
Walmart Tries to Shed a Stodgy Vibe to Battle Digital-Native Rivals
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Diverging Reports Breakdown
Adani Ent Share Price Highlights: Adani Ent. Stock Price History
Discover the Adani Ent Stock Liveblog, your go-to destination for real-time updates and comprehensive analysis of a top-performing stock. Keep track of AdaniEnt’s latest details, including: Last traded price 2613.1, Market capitalization: 289001.08, Volume: 2084054, Price-to-earnings ratio 40.72, Earnings per share 61.51. Our liveblog offers a holistic view of Adali Ent by examining both fundamental and technical indicators. Stay ahead of market trends with breakingnews that can impact Adanient’s performance. Our market analysis and expert opinions provide valuable insights to guide your investment decisions. The data points are updated as on 06:31:29 PM IST, 10 Jun 2025. The 7-day simple moving average stands at Rs 2546.76. The current 5-day exponential moving average (EMA5) is Rs 2550.13. The 6-month beta of 2.9341 indicates a high level of market volatility.
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ID startups face data heat; Nykaa eases into qcomm
ID startups face data heat; Nykaa eases into qcomm. Lenskart’s IPO route; Byju’S in NCLAT. Vibe coding needs more than vibes; Microsoft CEO Satya Nadella answers who would be next Google CEO:Sundar Pichai. And more in today’s ETtech Morning Dispatch. The government is investigating startups offering identity verification services for potential unauthorised access to the Aadhaar, permanent account number (PAN) and goods and services tax (GST) databases. The ministry of electronics and information technology (MeitY) is investigating firms, including Surepass, Digitap, Zoop, and Signzy, over concerns they may have bypassed authorised protocols to access confidential databases. In response, MeitY has blocked access to some of these companies’ websites via telecom networks. But only a few platforms have faced regulatory action so far, ET has learnt. We are Reading We Are Reading is ETtech’s weekly, offbeat look at what we are reading this week.
Also in the letter:
ID please? MeitY verifies the verifiers
What’s happened:
Under the lens:
Banks access the Aadhaar database under strict licence agreements to authenticate customers.
The government is now probing how these services are offering verification services, and whether the routes they use are compliant.
These platforms typically partner with financial institutions, consumer-facing startups and other entities to help them verify customers or businesses.
Their services are used to detect fraud and assess clients for underwriting.
Expert take:
Yes, but:
Also Read:
‘Quick commerce ops not hurting beauty biz, its aiding personal care’
Driving the news:
Why it matters:
Beauty is among the most competitive ecommerce categories, and quick commerce platforms are seeing strong growth from impulse-driven beauty buys.
Nykaa, however, is staying the course, pointing to its core category’s reliance on depth, shade options, and browsing behaviour.
“People browse a lot of shades and products before they buy. The nature of quick commerce doesn’t typically support that kind of assortment,” Nayar added.
By the numbers:
30% year-on-year growth in Nykaa’s beauty GMV over the past four quarters.
Delivery time cut from four days to two.
Same-day or next-day delivery is active in 100 cities.
Nykaa Now orders are currently fulfilled via dark stores, with other models under trial.
