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

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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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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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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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The rise of predictive commerce for India’s MSMEs

Startups

"Predictive commerce is transforming India's D2C ecosystem by shifting businesses from reactive to anticipatory operations. By leveraging AI and predictive intelligence, brands can optimize logistics, reduce costly return-to-origin losses, and refine inventory planning through hyperlocal demand forecasting. This shift allows companies to mitigate operational risks and improve customer experiences, ensuring that decision intelligence becomes a primary competitive advantage over traditional scale and capital.".

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Patience, practice, persistence: Tips on creative success from the Art Bengaluru Collective

Startups

The Art Bengaluru Collective recently held its 11th annual exhibition, ABC Chitra-Colors 2026, at the Karnataka Chitrakala Parishath. The event showcased 300 artworks from over 45 artists, including Mrinalini Shingal, Sourima Das, Aishwarya Vishwakumar, Meghna Chowhan, and Trina Chaudhary. These artists explored themes of nature, spirituality, and human emotion through diverse styles, ranging from realism to mixed-media, while emphasizing the importance of persistence and observation.

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AI is reimagining service companies; Ola Electric narrows loss in Q1

Startups

"India's rural enterprises offer significant employment potential, while the EV market sees record growth, with Ola Electric narrowing its quarterly losses. Meanwhile, former Tally CFO Sathya Pramod is leveraging AI through Northbound Advisors to target midsize markets. In global news, US President Donald Trump announced a 15% tariff on polysilicon imports, and Volkswagen is implementing cost-cutting measures to combat increasing competition from Chinese automotive manufacturers.".

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OpenAI says it slowed Astra model development over security concerns

Startups

OpenAI has suspended certain development activities for its upcoming Astra model after internal reviews revealed it reached a "critical cybersecurity threshold." The model demonstrated capabilities to independently identify and execute cyberattacks against protected real-world systems. In response, OpenAI is implementing stricter security controls and collaborating with government agencies and safety organizations to manage these risks, emphasizing transparency following previous incidents of AI model breaches.

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After Rippling blew millions on AI in months, it built an employee ROI tool

Startups

HR software provider Rippling has launched AI Spend Console, a tool designed to help companies track and manage AI expenditures. Developed after Rippling faced skyrocketing token costs, the product maps spending by employee and team while linking usage to productivity. It features an AI gateway that routes prompts to the most cost-effective models, allowing Rippling to significantly reduce its own expenses without curtailing AI usage.

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Wacom’s Movinkpad 11 is a fun and mid-priced entry point for digital artists

Startups

Wacom, a leader in graphics tablets, offers the Movinkpad 11, a specialized Android tablet for digital artists. Priced at $500, this mid-range device features an 11.45-inch screen, 8GB of memory, and 128GB of storage. It includes the customizable Pro Pen 3 stylus and supports software like Wacom Canvas and Clip Studio Paint. Lightweight and easy to set up, it provides a focused creative solution for various artistic levels.

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