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Startup Funding

Shadowfax raises Rs 850 crore from anchor investors ahead of IPO

Logistics firm Shadowfax Technologies has secured approximately Rs 850 crore from anchor investors ahead of its IPO, which opens on January 20. The company has reduced its IPO size to Rs 1,907 crore, with a focus on diversifying its client base towards D2C brands and smaller retailers. Shadowfax reported a 68% rise in operating revenues to Rs 1,805.

Economic Times Jobs · Jan 19
Industry Trends

Provide incentive in Budget for R&D, create specialised fin institution for long-term fund: MPC member Nagesh Kumar

RBI MPC member Nagesh Kumar urged the government to offer policy incentives for R&D and establish an institutional fund for long-term manufacturing capital in the upcoming Budget. He also suggested restoring the 200% weighted tax deduction for R&D expenditure and creating a specialized development financing institution for manufacturing to boost growth and competitiveness.

ET Policy · Jan 19

At Davos, SandboxAQ CEO outlines India’s AI opportunity

Artificial intelligence is no longer optional for businesses and governments but essential for survival, according to SandboxAQ CEO Jack Hidary, who says India is well placed to use AI to scale globally, strengthen cybersecurity and build its own intellectual property.

YourStory · Jan 19
Industry Trends

Indian IT set for AI-led growth spurt in 2026: Uniphore Chief Umesh Sachdeva

After a year of caution and uncertainty, Indian IT services companies are entering 2026 with clearer AI strategies and rising confidence. As enterprises move from pilot projects to large-scale, production-grade AI deployments, demand for AI-led services, agents and industry-specific solutions is creating a sustained growth opportunity for the sector, according to Uniphore CEO Umesh Sachdeva.

CNBC TV18 · Jan 19
Industry Trends

Budget 2026: Simpler tax laws may lift FDI flows; experts flag capital cost relief

Tax and economic experts urge the Union Budget to prioritize simpler tax laws and tax neutrality for corporate reorganizations to boost India's FDI appeal. Rationalizing the tax framework and lowering the cost of capital are seen as crucial for attracting sustained foreign investment amidst global uncertainty.

Times of India Business · Jan 19