Northern Metropolis and AI vital to Hong Kong’s 5-year plan: business chambers
South China Morning Post – World
· China
Hong Kong’s inaugural five-year plan should prioritise the Northern Metropolis megaproject, strengthen the city’s position as an international financial centre…
From a company that provides financial investment planning services to building a security firm, veterans are bringing military discipline to startup building.
BP to develop offshore gasfield in Venezuela with firms linked to Trump administration
The Guardian – World
· Europe
Move will be one of first large-scale foreign investments in country since US ousted leader Nicolás Maduro in JanuaryBP has answered Donald Trump’s call for oi…
PhysicsWallah Q1 FY27 revenue jumps 24% to Rs 1,054 Cr amid Rs 88 Cr net loss
Your Story
· India
PhysicsWallah’s Q1 FY27 revenue rose 24% to Rs 1,053.95 crore. While achieving positive EBITDA of Rs 52 crore, the group reported a consolidated net loss of Rs…
Meet the former military people who are now entrepreneurs and industry leaders
Your Story
· India
On the occasion of Independence Day, we bring you the stories of former armed forces personnel who have transitioned to the world of entrepreneurship, business…
India’s Biggest Startup Backer Is Hiding in Plain Sight
Your Story
· India
For a decade India backed venture funds without picking startups. RDI and Semicon 2.0 now move public money onto cap tables. What that shift changes, and risks.
China’s EV sales slide again amid fading incentives, weak demand and persistent price war
South China Morning Post – World
· China
Deliveries of electric vehicles (EVs) in China fell 3.9 per cent in July from a year earlier, extending their decline to a seventh consecutive month as fading …
Why N Chandrasekaran is stepping down as Tata Sons chairman: Full statement
Times of India – World
· India
- TOI Business Desk provides global business news, covering industries, markets, and economic trends for TOI readers.
- Focuses on in-depth analysis, exclusi…
Tata Sons chairman N Chandrasekaran resigns, will complete current term
Times of India – World
· India
- TOI Business Desk provides real-time global business news and analysis to keep readers informed about economic trends and market dynamics.
- The team cover…
Why does SK Hynix want to sell its chip facility in southwest China?
South China Morning Post – World
· China
South Korean chipmaker SK Hynix’s potential deal to offload a packaging plant in southwest China is part of a strategic pivot towards higher-margin artificial …
India’s top 300 family businesses valued at $1.46T, rivaling global economies
Your Story
· India
Valued at $1.46 trillion, India’s top 300 family businesses could represent the world’s 18th-largest economy. Led by the Ambanis, they grew 27.5%, outperformin…
Gap bucks retail headwinds with massive China expansion amid localisation drive
South China Morning Post – World
· China
Amid widespread store closures by foreign fast-fashion players in China, US apparel brand Gap is defying industry headwinds.
It plans to open 50 new stores in …
Shein set to take orders for Hong Kong IPO next week, eyeing US$35b valuation: sources
South China Morning Post – World
· China
Fast-fashion retailer Shein Global Holdings is planning to take investor orders for its Hong Kong initial public offering (IPO) as soon as next week, aiming fo…
Chinese dad accepted into MBA programme after daughter challenges him to take exam
South China Morning Post – World
· China
A father in northwestern China embraced a challenge posed by his teenage daughter during a heated argument and ultimately earned a spot in an MBA programme.
