As part of a larger effort to reduce costs, Ubisoft has begun laying off more than 100 staff from its Red Storm Entertainment unit and offering them severance benefits. Several news outlets have reported that Ubisoft's continued global savings plan is causing the North Carolina-based studio to consider
A unit of the Income Tax (IT) Department has sent a tax demand notice to PhysicsWallah (PW) for a sum of INR 263.3 crore. The business announced the ruling in a filing with the stock market, citing Section 143(3) of the Income Tax Act as the basis for
The Indian startup ecosystem remained active on 19 March 2026, with steady funding across AI, healthtech, robotics, and consumer brands. The day was led by Assiduus Global’s $25 million raise, while early-stage deals continued to dominate overall activity. Healthtech and AI-driven platforms saw strong traction, alongside growing interest in
Gold and silver prices in India moved lower on March 19, 2026, tracking weak global cues. While gold saw a mild decline and hovered near ₹1.46 lakh per 10 grams, silver witnessed a sharper fall during the day. The drop comes as a strong US dollar and a hawkish
IAN Group, the country’s single largest early-stage investment platform, has invested in Rymo Technologies, a robotic neuro-rehabilitation startup, in its seed funding round of over INR 10 crore, through its evergreen fund, IAN Angel Fund, with participation from other angel investors. The fresh capital will be used to accelerate
The ICICI Prudential Life Insurance joint venture between Prudential and ICICI Bank is looking to be wound down. The listed insurer is majority-owned by ICICI Bank (50.95% stake) and has a 21.93% stake from Prudential Corporation Holdings Ltd, an indirect wholly owned subsidiary of Prudential Plc of the
As it speeds up an AI-led transition, HSBC is considering a new round of layoffs that would impact up to 20,000 positions, or about 10% of its worldwide workforce. The suggested cuts, which are still being evaluated, would mostly affect administrative and middle-level tasks. Therefore, this marks a more
India Post rolls out 24‑hour and 48‑hour speed post services in six cities, ensuring fast, tracked deliveries for documents and parcels. The next phase by September 2026 will expand the service, aiming for nationwide coverage by 2027.
HDFC Bank shares fell sharply after Chairman Atanu Chakraborty resigned abruptly. The RBI confirmed no governance concerns, and Keki Mistry was appointed interim chairman, reassuring investors amid sudden leadership changes.
Shark Tank India judge and founder of Masters’ Union and Tetr College of Business, Pratham Mittal, made two investments on the Shark Tank India Season 5 Campus Special episode, backing two early-stage startups: Floreal and Two Words Away. Floreal, founded by Vanshika Mittal, a student of Lovely Professional University, is
Meta has refuted rumours that it intends to lay off as much as 20% of its employees. Consequently, it is denying rumours that the increase in spending on AI could have an impact on almost 15,000 jobs. The claim was hypothetical, according to a corporate spokesman who spoke with
As part of its reorganisation, Amazon has laid off some 16,000 workers. CEO Andy Jassy has hinted that the cloud sector could grow substantially in the next years thanks to artificial intelligence. Reductions in layers and complexity inside the organisation are being pursued through internal layoffs, as stated in
Contemporary innerwear and shapewear brand Pinq Polka has raised ₹4 crore in a Pre-Series A led by Inflection Point Ventures (IPV). The capital will be deployed to scale marketing for the brand’s shapewear category, strengthen its team, and support working capital requirements. Founded with the vision of building a
Assiduus Global Inc., an AI-powered middleware infrastructure platform for global digital commerce, announced the close of its $25 million Pre-Series B funding round led by Bajaj Finserv, one of India’s largest and most diversified financial services groups. Since its previous round, the company has quadrupled revenue, tripled valuation, and
The Indian startup ecosystem remained active on 18 March 2026, with multiple funding deals across QSR, fintech, AI, and enterprise SaaS sectors. Leading the day, Burger Singh raised ₹82 crore in Series B funding, while Weaver Services secured a massive ₹1,450 crore investment to strengthen its housing finance play.
Gold and silver prices in India remained largely stable with a slight downward bias on March 18, 2026, reflecting mixed global cues and cautious investor sentiment. As per the latest data, 24K gold is trading around ₹15,236-₹15,341 per gram (₹1.52-₹1.53 lakh per 10 grams)
The online travel industry continues to evolve as travelers demand faster, smarter, and more intuitive ways to book flights. In this shifting landscape, Hipmunk has re-entered the market with a renewed focus on simplifying the flight booking experience. Once known for its innovative approach to travel search, Hipmunk aims to
There is still no indication that Anthropic and the US government can mend their strained relationship. A top US defence official has revealed that the Pentagon is currently engaged in the process of developing alternative technologies to those of the Anthropic. The Trump administration had already deemed the AI firm
Indian QSR chain Burger Singh has raised ₹82 crore in a Series B funding round, valuing the company at around ₹520 crore. The fresh capital comes at a time when the brand is scaling rapidly across India, especially through its franchise-led expansion strategy. The round saw participation from a mix
By 2029, Karnataka intends to have established 500 new global capability centres (GCCs), which will help to speed up the development of jobs and solidify its status as a hub for global technology. Approximately 3.5 lakh jobs and approximately $50 billion in economic production are anticipated to be generated
India’s stock market calendar for March 2026 has created some confusion among investors, especially as major festivals like Gudi Padwa, Ugadi, Eid and Chaitra Navratri fall within the same period. However, the trading schedule remains largely unchanged, with only a few official holidays. Here’s a clear and verified
The luxury automaker will react to declining profitability, reduced demand, and a difficult global market climate by laying off about 6% of its worldwide workforce. To safeguard its long-term competitiveness, the Volkswagen-owned business stated it would cut approximately 275 jobs in the UK. This would be achieved in part through
Shares of The Trade Desk dropped over 9% after Publicis Groupe halted recommendations citing audit concerns on fees and transparency, sparking industry debate and raising investor worries about growth and partnerships.