India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Hyderabad : Helex, a US and India based therapeutics startup developing a new class of targeted medicines for genetic kidney diseases, today announced its oversubscribed $3.5 million Seed round, led by pi Ventures. Others participating in this round include Bluehill Capital, SOSV, and a global syndicate of investors. With this round, Helex has raised over $6 million in total funding to date. With its recent funding, the company will accelerate preclinical development of its lead program, advance its proprietary kidney-tropic LNP delivery system and Epic-Cure™ 3D genome-based drug design platform, and expand into additional kidney indications to build a robust pipeline to deliver transformative impact for patients. Incubated at ASPIRE-BioNEST, University of Hyderabad, Helex is pioneering a paradigm shift in the treatment of chronic and rare kidney disorders by developing programmable, non-viral LNP therapeutics that deliver genetic payloads directly to kidney cells - a feat long regarded one of the greatest challenges in drug delivery. The company's platform is powered by data-driven deep-learning modeling using its own genomics data, bioinformatics and high throughput sequencing data from gene-edited target cells, to create, verify, and deliver disease-specific gRNA. By solving for kidney-targeted delivery, Helex opens the door to a new class of targeted, curative medicines for millions of patients who currently have no effective treatment options. Helex was founded in 2021 by Dr. Poulami Chaudhuri (CEO), Rohini Kalvakuntla (CBO) and Anirudh Nishtala (COO) - three friends and long-time collaborators with deep domain expertise. They bring together extensive experience in the fields of LNP based delivery for genetic diseases, genome editing, molecular biology, drug development, as well as significant expertise in healthcare strategy and healthcare policy for advanced therapies. Their collective vision drives the innovation and the groundbreaking work Helex is doing in developing targeted therapeutic technologies. The company's lead program targets Autosomal Dominant Polycystic Kidney Disease (ADPKD), a progressive inherited disorder affecting more than 12 million people globally and nearly 5%1 of Chronic Kidney Disease (CKD) patients in India. Today, patients with ADPKD face a devastating trajectory, often culminating in dialysis or kidney transplant. Helex aims to change that with a single dose non-viral gene editing based therapy that could halt or significantly slow disease progression. "This is more than a new treatment; it's a new hope," said Dr. Poulami Chaudhuri, co-founder and CEO of Helex. "For far too long, patients with ADPKD have had to rely only on symptom management, with no true disease modifying options. We wish to change that. By enabling targeted delivery of genomic medicines directly to the kidney, we are working to develop a transformative therapy that is also accessible and affordable for every patient who needs it. This seed round marks just the beginning of our journey." "ADPKD represents a significant unmet medical need, with current treatments limited to symptom management and not effective for all patients.," said Roopan Aulakh, Managing Partner at pi Ventures. "Gene therapies are emerging as one of the most promising frontiers in medicine. Helex's first-in-class mechanism of action has the potential to be a curative therapy and positions the company to build a differentiated pipeline of therapies for kidney diseases. We are thrilled to back this world-class team."