Zh…
Trump’s media company, which also owns Truth Social, reports $238m loss
The Guardian – World
· Europe
Company also announced a paid service for early access to president’s posts on policies to the social media siteDonald Trump’s media company – which owns the T…
YouTube now requires creators to have twice as many watch hours to start earning money
TechCrunch
· US
Creators who want to start earning on the platform will need at least 8,000 qualified watch hours over the past year or 20 million qualified Shorts views in th…
Bakingo parent raises nearly Rs 100 Cr from Faering Capital
Your Story
· India
The company allotted 7,436 Series B compulsory convertible preference shares to the investors after receiving the subscription money, with the allotment approv…
Car owners should challenge insurers on steep price hikes and ‘call their bluff’, Asic says
The Guardian – World
· Europe
Regulator finds many insurers raising premiums faster than inflation and advises customers to ask for better dealsGet our breaking news email, free app or dail…
Uber partners with Hong Kong firm to launch its first premium service outside US
South China Morning Post – World
· China
Uber has partnered with a Hong Kong transport operator to launch its first premium service outside the United States, but local lawmakers have stressed the mov…
John Lewis managing director Peter Ruis quits job after less than three years
The Guardian – World
· Europe
Surprise departure comes after department store chain’s chair warned of ‘really tough trading conditions’Business live – latest updatesThe managing director of…
Lululemon rival Alo Yoga enters China market with online store on Alibaba’s Tmall
South China Morning Post – World
· China
Los Angeles-based yoga apparel brand Alo Yoga, a rival of Lululemon, will open its first online flagship store on Alibaba Group Holding’s e-commerce platform T…
ONGC, Shell Energy India sign MoU to explore deepwater blocks, LNG sourcing opportunities
Times of India – World
· India
ONGC and Shell Energy India have entered into a memorandum of understanding to collaboratively delve into potential joint ventures. Their focus will be on asse…
Delhivery reports 65% dip in profit, revenue up 28% in Q1
Your Story
· India
Delhivery also announced the elevation of Vani Venkatesh to the role of Deputy CEO, effective immediately. Ms Venkatesh joined the company in February 2025 as …
DPIIT inks pacts with five firms to support startups
Your Story
· India
Under the Memorandum of Understanding (MoU) with Cashfree Payments India, eligible startups will receive access to secure and scalable payment and payout solut…
Hong Kong commerce chief to lead joint local and mainland delegation to Malaysia
South China Morning Post – World
· China
Hong Kong’s commerce chief is set to lead a delegation of mainland Chinese and local firms to Malaysia next week, noting that about 200 enterprises from across…
Mark Zuckerberg gave an update on ‘Meta's 4 am layoff email’ to employees
Times of India – World
· India
Meta's CEO Mark Zuckerberg addressed the recent layoffs alongside substantial investments in artificial intelligence. Despite reporting impressive revenue grow…
In today’s digital-first environment, the question is no longer how quickly businesses can respond to disruptions but how effectively they can anticipate them …
Navigating the Pivot From Tech Expert to Organizational Leader
IEEE Spectrum
· Global
The transition from a purely technical expert or individual contributor position to a broader leadership role is one of the most challenging phases in a STEM c…
Ola Electric narrows loss to Rs 336 Cr in Q1, revenue falls 45%
Your Story
· India
The Bhavish Aggarwal-led company said its registrations grew 97% quarter-on-quarter, outpacing the broader electric two-wheeler (E2W) market, which grew 17%.
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Efficiency, lifespan, environment: test your business creativity with Edition 245 of our weekly quiz!
Source: Your Story
·
- Reneonix uses AI to sort glass and create circular packaging materials, addressing recycling gaps for brands.
- WalkAbout India offers reskilling and business ventures for active seniors, promoting lifelong engagement.
- Aule Space extends satellite life with propulsion tech, targeting a $5.5B market by 2030.
- SunCharge Motors integrates solar panels on EVs, reducing charging costs for commercial fleets.
Northern Metropolis and AI vital to Hong Kong’s 5-year plan: business chambers
Source: South China Morning Post – World
·
- AmCham and FHKI urge Hong Kong’s five-year plan to prioritize the Northern Metropolis as a key economic driver, boosting its financial center status and AI strategy.
- Over 16,000 submissions, including these recommendations, will shape Hong Kong’s 2026–2030 development plan aligned with China’s 15th five-year plan.
- The Northern Metropolis aims to transform 30,000 hectares into a growth hub, housing center, and university town near the mainland border.
- FHKI calls for industrial focus and enterprise growth; AmCham advocates a unified entity for coordination and expanded wealth integration in the Greater Bay Area.
7 Must-read books on India’s pre-1947 business pioneers
Source: Your Story
·
- Pre-independence Indian entrepreneurs like Jamsetji Tata built industries under colonial rule, fostering nation-building through jobs and infrastructure.
