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Legend of Toys raises ₹21 crore Pre-Series A after hitting ₹30 crore annualised revenue growth

Legend of Toys raises ₹21 crore Pre-Series A after hitting ₹30 crore annualised revenue growth

Bengaluru D2C toy brand Legend of Toys has raised ₹21 crore in a Pre-Series A round led by Singularity and others, as it pushes toward what it calls India’s first premium play universe. The funding follows an 18-month surge that brought annualised revenue past ₹30 crore and 20% month-on-month growth. The company points to shifting demand signals: imports reportedly fell 52% while exports rose 239% from FY2014–15 to FY2022–23, alongside BIS certification since 2021.

Summarised by Beize from a story on Startup Talky on 15 May 2026
MeitY plans major changes to IT hardware PLI by 2026 27 as AI servers join incentives

MeitY plans major changes to IT hardware PLI by 2026 27 as AI servers join incentives

India’s Ministry of Electronics and Information Technology (MeitY) is preparing to revisit the Rs 17,000 crore IT hardware production-linked incentive (PLI) scheme later in FY27, after initial disbursements and rising component manufacturing. Officials say AI servers and other AI-linked hardware are likely to be added to coverage as part of the next modification window. Incentive payouts are expected to surge in the second half of FY27, currently far below the pace projected as many firms’ claims begin clearing this year.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Skyworth and Jaina JV to produce Panasonic TVs in India with fresh local supply chain push

Skyworth and Jaina JV to produce Panasonic TVs in India with fresh local supply chain push

Skyworth Group, the China-based TV and appliance maker, is partnering with India’s Jaina Group to manufacture and sell Panasonic-branded televisions in India. Industry sources say Jaina is likely to hold at least a 51% stake, while Skyworth takes the remainder, though the exact structure wasn’t disclosed. The agreement was signed in China and the partners plan to launch a new product range next month. The JV also aims to build local supply chain capabilities, building on Jaina’s recent role as Panasonic’s distribution partner in India.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Google considers making AI servers in India as HP already starts production says Ashwini Vaishnaw

Google considers making AI servers in India as HP already starts production says Ashwini Vaishnaw

IT Minister Ashwini Vaishnaw says Google is seriously considering manufacturing AI servers in India, building on early local progress with HP already producing such hardware. The potential move supports Google’s supply-chain diversification and comes after its $15 billion investment in an AI hub in Visakhapatnam, signalling deeper manufacturing and compute plans locally.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Tata Electronics targets 30 billion in five years as it builds India’s first chip fab

Tata Electronics targets 30 billion in five years as it builds India’s first chip fab

Tata Electronics is scaling semiconductor and electronics manufacturing fast, reporting strong revenue growth and profitability. The company now aims to reach a $30 billion business within five years, betting on India’s first semiconductor fab along with an assembly and test unit. Management says this push is designed to attract global customers and partners.

Summarised by Beize from a story on The Economic Times on 4 May 2026
India launches NdFeB magnet pilot plant to cut rare earth imports and challenge China dominance

India launches NdFeB magnet pilot plant to cut rare earth imports and challenge China dominance

India has started its first pilot plant for Nd-Fe-B rare earth permanent magnets at ARCI, Hyderabad—aiming to reduce massive yearly imports that cost hundreds of crores. The sintered NdFeB capacity push follows an RFP for 6,000 MTPA. This matters for EVs, wind power, defence systems, and electronics, shifting India from consumer to potential supplier.

Summarised by Beize from a story on IndianWeb2 on 24 Apr 2026

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Energy crunch triggers kiln shutdowns for India tile makers linked to Middle East war

Energy crunch triggers kiln shutdowns for India tile makers linked to Middle East war

India’s ceramics and tile hubs, worth about $6.5 billion and employing hundreds of thousands, are shutting down as energy shortages bite. Blazing kilns that power production have gone cold amid an electricity fuel crunch that sources link to disruption pressures from the Middle East war, raising fears of lost jobs and export setbacks.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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