INDIAN OWNERSHIP
EaseMy Trip warns of national security risks from Chinese-owned travel apps
Nishant Pitti, founder and chairman of EaseMyTrip, cautioned travelers about the potential national security risks posed by certain travel platforms, highlighting that companies with significant Chinese ownership may be accessing Indian passport data.
Country's legal system must evolve to govern AI technology responsibly: SC judge Manmohan
At the International Legal Conference 2025, Supreme Court judge Manmohan stressed the need for India’s legal system to evolve with emerging technologies like AI and fintech. He highlighted pressing issues around data privacy, cybersecurity, and intellectual property, urging legal reform to support innovation, international trade, and cross-border dispute resolution.
Start-up boss says employees love being overworked at big companies but.... Netizens say 'big brands have value'
Aayushi Saraswat of FinFloww initiated a debate on LinkedIn. She questioned the perception of work culture in MNCs and startups. Saraswat pointed out the bias towards global corporations. She noted that long hours are acceptable for big brands. However, similar dedication at startups is seen negatively. She argued that startups offer growth and valuable experience.
NRI Talk: Tax-free gains? How NRIs in UAE, Singapore & Mauritius legally avoid MF taxes
NRIs are increasingly aligning investments with India’s growth, drawn by economic resilience, reforms, and emotional ties. Tax-friendly hubs like Dubai and Singapore amplify returns, while new tools like GIFT City and fractional real estate expand options.
India vs Pakistan—now on the menu: Diaspora divided over fake 'Indian' restaurants abroad
A social media debate has ignited, questioning the authenticity of restaurants abroad claiming to be Indian. Fuelled by instances like the Karachi Bakery controversy in India, discussions revolve around whether Pakistani-owned establishments misrepresent themselves to attract a wider customer base. This has led to calls for verification and raised concerns about the absence of distinct Pakistani dishes on menus.
Yes Bank shares rally over 8% as SBI and Japan's SMBC near landmark stake sale deal
Yes Bank shares surged over 8% after reports said SBI and Yes Bank boards are in talks to sell a 20% stake to Japan’s SMBC, potentially marking India’s biggest banking M&A. SMBC plans to gradually raise its stake to a majority. The RBI is likely to permit the deal despite FDI restrictions. SBI could double its investment.
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'SIPs are meaningless without our Armed Forces': Fund manager urges Indians to contribute to India govt's National Defence Fund amid Operation Sindoor
Gurmeet Chadha, a wealth advisory firm's managing partner, is advocating for contributions to the National Defence Fund (NDF) amidst escalating India-Pakistan tensions. Established in 1962, the NDF supports armed forces welfare through voluntary donations, offering tax exemptions. Recent successful operations, like Operation Sindoor, highlight the importance of high-quality military resources.
Defence stocks, consumer staples emerging as reliable plays for FY26: Religare's Dr Ravi Singh
Some Investors are shifting toward safe-haven assets like gold, U.S. Treasuries, and defensive sectors such as healthcare and consumer staples. Geographic diversification, higher cash holdings, and exposure to real assets like commodities and real estate offer protection.
Promoter ownership in India's top 500 companies hits record low of 49.5%
Promoter ownership in India's top 500 companies has declined to a record low of 49.5% in the March quarter, driven by high valuations and strong investor demand prompting stake sales. Non-banking finance, telecom, and public sector banks experienced the most significant drops in promoter holdings.
Fake news frenzy post Operation Sindoor; Porter’s unicorn round
Following India’s Operation Sindoor, social media platforms are battling fake content and disinformation. This and more in today’s ETtech Top 5.
A billion litres and beyond: Hinduja family’s water heritage revival mission
The Hinduja Foundation is dedicated to water stewardship, reviving India's traditional water systems and providing clean drinking water under the Jal Jeevan mission. Since 2018, they've reached over 5 million people in 4,000 villages by restoring lakes and wells, installing RO systems, and promoting community involvement. These efforts enhance livelihoods, ecology, and offer a scalable model for national water security.
Some possible safe havens, some likely causalities of tension at the border: 5 sectors, 24 stocks which are likely to see an impact
Now that India has retaliated as it was expected to after the Pahalgam terror attack, it is time to see how the situation pans out in the next couple of weeks. Let’s hope for the best and prepare for the worst. When we prepare for the worst, there are some hard decisions that need to be made. The fact is that there is no investment strategy that can insulate a portfolio from geopolitical shock (or a war, to put it simply). History suggests that wealth survives best when it is backed by businesses whose revenue is mandated by the government, protected by regulation, or denominated in a hard foreign currency. At the same time there are some sectors which are bound to be a hit.
Elon Musk’s Starlink gets Indian regulatory go-ahead for satcom services
Elon Musk’s Starlink has received a Letter of Intent from India’s Department of Telecommunications (DoT) to begin satellite communication services in the country. The clearance follows Starlink’s agreement to comply with newly imposed national security rules. The company is expected to bring satellite broadband to remote areas, focusing on in-home connectivity. Once regulatory approvals are in place and spectrum is allocated, Starlink could become the first satcom provider in India to offer both fixed and mobile services.
A tale of two Met Galas: Why Cartier denied Diljit Dosanjh but let Emma Chamberlain wear the Maharaja of Patiala's legacy?
