Prime Trouble: Amazon to Pay $2.5 Billion for Tricking Customers Over Prime Membership...
This is the largest civil penalty for an FTC rule violation ever, of over $2.5 billion. However, Amazon didn't admit to any wrongdoing. Learn more.
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Starbucks to Shut Hundreds of Stores and Cut 900 Jobs in Major Turnaround Strategy
Starbucks announced on 25 September that it is cutting off 900 non-retail workers and closing hundreds of outlets across the United States, Canada, and Europe in order to concentrate more of its resources on a turnaround. The massive coffee chain from Seattle said that store closures will begin right away.
Reliance Consumer Products Signs INR 40,000 Crore MoU to Build Food Parks
Reliance Consumer Products Ltd (RCPL) will invest INR 40,000 crore to build integrated food parks across India. The plan, signed at World Food India 2025, aims to create Asia’s largest food parks using AI, robotics, and sustainable solutions, boosting India’s food processing sector.
Meta Launches "Vibes" for Next-Level Fun Videos With AI
You can now make, remix and share fun-looking AI videos with Meta's Vibes feature. Here's a step-by-step guide to...
OpenAI Launches ChatGPT Pulse to Deliver Personalized Daily Updates
OpenAI has launched ChatGPT Pulse, a new feature that builds a daily morning report just for you. From travel tips to birthday reminders, Pulse works in the background, connects with Gmail and Calendar, and learns your habits, making ChatGPT feel like a proactive personal assistant.
Accenture Plans Major Restructuring: To Exit Businesses and Book Charges Amid Layoff Fears
As it prepares for significantly slower growth in fiscal 2026, Accenture is laying off employees, selling off assets, and restructuring some aspects of its company. This highlights the growing burden on the global IT industry despite ongoing investments in cloud and artificial intelligence. CEO Julie Sweet stated on the company&
RBI MPC Expected to Hold Rates Steady in October Policy Review
According to a report released on 25 September, the Reserve Bank of India's monetary policy committee (MPC) is expected to keep the repo rate at its current level in its October review, taking into account the favourable effects of the GST reforms on demand, the stronger-than-expected Q1 FY26
Curefoods Secures ₹160 Crore Pre-IPO Funding from Flipkart Co-Founder Binny Bansal’s 3State Ventures
Investment arm of Flipkart co-founder Binny Bansal, 3State Ventures, picks up 1.28 crore shares in Curefoods ahead of its IPO.
RBI Orders Simpl to Halt All Payment Operations Amid Regulatory Scrutiny
The RBI has ordered fintech startup Simpl to stop all payment operations for violating the PSS Act. This comes as the ED probes alleged FDI violations worth INR 913.75 crore. Already hit by layoffs and high cash burn, the BNPL firm working with 26,000+ merchants faces deepening troubles.
Daily Indian Funding Roundup & Key News - 25 September 2025: Handpickd Secures $15 Mn, Carpediem Exits Flipspaces; Ather Energy ESOPs & More
Catch up on India’s top business and startup developments for 25 September 2025. From Ather Energy’s INR 70 crore ESOP grant and PhysicsWallah’s INR 460 crore offline expansion to Flipspaces’ 9× exit and Virat Kohli-backed WROGN’s FY25 results, here’s your daily roundup of funding, exits,
Safety First, AI Next: Dubai Is Leading the Driverless Revolution, Says Sol Rashidi
Dubai might launch its commercial driverless taxi services by early 2026. The Dubai World Congress and Challenge for Self-Driving Transport...
Shares Fall 4% as JLR Cyberattack Threatens Tata Motors’ Stock
The cyberattack halted JLR production, resulting in weekly losses and an overall loss of £2 billion, which indirectly impacted Tata Motors' share price by...