- *For the Love of India* highlights Tata's visionary approach to steel, science, and education amid colonial challenges.
- *Three Merchants of Bombay* explores 19th-century traders' success via networks, partnerships, and adaptability to global markets.
- *The Marwaris* traces Marwari traders' migration and transition to industry, emphasizing trust and community in business growth.
Meet the faujis who swapped uniforms for startups
Source: Your Story
·
- **Independence Day focus**: Article highlights overlooked women in India’s freedom struggle and Gen Z’s evolving view of freedom, emphasizing their stories and perspectives.
- **Solar research breakthrough**: Aditya-L1 data reveals solar corona heating via "bubbly motions" and tangled magnetic fields, published in *Astrophysical Journal Letters*.
- **Startup updates**: Zetwerk files for Rs 2,600 crore IPO, while veterans launch ventures blending military discipline with entrepreneurship.
- **Venture funding stats**: SIDBI’s Rs 11,808 crore in alternative funds boosted 1,371 startups, contrasting India’s "arm’s-length model" with global approaches.
(Weekly funding roundup Aug 8-14) Tepid VC inflow but Yulu provides relief
Source: Your Story
·
- VC funding in India's startups dropped to $146M in early August, with Yulu's $93M raise as the sole major deal.
- Weekly funding hovered around $100–200M since January, despite 10 instances of exceeding $300M.
- 2025’s total fundraise hit $12.1B, with this year likely matching or slightly surpassing that.
- Limited deal activity and sector-specific investments persist, yet the ecosystem remains active.
BP to develop offshore gasfield in Venezuela with firms linked to Trump administration
Source: The Guardian – World
·
- BP to develop Venezuela’s Loran gasfield, a first major foreign investment since Maduro’s ousting, partnering with Trump-linked firms and UAE oil company.
- Trump’s call for $100bn in Venezuela oil investments spurred BP’s return, alongside Shell and Chevron’s limited involvement.
- Venezuela’s oil output rose to 1.2m barrels/day under Trump’s administration, up from 1m/day amid industry recovery efforts.
- BP’s deal highlights renewed European interest in Venezuela’s vast oil reserves, despite past underinvestment and nationalization.
PhysicsWallah Q1 FY27 revenue jumps 24% to Rs 1,054 Cr amid Rs 88 Cr net loss
Source: Your Story
·
- PhysicsWallah reported 24% revenue growth to Rs 1,054 crore, driven by 88% K-12 segment surge, with net loss narrowing 30.5% to Rs 88 crore.
- EBITDA hit Rs 52 crore (4.9% margin) amid NEET cycle shifts, while offline revenue rose 14% to Rs 490 crore.
- Transitioning to lifelong learning, exiting student-lending, and scaling AI-powered tools like digital books and AI tutors.
- Unique users hit 2.1 million, ACPU up 10% to Rs 4,312, with Rs 5,601 crore treasury and adjusted EBITDA at Rs 135 crore.
Meet the former military people who are now entrepreneurs and industry leaders
Source: Your Story
·
- Anthony Anish, a former IAF officer, co-founded MyGate (security platform) and later led T-Hub and Jamwant Ventures, leveraging military expertise in security systems.
- Col Sanjeev Govila established Hum Fauji Initiatives, offering financial services to armed forces, serving 3,500 families.
- Chandan Rathore created Coreshield, an AI security platform for critical infrastructure, addressing communication gaps identified during his military service.
- Teja Manakame, a female IAF officer, joined a startup, highlighting women's roles in defense tech, though her story is cut off.
Startup news and updates: daily roundup (August 14, 2026)
Source: Your Story
·
- Kaspersky blocked 75M cyberattacks in APAC, including 3.4M backdoors and 2.4M password-stealer attacks.
- Studio Blo’s AI-driven short film reimagines freedom for Independence Day through tech and storytelling.
- TCS and Rolls-Royce tested 100% hydrogen-powered aero turbine for sustainable aviation.
