[Weekly funding roundup Jan 10-16] Sharp rise in VC inflow into Indian startups
Venture capital funding into Indian startups saw a revival with the presence of a few reasonably sized transactions
US markets today: Wall Street opens higher near record levels; earnings momentum, oil rebound lift sentiment
US stocks edged higher, nearing record levels as the first week of quarterly earnings season concluded. Selective bank results, including a jump in PNC Financial Services, and a rebound in oil prices supported market sentiment. Investors now anticipate technology and AI-linked company earnings for further direction.
India's startup count rises to 2 lakh; Gujarat tops state ranking
Speaking at the Startup India event, Commerce and Industry Minister Piyush Goyal highlighted the ecosystem's growth from 400 startups in 2016 to over 2 lakh DPIIT-registered startups generating an estimated 21 lakh jobs.
Wipro ADRs fall 6% as Q3 profit declines, deal activity goes down
Wipro's US-listed ADRs dropped nearly 6% following its December-quarter results, as investors reacted to a 7% year-on-year decline in net profit. Despite improving margins and strong cash generation, subdued deal momentum and cautious client spending in developed markets impacted the IT services firm's performance.
Beyond Opulence: Purpose-driven luxury in modern India
Kotak Private Luxury Index 2025 reveals India’s wealthy now value wellness, experiential travel, and purposeful living over mere possessions, with luxury spending up 6.7 percent annually since 2022.
Reliance Industries steps up new energy push; solar, battery giga factories on track
Reliance Industries ramps up its new energy ambitions, advancing large-scale solar, battery and renewable power projects as it moves from planning to execution.
Industry Trends
Wipro Q3 net declines by 7% to ₹3,119 crore
Demand outlook pipeline is very strong while discretionary spend is something we are watching: Srini Pallia
US stocks rise higher as chipmakers jump at end of choppy week
Indian markets saw a positive start to the trading week. Chipmakers are driving gains, boosting investor confidence in AI-driven demand. Financials faced pressure due to interest rate concerns. Defensive sectors like consumer staples and utilities are also performing well. Investors are closely watching upcoming earnings reports from major companies.
Kohler growing at double the market rate in India, sees no signs of saturation
In an interaction with CNBC-TV18, Chris Ball, President, Kitchen and Bath, spoke about Kohler's openness to mergers and acquisitions in India, its strong balance sheet following the divestment of its energy business, and why being privately owned gives the company a structural edge.
Industry Trends
ISMA suggests measures to promote biofuel
Freshworks’ AI Reinvention: SaaS Giant Enters New Era With AI-First Playbook
Few companies rode the SaaS wave as diligently as Freshworks which became the first and only such company from India…