Expansions, layoffs, funding, leadership moves, and policy shifts — with our take on what it means for hiring in India, today and over the next five years.
PolicyBazaar's parent company PB Fintech posted a near-doubling of net profit in the first quarter of FY27, reaching approximately ₹163 crore, while revenue grew by around 40% year-on-year. The robust financial performance signals strong business momentum for one of India's leading fintech platforms. Such results typically precede increased operational investment, including workforce expansion.
India's four largest listed real estate developers are gearing up for a wave of premium project launches worth over ₹1 trillion in FY27, aiming to compensate for a sluggish first quarter where delays held back momentum. The scale of these planned launches represents one of the most aggressive pipeline commitments the sector has seen in recent years. Whether market demand holds up will determine how much of this activity actually translates into ground-level execution.
Vingo, a peer-to-peer marketplace focused on pre-owned, unique, and collectible goods, has closed a Rs 10 crore seed funding round. The capital will be directed toward strengthening the platform's product capabilities and payment infrastructure. The move signals growing investor confidence in India's recommerce space.
EIH Limited, which operates The Oberoi Group's hotels, has joined hands with The Bhartiya Group to develop and manage 20 new ultra-premium lifestyle resorts across India. The venture aims to blend the Oberoi brand's signature personalised service with a strong wellness dimension. This marks one of the more ambitious luxury hospitality expansions announced in India in recent years.
State-owned ONGC is moving to take operational control of two oil blocks in Venezuela under the country's revised energy regulations. This follows the company's successful recovery of its stake in Russia's Sakhalin-1 project late last year, which meaningfully boosted group revenues. ONGC is anticipating fresh agreements to be formalised soon as it deepens its international upstream footprint.
Bengaluru-based electric vehicle startup River Mobility has closed a $120 million Series C funding round co-led by Elev8 Venture and Claypond Capital. The company plans to deploy the capital toward scaling up its manufacturing operations and launching new vehicle models. This makes it one of the larger funding rounds in India's EV two-wheeler segment in recent times.
Indian Railways has already deployed over Rs 1.14 lakh crore — roughly 39% of its full-year budget allocation — within the first four months of FY2026-27. The government updated Parliament on the pace of spending, which spans safety upgrades, new infrastructure, and capacity expansion projects across the national rail network. This front-loaded spending signals an aggressive push to accelerate rail development this fiscal year.
Edelweiss Alternatives' Rental Yield Plus fund has acquired a one-million-square-foot office park in Pune, marking the fund's first Maharashtra investment and fifth asset overall. The property is 95% occupied by a mix of high-profile tenants, bringing the fund's total commercial portfolio to 5.2 million square feet. The deal reflects continued institutional confidence in India's premium office space market.
Bengaluru-based electric two-wheeler startup River Mobility has secured $120 million in a Series C funding round, valuing the company's ambitions to significantly grow its manufacturing footprint. The fresh capital is earmarked primarily for expanding production capacity, suggesting a major scale-up of operations within India. This makes River Mobility one of the better-funded domestic EV two-wheeler players in the current funding cycle.
Gracenote has positioned its India technology centre as the nerve centre for its worldwide AI development, including the rollout of a new Model Context Protocol Server designed to improve how entertainment content is discovered. The facility's teams are building AI-powered workflows that transform raw, unstructured data into clean, usable metadata at remarkable speed — cutting processing timelines from days to just minutes. This makes the India centre a strategic, not just a support, arm of Gracenote's global operations.
Essar Energy Transition has secured $400 million in fresh financing from a consortium of European and UK banks, bolstering its financial position for long-term expansion. A key part of the deal involves a substantially enlarged Receivables Purchase Agreement worth $350 million, with existing banking partners ABN AMRO and Natixis increasing their exposure to the company. The capital infusion signals growing international confidence in Essar's energy transition strategy.
American shapewear and lifestyle brand SKIMS is entering the Indian market through a partnership with Reliance Brands, which will handle both physical retail and online operations. The brand's first Indian stores will open in Delhi and Mumbai, marking its entry into one of Asia's most competitive premium fashion markets. This move signals continued international brand confidence in India's growing appetite for global lifestyle labels.