Bay Capital Partners on Thursday appointed Delhivery's ex-Chief Business Officer Sandeep Barasia and ICICI Venture's Tej Kapoor as Co-founders and partners. This comes amid the firm's likely launch of a Digital Opportunities Fund to support high-quality businesses in the digital space. About ₹1,000-1,500 crore is being raised for the new fund, which will invest in both private and public markets.

Renowned AI scientist Andrej Karpathy said AI-powered "brain upload" startups could emerge sooner than expected. Instead of scanning brains as depicted in sci-fi, such startups could use detailed interviews and LLM fine-tuning to "upload" individuals and give them an API endpoint to interact with their simulation. "Trippy and kind of dystopian, but in principle quite possible around now," he said.

OpenAI placed its Stargate UK data centre plan on hold, citing rising energy costs and feasibility concerns. The development comes alongside the reported departures of three senior executives from the firm, namely Peter Hoeschele, Shamez Hemani and Anuj Saharan, as per The Information. Notably, all three are going to an unnamed new firm, amid OpenAI's internal workforce reshuffle.

Detroit Engineered Products (DEP) launched an AI-powered platform, DEP AIWorks, in India, combining machine learning with physics-based simulation to accelerate product development. It will enable fast model deployment and reduce simulation time. Targeting automotive, aerospace and energy sectors, the platform is expected to support end-to-end engineering processes, from design to manufacturing.

Tata Consultancy Services (TCS) ended FY26 with a workforce of 5,84,519, down 23,460 from the previous financial year. The IT major reported ₹1,388 crore in restructuring expenses, according to its filings. Of this, ₹1,268 crore was utilised during the year, reflecting costs related to employee exits and related measures. The company reported a net profit of ₹49,210 crore in FY26.

The RBI has proposed introducing a ₹1 lakh crore asset threshold for classifying upper-layer non-banking financial companies (NBFCs). Under the proposed amendments, the upper layer will comprise NBFCs with an asset size of ₹1 lakh crore or more, based on their latest audited financial statements. The central bank has also proposed including government-owned NBFCs in this classification.

The Nifty 50 index has delivered zero returns in dollar terms over the past four and a half years, Moneycontrol reported, citing data from DSP. The rupee's sharp fall against the US dollar is one of the key reasons behind the erosion in returns. Foreign investor outflows, geopolitical concerns and soaring oil prices have also weighed on the index.

Swiggy Co-founder Lakshmi Nandan Reddy Obul has resigned from the food delivery platform to pursue other projects. According to an exchange filing, he has stepped down from his roles as Whole Time Director and Head of Innovation. Separately, Co-founder Phani Kishan Addepalli and CFO Rahul Bothra have been appointed as additional directors.

Top pre-market gainers include iSpecimen (ISPC), soaring 69% on a new shipping model, and Wellgistics (WGRX), up 45% after ending a share agreement. Erayak Power (RAYA) rose 34% following a capital raise. Stocks moved as US equities edged lower amid lingering US-Iran tensions and Trump's criticism of reported Hormuz Strait tolls.

TSMC shares jumped 2% pre-market after Q1 revenue surged 35% to $35.6 billion, topping estimates. Driven by strong data center demand and price hikes, the record quarter highlights resilience despite supply chain risks. Investors await full earnings on April 16, with the stock up 20% year-to-date.