Punjabi icon Diljit Dosanjh wowed at the 2025 Met Gala in a royal tribute to the Maharaja of Patiala — but was denied the legendary $2.5 billion Cartier necklace once worn by the monarch. While YouTuber Emma Chamberlain wore a piece of it in 2022, Cartier refused Diljit’s request. Is it just protocol - or colonial curation at play?
Indian-American population rises to 5.2 million in the US, now the second-largest Asian group
The Indian-origin population in the US has significantly grown, reaching 5.2 million in 2023 and becoming the second-largest Asian group. This growth, a 174% increase since 2000, is driven by immigration and characterized by high English proficiency, educational attainment, and household income.
Japan's financial powerhouse SMBC moves a step closer to taking control of Yes Bank
Yes Bank stake buy: Sumitomo Mitsui Banking Corp (SMBC) is in advanced discussions to acquire a significant stake in Yes Bank, potentially triggering an open offer for an additional 26%. SBI, currently holding a 24% stake, seeks a new owner after Yes Bank's turnaround.
KKR vs RR: DJ drops 'Jaadu' moment for Juhi at Eden Gardens; sparks emotional response from crowd
During an IPL 2025 match, Kolkata Knight Riders co-owner Juhi Chawla was honored with her iconic song, creating a memorable moment. KKR secured a narrow one-run victory against Rajasthan Royals, fueled by Andre Russell's explosive batting and tight bowling. Chawla's consistent presence alongside Shah Rukh Khan underscores her significant role in KKR's ownership and success.
India to showcase SVAMITVA scheme at World Bank Land Conference
India's SVAMITVA scheme will gain global attention at the World Bank Land Conference in Washington DC. The conference starts on Monday. An Indian delegation will showcase the scheme's innovative use of technology for land mapping. They will also discuss Gram Manchitra platform. This platform supports village-level planning and disaster risk mitigation.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Startups must drive their own demand before relying on online marketplaces: Priyanka Gill
The founder and CEO of lab-grown diamond jewellery brand Coluxe observed that, though helpful, quick commerce platforms cannot build brand loyalty. She suggested using AI and digital tools to create owned content and strengthen direct customer relationships to build brand awareness and loyalty.
DIIs surpass FPIs in ownership of companies listed on NSE after 22 years
In the March quarter, DII holdings rose 73 basis points (0.73 percentage point) to 17.62%, while FPI holdings edged down 2 basis points to 17.22%, showed data compiled by primeinfobase.com. FPIs held 20.71% ten years ago, more than the then combined 18.47% holding of DIIs, retail investors and high-net-worth individuals.
Self reliance! In a historic shift, DIIs’ shareholding in Indian stocks is now higher than that of FIIs
For the first time, Domestic Institutional Investors (DIIs) now own more Indian stocks than Foreign Institutional Investors (FIIs), holding 17.62% stake in NSE-listed firms as of March 2025, driven by mutual fund and insurance inflows.
Can middle class depend on salaried employment? Saurabh Mukherjea gives 10 commandments of entrepreneurship
PMS fund manager Saurabh Mukherjea argues that India's middle class must shift its mindset to succeed in a changing economy where stable jobs are fading. In a recent note, he outlines the "Ten Commandments of Indian Entrepreneurship," a practical framework rooted in local business realities—emphasising risk-taking, patience, continuous learning, and relationship-building over traditional career paths.
Local intellectual property ownership key for private nuclear power plants
India may require local ownership of intellectual property for private nuclear power plants. This is to increase atomic energy capacity. The government is working on public-private partnership framework. It includes joint venture rules for overseas companies. India aims to expand nuclear energy capacity significantly by 2047. The policy will likely stipulate majority ownership by the Indian partner.
Air India sees Pakistan airspace ban costing it $600 mn over 12 months, seeks aid
Air India anticipates incurring approximately $600 million in extra expenses if Pakistan's airspace ban persists for a year, prompting a request for government compensation. The airline projects losses exceeding $591 million annually due to increased fuel consumption and extended flight durations.
Dailyhunt parent faces audit heat; Go Digit Q4 results
Audit firm Deloitte has raised multiple red flags over Dailyhunt parent’s internal controls. This and more in today’s ETtech Top 5.
ETtech Explainer: Why Zepto founders are taking personal debt to boost Indian ownership
Zepto's cofounders, Aadit Palicha and Kaivalya Vohra, are securing personal debt of Rs 1,500 crore to increase their stake by purchasing shares from foreign investors before the quick commerce player files for IPO. Edelweiss Alternative Asset is expected to anchor the deal. ETtech explains why the promoters are planning to raise debt ahead of the listing, and the broader picture.
Zepto founders tap Edelweiss, others for Rs 1,500 crore structured debt to boost Indian ownership
Zepto founders Aadit Palicha and Kaivalya Vohra are raising about Rs 1,500 crore through structured debt to boost Indian ownership ahead of the company’s planned IPO, people familiar with the matter told us. Edelweiss Alternative Asset is anchoring the deal alongside domestic family offices and smaller credit funds. The loan carries a minimum interest rate of 16%, with an equity-linked upside pushing total returns closer to 18%.
Zepto founders’ debt; Rapido’s food delivery ride
Happy Monday! Zepto founders are raising funds through structured debt ahead of the company’s IPO. This and more in today’s ETtech Morning Dispatch.
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