India is actively exploring the idea of using building rooftops as landing pads for air taxis in a bid to tackle worsening urban traffic congestion. The proposal focuses on enabling electric vertical take-off and landing aircraft (eVTOLs) to operate from rooftops of offices, hospitals, commercial towers and residential complexes, instead of relying on expensive, land-intensive ground infrastructure. The concept is part of India’s broader Advanced Air Mobility (AAM) vision, which aims to introduce air taxis as a fast, sustainable mode of urban transport in cities such as Delhi, Mumbai, Bengaluru and Hyderabad. How Rooftop Vertiports Can Transform Urban Mobility Using rooftops as vertiports could significantly reduce travel time across dense urban corridors. Instead of spending hours in road traffic, commuters could cover the same distance in minutes by air. Urban planners believe rooftops offer: Ready-to-use infrastructure in congested cities Faster deployment compared to building new landing facilities Better integration with existing commercial and residential hubs This approach also opens up new revenue streams for real estate owners while improving last-mile connectivity. Proposed Air Taxi Routes in India One of the early ideas under discussion is a pilot air taxi corridor connecting major business districts with airports. For example, routes linking…  ​Read MoreBusiness Archives – Trak.in – Indian Business of Tech, Mobile & Startups

The Karnataka High Court has ordered the payment of legal costs against Wipro after finding that the company unnecessarily prolonged a legal battle with a former employee. The bench said Wipro’s conduct resulted in avoidable litigation and instructed the IT major to pay expenses incurred by the ex-staffer in pursuing justice. Background: The Dispute Between Wipro and Ex-Employee The case originated from a dispute between Wipro and a former employee — identified in court records as an engineer — over issues arising at the end of the individual’s employment. Legal proceedings were initiated after the employee claimed termination or unjust treatment linked to service conditions, leading to a prolonged battle in the Karnataka High Court for relief and compensation. The company contested claims and repeatedly took legal positions that extended the duration of the case. High Court’s Verdict: Costs Imposed In its order, the Karnataka High Court observed that Wipro’s legal strategy unnecessarily stretched litigation, compelling the ex-employee to incur multiple rounds of legal expenses and court appearances over an extended period. To temper this conduct and discourage such protracted disputes, the court directed Wipro to pay ₹50,000 in costs to the former employee. The sum is intended to partly…  ​Read MoreBusiness Archives – Trak.in – Indian Business of Tech, Mobile & Startups

The Punjab government has placed two senior Indian Administrative Service (IAS) officers under suspension for alleged delays in procuring smartphones meant for anganwadi workers under the Poshan Abhiyan programme. The action highlights growing administrative concern over delays, cost escalation and procedural lapses in implementing key welfare initiatives. Who Was Suspended and Why Two officers — Kamal Kishor Yadav (Administrative Secretary, Industries and Commerce, Investment Promotion and Information Technology) and Jaspreet Singh (Managing Director, Punjab Infotech) — were suspended with immediate effect by the state government. They will be attached to the state headquarters in Chandigarh and will receive only subsistence allowance during the suspension period under Rule 3(1) of the All India Services (Discipline and Appeal) Rules, 1969. The suspension is linked to a six-year delay in procuring 28,515 smartphones for anganwadi workers — devices meant to help track nearly 12 lakh beneficiaries under the Central government’s Poshan 2.0 nutrition initiative. The procurement, intended to be funded jointly by the Centre and the state, saw cost escalation from initial estimates of around ₹34 crore to about ₹60 crore due to specification changes and delays. Backstory: Procurement Hurdles and Cost Escalation The issue dates back to when funds were released for…  ​Read MoreBusiness Archives – Trak.in – Indian Business of Tech, Mobile & Startups

Gurugram police have arrested Dhruv Dutt Sharma, the founder, CEO and managing director of the 32nd Avenue commercial real estate project, in connection with a major property fraud estimated at around ₹500 crore. Sharma was taken into custody by the Economic Offences Wing (EOW) and produced before a magistrate, who remanded him to six days of police custody as investigations continue. The arrest stems from allegations that Sharma sold the same commercial floor — a unit measuring approximately 3,000 sq ft in the high-profile 32nd Avenue complex in Gurugram — to more than 25 different buyers, causing extensive financial losses to investors. Police say multiple investors were lured with promises of assured rentals and buyback options, but ownership documents were never handed over, triggering complaints and legal action. Details of the Alleged Fraud According to the first information report (FIR), a complaint was filed in January by Tram Ventures Private Limited against 32 Milestone Vistas Private Limited — previously known as Apra Motels — alleging that Sharma and his associates entered into a sale agreement for the commercial unit in 2021 for ₹2.5 crore, but failed to provide the necessary conveyance documents. As the matter unfolded, investigators discovered that between…  ​Read MoreBusiness Archives – Trak.in – Indian Business of Tech, Mobile & Startups

