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.
Air India has identified misuse of its staff leisure travel policy after an internal audit, placing around 4,000 employees under review. The airline has begun issuing notices and tightening rules around employee travel bookings as part of corrective action.
IDBI Bank shares plunged over 13% to around ₹79 after reports said the Indian government may scrap the proposed majority stake sale due to lower-than-expected bids. The development has raised uncertainty around the bank’s long-planned privatisation process.
The continuing violence in West Asia has caused a shortage of LPG supplies, which has started to interfere with operations at important IT campuses in India. Consequently, businesses are cutting back on cafeteria services and requesting that workers bring their own food to work. Canteen vendors are facing a reduced
The Indian edtech landscape, once a fertile ground for billion-dollar valuations and breakneck growth, is undergoing a seismic shift. The recent announcement of upGrad's acquisition of Unacademy in an all-stock deal is the most significant consolidation event to date, marking a dramatic reset for a sector grappling with
According to the company's chief technology officer, the shipping giant FedEx is aggressively deploying AI bots company-wide in an effort to incorporate the technology into its logistics network. In preparation for the next technological tsunami to hit corporate America, FedEx is assembling a vast army of AI agents
Perplexity AI CEO Aravind Srinivas endorsed a viral post claiming AI is shifting computer science back to maths and physics. Tools like GitHub Copilot speed up routine coding by 55%, but entry-level jobs shrink amid 2026 tech layoffs.
The Central Bureau of Investigation has questioned Jai Anmol Ambani, son of Anil Ambani, in a ₹228-crore bank fraud probe linked to Reliance Home Finance Limited. The agency is examining alleged loan irregularities and diversion of funds.
Gold prices in India witnessed slight fluctuations on 15 March 2026, as global market uncertainty and geopolitical tensions continued to influence investor sentiment. Despite rising tensions involving Iran, Israel, and the United States, bullion prices moved only marginally, reflecting cautious trading in the domestic market. As of the latest market
India’s market regulator, the Securities and Exchange Board of India (SEBI), has appointed senior police officer Sadanand Date as its Executive Director, placing him in charge of the regulator’s crucial investigations department. The appointment marks a significant step in strengthening oversight of India’s capital markets as SEBI
IIT Bombay graduate and AI researcher Devendra Singh Chaplot has joined Elon Musk’s xAI and SpaceX. His work will focus on advanced artificial intelligence systems as Musk accelerates efforts to build powerful next-generation AI technology.
Gold and silver prices in India eased slightly on 14 March 2026, as global markets remained cautious amid ongoing geopolitical tensions and currency fluctuations. At market close, 24K gold was trading at ₹15,966 per gram (₹1,59,660 per 10 grams), down ₹103 from yesterday, while 22K gold stood
Accenture, a consultancy business, has made AI proficiency a requirement for career advancement in response to the growing prevalence of AI in everyday business operations at firms worldwide. This suggests that employees who aren't flexible may not be a good fit for the organization. Accenture CEO Julie Sweet