BIZARRE: 18 - What They Never Told You

Lights, cameras, aliens: meet the all-star cast of Steven Spielberg’s Disclosure Day

Find out what we know about the characters at the heart of this summer’s blockbuster from a master of the genre

The Guardian - UK · May 22

US firm ContentNexus files patent suit against Wipro

A US patent holder has sued Wipro in a federal court. The company alleges Wipro used patented technology without permission. This involves two patents related to signal processing. ContentNexus LLC filed the complaint. They seek damages and a jury trial. Wipro has not yet responded to the lawsuit. The patents…

The Economic Times · May 22

OpenAI goes all out to charm Indian coders

OpenAI personnel are spending more time in India to understand the ecosystem and offer products and services that fit the market. Their concentration on India comes at a time when the coding war is heating up and OpenAI is trying to expand its enterprise and developer-focused offerings globally, people aware…

The Economic Times · May 22

Meta, Amazon layoffs: A 60-day visa clock ticks for Indian laid off H-1B techies

Indian professionals on H-1B visas face immediate immigration pressure due to US tech layoffs. Losing a job triggers a strict 60-day grace period. Affected workers must find a new sponsor or change visa status within this limited time. Companies like Meta and Amazon are restructuring, impacting many sponsored employees.

The Economic Times · May 21

Desi chip companies fear MNCs will dip into their DLI 2.0 treat

India is planning the second phase of its semiconductor incentive scheme, DLI 2.0. Concerns are rising among domestic startups that allowing multinational corporations to join, even with minority stakes, could overshadow Indian firms. The government aims to balance foreign investment with domestic control to foster self-reliance in chip design.

The Economic Times · May 21

RBI's new draft guidelines have digital wallets feeling the pinch

Founders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the current format, could shut down multiple business opportunities for the payments industry, which is already grappling with revenue generation challenges.

The Economic Times · May 21

Waiting for your dream phone to get cheaper? That moment may never come

Smartphone prices are no longer dropping predictably. The demand for AI chips is causing component costs to surge. This means phones are launching at higher prices and staying that way. Budget phones are seeing downgrades to control costs. Consumers may need to buy when they need a phone, as big…

The Economic Times · May 20

Rs 10.9 lakh crore burden: Iran shock can take a load off India's back

Rising oil prices triggered by the Iran conflict are pushing India to accelerate its shift away from fossil fuels, with the government fast-tracking plans for ethanol adoption and commercial vehicle electrification to reduce dependence on imported crude and support the rupee. With crude imports estimated to cost Rs 10.9 lakh…

The Economic Times · May 20

Investment firm Oister Global launches Rs 500 crore ACE Fund III

Oister Global has launched ACE Fund III, a Rs 500 crore fund focused on startup secondaries. The fund targets late-stage, high-growth companies with strong unit economics and clear liquidity pathways, Rohit Bhayana, cofounder of Oister Global, told ET.

The Economic Times · May 20

Peak XV joins UK infrastructure startup Primer’s $100 million funding round

Peak XV Partners has joined a $100 million fundraise for global payments infrastructure startup Primer, marking another overseas investment for the Indian VC firm. The funding will accelerate AI investments and US expansion, where Primer expects significant revenue growth.

The Economic Times · May 20