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Pre-seed venture fund All in Capital, which has backed startups such as Giva, Newme, PierSight Space, and Seekho, has launched its second fund with the target of raising Rs 200 crore, along with a greenshoe option for another Rs 100 crore. The venture capital firm, founded by former Upgrad executive Kushal Bhagia with Aditya Singh, has already marked the first close of fund II at Rs 85 crore, securing investments from Indian tech founders, family offices, and a few institutional funds of funds across India and overseas. It plans to announce the final close by the end of this year. Through this fund, the Bengaluru-based firm plans to invest in 50 startups over the next three years, with an average cheque size of up to Rs 5 crore.

Nitin Gadkari, Minister for Road Transport & Highways emphasized the nation's commitment to reducing logistics costs from the current 14-16 per cent to single digits, positioning India to compete effectively with global economic powerhouses like China and the US, at 32nd Convergence India & 10th Smart Cities India Expo. This year's expo features advancements in 5G & 6G, Artificial Intelligence (AI), Big Data, IoT, Cybersecurity, Augmented & Virtual Reality (AR/VR), Embedded Tech, Fintech, Urban Mobility, and Smart City Solutions. Attendees will also have access to the latest developments in Digital Gaming, Mobile Devices & Accessories, OTT Platforms, Security & Surveillance, E-commerce, Mobile Apps, Drone Technology, and more.

Waris Punjab De organisation, who were lodged in Dibrugarh Central Jail under the National Security Act (NSA) for the last two years. These people will be now facing trial in Punjab for Ajnala police station attack. For the last three days a 25-member team of Punjab police led by Superintendent of Police Harinder Singh Gill was camping in Dibrugarh to take back the detainees. The Punjab Police team secured the transit remand of Kulwant Singh Dhaliwal, Harjeet Singh, and Gurinderpal Singh Aujla, alias Guri Aujla, from the District and Sessions Court in Dibrugarh on Wednesday. Earlier transfer of four other detainees—Gurmeet Singh Bukkanwala, Bhagwant Singh (alias Pradhan Mantri Bajeke), Daljeet Singh Kalsi, and Basant Singh were secured onon Monday and Tuesday. A senior police official said that they will fly out on Wednesday. According to Deputy Inspector General of Police (Border Range Amritsar) Satinder Singh, police will take the investigation forward in the 2023 Ajnala police station attack incident.

Uber saw its operating revenue in India grow by 41% for the fiscal year ending March 31, 2024, reaching Rs 3,762 crore, up from Rs 2,666 crore in FY23, as it managed to reduce its losses, driven by improvement in its ride-hailing services and growth in its support and service operations. In FY24 the San Francisco-based Uber Inc’s India unit significantly narrowed its losses by 71%, bringing it down to Rs 89 crore from Rs 311 crore in FY23, according to the company’s regulatory filings sourced from business intelligence platform Tofler. Over the past five to six years, Uber has been doubling down on its focus on the mobility segment. In FY24, its ride-hailing revenue in India surged by 19% to Rs 806 crore, up from Rs 678 crore the previous year. Additionally, revenue from support services grew to Rs 2,936 crore, compared to Rs 1,977 crore in the previous year.

Subscribe to enjoy similar stories. Nvidia is fighting to hang onto its command of artificial intelligence, as the technology evolves to chips outside of the data center. Major tech companies have been racing to build data centers, the facilities where AI models are trained and run globally—and where Nvidia’s AI chips dominate.

Subscribe to enjoy similar stories. The decade ending 2023-24 shows an interesting trend of a distinct decline in the contribution of manufacturing to India’s overall story of economic growth. While it may not exactly be called ‘de-industrialization,’ given the high level of sophistication we have reached in terms of the spread and quality of products, a grand shift to services is discernible and may prove quite challenging to reverse.

Bharat Petroleum Corporation Ltd (BPCL) shares are set to gain investor attention on Wednesday after the company announced its partnership with BluJ Aerospace and KPIT Technologies for various projects. Additionally, BPCL also informed the launch of the 'Emerge' cohort under the BPCL Ankur Fund to support startups.

Alphabet will be acquiring cybersecurity startup Wiz for $32 billion. This is Alphabet’s largest-ever deal as it seeks to enhance cloud computing security. The price of the acquisition, announced on Tuesday, is significantly higher than the $23 billion Google had initially offered for Wiz in 2023. The all-cash acquisition is expected to strengthen Google Cloud’s security capabilities against rivals Amazon Web Services and Microsoft Azure. The 2023 deal had fallen through over antitrust concerns. This led the cybersecurity startup to shift its focus towards an initial public offering (IPO) and boosting recurring revenue. However, with shifting regulatory policies and Wall Street’s optimism about a more business-friendly environment under Donald Trump, Google successfully revived and completed the deal.

Subscribe to enjoy similar stories. Despite the rise of legitimate streaming platforms, piracy continues to bleed India’s entertainment industry, with film and OTT content suffering the biggest blows. While music piracy has been largely curtailed due to free, ad-supported streaming, video piracy remains rampant, costing the industry a staggering ₹224 billion annually, as per a report released by EY and the Internet and Mobile Association of India (IAMAI).

Subscribe to enjoy similar stories. Mobile apps cybersecurity startup Protectt.ai said on Monday it has raised around $8.7 million at an undisclosed valuation in a Series-A funding round led by global venture capital firm Bessemer Venture Partners (BVP). The Mumbai-based company aims to use the funds to drive global expansion, undertake product innovation and nurture talent.

