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.
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.
Air India has brought in Tewolde Gebremariam, widely credited with transforming Ethiopian Airlines into a globally competitive carrier, as its new Chief Executive Officer. He steps in following the departure of Campbell Wilson, who steered the airline through its early post-Tata acquisition phase. The appointment follows a global search and signals Air India's intent to accelerate profitable growth and strengthen its international standing.
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.
India's telecom regulator has released draft quality-of-service guidelines that would officially permit mobile network slicing, a technology that lets operators partition their networks to deliver different performance tiers for different services. The rules would allow differential pricing across service categories and require that all tariff plans state measurable speed commitments. Stakeholders have until August 26 to submit feedback on the proposed framework.
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.
India's Supreme Court has directed the Reserve Bank of India to develop standardised operating procedures for banks to combat the rising tide of digital arrest scams that have defrauded thousands of citizens. The court is also pushing for a formal framework to compensate victims of such cyber fraud. This regulatory push signals a significant tightening of compliance and consumer protection standards across the banking and financial sector.
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.
A new report projects the electric vehicle sector could create between 30 and 40 million jobs across the economy by the end of this decade. The vast majority of these roles — roughly 85 to 90 percent — are expected to be indirect, spanning supply chains, services, and supporting industries. Direct manufacturing and operational roles would account for the remaining 10 to 15 percent.
The World Gold Council is lobbying for gold to be classified as a strategic mineral in India, a move that could fast-track mining approvals and reduce the country's heavy dependence on gold imports. The proposal also includes simplifying India's gold monetization schemes to unlock value from the enormous stockpile of gold held by Indian households. Central banks worldwide are expected to keep accumulating gold amid ongoing geopolitical and economic uncertainty.