To increase commercial electric mobility and decrease emissions from the transportation sector, India is contemplating a $1 billion (approximately INR 8,300 crore) incentive programme. The step is taken to encourage private fleet operators to purchase electric buses and trucks. Despite having lower operating expenses than conventional diesel vehicles, electric
Priority Postpaid, a new service by Bharti Airtel that uses 5G slicing technology, was announced for launch on 19 May. The service will dynamically prioritise network capacity for postpaid customers, and this is the first commercial rollout of its kind in India, according to Airtel. Customers who rely on constant
Mythik
Mythik, the tech-first global entertainment company founded by Jason Kothari, has raised an additional $5 million in fresh capital, lifting its valuation to over $50 million and reinforcing its standing as one of the most closely watched new entrants in the emerging media-tech landscape. The top-up round, announced on May
With this latest round of massive layoffs, Meta is removing approximately 10% of its worldwide workforce. By ordering employees in places like the United States, the United Kingdom, and Singapore to remain at home and work, Meta successfully avoided any internal turmoil in the company. The layoff notifications eventually arrived
606 LinkedIn employees in California have been notified that they will be laid off this summer. This decision was made shortly after the professional networking platform's most recent quarterly results showed a 12% increase in revenue year over year. Multiple US media outlets reviewed a WARN filing that
Indian startup activity on 19 May 2026 was led by early-stage rounds in fintech and agri-finance, alongside notable secondary market action. Two funding rounds were announced, with agri-finance startup ONO leading the day at $1.2 million. In key business news, Groww's promoter group sold shares worth ₹270
By the year 2030, the food and drink giant PepsiCo plans to pour as much as INR 5,700 crore into the Indian market. According to Jagrut Kotecha, the chief executive officer for India and South Asia, the investment will mainly go toward increasing the production capacity of the company&
The gold price today in India is ₹16,042 per gram for 24-carat gold, up 0.28% from Monday. The silver price today in India is ₹2,74,560 per kg, falling 0.94% as rate-cut hopes fade further. Gold and silver prices in India showed a mixed trend on
The National Payments Corporation of India (NPCI) is reportedly working on a standardised, interoperable framework for soundboxes. This new initiative will enable all payment apps to support transactions based on the Unified Payments Interface. As soundboxes proliferate among stores and mom-and-pop shops, NPCI's unified platform will function independently
On May 20, Meta will lay off 10% of its employees. This is all a part of a larger reorganisation that the company is undergoing in response to its increasing emphasis on AI and automation. The corporation is planning to implement significant organisational changes to restructure workflows around AI-driven operations
Standard Chartered, a bank with headquarters in London, has stated that it will eliminate over 15% (around 7800 employees) of its workforce by the year 2030. The move comes as the bank increases its use of AI to improve efficiency, according to media reports. Its website states that the layoffs
Trackk
Trackk, an investment platform targeting Gen Z investors in India, has raised $3.7 million in a seed funding round led by Lightspeed, with participation from Info Edge Ventures and a clutch of high-profile angel investors including Gaurav Munjal, Roman Saini, Tanmay Bhatt, Varun Mayya, and Gaurav Kapoor. The fresh
A new and ambitious industrial policy has been unveiled by the Haryana government. Massive investment, the creation of lakhs of jobs, and the promotion of cleaner transport in the National Capital Region (NCR) are all goals of the policy. On 18 May, the State Cabinet put the "Make in
ONO
Bengaluru-based Agri-Finance startup ONO has raised $1.2 million in a Pre-Series A funding round led by early-stage venture capital firm Aeravti Ventures, with participation from Tremis Capital and a clutch of angel investors. The fresh capital arrives as the company scales its data and AI-led post-harvest infrastructure for Agri-SMEs
Indian startups saw funding flow into trading-tech, biotech, and recovery-tech today, with three rounds totalling around ₹50.3 crore. Mumbai-based trading app Trackk led the day, raising ₹30 crore in an extended seed round from Lightspeed India and Info Edge Ventures. Cellogen Therapeutics bagged ₹20 crore from Kotak Alts to
There will be 850 layoffs at Inter IKEA, the business that franchises the internationally renowned Swedish furniture giant IKEA in 63 countries. In response to declining consumer demand and increasing economic pressures, the move is a component of a comprehensive plan to cut costs. The elimination of positions is part
In an effort to save $2 billion, Starbucks Corp. is considering opening a technology office in India. A message was sent to employees stating that the new hub is scheduled to be built during the company's fiscal year 2027, which begins in October. After deciding on a location
With the opening of Million Minds Tech City, Ahmedabad is vying to become one of India's many Global Capability Centre (GCC) nodes. In this endeavour, Ganesh Housing Limited is investing INR 15,000 crore to build an integrated technological township. Ahmedabad has long been known as a hub
Key Highlights * Paramotor Digital Technology has confidentially filed its draft red herring prospectus (DRHP) with SEBI under the pre-filing route for a proposed IPO. * The Mumbai-based fintech reported revenue of ₹112 crore in FY 2024-25, up 232% year-on-year, with net profit of ₹29.2 crore. * Its portfolio includes SpendPro, RewardOn,
Bharti Airtel Ltd. has overtaken HDFC Bank Ltd. to become India's second most valued listed company by market capitalisation on Monday, May 18, 2026, as the telecom major's shares climbed for a fourth consecutive session while the private lender remained under pressure over its chairman succession
The gold price today in India is ₹15,693 per gram for 24-carat gold, unchanged from Sunday. The silver price today in India is ₹2,79,900 per kg, broadly flat as the week begins. Today's gold price in India stands at ₹15,693 per gram for 24-carat
Recently, Jane Street Group LLC established a new office in Singapore. Consequently, as it keeps expanding its operations across Asia, it is doubling its seating capacity to 250 people. A total of 24,000 square feet (2,230 square metres) has been leased by the market maker in the IOI
The gold price today in India is ₹15,911 per gram for 24-carat gold. The silver price today in India is ₹2,71,740 per kg. Both metals are flat today after one of the most turbulent weeks in Indian bullion market history. Gold prices in India remained unchanged on