Shares of rival food delivery apps Zomato and Swiggy fell nearly 10% on Tuesday after Zomato reported a 57% y-o-y fall in profit in Q3, resulting in brokerages downgrading Zomato's stock. Zomato's profit was severely impacted by lower consumer demand and higher investments in its quick commerce business, Blinkit. Market analysts expect a similar performance from Zomato's rival Swiggy.

VastraApp, an Ahmedabad-based B2B SaaS startup, is solving operational challenges in India’s garment industry. Founded by Vikash Rajpurohit, Harish Rajpurohit, and Keshav Dhamecha, VastraApp offers a mobile-first ERP solution for small-scale textile businesses. It provides features like production management, inventory tracking, invoicing, and AI-powered analytics.

US President-elect Donald Trump on Saturday said that he "most likely" would give TikTok 90 more days to work out a deal that would allow the platform to avoid a US ban. Trump said he hadn't decided yet but was considering giving TikTok a reprieve after his inauguration on Monday. The law banning TikTok will come into effect on Sunday.

US search engine startup Perplexity AI submitted a bid on Saturday to TikTok's Chinese parent ByteDance for the firm to merge with TikTok US, a source told Reuters. Perplexity AI, co-founded by IIT Madras alumnus Aravind Srinivas, would merge with TikTok US and create a new entity by combining the merged company with New Capital Partners, the source added.

OYO CEO Ritesh Agarwal along with other Indian business leaders recently met billionaire Elon Musk at SpaceX's Starbase facility in Texas. Sharing details about the meeting, Agarwal said, "We were served a veg-only dinner, one of the most incredible veg spread at SpaceX. As...vegetarian, loved up." He added, "Elon is by far doing the most to evolve humankind."

Paytm CEO Vijay Shekhar Sharma said on Sunday that iPhone had "killed" its camera in the 16 series, adding, "It is so bad that I am seriously thinking of [getting a Google Pixel] now." He also questioned if other people are facing the issue. Edelweiss Mutual Fund CEO Radhika Gupta responded, saying, "Pixel is fab! Migrated from iPhone to it."

OpenAI faced criticism for releasing a statement on whistleblower Suchir Balaji, calling him a "valued member of our team", nearly two months after his death. "We've reached out to...police and have offered our assistance...Out of respect, we won't be commenting further," OpenAI said. "No one believes any of this crap," an X user said. "Too little too late," said another.

Oyo CEO Ritesh Agarwal shared a picture of the SpaceX-branded chopsticks that Indian entrepreneurs received as a gift during a meeting with billionaire Elon Musk. The gift commemorated the successful return of the Super Heavy booster in SpaceX's 'Mechazilla' launch tower's mechanical arms, called "chopsticks". "We were served a veg only dinner," Ritesh said about the meeting.

Dharmil Sheth, Dhaval Shah, Harsh Parekh and Hardik Dedhia, co-founders of API Holdings, the company that runs PharmEasy, will quit the firm, Moneycontrol reported. Siddharth Shah, the last remaining Co-founder, will continue to be associated with the company as CEO, it added. Notably, the company breached covenants after taking on a $300-million (₹2,596 crore) loan from Goldman Sachs in 2023.

Founded in October 2022, Surat-based Vicharak is leading India’s hardware revolution. With a team of 55 engineers, the startup focuses on overcoming CPU limitations and introducing Reconfigurable Computing. In just three years, Vicharak has developed faster, more efficient computing systems, with a forward-thinking approach to electronics and computing.

Rohan Verma and Shubhangi Pandey, childhood friends from Lucknow, transformed their love for travel into JustWravel, a Noida-based social travel startup. Launched in 2016 with ₹6 lakh, it reported ₹12 crore in revenue in the last FY. It offers budget-friendly fixed-departure group trips to 50+ domestic and international destinations, creating a community-focused travel experience for the youth.

Zerodha founder Nikhil Kamath recently talked about the growing ₹3,000 crore Indian makhana industry, which could double to ₹6,000 crore in the next 2-3 years. Bihar produces over 90% of the world’s makhana. Kamath praised brands like Mr. Makhana, Farmley, and Shakti Sudha and said there’s potential to build a big Indian makhana brand for the global market.

