Mukesh Ambani's Reliance Consumer, the FMCG division of the billionaire, announced on 16 January that it has bought the global rights of multinational brands like Brylcreem, Toni & Guy, and Badedas. On the same day, Reliance Industries also announced its financial results for the quarter that concluded on
IT giant Wipro announced on 16 January that it now anticipates hiring 7,500–8,000 graduates for the current fiscal year (FY26), a decrease from its initial goal of 10,000–12,000. The change follows subdued third-quarter performance, in which the Bengaluru-based company hired just 400 new employees.
Coca-Cola anticipates that India will rank as its third-largest market by volume in the upcoming years; hence, the company is assessing acquisition options there. The Coca-Cola Company, an international beverage company with headquarters in Atlanta, is searching for acquisitions in India. Through these acquisitions, the firm aims to grow into
India’s startup ecosystem continues to see vibrant activity in January 2026, with major developments across space tech, online knowledge platforms, and auto-tech sectors. Space startup Ethereal Exploration Guild (EtherealX) raised $20.5 million in Series A funding to develop its first fully reusable medium-lift launch vehicle, Razor Crest Mk-1.
After Barrett Zoph’s exit as CEO, Mira Murati appointed an Indian-origin computer scientist as the new CTO. Here's all you need to know about Soumith Chintala.
The Central Consumer Protection Authority (CCPA), a consumer watchdog, fined Amazon, Meesho, Meta, and other e-commerce sites for selling walkie-talkies illegally, claiming that thousands of listings violated consumer and telecom regulations. In addition to a number of smaller merchants and websites, the CCPA reported that it discovered over 16,900
Vikram Chopra, CEO and cofounder of CARS24, stated that the company hopes to go public in the next six to twelve months amid the current startup IPO boom. In order to support its attempt to break into the $200 billion used car industry, Chopra emphasised notable improvements in the startup&
Anthropic, a prominent artificial intelligence company, has appointed Irina Ghose, former managing director of Microsoft India, as managing director to spearhead its Indian operations, reflecting its strategic expansion initiatives. According to a release, the hiring coincides with Claude's parent company preparing to launch its first office in India
- The Bill & Melinda Gates Foundation decides to shut down entirely by 2045. - The foundation wants to redirect (money from the job cuts) to healthcare, education, and women's welfare. - CEO Mark Suzman says the foundation wants "to improve millions more lives over the next 20 years."
* India’s FinTech sector raised a total of $2.4B in 2025, ranking 3rd globally after the US and the UK * The ecosystem witnessed 4 $100M+ funding rounds, led by Groww, Weaver, and Raise * Early-stage funding stood at $1.2B in 2025, up 78% from $667M in 2024 * The year
In an attempt to increase innovation as it integrates AI into its operations, consulting behemoth McKinsey plans to hire liberal arts candidates that it had previously deprioritised. According to Bob Sternfels, global managing partner at McKinsey & Company, the firm is beginning to identify which backgrounds tend to generate the
In honour of its 25th anniversary, the Wikimedia Foundation announced on January 15 that it has reached agreements with many AI firms. Wikipedia, a free online knowledge base and online crowdsourced encyclopaedia, is owned by the Wikimedia Foundation. Leading AI companies like Amazon, France's Mistral AI, Meta Platforms,
India’s startup ecosystem may be facing global headwinds, but Zerodha Founder and CEO Nithin Kamath believes optimism is not just necessary, it is essential. In a recent LinkedIn post shared on National Startup Day, Kamath addressed growing concerns around India’s economic growth and geopolitical instability. He acknowledged the
The Board of Directors of Jio Financial Services Limited (“JFSL”, also referred to as the “Company”), at its meeting held in Mumbai today, approved the unaudited financial results for the third quarter of the financial year 2025-26, ended December 31, 2025 (Q3 FY26). Key financial highlights for the quarter ended
Following weeks of consumer and political outrage as well as regulatory probes, Elon Musk's xAI said late on 14 January that Grok will no longer be able to produce sexualised photos of actual people on its social network X based on user inputs. In a tweet released through
India’s startup ecosystem continues to demonstrate strong momentum in January 2026, with significant funding across edtech, fintech, climate tech, proptech, deep tech, and logistics sectors. Notable investments include Emversity raising $30 million in Series A funding to expand its skill-based higher education programmes, GrowthPal securing $26 million to scale
In order to acquire a record 2.85 million soil carbon credits linked to regenerative agriculture methods in the US, Microsoft has partnered with Indigo Carbon. The action coincides with the Satya Nadella-led company's goal to become "carbon negative" by 2030. However, recently Microsoft's
Accel-backed startup Pync has ceased operations because to growing competition in the quick home services market. According to a statement from rival Snabbit, Pync's three cofounders—Harsh Prateek, Mayank Sahu, and Dev Priyam—have recently joined the company. All three co-founders have joined in at senior positions spanning
RenewCred (Net Zero Initiative Private Limited), a climate-technology company building India’s first fully digital, science-led carbon credit standard and registry for the voluntary carbon market, has successfully closed its ₹4.25 crore seed funding round, comprising a mix of equity and grants. The round was led by Campus Angels
As financial institutions accelerate digital transformation, a quieter shift is unfolding behind the screens, one that has less to do with visual design and more to do with how core product journeys are being rebuilt. Industry studies over the past few years have consistently shown high abandonment across onboarding, activation,
On January 14, the Reserve Bank of India (RBI) gave Sumitomo Mitsui Banking Corporation (SMBC) of Japan "in-principle" approval to establish a wholly-owned subsidiary (WOS) in India. With four branches in Bengaluru, Chennai, Mumbai, and New Delhi, SMBC presently operates banking activities in India via branch format. With
Roadgrid raises ₹12 Crore in a Pre-series A round from Inflection Point Ventures and other investors. The round marks a significant milestone in RoadGrid’s mission to create India’s largest and most accessible EV charging ecosystem. The round saw participation from a strong group of strategic and angel investors,
GrowthPal, co-founded by Maneesh Bhandari, Shalu Mitruka and Amaresh Shirsat today announced a $2.6 million funding round to accelerate its AI-powered M&A copilot for deal sourcing and execution. The round was led by Ideaspring Capital with participation from prominent angel investors globally. The new capital will support
The new labour code has resulted in exceptional costs totalling more than INR 4,373 crores for Tata Consultancy Services (TCS), Infosys, and HCLTech. As a result, the third quarter ending December 31 saw a sharp double-digit drop in profitability for the three largest IT services companies in the nation.