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Juspay FY26 revenue rises 30% to Rs.664 crore; reports Rs.90 crore net loss

New Delhi, Oct. 9 -- Payments technology company Juspay reported a net loss of Rs.90 crore even as its revenue rose 30 per cent year-on-year to Rs.664 crore in FY26, compared with Rs.514 crore in the ... Read More


US PERM suspension: Indian IT firms cut reliance on H-1B visas, says Nasscom

New Delhi, Oct. 9 -- Indian IT companies have already significantly reduced their dependence on US immigration programmes and built larger local workforces, Nasscom said, after the US DOL suspended ma... Read More


Amazon lays off nearly 1,000 employees globally; 106 affected in India

New Delhi, Oct. 8 -- Amazon has laid off nearly 1,000 employees globally, with about 106 of them in India, according to sources. The affected employees in India are from the customer care services an... Read More


SUN Mobility names new CEOs for battery swapping and energy businesses

New Delhi, Oct. 8 -- EV energy infrastructure player SUN Mobility has appointed Satish Sundaresan as CEO of SUN Mobility, while Kamaldeep Singh will take over as CEO of Indofast Energy, the 50:50 join... Read More


Soket AI unveils LOOP Harness to advance India's frontier AI capabilities

New Delhi, Oct. 7 -- Soket AI, a research lab building frontier AI models and systems that institutions can operate under their own control, today unveiled LOOP, an open-source harness designed to ena... Read More


Karnataka beer sales surge 41% after AIB tax regime, excise revenue rises 13.4%

New Delhi, Oct. 7 -- Karnataka's total excise tax collections rose 13.4 per cent to Rs.22,191 crore during April-September 2026, with tax collections from beer having risen by 19 per cent. The revenue... Read More


Bengaluru skill summit second edition set to kick start from November 3

New Delhi, Oct. 7 -- The Department of Skill Development, Entrepreneurship and Livelihood (SDEL), Government of Karnataka, has announced the second edition of the Bengaluru Skill Summit at a curtain-r... Read More


Quick commerce to hit $90 billion by FY2031, but growth will need more than speed

New Delhi, Oct. 7 -- India's quick commerce market is set to grow from about $13 billion in FY2026 to $90 billion by FY2031, with monthly transacting users crossing 100 million, according to a report ... Read More


Ola Electric sets Rs.27 price for Rs.1,000-crore rights issue

New Delhi, Oct. 7 -- Ola Electric has fixed the issue price of its Rs.1,000-crore rights issue at Rs.27 a share, a discount of about 26 per cent to the company's current market price, as the electric ... Read More


Kotak Mahindra Bank shares rise 2% as HSBC upgrades stock to buy

New Delhi, Oct. 7 -- Shares of Kotak Mahindra Bank rose 2 per cent in Wednesday's session amid sectoral developments, including the RBI repo rate hike. The stock hit an intraday high of Rs.440.70 on t... Read More