Dream11 Co-founder Harsh Anand Jain has purchased a luxury apartment in Mumbai's Malabar Hills for ₹138.42 crore, according to documents accessed by IndexTap.com. The 9,546 sqft flat in Macrotech Developers' Lodha Malabar development offers six parking spaces and costs ₹1.45 lakh/sqft. The project offers amenities like indoor pool with views of Arabian Sea and an al-fresco dining area.

Zoho CEO Sridhar Vembu claimed that people who mock cow urine don't know about the growing scientific interest in faecal transplants and faecal pills from healthy individuals over "their role in restoring beneficial gut bacteria". "So 'cow urine and cow dung have beneficial properties' is not some superstitious quackery. Modern science is converging there," he added.

Crunch Fitness CEO Jim Rowley during an interview said that he thinks that work-life balance is for "somebody who's not fully committed". "It depends on what your 'why' is...Nobody ever had a perfect balance in pursuit of something great," he added. He further said when people are asked what they're willing to "sacrifice" for their wants "you hear crickets".

Flipkart Co-founder Sachin Bansal's fintech startup Navi Technologies was cheated of ₹14.26 crore. Scammers posing as customers misused a bug while making payments through the app and defrauded the startup between December 10 and 24. A vigilance officer at the startup has filed a complaint against the unidentified fraudsters with Bengaluru's Whitefield Cyber Crime Police.

BharatPe CEO Nalin Negi said that he wants the fintech startup to be known as a company that "offers careers to people, not jobs". He added that younger organisations foster career trajectory in a "very different way" because they have "different people". "Larger companies...have people and attract talent of a similar nature, (in a) cookie-cutter approach," he further said.

Zoho CEO Sridhar Vembu warned of risks of paragliding after revealing that his friend Cibi Anand's son, 27-year-old Jeyesh, died in a paragliding accident in Himachal Pradesh. "Much stronger regulatory oversight required here...Jeyesh was dashing young man...He had the world ahead of him," Vembu said. "Even at [Jeyesh's] age, I would do risk analysis and would've declined para-gliding," he added.

Xcort Company, with 28 years in the IT industry, has launched Xcare.in, an on-demand IT repair service app. Founded by Abhay Alex, Xcare focuses on helping people and businesses thrive. The app is backed by a team of over 200 certified experts with over 10 years of experience working with top brands like HP and Dell.

OpenAI CEO Sam Altman has denied rumours that the startup will launch artificial general intelligence (AGI) next month. "Twitter hype is out of control again. We're not gonna deploy AGI next month, nor have we built it," he said. AGI refers to potential future AI systems capable of matching or surpassing humans' cognitive abilities.

The Bureau of Indian Standards has issued draft guidelines for self-governance of e-commerce platforms. The 'E-commerce-Principles and Guidelines for Self Governance' covers the pre-transaction, contract formation and post-transaction stages of e-commerce operations. The draft mandates e-commerce firms to perform strict KYC of all sellers and timely notify customers of product delivery.

Groww's parent firm Billionbrains Garage Ventures has picked bankers including JPMorgan Chase and Kotak Mahindra Bank for an IPO this year, Bloomberg reported. The potential issue could raise $750 million or more at a valuation of $7-8 billion. Microsoft CEO Satya Nadella, Ribbit Capital and Tiger Global are among the backers of the startup.

Zomato's net profit declined 57% to ₹59 crore in the third quarter from ₹138 crore in the year-ago period. In the second quarter, net profit stood at ₹176 crore. The food delivery platform's revenue jumped 64% YoY to ₹5,405 crore in Q3. Shares of Zomato ended 3.1% lower on BSE and 7.2% lower on NSE.

Paytm-parent One97 Communications' loss narrowed to ₹208 crore in the third quarter from ₹220 crore in the same period a year ago. Its expenses dipped to ₹2,219 crore in Q3. Meanwhile, the company's revenue from operations fell 36% year-over-year to ₹1,828 crore in Q3 FY25 from ₹2,850 crore in Q3 FY24. However, revenue rose 10% sequentially.

Albinder Dhindsa, the CEO of Zomato-owned Blinkit, said India's quick commerce space has room for seven to eight players in the short term. More specialised and sector-focused players will likely emerge over time, he told CNBC-TV18 at WEF 2025. He further stated that Blinkit won't engage in price wars as they are unsustainable.