Breaking startup & business news from India.
Gold and silver rates today in India, 8 September 2026. 24K gold trades at ₹153,570 per 10g and silver at ₹239,010 per kg, both edging higher even as Comex gold slips. Check city wise rates and MCX data below.
Here's your daily dose of Indian startup funding roundup and key business news for 8 September 2026. Circolife raises $4.5 million, Udaan acquires Swiggy-owned LYNK in a INR 500 crore deal, and Jio targets a 2027 satellite test launch.
Kuku Technologies will hire 1,000 personnel to build its AI-powered content creation unit by the end of the financial year. The startup plans to leverage its AI Storytelling Stack to speed up micro-drama creation, reduce expenses by 30-50% and ramp up output for Indian and global markets.
opinion
Indian children are diagnosed with autism at around 4.6 years on average. Parents usually notice something at 26 months, then spend two years and 3.5 clinicians getting an answer. The founders of DeepConnection argue for a developmental screening calendar alongside the vaccination one.
ARC has raised ₹10.5 crore in pre-seed funding led by Chimera VC and MIXI Global Investments to build ARC X1, a handheld games console with its own operating system. That is roughly $1.2 million to do hardware and software at once.
Reliance Jio is gearing up to enter India’s satellite internet business and intends to launch its first test satellite in September 2027. Jio has applied for slots from the International Telecommunication Union (ITU) for satellite launches and has received the green signal from IN-SPACe.
TCS has bagged a Rs 122.6 crore contract to construct an AI-enabled governance platform for the Odisha government, called OSWAS 3.0. TCS DigiBOLT will include workflow automation, analytics, security and digital services as part of the six-year project.
IRDAI has levied a penalty of Rs 1 crore on ICICI Lombard General Insurance Company for violation of outsourcing practices and corporate governance requirements. The penalty comes after an examination by IRDAI and show-cause notices in 2024.
ANI has approached the Delhi High Court challenging the judgement to refuse interim relief in its copyright suit against OpenAI for using news articles to train its AI model, ChatGPT. The appeal was scheduled before a Division Bench on Sep 8, 2026, but the hearing was adjourned to Sep 14.
Udaan has purchased Swiggy-owned LYNK in a share-swap deal worth INR 500 crore, bolstering its B2B retail distribution network in major Indian regions. An additional investment of INR 75 crore will provide Swiggy a 3.2% ownership in Udaan.
Samsung India has began dismissing employees in its television and home appliance divisions. About 80–100 executives have reportedly been asked to quit, due to rising memory chip prices, greater raw material costs, currency depreciation and decreasing customer demand.
🗞️ Funding Roundup
Welcome to StartupTalky’s 2026 Indian startup funding updates. This article provides a clear and easy overview of the latest startup funding news in India throughout the year. Our weekly funding tables, updated regularly, track how much funding each startup has raised, the sectors they operate in, the key investors
India's first kaftan-only brand grows from a single idea to 1000+ SKUs, four categories, a Hyderabad flagship and global fulfilment and now targets the 21–34 "homebody generation"
HerSpace, which builds and runs accommodation for factory workers, says it is in advanced talks for $40 million from Gray Matters Capital. That would take the investor's commitment to $50 million over 30 months, and the two share a founder.
Swiggy has introduced a 24x7 food safety helpline and an in-app “Food Safety” channel to enable customers report any concerns about their orders. Customers can raise complaints, attach photographs and monitor cases using ticket numbers.
Jaguar Land Rover (JLR) plans to shed up to 4,000 jobs over the next two years as part of a £1.7 billion ($2.3 billion) cost-cutting makeover. Tata Motors’ premium manufacturer is facing more competition from Chinese rivals, U.S. tariffs and a recent cyberattack.
Hyundai Motor India aims to raise its women workforce to 20 per cent by 2030, boosting its diversity, equity and inclusion policy. Women today make up more than 8% of the company’s senior workforce of more than 4,000, while roughly 45% of its 2026 Management and Engineer Trainees were women.
The FSSAI has suspended the licenses of Kailash Formulation and Sanecure Water Project based in West Bengal after inspections uncovered major food safety, hygiene and sanitation violations. Concerns raised over the Sanecure Water Project included bug infestations, poor sanitation and more.
Sugar Cosmetics raised fresh capital at a valuation roughly 80% below its 2022 peak. The founders reportedly paid some salaries personally. The cause: an offline retail expansion that outran the revenue to support it.
According to the TRAI data, BSNL attracted 68,560 net wireless subscribers in Haryana in July 2026, outpacing Reliance Jio and Bharti Airtel in the addition of mobile subscribers. The state-owned telecom operator contributed over half of the total net additions of subscribers in Haryana.