WarmUp Ventures Founders L to R - Rajendra Lora ,Yogesh Chaudhary , Sharad Bansal Athera Venture Partners has roped in HDFC AMC's fund of funds as an LP for its Fund IV, while Warmup Ventures is launching its second fund. HDFC AMC invests in Athera's Fund IV Tech-focused venture capital fund Athera Venture Partners, formerly known as Inventus India, on Wednesday said that HDFC's fund of funds has invested in its Fund IV, which is scheduled to close in 2025. HDFC AMC's Select AIF FoF I Scheme will be a dominant LP in Athera's Rs 900-crore fund to be invested into fast-growing tech startups ...Read More >
New Delhi [India], February 16 (ANI): With the AI Impact Summit 2026 kicking off on Monday, Indian AI and gaming startups take centre stage, showcasing cutting-edge innovations that place the country at the forefront of AI-powered gaming and immersive technologies. The summit, positioned as a premier global platform on Artificial Intelligence, brings together policymakers, investors, technology leaders and startups to highlight real-world AI applications across sectors. Among the standout participants are five Indian ventures -- Yesgnome, Metasports (Hitwicket), Koyozo, Youth Buzz (Ourcadium ...Read More >
Patna: Nephrologist Dr Hemant Kumar, who served in the field of health, was nominated for the Padma Shri on the eve of Republic Day. In an interview with TOI's Sheezan Nezami, Dr Kumar talks about his journey, inspiration and his future plans. Excerpts: Congratulations on making it to the list of Padma Shri. How are you feeling and what about the celebration? My family, everyone associated with me, and I are very happy. I was awarded for my social work and my model of working, which focused on kidney diseases and primarily on its prevention. Can you share your journey in brief? What inspire ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
New Delhi, Jul 4 (PTI) Indian fintech sector raised USD 889 million in the first six months of 2025, a drop of 26 per cent from USD 1.2 billion of H2 2024 and a five per cent slide from USD 936 million seen a year ago, according to a report by market intelligence platform Tracxn. As per the report, India ranked third globally, trailing only the United States and the United Kingdom. "While the Indian fintech sector has seen a temporary dip in funding, the steady momentum in early-stage investments and growing acquisition activity indicate that investor interest remains strong, particularly in ...Read More >
Patna (Bihar) [India], July 15: The Bihar Idea Festival, an initiative aimed at discovering and supporting emerging startups across the state, driven by ideas, identity, and innovation, has taken a significant step forward with the launch of its new portal, opening a "significant opportunity for Bihar's startup sector." Also Read | Dabba Trading-Online Betting Racket: ED Conducts Searches in Mumbai in Money Laundering Case; INR 3.3 Crore Cash, Luxury Watches and Jewellery Seized. Launched a few weeks ago, it is a flagship initiative of the Department of Industries, Government of Bihar, and Y ...Read More >
MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82, 087 and Nifty was down 35 points or 0.14 per cent at 25, 075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindra , HDFC Bank, Eternal (Zomato), HUL, Sun Pharma, Bajaj Finance, ICICI Bank, Titan and Bajaj Finserv ...Read More >
Shivalik Small Finance Bank (SSFB) has raised nearly $11.4 million led by SMBC Asia Rising Fund-Japan. In another development, Refold AI, an enterprise AI startup, has raised $6.5 million in seed funding. Shivalik Small Finance Bank secures $11.4m Shivalik Small Finance Bank (SSFB) on Thursday announced that it has raised nearly $11.4 million (Rs 100 crore) led by SMBC Asia Rising Fund-Japan, the corporate venture capital arm of Sumitomo Mitsui Banking Corporation (SMBC). The funding also saw participation from the bank's existing investors, Accel, Quona Capital, Lightspeed, and Sorin Inves ...Read More >
Kolkata, July 5 (SocialNews.XYZ) The West Bengal unit of BJP, under the leadership of its new State party President Samik Bhattacharya is making all efforts to ensure a political rally in the state, with Prime Minister Narendra Modi addressing it, before Trinamool Congress's annual Martyrs' day rally in Kolkata on July 21. An insider from the state committee of BJP said that the week before July 21, the Prime Minister is scheduled to go for an election campaign in Bihar where the Assembly polls are scheduled later this year. "We are trying hard so that the Prime Minister can spare some time ...Read More >
Patna: The state govt on Monday launched the 'Bihar Idea Festival', a dedicated portal aimed at encouraging grassroots innovation and entrepreneurship across the state. State industries minister Nitish Mishra inaugurated the portal at an event held at Soochna Bhawan, describing it as a "milestone" initiative that will allow students, youth, entrepreneurs and startup teams, even from rural areas, to submit their ideas directly to the govt."The aim is to collect innovative ideas and solutions from ...Read More >