- MakeMyTrip partners with MoT to offer 350+ guided tours across 60+ cities for Independence Day.
India’s Biggest Startup Backer Is Hiding in Plain Sight
Source: Your Story
·
- India's government has been a major backer of venture funds via SIDBI, investing ₹11,808 crore into 153 funds, which in turn funded 1,371 startups.
- Unlike the U.S. and China, India used intermediaries to avoid direct company selection, maintaining an arm's-length model.
- New initiatives like Startup India Fund of Funds 2.0 and RDI Scheme now allow public capital to directly invest in startups, shifting from intermediation.
- The government prioritizes deep tech and subsidizes hard science through structured fund multipliers, while retaining public money as a revolving investment.
China’s EV sales slide again amid fading incentives, weak demand and persistent price war
Source: South China Morning Post – World
·
- Domestic EV deliveries fell 3.9% in July, marking seven consecutive months of decline, with a 5.8% drop in June sales.
- Overseas EV shipments surged 147.8% in July, contrasting with domestic declines, highlighting the widening gap between markets.
- Industry experts warn small EV companies may close due to weak demand, with price cuts likely to boost sales in the coming months.
- Total car deliveries in China dropped 20.9% in July, with EVs accounting for 65.1% of sales, and a 12.5% annual decline in EV deliveries.
Why N Chandrasekaran is stepping down as Tata Sons chairman: Full statement
Source: Times of India – World
·
- TOI Business Desk provides global business news, covering industries, markets, and economic trends for TOI readers.
- Focuses on in-depth analysis, exclusive reports, and breaking stories impacting businesses and economies.
- Aims to keep readers informed about dynamic commerce to navigate business complexities.
- Offers financial calculators for loans, SIPs, PPF, FD, NPS, and mutual fund returns.
Tata Sons chairman N Chandrasekaran resigns, will complete current term
Source: Times of India – World
·
- TOI Business Desk provides real-time global business news and analysis to keep readers informed about economic trends and market dynamics.
- The team covers diverse industries, markets, and economic trends with in-depth reports and exclusive insights.
- They deliver breaking stories and detailed analysis to help readers navigate complex business environments.
- The desk aims to offer valuable updates for informed decision-making in the ever-changing commerce landscape.
Why does SK Hynix want to sell its chip facility in southwest China?
Source: South China Morning Post – World
·
- SK Hynix aims to pivot toward high-margin AI memory by exploring a $3B sale of its Chongqing packaging plant.
- Analysts caution valuation hurdles and market volatility may complicate the sale.
- The Chongqing plant focuses on NAND flash packaging, while SK Hynix operates front-end plants in Wuxi and Dalian.
- The move targets shifting capital from lower-margin legacy products to higher-growth HBM memory.
Phoebe Gates and Sophia Kianni reportedly knew Phia was ‘cookie stuffing’ for months
Source: TechCrunch
·
- Phia, co-founded by Gates and Kianni, faces accusations of cookie stuffing, where it falsely claimed credit for unaffiliated purchases, violating affiliate agreements.
- Bloomberg alleges cookie stuffing constituted significant sales, leading to revenue drops after the practice was halted, impacting brands like Nike and Nordstrom.
- Phia lost half its staff and faced investor backlash for aggressive affiliate marketing, with leaked Slack messages confirming executives knew about the practice.
- The company claims to have removed misattributed transactions and hired a compliance head, but past data collection controversies persist.
India’s top 300 family businesses valued at $1.46T, rivaling global economies
Source: Your Story
·
- India’s top 300 family businesses hit $1.46 trillion in value, equivalent to an 18th-largest global economy, outpacing nations like Switzerland.
- Despite market declines, these firms grew 27.5% over two years, with Ambani, Birla, and Jindal families leading valuations.
- First-gen wealth creators, like Adani, now hold 62% of top 100 first-gen businesses, signaling entrepreneurial dynamism.
- These firms employ 5.4M people, pay 17% of India’s corporate taxes, and show rising professional leadership and women-led ventures.
