Department store chain Shoppers Stop's MD Venugopal Nair told analysts last week that there has been a decline in the number of people shopping with families and in groups and that there has been an increase in individual purchases. "We recognise the shift in trends and we continue to bring in brands which cater to that segment," he said.
The chief executives of Alphabet Inc's Google, Microsoft, OpenAI and Anthropic will meet with Vice President Kamala Harris and top administration officials to discuss key artificial intelligence (AI) issues on Thursday, said a White House official.
With its dedicated growth fund, Chiratae is expected to invest in growth-stage rounds including Series C and above, while taking a sector-agnostic approach, the VC firm said.
Local players are exploring legal and regulatory options after appellate body decision in the Google case, say legal, industry experts.
Indian startups have soaked up so much talent — and attention — that it is hard to imagine the sector will stay depressed forever. Even so, there are at least three lessons that we in India can learn from this downturn. First, we shouldn’t minimize the importance of remaining attractive to global risk capital. When global finance looks elsewhere, smart and ambitious Indian companies are left with far fewer options.
Hiring specifically in back-office functions such as human resources will be suspended or slowed, Krishna said.
Indian internet firms have given internet body IAMAI a thumbs-down, alleging that it has favoured Big Tech companies on multiple issues. This and more in today’s ETtech Morning Dispatch.
