For the first three months of 2026, Meta's profits surged. But even though profits have gone up, it plans to lay off some 8,000 workers. The company has justified the layoffs by saying they are necessary to boost productivity and fund their growing investment in AI. The
Exfinity Venture Partners, an early-stage investor in Deep-Tech & B2B tech, has made a partial exit from its investment in cybersecurity platform CloudSEK, delivering a 13x multiple on invested capital (MOIC) and an internal rate of return (IRR) of more than 40%. The transaction was executed as a secondary sale
* Ctruh is a Bengaluru-based deep-tech startup simplifying 3D content creation on the web by building the infrastructure layer for the spatial internet through its proprietary browser-native 3D engine and VersaAI, inhouse generative AI Engine * The funds will be strategically allocated towards R&D and Product Development, and scaling Go-To-Market
In a country where the food business is booming, starting a restaurant is still a complex and often confusing process. From selecting the right equipment to designing an efficient kitchen, many aspiring entrepreneurs struggle to turn their ideas into reality. This is exactly the problem that Gurubhai Equipments set out
In today’s time, due to the presence of automated traffic systems that monitor all kinds of violations, getting stopped for a challan is almost non-existent. This results in your chances of getting a Challan SMS being much higher than those of getting tapped on the window by a traffic
Indian startups saw strong funding activity across sports tech, fintech, SaaS, and climate tech today. The day was led by SportVot and Sahi, with multiple early-stage deals also closing. Key business updates included leadership exits at Cars24, regulatory action impacting WhatsApp, and fresh developments in the Reliance Communications case. Daily
As part of a coordinated regulatory action, Meta, the owner of WhatsApp, has terminated 9,400 accounts in India since January 2026 for their involvement in digital arrest schemes. The decision was made in response to mounting regulatory pressure and an increase in online fraud cases affecting Indian consumers. These
The Indian Railways had denied rumours that it is laying off thirty thousand workers. No drop in overall labour strength has occurred, according to Railways, and the ongoing changes are related to ordinary manpower rationalisation. The exercise, according to officials, entails shifting focus from formerly important but now obsolete functions
In a bank "fraud"-linked money laundering investigation against Reliance Communications, the Enforcement Directorate (ED) on 28 April announced the attachment of a Mumbai flat belonging to industrialist Anil Ambani. Further, ED has also attached a Khandala farmhouse jointly held by his son Jai Anshul Ambani. The attachment
Elon Musk has called Sam Altman “Scam Altman” as his $150 billion lawsuit against OpenAI heads to trial. The clash now spans courtrooms and social media, raising key questions about AI control, corporate power, and the future of open versus commercial models.
The gold price today in India has declined sharply on Wednesday, 29 April 2026, with 24-carat gold trading at ₹1,49,540 per 10 grams, down 1.72% from the previous session. Meanwhile, the silver price today in India stands at ₹2,37,830 per kg, marking a steeper fall
Truist Financial Corp. of the United States has awarded Infosys Ltd a contract to establish and operate a global capabilities centre (GCC) in Hyderabad for more than $500 million. That being said, no other IT services provider has ever been engaged in such a massive project to construct and run
SportVot has raised INR 32.7 crore led by IAN Alpha Fund to scale its AI-powered sports streaming platform globally. The startup has already captured 500,000+ matches across 30+ countries, targeting the untapped 99% of global sporting events.
In the first three months of 2027, Spinny plans to launch its first public offering. According to reports, Kotak Mahindra Capital, Morgan Stanley, and Citigroup have been recruited by the unicorn backed by Tiger Global to participate in a possible initial public offering (IPO). A combination of new issues and
Otto Sales AI, the world’s first AI Chief of Staff for Sales, has emerged as the winner of the SaaStock USA 2026 Global Pitch Competition, securing a $500,000 investment from a syndicate of leading venture capital firms, including Backfuture VC, Quadri Ventures, BAG Collective, and OneSixOne Ventures. Held
The listed fintech giant MobiKwik has been sold by venture capital firm Peak XV Partners in a block deal worth INR 130 Cr, or around $13.8 Mn. This happened the day after the fintech firm got its NBFC licence from the government. The average price per share for the
Home services and B2B SaaS startups led today's funding activity with 6 rounds totalling over ₹700 crore. Snabbit grabbed the largest cheque at $56 million for its quick home services platform. Peak XV Partners exited MobiKwik through a ₹130 crore block deal, whilst Eternal reported strong Q4 results
Marc Benioff, CEO of Salesforce, announced on the social media site X that the company will be recruiting 1,000 recent college grads and interns to help drive the AI exponential. The timing of his post is significant, as AI is already posing a threat to the profitability of software
AI logistics startup Mojro has raised $5.5 million in a Series A round backed by IAN Alpha Fund and Dallas Venture Capital. The company plans to scale globally as demand for AI-driven supply chain solutions increases.
As part of its ongoing endeavour to incorporate AI into routine engineering processes, Amazon is increasing the utilisation of its in-house AI tools by over 700 teams. Despite some employees voicing reservations about the rollout's management, the move demonstrates a larger effort to create large-scale efficiency advantages. One
Good Monk has partnered with Arshdeep Singh to promote preventive healthcare for India’s ageing population, spotlighting its Healthy 50+ nutrition product designed to support immunity, bone health, and energy.
Gold prices climbed to ₹1.53 lakh per 10g on 28 April 2026 across major Indian cities, while silver remained steady at ₹2.59 lakh/kg. The rise comes amid global tensions and key US economic events. Check city-wise rates, MCX data, and what’s driving the market today.
A planned AI agreement involving Meta has been vetoed by Beijing. This means that foreign investment in China in key technology industries will be subject to stricter regulatory oversight. The US tech group's planned acquisition of Singapore-based AI firm Manus, valued at roughly INR 16,600 crore, has