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Bengaluru-based startup Sarvam AI raised $75 million in a funding round led by Nvidia Corp. The company plans to use the money to build next-generation AI models and expand computing capacity. By launching an India-hosted inference platform, Sarvam aims to create the foundations of India’s frontier AI infrastructure today.
Private equity firms are now choosing smaller investments in founder-led and AI-driven companies instead of traditional buyouts. These deals focus on digital infrastructure and data services. Experts said, "Valuations are selectively improving with business delivery getting remodelled and reassessed with uptick in AI-led productivity." This shift marks a new strategy.
D2C activewear brand BlissClub raised Rs 160 crore in a funding round led by Singularity AMC. The company started in 2020 and now plans to use the money to expand its offline retail network. They also want to support category growth and hire more people for their next big stage.
M2P Fintech raised Rs 100 crore in debt from Alteria Capital to fund its AI expansion. The three-year facility will help the firm build new products and increase computing capacity. Cofounder Madhusudanan R said the money covers "token consumption, or the expense incurred when AI models process information" for their business.
Life Insurance Corporation of India reported a 22.81 per cent rise in net profit for the first quarter of FY27. The insurer got a boost from strong new business premiums and better margins. CEO R. Doraiswamy said, "This is a direct outcome of our product diversification and distribution strategy."
Sebi proposed allowing REITs and InvITs to acquire minority stakes in third-party, under-construction projects on Thursday. This move aims to help these trusts build long-term assets while reducing development risks. The regulator also suggested new measures to improve business ease. Public comments on these proposals are open until August 27.
Corporate India’s boards are getting younger, as the average age of directors on NSE-listed companies fell to 56.54 years by August 4. However, top Nifty 100 and 500 firms still prefer experience, with their average age rising. Monica Agrawal said, “The Nifty 100, 500 are more mature companies.”
The RBI said banks can lock smartphones only if the loan was taken to buy that specific device. Banks must wait 30 days before imposing partial limits and 60 days for full restrictions. Essential services like emergency calls must stay active. Banks must pay ₹250 per hour for wrongful locks.
India’s real estate sector is seeing a new wave of IPOs from specialised platforms. Companies like co-working firms and student housing providers are now hitting the public markets. Lata Pillai of JLL said, "India's real estate IPO market is entering a new phase, one where institutionally managed platforms are stepping into the public markets."
The government is preparing to replace the 1940 Drugs and Cosmetics Act with the new Drugs, Medical Devices and Cosmetics Bill, 2026. This draft law aims to strengthen the powers of the DCGI and introduces stricter bail rules for serious drug offences. It also creates dedicated bodies for medical devices.
Biocon’s Kiran Mazumdar-Shaw said US generic tariffs are more a negotiation tactic than a real threat. In July, US President Donald Trump proposed a phased tariff plan for imported generic drugs. Shaw believes the plan is unviable as the US relies heavily on generics to keep healthcare costs low.
Nifty 50 closed at 24,636.00 on 6 August, gaining 11.35 points. The index traded in a narrow range as buyers and sellers stayed cautious. While momentum indicators showed positive signs, the market lacked strong follow-through buying. Investors now watch for fresh triggers and earnings to guide the next big move.