Anthropic gets its first court win over the Pentagon’s supply chain risk label

Source: Tech Crunch

Anthropic gets its first court win over the Pentagon’s supply chain risk label

Startups

A federal judge ruled the Trump administration illegally labeled Anthropic a supply chain risk, handing the AI company a victory as its second Pentagon lawsuit continues in Washington.

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Apple TV is raising its subscription prices again

Startups

"Apple TV is increasing its subscription prices for the fourth time in four years, raising monthly costs to $14.99 and annual fees to $119. The Apple One bundle will also rise to $21.95 monthly. This trend mirrors price hikes from Netflix and Peacock, alongside rising hardware costs driven by AI demand. Meanwhile, Apple is expected to unveil new iPhones, potentially including a foldable model, on September 9.".

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The forgotten bestseller that predicted quiet quitting

Startups

Discover why a forgotten workplace bestseller feels surprisingly relevant in the age of quiet quitting, burnout, and shifting career values.

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a16z creates a $1.1B ‘Machine Age’ fund to ‘accelerate the physical buildout of AI’

Startups

Andreessen Horowitz has launched a $1.1 billion "Machine Age" fund to accelerate the physical buildout of artificial intelligence. Shifting from its typical software focus, the firm will invest in critical AI infrastructure, including computer chips, memory, data centers, and robotics. a16z views the advancement of AI as a social and national imperative, aiming to develop faster, more efficient systems and the necessary supporting materials and real estate.

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7 Books that uncover truths you were never meant to know

Startups

Seven influential books challenge common assumptions by exposing the hidden forces shaping modern society. These works explore diverse topics, including media manipulation, Cold War geopolitics, surveillance capitalism, and the psychology of finance. Additionally, they examine algorithmic bias and the shared myths that build civilizations. Together, these texts encourage readers to think critically about the systems governing their lives, from political narratives to digital privacy and human history.

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Jio Platforms Gets SEBI Nod For IPO

Business

Jio Platforms, the digital and telecom arm of Reliance Industries, has received SEBI's approval for its proposed initial public offering. The IPO will consist of a fresh issue of up to 27 crore equity shares, with no offer for sale. Proceeds are intended to repay borrowings of Reliance Jio Infocomm and for general corporate purposes. This listing aims to unlock value for major shareholders, including RIL, Meta, and Google.

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Meta India, Southeast Asia VP Sandhya Devanathan Steps Down

Business

"Sandhya Devanathan, Meta’s vice president for India and Southeast Asia, has stepped down after more than ten years with the company. Devanathan, who led Meta's operations in these key markets, plans to take a short break before pursuing new opportunities. Her departure occurs as Meta faces increased regulatory pressure in India regarding deepfakes and AI-generated content, and follows her role in the Meta-Reliance AI joint venture.".

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Meta executive leaves for OpenAI as the social media giant faces growing scrutiny in India

Startups

Sandhya Devanathan, Meta’s India and Southeast Asia VP, is leaving to join OpenAI, based in Singapore. She will oversee consumer growth, enterprise adoption, and operations across Southeast Asia and Australia. This appointment follows another key hire in India and underscores.

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Inside Groww’s Revenue Mix: What Comes After Broking

Business

Groww is diversifying its revenue streams to reduce reliance on stockbroking and equity derivatives, which dropped to 68.4% of its income in Q1 FY27. Despite growing its active client base to 1.31 crore, the company still trails competitor Zerodha in total revenue and profit. Groww is expanding into asset management and wealth management through acquisitions like Fisdom to drive future scalable growth and market competitiveness.

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Startup news and updates: Daily roundup (August 28, 2026)

Startups

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Friday, August 28, 2026.

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22 Rejections, Then Georgetown: A Bihar 19-Year-Old's Rs 3.5 Crore Scholarship

Startups

Adarsh Kumar, a student from Bihar, India, has joined Georgetown University in Qatar on a full scholarship after overcoming significant financial hardships and numerous academic rejections. The first Indian to win the $100,000 Chegg.org Global Student Prize, Kumar co-founded Skillzo to provide mentorship to underserved students. He now aims to study political science and economics to address institutional failures in his home state.

