India’s startup and business ecosystem saw a mix of funding momentum and major corporate developments on 5th January 2026. Early-stage investments continued across advisory and fintech infrastructure, with Kayess Square raising INR 10 crore in a Pre-Series A round and payment startup Mylapay securing $1 million ahead of its
- Banking services may be impacted for four days amid the January 27 Strike Call. - UFBU promises bank work hours won’t be reduced after the 5-day workweek. - Employees have agreed to work an additional 40 minutes per day.
Kayess Square Consulting Pvt. Ltd., a Bengaluru-based finance, risk, governance, and transaction advisory firm, has raised ₹10 crore in a strategic funding round led entirely by its long-standing clients and senior leadership team. What sets this round apart is its composition: 100 per cent of the capital has come from
Olympic gold medallist Neeraj Chopra of India has announced the opening of Vel Sports, his own athlete management company. JSW Sports said in a formal statement that the athlete's formal association is over and that this "begins a new chapter" for the javelin superstar. Neeraj Chopra,
According to The Economic Times, the Centre has cautioned social media platform X about AI-generated pornographic material, threatening to revoke its "safe harbour" status under Indian law if it disregards takedown orders. Notably, X previously lost his legal immunity due to his failure to follow Indian regulations. Online
- The Indian rupee opened the week at 90.24 (weakened) against the U.S. dollar. - Investors are withdrawing funds from the Indian market out of panic. - All eyes are on the RBI’s $10 billion dollar-rupee swap on January 13.
According to The Economic Times, Tata Sons has started considering a potential leadership transition at its airline division; therefore, Air India might soon have a new CEO. According to the report, the group has discussed its top management structure with senior executives from major international airlines. According to those cited
Global broking firm Jefferies has stated that ONGC may be about to unlock $500 million in long-pending dividends from its Venezuelan upstream project, pointing to a possible boost to the state-run explorer's balance sheet and sentiment should a US-led restructuring of the Latin American country's oil
Inox Clean Energy recently acquired SunSource Energy's solar assets as part of a massive wave of mergers and acquisitions (M&A) in the Indian renewable energy sector. The company's pre-IPO fundraising efforts, internal accruals, and promoter capital would all be used to finance the acquisition.
According to Deepinder Goyal, founder and CEO of Eternal, the parent company of Zomato and fast commerce platform Blinkit, the food delivery platform Zomato fires about 5,000 gig workers every month due to fraud cases, while between 1.5 and 2 lakh workers quit the platform voluntarily. Goyal claimed
In Venezuela, Starlink has provided free internet service till February 3. The statement follows the rapid nighttime military action by the United States against Venezuela on January 3, which resulted in the capture of President Nicolas Maduro and his wife, First Lady Cilia Flores. "Starlink is providing free broadband
In its most recent annual report, the regulator, the Insurance Regulatory and Development Authority of India (IRDAI), stated that mis-selling is a serious issue in the insurance industry and that insurers must carry out a root cause analysis to determine the underlying issues. According to the report, the total number
The Telangana delivery workers' union has reacted to Zomato CEO Deepinder Goyal's support of the company's gig model by calling the existing working conditions "not decent work". This has intensified the discussion around compensation and benefits in India's rapidly expanding quick
With the registration of five significant firms as anchor vendors under the government's Electronics Components Manufacturing Scheme (ECMS), Apple has taken a clear lead in India's efforts to develop a comprehensive electronics components ecosystem. According to Business Standard, the companies, which are a combination of huge
Deepinder Goyal, the founder and CEO of Zomato, issued a thorough five-point statement on X to defend the company's gig work model. He described how delivery partners are compensated, why riders are not put under strain by the 10-minute delivery guarantee, and how flexible schedules and welfare benefits
India’s startup and business ecosystem kicked off the new year with notable funding activity and key corporate developments on 2nd January 2026. The day saw fresh capital flowing into the agri and food-tech sectors, with FreshToHome planning a debt raise to strengthen operations and Arya.ag closing a large
According to two merchant bankers on 1 January, Adani Enterprises would enter the bond markets the following week with the goal of raising INR 1,000 crore rupees ($111.16 million) through a public bond issuance. According to the bankers, the anticipated financing also includes INR 500 crore in a
According to a report by Bloomberg Law, Cognizant Technology Solutions Corp. is facing multiple proposed class action lawsuits in the US following a data breach at its healthcare division, TriZetto Provider Solutions. This week, three lawsuits were submitted to US district courts in Missouri and New Jersey. The allegations claim
K J Somaiya Institute of Management (KJSIM) successfully conducted a five-day Management Development Programme (MDP) titled “Quality Management System and Export Documentation”, reaffirming its continued engagement with MSME entrepreneurs following the INDAM Conference. The programme was jointly organised with Career Raiser and saw participation from MSME owners across a wide
Vodafone Idea, an Indian telecom provider, announced on 1 January that it had been hit with a penalty of 6.38 billion rupees, or around $71 million, for allegedly "short payment" of taxes. A day after the Indian government gave the indebted company a partial suspension on adjusted
Arya.ag, India's largest integrated grain commerce platform, today announced that it has raised Rs 725 crore (approximately USD 80.58 million) in equity from GEF Capital Partners. The investment will enable Arya.ag to deepen its engagement with farmers and their organisations to promote climate-smart, market-led agriculture
In a statement released on January 1, Sapphire Foods India Limited, the operator of KFC and Pizza Hut, stated that it would merge with Devyani International Limited, which also runs the QSR franchises in the nation. As consumers cut back on eating out and ordering in due to rising living
India’s business landscape saw significant developments on 31st December 2025, spanning technology, economy, and telecom sectors. Food delivery giants Zomato and Swiggy boosted payouts for gig workers ahead of New Year’s Eve to ensure smooth operations amid a nationwide strike call. In a historic economic milestone, India overtook