Neysa Secures $1.2B Funding to Become 2026 AI Unicorn
Mumbai-based AI tech company Neysa officially became India’s first unicorn startup of 2026. The company is now valued at $1.4 billion after a very large Series B funding round. A massive global investment firm called Blackstone led the deal and bought a majority stake in the company. This huge investment shows that international investors have…
Tanishka Jain
Nageswara Rao Koganti Joins Wipro as VP – Global Health
Wipro has officially appointed Nageswara Rao Koganti as Vice President and Global Account Executive – Health to spearhead its strategic global relationship with Humana. Koganti brings over 25 years of extensive IT leadership experience, specialising in digital transformation, enterprise delivery, and strategic sales. In this new role, he will drive global growth initiatives and cloud…
Shipra Prajapati
India Opens First Semiconductor CMP Pad Hub in Hyderabad
India reached a major milestone in producing computer chips domestically. On Saturday, July 11, 2026, Telangana’s IT Minister, D. Sridhar Babu, opened the country’s very first Chemical Mechanical Polishing (CMP) Pad Technology Hub. This advanced centre is located at the T-Works facility in Hyderabad. Valued at ₹8 crore, this advanced open-access facility has been successfully…
Manya Khurana
India Plans to Launch First LPG Efficiency Policy
As ongoing geopolitical conflicts in West Asia severely disrupt global energy supply chains, an Indian energy firm has formally urged the central government to roll out the nation’s first LPG Efficiency Policy Framework. The detailed structural presentation was submitted by Pune Gas to the Ministry of Petroleum and Natural Gas. This urgent push follows an…
Vipin Kumar
CCI Clears upGrad-Unacademy Acquisition DealÂ
The Competition Commission of India (CCI) cleared the acquisition by upGrad Education Private Limited and Sorting Hat Technologies Private Limited, the parent firm of Unacademy. This landmark decision removes the final antitrust obstacle for a major all-stock consolidation transaction valued at roughly ₹2,055 crore ($218 million) under Section 31(1) of the Competition Act. This transaction…
Himanshu
Fundamentum Launches Rs 2,200 Cr Fund III for StartupsÂ
The investment firm in a statement on Thursday announced the launch of its third fund with a corpus of Rs 2,200 crore, of which Rs 400 crore is under a green shoe option, co-founder Nandan Nilekani. Through the Fund III, it will deploy Rs 100 crore to Rs 150 crore in startups in the consumer…
PhonePe Appoints Srijon Biswas as New Tech Chief
Digital payments giant PhonePe has officially named Srijon Biswas as its new Chief Technology Officer. Biswas joined the firm back in 2016 and previously ran the engineering division for its financial services business. In his new executive role, he will manage the entire engineering team of the company. He will also keep reporting directly to…
India’s AI Ambitions Face Workforce Readiness Crisis
India is aggressively pushing for technological self-reliance by backing local platforms, even as domestic enterprises struggle with a widening workforce readiness gap. Recent data reveal a stark mismatch between corporate adoption of artificial intelligence (AI) and employees’ actual capabilities across Indian industries. According to the latest People Readiness Report by Kyndryl India, only 25% of…
UP Startup Policy 2026: Rs 15 Lakh Seed Fund Approved
The 2026 Startup Policy has been approved by the Uttar Pradesh Cabinet to boost the State’s business and technology sectors. These new rules help in raising the seed funding amount to Rs 15 lakh for new businesses and will also offer a monthly allowance of Rs 20,000 for two years to pay for their daily…
PFC-REC Merger Approved: New ₹11 Lakh Cr NBFC GiantÂ
The boards of the government-owned companies, Power Finance Corporation (PFC) and REC Limited, have officially approved a merger plan. This mega merger will combine REC into PFC, creating India’s largest power sector financing company. The landmark deal unites two top state-run lenders to manage a massive combined loan book exceeding ₹11 lakh crore. Under the…
