Chief Minister N Chandrababu Naidu has asked officials to turn self-help group members into 5 lakh entrepreneurs, backed by the Swayam AP brand, franchise models, incubation and corporate support.
Furniture and appliance rental platform RentoMojo grew Q1 FY27 operating revenue 51% to ₹126.3 crore, but net profit fell 39% to ₹7.8 crore after a warehouse fire and tax adjustments.
Industrial robotics startup RobCo has passed a $1 billion valuation through a $40 million-plus employee share sale, doubling its value in nine months, as co-founder Roman Hölzl relocates to the US.
France's Schneider Electric will buy Boston-based PTC for $205 a share in cash, its largest deal ever, to build an industrial software and AI powerhouse. Investors sent Schneider shares down nearly 10%.
Palo Alto-based Clockwork.io has raised $31 million in a round co-led by Azim Premji-backed Premji Invest to keep AI training jobs running through GPU and network failures.
OneByZero, which deploys and governs AI agents inside banks, telecom operators and retailers across nine markets including India, has raised a $20 million Series A led by Jungle Ventures.
The Nasdaq Composite rose 1.05% to a record close of 27,477.31 on 5 October as Nvidia, SpaceX and megacap tech rallied, with softer jobs data easing fears of a Fed hike despite 10-year yields near 5.3%.
C.H. Robinson will buy truck brokerage RXO in a cash-and-stock deal worth about $5.8 billion, promising $300 million of cost savings by applying its AI-driven operating model to a larger network.
Copenhagen-based Pandektes, used by more than 500 law firms and institutions in Denmark, Germany and Switzerland, has raised a €13.5 million Series A led by Alstin Capital after sixfold revenue growth.
Cambridge spin-out Reclinker has raised a £10 million Series A to scale a process that turns demolition waste into cement inside steel-recycling furnaces, cutting emissions by half at the same cost.