Block Inc., a San Francisco-based finance company run by Jack Dorsey, is preparing for a large round of layoffs. These job cuts would reduce its worldwide staff by 10%. If this news is true, it would be the third round of layoffs at Block in the past two years. The
Elevate Now, a doctor-led, root-cause-driven clinical weight loss platform, has raised ₹18 crore in seed funding, led by Physis Capital, with participation from Inflection Point Ventures and Titan Capital. The company was founded in November 2022 by Suryansh Kumar, an IIT Bombay and ISB graduate with over two decades of
In order to bring its overall operational capacity to 32 MW by the end of the current fiscal year, infrastructure firm Larsen & Toubro (L&T) intends to commission 18 MW of data centre capacity by March-end. The data centre's overall capital expenditure is close to INR
Pandorum Technologies, a biotechnology company pioneering programmable regenerative medicine, with operations in India and the United States, has announced the closing of a US$18 million in Series B financing round, to advance the clinical development of its disease-modifying, tunable, exosome-based therapies, including Kuragenx, while scaling global manufacturing and expanding
Myntra, the Flipkart-owned fashion and lifestyle e-commerce platform, has appointed Pramod Adiddam as its new Chief Technology Officer (CTO). The move comes as the company sharpens its focus on technology-led growth and platform scale. Adiddam will lead Myntra’s technology and engineering teams. He will report to CEO Nandita Sinha.
With the launch of ACME Poshan this month in the Delhi-National Capital Region (NCR), the ACME group has joined the packaged goods market. It has released ten snacks, protein bars, and noodle items under the ACME Poshan brand, with seventeen stock-keeping units (SKUs). According to J. Kumar Upadhyay, founder and
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