Backed by 19 Unicorn Founders, Veteran VC Bipin Shah Launches ₹159 Cr Solo GP Fund, Zeropearl VC — India’s Leading Pre-Seed Solo GP Fund
Oversubscribed 3.5X, the fund signals confidence in India’s startup ecosystem at a time of global venture slowdown, with strong founder-LP backing, global institutional participation, and a fast, conviction-led investment model. Zeropearl VC, India’s leading solo GP-led pre-seed and seed venture fund, today announced the final close of
Carpediem Capital Exits Flipspaces with 9× Returns
Carpediem Capital has fully exited Flipspaces, delivering 9× returns and ~40% IRR, valuing the firm at about USD 120 million. The exit came via a secondary sale during Flipspaces’ USD 50 million Series C round.
74% of Retail Spends in Top Cities Are Digital, Signalling a Shift in How India Pays – NeoGrowth Study
* Hyderabad (82%), Bengaluru (79%), and Pune (79%) lead the top-city rankings, while Visakhapatnam (76%), Nagpur (71%), and Chandigarh (68%) dominate beyond metros. • Ahmedabad (60%), Kolkata (55%), Jamshedpur (54%), Madurai (52%), and Rajkot (48%) show comparatively lower levels of digital adoption, highlighting the diversity in payment behaviours across cities * Everyday categories
IPO-bound PhysicsWallah to invest ₹460.55 crore in offline and hybrid centres across India
Edtech unicorn PhysicsWallah (PW) is ramping up its offline presence in India and select overseas markets, as it prepares to hit the capital markets with a fresh equity issue of ₹3,100 crore and an offer for sale (OFS) of ₹720 crore. As of March 31, 2025, the company operated
Electric Vehicle manufacturer Zelio E-Mobility ₹78 Crore SME IPO opens on 30th September
IPO Subscription Opens on 30th September and Closes on 3rd October Zelio E-Mobility, a rapidly expanding electric two and three-wheeler manufacturer that has been doubling its growth year-over-year, today announced its ₹78 crore SME IPO - a move that signals not just expansion, but a bold declaration of intent in
Elon Musk Is Hiring for Macrohard: AI Ready to Compete With Microsoft
It's Macrohard vs. Microsoft now that Elon Musk has got serious about building powerful AI. He is building a new team...
Nothing Targets India’s Gen Z for Growth: Strategy and Expansion Plans
In an effort to establish the nation's first international phone brand, London-based smartphone manufacturer Nothing, which is well-known for its transparent device designs, is increasing investments in India and focusing on young people in the most populous country in the world. On September 25, the unicorn firm revealed
Mukesh Ambani’s Reliance Consumer to Invest INR 1,156 Crore in Tamil Nadu for New Manufacturing Plant
According to state minister TRB Rajaa, Reliance Consumer Products Limited will invest INR 1,156 crore to establish an integrated manufacturing facility in Tamil Nadu. The plant will be established in SIPCOT Allikulam Industrial Park in Thoothukudi, Tamil Nadu, the State Industries Minister wrote in a post on X. Over
High Court Dismisses X’s Petition: Backs Centre’s Authority to Regulate Online Content
Elon Musk's X Corp filed a case challenging the power of government officials to impose information blocking orders, but the Karnataka High Court dismissed it on 24 September. The court ruled that social media must be regulated, especially when it comes to offences against women, since failure to
WROGN Faces Another Tough Year as Revenue Falls and Losses Mount
Virat Kohli-backed fashion brand WROGN faced another tough year in FY25. Revenue fell to ₹232 crore, while rising expenses pushed net losses to ₹75 crore. The brand struggles to compete with newer, faster-growing fashion labels.
Reliance Jio Launches ₹77 Plan With Free SonyLIV Subscription
Reliance Jio has rolled out a ₹77 plan with 5-day validity, 3GB extra data, and a free 30-day SonyLIV subscription via JioTV. A smart budget pack that mixes connectivity with entertainment, it also pressures rivals in India’s ongoing telecom war.
Paytm Launches Festive Offer: Win Free Gold Coins on Digital Payments and UPI Transactions
A new gold coin incentives feature has been introduced by Paytm (One 97 Communications Limited) for all transactions conducted through its platform, including bill payments, recurring payments, online purchases, money transfers, recharges, and Scan & Pay. Credit card and RuPay credit card payments made through UPI receive double gold coins,