Ola Electric's board has approved a ₹1,000 crore rights issue of partly paid-up shares, with founder Bhavish Aggarwal expected to take up his share, as the company funds its battery-cell ambitions against falling revenue and market share.
India's Supreme Court has declined to pause the Centre's 0.4% merchant discount rate on UPI payments above ₹2,000, but has asked the government to explain the legal basis for the levy. Mobile retailers plan a 'No UPI Day' on 2 October.
Flipkart's corporate venture arm has invested in experience-discovery platform Alive, which raised a $1 million seed round, and AI software-testing start-up Keploy, adding two very different applied-AI bets to its portfolio.
Jaipur-based Balwaan Krishi has raised ₹100 crore in a Series B round led by First Bridge India Growth Fund to scale low-cost farm equipment for small and marginal farmers and push into southern India.
Swiss voters rejected by 69% to 31% an initiative to enshrine 'eternal and armed' neutrality that would have barred Switzerland from military alliances and from imposing sanctions not approved by the UN. The result preserves the government's ability to align with EU measures on Russia.
As Climate Week NYC closed, NYSERDA chief Doreen M. Harris said New York has executed contracts for 1.7 GW of storage and renewables expected to create over 1,100 jobs and $3.7 billion in private investment, alongside $1 billion in energy rebates and new efficient-housing funds.
Isabel Schnabel's resignation has triggered a scramble for top European Central Bank posts. Klaas Knot and Pablo Hernández de Cos lead the field for president, but Franco-German politics, national balance and a commitment to gender representation will shape the outcome.
Armani CEO Giuseppe Marsocci says the 15% stake the founder's will requires the group to sell need not go to a single investor. LVMH, L'Oréal and EssilorLuxottica were named as preferred buyers, and talks with all three are expected in the coming weeks.
Waymo now runs about 4,000 robotaxis in 15 US cities and averages 500,000 paid rides a week. Registration data show about 80% of the fleet is in California and Texas, where it has grown 49% in three weeks, as autonomous vehicle companies choose very different routes to scale.
While OpenAI and Anthropic chase enterprise revenue ahead of IPOs, Meta has gone all-in on Muse, a consumer AI agent headed to phones, smart glasses and a Tamagotchi-style device. Early users like it, but handing Meta financial data is a leap of trust.