Modern Bazaar halves store network as quick-commerce platforms transform India’s retail space. With a revenue of roughly INR 250 crore, the Delhi-NCR-based luxury grocery chain has down-sized its branches to around 14 and is now concentrating on the smaller Express stores.
Adani Defence & Aerospace has entered into a five-year arrangement with Indo-Russian Rifles Pvt Ltd for the supply of Made-in-India 7.62x39mm ammunition for the AK-203 assault rifles. The arrangement intends to boost India’s domestic military industry ecosystem.
🗞️ Funding Roundup
Welcome to StartupTalky’s 2026 US funding updates. This article offers a clear and structured overview of the latest investment activity in the United States throughout the year. Our weekly funding tables, updated regularly, track how much funding companies have raised, the industries they operate in, key investors involved, and
Ola Electric is building its first dealer-led stores across seven states as it transitions away from its own stores to company-led outlets. The EV producer is planning to have 500 dealerships around the country in two quarters to boost local sales and service.
Here's your daily dose of Indian startup funding roundup and key business news for 4 September 2026. Ultrahuman raises $70 million, ESDS Software lists at a 76% premium, and RentoMojo sets its IPO price band.
Gold and silver rates today in India, 4 September 2026. 24K gold trades at ₹155,290 per 10g and silver at ₹240,510 per kg, both easing slightly as Comex dips from recent highs. Check city wise rates and MCX data below.
President William Ruto has directed Tata Chemicals to cease operations in Kenya, intensifying a row over its Magadi soda ash company in Kajiado County. The company had been functioning in the region for decades but had not generated enough local economic value, said Ruto.
Meta has released Muse Spark 1.3, an improved AI agent that emphasises improved coding, instruction-following and longer-running processes. The concept enhances multitasking, memory, tool use and decision-making, while decreasing superfluous interactions.
The Aditya Birla Group has forayed into the wires and cables business in India with an investment of INR 1,800 crore through its Ultravolt brand. The Gujarat-based facility will enable pan India distribution to over one lakh shops across 500 districts and 6,000 pin codes.
India’s top medicines regulator has cancelled three import registrations of Korean cosmetics importer Skintl Enterprises for labelling and warehousing irregularities. The company was found to be utilising wrong registration numbers, keeping products without necessary license etc.
Nvidia to buy AI platform Hugging Face for $12.9 billion as chip giant makes huge expansion into AI software and open source Tech. The deal will provide Hugging Face more resources, infrastructure and worldwide reach while keeping its open platform.
Volkswagen to cut 100,000 jobs by decade's end in global overhaul. The German carmaker has agreed to slash a further 50,000 jobs in addition to 50,000 already announced. Volkswagen is also considering the long-term viability of a number of German operations.
Here's your daily dose of Indian startup funding roundup and key business news for 3 September 2026. Cradlewise raises $12 million, Zerodha gets SEBI's nod for merchant banking, and Alpha Wave sells its INR 550 crore Pine Labs stake.
Gold and silver rates today in India, 3 September 2026. 24K gold trades at ₹154,780 per 10g and silver at ₹237,790 per kg, both rebounding sharply after three days of losses. Check city wise rates and MCX data below.
Tata Sons has cleared an investment of over Rs 10,000 crore in Air India, subject to significant criteria that call for thorough business justifications for future financial infusions. The cash comes as Air India is looking for fresh equity to fuel its turnaround.
Bengaluru-based British LifeSciences faces FSSAI action for sale of expired, mislabeled infant food goods The food safety regulator said it ordered the destruction of 3.7 metric tonnes of expired infant food and the seizure of wrongly labelled products during an examination.
Uber is exiting Nigeria and Uganda with immediate effect as part of a wider worldwide operational revamp led by CEO Dara Khosrowshahi. The ride-hailing company said it was reviewing operations and focused resources on areas with greater potential, such as driverless vehicles.
Adobe acquires Indian AI firm Rilo to bolster its agentic AI and marketing automation strategy Dhruv Jaglan and Georgi Boby, both alumni from IIT Bombay, founded Rilo in 2025. The company has built AI workflow automation solutions.
Uber is undergoing a massive restructuring under its CEO Dara Khosrowshahi, which would see the company cutting around 3,300 jobs globally, including in India. Uber’s layoffs will impact around 10% of the staff, and management roles will be slashed by about 20%.
OpenAI is getting ready to roll out its new Astra AI model with better cybersecurity defences following a recent attack that affected Hugging Face systems. “Astra meets the ‘Critical’ cybersecurity capability threshold of OpenAI,” it said.
