Railways Need 600 Crore, Pharma Wants a Billion, and Indians cleaning Russian Streets

This week: Indian Railways announces its second fare hike of the year, adding 10 to 28 rupees on long-distance trips. India's capital formation slumps to a decade low as households pour money into gold instead of productive investments. IndiaRF looks to exit Synthimed Labs at a billion-dollar valuation. Defence and aerospace startups like Skyroot are now competing with Big Tech for IIT engineers. And in St. Petersburg, 17 Indians including a former software developer are cleaning streets, earning 1.1 lakh rupees a month in a country desperate for labour. Learn more about your ad choices. Visit megaphone.fm/adchoices