New Delhi: The SEMICON India exhibition will feature nearly 350 exhibitors from across the global semiconductor value chain, along with six country round tables, four country pavilions, participation from nine Indian states, and over 15,000 expected visitors, S. Krishnan, Secretary, Ministry of Electronics and Information Technology (MeitY) said on Friday. "This will provide South Asia's single largest platform for showcasing the latest advancements in the semiconductor and electronics industries," he added. The fourth edition of SEMICON India will be inaugurated by Prime Minister Narendra M ...Read More >
India's biotech ecosystem has also expanded significantly, now comprising over 2,500 startups, around 100 incubators, more than 600 research institutes, and over 200 accredited laboratories India's biotech sector is entering a new phase of global relevance, with the country's bioeconomy expanding from $10 billion in 2014 to $195 billion in 2026 and projected to touch nearly $300 billion by 2033, according to a report by Endiya Partners. The report, India's Biopharma Moment: Perspectives from DE ...Read More >
Gurugram (Haryana) [India], December 12: Navanc, a pioneering FinTech startup building India's first AI-powered property score and stack for secured lending and insurance practices, has successfully raised USD 1 million in a seed funding round. The round was led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital, and marquee angel investors Also Read | US: Joe Biden Commutes Roughly 1,500 Sentences and Pardons 39 People in Biggest Single-Day Act of Clemency. The funds will be directed toward expanding operations across India, with a ...Read More >
Thiruvananthapuram: In his budget for 2025-26, Finance Minister K N Balagopal emphasised on technology, research, jobs, and education, positioning the state as a knowledge powerhouse. Here are key allocations and initiatives that could fuel the state's knowledge economy vision. Technology & AI * Rs 10 crore for establishing a world-class GPU cluster in Thiruvananthapuram to develop AI and AVGC (Animation, Visual Effects, Gaming, and Comics) industries. Unlike a CPU (Central Processing Unit), optimised for sequential tasks, a GPU (Graphics Processing Unit) excels at parallel processing, maki ...Read More >
Narmadapuram (MP), Aug 22 (PTI) A 26-year Muslim man from Madhya Pradesh has offered to donate one of his kidneys to Hindu seer Premanand Maharaj, calling him a symbol of Hindu-Muslim unity. The man, Arif Khan Chishti, has written a letter to Premanand Maharaj, a renowned religious and spiritual leader who is suffering from a kidney ailment, expressing his desire to donate his kidney. Chishti, a resident of Nyas Colony in Itarsi town of Narmadapuram district in MP, has sent the letter to the Hindu seer through the office of Collector Sonia Meena. In his letter, Arif has praised Premanand Ma ...Read More >
According to a company statement, the acquisition will help Zupee accelerate its vision of building the world's most advanced platform for interactive story entertainment. It will create an ecosystem where creators can craft branching narratives, dynamic characters and AI-powered worlds that engage audiences at scale. Zupee, India's leading social gaming and entertainment platform, on Monday announced the acquisition of Nucanon, a Sydney-based innovator in AI-driven interactive storytelling. Th ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
New Delhi [India], August 14: Ellenox, India largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50 over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand engageme ...Read More >
Chennai: A ground-breaking study published in The Lancet, one of the world's most prestigious medical journals, has revealed a shocking and direct link between prolonged sun exposure and a high prevalence of kidney disease among farmers in Tamil Nadu. The research indicates that working directly under the sun, leading to chronic dehydration, is a primary cause of kidney damage, independent of traditional risk factors like diabetes or hypertension. The study, which has sent ripples through the agricultural and medical communities, found that 5.13 percent of the surveyed farmers in the state ha ...Read More >
NewsVoir Gurugram (Haryana) [India], December 12: Navanc, a pioneering FinTech startup building India's first AI-powered property score and stack for secured lending and insurance practices, has successfully raised USD 1 million in a seed funding round. The round was led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital, and marquee angel investors The funds will be directed toward expanding operations across India, with a focus on strengthening Navanc's presence in urban and semi-urban areas. Additionally, the startup will bolster ...Read More >
New Delhi [India], June 7 (ANI): Indian quantum deeptech startup QuBeats has won the prestigious ADITI 2.0 Defence Challenge to develop an indigenous Quantum Positioning System (QPS) for the Indian Navy. The award, which comes with a grant of Rs 25 crore (USD 3 million), will enable QuBeats to build next-generation high-precision quantum sensors that promise accurate navigation in GPS-denied or spoofed environments - a critical capability for modern military operations. QuBeats said in a release that it is disrupting conventional paradigms with its innovative quantum magnetometer technology ...Read More >
