ETtech

💰 Global professional services and business process management firm Genpact on Thursday posted a 13% year-on-year (YoY) increase in its net income, which stood at $133 million, for the third quarter of the year.

#Medtech leaders welcome govt's move to launch Rs 500cr scheme for medical devices This will not only boost domestic manufacturing but also reduce reliance on import, said medtech leaders on Saturday.

Centre to develop tech for highspeed, ultra-low latency #5G services Through this agreement, the organisations are gearing up to strengthen India's capacity to produce and sustain cutting-edge solutions on a global scale.

Elon Musk joined Donald Trump's call with Ukraine's Zelenskyy, media reports say "We agreed to maintain close dialogue and advance our cooperation. Strong and unwavering U.S. leadership is vital for the world" the Ukrainian president said.

OpenAI's ChatGPT back up after brief outage According to Downdetector, said ChatGPT's services were down for about half an hour, affecting over 19,403 users

🚨 ETtech #Unwrapped | In a new edition of our weekend newsletter, we take a look at the most important stories this week. Read here: https://lnkd.in/g5riHJRF

#UnifyApps raises $20 million in round led by Iconiq Growth The round also saw participation from existing investors including early-stage venture capital firm Elevation Capital. https://lnkd.in/gQziuTs7

ETtech Deals Digest: Startup funding declines 57% on-year to $80.7 million this week The funds were raised by the startups through 20 deals, compared to 35 in the year-ago period. Read more at: https://lnkd.in/gTDAAYkK

Ola Electric Q2 performance better on year, but weakens sequentially 📌On a sequential basis, however, revenue fell 26% and net loss widened. Deliveries also dropped 21% from a quarter earlier to 98,619 units. Read more at: https://lnkd.in/g8zFEzUB

Swiggy IPO oversubscribed as institutional investors do final-day heavy lifting As it came closer to launching its #IPO, Swiggy increased the size of its fresh capital raise while reducing the #OFS component compared to its initial plans. Read more at: https://lnkd.in/g2m6urp3