From Kiran Mazumdar-Shaw naming her niece Claire as successor to Krutrim announcing a shift toward AI cloud services, YourStory brings you today’s headlines with the latest developments across sectors.
Latest news
Kiaran Mazumdar-Shaw names niece Claire as successor
Kiran Mazumdar-Shaw, Founder and Executive Chairperson of Biocon, has signalled a clear succession roadmap for the group, naming her niece, Claire Mazumdar, as the next in line to lead the company.
In an interview with Fortune India, Kiran Mazumdar-Shaw said the company is gearing up for its next phase of growth, with a sharper focus on advanced biotechnology and the integration of artificial intelligence
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Krutrim announces strategic pivot to AI cloud services
AI firm Krutrim has repositioned the company as a focused domestic AI Cloud Services provider, while announcing its financial figures for FY26.
The company reported revenues of approximately Rs 300 crore in FY26, a threefold increase over FY25, and its first annual net profit, with a profit after tax margin of over 10%.
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Pixxel, Sarvam join hands to build orbital data centre satellite
US-Indian space company Pixxel has partnered with Bengaluru-based artificial intelligence firm Sarvam to build an orbital data centre satellite.
While Pixxel will design, build, launch, and operate the satellite, Sarvam will handle both training and inference directly in orbit, with full-stack language models running on board the spacecraft.
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Funding news
Jurisphere secures $2.2M from InfoEdge Ventures, others
Legal AI platform Jurisphere.ai has secured $2.2 million in funding from several prominent institutional investors including InfoEdge Ventures, Flourish Ventures, Antler, and 8i Ventures.
The capital will be used for global expansion and the development of a network of AI-native lawyers, essentially legal professionals who integrate AI into the very core of their workflows, the company said.
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Other news
PeakAmp partners with Stefen Electric
PeakAmp has announced a partnership with Stefen Electric to enable the responsible management of end-of-life lithium-ion batteries generated from its electric mobility ecosystem.
Under the agreement, PeakAmp will act as the exclusive recycling and environmental compliance partner for Stefen Electric. The company will oversee the collection, reverse logistics, recycling, and Extended Producer Responsibility compliance of battery waste generated through Stefen Electric’s operations.
All batteries will be processed in compliance with CPCB guidelines and the Battery Waste Management Rules, 2022.
35North Ventures’ India Growth Fund names Naman Bagri as Managing Partner
35North Ventures’ India Growth Fund has brought in Naman Bagri as Managing Partner. His appointment marks a significant step forward as IGF-I deepens its focus on India's most consequential emerging sectors: defence, deeptech, space, and ESG-linked manufacturing.
Bagri brings over two decades of experience across entrepreneurship, capital markets, investment strategy, and scaling financial businesses. He is known for a disciplined approach to compounding capital and building high-performance teams with deep expertise spanning equities, commodities, institutional relationships, treasury management, and growth strategy.
Netradyne announces acquisition of Moove Connected Mobility
Netradyne has announced the acquisition of Moove Connected Mobility. Following the acquisition, Moove will become part of Netradyne Europe, serving as a central operating hub for regional sales, customer engagement, partnerships, and market development.
Moove’s leadership team brings decades of experience navigating Europe’s regulatory, operational, and cultural landscape for commercial mobility.
Jeroen Bruinooge, former CEO of Moove Connected Mobility, will assume the role of SVP & GM, Europe at Netradyne, focused on leading Netradyne’s European go‑to‑market strategy, regional partnerships, and customer success.
Pixxel gets NRO contract for hyperspectral remote sensing capabilities
Pixxel has been awarded a contract by the National Reconnaissance Office (NRO) Commercial Systems Program Office (CSPO) under the Strategic Commercial Enhancements Commercial Solutions Opening (CSO) for advanced commercial remote sensing capabilities.
With its Firefly satellites now operational, Pixxel can provide hyperspectral data for government use, showing how commercial imagery is becoming part of future remote sensing systems.
The company has been backed by more than $95 million from Google, Lightspeed, M&G Catalyst, Glade Brook Partners, Radical Ventures, and others.
MathCo collaborates with Google Cloud
MathCo announced its collaboration with Google Cloud to help enterprises move toward workflow-native AI, a fundamental shift in how organisations build, scale, and realise value from AI.
Gemini Enterprise serves as the central AI platform for the enterprise.
The company aims for this collaboration to enable workflow-native transformation across industries and business functions, connecting intelligence across planning, decisioning, and execution.
Sanjay Saraf Educational Institute launches analyst stack
Sanjay Saraf Educational Institute (SSEI) announced the launch of Analyst Stack, a practitioner-led program designed to train learners in the actual frameworks and decision-making processes used by analysts across investment firms, brokerages, and institutional finance.
The programme is structured as a 4 to 5-month immersive program delivered over 70 sessions.
A defining feature of Analyst Stack is its sectoral depth. This sector-by-sector immersion reflects the reality that investing is context-rich, industry-specific, and shaped by regulatory, technological, and macroeconomic variables unique to each sector.
Ezeepay partners with Jio Payments Bank
Ezeepay announced its collaboration with Jio Payments Bank. Ezeepay has been designated as a Business Correspondent (BC) partner under this partnership.
Ezeepay's BC network, which covers more than 12,000 PIN codes, will now assist Jio Payments Bank to expand its banking and financial services to underserved and semi-urban areas. By providing necessary banking services via a reliable, local merchant environment, the alliance seeks to bridge the accessibility gap.
Ezeepay's BC merchants will provide several crucial services as part of this partnership, such as Cash withdrawals using the Aadhaar Enabled Payment System (AEPS), Cash deposits made possible by AEPS, and Cash withdrawal services based on UPI according to RBI guidelines.
(This article will be updated with the latest news throughout the day.)
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