Ashley Paul
GameStop CEO Ryan Cohen is being trolled online for his responses to a journalist, who asked him how the 'math math' in GameStop's $55-billion eBay buyout bid. The journalist said debt, cash reserves, and stock bring total to $40 billion, asking where the remaining $15-billion financing will come from. "It's half cash, half stock...We'll see what happens," Cohen responded.
May 7th, 2026

Pronto has extended its Series B round to $45 million with a $20 million investment from Lachy Groom, co-founder of Physical Intelligence and an early Zepto backer. The household services startup is now valued at $200 million. Pronto has rapidly scaled bookings and workforce numbers as it expands services and strengthens its presence across Indian cities.
May 7th, 2026

Vaishnavi Mishra
Former JPMorgan Chase banker Chirayu Rana allegedly demanded over $20 million from the bank before filing his lawsuit accusing colleague Lorna Hajdini of sexual abuse, The WSJ reported. JPMorgan later offered Rana $1 million to settle the matter, but Rana's lawyer proposed a counteroffer of $11.75 million. The lawsuit centres on serious allegations of racist abuse and forceful drug use.
May 7th, 2026

Jessica Rajan
E-commerce marketplace Meesho reported a 47% YoY increase in operating revenue to ₹3,531 crore for the March quarter. Its net loss narrowed to ₹166 crore from ₹1,391 crore a year earlier, due to a one-time expense recorded in the corresponding quarter last year. The growth was driven by strong order volumes, with net merchandise value rising 43% to ₹11,371 crore.
May 7th, 2026

Ashley Paul
GameStop CEO Ryan Cohen began auctioning his company's items on eBay to raise money and buy the online marketplace, following which eBay suspended his account. GameStop earlier made an unsolicited offer to buy eBay for $55 billion. The items he's selling include GameStop store signs (current highest bid of ₹10.24 lakh) and a Halo 3 flag (highest bid of ₹86,000).
May 7th, 2026

Vaishnavi Mishra
Corning, a 175-year-old US company specialising in glass, ceramics and related materials, is partnering with Nvidia to manufacture advanced optical connectivity solutions needed to power AI infrastructure. Nvidia is getting warrants to buy up to 15 million Corning shares at an exercise price of $180 per share. Corning shares rose by more than 19% in early trading following the announcement.
May 7th, 2026

Ashley Paul
Salesforce has committed to hiring 1,000 AI-native freshers to prove that AI isn't upending human employees. The hiring program will fast-track AI-native talent into hands-on, high-impact positions across engineering, product, sales and more. Salesforce estimated that freshers using AI are likely to work 3x faster than legacy managers and drive a 40% increase in work quality.
May 7th, 2026

The Purandar International Airport project near Pune has entered a major phase with land acquisition compensation finalized for over 6,500 affected families. Farmers and landowners could receive up to ₹2 crore per acre, along with additional benefits for homes, trees, wells, and rehabilitation support. The mega airport project is expected to transform Purandar into a major economic hub.
May 7th, 2026

Mumbai's expanding AC local train network is offering commuters relief from extreme summer heat, but it is also causing growing frustration due to delays, overcrowding, and reduced non-AC services. As railways increase AC train frequency across busy suburban corridors, many daily passengers say the move is disrupting Mumbai's tightly packed railway schedule.
May 7th, 2026

Tunnel-8 of the Rishikesh - Karnaprayag Rail Project has officially become India's longest railway tunnel at nearly 14.57 km. Built through the fragile Himalayan terrain in Uttarakhand, the tunnel is a major engineering milestone for the ₹37,000 crore rail project. Once completed, the railway line will significantly improve connectivity, tourism, pilgrimage access in the Garhwal region.
May 7th, 2026

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