Visakhapatnam will be home to a new information technology development centre and a Global Capability Centre (GCC) thanks to an invitation from the government of Andhra Pradesh to the international consultancy firm Capgemini. Government officials have estimated that this action might create 20,000 new jobs in the area. Andhra
Block, a global payments business, has laid off dozens of people in the marketing and communications departments in Australia. The step is taken as part of a larger reorganisation that will result in the elimination of about 4,000 jobs globally. Industry estimates place the number of local full-time positions
India’s startup ecosystem saw notable activity across digital health and D2C food brands on 12 March 2026. Consumer health platform Mosaic Wellness raised ₹200 crore from 360 ONE, while boAt co-founder Aman Gupta invested in premium confectionery startup Fulva to support its expansion. Meanwhile, key business developments included Emversity’
Gold prices in India traded near record levels on 12 March 2026, reflecting continued investor interest in safe-haven assets amid global economic uncertainty. By the end of the trading session, 24K gold was priced around ₹16,147 per gram (₹1,61,470 per 10 grams), while 22K gold stood at
The Mohali Development Centre (DC) of IT giant Infosys has been enlarged with the opening of a new 350,000-square-foot integrated development campus, as announced on 12 March. According to the company's statement, the new facility can accommodate around 3,000 employees. A number of dignitaries, including Sanjeev
On 12–13 March, HCLTech gave its Chennai office workers the opportunity to work remotely due to a cooking gas shortage that affected cafeteria operations. Because of the continuing shortage of LPG, a number of cafeteria vendors had to close their doors. As a result, the business decided to let
In order to become a payment aggregator, the fintech company Cred was granted a final licence by the Reserve Bank of India (RBI) on 10 March. This paves the way for the company to accept merchants, process payments across various instruments, and deal with refunds and settlements. A prepaid payment
On March 11th, Atlassian, an Australian software business, announced that it would be laying off around 1,600 workers, or roughly 10% of its staff. This move is part of a larger reorganisation that will increase spending on AI and business sales. In a blog post, CEO Mike Cannon-Brookes explained
India has eased FDI rules for Chinese and neighbouring-country investors, allowing minority, non-controlling stakes via the automatic route. The move aims to revive stalled startup funding, boost manufacturing, and attract global capital while keeping strategic control with Indian entities.
City gas stocks rally as Adani Total Gas Ltd jumps 37% in two days amid global LNG supply concerns linked to Middle East tensions. Gujarat Gas Ltd and Mahanagar Gas Ltd also gain after India prioritised PNG and CNG supply under the new gas regulation order.
In response to the recent tightening of government regulations on the use of LPG in various industries, the IT services giant Infosys has sent an advisory to all of its employees at its Pune, Bengaluru, and Chennai campuses. Corporate campuses in India are starting to feel the effects of the
With the acquisition of automotive utility company Vehicle Info, used-car marketplace Cars24 is aiming to establish a full-stack platform for vehicle ownership, going beyond just vehicle transactions. Chirag Pipaliya launched the bootstrapped firm Vehicle Info in 2017. The firm provides a centralised location for important vehicle details like registration information,
India’s startup ecosystem saw funding activity across edtech, fintech infrastructure, food brands, manufacturing, and AI SaaS on 11 March 2026. Major deals included bubble tea chain Boba Bhai raising ₹40 crore, nursing education platform NPrep securing $1.5 million in seed funding, and OpenCFO raising $2 million for its
Gold and silver prices in India remained elevated on 11 March 2026, with bullion markets witnessing mild intraday fluctuations while largely holding near recent highs. Investors remained cautious amid mixed global cues, currency movements, and expectations around global interest rate decisions that continue to influence precious metal markets. In the
On March 10, Minister of State (MoS) for Commerce Jitin Prasada informed Parliament that as of January 2026, over 6,700 startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) had closed their doors. Prasad stated in a written response presented to the Lok Sabha that
US President, Donald Trump announced plans for a new Texas oil refinery backed by India’s Reliance Industries, calling it a $300 billion deal. The project at the Port of Brownsville could process 168,000 barrels of shale oil daily and boost US fuel exports.
The PhonePe 'RuPay On-The-Go' Card, a National Common Mobility Card (NCMC), has been introduced by PhonePe. With this introduction, India is taking another step towards its goal of digitising transit payments nationwide, as outlined in its 'One Nation One Card' vision. The 'On-The-Go' card
About 50,000 people will lose their jobs at Volkswagen in Germany by the year 2030. This led to layoffs at a number of different companies, including Porsche and Audi. The decision is made as the automaker faces dwindling earnings, increasing expenses, and fiercer competition in the electric vehicle industry.
Boba Bhai, India’s largest omnichannel Bubble Tea and Korean street food brand, has raised ₹40 crore in a funding round led by existing investors 8i Ventures, Titan Capital Winners Fund and Global Growth Capital. The round also saw participation from new investors like BIG Capital and prominent angels. The
OpenCFO, an AI-native financial operations platform, today announced the successful completion of its first institutional funding round, raising $2 million. The funding round was led by Endiya Partners, and saw participation from prominent angel investors across both the United States and India. OpenCFO is building an agentic AI financial operating
Lumikai, India’s pioneering venture capital fund focused on interactive media, digital platforms and games, today announced it is leading a $1.5 million seed round in NPrep, an AI- powered, video-first learning platform revolutionizing preparation for high-stakes nursing entrance examinations and global healthcare careers. NPrep fits squarely into Lumikai’
The information reports that Meta has temporarily shut down its Tel Aviv offices due to the continuing Israel-Iran hostilities. According to the reports, the IT company's decision will have an impact on some 900 employees in Tel Aviv. Employees were allegedly notified of the office closure in a
India’s startup ecosystem witnessed strong investment activity across enterprise tech, agritech, climate tech, fintech, and healthtech on 10 March 2026. Major funding deals included Mozark’s $40 million Series B round, Captain Fresh raising ₹290 crore from Blue Earth Capital, and new capital flowing into food brands, climate solutions,