On May 28, Bajaj Finserv announced the introduction of "Finserv Intelligence." It is a hub for group-wide applied research and innovation in areas such as digital financial services, quantum technologies, cybersecurity, and artificial intelligence (AI). The move comes as the financial services giant places a strategic wager on
Nissan Motor India Pvt. Ltd. has strengthened its presence in Tamil Nadu by inaugurating the Autorelli 1S Nissan showroom in Chennai. A state-of-the-art showroom measuring 3,800 sq. ft. is available at the site, and it can showcase six vehicles. The outlet is designed to meet Nissan's global
By the beginning of next year, American Airlines Group intends to have increased the number of workers at its Hyderabad technological hub in India from 400 to 800. This growth is indicative of a general tendency among MNCs to pour more money into India's global capability centres (GCCs)
The Vellaripatti factory of the tyre maker TVS Srichakra Ltd, located near Madurai, is set to undergo a capital expenditure plan worth INR 230 crore. This will allow the company to increase production capacity in the two-and three-wheeler and off-highway tyre markets. A 5% capacity expansion is in the works
The lift maker Johnson Lifts, based in Chennai, has paid INR 125 crore for 39 acres of land near Sengadu, close to Chennai. In order to increase manufacturing capacity for innovative vertical transportation systems and high-speed lifts, this land acquisition is a component of the firm's long-term expansion
Indian startups saw a focused but meaningful set of capital moves on Wednesday, 27 May 2026, with precision manufacturing startup Tiea Connectors closing a ₹77 crore Series A and PhysicsWallah approving a ₹120 crore investment into its NBFC subsidiary FinZ Finance. The business news front was equally active. Byju Raveendran
Gold prices in India edged slightly lower on Wednesday, 27 May 2026, with 24 carat gold trading at ₹15,724 per gram (₹1,57,240 per 10g) in Delhi, down ₹410 or 0.26% from the previous session. Silver rate today fell more sharply, declining 0.75% to ₹268 per
The US e-commerce conglomerate Amazon had its appeal against the anti-trust suspension of its investment arrangement with Future Group denied by the NCLAT in June 2022. However, on 27 May, the Supreme Court overturned this decision. The order of the Competition Commission of India (CCI) from December 17, 2021, which
Restrictions on domestic and international travel, as well as work-from-home arrangements, were announced by Maruti Suzuki India (MSIL) on May 26. In addition, in light of the continuing conflict in West Asia, the corporation has pushed for energy-saving measures in the workplace and the residences of its employees, as well
According to a government certification document, Ola Electric has obtained regulatory approval for a new electric scooter targeted at India's commercial mobility market. This could mean that the business is getting ready to join the commercial electric two-wheeler market, which is experiencing rapid growth as soon as this
Across the state of Washington, Meta is planning to lay off over 1,400 workers. This news came days after Facebook CEO Mark Zuckerberg assured staff that the firm will not be laying off any more workers in 2026. As of July 22, the parent company of Facebook will start
* Leading institutional investors and family offices such as SUD Life, Haldiram’s Family Office, Lotus Holdings, Ajmera Realty, Narayana Nethralaya and DS Group join Physis Capital as LPs * Physis to invest in high-impact startups from Pre Series A to Series B rounds * Aims to build a select portfolio of 15
An in-principle clearance to operate as a payment aggregator-physical (PA-P) licence has been granted to listed fintech company MobiKwik by the Reserve Bank of India (RBI). With the licence in hand, MobiKwik may go forward with plans to expand into the offline merchant industry. The company stated that the PA-P
Three startups closed fresh rounds today, spanning B2B quick commerce, usage-based billing infrastructure and D2C footwear. Fairdeal.Market led the day with a $15 million Series A, followed by Yoho's ₹23 crore raise and Flexprice's $1.5 million seed round. On the news front, Fundamentum cofounder
The gold price today in India is ₹15,903 per gram for 24-carat gold, falling 0.48% from Monday. The silver price today in India has crashed to ₹2,72,470 per kg, down a sharp 1.68% in a single session. Gold and silver prices witnessed a sharp decline
Dubai-based Indian entrepreneur Satish Sanpal, Founder and Chairperson of ANAX Holding, has stepped into the global spotlight with his debut on Netflix's reality series "Desi Bling," which premiered on May 20, 2026, even as his diversified business group continues to expand across the emirate's
Reportedly, one-fifth of Wix's worldwide workforce—about 1,000 jobs—is set to be laid off. This can be considered one of the most significant restructuring initiatives in the organisation's history. Layoffs are taking place as a result of the growing impact of AI on company&
One 97 Communications, the parent company of the Paytm brand in the fintech industry, said on May 25 that its European payment business will get a €9 million investment from its wholly owned subsidiary, Paytm Cloud Technologies. Paytm Cloud Technologies Limited's (PCTL) board of directors has authorised a
According to reports, Microsoft is terminating the majority of its Experiences and Devices division's internal Claude Code licenses. The decision was made following a significant spike in AI-related expenses caused by heavy staff utilisation. Thus, revealing an increasing financial hurdle to enterprise AI adoption. The organisation has directed
Flexprice, the open-source usage billing infrastructure built for AI-native and API-first enterprises, today announced a $1.5M seed funding round led by Shastra VC, co-led by Anupam Mittal, founder of People Group and one of India's most prominent entrepreneurs and TDV Partners, who doubled down on their initial
* Fairdeal enables kirana retailers to replenish inventory in as little as 60 minutes through its dark-store-led supply network. * Capital to be deployed toward expanding Fairdeal’s presence across Delhi NCR, entering new urban markets, strengthening technology infrastructure, and scaling its retailer and brand network. * WaterBridge Ventures continues as a cornerstone
The Indian and Vietnamese branches of National Australia Bank (NAB) intend to increase their workforce by over a thousand people. The move comes as Australian banks maintain their trend of outsourcing engineering and technology positions while laying off workers in the country. Media outlets in Australia have reported that NAB
Demand for AI-ready infrastructure is expected to surge in the next four to five years, leading Schneider Electric's India data centre business to surpass overall operations in the nation. Between 15 and 20% of Schneider Electric's revenue in India comes from data centres at the moment.