Startup news and updates: daily roundup (August 11, 2026)
Source: Your Story
·
- **Nexular** (Mumbai, 2023) builds EV connectivity, offering real-time data tracking and remote vehicle management via AI and cloud tech.
- **Vecton AI** raised Rs 6 crore to expand AI solutions for BFSI, using FDE engineers to bridge AI experimentation and production.
- **Ayati Devices** (Bengaluru) secured Rs 15 crore for diabetic foot diagnostics, expanding diagnostic tools and global reach.
- **FreightFox** raised Rs 5 crore to digitize logistics, offering actionable insights and expanding its TMS platform in India.
Gap bucks retail headwinds with massive China expansion amid localisation drive
Source: South China Morning Post – World
·
- Gap plans 50 new stores in China and returns to Hong Kong by year-end, defying industry closures.
- Localisation strategy led to first profit in Q4 2023, with 20% same-store sales growth in Q1.
- Baozun’s takeover enabled "China-for-China" strategy, targeting first- to third-tier cities and Tibet.
- Analyst stresses radical localisation, flattening structures, and local decision-making for foreign brands.
Shein set to take orders for Hong Kong IPO next week, eyeing US$35b valuation: sources
Source: South China Morning Post – World
·
- Singapore-based (China-founded) company seeks $2.8B raise, gauging investor demand last week, aiming to finalize by month’s end.
- Valuation targets $30–35B, down from 2022’s $100B peak and earlier $40–50B private estimates.
- Previous NY/London IPO plans stalled due to US/EU regulatory scrutiny over supply chains and tax practices.
- Sources note valuation “won’t be less than $30B,” reflecting significant market decline from peak expectations.
Trump’s media company reports $238m loss
Source: Al Jazeera – News
·
- **TMTG reported a $238m net loss in Q2 2026, driven by $190.4m in unrealised digital asset losses and $11.7m in accreted interest.**
- **Revenue rose 89% year-over-year to $1.7m, with $1.43m from ads and $179,500 from subscriptions.**
- **Expanded into crypto and market intelligence via Truth API, which raised $60k–$100k/month in fees but faces conflict-of-interest concerns.**
- **Shares dropped 8%, and Truth Social’s user traffic fell 33% YoY, despite CEO claims of 10 API subscribers.**
Chinese dad accepted into MBA programme after daughter challenges him to take exam
Source: South China Morning Post – World
·
- Zhang Zhiqiang prioritizes perseverance and example over lectures in parenting, aiming to guide his daughter's education.
- He accepted his daughter's challenge, reducing work to help her study, leading to an MBA program spot.
- Working in health/wellness, he spends 300 days/year traveling, leaving wife to manage education.
- Teen daughter argued students now face heavier academic burdens than his generation.
Trump’s media company, which also owns Truth Social, reports $238m loss
Source: The Guardian – World
·
- Trump Media reported $238m Q2 loss, pivoting from crypto/betting to social media under new CEO Kevin McGurn.
- Launched paid Truth API service for $60k–$100k/month early access to Trump’s posts, criticized as corrupt.
- Company continues nuclear fusion venture and merger with TAE Technologies, with $400m cash and $1.2bn Bitcoin assets.
- Faces debt risks from convertible notes, but has $1bn in Bitcoin and $400m liquidity despite criticism.
Petsense Is Closing Stores: List of Doomed Locations Grows as Pet Supplies Retailer Faces Shifting Habits
Source: Inc.
·
- Tractor Supply to close ~75 Petsense stores (over a third of total locations) due to underperformance and negative cash flow.
- Petsense, acquired in 2016, offers pet supplies, grooming, and adoption services in 208 U.S. locations.
- Closures aim to boost returns, simplify operations, and prioritize higher-growth opportunities.
- CEO cited "negative four-wall cashflow" as the primary reason for shuttering these stores.
YouTube now requires creators to have twice as many watch hours to start earning money
Source: TechCrunch
·
- YouTube raises monetization thresholds: Creators must now meet 8,000 watch hours/year or 20M Shorts views/90 days (up from 1,000 subs + 4,000 watch hours).
