PayPal’s Global Mass Layoffs Impact 220 Indian Employees

Source: inc42

PayPal’s Global Mass Layoffs Impact 220 Indian Employees

Business

"PayPal has laid off approximately 220 employees in India, representing about 4% of its local workforce. These cuts, affecting roles in tech, engineering, and finance across Chennai, Bengaluru, and Hyderabad, are part of a global restructuring plan to simplify operations and reduce costs. The company aims to trim its global workforce by 20% over several years to save $1.5 billion and prioritize long-term growth investments.".

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Circular unveils Ring 3 series with contactless payments and on-finger vibration alerts

Startups

Circular has unveiled the Ring 3 series, featuring Pro and Slim models made from titanium steel. Both include NFC payments, vibrating alerts, and wireless charging. The Pro model offers advanced health tracking, including FDA-cleared ECG and glucose monitoring, with a 12-day battery. The Slim version provides essential wellness insights and a 10-day battery. Expected in early 2027, these rings compete with Oura and RingConn in the growing market.

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Ollie is betting its focus on privacy can help it win the AI assistant race

Startups

The family-focused AI assistant wants access to the details of your everyday life, but says it won’t use that data to train AI models or share it with others.

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Google launches AI voice features in Gmail, Docs and Keep

Startups

"Google is introducing conversational AI features called Docs Live, Gmail Live, and Keep Live for iOS and Android users in English. These Gemini-powered tools allow users to query their inboxes, draft documents using cross-app data, and create notes via dictation. Availability varies by subscription tier, with Gmail Live accessible to AI Plus, Pro, and Ultra users, while Docs and Keep Live require Pro or Ultra plans.".

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BITS Pilani-incubated Apollyon Dynamics sets new speed record in India with 498 km/h interceptor drone

Startups

Hyderabad-based defence startup Apollyon Dynamics has entered the India Book of Records after its Ahuti Mk II electric interceptor drone reached a top speed of 498 km/h. This marks the fastest multirotor UAV in South Asia. Incubated at BITS Pilani, the company develops autonomous aerial systems for the Indian armed forces. The Ahuti Mk II is designed to intercept hostile drones, with plans for a cruise missile platform by 2030.

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Furlenco’s FY26 Profit Surges Multifold To ₹59.5 Cr, Revenue Up 62% YoY

Business

After turning profitable in the fiscal year FY25, furniture rental startup Furlenco saw its net profit for the fiscal year.

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Government-school teachers are ready for AI, survey finds

Startups

A JanAI survey of 797 Indian government-school teachers reveals that 72% view artificial intelligence positively, though only 26% use it regularly. While teachers leverage AI for lesson planning via personal devices, a lack of institutional support persists. Concerns include student overdependence and data privacy risks. As India prepares an AI curriculum for 2026-27, JanAI plans to train 50,000 teachers to ensure responsible technology adoption.

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Google’s latest AI weather model gives you no excuse to forget your umbrella

Startups

Google DeepMind and Google Research have launched WeatherNext 3, a high-resolution AI weather forecasting model. Outperforming traditional government systems and other AI models, it offers 5km resolution and improved rain predictions. The model integrates raw satellite data for hourly updates and will power Google Search, Maps, and Gemini. This advancement promises more accessible, accurate forecasts, potentially benefiting global agriculture and renewable energy projects in underserved regions.

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HDB region can drive Karnataka’s tech-led growth, says Priyank Kharge

Startups

Karnataka is expanding its technology growth beyond Bengaluru by developing the Hubballi-Dharwad-Belagavi (HDB) corridor. The state aims to attract 35 large companies, 10 Global Capability Centres, and 100 startups within five years. Supported by a Rs 25 crore seed fund and new infrastructure, the region leverages strengths in aerospace, research, and electronics. This strategy seeks to distribute economic opportunities and innovation across North Karnataka's diverse districts.

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AMD, Delhi University partner to train 10,000 students in AI

Startups

AMD and the University of Delhi have partnered to train approximately 10,000 students in artificial intelligence and semiconductor technologies over the coming year. Through the 'AI Engage Developer Program,' participants will gain hands-on access to AMD's ROCm AI software platform, GPU cloud credits, and technical workshops. This collaboration aims to bridge the gap between theoretical knowledge and practical application, strengthening India's pipeline of skilled AI developers.

