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SAP’s incoming chairman Punit Renjen on the India opportunity; Isro sets sights on the sun

Incoming SAP chairman Punit Renjen dwells at length on his new role, the opportunities it throws up, and his hopes for a wider collaboration between India and the US. Here’s what he told us and more in today’s Morning Dispatch.

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India should expand manufacturing base by taking advantage of supply chain shift: Punit Renjen, incoming chairman, SAP

​​​In an interview with ET, incoming SAP chairman Punit Renjen talked about his "second innings" at SAP, and how the enterprise software major will significantly expand its India base from the current 17-18% of workforce.

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4B Networks founder Rahul Yadav files for anticipatory bail in cheating case

Mumbai Police's Economic Offences Wing (EOW) probing the matter opposed the ABA, contending that Yadav failed to join the probe on at least two occasions.

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SoftBank plans AI tour for founders to boost technology adoption

SoftBank Group Corp. will take a group of its Indian startup founders to Silicon Valley next month for an artificial intelligence tour as the Japanese investor steps up efforts to infuse its portfolio companies with the technology.

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Will make sure that X competitor to LinkedIn is cool: Elon Musk

Elon Musk on Sunday took on Microsoft-owned LinkedIn, saying he will make sure that the X (formerly Twitter) competitor to LinkedIn is cool.

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China's Xpeng to acquire Didi's smart EV unit in deal worth up to $744 million

As part of the deal, which could be worth as much as $744 million, Xpeng will launch an A-class model next year under a new brand, currently called MONA, aiming to expand in the mass-market segment.

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India’s late-stage tech funding stuck due to high valuations: SoftBank’s Sumer Juneja

Happy Monday! We ended last week with Zepto’s $200-million funding, a rare large-sized round which made the quick-commerce company 2023’s first unicorn. We now turn our attention to late-stage startups that are refusing to accept cuts in their valuations, something that’s keeping SoftBank’s venture capital arm at bay. This and more in today’s ETtech Morning Dispatch.

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Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...