Unicorn startups like Myntra and Cult.fit co-founder Mukesh Bansal's bet on space tech startup Skyroot Aerospace has returned over 60 times the profit, reports stated, citing Tracxn data. Bansal, who had invested $1.3 million (over ₹12 crore), has a current stake worth over ₹600 crore in the firm. He has also taken over ₹100 crore via partial exits.

Billionaire T Denny Sanford passed away aged 90 on Saturday after donating $4 billion during his lifetime. Sanford, who lost his mother to cancer when he was four and began helping in his father's garment business when he was eight, had said in 2007 he wanted to die "broke". He began his philanthropic journey with a $400-million donation in 2007.

Former NITI Aayog CEO Amitabh Kant said India should scrap retrospective taxation, warning it hurts global investor sentiment. He said the world should see India as welcoming to businesses and investors. "The Tiger Global case has impacted sentiments (of investors)," Kant said. In January, the Supreme Court upheld the tax on Tiger Global's Flipkart stake sale in 2018.

Entry-level forward deployed engineers (FDEs) are earning ₹18-25 lakh a year, up to seven times more than entry-level software developers, as companies ramp up generative AI deployments. Recruiters attribute the premium to the rare combination of AI expertise and customer-facing implementation skills. Senior FDE salaries have climbed 15-25% over the past year, according to TeamLease Digital.

Elon Musk criticised the culture at US AI companies as Chinese firms continue to produce AI models. He was reacting to a viral X post that argued US AI startups treat "researchers" as higher status than infrastructure engineers, with many for-profit companies branding themselves as "labs". Musk called it "pretentious and poisonous" for for-profit companies to call themselves "labs".

Frontier AI models Anthropic's Claude Fable 5, OpenAI's GPT-5.6 Sol and Kimi K3 scored a perfect 42/42 in the 2026 International Mathematical Olympiad, where India secured an unofficial global rank of seventh. Claude Fable 5 solved all problems in one attempt within four hours. GPT-5.6 Sol needed two attempts, while Kimi K3 required four to achieve a perfect score.

Elon Musk-owned SpaceX shares have fallen in 10 of the past 11 trading sessions, hitting a fresh post-IPO low of $119.68. This represents a decline of 47% from its post-listing high of $225.64, and a drop of 25% from its first-day opening price of $160.95. The sell-off has erased more than $1 trillion from the company's market capitalisation.

Travel-tech startup 30 Sundays has raised ₹61 crore in a Series A round led by Bessemer Venture Partners. Existing investors Info Edge Ventures and Eximius Ventures also participated. The funding takes the company's total capital raised to around $7.5 million. The AI-based travel platform currently operates across four destinations and plans to expand into new markets.

A US judge has approved Anthropic's $1.5 billion settlement in a copyright lawsuit filed by authors who accused the company of using their books to train Claude without permission. The judge rejected claims that the payout was too small. It is the largest known settlement in a US copyright case and the first major AI training lawsuit to be settled.

The Trump administration is planning to impose a ban on Chinese open-source models, Axios reported, days after China launched the world's largest open AI model, Kimi K3, sparking a tech sell-off. This comes as US companies are adopting Chinese AI models that are cheaper and just as good as US models. US had tried the same approach last year too.