The government has approved a plan ofRs 1.27 lakh crorefor the second phase of the India Semiconductor Mission, Union IT Minister Ashwini Vaishnaw said. With the second phase, the government aims to build a more comprehensive supply chain. Semicon 2.0 also extends incentives to suppliers of critical raw materials for chip manufacturing, including minerals and industrial gases. Elsewhere, electric mobility across segments is gaining traction. Earlier this week, electric B2B platform udaan said it has secured$160 millionin a financing round through the issuance of fresh equity and debt while E3 Electric.Ai, a deeptech electric mobility startup developing AI-powered electric scooters, has secured Rs 100 crore. Meanwhile, electric two-wheeler manufacturerAther Energyhas approved a preferential fund raise of up to Rs 1,200 crore, bringing in fresh capital from existing backers Hero MotoCorp, the India-Japan Fund and the company’s founders. Lastly, teenagers in the UK will now face an overnightsocial media curfew. The government also wants "addictive" features such as auto-play and infinite scroll to be set to be disabled. Policymakers hope the measures will improve teenagers' focus and sleep quality,BBCreported. While the exercise seems futile given that teenagers can opt out of the curfew by changing the account settings, it highlights the growing concern around the use of social media platforms as well as doomscrolling. In today’s newsletter, we will talk about Here’s your trivia for today: Which country was known as Rhodesia between 1964 and 1980? AI startup Emergent, founded by brothers Mukund and Madhav Jha, has raised $130 million in a Series C funding round at a valuation of $1.5 billion. The round was led by Creaegis, with MNI Ventures - Claypond Capital and Sentinel Global joining as co-lead investors. The startup said it will use the funds to hire talent across the United States and India, accelerate product development, and expand its go-to-market efforts. Online stockbroking platform Groww reported a 94% rise in net profit for the first quarter of the current fiscal, while revenues rose 66% during this period. This strong performance aided the company's share price to rise by 5%. Net profit for the first quarter of FY27 was Rs 735 crore, compared to Rs 378 crore in the similar period a year ago. Revenue was Rs 1,501 crore compared to Rs 904 crore a year ago. Which country was known as Rhodesia between 1964 and 1980? We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail[email protected]. If you don’t already get this newsletter in your inbox,sign up here. For past editions of the YourStory Buzz, you can check ourDaily Capsule page here.
