Amit Kumar named Google Cloud India interim head; Sashikumar Sreedharan steps down
Amit Kumar, who was serving as Managing Director for Digital Natives at Google Cloud India, will step in to lead the India operations.
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Consumer tech brand Lumio raises $12M led by Blume Ventures
Lumio will use this funding towards R&D, product branding and hiring of talent.
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Electric car sales jump nearly two-fold to 36,108 units in Sep: FADA
Festive demand, maturing running-cost economics, a widening choice of models and sustained policy support through PM E-DRIVE and progressive state schemes are together turning the EV from an alternative into a default consideration for a growing set of buyers, FADA said.
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Rupee undervalued; RBI will ensure stability in INR, helping it find its correct value
The domestic currency has been under pressure for much of this year, especially since the beginning of the West Asia conflict in late February, resulting in a spike in crude oil prices, which poses a direct challenge to an oil-importing country like India.
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Quick commerce in India set for $90B boom by 2031: Google-Redseer study
Driven by festive season demand and rapid expansion into non-metro regions, India’s quick commerce market is projected to skyrocket from $13 billion in FY2026 to $90 billion by FY2031.
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MDR a small fee, will not have major impact on UPI volumes: RBI Guv Malhotra
The government allowed charging of the MDR under which transactions above Rs 2,000 will attract a fee of 0.4%.
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Startup news and updates: daily roundup (October 7, 2026)
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here’s the roundup for Wednesday, October 7, 2026.
YourStory AI8 min readFrom UPI to tokenised assets: Is India building the next generation of financial infrastructure?
The Reserve Bank has been exploring tokenised forms of money through the e-rupee and wholesale applications of central bank digital currency.
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Starlink operations specifically built for India to meet security, regulatory needs: Official
Speaking at India Mobile Congress 2026, SpaceX’s Starlink Business Operations Vice President Lauren Dreyer said the company has made an investment in setting up the required infrastructure to serve the Indian market.
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Goyal invites US firms to explore investment opportunities in India
Commerce and Industry Minister Piyush Goyal met President and COO of Blackstone Jonathan Gray, and Chairman of Blackstone's International Private Equity business Prakash Melwani.
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RBI hikes interest rate for the first time in nearly four years, signals more to come
The six-member Monetary Policy Committee voted unanimously to raise the repo rate, the first such increase since Governor Sanjay Malhotra took office in December 2024.
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Deeptech startup Quanfluence raises $10M led by Chiratae Ventures
Quanfluence will use the new capital to build a full-stack photonic quantum computer, targeting early processors by 2027 and scalable machines by 2029.
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Medtech company Sunfox Technologies raises $7M to scale cardiac diagnostics platform
The fresh capital will support Sunfox’s next phase of growth, including deeper expansion across India, development of its global go- to-market capabilities, scale-up and research and development.
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Edtech firm byteXL raises $9M as investors back college-linked AI skilling model
Hyderabad-based byteXL said the fresh capital will help expand its college network, strengthen AI-led learning tools and reach 500,000 engineering students across 15 states.
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Cabinet clears Rs 10,000 Cr fund for SMEs; Why keeping kids off social media isn’t enough
The SME Growth Fund will undertake direct equity investments in small and medium enterprises.
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JioHotstar expands international footprint with entry into Middle East and North Africa
JioHotstar has entered the MENA market through a partnership with Starzplay, expanding its international presence and bringing Indian originals, films, TV shows and regional-language content to audiences across the Middle East and North Africa.
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Karnataka govt signs MoU with ElevenLabs for Voice AI services
The partnership will focus on voice AI safety framework, assisting people with speaking disabilities and usage in government services.
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Flipkart Big Billion Days sale begins on Oct 9, Myntra & Cleartrip announce similar sales
The Big Billion Days sale will have 150 million products on offer and 60% increase in number of sellers.
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