Bombay HC Allows Nitin Gadkari To Sue Meta, Google, X Over Circulation Of Deepfakes

Source: inc42

Bombay HC Allows Nitin Gadkari To Sue Meta, Google, X Over Circulation Of Deepfakes

Business

"The Bombay High Court has permitted Union minister Nitin Gadkari to file a civil suit against Meta, Google, X, and other entities over AI-generated deepfakes. Gadkari alleges that defamatory content falsely links him and his family to financial gains from the government's E20 fuel programme. This case serves as a significant legal test for platform liability, personality rights, and the regulation of AI-driven disinformation within India.".

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Commerical EV maker Omega Seiki Mobility raises Rs 50 Cr

Startups

Electric commercial vehicle manufacturer Omega Seiki Mobility (OSM) has raised Rs 50 crore in a funding round co-led by Securocorp Securities. The capital will be used to expand manufacturing capacity, enhance research and development, and grow its nationwide dealer network. With a valuation between Rs 1,775 crore and Rs 2,833 crore, OSM serves major clients like Amazon and Flipkart, reporting FY26 revenue of approximately Rs 333 crore.

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B2B food supply platform Urban Harvest secures Rs 341 Cr funding

Startups

Urban Harvest, a B2B food supply platform operated by Momentum Private Limited, has raised Rs 341.4 crore in a Series D funding round from 58 investors. Founded in 2019, the company provides fresh produce and kitchen essentials to 16,000 restaurants monthly. The capital will fuel expansion into Mumbai, Hyderabad, and Jaipur. Having turned profitable with FY26 revenue of Rs 385 crore, Urban Harvest targets Rs 1,500 crore by FY27.

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Number of Indians with income above Rs 100 Cr crosses 500 mark in FY26

Startups

Data from the Ministry of Finance reveals that the number of individuals reporting annual incomes exceeding Rs 100 crore rose by 40% between FY25 and FY26, reaching 576 people. While the Hurun Global Rich List shows an increase in billionaires, debates over income inequality persist. The World Inequality Report 2026 highlights significant disparities, though the government disputes this, citing a decreasing Gini coefficient in recent expenditure surveys.

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Most Indian launch startups buy their engines. Cosmicport is building its own

Startups

Cosmicport, a Tamil Nadu-based startup founded in 2023, aims to expand India's small satellite launch capacity. The company is developing the Mach Blue launch vehicle powered by Cryonix, a reusable methane-oxygen engine. Following a successful cryogenic ignition trial in July 2026, Cosmicport plans to demonstrate reusability by 2027 and begin commercial launches by 2029. The firm receives institutional support from accelerators and guidance from an ISRO veteran.

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Enerzolve is building Indian silicon and power electronics for the country's electricity grid

Startups

"Enerzolve, a Bengaluru-based startup founded by industry veterans Abhay Adya and Anupam Kumar Bhatt, aims to localize India's electricity grid hardware. The company focuses on smart grid systems and energy storage, utilizing a full-stack approach to develop intellectual property for local conditions. Having raised $5.1 million in seed funding, Enerzolve is now building its engineering teams and pursuing critical certifications to serve utility customers.".

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Exsure is working on a way to make chemotherapy less toxic, backed by peer-reviewed research

Startups

Exsure, a Bhubaneswar-based biotech company founded in 2021, is developing an exosome-based delivery platform to target cancer cells and stem cells more precisely than traditional chemotherapy. This approach aims to reduce damage to healthy tissue and prevent disease recurrence. Currently in preclinical development, the company funds its long-term research by selling laboratory reagents. Exsure recently raised Rs 3 crore in seed funding to advance its non-clinical studies.

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Heat kills electronics. So, a materials scientist in Bengaluru spent a decade solving the problem

Startups

Bengaluru-based startup Helionis Labs is developing a domestic alternative to imported dielectric materials used in insulated metal substrates. Founded by Tarun Jha, the company utilizes an additive manufacturing process to print proprietary dielectric material directly onto aluminum, improving heat dissipation for LEDs, electric vehicles, and telecom equipment. After raising pre-seed funding from Transition VC, Helionis is now piloting its technology with major Indian LED manufacturers.

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CBDT’s Crypto Asset Reporting Guidance Raises Compliance Bar For Exchanges

Business

The Central Board of Direct Taxes has issued the Crypto-Asset Reporting Framework (CARF) guidance, requiring crypto service providers to report specified transactions via Form 167 starting in 2026. The framework focuses on increasing visibility into cross-border activities and verifying users' tax residency. While it aligns India with global transparency standards, the guidance does not introduce new taxes or determine the legality of virtual digital assets in India.

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Bombay Shaving Company posts 139% rise in revenue for FY26

Startups

Visage Lines Personal Care, parent of Bombay Shaving Company and Bombae, reported a 139% revenue increase to Rs 634.7 crore in FY26, achieving its first operating profit with an adjusted EBITDA of Rs 2.2 crore. The company credits this growth to product innovation and omnichannel expansion. Looking ahead, the firm aims for Rs 1,000 crore in revenue by FY27 while continuing to scale its personal care portfolio.

