India's startup IPO market is entering a new phase, where public investors are demanding more realistic valuations and smaller fundraises. We explain what it means for the next wave of tech IPOs. Plus, the rate that is likely on UPI MDR transactions. Also in this episode: Nykaa reports a blockbuster Q1 with profit more than tripling as beauty and fashion both gain momentum. The Indian government summons Meta's global team over concerns around child safety, platform accountability and content moderation.

In today's Tech3 from Moneycontrol, we explain why India's unicorn club is shrinking as investors prioritise profitability over sky-high valuations, how the closure of Paytm Payments Bank has unexpectedly strengthened Paytm's path to profitability, why IT companies are trimming bench sizes in the AI era, and how Ather Energy delivered its strongest quarter since listing by turning EBITDA positive and sharply narrowing losses.

In today's Tech3 from Moneycontrol, outgoing Infosys CEO Salil Parekh reflects on his nine-year journey and explains why he believes the company is ready for the AI era. We also bring you Moneycontrol's exclusive on Style Union's planned ₹400-500 crore fundraise, why Urban Company is prioritising InstaHelp over near-term profits, and whether the recent rally in Indian IT stocks marks the beginning of a structural comeback or just a relief rally.

India is on the cusp of a major demographic shift. By 2047–2050, nearly one in five Indians will be over the age of 60, making retirement planning a national priority rather than a personal choice.

In this exclusive conversation, C. Sivasubramaniam Raman, Chairman, PFRDA, discusses why Indians need to "grow rich before they grow old" and how the National Pension System (NPS) is evolving to meet the needs of a changing workforce. From the power of long-term compounding and retirement discipline to innovations like NPS Swasthya, digital onboarding, support for gig workers, and the future of pension reforms, the discussion explores how India's pension ecosystem is being reimagined for the decades ahead.

In today's episode of Moneycontrol's Tech3 Podcast, we unpack the biggest stories from India's startup and technology ecosystem.

Here's what's on the show:

Zepto hits pause on its IPO and instead prepares to raise over ₹1,000 crore in a pre-IPO funding round.

"India can't become a digital colony" — Sarvam AI co-founder Vivek Raghavan explains why India needs its own full-stack AI ecosystem as the startup unveils plans for a trillion-parameter foundation model.

Swiggy vs Zepto: The quick commerce rivalry moves beyond discounts and delivery speeds as Swiggy questions Zepto's choice of growth metrics while outlining Instamart's next phase under new CEO Nandita Sinha.

UPI's privacy dilemma: Why NPCI wants payment apps to mask users' mobile numbers—and the trade-offs between privacy, convenience and fraud prevention.

Tune in for all this and more on Tech3, Moneycontrol's daily podcast covering the latest in startups, technology, AI and venture capital.

In today's Tech3 from Moneycontrol, Rapido's Ownly emerges as the first serious challenger to the Swiggy-Zomato duopoly with its zero-commission food delivery model. We also explain why Swiggy picked former Myntra CEO Nandita Sinha to lead Instamart, why the government has asked Google to remove offline messaging apps including Bitchat, Briar and Bridgefy, and what Cognizant's latest earnings and guidance say about enterprise AI spending and the outlook for the global IT sector.

In today's Tech3 from Moneycontrol, we break down why the government is continuing to press Meta over the temporary removal of Prime Minister Narendra Modi's Facebook video, Swiggy Instamart's appointment of former Myntra CEO Nandita Sinha to lead its quick commerce business, why venture capital firms are taking longer than ever to reach a final fund close, and how NPCI's upcoming privacy changes will make UPI payments more secure by masking phone numbers and promoting username-based UPI IDs.

In today's Tech3 from Moneycontrol, we break down why Zepto's investors are testing appetite for a lower IPO valuation, Temple's rare pre-launch ESOP buyback at nearly double its last valuation, what Ashiss Kumar Dash's appointment as Infosys CEO-designate means for the company's AI journey, and why IIT Madras Director V. Kamakoti believes multiple NEET sessions could help prevent future exam paper leaks.

In today's Tech3 from Moneycontrol, we break down Infosys naming Ashiss Kumar Dash as CEO-designate and what the leadership transition means as the company doubles down on AI. We also look at why venture capital firms continue to back premium consumer brands, the pushback from smaller UPI apps against NPCI's proposed UPI Meta protocol, and why TCS has asked employees at its Delhi campus to temporarily work from its Noida and Gurugram offices amid student protests.

In today's Tech3 from Moneycontrol, we break down Eternal's June quarter earnings as quick commerce competition intensifies, explain why enterprise AI startup Ema is in talks to raise $80 million, look at Paytm's renewed push for Postpaid through UPI credit lines, and explore how the Greater Bengaluru Authority plans to use AI to modernise civic services and integrate citizen databases.