Hundreds of paid workers in GM's IT department have been let go as layoffs have started. The move comes as the US carmaker tightens its grip on costs and reevaluates its workforce needs in certain areas. Roughly 500 to 600 employees worldwide are projected to be impacted by
The gold price today in India is ₹1,52,500 per 10 grams for 24-carat gold, down 0.42% from Monday. The silver price today in India has crashed from ₹4,300 to ₹2,62,730 per kg after hitting a high of nearly ₹2,82,000 earlier in the
India’s automotive market kicked off FY27 on a high note, with April 2026 auto sales recording strong growth across segments. The surge was largely driven by rising demand for electric vehicles (EVs) and sport utility vehicles (SUVs), reflecting a clear shift in consumer preferences. The month saw impressive traction
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In this interview, Kulmani Rana of Fibonacci X shares insights on VenturEdu’s unique founder-building model, India’s evolving startup funding landscape, family office investments, M&A opportunities, and what early-stage founders need to build scalable, investor-ready ventures in 2025–26.
Staff layoffs, reorganisation of management, and increased use of AI throughout internal processes are all part of GitLab's massive organisational change, which the company has disclosed. This move is being made by the software corporation in preparation for the ever-changing world of AI-driven development. On May 11th, the
The Seattle headquarters of Starbucks has laid off 61 corporate technology employees. Last week, the company's Worker Adjustment and Retraining Notification filing revealed that this action is being made as part of a comprehensive operational revamp under CEO Brian Niccol. With the layoffs underway, the worldwide coffee company
Welcome to StartupTalky’s 2026 Indian startup funding updates. This article provides a clear and easy overview of the latest startup funding news in India throughout the year. Our weekly funding tables, updated regularly, track how much funding each startup has raised, the sectors they operate in, the key investors
Indian startup activity on 11 May 2026 was led by healthy packaged foods and fintech, with one notable funding round and a clutch of IPO and listed-company updates. Wingreens Farms closed a ₹120 crore Series D and acquired Safe Harvest in a share-swap deal. On the public markets front, InCred
As part of its internal reorganisation in preparation for its anticipated initial public offering (IPO) next year, Google-backed edtech giant Adda247 has fired 20% of its staff, or about 200 people. The layoffs affected workers in a wide range of departments, according to news accounts. Employees in departments like product,
India’s RBI is cracking down on dark patterns in digital banking. From hidden fees to manipulative consent flows, the new 2026 regulations force banks and NBFCs to prioritize transparency, fairness, and user trust over conversion-driven design.
In order to fund further expenditures in artificial intelligence, Commerzbank intends to let off 3,000 employees. The move was made as the second-largest listed bank in Germany fortified its defences against a takeover bid by UniCredit of Italy. On May 8, the Frankfurt-based bank announced the layoffs as part
About 70 people, or about 15% of Truecaller's employees, will lose their employment. This comes after the company had a rough first quarter, posting sharp drops in sales in India as well as lower advertising income and overall pressure on its fundamental business model. The caller ID firm
Kathy's Beverages Pvt Ltd, the parent company of Mumbai-based bubble tea and beverage brand Bobakat, has raised ₹6 crore (approximately USD 638,000) in a Pre-Series A funding round to fuel a nationwide retail expansion and accelerate product innovation, the company announced Monday. The fresh capital will be
Oracle is currently experiencing an increase in criticism from former employees as a result of the mass termination of approximately 20,000 employees. The layoff has resulted in disputes regarding severance terms, forfeited stock compensation, and labour protection regulations. Employees in the US, India, and other foreign locations were hit
Sindhuja Microcredit, a new generation digital and rural-focused microfinance institution (MFI) providing financial services to self-employed women entrepreneurs, has raised $5 million (INR 47 crores) in a Pre Series D funding round. Existing investors Abler Nordic, GAWA Capital (through its vehicle Huruma Fund) and Oikocredit have participated in this round.
SustainKart rose as India’s promising green commerce startup but shut down amid financial strain, founder disputes, and legal controversy. Here’s the full story behind its dramatic collapse.
