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Mint.Co-founder Mohal Lalbhai confirmed the fundraise, saying the company is in discussions with existing and new investors to support market expansion this financial year, but declined to comment on valuation. “We are currently in the process of raising around $50 million from existing and new investors as we look to grow our market presence over this financial year,” he said.The round is being led by existing investors, including Capital 2B, and Japan Airlines' JAL Innovation Fund, one of the two people quoted above said on the condition of anonymity.

Wipro Ltd has bagged a contract worth $1 billion over eight years from Singapore-based food processing company Olam Group, ending a nearly six-year lull of mega deals for the country's fourth-largest information technology (IT) services firm.As part of a broader engagement, Wipro will also acquire Mindsprint, Olam’s IT arm, for $375 million in an all-cash deal, the company said in a release to the stock exchanges on Monday.Following the announcement, Wipro's shares opened 3.6% higher at ₹198.4 on the BSE in a largely weak market.The Bengaluru-based IT services company will manage the food processing company’s end‑to‑end IT transformation services. Olam has committed to spending at least $800 million over eight years in modernising its IT systems with an option to spend more than $1 billion in total.Mindsprint ended last year with $136 million in revenue and the acquisition is expected to close by June, subject to regulatory approvals.

Amid the US-Israel war with Iran, concerns are growing about the safety of subsea cables in West Asia—the hidden network that carries most of the world’s internet. A large part of India’s data travels through these cables, many of which pass through regions now at risk of conflict.

Singapore-based Crypto.com said last week that it was cutting 12% of its workforce. Earlier, Atlassian and Block had cited AI adoption for job losses. But what’s lacking in these pronouncements is the evidence of how, exactly, AI is replacing workers.

Mint's requests for a comment till the time of publishing.Everstone owns a majority stake in Subway India, which also counts Norwest Venture Partners and Playbook Partners among its investors.Nearly a year ago, Mint reported that Everstone was exploring a partial stake sale in the fast-food chain’s local operations as part of a $100 million private fundraising round. Those plans have since evolved, with the company now preparing for a public market listing.Everstone operates the master franchise of Subway restaurants in India through Eversub India, giving it the right to open and operate Subway restaurants in India, Sri Lanka, and Bangladesh.

Even as several IPO-bound technology companies reassess launch timelines amid the war in West Asia, one critical element of their listing preparation—shifting their corporate domicile back to India—remains largely unaffected.Mint’s analysis of EY data shows that nearly 20 Indian tech startups have either shifted, are in the process of shifting, or are considering shifting their headquarters back to India ahead of planned listings. Of these, 13 companies have already completed the restructuring or are in the process of it, signalling that the trend is becoming a structural feature of India’s new-age tech IPO pipeline.These companies were founded in India but chose Singapore or US holding structures to tap global capital, regulatory flexibility and overseas listing, according to experts.Prominent startups, including Flipkart, PhonePe, Razorpay and Zepto, have already shifted their holding companies back to India from Singapore and the US ahead of their listings.There are some tax implications for companies shifting back, as they may lose the ability to ‘carry forward’ previous years' business losses to offset future taxable profits, according to tax experts.Further, capital gains tax on existing investors applies if the shift is made via a share swap, in which foreign shareholders exchange their shares for shares in the Indian entity.

₹74,795.57 crore in the month through 17 March, according to National Securities Depository Ltd (NSDL) data.That works out to an average daily sale of ₹6,799.59 crore over 11 sessions of the month. If the FPI selling for the remaining eight days continues with the same intensity, March would clock ₹1.29 trillion, higher than the record ₹1.14 trillion FPI outflows seen in October 2024.The average daily FPI outflow in October 2024 was ₹5,175 crore .The record selling that month was induced by rising US bond yields, over concerns of global tariff wars following a likely Republican victory in the US presidential elections.

about 20% of all engineers, or about 300,000 of them, graduating in India have core IT skills to get employment each year. With recruitment in IT firms slowing, the rise of data-driven engineering jobs across data centres could plug some of this gap.Analysts largely concur with this assessment.“India’s data centres are significantly adding value-added cloud services, which is the core area for them to generate additional revenue.