Also Read:
Go deeper:
Also Read:
Why vibe coding needs more than vibes for enterprise-scale solutions
What happened:
Also Read:
Golden use case:
Also Read:
Other Top Stories By Our Reporters
Lenskart becomes public limited company in preparation for IPO:
NCLAT rejects Byju’s resolution professional’s petition in Aakash shareholding row:
Sundar Pichai answers who would be next Google CEO:
Computational thinking is key as AI reshapes software: Microsoft CEO Satya Nadella |
Global Picks We Are Reading
Happy Monday! Startups offering identity verification services are under the government’s scanner. This and more in today’s ETtech Morning Dispatch.■ Vibe coding needs more than vibes■ Lenskart’s IPO route■ Byju’s in NCLATThe government is investigating startups offering identity verification services for potential unauthorised access to the Aadhaar, permanent account number (PAN) and goods and services tax (GST) databases.The ministry of electronics and information technology (MeitY) is investigating firms, including Surepass, Digitap, Zoop, and Signzy, over concerns they may have bypassed authorised protocols to access confidential databases. In response, MeitY has blocked access to some of these companies’ websites via telecom networks.Some verification startups collect customer application forms from clients and then scrape databases to confirm identity. According to an industry insider, this data is often available through open websites, unsecured APIs or even the dark web.Experts flagged a growing number of startups relying on such scraping techniques, potentially without proper authorisation.Companies such as Idfy, DigiO, Signzy and Datasutram are among the widely used in this space. However, only a few platforms have faced regulatory action so far, ET has learnt.As Blinkit, Zepto, and Instamart expand aggressively into beauty and personal care, Nykaa is taking a more slower, curated approach . Its quick commerce pilot, Nykaa Now, is live in select areas of Mumbai, New Delhi, and Bengaluru, with a deliberate focus on personal care rather than its core beauty range.“Nearly 80% of what we sell is beauty and 20% is personal care. Personal care is what’s really picking up on quick commerce,” Adwaita Nayar, cofounder and CEO of Nykaa Fashion, told us in an interview.Nykaa Now is designed as a separate merchandising layer, curated using demand signals and quick commerce-specific use cases. “It’s not about what Nykaa already sells, but what the customer really wants quickly. That’s more likely to be personal care or gifting,” Nayar said.While Nykaa is actively improving fulfilment speeds platform-wide, Nayar remains sceptical of the 10-minute delivery rush. “It’s not about 10 minutes. But people’s expectations for delivery speed globally are going up.”In the age of artificial intelligence (AI), vibe coding is all the rage, with companies and tech celebrities touting it as a simple way to build websites and apps using just a prompt. But the founders ET spoke to are highlighting the flip side.Executives said the growing trend of vibe coding, where developers rely on AI prompts to generate code, is triggering increased scrutiny, more rigorous code reviews, and a heavier burden on senior engineers to guide younger colleagues.As AI takes over the mechanics of coding, the new wave of engineers entering the workforce often lacks core programming knowledge. This has led to subpar code that requires additional checks and rarely reaches production without significant rework.Coding remains one of the most visible and impactful applications of AI. Around 30% of new code at Google and Microsoft is now AI-generated, and executives expect that share to grow over time..“There is an overdependence on LLMs, and this is leading to critical thinking issues,” said Nida Sahar, founder of bootstrapped cloud infrastructure platform Nife.io Piyush Bansal, CEO, LenskartOmnichannel eyewear brand Lenskart has become a public company in preparation for its public listing, changing its registered name from Lenskart Solutions Private Limited to Lenskart Solutions Limited through a special resolution passed by its shareholders.The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) on Friday dismissed an appeal lodged by the resolution professional of Byju’s parent, Think & Learn, against an interim order that mandated the maintenance of the status quo on the shareholding of Aakash Institute.Google chief executive Sundar Pichai, expects AI to play a critical role in the tech giant’s future leadership at the Bloomberg Tech Conference. When asked whether a human or AI will run Google in the future, Pichai stated, “I do think whoever is running it will have an extraordinary AI companion.” In a recent conversation with tech YouTuber Sajjaad Khade, Nadella encouraged aspiring developers to concentrate on the fundamentals of software engineering, despite the increasing role of AI in coding. “Just getting real fundamentals of software, if you’re a software engineer, I think matters a lot,” Nadella said. “To me, having the ability to think computationally is important.”■ Apple’s struggles to update Siri lead to investor concerns over AI strategy ( FT ■ How Trump and Musk are still linked – despite falling out ( BBC ■ New apps help immigrants navigate Trump’s deportation crackdown ( Rest of World
Qcomm cos on govt radar; Tata upskills in Taiwan
Qcomm cos on govt radar; Tata upskills in Taiwan. Tata Electronics is recruiting top executives from chipmakers such as Intel and GlobalFoundries. Meesho converts to public entity. Byju’s US assets Epic and Tynker sold for a song. OpenAI’s ChatGPT down. PowerUp Money raises $7 million. The government may step up surveillance on quick commerce dark stores over rising hygiene concerns. This and more in today’s ETtech Morning Dispatch. The Top 5 & Top 5 Morning Dispatch is published twice a week. For more, see www.ettech.com/top5 and http://www.ettelegraph.co.uk/news/features/top-5-morning-dispatch/2013/01/25/stories/top 5-top-five-daily-news-stories-2013-01-25/story/story#storylink=cpy. Back to Mail Online home.Back to the page you came from.
Also in the letter:
Govt may increase scrutiny on quick commerce firms following hygiene, food safety issues
Taking charge:
Second strike:
Last year, a raid by the Telangana food safety commissioner also flagged lapses at Blinkit warehouses.
In response, the FSSAI urged state authorities to step up inspections of quick commerce facilities.
