Paytm has launched ‘Pocket Money’, a new feature that enables teenagers to make UPI payments without requiring their own bank accounts, marking a significant expansion of supervised digital payments in India. Built on the National Payments Corporation of India’s UPI Circle framework, the feature allows parents and guardians to delegate controlled spending access to teenagers directly through the Paytm app while retaining complete oversight of transactions and limits. The feature is designed for everyday use cases including school and college canteens, metro travel, cab bookings, mobile recharges, and online shopping. Teenagers can make payments independently from their own smartphones without…
Author: Adarsh Kumar
State-owned power company NHPC reported a strong financial performance for the March quarter of FY26, with consolidated net profit rising over 68% year-on-year to ₹1,549.42 crore. The company had posted a profit of ₹919.63 crore in the corresponding quarter last year, according to its stock exchange filing. NHPC’s total income for the quarter also increased significantly to ₹3,120.52 crore, compared to ₹2,557.71 crore in Q4 FY25, driven by improved operational performance and higher revenue generation. For the full financial year FY26, the company reported a consolidated net profit of ₹4,220.46 crore, up from ₹3,411.73 crore in the previous fiscal year.…
Tata Consultancy Services CEO and Managing Director K Krithivasan received a 6% increase in remuneration for FY26, taking his total annual compensation to ₹28.1 crore, according to the company’s latest annual report. Krithivasan’s pay package stood at ₹26.5 crore in the previous fiscal year. The revised compensation includes: His pay ratio compared to the median employee remuneration stood at 332.8 times. The compensation hike broadly aligns with wage increases rolled out by TCS across employee levels during the year. Junior and mid-level employees in India received annual increments ranging between 4.5% and 7%, while top performers secured double-digit hikes. Overseas…
Starbucks is planning to open its first corporate office in India focused on technology operations, as the global coffee giant accelerates efforts to streamline operations and reduce costs. According to an internal message seen by Bloomberg, the new technology hub is expected to launch in the company’s fiscal year 2027, which begins in October 2026. Starbucks is currently evaluating locations in India and plans to begin hiring once the site is finalized later this year. The India office will play a key role in Starbucks’ broader strategy to bring technology functions back in-house. The company had previously outsourced several tech…
TiE Delhi-NCR concluded the 15th edition of India Innovation Day (iDay) 2026 in Gurugram, bringing together over 1,200 founders, investors, policymakers, corporate leaders, and technologists to discuss the future of India’s innovation-led economy. Held under the theme “Audacity of Now”, the event focused on India’s shift from an internet first ecosystem to an innovation-first economy powered by AI, deep-tech, biotech, space technology, quantum computing, and Bharat-focused startups. Previously known as India Internet Day, iDay 2026 featured discussions around indigenous AI infrastructure, AI-native businesses, language models, sovereign technology capabilities, healthcare innovation, and public private collaboration. A major highlight of the event…
India is preparing a major leap in semiconductor manufacturing, with the government planning to nearly double financial support for the sector to around $20 billion under the revamped India Semiconductor Mission. The proposed expansion could place India among the world’s most aggressive semiconductor investment destinations, potentially rivaling countries like South Korea, Japan, and Singapore in chip manufacturing incentives. The government has already deployed most of the original $10 billion allocation under the first phase of the semiconductor mission, which covers up to 50% of plant setup costs. The scheme has backed 14 projects, including semiconductor fabs, OSAT and ATMP facilities,…
Healthcare data platform Innovaccer has carried out a fresh round of layoffs impacting 340 employees globally as the company accelerates its transition toward becoming an AI-native organisation. The development surfaced through an internal email from founder and CEO Abhinav Shashank that began circulating on social media platforms, including Reddit. In the email, Shashank described the layoffs as part of a broader organisational restructuring driven by AI adoption and automation. The company later confirmed the move, stating that the restructuring is aimed at building a leaner and faster operating structure focused on measurable outcomes. “As part of a global organisational change,…
Global investment platform Lightrock has launched Accelerate7, a $500 million fund focused on scaling startups working in clean energy, electric mobility, energy storage and clean cooking solutions across emerging markets. According to a Bloomberg report, the London headquartered firm will invest in growth-stage companies across South Asia, Southeast Asia and Sub-Saharan Africa. The fund plans to deploy cheque sizes ranging between $10 million and $50 million. Accelerate7 will primarily focus on sectors including electricity access, clean cooking infrastructure, electric mobility and energy storage segments witnessing rising investor interest amid the global transition towards cleaner and more sustainable energy systems. The…
Devotional-tech startup DevDham, formerly known as DevDarshan, has shut down operations nearly two years after raising its seed funding round in January 2024, according to sources familiar with the matter. The Gurugram based startup’s website is currently inaccessible, while users are also unable to log into its mobile application, indicating a complete halt in platform activity. Multiple people aware of the development told Entrackr that the startup had remained largely inactive over the past few months. The shutdown also comes amid key founder departures from the company. According to sources, co-founder Suyash Taneja exited the startup in March 2026. His…
Ola Electric is strengthening its manufacturing and battery ambitions with a fresh capital infusion of Rs 2,000 crore into its key subsidiaries. According to a stock exchange filing, the board of Bhavish Aggarwal-led Ola Electric has approved investments into its wholly owned subsidiaries Ola Electric Technologies Private Limited (OET) and Ola Cell Technologies Private Limited (OCT). The company will invest Rs 1,500 crore into OET and another Rs 500 crore into OCT through compulsory convertible preference shares issued at par. The filing stated that the proceeds will be used to support operational and business requirements across both entities. OET serves…