Skyroot Aerospace CEO Pawan Kumar Chandana said the startup's next target is to launch one rocket every month. The space venture on Saturday launched Vikram-1, India's first privately built orbital rocket. Chandana further said the company is not currently considering an IPO and is instead focused on commercialising its operations at scale.

Pawan Kumar Chandana, whose company Skyroot launched India's 1st privately built orbital rocket Vikram-1, had once scored only 51 marks in Mathematics. Born and raised in Hyderabad, Chandana developed a deep interest in science and engineering. He cleared IIT exam on his first attempt, completed his studies at IIT Kharagpur, and was recruited by ISRO. He founded Skyroot in 2018.

Carnegie Mellon University professor Russ Salakhutdinov said Moonshot CEO Zhilin Yang chose to return to China despite receiving an offer from Apple. Salakhutdinov, who supervised Yang's PhD, said Yang believed he would regret not returning home to build a startup. Moonshot recently unveiled Kimi K3, claiming it rivals the latest AI models from Anthropic and OpenAI.

India on Saturday became the third country after the US and China to achieve private orbital launch capability following Vikram-1's launch. The rocket, India's first privately built orbital launch vehicle, is built by space startup Skyroot Aerospace. The rocket lifted off from the Satish Dhawan Space Centre in Sriharikota and injected its payload into a 450-km orbit.

The Central Board of Direct Taxes (CBDT) has raised the Cost Inflation Index (CII) for FY27 to 384, up 2.12% from 376 in FY26. Effective April 1, the revised index will be used to calculate long-term capital gains (LTCG) tax for eligible taxpayers. The higher CII means that people selling long-term assets may end up paying lower LTCG tax.

The most expensive ticket currently listed for the FIFA World Cup 2026 final costs $28,479 (around ₹27 lakh) for a Section 115A seat at MetLife Stadium. TickPick said the average purchase price is $11,327, making the final the costliest US sporting event ever. Its get-in price stands at $6,943, slightly below the Argentina-England semi-final's $7,200, according to a Forbes report.

Karnataka contributed 41% of India's total software exports, the highest among all states, PTI reported. It also accounted for 24% of the country's overall exports, retaining the top position nationally. In merchandise exports, Karnataka ranked fourth with a 7.78% share, behind Gujarat, Maharashtra and Tamil Nadu. The figures were shared at the State Level Export Promotion Committee meeting.

Videogame retailer GameStop has increased its ownership in eBay to nearly 10%, according to a regulatory filing. "I'm not going to call my shots, but we're coming for eBay one way or another," GameStop CEO Ryan Cohen said. The e-commerce major had earlier rejected GameStop's roughly $56 billion offer to buy the company.

Kotak Mahindra Bank reported a 26% year-on-year rise in standalone net profit to ₹4,123 crore for the April-June quarter, beating analysts' estimates. Net interest income rose 9% YoY to ₹7,928 crore in Q1 FY27. The private lender's profit rose from ₹3,282 crore a year earlier, while asset quality improved compared with the corresponding quarter last year.

MK Surana, former Hindustan Petroleum Chairman, has busted the "myth" that blending ethanol with petrol will lower fuel prices. "Ethanol costs between ₹56.71-₹71/litre, while ex-refinery price of petrol was almost ₹53/litre. As far as OMCs are concerned, the answer is 'no', because ethanol is costlier than petrol for them," Surana said. Ethanol is like a "hedge" for OMCs, he added.