Chennai-based space startup Agnikul Cosmos raised ₹150 crore in Series C funding to develop small satellite launch vehicles. The round attracted new investors, reflecting growing interest in India’s commercial space sector. With deeptech momentum and increasing capital in space ventures, Agnikul’s progress toward orbital launch milestones will be closely monitored by industry observers.

Nuvve shares surged 66% premarket after the City of Socorro, the Socorro Electric Cooperative, and Nuvve New Mexico formed a strategic partnership to accelerate clean-energy and transportation electrification. The MOU outlines six focus areas, including grid modernisation, school-bus electrification, and transitioning the city fleet to EVs, boosting optimism around technology and project pipeline.

Bitcoin plunged to $82,200, extending a 24-hour slide that triggered over $2 billion in crypto liquidations, mostly from long positions. BTC alone accounted for more than $1 billion, with Ethereum and Solana also hit hard. Glassnode data shows realized losses returning to FTX-era levels, and total crypto market capitalization has fallen below $3 trillion.

The RBI announced the linking of India's UPI with the Eurosystem's TIPS platform to enable faster, cheaper and seamless cross-border remittances between India and the Euro Area. The move aligns with the G20 roadmap for efficient global payments. RBI and NIPL will work with the European Central Bank to operationalise the integration.

Kotak Mahindra Bank on Friday announced that its board has approved a stock split. Under the proposed move, one existing equity share with a face value of ₹5, fully paid-up, will be split into equity shares having a face value of ₹1/each, fully paid-up. The bank last carried out a stock split in 2010 in a 1:2 ratio.

AnaptysBio shares fell 10% premarket after the company sued GSKs Tesaro again, alleging new violations of their 2014 collaboration agreement involving PD-1 trial participation. Anaptys said it attempted to resolve the dispute before Tesaro initiated its own lawsuit. A trial is expected in July 2026, and milestone and royalty payments to Anaptys will continue during the process.

Export sector fixed-term workers will receive gratuity, provident fund and other social security benefits under the newly implemented Labour Codes. All workers in the sector will also have the option of availing annual leaves after 180 days of work in a year. Additionally, the codes enable timely wage payment and bar unauthorised wage deductions.

Under the new four labour codes implemented by the government on Friday, companies with up to 299 employees can now lay off staff without government approval. The threshold has been raised to 300 from the earlier limit of 100. Previously, companies with 100-plus employees needed government-approved employment conditions.

AI research startup Redrob has raised $10 million in Series A funding led by Korea Investment Partners, boosting its total to $14 million. The company plans to build low-cost AI infrastructure, create language models for all 22 Indian languages, and offer a free LLM to universities by 2026. Redrob also aims to support businesses with accessible AI tools.

Amazon latest round of layoffs has disproportionately impacted its engineering workforce, with nearly 40% of about 4,700 eliminated US roles being technical positions, according to state filings cited by CNBC. Mid-level software engineers, especially SDE II roles, were among the hardest hit. The filings came from New York, California, New Jersey, and Washington.

Wedbush analyst Dan Ives pushed back against rising AI skepticism, arguing that critics have repeatedly underestimated major tech shifts, from Apples iPhone launch to Netflix 2007 streaming pivot. His comments followed a day when US equities lost momentum despite Nvidia strong Q3 results, as concerns about AI overinvestment and leverage weighed on sentiment.

Delhi Police, in a 48-hour Operation Cyber Hawk with IFSO, arrested over 700 cybercriminals. Raids uncovered networks involved in phishing, investment frauds, fake customer care scams, and digital theft, with suspicious transactions worth nearly ₹1,000 crore. Authorities detained suspects, seized devices and recovered forged documents. Officials called it biggest cybercrime crackdown of the year.

Nearly 40% of the roughly 4,700 positions eliminated by Amazon across four US states last month were engineering roles, according to filings seen by CNBC. In October, Amazon announced it would lay off around 14,000 employees as part of "organisational changes". Over 500 product managers and programme managers were also fired across the states.