- Shorts Creators Pool now requires 10M views/90 days for revenue; existing partners retain long-form earnings until threshold is met.
- YouTube expands Premium Lite globally, offering ad-free viewing and offline access, with creators sharing 55% (long-form) and 45% (Shorts) of subscription revenue.
- Changes may limit new creators’ entry into monetization; X and Facebook also revised creator payout policies this year.
Startup news and updates: daily roundup [August 10, 2026]
Source: Your Story
·
- **GalaxEye acquires StarOps**, enhancing satellite development and Earth Observation capabilities in India's spacetech sector.
- **Sarla Aviation** secures regulatory approval for commercial production, partnering with healthcare and logistics firms.
- **Aum Ventures raises Rs 225 crore** for India Innovation Fund II, targeting deeptech startups in AI, semiconductors, and energy.
- **Google launches Sprint** for startups, combining AI templates and business strategies to bridge tech and scalability gaps.
Bakingo parent raises nearly Rs 100 Cr from Faering Capital
Source: Your Story
·
- FA Gifts raised ~Rs 100 crore from Faering Capital funds via Series B shares, with allocations to two growth funds managed by the private equity firm.
- Shares issued at Rs 1,34,477.51 each, reflecting a premium, though fund usage details are unspecified in the latest round.
- Earlier 2023 funding supported Bakingo’s expansion and tech upgrades, contrasting with current undisclosed deployment plans.
- FA Gifts operates FlowerAura (gifting) and Bakingo, competing in a sector focused on scalability, with peers like Ferns N Petals planning IPOs and expansions.
Car owners should challenge insurers on steep price hikes and ‘call their bluff’, Asic says
Source: The Guardian – World
·
- ASIC warns insurers raise car premiums faster than inflation, with none adequately explaining price hikes to customers.
- Premiums rose 8% in 2025 and 3.1% in 2026, outpacing inflation, with some customers getting lower rates without policy changes.
- Insurers failed to disclose annual payment savings or past-year comparisons, hindering price transparency and customer comparisons.
- Industry groups urge clearer communication, but customer dissatisfaction with rising premiums remains high.
Uber partners with Hong Kong firm to launch its first premium service outside US
Source: South China Morning Post – World
·
- Uber partners with Kwoon Chung Bus to launch Uber Elite in Hong Kong, offering premium rides with Mercedes-Benz, chauffeurs, and airport services.
- Lawmakers state the move isn’t linked to Uber’s pending regulatory license quota expansion.
- Service targets business travelers with pre-booked, personalized, high-quality travel options.
- 15–30 trained drivers from Kwoon Chung’s limousine department will operate the premium service.
John Lewis managing director Peter Ruis quits job after less than three years
Source: The Guardian – World
·
- Peter Ruis resigns as John Lewis MD after 3 years, replaced by Will Kernan, who highlights growth potential amid tough trading conditions.
- Inflation from US-Israeli conflict pressures retail, impacting John Lewis’s profits and consumer spending.
- Kernan, with retail experience, aims to sustain John Lewis’s trusted brand amid economic challenges.
- Co-op Group’s chair steps down amid cyber-attack and culture claims, with interim leadership appointed.
Lululemon rival Alo Yoga enters China market with online store on Alibaba’s Tmall
Source: South China Morning Post – World
·
- Alo Yoga opens first Tmall store in China, ahead of physical stores, as part of expansion into premium athleisure market.
- China’s competitive athleisure market sees new entrants like Church’s and Mueller targeting similar consumers.
- Alo Yoga, priced similarly to Lululemon, entered China in June to tap growing athleisure demand.
- Analysts note slowing yoga apparel growth but expect support from athleisure innovation and lower-tier city expansion.
Jeff Bezos consortium nears deal to buy stake in Liverpool FC: Reports
Source: Al Jazeera – News
·
- Consortium led by Amit Bhatia, including Jeff Bezos and Eduardo Saverin, nears $5.9bn deal to acquire ~1/3 stake in Liverpool.
- Valuation ranks among largest football club deals, reflecting Liverpool’s growth under FSG’s 16-year ownership.