The agency also amended norms, mandating that rapid delivery platforms supply products with at least 30% of their shelf life remaining or a minimum of 45 days before expiry.
In addition to concerns about food safety, quick commerce firms have also faced scrutiny over the use of manipulative design tactics, known as dark patterns.
Also Read:
Rapid expansion:
Tata Electronics sends hundreds of staff to Taiwan for semicon training
Driving the news:
Now hiring:
Talent hunt:
To build its talent pipeline, Tata Electronics is recruiting top executives from chipmakers such as Intel and GlobalFoundries, while also training less experienced employees.
Fresh graduates and professionals with some industry exposure are being sent to Taiwan as part of this programme.
Also Read:
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The opportunity:
Reach a highly engaged audience of decision-makers.
Boost your brand’s visibility among the tech-savvy community.
Custom sponsorship options to align with your brand’s goals.
What’s next:
Flexiloans raises another Rs 375 crore from Fundamentum, Accion and others
The details:
The round was led by existing investors, including Nandan Nilekani’s Fundamentum, US-based impact investor Accion, American asset management firm Nuveen, and Denmark-based asset management company Maj Invest.
British International Investment (BII), the UK’s development finance institution, joined in as a new investor.
Tell me more:
Founder’s take:
Wealthtech startup PowerUp Money raises $7 million:
Garuda Aerospace raises $1 million:
Other Top Stories By Our Reporters
Byju’s US assets Epic and Tynker sold for a song:
Meesho converts to public entity in run-up to IPO:
OpenAI’s ChatGPT down; users report issues in loading prompts:
Global Picks We Are Reading
Happy Wednesday! The government may step up surveillance on quick commerce dark stores over rising hygiene concerns. This and more in today’s ETtech Morning Dispatch.■ ETtech Done Deals■ Byju’s US fire sale■ Meesho converts to public entityThe government is likely to increase oversight of quick commerce companies’ dark stores following a spate of complaints about food safety violations at facilities run by leading players.Officials told us that the Food Safety and Standards Authority of India (FSSAI) will lead the effort, with plans for surprise inspections at dark stores and other storage facilities across the country.The FSSAI, which falls under the health ministry, sets standards for the manufacture, storage, distribution, sale and import of food items.Source: HSBC Global ReasearchThe move follows recent action by the Maharashtra Food and Drug Administration (FDA), which suspended the licences of Blinkit and Zepto’s dark stores in Mumbai and Pune after uncovering multiple hygiene breaches and violations of food safety norms.Industry executives and brand founders told ET that the fast and largely “unchecked” growth of quick commerce platforms, which pushed both marketplaces and brands to scale at breakneck speed, may be at the root of the problem.Tata Electronics is ramping up preparations for its semiconductor fabrication (fab) and assembly and test (OSAT) facility by sending scores of employees to Taiwan for training.Sources told us that the electronics arm of the Tata Group has sent “a couple of hundred” employees to its technology partner Powerchip Semiconductor Manufacturing Corporation (PSMC) for hands-on training in the specialised skills needed to operate the upcoming fab in Dholera.The training is being conducted in a phased and structured manner, as PSMC can accommodate only a limited number of trainees at a time.The Rs 91,000-crore fab in Dholera is expected to generate over 20,000 direct and indirect skilled jobs. Tata Electronics has started hiring in batches of 75, according to a person familiar with the matter.”Different batches focus on distinct operations like equipment, yield engineering, process technology and another on quality engineering, which is generally a smaller group that doesn’t need as many people,” the person said.ETtech Top 5 and Morning Dispatch are must-reads for India’s tech and business leaders, including startup founders, investors, policy makers, industry insiders and employees.Interested? Reach out to us at spotlightpartner@timesinternet.in to explore sponsorship opportunities.(L-R) Manish Lunia, Deepak Jain, Ritesh Jain, founders, FlexiloansNon-banking finance company Flexiloans has raised Rs 375 crore in a mix of primary and secondary capital to drive its expansion plans.The raise follows a Rs 290 crore infusion in October 2024 . That round had valued the company at $140 million, ET reported at the time. The current raise includes a significant secondary component.Flexiloans ended FY24 with revenue of Rs 263 crore and a net profit of Rs 3 crore. The company is yet to file its FY25 financials.