The fintech giant is laying off 600 people in India, or about 10% of its local workforce, as it seeks to cut expenses and streamline its global operations. The job losses hit professionals in technology, engineering, operations, payments and finance.
Here's your daily dose of Indian startup funding roundup and key business news for 2 September 2026. DocPharma raises $2 million, JioHotstar launches international streaming in the UK, Canada and Singapore, and Byju Raveendran offers Aakash shares to settle Qatar Holding's $235 million claim.
Gold and silver rates today in India, 2 September 2026. 24K gold trades at ₹150,930 per 10g and silver at ₹232,780 per kg, both extending losses for a third straight day. Check city wise rates and MCX data below.
Here's your daily dose of Indian startup funding roundup and key business news for 1 September 2026. Yuma Energy raises $35 million, Unacademy closes its acquisition by upGrad at $200 million, and MS Dhoni joins SpeakX's cap table.
Two chipmakers strengthen their relationship in AI data center technology with Nvidia planning to invest $3.5 billion in MediaTek. Nvidia will purchase convertible bonds that can be converted into MediaTek shares and MediaTek will utilise Nvidia technology.
Gold and silver rates today in India, 1 September 2026. 24K gold trades at ₹152,790 per 10g and silver at ₹235,760 per kg, both falling sharply as Comex slides further. Check city wise rates and MCX data below.
upGrad has finalised its acquisition of Unacademy for slightly over $200 million, down significantly from Unacademy’s highest valuation of $3.44 billion during the edtech bubble of the epidemic era. The acquisition comes after the Competition Commission of India greenlit the deal.
ChatGPT, Reddit and Roblox have been classed as “Very Large Online Platforms” by the European Union under the DSA, which places harsher safety, transparency and accountability rules on them. The designation refers to platforms with more than 45 million monthly active users in the EU.
Xavier Institute of Management, Bhubaneswar (XIMB) commenced the 8th edition of the Business Excellence Summit (BES) 2026, themed “Building Resilient Businesses - Navigating Risk to Shape A Sustainable Future.” The two-day summit brings together industry leaders, faculty, students and alumni to explore resilience, risk, technology and sustainable growth. The summit
OpenAI, the AI company, has attained a $1 billion annualised revenue run rate in its advertising business, a big milestone as the firm gears up for a potential IPO, and under pressure to justify its $852 billion valuation. ChatGPT ads are currently available in more than 40 countries.
Funding will scale xStep’s non-invasive neurorehabilitation platform for people with cerebral palsy, stroke, spinal cord injury and multiple sclerosis across India and beyond.
Sony Music and Warner Music sued Anthropic in federal court in California, saying the AI startup exploited copyrighted songs, lyrics and sheet music to train its Claude AI models. The publishers say Claude can reproduce copyrighted songs verbatim.
Kepler Aerospace, a Bengaluru-based space infrastructure and mission operations company, has raised $8 million in a seed round led by Blue Ashva Capital and co-led by Finvolve and India Accelerator, with participation from other investors. The round marks the company’s first external funding since its founding in 2018 and
Commercial traction and strategic investor backing to accelerate manufacturing, R&D and the next generation of indigenous power electronics products.
The fast-fashion giant, Shein, started trading on Hong Kong’s stock market on September 1 after a long IPO process, with its valuation falling to $26.5 billion from almost $100 billion in 2022, a report said. The Shein Hong Kong IPO comes amid additional US and EU tariffs.
With AI accelerating software development and enabling leaner engineering teams, Oppex AI is tackling the bottleneck that follows: managing and resolving issues once software is live.
Mumbai police have busted an alleged multi-crore food fraud involving tampering of manufacturing and expiry dates on packaged items of names like Lay’s, Kurkure, Maggi, Knorr, Hellmann’s, Thums Up and Limca.
Oracle employees are apparently ready for another wave of layoffs, with September 1 – the beginning of Oracle’s fiscal second quarter – being a likely target date for cuts. Teams are more on edge after surprise “6 AM” termination emails in March.
One funding round closed on 31 August 2026, in the indoor air-quality space. Info Edge Ventures led the round. The raise is YOGa Clean Air's INR 20 crore Series A round, with Zomato/Eternal founder Deepinder Goyal among the investors. Away from funding, Groww AMC closed a INR
Gold and silver rates today in India, 31 August 2026. 24K gold trades at ₹155,430 per 10g and silver at ₹242,320 per kg, with gold extending its fall from record highs. Check city wise rates and MCX data below.
