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.
Quest Global, founded by Ajit Prabhu, has grown into one of the world's largest pure-play engineering research and development firms. The company's deliberate focus on building a durable, century-oriented engineering services business places it squarely at the intersection of traditional ER&D and emerging AI capabilities. With India being a central hub for global engineering services talent, this long-term institutional ambition has direct implications for the domestic ER&D workforce.
Pune Municipal Corporation has restarted its long-stalled High Capacity Mass Transit Route project, inviting bids from consultants to handle technical planning and land acquisition across a 43-km corridor. The project connects several key locations across the city, with construction tenders expected to be floated by October following initial assessments. This revival signals a renewed push by civic authorities to modernise urban transport in one of India's fastest-growing metros.
MapmyIndia recorded a 14.9% jump in revenue from operations to Rs 139.7 crore in the June quarter, while net profit climbed 8.6% to Rs 49.7 crore. The homegrown mapping and geospatial technology company continues to demonstrate consistent financial momentum, suggesting sustained capacity to invest in talent and product development.
InRisk Labs has raised $27 million in fresh funding, with a significant portion earmarked for technology development and specialist hiring. Its subsidiary EarthRe has also secured a reinsurer licence, opening a new regulated line of business. The capital will support expansion into additional insurance segments and the creation of event-based risk products.
Ola Electric has entered into an MoU with Axis Energy to deploy up to 20 GWh of battery energy storage systems across utility-scale projects by 2032. The deal is the first major commercial tie-up for Ola's Mahashakti energy storage platform, which is slated to officially launch on Independence Day. The agreement signals Ola Electric's push beyond EVs into India's rapidly growing grid-scale energy storage sector.
Apple's India business has crossed a significant milestone, with revenues approaching ₹1 lakh crore in FY26, reflecting roughly 20% year-on-year growth. iPhone shipments in the country climbed to 14 million units, a 24% jump compared to the previous fiscal year. This sustained momentum signals that India has firmly cemented itself as one of Apple's most strategically important markets globally.
Aastha Spintex has built up a substantial order book worth over Rs 51 crore for its Falcon Yarns product line, with demand visibility stretching into late 2026. The company also posted a net profit of Rs 23.8 crore for FY26 alongside total income crossing Rs 443 crore, reflecting strong business momentum. A board-approved 1:1 bonus share issue further signals confidence in the company's financial health.
India's hospitality and travel industry is projecting steady revenue growth through the remainder of the year, with domestic tourism, corporate travel, and MICE (meetings, incentives, conferences, exhibitions) segments all showing signs of resilience. Strong forward bookings suggest demand is holding firm even as geopolitical uncertainty in West Asia creates some headwinds. Industry stakeholders remain cautiously optimistic about performance in the near term.
Mumbai-based fintech startup Mintoak has acquired ICC Loyalty, a Dubai-headquartered company specialising in loyalty and rewards technology, to broaden its offerings beyond merchant payments. The deal marks a strategic push by Mintoak to build a more comprehensive fintech platform for banks. This cross-border acquisition signals growing ambitions within India's merchant banking fintech space.
Kily, an Indian startup building agentic AI solutions, has secured ₹30 crore in a funding round led by an early-stage venture capital firm. The fresh capital is earmarked to accelerate deployment of its AI platform across the market. This investment signals continued investor appetite for agentic AI ventures in India's growing tech ecosystem.
Two seasoned Indian startup executives — formerly at logistics giant Delhivery and travel platform Cleartrip — have co-founded Profound, a new venture aimed at delivering AI-powered professional support services to individuals. The startup signals a growing conviction among experienced operators that working professionals in India need smarter, tech-driven tools to navigate their careers. This adds to a broader wave of AI-first platforms targeting the career and employability space.
Ather Energy has reported a notably improved first quarter, managing to significantly reduce its losses even as broader concerns swirl around slowing electric two-wheeler sales in India. The performance stands out against a backdrop of industry-wide headwinds, suggesting the company has made meaningful operational and cost-efficiency gains. This turnaround positions Ather as a relative bright spot in what has been a turbulent period for Indian EV makers.