OpenAI plans to launch an IPO at a $1-trillion valuation, which would require extremely rapid growth, Reuters reported. Applying a standard 30% IPO discount to the 5.6 price-to-sales ratio at which Nvidia and Alphabet reportedly trade, OpenAI would need $250 billion/year revenue by 2030. This means OpenAI would have to build a business of Microsoft's size in just four years.

Replying to Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said 6,789 recognised startups were classified as 'closed'. IT services recorded highest number of closures at 875. It was followed by 553 from healthcare and life sciences, 491 from education, 320 from food and beverages, and 301 from agriculture.

NVIDIA announced a multi-year partnership with Thinking Machines Lab, the startup founded by former OpenAI CTO Mira Murati, to deploy at least 1GW of next-generation Vera Rubin systems. The computing power will primarily be ​used to train the startup's AI models. The deal comes after the startup's recent $2 billion funding round that valued it at about $12 billion.

NSE on Tuesday directed all the members and brokers to report and return excess Securities Transaction Tax (STT) collected and retained by them. This applies to taxes collected for financial year 2023-24 and previous years. The amount must be paid along with 1% interest for every month's delay to the government. STT is collected on buying and selling of securities.

Former Infosys CFO Mohandas Pai on Tuesday questioned the tender allocation system and said, "It has been gamed with high criteria of revenues." "Big 4 [firms] are being favoured by government for various reasons. Government pays very high rates. Smaller Indian firms are being discriminated against," Pai added. This has become a closed market and needs government action, he added.

Former Meta employees Mina Fahmi and Kirak Hong's AI startup, Sandbar, raised $23 million (₹211 crore) in a Series A funding round led by Adjacent and Kindred Ventures. The company's product, the Stream ring, is an AI-powered note-taking wearable designed to record, transcribe, and organise spoken thoughts and notes via a touch-sensitive interface. The Stream rings are priced at $249-$299.

IndiGo CEO Pieter Elbers' sudden exit raised concerns in the aviation industry, Moneycontrol reported. This is because Elbers' notice period was waived off despite the airline not having decided on his successor and despite his predecessor, Ronojoy Dutta, having served a six-month notice period. Interim CEO Rahul Bhatia also said IndiGo customers didn't deserve December flight cancellation chaos.

IndiGo MD Rahul Bhatia, who took interim charge after CEO Pieter Elbers resigned, wrote to the IndiGo staff saying passengers “didn’t deserve what happened” in December 2025. He was referring to the crisis when IndiGo cancelled thousands of flights, causing chaos for passengers. Bhatia signed off the email saying: “Rahul (Main Hoon Na),” referring to 2004-film starring Shah Rukh Khan.

Air India tickets are set to increase after the Air India group on Tuesday announced a phased expansion of a fuel surcharge on its domestic and international routes. It stated that it was necessitated by the steep rise in jet fuel prices due to the Middle East war. A surcharge of ₹399 will be levied on domestic flights from Thursday.

Rahul Bhatia is co-founder and MD of IndiGo, and he will now oversee the airline’s operations after CEO Pieter Elbers stepped down from his role. He has a Bachelor’s degree in Electrical Engineering from University of Waterloo in Canada. Bhatia's net worth is about $6.5 billion, a Forbes report said. He is ranked 602nd on the Forbes global billionaire list.