Delhivery Q1 net profit down 65%; Helping older adults find purpose

Source: Your story

Delhivery Q1 net profit down 65%; Helping older adults find purpose

Startups

AI risks are rising, with reports of rogue agents and an increase in fake explicit images of children in the UK. Meanwhile, the Indian government is reviewing Meta's intermediary status. In business, Delhivery's Q1 profit fell 65% despite revenue growth. Other news includes lithium-ion battery safety concerns in aviation, the launch of WalkAbout for older adults, and India's E20 petrol testing confirming fuel quality standards.

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Turning battery waste into strategic resources: The next opportunity for Indian industry

Startups

India faces a growing challenge with electric vehicle battery waste, projected at 128 GWh by 2030. Recycling these batteries offers a $9 billion market opportunity to recover critical minerals like lithium and cobalt, reducing import reliance. While refining "black mass" is technically viable, economic hurdles for LFP batteries and informal sector waste persist. Strengthening EPR enforcement and traceability is essential for a sustainable, circular battery economy.

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Art festival at Karnataka Chitrakala Parishath celebrates creativity from across India

Startups

Karnataka Chitrakala Parishath is hosting the second edition of the Namma Art Bengaluru national festival. This collective exhibition showcases a diverse range of contemporary Indian artists, including Roopa Kangovi and Yuvraj Patil. By blending traditional and modern practices, the event fosters creative dialogue and cultural exchange. The exhibition highlights various styles, from realist portraiture to monochromatic charcoal paintings, appealing to collectors, students, and art enthusiasts alike.

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Data, AI, energy: test your business creativity with Edition 244 of our weekly quiz!

Startups

YourStory’s 244th Lateral Sparks quiz highlights five innovative startups solving real-world business challenges. DareAISearch optimizes brand visibility for AI platforms, while TrusTerra addresses EV battery valuation for reselling. Fixxly streamlines construction supply procurement, and Satlabs Space Systems reduces satellite data transmission delays via relay systems. Finally, VoltSeal provides battery storage solutions for energy flexibility, showcasing how entrepreneurs leverage technology to overcome industry-specific inefficiencies.

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Planned Amazon data center could become the biggest climate polluter in the U.S.

Startups

"Amazon is investing in an on-site natural gas power plant for a new data center in Pecos County, Texas. According to The New York Times, the facility could become the largest source of climate pollution in the U.S., emitting 33 million tons of carbon dioxide annually. This development follows a 16% rise in Amazon's carbon emissions last year, challenging the company's pledge to reach net-zero emissions by 2040.".

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OpenAI acquires presentation startup NextSlide

Startups

"OpenAI has acquired NextSlide, a presentation startup focused on transforming prompts, notes, and documents into polished, editable visual communications. The NextSlide team, led by founder Ahmed Beshry, is now working on ChatGPT to further the mission of making visual communication more accessible. While the financial terms remain undisclosed, Beshry noted the acquisition occurred earlier this year, marking another successful venture after his previous startup joined Instacart.".

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X replaces ‘misaligned’ revenue sharing program with Original Content Rewards

Startups

X is replacing its Revenue Sharing program with Original Content Rewards to better incentivize the creation of net new content. New participants are no longer accepted, and existing members will earn through September 7. The new system rewards original reporting, analysis, and media while excluding copied or minimally transformed posts. This shift follows previous attempts to reform payouts and reduce rewards for aggregators and clickbait accounts.

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The Kindle Scribe Colorsoft is a lot of fun, but it’s not a must-have

Startups

"The Kindle Scribe Colorsoft is a high-end e-reader and digital notebook starting at $630. Featuring an 11-inch color display and a magnetic pen, it is designed for students, researchers, and journalers who need space for annotating and organizing notes. While its size reduces portability and colors are muted, the device offers excellent battery life. However, its steep price makes it less ideal for casual readers.".

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IPO-Bound Cult.fit’s Rishabh Telang Denies Forgery Allegations By Deepak Poduval

Business

"Deepak Poduval, cofounder of Cult Fitness Pvt Ltd, has filed an FIR against cofounder Rishabh Telang, alleging forgery and cheating over a 2016 asset and IP transfer to Cultfit Healthcare. Telang denies the claims, asserting Poduval was involved and compensated. Cult.fit, which recently filed its DRHP for a planned ₹4,000 crore IPO, stated it is not an accused party and the transaction followed valid contractual arrangements.".

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Google’s top hacker hunter explains why hacking groups get codenames

Startups

Google has updated its naming system for hacking groups to improve clarity for security researchers. Moving away from Mandiant's APT numbering, the new scheme uses memorable names paired with country-specific identifiers for China, Iran, North Korea, and Russia. This standardization helps organizations track attacker behaviors and respond to threats more effectively, despite the ongoing challenge of inconsistent naming conventions across the broader cybersecurity industry.