- FSG retains control while exploring outside investment, with potential announcement as early as this week.
- Liverpool faces transition after losing manager Arne Slot, Salah, and key exec Michael Edwards.
Info Edge reports 43% rise in net profit for Q1FY27
Source: Your Story
·
- **Info Edge** reported a 43% rise in Q1FY27 net profit (Rs 490 crore) and 11.4% revenue growth (Rs 881 crore), driven by AI adoption and improved enterprise hiring.
- **Naukri** led revenue growth (12% YoY to Rs 630 crore), while **99acres** saw 17% YoY revenue rise (Rs 130 crore), but posted a Rs 2.13 crore loss.
- **Cash flows** grew 25.3%, with recruitment and real estate billings up 17.5% and 16.5%, respectively, reinforcing the company’s cash-generative model.
- **AI expansion** across recruitment and real estate platforms is enhancing products and creating new growth opportunities for the group.
ONGC, Shell Energy India sign MoU to explore deepwater blocks, LNG sourcing opportunities
Source: Times of India – World
·
- Calculate monthly loan installments for repayment planning.
- Estimate SIP returns for investment growth tracking.
- Determine PPF/FD maturity amounts and earned interest.
- Assess NPS pension corpus and use Mutual Fund Calculators for future value projections.
Delhivery reports 65% dip in profit, revenue up 28% in Q1
Source: Your Story
·
- Delhivery reported a 65% profit decline in Q1 FY27 due to Ecomm acquisition integration costs, but revenue rose 28% to Rs 2,931 crore.
- Express shipments grew 55.2% YoY to 322 million, driven by market share gains and demand from D2C, SME, and consumer segments.
- Company expects 20-30% express volume growth for FY27, citing geographic expansion and new client additions.
- Vani Venkatesh elevated to Deputy CEO; Ajith Pai steps down as COO.
DPIIT inks pacts with five firms to support startups
Source: Your Story
·
- DPIIT partners with Cashfree Payments to offer secure payment solutions and preferential onboarding for startups.
- Darwin Dynamics supports capacity-building in clean energy, AI, and advanced manufacturing.
- Vultr India enhances startups' access to cloud resources and digital infrastructure.
- Cars24 provides mentorship, AI tech enablement, and innovation challenges for startup growth.
Hong Kong commerce chief to lead joint local and mainland delegation to Malaysia
Source: South China Morning Post – World
·
- 200 mainland firms established offices in Hong Kong since last year to expand globally, using it as a gateway.
- Hong Kong targets Africa’s emerging markets after exploring Middle East/Central Asia amid geopolitical tensions.
- Malaysia trip aims to secure bilateral investments and attract foreign businesses to boost Hong Kong’s economy.
- "Domestic circulation" strategy supports mainland China’s self-reliance through a robust domestic market.
Mark Zuckerberg gave an update on ‘Meta's 4 am layoff email’ to employees
Source: Times of India – World
·
- TOI Tech Desk delivers timely, relevant tech news to The Times of India readers.
- Coverage includes gadgets, trends, AI, cybersecurity, and social media platforms.
- Focuses on in-depth analysis, exclusive reports, and breaking tech stories.
- Prioritizes accuracy and authenticity in reporting digital and tech developments.
She Is Russia’s Richest Woman. Her Business Empire Is Going Up in Flames.
Source: The New York Times – World
·
- Ukrainian airstrikes target Wildberries warehouses, destroying facilities and killing nine workers, marking first direct attack on a private Russian business.
- Tatyana Kim, Russia’s richest woman, faces survival crisis as attacks disrupt her e-commerce empire and strain wartime logistics.
- Ukraine claims Wildberries supplies soldiers, aiming to pressure Putin by causing societal disruption and hardship in Russia.
- Kim condemns strikes as “terrorism,” defending her business as comparable to global platforms like Amazon and Alibaba.
The rise of predictive commerce for India’s MSMEs
Source: Your Story
·
- Commerce faces high uncertainty due to shifting demand, logistics costs (7.97% of India’s GDP), and outdated reliance on intuition for decision-making.
