Blackstone-backed Aadhar Housing said it does not expect to raise fresh capital for at least the next four years, citing a capital adequacy ratio of 40%. CEO Rishi Anand said the company aims to grow its loan book by 20-22% annually and add 50 branches each year through FY27. It currently operates 628 branches, mainly in smaller towns.

Google has reduced the scope of a major IT contract with HCLTech by about one-fourth, cutting work worth nearly $50 million (₹477 crore), The Economic Times reported. The reduction affects a project valued at around $200 million annually and reflects rising automation and AI-driven efficiencies. Around 1,000 employees on the Google account will be redeployed to other roles within HCLTech.

South Korea's AI-driven stock rally turned into a $2 trillion (around ₹190 lakh crore) market wipeout as margin calls triggered forced selling. With India's margin trading book surging to ₹1.44 lakh crore, experts urge investors to avoid excessive leverage, diversify holdings, size positions carefully and use borrowed money only for stocks they can confidently hold through market volatility.

Zepto's unlisted shares have fallen nearly 23% over the past five trading sessions, bringing its implied valuation to around $3.5 billion. The decline comes after the company paused its planned IPO and opted for a pre-IPO private placement. Zepto is looking to raise about ₹1,000 crore, while its share price dropped from ₹31 to ₹27 in a week.

OpenAI CEO Sam Altman contradicted xAI CEO Elon Musk's prediction that money won't matter in another 10 years, as "civilisation will either be gone or AI/robotics will eliminate scarcity". "Clearly, I think money will still matter," Altman said. "I think [AI] will make a lot of things much cheaper...But I think...it won't just magically solve wealth inequality," he predicted.

At least 12 Indian startups, including Unacademy, have lost their unicorn status as valuations dropped below $1 billion. Others on the list include Byju's, PharmEasy, Snapdeal, Quikr, Paytm Mall, Hike, ShopClues, Rivigo, Droom, DealShare, and MyGlamm. Investors are now prioritising sustainable growth, stronger unit economics and profitability over aggressive expansion.

Shiprocket is likely to launch its IPO within the next one or two weeks at a valuation of about ₹7,000 crore. The proposed valuation is nearly 30% lower than the ₹10,000 crore valuation it secured during its last private funding round. The e-commerce logistics firm is also expected to file a revised draft prospectus with updated financial details.

OpenAI CEO Sam Altman has called for a slower pace of AI development after one of the company's models breached Hugging Face's systems. The incident highlighted how security gaps and errors could create significant risks despite the attack being relatively simple. Altman said the episode underscores the need for stronger safeguards as AI capabilities advance.

Hugging Face CEO Clement Delangue said it's "not time to slow down" the AI development but to accelerate it. The AI startup was recently hacked by an AI agent that escaped OpenAI's controlled testing environment. "If we work hard at it, AI will make the world safer, not less safe, just as most major technologies have," Delangue said.

India approved only one Foreign Direct Investment (FDI) proposal from China worth ₹1 crore in FY26, reflecting continued scrutiny. According to DPIIT data, the lone Chinese approval was among 63 government-cleared FDI proposals worth ₹10,292 crore during FY26. As per official data, China accounted for just 0.32% of India's total FDI equity inflows between April 2000 and March 2026.