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As electric two-wheelers gain a foothold, Belgian startup Any bets on cargo space

Startups

Belgian startup Any has introduced the LUV1, a modular electric motorcycle designed to challenge urban car dominance. Termed a "life utility vehicle," the LUV1 combines a 120-liter cargo capacity with a top speed of 100 km/h and an 87-mile range. Starting at €7,000, the vehicle requires only an A1 license. After securing 600 reservations and €2.75 million in funding, Any is now seeking a €10 million Series A.

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Flipkart Minutes cashes in on last-minute shopping, sees 3X spike during Raksha Bandhan

Startups

Flipkart Minutes reported a threefold increase in festive shopping during Raksha Bandhan, driven largely by Gen Z shoppers who made up over 40% of customers. Rakhis saw a massive 20X growth, with over 2,000 sold per minute. Popular items included gold coins, electronics, and ethnic wear. Demand spanned major metros and smaller markets, highlighting the rising role of quick commerce in fulfilling last-minute gifting needs.

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Meesho sees 36% rise in Rakhi orders as non-metro India drives festive shopping

Startups

Meesho saw a 36% year-on-year increase in orders and a 38% rise in gross merchandise value during the Raksha Bandhan season. Non-metro markets drove this growth, accounting for 73% of orders, with Tier III and IV cities leading. Prepaid payments rose to 58%, while the number of Rakhi sellers grew by 72%. Personalised products, including name Rakhis, emerged as a key trend among consumers in smaller towns.

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Uber, Eternal, Porter Exit Karnataka Gig Workers Welfare Board: Report

Business

Uber, Eternal, and Porter have withdrawn from Karnataka’s gig workers welfare board as they legally challenge the state’s Platform-Based Gig Workers Act. The companies argue the law imposes excessive compliance costs and overlaps with central social security frameworks. While the High Court provided interim protection from coercive action, the state continues enforcing the 1% transaction fee. Meanwhile, other platforms like Delhivery and Yulu are joining the board.

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Ola Electric launches S1Z, deliveries to begin in December

Startups

Ola Electric has launched the S1Z electric scooter, starting at Rs 79,999. The vehicle features in-house developed 46-series LFP Bharat Cells and a top speed of 70 kmph. Two battery options are available: a 3.1 kWh variant with a 179 km range and a 5.1 kWh variant offering 301 km. Deliveries begin in December for the base model, while the higher variant arrives in March 2027.

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ESDS IPO Fully Subscribed Within Hours On Day 1

Business

ESDS Software Solution’s ₹720 crore IPO was subscribed 1.02 times on its first day, driven by retail and non-institutional investors. The company, which provides cloud and AI infrastructure, seeks a valuation of approximately ₹5,028 crore with a price band of ₹408-₹429. The issue closes on September 1, with listing expected on September 4. ESDS plans to use ₹576 crore to expand its data center infrastructure.

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Ather share price up 7% after Hero MotoCorp increases stake

Startups

Ather Energy's shares rose over 7% following Hero MotoCorp's decision to invest Rs 1,758 crore, increasing its ownership stake to 32.8%. The electric two-wheeler maker reported strong Q1 FY27 results, with total income rising 87.2% to Rs 1,260 crore and net losses shrinking by 71% to Rs 51 crore. Additionally, the company achieved a positive EBITDA of Rs 9 crore and saw deliveries increase by 80.5% year-on-year.

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Ola Electric Launches S1Z Escooter With Bharat Cell LFP Battery

Business

EV maker Ola Electric has launched its new S1Z electric scooter range with its indigenously developed Bharat Cell lithium iron.

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Fintech Startups To Watch: Startups That Caught Our Eye In August

Business

India's fintech sector in August focused on UPI sustainability, AI integration, and specialized services. While the government debated merchant discount rates for UPI, companies like Razorpay launched AI models for payment intelligence. Investors showed strong interest in wealthtech and SaaS, with significant funding for Centricity and Navi. Additionally, early-stage startups like CoverSure, Fold Money, Komplai, Tap Invest, and The Financialist are innovating in insurance, accounting, and investment management.

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