Three of Porsche AG's companies will be closed, and over 500 jobs will be eliminated. The German luxury automaker is taking this action as part of its reorganisation to put greater emphasis on its primary business. This shift is a major strategic rethink for Porsche, as it is
Welcome to StartupTalky’s 2026 US funding updates. This article offers a clear and structured overview of the latest investment activity in the United States throughout the year. Our weekly funding tables, updated regularly, track how much funding companies have raised, the industries they operate in, key investors involved, and
India’s largest public sector lender, State Bank of India (SBI), has reported a steady rise in profits for both the full financial year FY26 and the March quarter, reflecting stable loan growth and improving asset quality. However, the bank’s shares saw a sharp decline following the announcement, signalling
Thousands of long-serving Microsoft employees in the US now have the option to voluntarily leave the company. Consequently, this is the first retirement buyout programme that the corporation has ever run in its fifty years. After being discussed internally last month, Microsoft's HR systems have officially detailed the
Quick commerce major Zepto has secured the Securities and Exchange Board of India's (SEBI) approval for its proposed initial public offering worth around ₹11,000 Cr to ₹12,000 Cr (about $1.2 billion), clearing a key regulatory hurdle for what is set to be one of India&
Thursday, 8 May 2026, was a quiet day for startup funding, with only one deal closing. Business news, however, was packed. Zepto received SEBI's approval for its $1.2 billion IPO, becoming one of the most closely watched public market events in India's quick commerce space.
About 750 permanent workers in the passenger and commercial vehicle divisions of Tata Motors have been offered the opportunity to retire voluntarily (VRS). This will be the first exercise of its kind for the firm since its reorganisation in 2025. After unions representing workers at Tata Motors plants requested a
Roughly 1,000 positions will be eliminated worldwide at Fidelity Investments. The move is part of the financial services provider's effort to reorganise its product and technology operations in preparation for a new delivery model. Out of a total of 80,000 employees around the world, around 1%
Worldwide, more than 1,100 workers will be let go by Cloudflare. In preparation for what business leaders are calling the "agentic AI era", the cybersecurity and cloud infrastructure firm is reorganising its operations. Layoffs were revealed in an internal memo that was emailed to staff on 7
From coding a video game at 12 to building Tesla, SpaceX, and xAI, Elon Musk’s journey is one of relentless innovation. Explore his biography, net worth, companies, achievements, controversies, and how he became one of the world’s most influential entrepreneurs.
Verizon has started laying off workers again in the US. The telecom group has already eliminated 13,000 positions across the board, and now it is laying off hundreds more. In an interview with a news outlet, the telecom company confirmed the most recent layoffs but refused to provide a
From selling Bruce Lee posters on Delhi sidewalks to becoming India’s most recognized gifting brand, Archies’ journey is a remarkable story of vision, reinvention, and emotional connection. Here’s how a ₹5,000 loan built a gifting empire.
How India's most-watched podcaster turned the worst week of his career into a 15-month engineered rehabilitation — and what it teaches us about reputation, PR, and the modern internet.
Indian startups saw a steady flow of capital on 7 May 2026, with spacetech, robotics and quick home services drawing investor attention. Skyroot Aerospace led the day, bagging $60 million to become India's first spacetech unicorn. Pronto wrapped up a $45 million Series B at a doubled valuation,
SEBI has received the updated draft red herring prospectus (UDRHP-I) from InCred Holdings, the parent company of InCred Financial Services, a prominent NBFC. The public offering of the company's stock will include both a new issuance of shares up to INR 1,250 Cr and an OFS of
Hyderabad-based Skyroot Aerospace has raised $60 million in a Series C funding round on May 7, 2026, vaulting the small-satellite launch vehicle developer to a post-money valuation of $1.1 billion and making it India's first space-tech unicorn. The round was led by Sherpalo Ventures, GIC, BlackRock, Arkam
The Nissan plant in Sunderland, United Kingdom, will consolidate production lines and eliminate 900 jobs around Europe. The move is part of a larger restructuring effort by the Japanese automaker to cut surplus capacity and increase efficiency. The Sunderland plant, which produces the Leaf, Juke, and Qashqai models, will combine
A number of Nike's technology-related offices are being shuttered in Atlanta, China, and Poland, and others are being moved to Portland. As part of a larger restructuring plan, the sportswear firm is taking this action, which is anticipated to result in the loss of approximately 1,400 jobs.
