Business — page 9

India confirms lower duties on bulk Scotch imports under UK FTA

India assures liquor manufacturers it will honor UK FTA commitments on bulk Scotch whisky imports, resolving classification disputes and supporting margin…

Tarun Mottlia

Nov 3, 2026

Christmas Sparkle sees 20x jump in demand as cost-of-living crisis drives referrals

Taunton charity Christmas Sparkle reports distributing 10,000 gifts in 2025, up from 500 in 2015, as referrals rise due to economic pressures.

Tarun Mottlia

Nov 3, 2026

NTT DATA explores expansion in Mangaluru and Udupi, Karnataka

NTT DATA discusses expansion plans in Mangaluru and Udupi with Karnataka officials, focusing on data centres, cloud services, and sectoral collaborations under…

Tarun Mottlia

Nov 3, 2026

Marvell to acquire Lumentum for $115 billion in all-stock deal

Marvell Technology Inc. agrees to acquire Lumentum Holdings Inc. for $115 billion, combining semiconductors and optical components to lead AI connectivity…

Tarun Mottlia

Nov 3, 2026

Ryanair warns of 20% airfare hike, considers wage freeze as fuel costs surge by €2bn

Ryanair is weighing a temporary wage freeze for staff and warns of a 20% airfare increase in Europe as fuel costs rise by €2bn due to Middle East tensions.

Tarun Mottlia

Nov 3, 2026

Omen AI acquires Aquatic Labs for $16 million to expand data center fluid monitoring

Omen AI buys Aquatic Labs in a $16M deal to combine sensor technologies for real-time monitoring of data center cooling fluids, targeting 1 GW of chip capacity…

Tarun Mottlia

Nov 3, 2026

Indrajaal raises $5.5 Mn to scale AI counter-drone technology

Indrajaal secures $5.5 Mn funding to expand its AI-driven counter-drone systems for military and critical infrastructure, targeting ₹300 Cr revenue by FY27.

Tarun Mottlia

Nov 3, 2026

Marvell acquires Lumentum for $115 billion in all-stock deal

Marvell Technology agrees to buy Lumentum Holdings for $115 billion in an all-stock deal, aiming to integrate optics into AI data centre chips.

Tarun Mottlia

Nov 3, 2026

Deutsche Bank upgrades US tech stocks to overweight after $2tn Nasdaq selloff

Deutsche Bank reverses its neutral stance on US tech stocks, citing a $2tn Nasdaq selloff as a buying opportunity despite regulatory and geopolitical risks.

Tarun Mottlia

Nov 3, 2026

India’s deeptech startups attract early-stage funding from VCs

India’s deeptech ecosystem is gaining momentum as VCs like IIMA Ventures, VU Venture Partners, and Oister Global invest in AI, manufacturing, and agri-tech…

Tarun Mottlia

Nov 3, 2026

ESDS Software Solution reports 40.7% YoY net profit growth to ₹31.1 Cr in Q2 FY27

ESDS Software Solution’s Q2 FY27 net profit rose 40.7% YoY to ₹31.1 Cr, with revenue up 48% to ₹138.3 Cr.

Tarun Mottlia

Nov 3, 2026

European tech startups raise €1.3 billion across 60+ deals and 10 exits

European tech startups secured over €1.3 billion in funding last week across 60+ deals, with AI, healthtech, and fintech leading.

Tarun Mottlia

Nov 3, 2026

Microsoft partners with Lumen for AI networking on Azure, launches Xbox trade-in push

Microsoft expands its collaboration with Lumen Technologies to offer AI-focused networking solutions for Azure, alongside an Xbox trade-in program via Best Buy…

Tarun Mottlia

Nov 3, 2026

African creators build global audiences but hit payment roadblocks

African creators can build global audiences but face unreliable payment infrastructure.

Tarun Mottlia

Nov 3, 2026

Nigeria’s $19B stablecoin market grapples with liquidity fragmentation

Nigeria saw $19 billion in stablecoin inflows in 2025, but scattered supply and regulatory shifts create liquidity hurdles.

Tarun Mottlia

Nov 3, 2026

India’s crypto industry calls for regulatory sandboxes and AI tools at TechSparks 2026

WazirX, Pi42, and EmpowerEdge Ventures highlight regulatory challenges, derivatives growth, and AI’s role in crypto trading at TechSparks 2026.

Tarun Mottlia

Nov 3, 2026

Squarespace cuts 19% of workforce after $6.9bn Permira acquisition

Squarespace reduces workforce by 19% following its $6.9bn buyout by Permira. Layoffs target product and engineering teams, with enhanced severance and benefits.

Tarun Mottlia

Nov 3, 2026

Leverage Edu launches third ESOP buyback, adds 100 equity holders

Leverage Edu initiates its third ESOP buyback programme, grants stock options to 100 more employees, and reports doubled revenue in FY26.

Tarun Mottlia

Nov 3, 2026

Nagoshi Studio shuts down after NetEase pulls funding for Gang of Dragon

Nagoshi Studio, founded by Toshihiro Nagoshi, has dissolved following NetEase’s withdrawal of funding for its debut game Gang of Dragon.

Tarun Mottlia

Nov 3, 2026

Startup founders urged to rethink insurance beyond income multiples

Founders face unique risks like personal guarantees and illiquid equity. Insurance must cover household expenses, business liabilities, and talent retention.

Tarun Mottlia

Nov 3, 2026

Heidi Klum’s Halloween costume may have leaked The Batman Part II villains

Heidi Klum’s Halloween costume, created by prosthetic company Prosthetic Renaissance, hints at villains like Victor Zsasz and the Court of Owls in The Batman…

Tarun Mottlia

Nov 3, 2026

DeHaat reports 9.8% revenue decline to Rs 2,715 crore in FY26

DeHaat reported a 9.8% revenue drop to Rs 2,715 crore in FY26, with net loss widening to Rs 224 crore.

Tarun Mottlia

Nov 3, 2026

SpaceX in talks to acquire Boost Mobile or access its network in $8bn deal push

SpaceX is negotiating to acquire Boost Mobile or secure access to its network as part of an $8bn push to compete with US mobile carriers.

Tarun Mottlia

Nov 3, 2026