Swiggy, Zepto, IAMAI move Karnataka HC against state's Gig Workers Welfare Act; Persistent punished after Nagarro buy; and Zerodha's investment banking foray

In today’s Tech3 from Moneycontrol, platform companies including Swiggy, Zepto and Urban Company challenge Karnataka’s Gig Workers Act in the High Court. We also unpack Persistent Systems’ EUR 1.27 billion acquisition of Nagarro, Zerodha’s move into investment banking, the government’s warning on the use of AI tools in official work, and how Prosus’ India business grew in FY26 with PayU turning EBITDA positive.