State Bank of India released its October-December 2025 quarter results on February 7, 2026. The bank reported a standalone net profit of INR 21,028 crore, up 24% from INR 16,891 crore a year earlier. This marks the highest quarterly profit in SBI’s history. Net interest income grew
The Fractal Analytics IPO has officially opened for public subscription in India, drawing attention from investors as one of the largest technology initial public offerings of 2026 so far. The three-day subscription window began on 9 February 2026 and will close on 11 February 2026. This IPO represents a significant
Goodness Group Global Pty Ltd (GGG), an Australian health-focused beverage firm, was acquired by Reliance Consumer Products Limited (RCPL), the FMCG division of Reliance Industries, on 7 February. This acquisition further establishes RCPL as a major player in the international health beverage industry and ushers it into the Australian consumer
In a recent announcement, Mahindra Group detailed their plans to invest INR 15,000 crore over 10 years to build their largest integrated manufacturing complex in Nagpur. The project will produce automobiles and tractors. When fully operational, the factory can produce 500,000 automobiles and 100,000 tractors. In 2028,
Startup funding activity in India on 6 February 2026 featured notable traction in consumer wellness, beauty tech, and artisanal goods. Delhi‑based wellness startup Wholeleaf clinched a ₹1.5 crore investment deal on Shark Tank India, while celebrity‑backed beauty tech brand House of EM5 closed an angel funding round.
Gold and silver prices in India closed lower on February 6, 2026, amid heightened volatility and profit-booking pressure. Gold held relatively firm above ₹1.52 lakh per 10 grams on MCX but edged down, while silver extended losses with a sharp 6% crash on MCX futures. A stronger US dollar
Fi Money, a once-celebrated star in India's neo-banking firmament, is undertaking a significant strategic pivot, moving away from its consumer-facing financial products to focus on a B2B model centered on Artificial Intelligence. The move, announced by co-founder and CEO Sujith Narayanan in a recent LinkedIn post, comes amid
In its ongoing multi-year campaign to reduce its employment, Wells Fargo has announced yet another wave of layoffs. Hence, bringing the total number of employees expected to lose their jobs in 2026 to over 100. According to the Des Moines Register, the lender has informed 49 employees of their impending
By April of 2027, Exchange Web Services (EWS) in Exchange Online will be permanently discontinued by Microsoft. Consequently, the transition from older email integration systems to the more modern Microsoft Graph platform is progressing at a faster pace. The Exchange Team said in a blog post dated 5 February that
Edtech company PhysicsWallah reported a strong set of financial results for the third quarter of FY26, showing solid growth in both revenue and profitability. The Noida-based education platform, which went public in November 2025, continues to strengthen its position in India’s competitive online and offline education market. For the
Bharat Taxi, India's first ride-hailing platform supported by the government, was inaugurated by Union minister Amit Shah. The platform is based on the idea of shared ownership. At the 5 February launch ceremony in Delhi NCR, Shah stated that the platform's primary objective is to provide
Shares of leading cigarette makers ITC Ltd and Godfrey Phillips India rose sharply on Thursday after a brutal start to 2026, as investors returned to tobacco stocks following last month’s heavy sell-off triggered by new cigarette taxes. The rebound comes after January saw one of the worst months for
Ghazal Alagh, Co-founder of Mamaearth and Chief Mama at Honasa Consumer, has delivered a sharp message to India’s startup ecosystem, urging early-stage founders to stop chasing quick exits and start building long-term businesses. In a LinkedIn post shared on Thursday, Alagh addressed what she described as a growing obsession
Myntra, a leading fashion e-commerce company, is consolidating its operations and laying off workers. The goal of the exercise is to relocate its satellite operations from Gurugram to Bengaluru. While some positions will be eliminated, others will be consolidated into bigger teams centred in Bengaluru. Fifty people from the supplier
Union Home and Cooperation Minister Amit Shah officially launched Bharat Taxi on Thursday, February 5, 2026, marking a significant shift in India's burgeoning ride-hailing industry. Positioned as the nation's first cooperative-based platform, Bharat Taxi aims to empower drivers by transforming them into co-owners, thereby challenging the
Adding to the recent spate of layoffs in the US tech and telecom industries, T-Mobile is planning to terminate the employment of approximately 400 workers in the state of Washington. According to local broadcaster KING 5, state filings reveal that the corporation intends to permanently eliminate 393 positions across various
Nutrify Today, the global catalyst for the nutraceutical industry, has premiered a landmark feature in its documentary series, Legends of Lifesciences, featuring Rajeev Juneja, Vice Chairman and Managing Director of Mankind Pharma. The documentary offers a rare, high-level perspective on the evolution of Indian healthcare, chronicling Juneja’s journey from
In an effort to increase its technological prowess and, by extension, its long-term competitiveness, the Indian lender Kotak Mahindra Bank Ltd., which is owned by billionaire Uday Kotak, is reportedly hiring 500 engineers. In his pursuit of establishing a technology company with a banking licence, Chief Technology Officer Bhavnish Lathia
In the wake of discovering who else had lost their jobs in the most recent round of layoffs, Pinterest fired two engineers. Consequently, they went against the company's stated privacy and policy guidelines. As part of a larger reorganisation associated with an increased emphasis on artificial intelligence, Pinterest
Massive layoffs have taken place at the Washington Post, a news organisation with a rich history and considerable influence in the US. As part of a massive reorganisation that has abolished entire divisions, the newspaper fired about a third of its employees on 4 February. And as a result of
Digital Striker Private Limited, an optical fiber tools and equipment company founded by Priyanka, has raised $1 million (approx. ₹8.5 crore) from Foxhog Ventures, the USA-based venture capital firm led by CEO, Mr. Tarun Poddar. The funding will be used to set up India's first manufacturing unit
As part of its ongoing staff realignment efforts, aerospace giant Boeing intends to cut 300 supply chain positions in its military division. Affected employees will be notified this week. The layoffs would affect multiple locations across the US. Large firms across sectors are cutting back on staff and are looking
Fibr AI, the innovative company transforming how businesses engage with customers online, today announced it has successfully closed a $7.5 million seed funding round. The round was led by Accel in India, with significant participation from WillowTree Ventures and MVP Ventures, alongside a distinguished group of Fortune 100 operators