In a recent podcast, Aircel founder Chinnakannan Sivasankaran revealed that political intervention led to the loss of his company, highlighting the challenges faced by entrepreneurs in India a decade ago. Sivasankaran pointed out that the business environment in India has significantly changed since then, providing more freedom to entrepreneurs today.

Paytm's parent company, One97 Communications, is reportedly planning significant job cuts amid financial challenges. The company may reduce its workforce by 15-20%, which translates to around 5,000-6,300 employees, in an effort to reduce employee costs by ₹400-500 crore this fiscal year, according to a report by the Financial Express.

Go First, which filed for bankruptcy in May last year, faced another major setback after EaseMyTrip founder and CEO Nishant Pitti announced the withdrawal of his bid for the defunct airline. The airline, once the fifth largest in India based on scheduled departures, has had its entire fleet of 54 aircraft grounded since May 3 last year. Earlier this month, the Directorate General of Civil Aviation (DGCA) de-registered all of Go First's aircraft, further complicating its revival prospects.