TECHNOLOGY
Open AI’s Pragya Misra on India hiring and expansion: "Lots of announcements coming up"
The Public Policy & Partnerships Lead at OpenAI, revealed how Indian farmers using AI for crop guidance, pest management, and mandi selection have already seen incomes rise by 35%.
TECHNOLOGY
Political mind made up on real-money gaming ban; consensus across parties on societal impact, say govt sources
FDI in online gaming sector not productive, industry making outsize profits by preying on Indian population, said a source
TECHNOLOGY
This is a balanced bill, provides clarity: MeitY Secretary Krishnan defends proposed ban on money-based games
Industry stakeholders have raised concerns about the business impact of the legislation and issues around enforcement, particularly the ability to curtail offshore operators and users accessing unlicensed platforms via VPNs. Krishnan acknowledged these challenges but said the government is “fully prepared” to address them
BUSINESS
Bhavish Aggarwal sets 25–30% market share target for Ola Electric, bets on vertical integration for better margins
Aggarwal tells Moneycontrol that the past six months have been 'transitional', as Ola Electric phased out its Gen 2 scooters, ramped up supplies of its Gen 3 models and introduced its electric bike
BUSINESS
De-risking from rare earths with ferrite magnet motors, says Ola's Bhavish Aggarwal
Ola's Bhavish Aggarwal said that starting next quarter, the company will integrate its in-house ferrite motor technology into products to de-risk from the rare earth supply chain.
BUSINESS
I don't regret taking Ola Electric public, says founder Bhavish Aggarwal on market feedback since IPO
'The best companies in the world are always built in public markets... the rigour comes in from public market scrutiny,' Aggarwal tells Moneycontrol
BUSINESS
India's EV market in middle of S curve, will see another steep ramp up soon: Ola Electric’s Bhavish Aggarwal
Aggarwal said improvements in technology will drive the next growth phase, pointing to falling costs, higher ranges, and faster charging speeds.
BUSINESS
MC Interview: Grateful for learnings from public markets: Ola’s Bhavish Aggarwal amid battery gigafactory launch, China supply risks
Ola Electric CEO Bhavish Aggarwal guided Moneycontrol’s Chandra R Srikanth through the intricate cell manufacturing process, while candidly addressing questions on market share, user feedback, competitive dynamics and lessons drawn from the public markets.
BUSINESS
Swiggy to rejig structure; appoint finance heads for Instamart, food delivery
Once the move to a new model is completed, Swiggy’s organisational structure will be similar to that of Blinkit, its arch-rival. The two VPs of Finance will likely report to CFO Rahul Bothra, sources told Moneycontrol.
BUSINESS
Swiggy’s Instamart reclaims second spot from Zepto in quick commerce, surges ahead on net merchandise value
Based on NMV, Blinkit had a 52 percent market share, Swiggy was number two with a market share of 25 percent and Zepto was in third place with a 23 percent market share, the data, accessed by Moneycontrol, showed.
BUSINESS
Speciale Invest raises Rs 600 crore for third fund to boost India’s deep-tech and sovereign-tech sectors
The fund close comes amid growing investor interest in India’s deep-tech sector, fueled by strong policy support, shifts in global supply chains, and an expanding pool of commercially astute technical founders.
BUSINESS
SBI Mutual Fund, Permira, others to pick up Rs 450-crore worth of shares in Urban Company in pre-IPO round
Urban Company is being valued at around $1.8 billion, or Rs 15,500 crore, during these transactions where Accel, Bessemer Venture Partners, Tiger Global and Elevation Capital are all selling shares.
BUSINESS
Swiggy looks to net Rs 2,500 crore from Rapido stake sale
Swiggy looks for a 2.5X return on investment in just over three years. Rapido is being valued at Rs 23,000-26,000 crore ($2.7-$3 billion), a 2.5X jump in valuation in a year’s time, on the back of 120% growth in scale, sources told Moneycontrol.
BUSINESS
A91 Partners to invest Rs 175 crore in Coimbatore-based Shree Anandhaas Sweets as PE interest in space picks up
A91 Partners’ investment into Shree Anandhaas comes after Motilal Oswal (MO Alts) invested in Lal Sweets as investors bet on a large unorganised industry, and family-owned businesses, in India becoming more organised as an increasing number of consumers alter their purchasing patterns.
BUSINESS
Infosys doubles down on hiring as TCS cuts staff; CEO Salil Parekh sees rising demand for data, cloud and AI
In an exclusive interview with Moneycontrol, Infosys’ CEO highlights strong demand for AI and cloud, signalling continued growth amid industry uncertainty.
ENTERTAINMENT
MC Interview: Salman Khan documentary, Gandhi biography: Veteran media executive Sameer Nair outlines upcoming shows amid theatrical push
After a string of successes on streaming platforms, Sameer Nair of Applause Entertainment breaks down what India is watching, the struggle in the OTT and theatrical space and how India's media and entertainment industry is posed to become worth $100 billion.
ENTERTAINMENT
KBC veteran Sameer Nair charts new course for Applause Entertainment with big-screen ambitions
In the first eight years of Applause Entertainment, Nair said the focus has been on series for streaming platforms but now with the big screen push, he expect 50-50 revenues from theatrical movies and OTT
BUSINESS
Flipkart’s VP Smrithi Ravichandran set to join PE firm Multiples
Ravichandran will take up an investing role at the PE firm and oversee funding activity, source deals and double down on existing portfolio companies across sectors in her new role, sources told Moneycontrol.
BUSINESS
MC Interview: Had to take 'difficult call' to build stronger TCS, says CEO K Krithivasan after cutting 12,000 jobs
'It has not been an easy decision and one of the toughest I had to take', TCS CEO K Krithivasan said
BUSINESS
TCS to cut 2% of workforce, affecting 12,000 employees amid skill gap and tech shift
In an interview with Moneycontrol, TCS CEO K Krithivasan described the decision as one of the toughest he has faced, calling it a necessary step to build a stronger, future-ready company.
BUSINESS
SaaS firm MoEngage to raise $200 million from ChrysCapital, A91, Goldman Sachs
The round will be a mix of primary and secondary capital. While the primary component will go towards paying tax to flip back from the US to India, the secondary component will be used to buy shares from some of its early investors
BUSINESS
Nexus Venture Partners prepares to raise $700 million for its eighth fund
Nexus will continue to bet on new-age companies in the artificial intelligence (AI), software, fintech, and commerce markets, as it had planned with its seventh fund a couple of years ago.
BUSINESS
Fidelity Investments cuts 500 jobs in India amid global role shift
The investment firm currently employs around 7,000 people in its India GCC, and said it remains committed to maintaining that number.
BUSINESS
From legacy to liquidity: Why private equity firms are courting India’s family businesses
From bakery to baggage, private equity funds and family-owned businesses are shaking hands as Millennials/Gen Zs are choosing to forge their own path, and families are wanting a catalyst for their next phase of growth. An ageing crop of Promoters is also driving PE interest in traditional firms.
