Business News
SBI Foundation and NSRCEL Launch Second Cohort of iCube
NSRCEL, the startup hub at IIM Bangalore launched the second cohort of the Incubating Incubators (iCube) initiative to strengthen incubators across India.
News and Trends | Page 9
Business News
Government Extends PM E-DRIVE Scheme Till March 31, 2028; e2W Incentive Cut
The PM E-DRIVE Scheme has been extended until March 31, 2028, with revised incentives for electric two-wheelers and a total outlay of INR 11,900 crore.
Business News
Biodeal Pharmaceuticals Raises INR 385Cr from RMB Capitalworks
Biodeal Pharmaceuticals raises INR 385 crore from RMB Capitalworks to expand specialty pharmaceuticals, manufacturing capacity and global markets.
Leadership
Tata Sons Chairman N Chandrasekaran Resigns Ahead of Preceding Tata’s 108th AGM
Tata Sons chairman N Chandrasekaran steps down after a six-month succession deadlock, with his term set to end in February 2027.
Business News
Yulu Raises USD 93 Mn in Series C Round Led by GEF Capital
Yulu raises USD93 million in Series C funding to quadruple its electric vehicle fleet to 200,000 and expand its urban mobility operations.
Leadership
Sudhir Sitapati Resigns as Godrej Consumer CEO, Aasif Malbari Named Successor
Godrej Consumer Products appoints Aasif Malbari as MD and CEO, replacing Sudhir Sitapati, who resigned with immediate effect.
Business News
Accel Closes Oversubscribed USD 550 Mn India Fund in Weeks
Accel has closed an oversubscribed USD 550 million India fund within weeks, 19 months after its previous fund, to back startups.
Business News
Mark Zuckerberg Announces Meta’s Muse Glimmer AI Model
Meta has released Muse Glimmer, a 30-billion-parameter open-weight AI model designed for local, offline use on consumer hardware.
Business News
Discovered Materials Raises USD9 Mn Seed Round
A USD 9 million seed round will fuel Discovered Materials’ AI-led approach to advanced semiconductor packaging.
Business News
Bakingo Raises INR100 Cr at INR1,643 Cr Valuation
Bakingo raises INR 100 crore in Series B from Faering Capital at a 2.6X valuation jump to INR 1,643 crore.
Business News
Capria Ventures Cofounder Will Poole Joins CMS as Additional Director
Will is Managing Partner and co-founder of Capria Ventures, a venture firm investing in technology
Business News
5 Key Takeaways From PM Modi’s Address at IIT Delhi’s 57th Convocation
PM Modi urged IIT Delhi graduates to keep learning, question norms and turn challenges into opportunities while contributing to ‘Viksit Bharat’.
Business News
Aum Ventures Announces First Close of India Innovation Fund II at INR 225 Cr
AUM Ventures had launched the fund in June this year with a target corpus of INR 750 crore (USD 80 million approximately)
Business News
GalaxEye Acquires StarOps, a Bengaluru-based Spacecraft Engineering Firm
Founded in 2022, StarOps aimed to develop satellite platforms and localise critical spacecraft technologies in India.
Business News
Weekly Wrap: EV, AI Catapult Funding; Ridedriver Leads with USD 102 Mn Raise
India’s startup funding jumped to USD 291.8 million across 21 rounds, alongside five acquisitions and one tech IPO during July 31–August 6.
Business News
Mahindra Incorporates Novavayu Aerospace for Aircraft Manufacturing
Mahindra Group has set up Novavayu Aerospace to expand into aircraft and aerospace manufacturing, with the new entity primarily focused on defense applications.
Business News
Ola Electric Revenue Rises to INR 455 Cr
Ola Electric saw a strong Q1 FY27, with revenue, deliveries and market share improving as the company focused on cost discipline, AI-led operations and expansion.
Business News
MSME Confidence Holds Firm at 59.3 Despite Global Uncertainties: SIDBI
India's MSMEs remained resilient in Q1 FY27, with business confidence staying positive at 59.3 despite global uncertainties, cost pressures and labour challenges.
Business News
Smallest.ai Raises USD 13 Mn in Series A Funding Led by Seligman Ventures
Smallest.ai has raised USD 13 million in Series A funding to scale its real-time voice AI technology and expand enterprise deployments.
Business News
KKR to Invest INR 13,188 Cr to Acquire Medicover’s India Hospital Business
KKR takes control of Medicover’s hospital operations in India. The acquisition adds to KKR’s investments in India’s hospital sector.
Business News
5 Things to Know About the New Air India CEO – Tewolde Gebremariam
Tewolde Gebremariam has taken charge as Air India's new CEO, bringing more than a decade of airline leadership as the carrier enters a new phase of global expansion.
Business News
BlissClub Raises INR 160 Cr in Funding Round
BlissClub has raised INR 160 crore in fresh funding to expand its product portfolio, offline retail presence and operations as it scales its athleisure business.
Business News
Microsoft Launches Fourth Datacenter Region in Hyderabad
Microsoft has launched its fourth datacenter region in India, expanding cloud and AI infrastructure in Hyderabad.
Business News
5 Things Rajiv Kumar Addressed at HDFC Bank’s 32nd AGM
At HDFC's AGM, Chairman Rajiv Kumar outlined the Bank's governance priorities, FY26 performance and six key drivers of its next growth phase.
Business News
Pinegap Raises USD 8 Mn in Series A Funding
Backed by Stellaris Venture Partners, Pinegap is scaling its AI platform that automates earnings analysis, company research and investment tracking.
Business News
Nazara Technologies to Raise INR 733.5 Cr Through Preferential Issue
Nazara Technologies has unveiled a preferential equity issue backed by Bluetile and BestPlay leadership to accelerate growth and global expansion.
Business News
Piper Serica Announces INR300 Cr First Close of Bharat Tech Fund
Piper Serica has secured over one-third of its Bharat Tech Fund target, strengthening its focus on funding Indian startups in strategic deeptech sectors.