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Apple posts stronger-than-expected Q2 results

Apple posted strong quarterly results with $24.78 billion in profit, aided by a new low-cost iPhone and app sales. Despite tariff threats, CEO Tim Cook secured exemptions. iPhone sales rose globally but declined in China. Services revenue grew, though antitrust rulings threaten future income from app commissions and Google partnerships.

Tech & Internet

Gold-loan fintech firms spot a glimmer in RBI’s draft rules

Tech & Internet

ETtech Explainer: Oura vs Ultrahuman—what’s at stake in the smart ring patent battle

Tech & Internet

Sam Altman and Satya Nadella show unity Ghibli-style, even as Microsoft flirts with OpenAI rivals

Sam Altman and Satya Nadella show unity Ghibli-style, even as Microsoft flirts with OpenAI rivals

Morning Dispatch

Top tech and startup stories to begin your day

Tech & Internet

Reddit's strong revenue forecast signals advertising strength

Reddit forecast Q2 revenue above expectations, boosted by ad tech gains and a 50% rise in active advertisers. Despite Google search disruptions, Q1 revenue grew 61% to $392.4 million. Daily active users rose 31% as AI drives engagement.

Tech & Internet

US tariff tantrums delay GCC expansion as companies await clarity

Delayed decision-making is particularly noticeable in tariff-sensitive sectors like automotive and integrated hardware, experts said. “But these are more tactical pauses than structural pullbacks,” said Karthik Padmanabhan, managing partner-GCC advisory at management consulting firm Zinnov. The proposed US tariffs and heightened geopolitical tensions are adding to concerns.

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Tech Trending: Eternal's board clears plan to cap foreign ownership Electronics Components Scheme Gensol promoters quit board Silicon Valley Bank crisis

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Eternal Q4 report: Net profit plummets on Blinkit losses; food delivery stays in the slow lane
In an indication of rising dependence on food delivery for consolidated profits, the parent of Zomato and Blinkit shut down its 15-minute food delivery service, Quick, and its homely meals offering, Everyday. But food delivery too registered slow growth.
Blinkit’s GOV runs neck and neck with Zomato’s food delivery in Q4
A year ago, Blinkit’s GOV was half of Zomato’s. Meanwhile, Zomato's parent, Eternal, has introduced a new metric for its B2C segments—food delivery, qcomm, and going-out—called net order value (NOV). It is calculated by subtracting discounts (funded by the platform or its partners) from GOV.
Over 60% of Hyperpure’s revenue now comes from non-restaurant businesses: Zomato
Eternal shuts down Zomato Quick, Everyday after tepid demand

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RBI boost for gold loan fintechs; Blinkit dents Zomato’s profits

RBI boost for gold loan fintechs; Blinkit dents Zomato’s profits

Happy Friday! The RBI is formalising the gold loan market, opening doors for fintechs in the space. This and more in today’s ETtech Morning Dispatch.

02 May, 2025

Eternal Q4 earnings: Blinkit losses bite into Zomato’s profits

Eternal Q4 earnings: Blinkit losses bite into Zomato’s profits

Zomato parent Eternal reported a drop in its net profit due to increasing losses in Blinkit, even as food delivery growth continued to be subdued. This and more in today’s ETtech Top 5.

01 May, 2025

India’s AI job boom; Hackers fuel Indo-Pak fire

India’s AI job boom; Hackers fuel Indo-Pak fire

Happy Thursday! Hiring in artificial intelligence (AI) roles is set to grow this fiscal, bucking tech industry trends. This and more in today’s ETtech Morning Dispatch.

01 May, 2025

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ETtech Explainer: Oura vs Ultrahuman—what’s at stake in the smart ring patent battle
Oura, a Finnish healthtech firm, secured a favorable initial ruling in its patent infringement case against Ultrahuman and RingConn. A US ITC judge determined that both rivals infringed on Oura's smart ring technology patents, potentially leading to a US import ban. This decision could significantly impact Ultrahuman and RingConn's expansion in the crucial US market.
Sam Altman and Satya Nadella show unity Ghibli-style, even as Microsoft flirts with OpenAI rivals
OpenAI CEO Sam Altman shared a Studio Ghibli-style image with Microsoft CEO Satya Nadella, showcasing OpenAI’s new office and recent progress, amid reports of growing tensions between them. Despite speculation of a rift due to diverging AI ambitions and competition, their public exchange remained cordial.
Reddit's strong revenue forecast signals advertising strength
Spotify submits app update to Apple with external link for purchases in US

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IISc researchers develop bacteria to repair bricks in space; samples to be sent onboard Gaganyaan
A sample of the bacteria may now be sent to space as part of the Gaganyaan mission to study its behaviour in microgravity. With India planning future manned lunar missions, this development could play a crucial role in developing sustainable, self-repairing habitats on the moon.
- Bolstered by streaming, recorded music revenues rose for tenth year in a row in 2024: Report
- Satellite manufacturing company HEX20 launches India's first private payload hosting satellite
  Developed in just four months, 'Nila' was launched via Berlin-based satellite deployer company, Exolaunch aboard SpaceX Transporter-13 on March 15 at 12:13 pm (IST).
- Private lunar lander Blue Ghost falls silent on the moon after a 2-week mission
  Firefly Aerospace's Blue Ghost lander completed a successful lunar mission, conducting NASA experiments before shutting down at sunset. It marked the first private moon landing without failure, with future missions planned.
- Karnataka’s tech platform bags gold at national e-governance awards

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