It’s been a busy day in India’s business and startup ecosystem. From big-ticket funding rounds powering jewellery, EVs, and impact funds, to regulatory shake-ups forcing gaming giants to pause real-money operations, 22nd August 2025 has brought a mix of growth stories and major policy-driven shifts. Here’s a
Later this year, OpenAI, the parent company of ChatGPT, plans to create its first corporate office in India. The artificial intelligence company's official presence in a significant growing market will be established by the New Delhi office. In a statement released on 22 August, OpenAI announced that it
Shortly after the Indian government's online gaming bill was approved by both Houses of Parliament, India's leading real money gaming (RMG) companies, including Dream11 parent company Dream Sports, Gameskraft, Mobile Premier League (MPL), Zupee, and Nazara-backed PokerBaazi, started to stop holding money-related competitions and games on
In the most recent setback to Europe's attempts to gain market share in the electric vehicle industry, a union spokeswoman told AFP on 21 August that Porsche's battery manufacturing company would lay off the majority of its employees. According to IG Metall spokesman Kai Lamparter, the
Japan International Cooperation Agency (JICA) will invest $40 million in Aavishkaar Capital’s Global Supply Chain Support Fund. The move, announced at the TICAD 9 forum in Yokohama, aims to support small and medium enterprises in Asia and Africa.
After making headlines as SpaceX's youngest engineer, a 16-year-old youngster is now entering the banking industry. After joining SpaceX shortly after graduating with a degree in computer science and engineering at the age of 14, Kairan Quazi has chosen to accept a new position with Citadel Securities in
A study shows it only takes 5 days for a human to form a “therapeutic alliance” with a bot. But why? Learn more.
India’s pioneering craft beer brand takes home Silver and Bronze at the World Beer Awards 2025, cementing its place on the global stage.
On August 21, Wipro, the Bengaluru-based IT business said that it would pay up to $375 million to Harman International Industries for a 100% stake in Harman Connected Services Inc. (DTS) and its subsidiaries, as well as some other assets. Subject to US antitrust clearances and other regulatory approvals, the
A term insurance policy is a popular way to provide a financial safety net to your loved ones in case of any unfortunate incident. People purchase a term plan to secure their family so that they do not have to face financial troubles in case they pass away during the
India’s startup and business ecosystem saw major developments on 21 August 2025, with fresh funding rounds boosting growth-stage ventures, Parliament passing a landmark bill to regulate online gaming, bike-taxis making a comeback in Bengaluru, and more. Here’s your quick roundup of the top funding deals and key business
The tool welcomed 20,000+ paying users in 36 hours, but still received comments like "Dhruv Rathee is back to scamming people again." Learn more.
The Central Consumer Protection Authority (CCPA) has ordered Rapido (Roppen Transportation Services Pvt. Ltd.) to pay a penalty of INR 10 lakh for printing deceptive advertisements and engaging in unfair trade practices, in a move to defend consumer rights. Misleading ‘Auto in 5 Min’ Promotion Explained The Authority has additionally
Days after CEO Chuck Robbins publicly rejected the idea of laying off employees to make room for artificial intelligence, Cisco Systems announced a new wave of layoffs, removing 157 positions in California. The action has drawn legal attention, which has made the company's attempts to strike a balance
Mark Zuckerberg, with 50 top AI minds from Google, OpenAI, and more, has cut all AI hiring for now. The question of layoffs still looms... Learn more
According to an official announcement cited by news agency PTI, billionaire Elon Musk's satellite internet service business Starlink would use Aadhaar authentication to validate Indian consumers before onboarding them. Starlink has been given permission by the government to start providing satellite-based broadband services domestically. As per the release,
New link to cut travel by over 100 km, boost trade and connectivity across Bihar Prime Minister Narendra Modi will inaugurate the 8.15-km Aunta–Simaria highway project on NH-31 in Bihar on Friday, 22 August 2025. The project includes a 1.86-km six-lane bridge across the Ganga, built at
According to a New Indian Express story, the Union of IT & ITES Employees (UNITE) protested Tata Consultancy Services (TCS) on 19 August in a number of Indian cities, claiming that almost 30,000 workers may be impacted by current layoffs. TCS, however, has denied the allegation, stating that the
96% of large retailers in India have already developed AI capabilities and solutions, according to Honeywell’s Global Retailer Technology Survey Honeywell (Nasdaq: HON) released its Global Retailer Technology Survey, which found that India’s major retailers are fully invested in artificial intelligence (AI) and its potential to make operations
Bengaluru-based Edgehax has secured ₹1.39 crore in a seed round led by Inflection Point Ventures. The startup builds modular Edge AI hardware used in robotics, autonomous vehicles, defence, and IoT. Funds will boost production, product development, and global expansion.
FMCG startup Mitra has raised INR 14 crore in a bridge round led by Bestvantage Investments, with participation from existing backers. Funds will expand production, launch a 3000-ton flour plant, and support millet-based and health product lines.
India’s startup ecosystem continues to witness strong investor interest, with fresh seed rounds announced across FMCG and biotech. Alongside funding activity, the broader business landscape saw major developments from a mutual fund deepening its stake in Paytm, to fintech lender Kissht filing for an INR 1,000 crore IPO,
According to reports, the Karnataka legislative assembly passed a bill that will open the door for the establishment of a gig worker welfare fund. The Karnataka Platform-Based Gig Workers (Social Security and Welfare) Bill, 2025, seeks to create a welfare board and safeguard workers' rights, according to news agency
According to reports, Cupertino-based tech giant Apple intends to increase manufacturing of its iPhone 17 at all five of its Indian factories, including the two that were just added. According to a Bloomberg story, the business is expanding its iPhone production in India in an effort to reduce its reliance