Backed by the FPL Group's 35-year entrepreneurial legacy, the Chennai-based quant fund targets USD 1 billion in AUM and full-service wealth management status by 2030 CHENNAI, Tamil Nadu, May 6, 2026 — PinSec.AI, the AI-native financial services arm of the FPL Group of Companies, today announced it has
Mother’s Day is not just about flowers and cards, it is about expressing gratitude and love through thoughtful gestures. Whether your mum prefers luxury, wellness, art, or practicality, this curated list brings together some of the most meaningful and premium gifts from homegrown Indian brands. Celebrate her with something
Andhra Pradesh's industry and manufacturing aspirations have been greatly enhanced by the selection of AP for the new production expansion project by renowned motorbike maker Royal Enfield. Consequently, this is the first significant expansion outside of Tamil Nadu for the corporation since its founding in 1901. A state-of-the-art
Discover how Real Madrid generates billions through media rights, sponsorships, stadium revenue, merchandising, and digital expansion.
Meesho is quickly integrating AI into its foundational processes. Aatrey, the chief executive, recently announced that artificial intelligence tools now generate over 70% of the company's code. This revelation demonstrates how Indian IT companies are boosting the efficiency, speed, and scalability of their engineering and product development processes
India’s chai culture is evolving with startups like Chaayos, Chai Point, MBA Chaiwala, and Teabox redefining tea through innovation, technology, sustainability, and modern café experiences across India and beyond.
Lachy Groom, co-founder of Physical Intelligence, leads $20 million extension; platform now processes 26,000 bookings daily
Coinbase is restructuring its management and laying off 14% of its employees. The move comes as the Bitcoin exchange, now led by CEO Brian Armstrong, speeds up its shift to an AI-first operational strategy. Approximately 700 workers may be impacted by the reorganisation, according to Coinbase's most current
Live voice translators have redefined personal and professional communication in 2026, converting spoken words bidirectionally in real-time through apps, earbuds, or browser interfaces for natural, interruption-free conversations. These devices and software combine cutting-edge speech recognition, contextual translation, and voice synthesis to handle everything from casual travel chats to high-stakes business
Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, has invested USD 15 million in Eversource-backed Ecofy, a Reserve Bank of India (RBI)-registered NBFC specialising in financing green products. Founded in 2022 by Rajashree Nambiar and Govind Sankaranarayanan, and backed by Eversource Capital, British International Investment, FMO
Indian startups attracted capital across deep tech, climate finance, medtech, enterprise AI, fintech, and employment infrastructure on Tuesday. The day's largest raise came from fabless semiconductor startup BigEndian Semiconductors, which secured $6 million (~₹51 crore) in a pre-Series A round led by IAN Alpha Fund. Climate-focused NBFC Ecofy
Discover the top Bollywood celebrities investing in startups and brands, from Shah Rukh Khan to Alia Bhatt, and explore how India’s biggest stars are shaping business, innovation, and entrepreneurship.
Jerome Powell’s journey from lawyer and investment banker to Federal Reserve Chair reflects decades of leadership in finance, policymaking, and economic governance, making him one of the most influential figures in U.S. monetary policy today.
A subsidiary of BMW that operates out of South Carolina's massive manufacturing complex is planning to lay off about 100 workers. This is just the latest blow to the state's car supply chain ecosystem in terms of job cuts. The South Carolina Department of Employment has
As the software company speeds up its transformation powered by artificial intelligence, Freshworks will slash about 500 workers worldwide. In response to industry-wide advances in enterprise technology, the company is reorganising its operations. On May 5th, the business announced that it would be laying off about 11% of its employees.
