SoftBank Group Corp’s market value halved from its peak in June, as higher borrowing costs fuel investor concerns over the sustainability of its massive investments in artificial intelligence. Shares of the Tokyo-based company fell 6.9% on Thursday, taking their drop from an all-time high struck on June 2 to 50%, with earnings from US megacaps … Read more
BENGALURU: It has been a difficult day for cybersecurity, with critical vulnerabilities in PHP triggering an urgent global patching effort, millions of reported hacking attempts, and precautionary shutdowns of some online services. Microsoft CEO Satya Nadella said the scale of the incident was unusual, remarking at an event in Cologne in Germany that he had … Read more
Eternal, the parent entity of Zomato and Blinkit, plans to launch dark.ai, a privacy-focused artificial intelligence (AI) assistant, by the end of 2026. Founder Deepinder Goyal said “Dark is built for power users — founders, researchers, scientists, enterprises and governments — who want to keep their thoughts private, because privacy is essential for competitiveness. On … Read more
The Company has disclosed that ‘weak’ private cryptographic keys linked to eight ‘intermediate certificates’ were compromised. As per the Company’s press release dated October 21, 2026, the private keys associated with the eight intermediate certificates were created on April 30, 2025. During the key generation process, a flaw produced a second set of weak keys, … Read more
Flipkart is preparing to enter India’s food-delivery market with a new service called Eat-in by Minutes, which will compete with Zomato and Swiggy. The Walmart-backed e-commerce giant is rolling out the service in Bengaluru and is expected to go public by the end of October 2026. The move would provide an additional platform for customers … Read more
India’s instant househelp startups, which offer services at Rs 100 and increasingly at far lower prices, are growing fast, but the bill for that growth is getting harder to ignore. Snabbit spent Rs 195 crore in FY26 to generate just Rs 12.2 crore in operating revenue, while Urban Company’s quarterly loss more than tripled as … Read more
Funskool India is targeting turnover of over ₹400 crore in FY27, banking on international partnerships and manufacturing expansion, even as India’s toy industry grapples with dependence on China for specialised tooling and electronic components. The company expects to close FY27 with revenue of ₹380-400 crore, against its budget of ₹350 crore, said K. A. Shabir, … Read more
Reliance Industries Ltd (RIL), whose subsidiary is Jio Platforms Ltd., has hit back at U.S. Billionaire Elon Musk for his recent remarks on the company and the Indian market in connection with his satellite service Starlink. Mr. Musk had accused the telecom operator and its parent company of “oligarch[ic]” behaviour, essentially saying their pushback was … Read more
Fairfax plans to combine all of its interests in the insurtech company Go Digit and wealth management company IIFL Capital into IDBI Bank to make the lender into a holistic financial services provider. In Go Digit, Fairfax currently holds a 49% stake. A separate internal corporate restructuring approved by the CCI could eventually increase this … Read more