Yann LeCun, who joined Meta as founding director of FAIR (Facebook AI Research), confirmed he'll be exiting Meta after 12 years. He said, "The creation of FAIR is my proudest non-technical accomplishment." He added, "I'm creating a startup company to continue Advanced Machine Intelligence research programme I've been pursuing over last several years with colleagues at FAIR, NYU, and beyond."

Sophrosyne Technologies, a Bengaluru deep-tech semiconductor startup, has raised US$ 2 million in a seed round led by Bluehill VC. The funds will help it move from prototype silicon to production, grow its design and firmware teams, and support early OEM deployments. It is building a low-power biosensing SoC for wearables.

PM Narendra Modi has hailed the four newly implemented Labour Codes, calling them "one of the most comprehensive and progressive labour-oriented reforms since Independence." "It greatly empowers our workers...also promotes ‘Ease of Doing Business'," Modi said. Under the codes, all workers, including gig and platform workers, will get PF, ESIC, insurance, and other social security benefits.

Eli Lilly reached a $1-trillion market capitalisation on Friday, becoming the first pharmaceutical company to join the trillion-dollar club dominated by tech giants. It briefly hit the $1-trillion mark in morning trading before retreating. A more than 35% rally in the company's stock this year has largely been driven by the explosive growth of the weight-loss drug market, reports said.

The Indian rupee hit a lifetime low on Friday, as a bout of portfolio outflows, uncertainty over a US-India trade deal and a pullback in the central bank's defense of a key level sparked a slide in the local currency. Rupee slides to 89.49 vs USD, biggest daily drop since May, breaching previous all-time lows.

American International Group (AIG) recently announced that incoming President John Neal would no longer join the insurer. According to the WSJ, AIG withdrew the $17-million (around ₹150 crore) job offer after learning Neal's ex-employer Lloyd's launched a probe into an alleged office affair involving him. Neal led Lloyd's as its CEO for more than six years.

The FIIs as per Friday's data were net buyers in equity segment, while they were net sellers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of ₹15254.77 crore against gross selling of ₹14804.94 crore. Thus, FIIs stood as net buyers of ₹449.83 crore in equities.

Central Crime Branch of Bengaluru has taken over investigation into the alleged suicide of Ola Electric employee Aravind Kannan. This comes after Kannan's family wrote to DGP and Bengaluru Police Commissioner, expressing lack of faith in earlier investigation and highlighting serious gaps in the case's handling. Kannan, who worked as an engineer at Ola since 2022, died in September 2025.

The Reserve Bank of India announced on Friday the interlinking of Unified Payments Interface (UPI) with the TARGET Instant Payment Settlement (TIPS) of the Eurosystem. The move aims to promote cheaper and quicker cross-border payments between India and Europe. RBI said that it has been actively pursuing interlinking India's UPI system with other countries' instant payment systems.

Tata Digital is planning to cut over 50% of employees at its Tata Neu super-app as part of restructuring efforts under new CEO Sajith Sivanandan, reports stated. The overhaul shifts the group away from GMV-driven model toward tighter, group-level integration and monetisation. The layoffs come months after TCS announced plans to cut 12,000 employees, or 2% of its global workforce.

Apple reached record sales of $9-billion in India in FY25, with the country now manufacturing one in every five iPhones produced globally. India's manufacturing operations contributed 12% of Apple's global production value in FY25, accounting for 2% of Apple's $416.1-billion worldwide revenue. Apple has begun local assembly of iPhone Pro and Pro Max models in India for the first time.

ED has attached fresh assets worth over ₹1,452 crore as part of a money laundering investigation into alleged bank fraud linked to businessman Anil Ambani's Reliance Communications (RCOM), PTI reported. The seizure covers multiple buildings, including those in Dhirubhai Ambani Knowledge City and Millennium Business Park in Mumbai, along with plots and properties in Pune, Chennai and Bhubaneswar.