The Indian government announced the Emergency Credit Line Guarantee Scheme 5.0 (ECLGS 5.0) on the evening of 5th May 2026, extending collateral-free top-up loans to MSMEs absorbing the economic shock of the Iran war crisis. Confirmed via an official PIB notification, the scheme allows eligible businesses to borrow
In an effort to streamline operations and improve long-term growth, newly hired chief executive Enrique Lores is launching a turnaround efforts at PayPal, which might lead to layoffs and reduced spending. The business has stated that it plans to save $1.5 billion in the next 2-3 years. In the
As part of its Project Leap reorganisation effort, Cognisant may cut 12,000 to 15,000 positions worldwide. Consequently, the worldwide IT services business is bracing for yet another massive staff reset. As part of a larger reorganisation plan, Cognizant has allocated up to $270 million to cover expenses connected
As part of its strategy to expand its AI-powered fleet safety business, Netradyne, which is backed by SoftBank, has purchased Moove Connected Mobility, increasing its footprint in Europe. With this acquisition, Netradyne's edge intelligence platform and Moove's local presence and clientele in key European markets will
Armory, one of India’s fastest-growing defence-tech companies, has reached a significant milestone by becoming among the first startups of its scale to secure a landmark INR 100 crore order from the Ministry of Defence (MoD) for its AI-powered SURGE Counter-Unmanned Aircraft System (C-UAS). This contract was awarded following a
Porsche India, a division of Škoda Auto Volkswagen India Private Limited (SAVWIPL), has appointed Ashutosh Dixit as Brand Director, Porsche India, with immediate effect. Throughout a distinguished career across India, China, and Europe, Ashutosh Dixit has held several leadership roles, building deep expertise in strategy, sales operations, and brand development.
Biocon founder and chairperson Kiran Mazumdar Shaw has reportedly chosen her niece, Claire Mazumdar, as her successor to lead India's largest biotechnology company. The succession announcement marks a significant development for the Bengaluru-based pharmaceutical giant, which has been at the forefront of India's biotech revolution for
Gold and silver prices in India on 5 May 2026 are witnessing mixed trends, influenced by global cues, inflation concerns, and geopolitical developments. While gold is holding relatively steady on the Multi-Commodity Exchange (MCX), silver has shown volatility after recent sharp corrections. According to the latest market data, MCX gold
Legal tech and lifestyle brands attracted capital today as Indian startups raised funds across diverse sectors. Legal AI platform Jurisphere secured ₹21 crore, while luxury innerwear brand MHYTH bagged ₹5 crore in pre-seed funding. Meanwhile, Dream Sports launched a stock broking platform, Dream Street, as it diversifies beyond gaming. Daily
The Chan Zuckerberg Initiative is reshaping philanthropy through science, education, and technology. Founded by Mark Zuckerberg and Priscilla Chan, CZI focuses on long-term innovation to tackle global challenges in health, learning, and community impact.
Online platforms that hire gig workers are implementing a range of tech-driven solutions, infrastructure enhancements, and welfare measures as the temperature rises across the country. Many online retailers are pledging to do more to protect their delivery drivers and employees. These platforms include Amazon, Zomato, Blinkit, Swiggy, BigBasket, and Flipkart.
Explore the best AI remote desktop software in 2026. Compare TeamViewer, AnyDesk, RustDesk, Splashtop, and more to find the right remote access solution for secure work, IT support, and seamless collaboration from anywhere.
Major cities like Mumbai, Bengaluru, and the National Capital Region are experiencing a scarcity of workers for on-demand house-help platforms like Snabbit, Pronto, and Urban Company's Insta Help. This resulted in reduced availability and appointments that had to be rescheduled or cancelled. Users have complained about having trouble
There will be major shifts at Reliance Industries as the company prepares to increase production of liquefied petroleum gas (LPG). War in the Middle East and the subsequent interruption of vital import channels have exacerbated India's already dire energy situation, prompting the country to make this strategic shift.
Financing a pre-owned car can be a smart, affordable way to own a vehicle, but the car's age plays a key role in loan approval and interest rates. Lenders closely evaluate the vehicle's age, as older cars tend to depreciate faster and may have higher maintenance
Discover the best open-source threat intelligence tools for 2026. Compare features, pricing, and use cases for tools like MISP, OpenCTI, TheHive, VirusTotal, and more to help creative teams improve security without slowing workflows.