“Through this round, we have given exits to the high networth individuals who had invested in the company in 2017. Most of our existing institutional investors have doubled down in the company,” said Deepak Jain, a cofounder of Flexiloans.Bengaluru-based wealthtech startup PowerUp Money has raised $7.1 million in its first major institutional funding round, led by early-stage investors Accel, Blume Ventures, and Kae Capital. This round also included participation from 8i Ventures and DeVC.Founded in April by Prateek Jindal, a former cofounder at Uni Cards, the startup offers direct mutual fund investments to retail investors.Drone startup Garuda Aerospace, backed by former Indian cricket team captain Mahendra Singh Dhoni, has raised $1 million in a funding round from the Narotam Sekhsaria Family Office (NSFO). The company plans to use the funds to scale up manufacturing capacity from 8,000 drones annually to 12,000-15,000 units.Two US assets of troubled edtech company Byju’s, coding platform Tynker and kids learning platform Epic, have been sold for a fraction of what the company paid for them. A US bankruptcy court approved both sales during a hearing on May 20, as reported by EdWeek Market Brief.The board of ecommerce marketplace Meesho has approved its conversion into a public entity in anticipation of a planned initial public offering (IPO), as stated in its filings with the Registrar of Companies (RoC).OpenAI’s chatbot ChatGPT experienced an outage , with thousands of users encountering difficulties in loading and accessing results for their prompts. The company acknowledged the outage and stated that both ChatGPT and the image generation AI tool, Sora, have been affected.■ Trump’s Tech Bros: Can Tim Cook save Apple from the trade war? ( FT ■ Tesla’s Robotaxis are rolling out soon—with one big unanswered question ( Wired ■ Google’s AI search features are killing traffic to publishers ( TechCrunch
Morning Brief Podcast: Corner Office Conversation with Yannick Bolloré, Havas Group Chairman & CEO
Corner Office Conversation with Yannick Bolloré, Havas Group Chairman & CEO. Ratna Bhushan, CEO of Havas, talks about why Indian branding and advertising is a ‘completely different world’ Havas is betting big on India’s booming middle class, digital-first consumers, and world-class talent base.
Corner Office Conversation with Yannick Bolloré, Havas Group Chairman & CEO
Ratna Bhushan | 19:15 Min | June 05, 2025, 9:46 AM IST
LISTEN 19:15 LISTENING…
Havas Group, the world’s fifth-largest advertising network, counts India as one of its most successful markets. In this special Corner Office Conversation, Yannick Bolloré, Chairman and CEO of Havas Group, talks to Ratna Bhushan about why Indian branding and advertising is a “completely different world”. With several big accounts such as Reckitt Benckiser, HUL and Tata Steel and a headcount that has grown 10X in eight years and poised to double in the next few, Havas is betting big on India’s booming middle class, digital-first consumers, and world-class talent base. Bolloré shares how India’s digitisation story where digital ad spends have overtaken traditional media offers a blueprint for the future. He also explains why Havas embraced AI early, how it’s slashing production costs while enabling hyper-personalised campaigns and why he wants every Havas employee to be AI-trained. Bolloré also discusses how geopolitical uncertainty from Trump’s tariffs to regional tensions continues to have an impact on advertising.Tune in!
Top tech and startup stories this week
Top tech and startup stories this week. Tata Digital CEO Naveen Tahilyani steps down; CFO Hardeep Guru tipped for top job. Foxconn preps 300-acre base for India’s iPhone army. Shiprocket confidentially files DRHP for India listing. Rapido hits $1.25 billion in gross order value for FY25, but cash burn accelerates. A sharp slowdown in unsecured loan disbursals by banks and non-banking finance companies has weighed on the FY25 performance of listed fintech majors. The shift to artificial intelligence (AI) has compressed timelines to a a day or two from a week, even as experts warn that technology cannot entirely replace human touch. It’s business as usual at Foxconn’s 300- acres campus in Karnataka, where the Apple contract manufacturer is constructing employee dormitories, a core element of its operations model. It will be seen in the postive results in the next fiscal year, CEO Varun Varun Alagh told us.