Pilgrim has raised Rs 200 crore through a mix of primary and secondary funding. The round was led by existing investor Narotam Sekhsaria Family Office (NSFO) and saw participation from Vertex Ventures SEA, Sattva Family Office, and Mirabilis Investment Trust. New investors Vertex Growth Fund and Anicut Equity Continuum Fund also joined the round. The Mumbai-based company said it was valued at Rs 3,000 crore before the latest funding. With this round, its total capital raised across primary and secondary rounds now stands at around Rs 421 crore.

“Ashok Talpatra was my hostel mate at IITB. His parents earned less than 10K/month, and they lived in a slum for 500 INR/month. He cracked AIR 63 out of 4.7L students and is now a Staff Software Engineer at Google in Zurich. IITs are India’s biggest social mobility enablers,” Bhatnagar posted on X (formerly Twitter).

Salesforce and initial public offering (IPO)-bound electric two-wheeler manufacturer Ather Energy on Monday announced an automotive dealer management system using autonomous artificial intelligence (AI) agents. The mobile app-based solution will allow dealers to make decisions in real time and improve customer satisfaction, the two companies said. The Ather dealership platform aims to reduce customer turnaround time which usually takes about four weeks to address. Through the collaboration, the two partners are also exploring how a shortage of skilled workforce in certain domains can be resolved. Ather Energy currently has 350 dealers across the country and will be looking to expand its footprint in the coming months, the firm said. The interface will also track the operational efficiency of different functions using AI-powered platforms.

Ola Electric have suffered a significant loss of value. Meanwhile, IT stocks continue to be laggards due to the uncertainty triggered by factors in the US. Mobikwik Shares of One MobiKwik Systems, the parent company of digital payments provider MobiKwik, sank as much as 15% in early trade on Monday, hitting a fresh 52-week low of Rs 231.05. This is due to the expiration of a three-month lock-in period on nearly 46 lakh shares, or 6% of the company's outstanding stock, making them eligible for trade.

Airtel Payments Bank has surpassed one billion transactions on its platform in January 2025, reflecting a 47 per cent year-on-year growth in transaction volume across businesses, according to a top official. Anubrata Biswas, MD and CEO at Airtel Payments Bank told PTI that the «milestone» underscores increasing adoption of digital banking and payment solutions. It also highlights the diverse business model that the bank has built over the years. The bank caters to three key customer segments, urban digital, underbanked, and industries and institutions. «The bank's extensive digital presence combined with its deep distribution of over 5,00,000 banking points across India has been instrumental in making its services accessible to millions of customers in both urban and rural areas. Today, the Bank's monthly transacting users exceed well above 100 million,» Biswas said.

Their spacecraft, Dragon, is set to return to Earth with valuable scientific research on Tuesday, March 18, 2025, and NASA will provide live coverage of the event. Though the final splashdown location will be confirmed closer to the event, it is expected to be off the coast of Florida, near the Kennedy Space Center. The live broadcast will kick off on Monday, March 17 at 10:45 pm EDT (8:15 am IST) with the spacecraft’s hatch closure preparations, and coverage will continue through the entire return process on Tuesday, March 18.

Ola Electric Mobility are expected to be in focus on Monday, March 17, after the company informed that a petition has been filed against its wholly-owned subsidiary, Ola Electric Technologies by M/s. Rosmerta Digital Services. The petition was submitted by Rosmerta Digital, which is an operational creditor of Ola, before the National Company Law Tribunal (NCLT), Bengaluru Bench. The creditor has alleged payment defaults for services rendered and has sought the initiation of a Corporate Insolvency Resolution Process (CIRP) against Ola Electric Technologies.

Subscribe to enjoy similar stories. Bengaluru: On 16 January, Refex Industries Ltd, a manufacturer of refrigerant gases, informed the stock exchanges that its wholly-owned subsidiary, Refex Green Mobility, had agreed to buy 2,997 electric cars from Gensol Engineering Ltd. Refex Green Mobility would take over Gensol’s existing loan of ₹315 crore as part of this transaction.

Subscribe to enjoy similar stories. The Union Budget for 2024-25 rightly focused on promoting inclusive growth and enabling employment-led development in India. With a goal of assisting the poor and vulnerable groups, finance minister Nirmala Sitharaman proposed a scheme for the socioeconomic upliftment of Indian workers as the government tries to help them raise their incomes and attain sustainable livelihoods for a better quality of life.

Uber Technologies is in early stages of discussions to acquire BluSmart Mobility, the Gurugram-based all-electric cab service operator, two people in the know said. A deal could help Uber increase its presence in the growing space for electric cabs in India as well as signal consolidation in the urban mobility industry. The discussions come at a time when Gensol Engineering, the solar engineering procurement and construction company promoted by BluSmart cofounder Anmol Singh Jaggi, is facing liquidity issues. “Uber is scoping out BluSmart’s assets...particularly the electric vehicle fleet, which could help shore up its presence in the segment,” one of the people said.

US recession. A raging tariff war. Supply chains in disarray. Companies grappling with uncertainty. Governments on tenterhooks. It hasn't even been two months since Donald Trump was sworn in as US President and it has been more dramatic than an episode of his reality show The Apprentice. On March 5, Trump underlined this with his plan forreciprocal tariffs on countries such as India and China. “Whatever they tariff us, other countries, we will tariff them. That’s reciprocal, back and forth,” Trump said in his first address to the joint session of Congress.