Google to Pay $920 Million Monthly for AI Compute Capacity as SpaceX Expands Infrastructure Business Elon Musk-led SpaceX has secured another major artificial intelligence infrastructure deal, signing a multi-year cloud services agreement with Google just days before its highly anticipated initial public offering (IPO). The agreement further strengthens SpaceX’s growing position in the rapidly expanding AI infrastructure market and adds another high-profile customer to its portfolio. According to regulatory filings, Google will pay approximately $920 million per month for access to SpaceX’s computing infrastructure from October 2026 through June 2029. The deal follows a similar agreement recently signed with AI…
Author: Aman Atulya
Jaishankar Sees Japanese Conglomerate Playing Key Role in India’s Growth Story Japanese trading and investment giant Sumitomo Corporation could play a significant role in helping achieve the ambitious target of ¥10 trillion in Japanese investment into India over the next decade, External Affairs Minister S. Jaishankar said after meeting the company’s Chief Executive Officer, Shingo Ueno, in New Delhi. The statement comes amid growing economic cooperation between India and Japan, with both countries deepening ties across manufacturing, infrastructure, technology, supply chains, and clean energy. Sumitomo, one of Japan’s largest integrated trading companies, already has a strong presence in India through…
India’s beverage market is changing rapidly. Younger consumers are increasingly looking for alternatives that deliver the experience of social drinking without alcohol, excess sugar, or artificial ingredients. This shift has opened a new opportunity for ready-to-drink (RTD) mocktails and premium mixers, a category that remains relatively underpenetrated compared to global markets. Amid this transition, PEEYO has emerged as one of the fastest-growing homegrown players in the segment. Founded in 2023 by siblings Divyashakti Vardhan Singh and Rajnandini Sagar, the Indore-based startup was created to address a clear market gap: premium, flavour-rich, ready-to-drink beverages designed specifically for modern Indian consumers. What…
Quick Commerce Startup Says It Fully Cooperated With Authorities and Had No Direct Role in Advertiser Activities Quick commerce platform Zepto has clarified its position regarding an Enforcement Directorate (ED) investigation linked to offshore betting platform Parimatch, following reports that the agency had sought information from the company as part of its ongoing probe. The startup stated that it has fully cooperated with investigators and shared all information available to it regarding the matter. The development comes as Indian enforcement agencies continue to tighten scrutiny of offshore betting and gaming platforms that allegedly target Indian consumers through digital channels. While…
Hardeep Singh Puri Unveils High-Ethanol Fuel as India Expands Alternative Energy Push India has officially launched E85 fuel, a petrol blend containing 85% ethanol and 15% petrol, marking a major step in the country’s transition toward cleaner and domestically produced transportation fuels. Union Petroleum and Natural Gas Minister Hardeep Singh Puri launched the fuel at an Indian Oil outlet in New Delhi as part of the government’s broader flex-fuel mobility strategy. The launch aligns with India’s efforts to reduce dependence on imported crude oil, strengthen energy security, and create additional demand for domestically produced ethanol. E85 fuel is specifically designed…
The Government of India has appointed economist Neelkanth Mishra as the country’s next Executive Director at the World Bank, strengthening India’s representation at one of the world’s most influential multilateral financial institutions. The appointment was approved by the Appointments Committee of the Cabinet (ACC) and will be for a period of three years from the date he assumes office. Mishra will succeed Parameswaran Iyer, whose tenure has been extended temporarily to ensure a smooth transition and continuity in India’s engagement with the institution. The move comes at a time when global economic uncertainty, infrastructure financing needs, and development priorities are…
Government Steps In as West Asia Crisis Drives ATF Price Volatility The Union Cabinet has approved a one-time budgetary support package of ₹10,000 crore to help stabilise Aviation Turbine Fuel (ATF) prices, providing relief to airlines and oil marketing companies (OMCs) grappling with rising fuel costs amid the ongoing West Asia crisis. The decision comes as disruptions in global energy markets and supply chains have pushed aviation fuel prices higher, increasing operational costs for airlines and raising concerns about airfare inflation. The government’s intervention aims to reduce the impact of fuel price volatility on the aviation sector while ensuring continued…
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India’s beauty market was once dominated by either chemical-based cosmetics or traditional Ayurvedic products that lacked premium appeal. While Ayurveda had centuries of credibility, very few brands had successfully transformed it into a luxury experience for modern consumers. How Did Mira Kulkarni Rebuild Her Life After Personal Setbacks? At the age of 20, Mira Kulkarni chose marriage over higher education. Life, however, took an unexpected turn. Her marriage ended in divorce, leaving her to raise two children alone. By the age of 28, she had also lost both her parents. To support her family, she rented out part of her…
PRISM, the parent company of hospitality technology firm OYO, has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO), marking a significant step in its renewed public market ambitions. The company had confidentially filed its draft red herring prospectus (DRHP) in December 2025 after securing shareholder approval to raise up to ₹6,650 crore through a fresh issue of equity shares. According to sources, the offering could value PRISM between $7 billion and $8 billion. Company Prepares for Next Phase of Listing Process Following the approval, PRISM is expected to file an…