YourStorybrings you today’s headlines with the latest developments across sectors. The latest fund raise by Anthropic is literally mind boggling as the money raised is quite close to a trillion dollar valuation. It is literally unheard of for a private company to raise at this level of valuation but this also reveals the deep bets that companies are making into artificial intelligence as this is seen as a technology that will be as revolutionary as the internet. Drone avionics and UAV components startup ZeroDrag has secured Rs 6.5 crore in funding from Transition VC to accelerate the development of indigenous drone electronics and strengthen India’s UAV ecosystem. The company plans to use the capital to expand research and development, scale manufacturing, enhance testing infrastructure, and improve supply chain resilience. Founded by Amit Nimje and Shantanu Bhede, ZeroDrag develops critical drone technologies including autopilots, motor controllers, GNSS modules, communication systems, and telemetry solutions. The startup aims to reduce India’s dependence on imported drone electronics by providing cost-effective, locally developed alternatives. ZeroDrag is also backed by Japanese investors through Enrission India Capital and has received support from Startup India, NIDHI, and MeitY-backed programs. SBM Offshore India has inaugurated a new office in Bengaluru, strengthening its commitment to India as a strategic hub for engineering, digital innovation, and global operations. The company currently employs around 790 professionals in India and plans to add another 200 roles in the near future. SBM Offshore India contributes 70-80% of detailed engineering work and supports nearly 60% of the company’s global engineering activities. The new facility will house key functions including digital solutions, information management, operations support, and asset integrity services. The office also enhances capabilities in digital twins and brownfield project execution, reflecting the company’s transition from a delivery centre to a global capability hub supporting integrated project delivery and innovation. Sri Narasu’s Coffee Company has announced an aggressive expansion strategy across southern India, including the opening of its first store in Bengaluru and a planned outlet in Amaravati. The century-old coffee brand currently operates 78 company-owned stores and offers more than 180 products across coffee, tea, and FMCG categories. The company aims to strengthen its presence in Karnataka, Kerala, and Andhra Pradesh after establishing a strong base in Tamil Nadu. Narasu’s also plans to expand its distributor network from 42 to 150 by the end of the fiscal year. The expansion is driven by rising coffee consumption in southern markets and the company’s ambition to increase market share with its premium coffee offerings. Flipkart has launched ‘GRWM GRWM’, a fashion-focused sale campaign inspired by the popular Gen Z trend “Get Ready With Me,” reimagined with
