Former UN human rights chief Navanethem “Navi” Pillay, a South African jurist of Indian origin, whose work helped shape international law on genocide and sexual violence, has won the 2026 Nobel Peace Prize for her efforts to promote peace and international law.

In other news, Indian IT industry body Nasscom has highlighted that few employees transition from H-1B visas to permanent residency through the Permanent Labor Certification (PERM) process. The association’s comment comes a day after the US suspended new applications for permanent residency of foreign workers by companies including Microsoft, Cognizant, Infosys, TCS, and HCLTech, citing abuse in the entire process.

Indian IT companies have historically been the largest recipients of H-1B visas and have come under attack from successive US governments for preventing US citizens from work opportunities.

Moving on, the CSR (corporate social responsibility) spending by global capability centres (GCCs) in India has grown 6.4% over the past decade, accounting for 9% of India’s corporate philanthropy, a study notes.

The study done by Sattva Consulting and India Data Insights says the CSR spending by GCCs touched Rs 3,661 crore in FY25, growing at a 20.4% CAGR, compared with 15% growth in overall CSR spending.

Meanwhile, NABVENTURES, the venture capital arm of the National Bank for Agriculture and Rural Development (NABARD), has achieved the first close of its second fund, securing Rs 450 crore in initial commitments. The fund has a target corpus of Rs 1,500 crore, including a green-shoe option to accommodate additional investments.

Payments technology company Juspay reported a 30% year-on-year increase in revenue for the financial year ended March 31, 2026 (FY26), reaching Rs 664 crore, up from Rs 514 crore in FY25.

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