As part of cost-cutting efforts, fitness technology business Peloton Interactive Inc. has laid off 11% of its workforce, with engineering teams accounting for the majority of the layoffs. On January 30, Peter Stern, Peloton's CEO since 2025, informed staff members of the layoffs. The impacted engineers worked on
Ola Electric, based in Bengaluru, announced on 30 January that it would lay off about 5% of its employees as part of a reorganisation meant to increase automation and boost profitability. An electric two-wheeler manufacturer financed by SoftBank has said that it is "doubling down" on discipline and
India’s business landscape saw notable strategic moves on 30th January 2026, with major corporations expanding into new categories and strengthening their technology capabilities. Reliance Consumer Products Ltd announced its entry into the ready-to-drink iced tea segment, while Apple boosted its artificial intelligence portfolio through the acquisition of Israeli startup
ITC Group plans to launch a number of packaged foods with a focus on freshness. From cookies and cakes to chutneys and namkeens, it will be accessing its food-tech platform as it sharpens its push into premium items. Through its food-tech cloud kitchens, the corporation is quietly establishing a portfolio
As domestic markets closed on 30 January 2026, both gold and silver prices in India retreated from recent peaks, with silver showing notably higher volatility. After sustaining multi-day rallies that pushed bullion to record levels, profit-booking and broader risk-off sentiment saw both metals weaken by the end of trading. International
From at least two local bidders, Prudential Financial Inc.'s India asset manager has received proposals. State Street Investment Management-backed Groww Asset Management Ltd and Edelweiss Asset Management have filed offers for PGIM India Asset Management Pvt Ltd, as per the current media reports. After witnessing little significant growth
Tim Cook, the CEO of Apple Inc., stated recently that the business had a "great quarter" in India from October to December 2025. He added that the quarterly revenue spiked with the record sale of the iPhone, Mac, iPad, and even services. During the company's first-quarter
Reliance Consumer Products Ltd (RCPL) wants to enter the bottled iced tea industry this coming summer with the relaunch of “Brew House". According to data from the commerce ministry, the company was approved for the trademark on July 23, 2025, and it is anticipated that the brand would be
Indian gaming and entertainment startup Zupee has laid off around 200 employees in a fresh round of job cuts as part of a strategic restructuring of its business. The move marks the company’s second major workforce reduction in recent months, as it moves away from its earlier real-money gaming
Elon Musk’s SpaceX is in advanced merger talks with his artificial intelligence firm xAI, as preparations begin for a potential blockbuster initial public offering (IPO) in 2026. The discussions, first reported by Reuters and confirmed by multiple global media outlets, signal a major shift in Musk’s business strategy,
On January 29, Apple announced that it has purchased Q.ai, an Israeli startup developing artificial intelligence technologies for audio. The terms of the Q.ai transaction, which was supported by venture capital firms Matter Venture Partners, Kleiner Perkins, Spark Capital, Exor, and GV, formerly known as Google Ventures, were
India’s startup ecosystem continued to see strong investor interest on 29th January 2026, with funding activity spanning D2C fashion, health-tech, deep tech, clean energy, and enterprise SaaS. From Cava Athleisure’s Series A boost to AI-powered health startup Biopeak’s follow-on round, capital flowed into innovation-led businesses solving both
By the end of trading on 29 January 2026, gold maintained firm levels near recent peaks, while silver surged past ₹4 lakh per kilogram across major Indian cities. Market movements reflected global bullion trends, a softer dollar, and the rupee’s intraday weakness.
* Repeat investment signals continued conviction in Biopeak’s approach to longevity and preventive care in India * Capital to expand multidisciplinary specialist-led clinics, diagnostics, proprietary AI and research, including a new flagship centre in Bengaluru * Biopeak is focused on strengthening healthspan at a population level through clinically grounded, India-first care models
Cava Athleisure, a fast-growing Indian everyday-wear brand built with a function-first approach, has raised INR 40 crore in its Series A funding round. The round was led by Sharrp Ventures, the consumer-focused investment firm, which invested INR 21 crore, with participation from V3 Ventures (founded by Arjun Vaidya, an early
For its initial public offering (IPO), insurtech startup Turtlemint has submitted an updated draft red herring prospectus (UDRHP) to the Securities Exchange Board of India (SEBI). A new issue of equity shares up to INR 660.7 Cr and an offer-for-sale (OFS) component of up to 2.86 Cr shares
- The middle class and upper middle class get tax relief, as 30% tax only starts after INR 24 lakh. - The new tax regime is automatic, and if one wants the old one, they must actively choose it.
In cooperation with Adobe, telecom provider Airtel will provide its clients with a one-year subscription to Adobe Express Premium. The business claims that all Airtel customers in India would be able to take advantage of the deal. The new package will let Airtel subscribers use the app's Premium
The most recent round of layoffs at global technology giant Amazon will also affect its operations in India, where 500–700 workers are anticipated to be affected. Yet another round of reductions has been announced by Amazon. This time, the corporation plans to fire some 16,000 workers worldwide. This
In 2026, Mark Zuckerberg, the CEO of Meta, intends to almost treble the company's investment in artificial intelligence (AI). According to Meta's Q4 earnings report, which was made public on January 28, the business would spend between $115 and $135 billion on AI in 2026. This
On 29 January 2026, the Offer for Sale (OFS) of Hindustan Zinc Ltd (HZL) opened for retail investors after strong demand from institutional and non‑retail participants. The OFS, led by promoter Vedanta Ltd, is designed to sell up to 1.59% stake in Hindustan Zinc, raising around ₹4,500
New Delhi-based deep tech startup OneARVO raises ₹12.3 Million in Pre-seed round led by Inflection Point Ventures. The funds will be utilised for technology team augmentation, building an AI lab for datasets, and go-to-market implementation. The startup operates as a supply chain integrity solutions provider, helping brands protect, track,
Beth Galetti is a senior executive at Amazon, serving as the Senior Vice President of People Experience and Technology, the company’s top human resources (HR) role. She is the executive who communicated the company’s decision to cut around 16,000 corporate jobs worldwide in January 2026. As head