The federal government gives oil, gas and coal producers at least $34.8 billion in subsidies each year, according to a new study by the research and advocacy…
The federal government gives oil, gas and coal producers at least $34.8 billion in subsidies each year, according to a new study by the research and advocacy…
“What began as a homework helper gradually turned itself into a confidant and then a suicide coach,” said Matthew Raine, whose 16-year-old son Adam died in April.
“Within a few months, ChatGPT became Adam’s closest companion,” the father told senators. “Always available. Always validating and insisting that it knew Adam better than anyone else, including his own brother.”
Raine’s family…
The Urban Company IPO was subscribed 103.6 times, with institutional buyers leading demand. According to BSE data, the issue received bids for 11,064 million shares against the 107 million on offer. The QIB category was subscribed 140.2 times, with 8,144 million shares bid for against 58 million reserved. Non-institutional investors subscribed nearly…
Also in the letter:
■ VCs go independent
■ IT contracts up for grabs
■ Vaishnaw on Arm in India
ET Startup Awards 2025: 100X IPO subscription is a responsibility, not a victory lap: Urban Company CEO

At-home services platform Urban Company, which won the prestigious Startup of the Year category at this year’s ET Startup Awards, saw its initial public offering (IPO) subscribed…
The expected surge in deal activity aligns with IT firms navigating high costs and AI-led optimisation pressures from clients, showed data sourced by ET from data research and analyst firms.
Extrapolating the six-month period, the deal market this calendar year is likely to surpass the around $14 billion worth of deals renewed in…
The round also saw participation from SiriusOne Capital Fund and angel investors including founders of Dot and Key, Livspace and Snitch.
According to cofounder Rupesh Jain, the company will use the funds to expand offline operations, strengthen its team and step up marketing efforts.
Founded in May by Rupesh and Vandana Jain, the Mumbai-based company has…
At-home services platform Urban Company’s Rs 1,900-crore initial public offering (IPO) was subscribed more than 100 times, but founder and CEO Abhiraj Singh Bhal said the “overwhelming” response was not a victory lap for the 11-year-old Gurugram-based startup. “We’ve been overwhelmed. I don’t think anybody expects a 100X subscription. We are fully cognisant that this is not a reflection of where the company is today. It is a promise of what…
Justice Sachin Shankar Magadum said that the summons is stayed until the Supreme Court decides on a pending question over the scope of the ED’s powers in summoning lawyers. The court said the ED was restrained from taking any coercive action against petitioner Gowda until further…
The suit, filed in the district court in California on Tuesday, claims MiniMax “audaciously” used the studios’ famous copyrighted characters to market Hailuo as a “Hollywood studio in your pocket” and advertise and promote its service.
With a simple text prompt by a subscriber, Hailuo…
“We have a deal on TikTok … We have a group of very big companies that want to buy it,” Trump said on Tuesday, without providing further details.
A deal for TikTok had been in the works in the spring, but was put on hold after China indicated it would not approve it following Trump’s…
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