Zomato has taken a zero-tolerance approach on imitation paneer and substitute dairy products, eliminating reported listings from the platform and urging eateries to verify ingredient labels. The action comes in the wake of increased scrutiny of fake paneer in India.
Truemeds is in talks to acquire DealShare for about $90 million in an all-stock deal, 95% below DealShare's 2022 unicorn peak. The real story is how much Truemeds' own valuation had to inflate to make it work.
CHINI KUM has closed its pre-seed at ₹1.64 crore, entirely from individual angels, for a zero-sugar prebiotic drink. It is competing in the category PepsiCo validated by paying $1.95 billion for Poppi.
Zomato has laid off up to 250 people in its current round of workforce reorganisation, including close to 240 employees impacted by the shutdown of its Hyderabad Customer Delight operations, reports said. The corporation is centralising remaining in-house support functions in Gurgaon.
Ola Electric has received INR 95.8 crore in PLI incentives from the Ministry of Heavy Industries under the Production Linked Incentive scheme for vehicles and auto components. The recent permission comes on top of INR 367 crore in FY25 and INR 73.74 crore in FY24.
YOGa Clean Air has raised ₹20 crore led by Info Edge Ventures, with Deepinder Goyal joining. It is the first institutional money the company has taken, and it comes straight after its first profitable year on ₹12.6 crore of revenue.
Cashfree Payments unveils Relay, an AI-powered agent that helps merchants streamline payment operations and recoup lost sales. Relay may make retries on unsuccessful payments, follow up on abandoned carts, track failed subscriptions, disputes and validate cash-on-delivery orders.
Meta’s new US teen safety standards have reignited India’s discussion about age verification, child protection and social media regulation. The settlement also requires stronger age detection technologies and sets default limits on screen usage.
Apple may raise India’s share of global iPhone manufacture to 30-35% from about 25% in the next five years, adding to the country’s importance in its global supply chain. Apple’s suppliers and contract manufacturers are likely to be backed up by government incentives and long-term tax benefits.
John Ternus takes over as Apple CEO on September 1, 2026. History says the CEO handoff itself barely moves the stock, what matters is the valuation and AI cycle he inherits.
Satvacart has shut down after twelve years, with 28 August its last day. It raised about $2.32 million across its life, roughly a thousandth of what Zepto has raised since 2021, and its founder says capital only ever came in small tranches.
Gold and silver rates in India for Saturday, 29 August 2026. City-wise 24K and 22K gold and silver 999 prices, weekly trends, MCX last-traded levels and the global cues behind the moves.
Industrial47 has closed ₹85 crore of a ₹150 crore debut fund to write pre-seed cheques into space, defence and fusion. The companies Rahul Seth backed personally before this have since raised about $189 million between them.
Most satellites do not die because they break. They die because the propellant runs out. The electronics still work, the solar panels still generate, the payload still functions, and the operator pushes the whole thing into a graveyard orbit because there is no way to put fuel back in. InspeCity
Edgeverse has raised ₹30 million, or ₹3 crore, from GVFL to put camera and radar based rider assistance on two-wheelers. Nearly half the people killed on Indian roads are on two-wheelers, and almost none of those vehicles carry the safety tech that has been standard in cars for years.
Six funding rounds closed on 27 August 2026, spanning space tech, spiritual wellness, logistics and electric vehicles. Speciale Invest, Ashish Kacholia, Singularity AMC and Artha Venture Fund were among the day's lead investors. The headline raise is InspeCity's INR 100 crore pre-Series A round to fund
ZiiP Foundation’s pioneering Women in Photography initiative follows its international debut in the UK and brings together diverse photographic voices from across India.
The company behind the LLM said an internal inquiry months before a hack on Hugging Face found hostile AI activity, with agents purportedly talking, creating notes and getting illegal internet access. The company said the agents took advantage of security gaps.
Nvidia is buying open-source AI platform Hugging Face for $12.9 billion, expanding its influence in the ecosystem of AI tools and models. Hugging Face allows developers to share, experiment and cooperate on AI models and tools.
Amazon to triple purchases of Nvidia GPUs amid AI demand surge Amazon has agreed to install a further 2m processors across its AWS data centers in 2027 and 2028, on top of tripling its orders for Nvidia GPUs. This is in addition to Amazon's earlier plan to deploy more than 1 million Nvidia GPUs.
Gold and silver rates today in India, 27 August 2026. 24K gold trades at ₹159,430 per 10g and silver at ₹240,910 per kg, holding roughly steady ahead of Rakhi shopping tomorrow. Check city wise rates and MCX data below.