Luxury innerwear, clothing and lifestyle brand MHYTH has raised INR 5 crore (~$600,000) in a pre-seed funding round backed by a Mumbai-based single-family office, led by businessman Mohammed Asief Khan. The round follows an earlier angel raise in December 2024 with participation from Mumbai-based Asset Management firm - Nine
With its shutdown, Ask.com, one of the first internet search platforms, has put a stop to the popularisation of question-based queries. A message on the website stated that the service was no longer available as of May 1, 2026. This shutting down marks the end of an era for
Growth spending gets a lot of attention in startups, but not always the right kind. Founders usually watch the big numbers: customer acquisition cost, return on ad spend, payroll, and software budgets. What gets missed are the smaller inefficiencies that pile up inside those categories and quietly slow growth. After
Meta has acquired US-based startup Assured Robot Intelligence (ARI) in a move that underlines its growing focus on humanoid robotics and “physical AI”. The deal, confirmed in early May 2026, comes as the company expands beyond its core social media and AI software business into machines designed for real-world tasks.
As part of a broader restructuring initiative, Estée Lauder intends to cut up to 10,000 jobs worldwide. The layoffs could result in yearly savings of up to $1.2 billion, all while improving its profit forecast. The most recent reductions, which result in an additional 3,000 positions beyond
Monday, 4 May 2026, was a strong day for Indian startup funding, with capital flowing across skincare, menstrual health, bank locker infrastructure, semiconductor AI, ethnic wear, food, and personal data. Fireside Ventures made two separate Series A bets in CHOSEN and Kisah in a single day, signalling continued conviction in
In order to design and construct India's first satellite data centre in orbit, Pixxel and Sarvam formed a strategic alliance on May 4th. Planetary intelligence firm Pixxel constructs and manages a fleet of cutting-edge imaging satellites. The Pathfinder satellite will be developed, manufactured, launched, and operated by Pixxel
India’s premium and authentic staples brand specializing in A2 Gir cow ghee and organic pantry, has secured investment from Aman Gupta through SailThru Ventures. Founded by content creator and entrepreneur Gaurav Taneja (Flying Beast) along with Ankur Tyagi and Sumit Mishra, the brand is building a strong presence in
Due to a lack of funding, Spirit Airlines has decided to cease all operations. Thus, one of the major U.S. low-cost carriers came to a sudden end. More importantly, the movement will result in the layoff of about 17,000 workers. According to multiple news outlets, the airline grounded
A deal for $55.5 billion has been proposed between video game retailer GameStop and online marketplace eBay. The proposed acquisition would put eBay's share price at $125.00, which is 20% more than the company's closing price on May 1st. Since last week, GameStop has
After ex-employees said they waited a long time to get full and final compensation, SpiceJet came under new scrutiny. Workers assert that over 500 former employees are still waiting for payment, despite being long gone from the organisation. In light of the airline's persistent financial and operational problems,
Menstrual hygiene focused startup HealthFab has raised Rs 20 Crore in Series A from Atomic Capital. Funds raised will be strategically deployed for expanding its holistic period care product portfolio, scaling distribution including quick commerce, and expanding manufacturing capacity to support growth. Founded in 2019 by Kiriti Acharjee, Sourav Chakrabarty,
The auto PLI system has several serious problems, and the Confederation of Indian Industry (CII) has called for simpler regulations to help new electric vehicle companies get off the ground and stimulate innovation. In a letter sent to the PMO and the MHI, a group of six electric vehicle startups
For the months of June and July, Air India will cut back on its international flight operations due to the dramatic increase in the price of aviation turbine fuel (ATF). Moreover, media reports indicate that multiple routes are no longer profitable due to the continued airspace restrictions. Managing Director and
According to VAHAN data, Ola Electric reported a noteworthy month-over-month increase in April 2026. The company's registrations increased from 10,133 units in March to 12,166 units. The updated figures were made public by the firm on 30 April. In a statement, Ola Electric stated that this
Tim Cook, Apple's outgoing CEO, expressed his utmost enthusiasm for the country of India, where the company's Mac, iPad, and iPhone divisions are all experiencing double-digit growth with plenty of space to expand. Regardless of this growth, Apple's market share in the world'
In a deal worth approximately INR 325 crore, Accenture leased over 6 lakh sq ft of office space in Pune for installing a global capability centre (GCC). The deal, so, represents one of the year's largest commercial real estate deals in the city. Space at Phoenix Millennium Towers
