Business
Sequoia India and Southeast Asia raise $2.85 bn to empower founders
Sequoia India and Southeast Asia have raised $2.85 billion across a set of funds, including a $2 billion early-stage, venture and growth fund for India and an $850 million Southeast Asian fund, to help founders build companies from idea to IPO and beyond.
This year marks the 50th anniversary of Sequoia as a global firm, 16 years in India, and 10 in Southeast Asia.
“This fundraise, which comes at a time when markets are starting to cool after a very long bull run, signals our deep commitment to the region and the faith our Limited Partners have in the long-term growth story of India and Southeast Asia,” the company said in a statement on Tuesday.
The region’s startup ecosystem has grown rapidly in the last decade, thanks to the acceleration of digital adoption and rising consumer incomes.
Last year, India emerged as the third-largest startup ecosystem in the world, after the US and China. India currently has more than 100 unicorns.
In 2021, Indian startups raised $42 billion across 1,583 deals, resulting in 42 unicorns.
Southeast Asia, meanwhile, is on track to become a $1 trillion digital economy by 2030.
“Our initiatives in the region continue to reflect our desire to actively contribute to building and supporting the ecosystem in ways that go beyond capital,” said the company.
It launched ‘Surge’, a 16-week programme of early stage startups, in 2019.
The programme has grown to a community of 246 founders from 112 startups across more than 15 sectors.
“The startup and venture capital ecosystem in India and Southeast Asia has made great strides in the last decade and will continue to mature. Valuations and velocity will move with markets,” said the company.
Sequoia Southeast Asia has over 40 people across 12 nationalities, a large portfolio of seed, venture and growth investments, “and a hub for programs like Surge and Spark, all driven by a growing conviction in the potential of our markets”.
Business
TRAI mandates 1601-series numbers for service calls from utilities, logistics firms

New Delhi : The Telecom Regulatory Authority of India (TRAI) on Monday directed telecom operators to begin onboarding entities from select non-financial sectors onto the new 1601-series numbering framework for transactional and service voice calls extending a system already in use by the banking, financial services and insurance (BFSI) sector.
After this decision, consumers can identify genuine service and transactional calls and curb impersonation and fraud carried out through regular 10-digit mobile numbers.
In addition, TRAI said it has issued directions on the use of the 1601-series numbers for entities in sectors other than BFSI and government organisations which currently use the 1600-series numbering framework.
The authority also noted that the widespread adoption of 1600-series numbers by BFSI entities has provided valuable operational experience for expanding the trusted numbering framework to other sectors.
Under the first phase of implementation, the 1601-series will be allotted to entities in the utilities sector, including electricity distribution companies, water utilities, city gas distribution companies, LPG distributors and other utility service providers.
The logistics and courier sector has also been included in Phase-I, covering courier companies, express logistics firms, parcel delivery service providers as well as freight and logistics operators involved in consignments delivery.
TRAI said the Department of Telecommunications (DoT) has allocated the 1601-series for such calls and telecom service providers (TSPs) have been directed to complete migration and onboarding of eligible entities covered under Phase-I within 90 days from the date of the order.
The regulator further noted that 1601-series numbers would be allocated directly to eligible entities rather than intermediaries or aggregators following verification by telecom operators.
“The distinct numbering identity will enable the consumers to easily identify legitimate service and transactional calls, thereby strengthening trust in such voice-based communications,” the regulator said.
Additionally, TRAI clarified that the 1601-series numbers cannot be used for promotional voice calls by any entity.
Business
Centre’s expenditure on 1,847 big infra projects touches Rs 21.97 lakh crore

New Delhi: The expenditure on India’s 1,847 major infrastructure projects, currently being implemented by the Centre, has reached Rs 21.97 lakh crore (as of June 2026), which represents over 54 per cent of the total investment of Rs 40.54 lakh crore earmarked for these mega projects, reflecting steady progress in the pace of work, according to a factsheet issued by the government on Monday.
Many projects have reached advanced stages of completion, with around 709 projects exceeding 80 per cent physical progress, while another 337 projects have passed 80 per cent of financial completion, the factsheet states.
The transport and logistics sector leads with the 1,341 projects worth Rs 22.32 lakh crore, reflecting the focus on connectivity.
These projects are playing a crucial role in pushing up the country’s economic growth rate and creating more jobs.
Efficient monitoring of infrastructure projects is being carried out through PAIMANA (Project Assessment, Infrastructure Monitoring and Analytics for Nation-Building) digital platform. Developed by the Ministry of Statistics and Programme Implementation (MoSPI), PAIMANA is used for monitoring ongoing Central Sector infrastructure projects costing Rs 150 crore or more.
In addition to strengthening project monitoring, PAIMANA has expanded its role to support infrastructure performance monitoring through a dedicated Performance Monitoring Dashboard which was launched on April 16, 2026.
The Performance Monitoring Dashboard brings together performance indicators across key infrastructure sectors in a unified digital platform. The indicators are compiled from official data provided by the concerned Ministries and Departments and are updated periodically based on the latest available information.
A detailed indicator framework spans six infrastructure sub-sectors. These are Power, Civil Aviation, Telecommunications, Railways, Roads, and Ports, Shipping and Waterways.
The Performance Monitoring Dashboard has now been expanded to 165 indicators. This expansion includes the addition of 54 new indicators, significantly enhancing the comprehensiveness of infrastructure performance monitoring.
A single digital interface allows monitoring of performance sector by sector. It offers interactive visualisation and time-series analysis for policymakers, researchers and stakeholders.
A centralised dashboard delivers one cross-sector view of infrastructure sectors. This capability deepens inter-sectoral analysis.
The current framework gauges sectoral performance through growth rates. It reviews year-on-year, month-on-month and cumulative growth, targets and capacity utilisation in chosen sectors, the official statement added.
Business
Maharashtra to raise milk prices by Rs 2 per litre from Aug 11

Mumbai, Aug 9: Milk prices in Maharashtra will increase by Rs 2 per litre for both cow and buffalo milk from August 11 after the Milk Producers and Processors Welfare Association decided to revise retail rates, a move that is expected to impact consumers across the state.
The price hike comes amid ongoing debates over milk pricing and efforts to balance the interests of dairy farmers with those of consumers facing rising household expenses.
Producers and processors have argued that higher procurement and operational costs have necessitated the increase.
The development follows the Centre’s recent clarification that it has no proposal to introduce a Minimum Support Price (MSP) for milk, maintaining that prices will continue to be determined by cooperatives and private dairies based on prevailing market conditions.
In a written reply to a starred question in the Lok Sabha last month, Fisheries, Animal Husbandry and Dairying Minister Rajiv Ranjan Singh, also known as Lalan Singh, said milk pricing remains a market-driven process and that the government is not considering an MSP mechanism for the sector.
The minister said the government is implementing a range of measures aimed at safeguarding dairy farmers’ interests, stabilising milk prices, protecting consumers and strengthening quality monitoring across the dairy value chain.
According to the government, efforts are underway to bring more producers into the organised dairy sector.
As of March 2026, a total of 36,283 new village-level Dairy Cooperative Societies had been established, while 31,150 existing societies had been strengthened.
The government also created milk chilling capacity of 168 lakh litres per day and distributed 76,748 milk quality testing devices across the country.
In addition, projects with a combined milk processing and value-addition capacity of 418 lakh litres per day have been approved to enhance infrastructure and improve efficiency in the dairy sector.
The government highlighted the strong growth in India’s milk production over the past decade.
Milk output rose to 248 million metric tonnes in 2024-25 from 146 million metric tonnes in 2014-15, registering an increase of about 69 per cent.
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