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Europe got its own TBPN-style live show, and everyone’s angling for a guest spot

Startups

The London-based European Technology Network (ETN), founded by Luke Knight and Ronan Chambers, is expanding its live-streamed coverage to five days a week starting June 27. After securing a $1.6 million seed round from investors including Axel Springer SE and Powerhouse Capital, the network aims to better document Europe's rapidly growing tech and AI ecosystem. ETN provides a platform for startups, venture capitalists, and industry leaders.

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Deepinder Goyal’s Temple’s Valuation Doubles To $375 Mn: Report

Business

"Deepinder Goyal’s wearable startup, Temple, has doubled its valuation to $375 million and launched its first ESOP liquidity program for select employees. The company, which develops a forehead-worn device for real-time metabolic monitoring, previously raised $54 million in seed funding. Amid growing investor interest in longevity technologies, Temple is reportedly seeing valuations up to $500 million as it prepares for its next funding round.".

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How 'Mushroom Man of Bihar' Sanjeev Kumar helped 50,000 farmers earn

Startups

Sanjeev Kumar, an electrical engineer known as the "Mushroom Man of Bihar," combined technology with farming to revolutionize mushroom cultivation in his village. He established the SABRI Spawn Lab, Bihar's largest seed production facility, and has trained over 50,000 farmers. By promoting a "waste to wealth" model using agricultural residue, Kumar aims to boost rural employment and nutrition through expanded production, processing, and organic manure.

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This startup helps brands get discovered across AI search platforms

Startups

Gurugram-based startup DareAISearch (DAIS) helps enterprise brands optimize their visibility and recommendations across AI search platforms. Founded by Siddhartha Vanvani, Siddhant Jain, and Nitisha Agarwal, the company provides a platform for AI search analytics, intelligence, and deployment. With over 25 clients, including ASICS, DAIS aims to lead the global AI search market by helping businesses transition from traditional search engine optimization to AI-driven discovery.

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Bombay Shaving Company Claims Adjusted EBITDA Profitability In FY26, Loss Narrows 97%

Business

Visage Lines, the parent company of Bombay Shaving Company, reported a consolidated net loss of ₹9 crore for FY26, a 97.4% decrease from the previous year. Operating revenue surged 139% to ₹634.7 crore, and the company achieved an adjusted EBITDA profit of ₹2.2 crore. Growth was driven by omnichannel expansion and a broader product portfolio. The startup now targets ₹1,000 crore in revenue for FY27.

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EV Manufacturer Omega Seiki Nets ₹50 Cr To Expand Capacity

Business

"EV manufacturer Omega Seiki Mobility (OSM) has raised ₹50 crore ($5.2 million) from the Saket Aggarwal Family Office, Securocorp Securities, and angel investors. The company plans to use the funds to expand manufacturing capacity, enhance research and development, and grow its nationwide service network. This investment comes amid rising demand from e-commerce and FMCG firms, supported by government subsidies under the PM E-DRIVE schemes.".

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Why a 'Clean' Property File Isn't Enough: How Cubictree's AI Protects Lenders from Hidden Fraud

Startups

Cubictree addresses critical gaps in India's property loan verification process by using AI to analyze unstructured data from regional newspapers. While traditional checks often miss fraudulent transactions, Cubictree’s "phygital" database of millions of notices and 26.5 million unique addresses provides a comprehensive risk view. Serving over 100 banks and NBFCs, the platform converts fragmented information into structured intelligence to prevent fraudulent disbursements and improve due diligence.

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Why sustainable growth is becoming fintech's strongest competitive advantage

Startups

"India's startup ecosystem, particularly fintech, is shifting its focus from rapid scale to sustainable, long-term growth. Investors now prioritize profitability and sound unit economics over high valuations, as evidenced by declining funding levels. Simultaneously, the RBI is emphasizing governance and consumer protection. To succeed, fintechs must move beyond promotional incentives, focusing instead on building customer trust and offering diversified, reliable financial services for long-term retention.".

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Inside Suminter's 20-year bet: 100,000 farmers, 3 continents, one platform

Startups

Founded in 2003 by Sameer Mehra, Suminter India Organics established a comprehensive farm-to-market platform to connect smallholder farmers with international organic buyers. By building critical certification and distribution infrastructure, the company now supports over 100,000 farmers across India, Africa, and the Philippines. Recently, Suminter secured Rs 25 crore in debt funding from BlackSoil Capital to optimize peak harvest procurement and strengthen its global supply chain.

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Infosys Cofounder Nandan Nilekani To Lead PM Modi’s Exam Reforms Task Force

Business

"Prime Minister Narendra Modi has established a high-powered task force led by Infosys co-founder Nandan Nilekani to implement technology-driven reforms in India's public examination system. Aimed at curbing paper leaks and enhancing transparency, the move follows widespread protests over NEET irregularities. Alongside the panel, the government is introducing fast-track courts and stricter penalties under the Public Examinations (Prevention of Unfair Means) Act to combat examination fraud.".

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