BUSINESS
Majority stake sale in IPL team Rajasthan Royals in play; The Raine Group roped in as advisor
Preliminary discussions have been held with suitors and investors and the targeted valuation for the franchise is $1bn plus, sources told Moneycontrol. Suitors for RCB may also evince interest in Rajasthan Royals, sources added.
BUSINESS
RDI Fund will be a success if Rs 1 lakh crore catalyses Rs 10 lakh crore in deep tech VC investments: DST Secretary Abhay Karandikar
Karandikar told Moneycontrol that the fund is willing to take lower returns, with an aim to produce 5-10 globally competitive deep tech companies from India in 15 years. It aims to deploy Rs 15,000 to 20,000 crore each year starting 2026.
BUSINESS
MC Interview: AI is a ‘second leg up’ for BPM; EXL’s opportunity has tripled, says CEO Rohit Kapoor
In an interview with Moneycontrol from the US, Kapoor said EXL has been posting double-digit growth, driven by a business mix that is increasingly data- and AI-led, with artificial intelligence embedded into client workflows.
BUSINESS
Deepinder Goyal’s wearable company Temple in talks to raise $50 million from Steadview, Info Edge, Peak XV Partners, others
The institutional funds backing Temple are the same ones who invested in Zomato during its early days. From Steadview to Vy Capital and Info Edge to Peak XV Partners, all the funds have been associated with Goyal during the early days of Zomato. Temple is being valued at around $125 million, sources told Moneycontrol.
BUSINESS
LTIMindtree builds 1,500 AI 'digital employees' as CEO Lambu bets on agentic future
Each agent has a human mentor responsible for training and supervising and at some point, some of them might even be 'retired' or 'fired' if they do not learn well enough, Venu Lambu tells Moneycontrol
BUSINESS
LTIMindtree will stop filing fresh H1-B visa applications: CEO Venu Lambu
Lambu said the impact on LTIMindtree's onsite delivery model will be limited because the company has already reduced its dependence on H-1B over the last few years and built a strong local hiring engine in the US.
TECHNOLOGY
How Google reclaimed the AI crown
From ‘Code Red’ to the top of the AI race, a look at how Google engineered its resurgence
BUSINESS
Danaher President Jai Shankar Krishnan joins Zetwerk board as Independent Director ahead of IPO
His appoitment comes as Zetwerk has appointed bankers and is likely to file its draft papers for an IPO confidentially in February-March 2026.
BUSINESS
Education alone is insufficient without jobs, says Infosys' Sumit Virmani
India’s next wave of social innovators must focus on turning education and training into tangible employment outcomes, Virmani has said
BUSINESS
Logistics startup Ripplr to raise Rs 400 crore in fresh round from SBI, existing investors
The Bengaluru-based firm is being valued at around Rs 2,000-2,200 crore during the ongoing negotiations, sources told Moneycontrol
BUSINESS
'In two years of 100% growth, we added a net total of just four people,' says Umesh Sachdev, CEO, Uniphore
Sachdev explains how the latest round came together, why Uniphore is doubling revenue year-on-year, how it has achieved this scale while adding a net headcount of just four people in two years, and what makes its Business AI Cloud central to the next phase of enterprise adoption.
BUSINESS
Akshayakalpa Organic in talks to raise Rs 350 crore from Temasek’s ABC Impact, Narayana Murthy's Catamaran, others
The company's valuation is also set to jump nearly 3X from Rs 590 crore three years ago to Rs 1,500 crore now, sources told Moneycontrol.
BUSINESS
Agilitas nears Rs 450 crore fundraise deal with Nexus Venture Partners
While the commitment is in, the amount will be wired to Agilitas in two tranches of $25 million (Rs 225 crore) each, sources told Moneycontrol.
STARTUP
Ronnie Screwvala earmarks $50 mn to back AI, deeptech, spacetech startups; says he’s looking for his 'next Lenskarts'
In an interview with Moneycontrol, Screwvala said India’s next wave of long-cycle value creation will come from technical founders building in frontier sectors, making this the right moment for concentrated, long-horizon bets.
STARTUP
UpGrad’s CPTO Ankur Dhawan steps down amid Unacademy acquisition talks
Ankur Dhawan joined UpGrad in 2020 and was elevated to Chief Product and Technology Officer earlier this year.
BUSINESS
Putting most digital payments through single rail could pose systemic risks, Mastercard’s Gautam Aggarwal
RBI is probably the most advanced regulator, primarily because we have found that right balance of data sovereignty, nationalist pride, still allowing international players to co-exist, he adds
BUSINESS
Spinny to acquire GoMechanic in Rs 450 crore cash-plus-stock deal
The used-car platform is deepening its push into after-sales services after narrowing losses and raising fresh capital
BUSINESS
Ronnie Screwvala says Peyush Bansal priced Lenskart IPO 20% below actual value; adds Titan ‘didn’t expand the market’
Screwvala also told Moneycontrol the valuations that other listed internet companies like Zomato (Eternal), Nykaa and PB Fintech, and others are stating are "way off".
STARTUP
Ronnie Screwvala's UpGrad in talks to acquire Unacademy for $300- $400 million
The move follows Unacademy’s leadership transition, with co-founder Sumit Jain heading test prep, and Gaurav Munjal and Roman Saini set to lead AirLearn independently.
BUSINESS
Zepto’s meat business CEO Chandan Rungta quits, latest in a string of recent exits
Apoorv Pandey, senior vice president, strategy, and Chandresh Dedhia, VP and head of information technology at Zepto, along with other employees who have spent over three years at the startup, have also quit in recent months
BUSINESS
Top domestic mutual funds, AMCs and marquee global funds queue up for Groww IPO
At the IPO price band of Rs 95–Rs 100, Groww is valued at around Rs 62,500 crore ($7.1 billion)
BUSINESS
Startup boom in 2000s killed open-source momentum in India: Zerodha CTO Kailash Nadh
Nadh also said that open-source capability is central to national technology resilience.
TECHNOLOGY
No country can build tech capacity without open source, says Zerodha CTO Kailash Nadh
He added that modern digital systems, including those used by governments and large enterprises, are built on open-source software layers that cannot be replaced or rebuilt independently.
BUSINESS
India’s market regulator is one of the most progressive in the world: Groww’s Lalit Keshre on recent F&O curbs
Groww announced the IPO price band of Rs 95 to Rs 100, which values the company at around Rs 62,500 crore ($7.1 billion)
