Ola Electric Secures Centre’s ₹95.81 Cr Incentive Under PLI-Auto Scheme

Source: inc42

Ola Electric Secures Centre’s ₹95.81 Cr Incentive Under PLI-Auto Scheme

Business

Electric two-wheeler maker Ola Electric has secured a ₹95.81 Cr incentive under the government’s Production Linked Incentive (PLI) Scheme from.

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Hollywood celebs are getting into microdrama apps

Startups

Hollywood stars are increasingly entering the microdrama market, short mobile-first series with soap-opera plots. With U.S. revenue projected at $1.5 billion this year, talent like James Franco, Issa Rae, and Jesse Tyler Ferguson are starring in these productions. Taye Diggs has launched his own platform, while Kim Kardashian is investing. This shift reflects a broader trend toward short-form content and a need for cheaper production methods.

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The Theragun Sense makes everyday recovery surprisingly easy

Startups

The Therabody Theragun Sense (2nd Gen) is a $299 wellness-focused massage gun designed for everyday muscle tension and relaxation. It features an LCD screen with visually guided routines and integrates with the Therabody app, which includes an AI Coach for personalized recovery. Lightweight and quiet, the device offers five speed settings and two attachments, making it an accessible option for those seeking a guided, user-friendly recovery experience.

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Nvidia’s AI advantage is moving beyond the GPU

Startups

Nvidia is shifting its market narrative from GPU dominance to comprehensive system orchestration. While competitors like Amazon and Google develop rival chips, Nvidia is focusing on the hardware surrounding the GPU, such as the Vera Rubin architecture and Vera CPU. These tools optimize data movement and efficiency in megascale data centers, ensuring that system-level orchestration becomes the new competitive frontier where Nvidia maintains a commanding lead.

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New-Age Tech Stocks See Mixed Week; Ather Rallies 10%, Shiprocket Falls 9%

Business

New-age tech stocks experienced mixed results this week, with 36 declining and 26 gaining. Shiprocket was the biggest loser, falling 9.27%, while SME-listed Klassroom led gainers with a 25.2% surge. Ather Energy reached a 52-week high following additional investment from Hero MotoCorp. Despite broader market volatility and a slight dip in the Nifty 50, the combined market capitalization of covered tech companies remained stable at $166.91 billion.

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Temasek backs Singapore Airlines' investments in Air India

Startups

Temasek, Singapore's sovereign wealth fund, has expressed support for Singapore Airlines' investment in Air India, viewing India as a strategic second hub for long-term growth. Despite Air India's significant financial losses and a potential request for USD 1.5 billion in additional funding, Temasek acknowledges the complex, multi-year nature of the carrier's transformation. However, some Singaporean officials have raised concerns regarding the use of public funds.

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Infosys Public Services CEO Lax Gopisetty unreachable after devastating Nepal floods

Startups

Infosys has reported that Lax Gopisetty, chief of its subsidiary Infosys Public Services, is currently unreachable following devastating floods in Nepal. Gopisetty was visiting the region in a personal capacity. The company is collaborating with relevant agencies to establish contact and is providing support to his family. This situation occurs amid broader tragedy, with hundreds of Indian nationals missing or stranded due to flash floods.

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Meta’s $18 Bn Settlement: Why Should Teen Safety Stop At The US Border?

Business

Meta will pay approximately $18 billion to settle US lawsuits alleging Facebook and Instagram harmed teenagers. The agreement introduces strict safeguards for US users under 18, including daily usage limits, night-time restrictions, and enhanced parental controls. However, these protections are limited to participating US jurisdictions. This has prompted calls from Indian experts and regulators for similar global standards to ensure children in India receive comparable product safety.

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IIT Madras Global launches ‘Bharat Ascend’ to build next generation of innovators and entrepreneurs

Startups

"IIT Madras Global Research Foundation, in partnership with Ideabaaz, has launched ‘Bharat Ascend,’ a national mission to foster innovation and entrepreneurship. The initiative aims to identify 100 high-potential ideas from Tier II and III cities within a year, transforming them into scalable, market-ready products. Supporting the Viksit Bharat @2047 vision, the program seeks to democratize opportunities and establish India as a globally competitive product and startup nation.".

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Ather Launches Konarc Escooter At ₹99,999, Offers Up To 200 Km Range

Business

Ather Energy has launched the Konarc electric scooter, starting at ₹99,999, to target India's mass-market segment. The scooter offers four range options between 100 km and 200 km and features a 14-inch front wheel for stability. It introduces an Advanced Electronic Braking System for increased control and includes a 450 W onboard charger. This launch coincides with rival Ola Electric introducing its new S1Z scooter range.

