Swiggy Joins the ORR Exodus: A Shift That Signals Bengaluru’s Next Tech Drift
Bengaluru’s notorious Outer Ring Road (ORR) is losing yet another major tenant as Swiggy prepares to relocate from Embassy Tech Village, Bellandur, to the sleeker and more accessible Sumadhura Capitol Towers in Whitefield. The move—revealed through an internal memo—underscores a larger trend of tech companies fleeing ORR’s crippling congestion for emerging hubs that promise better connectivity and employee experience. For Swiggy, which has grown from a food-delivery disruptor to an on-demand logistics powerhouse, this shift is not just about real estate—it’s about signalling a new phase of operational efficiency and organisational culture.
Manipal Group Steps Into the Byju’s Insolvency Arena
In a move that could reshape India’s edtech landscape, the Manipal Education and Medical Group (MEMG), led by Dr. Ranjan Pai, has formally thrown its hat into the Byju’s insolvency resolution ring. By submitting a detailed Expression of Interest (EOI), MEMG is seeking access to Byju’s financial records and a place on the list of prospective resolution applicants. This is its second submission after an extended deadline, signalling deep and persistent interest. Importantly, MEMG has affirmed compliance with Section 29A of the Insolvency and Bankruptcy Code—an essential regulatory filter preventing ineligible or tainted bidders from participating.
Blind Survey Reveals Alarming Trends in Layoff Practices
A recent Blind survey has shed light on a troubling trend in corporate India’s layoff culture. An overwhelming 72% of affected employees said they were informed of their layoff just two days before their last working day—far shorter than the legally mandated notice period of one to three months. Companies like Amazon, Target, and Freshworks saw the highest incidence of abrupt notices, with over 90% of respondents reporting sudden terminations. On the other hand, a mere 18% of professionals received proper advance communication. The findings raise pressing questions about corporate transparency, legal compliance, and the human cost of workforce restructuring.
Juspay Breaks Into the Profit Zone: A Big Win for India’s Fintech Infra
SoftBank-backed fintech infrastructure leader Juspay has just delivered its first full year of profitability—an achievement that stands out in India’s fiercely competitive digital payments sector. The company posted a ₹62-crore net profit in FY25, a remarkable turnaround from a ₹97-crore loss the previous year. Fuelled by a 48% surge in net revenue to ₹514 crore, the performance reflects strong growth in UPI transactions, new enterprise partnerships, and a maturing fintech rails ecosystem. Juspay’s milestone signals the strengthening of India’s digital infrastructure layer and highlights a shift toward sustainable growth among new-age financial tech firms.
Spinny Set to Acquire GoMechanic in a ₹450-Crore Game-Changing Deal
In what could be one of the auto-tech sector’s defining deals of the year, used-car retail giant Spinny is in the final stages of acquiring GoMechanic for approximately ₹450 crore. Structured as a mix of cash and stock, the deal is expected to be signed later this month. For Spinny, the acquisition promises entry into the high-value vehicle-servicing and repairs market, enabling a vertically integrated ecosystem spanning sales, after-sales, and maintenance. For GoMechanic—once rocked by financial misreporting—this transaction offers a revival pathway under the ambit of a fast-scaling, well-capitalised player.
Google Takes On the “Smishing Triad” in a Global Cybercrime Crackdown
Google has launched a major legal offensive against a notorious cybercrime syndicate known as the “Smishing Triad,” accused of running one of the world’s largest SMS-based phishing operations. Operating primarily out of China, the group used a phishing-as-a-service toolkit called Lighthouse, enabling criminals to build fake websites mimicking trusted brands to steal user data. Google’s lawsuit in a U.S. court marks one of its strongest moves yet in combating digital fraud and protecting global users from identity theft. The action sets a new precedent for Big Tech’s role in proactively fighting organised cybercrime.