In an antitrust lawsuit involving allegations of abuse of power in the apps marketplace area, Apple, creator of the iPhone, allegedly requested the Delhi High Court (HC) to prevent the Competition Commission of India (CCI) from setting a final hearing. Apple allegedly accused the watchdog of going beyond by requiring
Amazon, the e-commerce juggernaut, is seeing robust expansion in the realm of fast commerce. Amazon Now, the company's fast commerce platform, is experiencing 25% MoM growth in orders in India, according to CEO Andrew 'Andy' Jassy during the Q1 earnings call. The number of orders processed
A trading business is one of the simplest ways to earn a profit in India. The model is straightforward: buy goods at wholesale prices and resell them at a markup. No manufacturing, no complex processes, and no large team required. It is no surprise that trading businesses are among the
India’s startup ecosystem saw steady funding activity on 30 April 2026. Startups across deep tech, fintech, AIoT, and clean energy raised fresh capital. Investors continued to back early and growth-stage companies with a strong product focus. Daily Indian Startup Funding Roundup - 30 April 2026 Startup / CompanyFunding AmountLead InvestorsCtruh$
JSW One Platforms Limited, India’s leading tech-enabled B2B commerce platform for construction and manufacturing MSMEs, today announced the acquisition of BuildNext Construction Solutions Private Limited (BuildNext), a home design and project management company. The acquisition builds on JSW One’s existing home construction platform, JSW One Homes, and marks
With an investment target of more than INR 10,000 cr, the "AI Policy 2026" has been authorised by the Maharashtra cabinet. In addition, by 2031, the government aims to have created 1.5 lakh jobs. The objective of the state is to establish itself as a national
In its US advising sector, KPMG has laid off almost 400 consultants. Demand is falling across critical service lines associated with regulatory risk, customer operations, and financial services, prompting this action. The layoffs were confirmed to a media outlet and affect about 4% of the advisory team. On April 29th,
Amazon to Recruit 11,000 Engineers in 2026 Following Mass Layoffs Amazon is planning to hire 11,000 software developers, interns, and engineers this year. The development came just weeks after cutting about 30,000 jobs in late 2025 and early 2026. The change was announced by AWS CEO Matt
Explore the top AI schema generators of 2026 that turn plain text into database schemas, ER diagrams, and SQL instantly. Compare features, pricing, and best use cases to choose the right tool for faster database design.
For the first three months of 2026, Meta's profits surged. But even though profits have gone up, it plans to lay off some 8,000 workers. The company has justified the layoffs by saying they are necessary to boost productivity and fund their growing investment in AI. The
Exfinity Venture Partners, an early-stage investor in Deep-Tech & B2B tech, has made a partial exit from its investment in cybersecurity platform CloudSEK, delivering a 13x multiple on invested capital (MOIC) and an internal rate of return (IRR) of more than 40%. The transaction was executed as a secondary sale
Explore the top AI image generation tools in 2026 that turn text prompts into stunning visuals. Compare features, pricing, pros, and best use cases to find the right AI art generator for your creative needs.
* Ctruh is a Bengaluru-based deep-tech startup simplifying 3D content creation on the web by building the infrastructure layer for the spatial internet through its proprietary browser-native 3D engine and VersaAI, inhouse generative AI Engine * The funds will be strategically allocated towards R&D and Product Development, and scaling Go-To-Market
Explore the top AI deepfake detection tools of 2026 that help identify fake images, videos, and synthetic media. Compare features, pricing, pros, and best use cases to choose the right solution.
In a country where the food business is booming, starting a restaurant is still a complex and often confusing process. From selecting the right equipment to designing an efficient kitchen, many aspiring entrepreneurs struggle to turn their ideas into reality. This is exactly the problem that Gurubhai Equipments set out
In today’s time, due to the presence of automated traffic systems that monitor all kinds of violations, getting stopped for a challan is almost non-existent. This results in your chances of getting a Challan SMS being much higher than those of getting tapped on the window by a traffic
Indian startups saw strong funding activity across sports tech, fintech, SaaS, and climate tech today. The day was led by SportVot and Sahi, with multiple early-stage deals also closing. Key business updates included leadership exits at Cars24, regulatory action impacting WhatsApp, and fresh developments in the Reliance Communications case. Daily