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Top Stories This Week
ETtech Exclusive: Tata Digital CEO Naveen Tahilyani steps down; CFO Hardeep Guru tipped for top job|
Dorminator: Foxconn preps 300-acre base for India’s iPhone army|
Also Read:
Who is Vaibhav Taneja? The Tesla CFO who out-earned Pichai and Nadella:
Shiprocket confidentially files DRHP for India listing:
Rapido hits $1.25 billion in gross order value for FY25, but cash burn accelerates:
Zomato adds ‘long-distance service fee’ for restaurants:
Also Read:
Indian VC funds leverage AI to evaluate deals, boost workflows:
Fintech Updates
Listed fintechs feel the pinch of lenders going slow on unsecured lending:
PhonePe’s 5% dilemma: Payments still dominate revenue as it gets IPO-ready|
Ola Electric gets board nod to raise Rs 1,700 crore debt:
Earnings Corner
Honasa Consumer reports net profit decline:
Mobikwik’s net loss widens, revenue growth remains flat:
Done Deals
Euler Motors raises Rs 638 crore funding:
Nazara Technologies buys game publisher Curve Games:
Eye on AI
Sam Altman’s partnership with Jony Ive furthers OpenAI’s hardware ambitions:
Sundar Pichai sees platform shift as AI brings tech research to life:
Also Read:
Microsoft strikes deal with Elon Musk to host Grok AI:
Anthropic rolls out Claude 4 family of AI agents:
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.L-R, N Chandrasekaran, chairman, Tata Sons and Naveen Tahilyani, former CEO, Tata DigitalIn a surprise move, Tata Digital CEO and MD Naveen Tahilyani resigned just a year after being handpicked by Tata Sons chairman N Chandrasekaran to lead the group’s digital commerce push. Tahilyani might be succeeded by finance chief Hardeep Singh Guru, as he moves on to became Prudential plc’s regional CEO for India, Africa, the Philippines, Cambodia, Laos, and Myanmar.Despite Trump’s warnings, it’s business as usual at Foxconn’s 300-acre campus in Karnataka, where the Apple contract manufacturer is constructing employee dormitories , a core element of its operations model.Vaibhav Taneja, Tesla’s relatively low-profile chief financial officer, is now among the highest-paid executives in the world —taking home $139 million in 2024. In comparison, Satya Nadella earned $79.1 million at Microsoft, while Sundar Pichai took home $10.73 million at Alphabet.Temasek-backed Shiprocket said it has confidentially filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO).Urban mobility startup Rapido has increased its gross order value (GOV) by 2.5 times (2.5x) to $1.25 billion in FY25, but saw cash burn increasing simultaneously.The food aggregator has introduced a new “ long-distance service fee ” that restaurants must pay when food is delivered beyond a certain distance threshold, raising concerns over rising commission costs.The shift to artificial intelligence (AI) has compressed timelines to a a day or two from a week, even as experts warn that technology cannot entirely replace human touch.A sharp slowdown in unsecured loan disbursals by banks and non-banking finance companies has weighed on the FY25 performance of listed fintech majors. Diversification of revenue streams remain a key challenge for the fintech platform as it derives 95% of its revenue from core payments in the run-up to its listing.In the first fundraise since its IPO last August, Ola Electric will raise funds through non-convertible debentures and other debt instruments in one or more tranches.Varun Alagh and Ghazal Alagh, founders, Honasa ConsumerThe Mamaearth parent posted a 16% decline in bottomline amid a restructuring exercise. The negative impact of the restructuring has tided over and its postive results will be seen in the next fiscal, CEO Varun Alagh told us.The fintech platform reported consolidated net loss of Rs 55 crore in March quarter, up from Rs 52.3 crore in December, as operating revenue remained mostly unchanged at Rs 265 crore.Saurav Kumar, founder, Euler motorsCapital raised in the round led by Hero MotoCorp will be used to scale nationwide sales and service network, and fast-track product development.In its biggest overseas acquisition yet, Nazara Technologies acquired UK-based games publisher Curve Games for Rs 247 crore with an eye on PC and console segments.L-R, Jony Ive, iPhone designer, Sam Altman, CEO, OpenAIOpenAI is taking a bold step into hardware with its $6.5 billion acquisition of io , the secretive AI startup founded by former Apple design chief Jony Ive.AI has “brought decades of research within reach of people , businesses and communities around the globe,” CEO Sundar Pichai said during the Google’s recently concluded developers’ conference.Elon Musk, currently embroiled in a legal dispute with Microsoft, made a surprisingly cordial virtual appearance at the tech giant’s annual technology showcase to announce that his AI chatbot Grok will be hosted on Microsoft’s data centres.The Google-backed AI platform launched Claude Opus 4 and Claude Sonet 4 with hybrid reasoning amid rising competition among AI coding agents.
Source: https://www.nytimes.com/2025/06/21/business/walmart-rebrand-headquarters.html