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(Weekly funding roundup Aug 22-28) Marginal rise in VC inflow

Startups

"Indian venture capital funding rose slightly to $245 million across 27 deals in the final week of August, up from $187 million previously. Despite this increase, the overall market remains lukewarm, with no single deal exceeding $100 million. Notable investments were spread across diverse sectors, including Third Wave Coffee, Airbound, and MATTER Motor Works, reflecting a broad but modest distribution of capital across various startup segments.".

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Myntra Tech Threads 2026 brings brands together to discuss tech-led fashion, beauty and lifestyle commerce

Startups

Myntra hosted its flagship brand conclave, Tech Threads 2026, themed ‘Where Velocity Meets Voice,’ to explore technology's impact on lifestyle ecommerce. The event highlighted AI-led innovations, personalized shopping, and creator-led commerce. Key features showcased included Glamstream for inspiration and the AI-Powered Brand Stack for faster design cycles. Industry leaders and celebrities discussed India's strategic market importance, emphasizing how tech-driven tools enhance customer engagement and brand growth.

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Jio Platforms secures Sebi nod for India’s biggest $3.8B IPO

Startups

The company plans to issue up to 27 crore fresh equity shares, equivalent to about 2.9% of its post-issue equity base, according to its draft prospectus. The offering could value Jio Platforms at about $137 billion, people familiar with the matter said.

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From Third Wave Coffee To MATTER — Indian Startups Raised Over $210 Mn This Week

Business

Indian startups raised $210.3 million across 23 deals between August 24 and 28, a 9.8% decline from the previous week. Ecommerce and advanced hardware and technology led the funding, totaling $108.4 million, with Third Wave Coffee securing $43 million. Capital 2B and Equanimity Investments were the most active investors. Additionally, three M&A deals occurred, and several new funds were launched, including a ₹250 crore family office by Micromax.

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Can a cheek swab screen for 7,442 genetic disorders?

Startups

Amaravati will host India's first Quantum and AI University, while ecommerce platforms like Meesho and Flipkart saw significant Rakshabandhan growth. Ola Electric launched the S1Z scooter, and GTA 6's preview boosted Take-Two shares. In healthtech, SugarStrings introduced a comprehensive DNA screening test. Additionally, ten Indian leaders featured on TIME's 2026 AI list, the US contested a Mexico-EU trade deal, and Walmart settled an opioid-related lawsuit.

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Why logistics AI is becoming the bext big bet for investors

Startups

AI investment is shifting from high-margin software sectors to thin-margin physical industries like logistics. Because logistics operates on narrow margins, AI-driven efficiency gains disproportionately boost profits. By converting unstructured operational data into actionable decisions, AI replaces fragile manual processes. The competitive advantage lies in proprietary operational context rather than the AI model itself, enabling a shift toward outcome-based pricing in a ten-trillion-dollar global industry.

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66 artists, 10 venues: Contemporary Now art festival wraps up third edition in Chennai

Startups

The third edition of the "Contemporary Now" art festival recently concluded in Chennai, transforming the city into a dynamic hub for contemporary art. Spanning ten venues over twenty days, the event featured over fifteen activities, including exhibitions and panel discussions. By bringing together diverse artists and galleries from across India, the festival explored themes of ecology and identity while strengthening the city's cultural infrastructure and artistic ecosystem.

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How Minus Degre is turning plastic waste into eco-friendly materials

Startups

"Brothers Rahul Vashukhi and Vikash Kumar founded Minus Degre, a Ghaziabad-based climatetech startup that converts plastic waste into a versatile material called Eco-Panel. Used for furniture and interiors, the material has been adopted by clients like Adidas and the Uttar Pradesh government. Having recycled 300 tonnes of plastic, the bootstrapped company recently opened a new factory to scale production and target premium B2B and B2C markets.".

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Chinese automakers are following Tesla’s bet that robots are the next big profit machine

Startups

Humanoid robot development is accelerating as AI advances enable complex task learning. Chinese automakers are leading a surge in investment, with Xpeng’s robotics unit recently raising over $900 million. Other firms like BYD and Chery are also competing. Globally, companies including Tesla and Hyundai-owned Boston Dynamics are racing toward commercial deployment, with Hyundai planning factory integration by 2028 to optimize manufacturing and logistics through embodied AI.

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Is the best way to watch a movie on a pair of sunglasses?

Startups

XREAL's a01 smart glasses, priced at $300, function as a wearable 1080p OLED display for gaming and media. While offering vibrant visuals and a lightweight design, the device lacks an internal battery and requires a USB-C connection. Users face challenges with screen redundancy and overheating. Although the a01 provides an immersive experience, XREAL aims to resolve these limitations with the upcoming, more advanced Project Aura headset.

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