IPO-bound Singapore’s Sembcorp Industries Ltd’s Indian renewable energy business and Hexa Climate Solutions are vying to acquire the entire India renewable business of Italy’s Enel Group in a deal having an equity and enterprise value of around $100 million and $300 million, respectively, according to two people aware of the development. Sembcorp is present in India throughSembcorp India Private Limited and Sembcorp Green Infra Ltd (SGIL) along with other subsidiaries., while Hexa is backed by I Squared Capital.The HSBC-run sale process follows a deal signed last year—which later fell through—under which Waaree Energies Ltd had agreed to buy 100% of Enel Green Power India Pvt Ltd (EGP India) from its parent Enel Green Power Development S.R.L.

The market’s reaction to the joint US-Israel strikes on Iran wasn't exactly subtle. The war is choking the Strait of Hormuz, hurting tanker flows and causing oil markets to react. Brent crude price is now at $78 a barrel.Back home, the benchmark Nifty 50 index fell by 1.2% on Monday, while shares of state-run Indian oil marketing companies (OMCs) were down around 4%.

In Jules Verne’s classic Twenty Thousand Leagues Under the Sea, Captain Nemo’s futuristic submarine, the Nautilus, is battery-powered. Electric shipping has remained science fiction ever since. That might be about to change, though.

Subscribe to enjoy similar stories. From India’s uneven export growth despite a sharp rise in shipments to several countries to the country hosting the first artificial intelligence (AI) summit, new Consumer Price Index (CPI) basket resetting the inflation measurement, merchants reporting higher sales due to the digital payment system, and a gauge of national pride sentiment—here’s a compilation of this week’s news in numbers. India’s exports rose 0.6% year-on-year to $36.6 billion in January 2026, the latest trade figures released on Monday showed.

Subscribe to enjoy similar stories. The GIFT City regulator has started asking inactive companies to voluntarily surrender their licences if they do not intend to start a business, according to three people in the know, as India seeks to ensure the international finance hub is not reduced to a paper address. “Entities that remain inactive have been asked about their plans and, where there is no clear intent to operate, they may be persuaded to voluntarily surrender the license," said an official, one of the three people quoted earlier, on the condition of anonymity.

Subscribe to enjoy similar stories. DBS Bank India is looking to target India's rising ‘mass affluent’ base to become a true universal bank and stand out among its peers, who largely cater to companies and the super-rich, CEO Rajat Verma told Mint in an interview. Mass affluent refers to individuals who earn significantly more than the average consumer at around ₹30 lakh a year, but haven't yet reached ‘high-net-worth’ status.

Subscribe to enjoy similar stories. SINGAPORE—The company behind TikTok has developed an artificial-intelligence model that can turn a single text prompt into a high-quality video with a story line, scene changes and distinctive characters. The new AI video-creation model from Beijing-based ByteDance is generating buzz in China and a backlash in Hollywood over copyright issues.

Subscribe to enjoy similar stories. NEW DELHI: A Niti Aayog study on decarbonizing India's transport sector published earlier this week called for congestion pricing to disincentivize private vehicle ownership. Congestion pricing is a strategy to charge vehicle drivers a fee to enter high-traffic urban areas during peak hours.

Subscribe to enjoy similar stories. NEW DELHI : US officials are increasingly pushing India to join the Pax Silica initiative aimed at challenging China's dominance in the critical minerals supply chain. On 6 February, Jacob Helberg, under secretary of state for economic affairs, told reporters that the US is excited to invite India to join the initiative, as it is perhaps the only country in the world that can challenge China's dominance in terms of the volume of human talent.

Subscribe to enjoy similar stories. Making passenger planes is an exceptionally daunting task. There are safety requirements and complex systems, not to mention sky-high costs.

Subscribe to enjoy similar stories. Titan Co., the country’s largest jewellery retailer by revenue, plans to drive adoption and consumption of natural and lab-grown diamond jewellery as prices remain volatile for the precious stones and gold. Titan’s jewellery division needs to grow all of its arms to “really drive adoption and consumption of diamond jewellery and overall growth of the portfolio, consumer confidence and love for the brands," chief executive officer (CEO) Arun Narayan told Mint on Friday.

Subscribe to enjoy similar stories. New Delhi: India is likely to increase imports of coking coal—used mainly in steel and cement production—from the US in a bid to enhance energy partnership, as part of a trade deal between the two countries, said two people aware of the development. India is the largest buyer of US coal globally.

Subscribe to enjoy similar stories. MUMBAI : The resolution professional of edtech giant Byju's parent Think & Learn Pvt. Ltd, or TLPL, has alleged that a Singapore investment vehicle of Byju Raveendran, the embattled promoter of the platform, engaged in “unlawful conduct" to dilute the holding company's rights in test-prep company Aakash Educational Services Ltd or AESL.