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Kalaari Capital opens applications for investor fellowship programme

Startups

The fellowship programme provides participants exposure to different aspects of venture investing and helps build their analytical, research and writing capabilities.

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KKR Backs BookMyShow As Live Entertainment Becomes Its Next Growth Engine

Business

India’s live entertainment market is entering a new phase, and BookMyShow is at the centre of it. The company has.

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Indian employees are taking the lead in defining the future of work: Microsoft study

Startups

The Microsoft 2026 Work Trend Index identifies India as a global leader in AI workforce transformation. Approximately 32% of Indian AI users are "frontier professionals" who manage complex automated workflows, doubling the global average. Indian workers prioritize human judgment and critical thinking over total automation. Major IT firms like TCS and Infosys are scaling these tools, reporting significant productivity gains and widespread employee adoption across enterprises.

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Why does stopping mid-chapter feel so wrong to your brain

Startups

Stopping mid-chapter feels uncomfortable because the human brain naturally seeks closure. This psychological drive is amplified by the Zeigarnik Effect, where unfinished tasks create mental tension and remain memorable. Additionally, authors use suspense and emotional investment to keep readers engaged. Since chapters serve as natural narrative units, interrupting them disrupts the flow, often leading readers to stay up late to resolve the lingering tension.

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India’s Stratosphere Is Up For Grabs, Can Red Balloon Make The Uncharted Skies Commercially Viable?

Business

Red Balloon Aerospace, founded by former Skyroot executives, is developing near-space platforms to utilize the stratosphere for communications, earth observation, and disaster management. By deploying superpressure balloons, aerostats, and solar-powered airships, the Indian startup aims to bridge the gap between aviation and orbital space. Their innovative nanocomposite materials enable long-duration flights, offering a cost-effective alternative to satellites and ground networks for diverse global applications.

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TikTok comments are getting more interactive with voice comments, polls, and more

Startups

"TikTok is enhancing its comment sections with new interactive features to increase user engagement. The updates include voice comments for users 18 and older, comment polls for creators, photo carousels allowing up to nine images, and Live Photo comments. These tools aim to transform comment sections into interactive spaces. TikTok will implement these features globally over the next month, ensuring all content adheres to its Community Guidelines.".

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Volunteer at TechCrunch Founder Summit in Boston

Startups

"The TechCrunch Founder Summit, formerly All Stage, returns to Boston on November 4th. Organizers are seeking volunteers to assist with registration, speaker coordination, and event setup for approximately 1,100 attendees. Selected volunteers receive a summit ticket, a pass to Disrupt 2027, and access to expert-led workshops. Interested individuals must apply by October 19th to gain professional event experience and behind-the-scenes insight into a world-renowned startup event.".

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The Ayurveda Co shuts down after raising Rs 125 Cr; founder says it expanded too fast

Startups

D2C beauty brand The Ayurveda Co (TAC) is formally shutting down after ceasing operations in July 2025. Despite raising approximately Rs 125 crore in venture capital and reaching 20 lakh consumers, the company failed due to unsustainable rapid expansion and premature hiring. Co-founder Param Bhargava attributed the collapse to strategic missteps. The brand once employed over 1,000 people and achieved an annual GMV exceeding Rs 150 crore.

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Swiggy Narrows CREW’s Focus To Travel After Year-Long Concierge Pilot

Business

Swiggy has pivoted its CREW platform from a general lifestyle concierge to a dedicated personal travel concierge. Available exclusively to paid subscribers via invitation, the service combines AI and human expertise to provide 24/7 global assistance for flights, stays, and visa processing. This strategic shift targets affluent consumers, aiming to bridge the gap between booking and experience as part of Swiggy's broader experimentation to enhance user stickiness.

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Nvidia confirms it will buy Hugging Face for $12.9 billion

Startups

Nvidia has acquired Hugging Face for $12.93 billion to expand its influence in the AI ecosystem. Hugging Face, a hub for millions of models and developers, will remain an open platform supporting various frameworks and compute providers. CEO Jensen Huang emphasized that Nvidia compute is not required for the platform. The deal allows Nvidia to better align the open-source ecosystem with its hardware and sell unused capacity.

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