While India’s startup ecosystem is often spotlighted for its consumer-driven platforms, a quieter, more formidable movement is reshaping the nation's tech future. Niraj Rajmohan, CTO of Ultraviolette, counters recent remarks by Union Minister Piyush Goyal, underscoring that India's true tech sovereignty lies not in delivery apps, but in deep-tech startups solving foundational problems. These ventures operate in obscurity, with limited capital, yet demonstrate resilience and innovation across sectors like EVs, biotech, and space.

The Maharashtra State Road Transport Corporation (MSRTC), one of India’s largest public transport entities, continues to grapple with acute financial distress, affecting operations and employee morale. Maharashtra Transport Minister Pratap Sarnaik recently stepped in to stabilize the situation, promising timely salary disbursals and pushing for partial release of long-pending state dues. With Rs. 1,076 crore in outstanding payments and only Rs. 120 crore released so far, the corporation remains under immense fiscal pressure.

As per latest reports, Sahil Barua, the co-founder and CEO of Delhivery Ltd., has resigned from his position as an Independent Director on the board of food and grocery delivery platform Swiggy, citing rising professional obligations following a major acquisition by his company. Barua’s resignation comes shortly after Delhivery announced the acquisition of a controlling stake in logistics rival Ecom Express Ltd. for approximately Rs. 1,400 crore, signaling a significant strategic move in India’s logistics sector.

Barua Steps Down Due to Increased Workload

In a move aimed at enhancing tax reporting accuracy and reducing manual discrepancies, the Goods and Services Tax Network (GSTN) has announced that starting April 2025, taxpayers will no longer be allowed to edit Table 3.2 of Form GSTR-3B. This table pertains to inter-state supplies made to unregistered persons, composition taxpayers, and UIN holders. The system will auto-populate the values from GSTR-1 and related forms, making them non-editable at the GSTR-3B filing stage.

In a significant step toward full digital governance, the Reserve Bank of India (RBI) has mandated the use of its PRAVAAH (Platform for Regulatory Application, Validation And Authorisation) portal for all regulatory submissions by Regulated Entities (REs) beginning May 1, 2025. The platform—originally launched in May 2024—was designed to simplify, accelerate, and secure the application process for regulatory authorizations, licenses, and approvals. By digitizing its internal workflows, the RBI aims to improve transparency and efficiency while reducing bureaucratic friction.

The Haryana government has unveiled an ambitious industrialization strategy by establishing Industrial Model Townships (IMTs) across 10 districts. This policy, spearheaded by Chief Minister Nayab Singh Saini, aims to amplify industrial investment and fortify the 'Make in India' and 'Make in Haryana' initiatives. The move directly complements the recent operationalization of Maruti Suzuki’s cutting-edge facility in Kharkhoda, Sonipat, signifying Haryana’s emergence as a central manufacturing hub.

India’s mining sector is entering a new phase of strategic acceleration as Union Coal and Mines Minister G. Kishan Reddy met with Chhattisgarh Chief Minister Vishnu Deo Sai to fast-track key mining initiatives. The focus of the high-level meeting was to streamline land acquisition, hasten environmental clearances, and foster stronger collaboration to unlock the state’s vast mineral potential.

Quick commerce trailblazer Zepto is entering a pivotal chapter in its corporate journey as it prepares for its initial public offering (IPO). With the strategic appointment of Akhil Gupta, Vice Chairman of Bharti Enterprises, as an independent director, the company signals its intent to combine startup agility with seasoned corporate governance. This move comes amid an aggressive USD 1.35 billion fundraising spree, internal leadership restructuring, and a return of its corporate base to India.

India has reaffirmed its strategic stance on foreign direct investment (FDI) from neighboring countries, particularly China, with Commerce and Industry Minister Piyush Goyal declaring that New Delhi has no intention of relaxing the investment restrictions implemented in 2020. Despite China's global economic presence, its share in India’s FDI inflows remains marginal at just 0.37%.

In a bold move to reinvigorate its legacy beverage brand, Campa, Reliance Consumer Products Ltd has appointed actor Ram Charan as the brand’s new face. Launching its high-octane campaign titled “Campa Wali Zidd”, the company aims to rekindle national affinity for the brand with a message of resilience and ambition.