Fintech Giant Bets on AI-Led Growth as It Reshapes Workforce Strategy Paytm is set to increase its workforce by nearly 10% as the fintech company accelerates its artificial intelligence-driven transformation. The company plans to hire around 4,000 employees over the next nine months, while simultaneously laying off approximately 400 employees, representing about 1% of its current workforce. The move reflects Paytm’s broader strategy to strengthen its merchant network, expand AI-powered products, and improve operational efficiency. The company currently employs around 40,000 people and has been steadily rebuilding its business after regulatory challenges related to its banking affiliate over the past…
Author: Aman Atulya
Quick Commerce Unicorn Moves Closer to Public Listing; Nexus Ventures Leads OFS Quick commerce platform Zepto has filed its updated draft red herring prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI), taking a major step toward its much-anticipated stock market debut. The company plans to raise ₹8,010 crore through a fresh issue of shares, while existing investors will partially exit through an offer for sale (OFS). The filing comes roughly a month after Zepto received regulatory approval for its proposed IPO. With the latest submission, the Bengaluru-based startup is moving closer to becoming one of India’s most…
India’s mobility revolution did not begin with motorcycles or automobiles. It began with a visionary who saw transportation as a tool to connect people, businesses, and communities long before modern infrastructure existed. In 1911, when motor vehicles were still rare across the country, T.V. Sundaram Iyengar took a bold leap that would eventually create one of India’s most respected business groups. Today, the TVS Group spans automobiles, components, finance, and mobility solutions, but its origins trace back to a single entrepreneur determined to solve a transportation challenge. What Problem Was T.V. Sundaram Iyengar Solving? Born in 1877 in Thirukkurungudi, Tamil…
Tata Consultancy Services (TCS) has signed a multi-year, multi-million euro technology transformation agreement with Canada Life, one of the world’s leading life and pensions insurers. The deal will see the Indian IT services giant modernise and manage Canada Life’s technology infrastructure across its European operations while strengthening TCS’s position in the rapidly growing AI-led digital transformation market. The agreement comes at a time when global insurers are increasingly investing in artificial intelligence, automation, and cloud technologies to improve operational efficiency and customer experience. For TCS, the contract reinforces its strategy of becoming a leading AI-driven technology services company while expanding…
Biotech Startup Backed by Kiran Mazumdar-Shaw Targets Global Growth After Qartemi Launch Cancer-focused biotech startup Immuneel Therapeutics has raised over ₹100 crore ($10.5 million) in a Series B funding round as it looks to scale manufacturing, expand its research pipeline, and strengthen its presence in international markets. The round attracted participation from a mix of new and existing investors, including Singularity AMC, Rainmatter by Zerodha, and several high-net-worth individuals. Existing backers such as Kiran Mazumdar-Shaw, Eight Roads Ventures, and F-Prime Capital also participated in the financing. The latest fundraise comes at a pivotal stage for the Bengaluru-based company, which recently…
For decades, Indian agriculture has faced a difficult equation. Rising input costs, declining soil fertility, unpredictable weather, and shrinking margins have pushed many farmers to abandon cultivation altogether. Yet, in Maharashtra’s drought-prone Solapur district, one engineer saw an opportunity where others saw a challenge. Sagar Khare, a mechanical engineer from Kurduwadi village, was working as a Project Engineer at global automotive giant Adient. Like thousands of professionals, he had what many considered a secure corporate career. But in 2019, he made a decision that surprised everyone around him. He quit his multinational job and returned to farming. Why Did Sagar…
New Superchip Aims to Transform Windows Laptops and Desktops Into AI-First Computing Platforms Nvidia has announced RTX Spark, a new Arm-based superchip designed for Windows laptops and desktop PCs, marking the company’s most ambitious move yet into the consumer computing market. Unveiled at Computex 2026 by CEO Jensen Huang, the chip is being positioned as a platform built for the era of AI agents, where computers can perform tasks autonomously using natural language commands. The launch represents a major strategic shift for Nvidia, which has long dominated the graphics processing unit (GPU) market but has traditionally relied on Intel and…
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…
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…