fintech company

Bolt CEO Ryan Breslow defended eliminating the HR department and significant layoffs, citing a need to revive the company after years of declining valuation. He argued that the previous HR team created problems and that a leaner "people operations" approach is necessary for the company's current "wartime" mode and focus on execution.

Mark Cuban advises recent graduates to prioritize small businesses for their careers, highlighting their significant role in job creation. He asserts that AI will empower these smaller firms to compete more effectively with larger corporations, leading to an increased percentage of new jobs originating from them annually.

Anthropic co-founder Daniela Amodei revealed her challenging departure from OpenAI, emphasizing trust in one's own judgment. The AI giant, now a major rival to OpenAI, has seen a meteoric rise, recently surpassing its competitor in valuation after a significant funding round. Amodei also shared a unique tip for entrepreneurs: test potential co-founders with a shared vacation.

Google DeepMind CEO Demis Hassabis argues companies cutting engineers due to AI are misguided. He believes increased productivity should fuel more projects, not layoffs. Hassabis sees AI as an opportunity to expand ambitions, not shrink workforces, and is eager to hire talent shed by rivals for new ventures like drug discovery and game design.

Bengaluru-based Scapia, a travel-fintech innovator, has secured $63 million in a funding round led by General Catalyst. This capital infusion will fuel the expansion of its integrated travel and financial services, including co-branded credit cards and AI-driven product development. The company aims to enhance user experience across bookings and payments, with domestic travel bookings showing significant growth.

A new wave of tech IPOs is poised to create a generation of employee millionaires, mirroring past Silicon Valley booms. Companies like SpaceX, OpenAI, and Stripe are preparing for public listings, with valuations in the billions, offering significant payouts to their equity-rich staff.

Anthropic and OpenAI have fired another salvo, launching their own services companies. While some believe this will force software firms to become more differentiated, others price these stocks at zero earnings growth

Fintech startup Parker, known for its corporate credit cards and banking services for e-commerce businesses, has filed for Chapter 7 bankruptcy. Despite raising over $200 million, the company reportedly shut down abruptly after acquisition talks failed. This leaves its small business customers in a difficult situation regarding access to funds.

Mid-career professionals in India are increasingly shifting to product management as it sits at the nexus of technology, business, and customer needs, offering strategic influence, growth, and innovation opportunities amid the rapid expansion of digital, tech-driven industries.

Four major investors, including Peak XV and Sequoia, are selling a 4.3% stake in fintech firm Groww, valued at approximately $500 million. This move comes as the lock-in period for pre-IPO shareholders is set to expire soon, potentially releasing shares worth over Rs 81,000 crore into the market.

Engineering remains a powerful career option, but AI has changed its terms. Routine coding is getting automated, entry-level work is being compressed, and the old B.Tech-to-job promise looks less secure. The opportunity now belongs to students who combine fundamentals, AI fluency, domain understanding and judgement — not those who treat engineering as just another coding degree.

US-based Silicon Road Ventures and veteran banker Ajay Mahajan have launched a Rs 150 crore fund targeting startups in agentic AI for commerce and retail. The Sebi-registered fund will back early-stage companies in e-commerce, supply chain, fintech, and retail operations, focusing on automated decision-making solutions rather than capital-intensive ventures.

SoftBank's Indian investments took a hit in the January-March quarter, with its portfolio losing over $600 million. Major companies like Swiggy and Ola Electric saw value dips, though Lenskart provided a small gain. This comes as many of SoftBank's recent Indian IPOs face investor concerns about profitability and growth.

India's enduring love for gold spans centuries, evolving from tradition to modern investment. Women hold vast reserves, and the market is set for significant growth. Digital gold and ETFs are gaining traction alongside traditional jewellery. Gold remains a symbol of prosperity, security, and auspiciousness for Indians across generations.

The UAE has become the first country to grant a Stored Value Facilities (SVF) license to a cryptocurrency platform, allowing regulated digital asset payments. This landmark approval enables UAE residents to pay government fees using cryptocurrencies, integrating virtual asset payments into the nation's regulated financial system and bolstering its digital economy.

IGNOU’s Campus Placement Cell and IGNOU Regional Centre Mumbai will organise a mega placement drive in Mumbai on May 16, 2026, offering more than 250 vacancies across manufacturing, e-commerce, healthcare, fintech, logistics, banking and HR sectors. Companies including Blinkit, HDB Financial Services, Insta Courier and ImpactGuru will participate. Undergraduate, postgraduate and diploma students, along with alumni and experienced candidates, are eligible to apply. Selected candidates may receive salaries between Rs 25,000 and Rs 45,000 per month.