Bhuvnesh Ojha
Department of Telecommunications (DoT) has issued new guidelines which are aimed at tightening control over satellite-based internet services. Companies, under updated regulations, must now secure explicit security clearances for each proposed gateway hub location within Indian territory. This comes at a time when Starlink and Amazon's Project Kuiper are seeking GMPCS licenses to work in India.
May 5th, 2025
Vaishnavi Mishra
Gensol Engineering's shares fell 5% and hit the lower circuit for the 17th session in a row on Monday amid multiple probes over alleged fund diversion by its founders. Gensol’s share price has tanked by 57% in the previous 17 sessions. The company's shares tumbled to their 52-week low of ₹70.49 at close on Monday.
May 5th, 2025
Delhi NCR-based commercial vehicle marketplace 91trucks has raised ₹42.92 crore in a funding round led by Arkam Ventures along with Titan Capital, Sparrow Capital and India Accelerator. While Arkam Ventures has invested about ₹25 crore, Titan Capital, Sparrow Capital and IA pooled in ₹14.99 crore, ₹1.73 crore and ₹99.99 lakh, respectively, in the round.
May 5th, 2025
Blume Ventures-backed Zoplar shut its operations in February, just a month after it raised $3.4 mn in its Series A funding. The startup is now returning the capital raised in its Series A round to its investors. Zoplar decided to shutter its operations after Central Drugs Standard Control Organisation, earlier this year, said that imports of refurbished medical devices aren't allowed in country.
May 5th, 2025
Vaishnavi Mishra
MobiKwik Co-Founder and CFO Upasana Taku said it's an exciting time to be in India's fintech sector but there is much more work that's needed to be done. "400-500 million Indians are actively paying digitally...everyone else is still on cash," she said. "The overall market opportunity is still...very large...Next 20 years it's going to be a growth story," she added.
May 5th, 2025
Shristi Acharya
Swiggy's shares closed 12.61% high at ₹343.85 on Monday, marking the biggest single-day rise since its IPO. The e-commerce platform's stock is still down 36% so far in 2025 despite the surge. Swiggy had earlier announced the expansion of its quick food delivery service 'Bolt' to over 500 cities after Zomato had shut down its 10-minute food delivery service.
May 5th, 2025
Shristi Acharya
TCS has cut senior employees' variable pay by 69% in Q1 FY26, reports stated. This is TCS' third consecutive quarter of variable pay cuts as it reduced variable pay for senior employees by 20–40% in Q2 FY25 and by 30% in Q3 FY25. Additionally, TCS announced that it will postpone this year's wage increases, which it usually does in April.
May 5th, 2025
Ahmedabad startup ActionLabs.ai launched ActionAgents, a platform where businesses and individuals can hire AI agents just like freelancers. It also provides free credits to try the AI agents before paying to use them. Bootstrapped with ₹20 lakh, the platform crossed 3,000 users in 8 weeks. Now, it plans to onboard developers and reach 1 million users in 2 years.
May 5th, 2025
A new BCG report reveals that only 8-10% of India's 2-2.5 million creators earn steady income, with most making under ₹18,000 a month. Oversupply and low ad rates pose big challenges, though niches like finance and education are growing. Creators are shifting to new models like live commerce, subscriptions, and affiliate marketing to boost earnings.
May 5th, 2025
Mumbai-Ahmedabad High Speed Rail project progressed after two firms- Alstom Transport-Larsen & Toubro JV and DRA Infracon-Siemens JV submitted bids for the signalling and telecommunication system contract Package S-1. The project aims at designing, manufacturing, supplying, installing, and providing Comprehensive Maintenance of the Signalling and Train Control System on the MAHSR Bullet Train.
May 5th, 2025
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Vaishnavi Mishra
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