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Delhivery reports 65% dip in profit while revenue up 28%

Startups

Delhivery reported a 28% revenue increase to Rs 2,931 crore for Q1 FY27, though net profit fell 65% to Rs 32 crore due to Ecomm acquisition integration costs. The company saw strong growth in express shipments and PTL freight, forecasting 18-22% volume growth for the year. Additionally, Vani Venkatesh was appointed Deputy CEO, while Chief Operating Officer Ajith Pai is stepping down from his role.

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Flipkart Minutes Enters Premium Grocery Segment With Pykd

Business

"Flipkart Minutes, the quick commerce arm of Walmart-owned Flipkart, is launching 'Pykd', a private label brand focusing on premium grocery and specialty food products. Starting with a pilot in Bengaluru, Pykd will offer items like gourmet coffee, cheese, and kombucha. This move targets affluent consumers and competes with rivals like Blinkit and Zepto. Flipkart is also expanding its micro-fulfilment network to 1,500 centres across 180 cities.".

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Government examines Meta’s recommendation system for intermediary status

Startups

"The Indian government is reviewing whether Meta qualifies as an intermediary under the IT Act, questioning if its recommendation systems and paid promotions make it a publisher. This status determines Meta's 'safe harbour' liability protections. Discussions also focused on deepfakes, child sexual abuse material, and the temporary removal of Prime Minister Modi's post. Meta apologized for these failures and committed to enhancing content moderation and legal compliance.".

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DPIIT inks pacts with five firms to support startups

Startups

The Department for Promotion of Industry and Internal Trade (DPIIT) has signed agreements with Cashfree Payments, Darwin Dynamics, Vultr India, Cars24, and the Council for Startup India to bolster the startup ecosystem. These partnerships provide eligible startups with scalable payment solutions, cloud computing resources, and capacity-building in strategic sectors like AI and clean energy. Additionally, the initiatives offer mentorship, investment access, and global market opportunities to foster innovation.

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Ather Jumps 17% To Lead Weekly Rally In New-Age Tech Stocks, MapmyIndia Biggest Loser

Business

New-age tech stocks saw a positive week, with 37 of 59 listed companies gaining. Ather Energy led the surge, rising 17.45% following strong Q1 FY27 results and its first EBITDA-positive quarter. Conversely, MapmyIndia fell 14.17% after muted earnings and a brokerage downgrade. The period also featured Klassroom's market debut and LEAP India's IPO, while sustained FII and DII buying bolstered the broader Indian equity markets.

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Delhivery Q1 Profit Sinks 65% YoY To ₹32 Cr Despite A 28% Uptick In Revenue

Business

Delhivery reported a 65% year-on-year slump in consolidated net profit for the June quarter of FY27, falling to ₹31.9 crore from ₹91.1 crore. Sequentially, profit dropped 56% to ₹31.9 crore. Despite this, operating revenue grew 28% year-on-year to ₹2,930.7 crore, though it dipped 3% sequentially. Total income reached ₹3,044.8 crore, while total expenditure rose 29% year-on-year to ₹3,011.6 crore during the quarter.

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Payments Council Rules Out Consumer MDR; PhonePe & Razorpay Back Free UPI

Business

The Payments Council of India (PCI) has clarified that UPI payments will remain free for consumers amid growing speculation over.

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Centre Seeks Technical Changes From Meta To Tackle Deepfakes, Child Abuse Material

Business

"The Indian government has entered technical discussions with Meta to address concerns regarding deepfakes, child sexual abuse material, and unlabelled AI-generated content. Officials are demanding stricter content moderation, enhanced human oversight in local languages, and better compliance with Indian laws. These talks follow a controversy involving a restricted video of Prime Minister Modi. Meta has proposed solutions, and the government will regularly review the company's progress.".

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Swiggy, Zomato, Zepto May Face EV Mandate, 2% Welfare Levy In Maharashtra

Business

Maharashtra plans to integrate food delivery, quick commerce, and ecommerce platforms into its proposed bike-taxi rules. The amendments would mandate EV usage, GPS tracking, and insurance, while introducing a 2% rider welfare levy to fund driver benefits. This move could increase compliance costs for companies like Swiggy and Zomato. The proposal, currently under review, reflects a broader trend of state-level regulations for gig workers across India.

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From River Mobility To BlissClub — Indian Startups Raised $274 Mn This Week

Business

Indian startup funding picked pace in the first week of August, with 22 startups cumulatively raising $274.4 Mn. This marks.

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