Elon Musk has filed a lawsuit demanding up to $134 billion from AI lab OpenAI and its partner Microsoft, alleging that the companies defrauded him by deviating from their non-profit origins. Musk’s legal team submitted the damages request on January 16, 2026, following a federal judge’s rejection of OpenAI and…
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Tiger Global Ruling Shakes Mauritius Investment Route
The long-preferred Mauritius route for foreign investments into India may no longer offer the certainty it once did. A recent Supreme Court ruling upholding a ₹14,500 crore tax demand against US-based investment firm Tiger Global has triggered widespread concern among venture capital and private equity investors operating through treaty jurisdictions….
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Startup IPO Boom: New-Age Firms Plan ₹50,000 Cr Listings in 2026
India’s new-age startup ecosystem is preparing for another blockbuster year in the capital markets, with consumer internet and technology companies planning initial public offerings worth nearly ₹50,000 crore in 2026. The IPO pipeline is already crowded, signalling sustained confidence in India’s digital economy after a strong listing cycle last year….
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Electronics Development Fund Boosts Tech Innovation
India’s push to establish itself as a global electronics innovation hub received a major boost through the Electronics Development Fund (EDF), a government-backed initiative that has steadily strengthened the country’s technology startup ecosystem. According to the latest data released by the Ministry of Electronics and Information Technology (MeitY), the Fund…