May 2026 – Page 34 – Global South Capital Times

India Modernizes Armed Forces: Faster Procurement, New Combat Units Four Indian soldiers in camouflage stand around a large drone in a desert, with tents and mountains in the background.

Four Indian soldiers in camouflage stand around a large drone in a desert, with tents and mountains in the background.

India Modernizes Armed Forces: Faster Procurement, New Combat Units

sivam May 7, 2026

India's armed forces are transforming with accelerated procurement of modern weaponry and the creation of agile, self-reliant...

Fairfax India to Acquire 51% Stake in IIFL Capital for $211M Two men in business attire shake hands over a large conference table in a modern office with city views.

Two men in business attire shake hands over a large conference table in a modern office with city views.

Fairfax India to Acquire 51% Stake in IIFL Capital for $211M

sivam May 7, 2026

Fairfax India is increasing its stake in IIFL Capital to 51% with a $211 million investment, strengthening...

Skyroot Aerospace Hits Unicorn Status with $60M Funding

sivam May 7, 2026

Indian spacetech startup Skyroot Aerospace achieves unicorn status, raising $60 million at a $1.1 billion valuation. Funding...

Robotics Startup Alphadroid Raises $3.8M for Automation Expansion Two men in a factory, one pointing towards a mobile robotic arm, surrounded by industrial equipment and workers.

Two men in a factory, one pointing towards a mobile robotic arm, surrounded by industrial equipment and workers.

Robotics Startup Alphadroid Raises $3.8M for Automation Expansion

sivam May 7, 2026

Alphadroid, a robotics innovator, secures $3.8 Mn in pre-Series A funding led by Alkemi Growth Capital to...

Non-Alcoholic Wine Boom: Sales Surge as Traditional Wine Dips A man and woman examining a bottle of non-alcoholic wine in a well-lit store aisle, with other customers in the background.

A man and woman examining a bottle of non-alcoholic wine in a well-lit store aisle, with other customers in the background.

Non-Alcoholic Wine Boom: Sales Surge as Traditional Wine Dips

sivam May 7, 2026

Discover why non-alcoholic wine sales are booming, driven by younger consumers moderating alcohol intake and a dip...

Paytm Profitability, Freshworks AI Job Cuts Left: A street vendor in warm evening light processes a payment. Right: A modern office with a robotic arm and pensive employees.

Left: A street vendor in warm evening light processes a payment. Right: A modern office with a robotic arm and pensive employees.

Paytm Profitability, Freshworks AI Job Cuts

sivam May 7, 2026

Paytm achieves Q4 FY26 profitability with ₹183 Cr net profit, while Freshworks cuts 500 jobs amid AI...

Paytm Profit Surge, Freshworks Layoffs & India Startup News

sivam May 7, 2026

Paytm achieves Q4 FY26 profitability, Freshworks announces job cuts, and other vital Indian startup and business updates....

India’s Diversified Crude Oil Sourcing Secures Fuel Amid Global Disruptions

sivam May 7, 2026

India ensures stable fuel supplies by diversifying crude oil sources, including increased Russian imports, navigating Hormuz turmoil...

Pronto Raises $45M Series B, Valuation Soars to $200M Two women in green uniforms provide car washing services in a well-lit home garage, focusing on a silver car.

Two women in green uniforms provide car washing services in a well-lit home garage, focusing on a silver car.

Pronto Raises $45M Series B, Valuation Soars to $200M

sivam May 7, 2026

Quick services platform Pronto closes $45M Series B funding, doubling its valuation to $200M. Funds to fuel...

Apna Mart Moves to Gurugram, Cuts 10% Staff for AI Integration A visual metaphor showing "Deposits" (money flowing into a beaker) decreasing while "Credit" (water filling another beaker) increases.