India’s Neocloud Boom AI is writing the new era of cloud computing. A new class of neocloud players is emerging to sell GPU-as-a-service (GPUaaS) in India as big tech giants struggle with AI capacity constraints and sovereignty concerns. So, can neocloud players become the next hyperscalers? GPU-First Cloud: Neoclouds are cloud providers built specifically for AI workloads, offering GPUaaS with high-bandwidth memory and AI-optimised orchestration. These platforms rose sharply in 2023-24 as the demand for advanced GPUs soared and enterprises began deploying AI into production. The Demand Engine: India’s neocloud race is led by players like Yotta, NxtGen, NeevCloud and E2E Networks. For them, demand is being created by hybrid and multi-cloud strategies and the pull from programmes like the IndiaAI Mission. Neocloud pricing can run meaningfully below traditional hyperscalers for comparable GPU capacity, bringing more demand. The Fertile Indian Ground: For over a decade, hyperscalers powered India’s cloud adoption, but AI introduced a new bottleneck – GPU scarcity and rationed capacity. Industry executives argue that neoclouds can bridge this gap by offering accessible, scalable and local AI compute for startups and enterprises at affordable rates. The Hard Part: However, building AI-native cloud infrastructure is capital intensive. GPU clusters, high-speed…  ​Read MoreInc42 Media

Ecommerce enablement company Velocity said it has earmarked Rs 100 crore to scale its logistics arm, Velocity Shipping, as it looks to expand its presence in the shipping aggregation market and invest in AI-driven tools across the logistics chain.Velocity Shipping — formerly known as Shipfast — will receive the investment over the next two years, funded through internal accruals and revenue from the company’s core businesses, Velocity said in a statement.Launched in 2025, the shipping platform has onboarded more than 900 brands, around 60% of which are existing Velocity partners. The company said the logistics vertical now contributes roughly 40% of overall revenue and recorded about 70% month-on-month growth in order volumes. In December 2025, the platform processed over one million shipments, according to the company.Velocity plans to deploy the capital toward hiring, product development and AI-led interventions designed to address delivery verification, returns management and billing reconciliation. The company said it intends to double its shipping team and has hired senior executives with prior experience at logistics firms including NimbusPost, Pickrr, Delhivery and Shiprocket. It is targeting a fivefold increase in monthly shipping volumes in calendar year 2026.“We started Velocity by solving one of the biggest bottlenecks for digital-first…  ​Read More​YourStory RSS Feed

Non-profit organisations in India, and around the globe, have traditionally stayed away from digital transformation. However, Artificial Intelligence (AI) is now changing the game. Tech-for-good startup Digital For Nonprofits (D4NP) is one such startup that is building GenAI solutions (among other things) to help non-profits in India become more technologically savvy.New Delhi-based D4NP’s story started a decade ago. As digital marketing was taking off in India in 2008, Abhinav Chetan was part of Google LLC’s Delhi office, working at the forefront of the country’s growing internet economy. In his 12-year stint at the company until 2020, Chetan got many opportunities to get involved in projects outside of his primary responsibilities—some of which involved working with non-profit organisations. In 2012, he took a 40-day break to train as a yoga teacher at the Sivananda Yoga Ashram in Kerala. After he returned, he wanted to do something for the organisation. “They knew yoga. They gave me the gift of practice. I knew digital marketing. So in 2014, I helped them get a Google ad grant. Now they use other technological tools too. That showed me that a 60-year-old ashram with no understanding of the digital space and outreach could suddenly access a lot of ad…  ​Read More​YourStory RSS Feed

India has emerged as a major exporter of carbon credits in the global market, accounting for 17% of credits being issued every year. Recent times have seen many startups emerge in the space, setting up carbon removal projects in India. Some of these startups, like Alt Carbon and Varaha, have also gone on to sign offtake agreements with US-based tech giants, Microsoft and Google, among others. The voluntary carbon markets run on rigorous verification and testing to ensure that the credits are credible. These startups have to follow methodologies and standards that are set by agencies, constantly measuring their progress and testing their results in labs so as to generate certified carbon credits. As of 2026, the Indian government is also setting up a Carbon Credit Trading Scheme (CCTS), which will be the country’s first national framework designed to put a price on carbon emissions. Meanwhile, Indian startups can verify their credits and list on a range of registries that are available globally. Many of these registries have their own checks and balances in place to evaluate the credibility of the carbon removal project and carbon dioxide removal from it. Also ReadAlt Carbon raises $12M in seed round led by Lachy Groom to accelerate…  ​Read More​YourStory RSS Feed

Is India’s test prep market hitting a ceiling in terms of growth? That’s the soft signal from PhysicsWallah after its Q3 earnings call. The edtech major made it clear: the next phase of growth won’t start at Class 11. It will start much earlier. PW reported a 33.4% YoY jump in consolidated net profit to ₹102 Cr for the quarter ended December 2025, up from ₹76.7 Cr a year ago. Flush with IPO proceeds and ₹642.9 Cr in operating cash flows during 9M FY26, the company has over ₹5,000 Cr to invest in the next phase, clear on net letting it set idle. Starting with expansion in high-demand regions, especially southern India, while doubling down on core unit economics to drive predictable, profitable scale. But the bigger story is its ambitious long-term bet on K-12 or school education. “Focused investments in the K-12 platform form a key part of PhysicsWallah’s strategy. As you would have seen, we acquired Tender Heart, and we are now partnering with Tender Heart, and we find ourselves in a very leading position to now create a quality K-12 platform,” management said about the partnership with Tender Heart School in Ranchi. However, PW has not disclosed…  ​Read MoreInc42 Media