Brent crude pulled back from above $108 to settle near $107 on September 24, and slipped towards $105.5 on Friday, after reports that the US and Iran were weighing a phased agreement to restore tanker traffic through the Strait of Hormuz.
Oracle has sent a force majeure notice to the Blue Owl-backed developer of Project Jupiter, a 2.45-gigawatt Stargate data centre for OpenAI, seeking the right to delay payments if the site misses its 2028 start. Oracle shares fell about 4%.
US semiconductor company Mythic AI has launched a Bengaluru Centre of Excellence to build its analog compute-in-memory AI chips, targeting data centres, cars and robotics, and plans to quadruple its India workforce by early 2027.
Offgrid Energy Labs has signed an MoU with Keele University to deploy its non-flammable ZincGel long-duration storage system at the campus's wind-powered energy park — the UK's first zinc-based storage project using batteries made entirely in Britain.
Functional nutrition company iThrive has appointed Saloni Kulkarni, who joined in 2021 as a nutritionist and rose to head client services, to its board of directors — leaving the board represented entirely by women.
Green Hermitage, founded by climate professional Gayatri Varun with co-founder Anubhav Pratap Rai, makes handbags and accessories in India from apple, cactus, coconut and banana-based plant leathers, employing artisans who lost work during the pandemic.
Nuvah, founded in October 2025 by IIM Ahmedabad alumna Avni Jain, has raised ₹4 crore in a pre-seed round from Amit Jain, Shantanu Deshpande and Ishendra Agarwal to scale its SteadyForm comfort technology for heels.
Bengaluru-based ONYA, co-founded by Himani Yadav and Gaurav Choudhary, has raised ₹12.5 crore in a pre-Series A round led by Divisa Family Office after opening eight stores in 20 months and reaching ₹3.5 crore in monthly recurring revenue.
Nykaa and BOLD, L'Oréal's corporate venture fund, will jointly take minority stakes in emerging Indian beauty and personal care brands, pairing capital with Nykaa's retail reach and L'Oréal's global expertise while founders keep control.
Pine Labs plans to roll out one million cloud-first soundboxes across India to deepen UPI adoption beyond small-ticket payments, as CEO B Amrish Rau says new monetisation levers justify reinvesting in the ecosystem.