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.
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.
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.
A new employer brand report ranks Google as the most desirable workplace in India for 2026, with Tata Group and Amazon rounding out the top three. The remaining top-ten spots go to a mix of global tech giants and homegrown conglomerates, including Infosys, Reliance, ITC, HUL, Mahindra, Samsung India, and Dell Technologies. The rankings reflect where Indian professionals most aspire to work, signalling strong demand signals across both tech and traditional sectors.
The Reserve Bank of India is preparing to publish its updated list of NBFCs classified under the 'upper layer' tier of its scale-based regulatory framework. Companies that land on this list will be obligated to list their shares on public markets, adding a new layer of governance and disclosure requirements. The list has not been updated since early 2025, and prominent conglomerates such as Tata Sons are being watched closely for potential inclusion.