- Predictive analytics now enables proactive logistics management, reducing delays and failed deliveries, which cost D2C brands over Rs 8,000 crore annually.
- Dynamic inventory planning using data trends optimizes stock levels, balancing costs and sales, while improving customer experience and profitability.
- Hyperlocal demand forecasting helps brands target regional variations, replacing broad assumptions with data-driven decisions for expanded market entry.
Navigating the Pivot From Tech Expert to Organizational Leader
Source: IEEE Spectrum
·
- IEEE ILC (3-4 Oct, Budapest) helps mid-career professionals transition to leadership via systems thinking, adaptive strategies, and entrepreneurial mindset.
- Leaders must shift from technical focus to collaborative empowerment, aligning innovations with organizational goals and ethical realities.
- Intrapreneurship within corporate structures requires proactive problem-solving, trust-building, and presenting bold ideas as strategic solutions.
- The conference emphasizes generational collaboration, mutual learning, and sessions on career transitions like promotions, lateral influence, and innovation pitching.
Ola Electric narrows loss to Rs 336 Cr in Q1, revenue falls 45%
Source: Your Story
·
- Ola Electric reduced consolidated loss to ₹336 crore (from ₹428 crore) in Q1 FY27, despite 45% revenue drop to ₹455 crore.
- Registrations surged 97% QoQ, market share rose to 8.4%, outpacing E2W market growth of 17%.
- AI integration now spans sales, fulfillment, and R&D, with EV adoption rising due to fuel price volatility.
- Ola opens sales network to dealers, focusing on scalable growth through tech and expanding market share.
Two childhood friends turned India’s trash paper into a multi-crore notebook brand
Source: Your Story
·
- Naren and Ashutosh shifted from plantable stationery to recycled copier paper/notebooks, prioritizing recurring demand over one-time sales.
- Developed proprietary process for smooth, unbleached recycled paper, avoiding harsh chemicals and landfill waste.
- Recycled 500+ tonnes of paper, saved 9,200 trees, and cut 4.31 lakh kg of carbon emissions, scaling to a multi-crore business.
- Grew via Shark Tank India exposure, focusing on sustainable, everyday products over trendy, disposable solutions.
EV retail sales break record at 3.27 lakh units in July: FADA
Source: Your Story
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- India's EV retail sales hit 3,27,901 units in July 2026, a 66% YoY rise, with EVs accounting for ~12% of total vehicle sales.
- Two-wheelers led growth (88.32% surge to 2.04 lakh units), while three-wheelers and commercial EVs saw 25.3% and 168.6% increases, respectively.
- EV penetration reached 12%, with two-wheelers at 11.2%, three-wheelers at 65.1%, and commercial EVs at 3.57% market share.
- FADA highlighted EV transition as a "showroom reality," urging manufacturers to resolve supply issues for passenger vehicles.
India's handloom doesn't need sympathy. It needs better positioning
Source: Your Story
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- Young weavers leave due to unstable livelihoods, as parents push for financial security outside the sector.
- Handloom’s challenge is poor positioning, not powerlooms; it must compete on authenticity, sustainability, and cultural heritage.
- Sector health requires tracking full-time weavers, earnings, and design-led products, not just registered numbers.
- Startups and tech (AI, digital tools) can enhance handloom’s global competitiveness while preserving traditional craftsmanship.
Wakefit starts FY27 with profitability despite cost pressures
Source: Your Story
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- Wakefit's FY27 June quarter revenue rose 16.6% to Rs 404.9 crore, with profit after tax up 19.2% to Rs 23.4 crore, aided by improved margins and price hikes.
- Gross profit expanded to Rs 231.1 crore (57.1% margin) due to cost adjustments, while own channels grew 20.5% to 72.3% of revenue.
- The company added 27 stores (total 165) and expanded multi-brand outlets to 2,250, planning 80 new stores with Rs 100-120 crore capital spend.
- Price increases mitigated raw material cost volatility, with CEO noting strategic focus on retail expansion despite inflation risks in FY27.
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