NEW DELHI, July 8, 2025 - What if your child could instantly know exactly where they went wrong in a chapter -- and how to fix it? Neurobridge Tech Pvt Ltd today announced the official launch of Chanakya AI, India's first AI platform analyzing handwritten CBSE exam answers and providing personalized feedback. This breakthrough technology bridges a long-standing gap in India's ₹3,74,000 crore ($50.31 billion) K-12 education market by delivering one-on-one guidance previously available only through costly private tutoring. Chanakya AI has shown remarkable results during its year-long beta phase ...Read More >
Mumbai, April 1: AI startup Anthropic confirmed on Tuesday that internal source code for its popular developer tool, Claude Code, was inadvertently exposed online. The company attributed the incident to a "release packaging issue" caused by human error rather than a malicious security breach. While the leak provides a rare look into the architecture of one of the industry's most successful coding assistants, Anthropic stated that no sensitive customer data or credentials were compromised during the exposure. The leak gained significant traction early Tuesday morning after a post on X (formerl ...Read More >
New Delhi, Apr 8 (PTI) Indian technology startups' total fundraise declined by 18 per cent to USD 11.7 billion in 2025-26, market intelligence firm Tracxn said on Wednesday. The technology startups had raised USD 14.3 billion in the financial year 2025. "India's startups raised USD 11.7 billion in FY 2025-26, marking an 18 per cent decline from USD 14.3 billion in FY 2024-25, but a 20 per cent increase compared to USD 9.7 billion raised in FY 2023-24," Tracxn's India Tech Annual Funding Report 2026 said. According to the report, India ranked as the fourth-highest funded country globally in ...Read More >
A young woman named Oleti Pushpa (22) was killed by her live-in partner Sheikh Shamma (22) in the Ambedkar Konaseema region of Andhra Pradesh, reported India Today. She was living with Sheikh for the past 6 months after she separated from her spouse. The incident took place in Siddhartha Nagar, B Savaram village of Rajolu mandal on 16th July. Shamma reportedly accused Pushpa of having affairs with other men. He forced her to engage in prostitution and frequently instigated fights with her when intoxicated. As per police, Shamma was addicted to ganja. On the fateful night, he against pressuri ...Read More >
New Delhi [India], June 7 (ANI): Indian quantum deeptech startup QuBeats has won the prestigious ADITI 2.0 Defence Challenge to develop an indigenous Quantum Positioning System (QPS) for the Indian Navy. The award, which comes with a grant of Rs 25 crore (USD 3 million), will enable QuBeats to build next-generation high-precision quantum sensors that promise accurate navigation in GPS-denied or spoofed environments - a critical capability for modern military operations. QuBeats said in a release that it is disrupting conventional paradigms with its innovative quantum magnetometer technology ...Read More >
MHOW, India -- A disturbing incident unfolded early Saturday morning at a government hospital in Mhow, Madhya Pradesh, where a stray dog was discovered carrying the body of a newborn infant in its mouth. The grim revelation was made near the hospital's toilet,prompting an immediate investigation by authorities. A security guard at the civil hospital in Mhow, roughly 25 kilometers from indore, spotted the animal and managed to retrieve the body. hospital officials and local police are now working to piece together the events leading up to the tragedy, focusing on a possible case o ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand ...Read More >
MUMBAI, India, April 9, 2026 /PRNewswire/ -- Atlas, a technology company headquartered in Singapore, today announced it has raised $6 million in seed funding. The round was co-led by Accel and Stellaris, two of India's leading early-stage venture capital firms. The capital will be used to expand Atlas's AI platform, grow its network of partner accounting firms in North America, and accelerate go-to-market efforts in a sector worth more than $150 billion annually. In the United States alone, more than 300,000 professionals have exited the field since 2019 even as tax codes expand and client re ...Read More >
New Delhi, Feb 5 (PTI) Unicorns and startups on Wednesday met OpenAI CEO Sam Altman and discussed ways to lower the cost of AI model and data sovereignty. Paytm CEO Vijay Shekhar Sharma said during the discussion, apart from lowering cost of AI, there was an understanding seen among industry players that there should be a sovereign AI model for India and data should be kept within the country's boundary. When asked about the change that he has seen during this second visit of Altman to India, he said that the price of foundational models has come down dramatically and this will lead to an in ...Read More >