Several news outlets have reported that, following performance reviews, Flipkart had asked 250–300 staff to resign this year. As is common practice in the business, around 1-2% of employees are let go each year as part of performance management. This round of layoffs affects about 2% of the workforce.
As part of its ongoing efforts to combine Discover Financial Services and Capital One Financial Corp., which it acquired for $35.3 billion last year, the banking firm intends to let off over 1,100 employees. This is the second big round of layoffs since Capital One finished its acquisition
Netflix has launched a biographical drama series, Hello Bachhon, on 6 March 2026, inspired by the real-life journey of Alakh Pandey, founder of India’s fast-growing edtech platform PhysicsWallah. The series premiered globally on Netflix and has already drawn attention from viewers, particularly in the business and education sectors. The
India’s startup ecosystem saw significant activity in healthtech, D2C, and rural omnichannel retail today. Rozana raised a ₹290 crore Series B to scale rural operations, while health startup Cent, founded by former Practo, Ola Electric, and Lenskart executives, secured early-stage funding. Key business developments included Karnataka’s proposed social
Gold and silver in India ended the trading day on 6 March 2026 with mixed movements, reflecting a balance between safe-haven demand and profit-booking across major cities. Gold witnessed marginal gains in Delhi and Chennai, while prices softened slightly in Mumbai and Bengaluru. Silver remained largely stable, tracking subdued industrial
Sarvam AI, a firm based in India that specialises in generative AI, announced the opening of its startup support programme on March 5th. The goal of this program is to provide its models and infrastructure to startups so that they can create AI-powered solutions. As stated in a number of
The Karnataka government has suggested a ban on social media use for minors under the age of sixteen in an effort to address the rising worries about children's digital addiction and excessive screen time. The chief minister of the state, Siddaramaiah, made the announcement when presenting the budget.
As a result of the financial burden caused by its ambitious development into AI technology, Oracle Corp. is getting ready to lay off thousands of workers across all of its business groups. The planned layoffs would go beyond the usual, small-scale labour modifications that the corporation has done in the
India’s most anticipated stock market debut, the initial public offering (IPO) of Reliance Jio, may be delayed as the Indian government has yet to notify revised listing rules meant for very large companies. The public issue, backed by billionaire industrialist Mukesh Ambani, was widely expected to launch in the
Alumna of PW School of Startups, the entrepreneurship arm of education company, PhysicsWallah (PW), Megha Sarayan, founder of Kolkata-based Modge - by Land of Cakes, has raised ₹1 crore in funding on Shark Tank India Season 5. The investment was made by Anupam Mittal, founder and CEO of People Group
Garden Reach Shipbuilders (GRSE) shares surged nearly 5% today after signing a key MoU with Kalyani Strategic Systems Ltd, a Bharat Forge arm. The deal eyes joint work on home-grown naval tech like propulsion systems and unmanned vessels, supporting GRSE's target of Rs 50,000 crore order book
The Indian travel aggregator MakeMyTrip announced on March 5 that it has reached a deal to purchase a majority stake in Flamingo Transworld, a regional tour operator. When it comes to group tours, Flamingo is well-liked in the Indian states of Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh. The company'
Sterling Hospitals, in partnership with the Rotary Club, recently organised a large-scale Cancer Awareness Walkathon in Ahmedabad to encourage early detection and promote awareness about timely cancer treatment. The initiative saw participation from nearly 500 people, including healthcare professionals, Rotary members, cancer survivors and residents who came together to spread
Shares of railway public sector companies IRCON International and Rail Vikas Nigam Limited (RVNL) surged sharply on 6 March after reports suggested that the Ministry of Railways has proposed merging the two companies. The development triggered strong buying interest in railway stocks, pushing IRCON shares up by nearly 12% and
Healthtech startup Cent, founded by Shashank ND, the founder of Practo, has raised fresh funding from OneFlow Holdings and venture firm South Park Commons. The investment amount has not been officially disclosed, although industry reports suggest the seed round is around $5 million. The Bengaluru-based startup was launched by Shashank
Tata Consultancy Services Ltd is restructuring its business model to take advantage of emerging technology. It recently inked an agreement with OpenAI to construct AI data centres in India and is now in the final stages of finalising arrangements with other tech titans. Several additional hyperscalers are being considered by
Rozana, a rural-focused omnichannel retail platform co-founded by Ankur Dahiya, Adwait Vikram Singh and Mukesh Christopher, has raised ₹290 crore in a Series B funding round. The round was led by Bertelsmann India Investments (BII), with participation from Fireside Ventures, US-based Spark Growth Ventures, Bikaji Family Office, FE Securities and
PharmEasy, one of India’s leading healthcare platforms, today announced the launch of WomenCare, a dedicated category designed to provide comprehensive, end-to-end support for women’s health. The WomenCare category will be live with exclusive offers for International Women’s Day. WomenCare has been created as a one-stop destination addressing
Forest Essentials will soon be acquired by the Estée Lauder Companies, a prominent American cosmetics company. The business announced that it has reached an agreement to acquire the remaining stake in the high-end Ayurvedic brand from India. The acquisition is anticipated to close in the second half of 2026, but
India’s startup ecosystem saw activity across AI automation, healthtech, and consumer beverages, while major developments emerged in fintech IPO plans and strategic acquisitions in the beauty sector. From early-stage funding rounds to large-scale public market ambitions, here are the key funding deals and business developments that shaped 5 March
Gold and silver prices in India closed lower on 5 March 2026, with bullion markets witnessing mild profit-booking after recent gains. By the end of the trading session, gold prices slipped across major cities, while silver remained largely stable but near recent highs. The soft closing trend reflected global bullion
Options trading has become increasingly popular among retail and institutional participants. However, for many beginners, the option chain screen appears complex and overwhelming. Understanding how to read a nifty option chain and interpret a finnifty option chain is essential for making informed trading decisions. An option chain provides a structured
Depending on the outcome of the present volatile geopolitical climate, fintech giant PhonePe plans to launch its initial public offering (IPO) by next month. The public listing, which just includes an offer-for-sale component, is expected to garner between $900 million and $1.5 billion for the Bengaluru-based business. After receiving