Three biryani shops in Uttar Pradesh are running at an annual rate of about ₹25 crore between them. That implies roughly ₹8.3 crore per outlet, or about ₹69 lakh a month each, and it is the number behind this raise. Biryani Bees has raised $1 million from the Vivek
Omega Seiki Mobility has raised ₹50 crore twice in six weeks. The second cheque landed on 20 August 2026, co-led by Abhishek Misra of SKG Asset Management and Unistone Capital, with the Sanjeev Agarwal and Brijesh Parekh family offices alongside. The first, in mid-July, came from Securocorp Securities, Sangeeta Pareekh,
Salesforce and Anthropic have announced the launch of Claudeforce, which will expand their cooperation to incorporate Salesforce CRM capabilities directly into the Claude AI. The interface allows users to view, edit and act on real-time CRM data without accessing Salesforce.
S4S Technologies was founded in 2008. It reached its Series B in July 2024. Sixteen years, building a food-processing business around women farmers, before a growth round arrived. That timeline is the entire argument behind TILT, the impact-first investment platform from The/Nudge Foundation, which on 27 August 2026 announced
Most third-party logistics contracts in India bill you for capacity. Trucks on the road, hubs on lease, people on shift, whether or not anything moved through them that day. OORJAA bills for units delivered instead, which means an empty truck is its problem rather than its client's. On
Meta has agreed to a historic $18 billion settlement with US states on charges that Facebook and Instagram fuelled underage social media addiction. The deal includes improved child-safety measures, such as default time limitations and the ability to turn off features like “like” counts.
AESL has bagged a INR 4,700 crore transmission project in Maharashtra to carry 4,500 MW of renewable power from Karnataka to key consumption centers. The Satara project would enhance grid connectivity, enable pumped storage projects and accelerate India’s sustainable energy transformation.
Spalba
As hotels, event venues and planners increasingly look for faster, more efficient ways to discover, evaluate and sell spaces, technology is beginning to reshape an industry long dependent on physical site visits and manual coordination. Spalba, founded by Naveen and his co-founder, has positioned itself at the centre of this
Bournvita producer Mondelez India, Amway and several other food companies have dropped or modified health and nutrition claims after action by India’s food safety regulator FSSAI. Mondelez pulled Bournvita claims and ads listed as misleading.
📊 IPO
Buried in Note 62 of Purple Style Labs' restated financials is a sentence most readers will skip past: as of March 31, 2026, the company's current liabilities exceeded its current assets by ₹255.12 crore. That is a working capital gap, and it sits right next to
Three funding rounds closed on 26 August 2026, spanning AI agents for small businesses, voice AI and pet care. Susquehanna Venture Capital, Nexus Venture Partners, Peak XV Partners and TDV Partners led the day's rounds. The headline raise is Runable's $21 million Series A round to
Gold and silver rates today in India, 26 August 2026. 24K gold trades at ₹162,500 per 10g and silver at ₹244,610 per kg, both easing further as Comex slips for a second day. Check city wise rates and MCX data below.
Google launches Gemini Enterprise for Legal, AI-powered automation tools, specialist plug-ins and AI agents for law firms and legal departments. It’s a platform built to make legal workflows — contract review and negotiation, data discovery and more.
Deloitte has agreed to pay $21.5 million to settle a US government probe into its diversity, equity and inclusion (DEI) practices. Deloitte took race and sex into account when making recruiting and promotion decisions and had internal targets for diversity, the US Department of Justice said.
📊 IPO
When Purple Style Labs pulled its shareholder register on August 21, 2026, the BENPOS date behind its IPO filing, the list ran to thirteen names holding more than 1% of the company, led by founder Abhishek Agarwal's 26.09% stake. What stands out isn't who made
Air India’s losses are mounting as the airline continues its recovery and is said to be seeking about $1.5 billion in fresh equity capital from owners Tata Sons and Singapore Airlines. Air India and Air India Express together had a loss of $2.33 billion for the fiscal year ended March.
FMCG
Mamaearth's parent walked away from buying 58% of Fluence Pharma over an unmet closing condition it hasn't named. The company's stock is near a 52-week high and its profit just nearly tripled, so this reads as discipline, not distress.
Honasa Consumer has called off its proposed acquisition of 58% share in nutraceuticals firm Fluence Pharma for INR 135 crore as some critical closing criteria were not completed. Mamaearth’s parent firm is dedicated to growing its nutraceuticals business both organically and inorganically.
Purple Style Labs, the company behind luxury fashion platform Pernia's Pop-Up Shop, opens its INR 680 crore IPO on August 31. Here is the full snapshot, sourced from its Red Herring Prospectus.