The UK banking group, Close Brothers, will reduce its workforce by approximately 25%, or approximately 600 positions. The financial institution has taken this step in order to reduce costs. This decision is being made in response to a compensation bill of approximately £300 million that is associated with the automotive
In-app communication platform CometChat has announced raising a strategic funding of $6.5 million ( Rs 60 crore ) from its existing investors Run Ventures to up its AI play for key ecosystems. The Company has raised $21.1 million till date in funding including the current round. This round follows a
India’s startup ecosystem saw activity across deeptech, consumer brands, and AI-driven platforms on 17 March 2026. Velmenni raised ₹30 crore to scale its light-based wireless communication technology, while Grapevine secured $4.1 million to expand its AI-led talent platform. On the business front, Venture Catalysts exited Pee Safe, RBI
* The company plans to expand its presence to 20 cities and serve one million households over the next three years DrinkPrime, India’s fastest-growing IoT-enabled water purifier subscription platform, has raised USD $2.2million (INR 20 crores), led by Mirabilis Investment Trust and Artha Continuum Fund. The newly raised capital
Gold and silver prices in India closed higher on 17 March 2026, reflecting improved investor sentiment and stronger global bullion cues. Domestic markets tracked international trends, while safe-haven demand and currency fluctuations supported precious metal prices. According to the latest data, 24-carat gold is priced at around ₹15,862 per
Cashfree Payments, a fintech unicorn, was fined INR 3.1 lakh by the Reserve Bank of India (RBI) for failing to adhere to payment aggregator (PA) and payment gateway (PG) regulations. The Reserve Bank of India (RBI) said in a statement that it had inspected Cashfree in accordance with its
The telecom subsidiary of Reliance Industries, Jio Platforms, is scheduled to submit the initial public offering (IPO) paperwork to the capital markets regulator in two or three weeks after finalising its draft red herring prospectus (DRHP). Jio will sell 2.5% of its shares in the initial public offering (IPO)
The illustrious Hard Rock Café's parent company, Hard Rock International, announced the termination of its partnership with JSM Corporation, an Indian franchisee, on March 16th. Consequently, ending business as usual at all locations. Sanjay Mahtani and Jay Singh's JSM Corporation brought the brand, which is widely
* Led by former Capillary CRO Ankur Saigal, BambooBox is building the Managed ABM Operating System, an emerging category designed to embed AI, strategy, and execution directly into enterprise revenue teams. * The company has raised a total of $6.6 million led by Peak XV’s Surge, with participation from US-based
During fiscal 2026, Dell cut around 10%, or 11,000 jobs, from its worldwide workforce. This cut shows that the IT firm has been cutting back on hiring and reorganising, all the while increasing spending on AI infrastructure. According to the most recent annual report, the company's workforce
* The funds will be used mainly for marketing, R&D, supply chain and selective hiring Moe Puppy, a Gurugram-based D2C pet care brand focused on redefining pet wellness through thoughtfully designed products, has raised ₹2 crore in a pre-seed funding round led by PedalStart. The round also saw participation
Venture Catalysts has exited Pee Safe following a $32 million OrbiMed-led round, delivering a 9.6x return and 30.53% XIRR. The exit highlights its early-stage investment strategy, backing category creators and achieving strong liquidity outcomes for investors.
Accenture has acquired UK AI firm Faculty, integrating its 400+ experts and naming co-founder Marc Warner as CTO, boosting Accenture’s AI capabilities and accelerating safe, large-scale adoption of AI for clients globally.
As the high-end retailer starts to shutter stores around the country, Saks Fifth Avenue will lay off over 1,200 workers. This is a pre-filing phase in the restructuring process that will take place after this year's Chapter 11 bankruptcy. Several WARN (Worker Adjustment and Retraining Notification) applications
Velmenni, a deep-tech pioneer in light-based wireless communication, today announced a ₹30 crore (approx. USD 3.3Mn) Pre-Series A funding round. The round was led by pi Ventures, with participation from other investors like MountTech Growth Fund-Kavachh and Apekso. Velmenni has developed high-capacity backhaul and alternative last-mile connectivity solutions for
As a precautionary measure, PhonePe has put its initial public offering (IPO) preparations on hold due to the ongoing conflict in Iran and certain regions of West Asia, as well as unstable global equities markets. The financial technology firm announced in a statement that it will resume its initial public
India’s startup ecosystem saw strong investment activity on 16 March 2026, particularly in climate‑focused fintech, AI, health and enterprise tech sectors. Ecofy raised $42 million (₹380 crore) to scale sustainable financing solutions, while other startups, including BetterHood, Agnit Semiconductors, OfficeBanao and GrapeVine, also secured fresh capital. On the
Gold and silver prices in India witnessed a decline at the market close on 16 March 2026, reflecting cautious investor sentiment amid global uncertainties. 24K gold was trading around ₹15,742 per gram (₹1.57 lakh per 10g), while 22K gold was priced at ₹14,430 per gram. Silver was
Air India has begun corrective actions, including the imposition of sanctions on the accountable workers. The step is taken after discovering widespread irregularities in the implementation of its staff vacation travel programme, which affected more than four thousand personnel. In January 2022, the Tata Group bought the financially troubled Air
Bandhan Bank shares plunged up to 12% on 16 March 2026 amid reports that the promoter group is exploring a stake sale to facilitate investor exits. The sharp fall, accompanied by heavy trading volumes, made the stock one of the biggest losers in the banking sector during Monday’s trading session.
Travis Kalanick, co-founder of Uber, has started a robotics company called Atoms to create specialist robots for industries like transportation, food processing, and mining. The new partnership brings together CloudKitchens, Kalanick's ghost kitchen business, and a robotics-focused enterprise. In order to power unique, large-scale industrial settings, Atoms will
In response to bot activity that undermined Digg's relaunch and forced a strategic reset, the link-sharing site laid off a large section of its workers. In a blog post published on 13 March, the company confirmed the layoffs and stated that it will maintain operations with a reduced
XED Executive Development has launched India’s first IPO from GIFT City’s IFSC, opening for subscription from March 16 to March 24, 2026. The $12 million dollar-denominated issue is priced at $10–$10.5 per share and is open to NRIs and global investors. Shares will list on NSE IX and India INX.