Shares of Paytm fell nearly 8% on Tuesday despite the company reporting ₹930 crore net profit in July-September quarter. The company's net profit includes a one-time gain of ₹1,345 crore, which was due to the sale of movie and events ticketing business to Zomato. Paytm would've reported a net loss of ₹415 crore in the quarter, excluding the one-time gain.

Indian crypto exchange WazirX, which suffered a ₹1,965-crore hack in July, moved ₹619 crore ($73.63 million) in user cryptocurrency assets after the breach, rival CoinSwitch Co-founder Ashish Singhal alleged. WazirX transferred $72.13-million crypto to Bybit and $1.5-million to KuCoin. "Think of this...as just one piece of a complex puzzle that we are also trying to figure out," added Singhal.

Zerodha's billionaire Co-founder Nikhil Kamath listed the disadvantages of real estate investments after buying his first house. Comparing it with the stock market, he said he can buy and sell shares without paying 5-6% stamp duty. Kamath also expressed dissatisfaction over the illiquid nature of real estate, arbitrary pricing and said the return on buying property to rent is negligible.

Elon Musk-owned xAI is hiring AI Tutors who can speak in different languages, including Hindi, Chinese, Arabic and French, and is offering to pay between ₹3,000 and ₹5,400 per hour. The tutors will be responsible for delivering "top-tier curated data with an emphasis on nuances of English and additional language". This data will be used to improve generative AI models.

A woman claimed an Uber driver harassed her after her Mysuru-Bengaluru airport trip, aggressively demanding ₹2,500 over the trip cost of ₹2,407, and backed down after people began noticing him. She claimed the driver, Naveen, returned days later to her house and harassed her grandparents for extra money. She claimed Uber's grievance team gave missed calls after she raised issue.

A predatory pricing strategy refers to a pricing strategy in which goods or services are offered at a very low price point, with the intention of driving out competition. Predatory pricing is prohibited as it's considered an abuse of dominance. The All India Consumer Products Distributors Federation has urged CCI to probe Blinkit, Swiggy and Zepto for alleged predatory pricing.

Comedian Kunal Kamra reposted pictures and a video on X claiming to show bouncers deployed by Bhavish Aggarwal-led Ola Electric at its service centres. "You've sold such an innovative Indian product, you've had to hire bouncers to protect the staff," Kamra said. "Bouncers are at centre to reply to customer with weapons," the X user who first shared visuals said.

In 2018, Mumbai's Dheep Vora, a financial planner, left her high-paying corporate job to launch Hachi With Love, a healthy snacks brand. Starting with just three granola SKUs and one cake, Hachi now offers seven granola varieties and five healthy cakes. The brand generates ₹80 lakh annually, with plans to scale to ₹2 crore and expand internationally.

A man claimed Zomato's Hyperpure is selling "fake paneer made with vegetable oils" to restaurants, who are using it in their dishes without a disclaimer for customers. "They made you believe...you're eating healthy food by eating varieties of paneer dishes over junk food," he said. "Seriously disappointed that Zomato is complicit in allowing this so openly," an X user said.

The All India Consumer Products Distributors Federation has urged antitrust body CCI to probe Blinkit, Swiggy and Zepto for alleged predatory pricing, Reuters reported. The group of 400,000 retail distributors has accused the quick commerce apps of offering deep discounts and selling below cost to lure customers. These practices make it impossible for retailers to "compete or survive", they added.

A woman alleged that a Zomato delivery agent verbally abused her office staff for 10-minute delay in receiving an order. Claiming that he arrived before time, she said, "No one has the right to abuse anyone...Be it a delivery boy or...CEO." Several users argued the agent was made to wait for too long, which could've affected delivery of other orders.

Zepto, the $5-billion quick commerce company, was started with a WhatsApp group, Co-founder and CEO Aadit Palicha revealed. He said that they spoke to customers and made tweaks to the company's model for a year before building the first version of Zepto. After Zepto reached a "meaningful scale", Palicha and Co-founder Kaivalya Vohra decided to drop out of Stanford University.

PhonePe Co-founders Sameer Nigam and Rahul Chari together drew a salary of ₹5 crore in FY24, down from ₹7 crore in the previous fiscal. The salary is a small part of their compensation packages as the value of ESOP for FY24 was ₹226 crore. The value of ESOPs dropped 75% from ₹917 crore that the duo received in FY23.

Zomato Founder Deepinder Goyal has registered a new longevity venture named Continue that will focus on health tracking and mental wellness. "It is, as of now, my personal health and wellness team...which tracks and researches how to keep me running at my peak performance," he explained. Continue, started with an initial capital of ₹50 lakh, is entirely funded by Goyal.

At 18, Megna Jain turned her cupcake-making hobby into Dream A Dozen, launched in 2018. Starting with home-baked treats, the brand expanded to corporate gifting and workshops. Within six months, it moved to a commercial space, and by FY24, Dream A Dozen had crossed ₹1 crore in revenue, building a loyal customer base along the way.

PhonePe has reduced its customer support staff by 60%, from 1,100 agents to just over 400, over the past five years, according to its annual report. The fintech giant said the efficiency was achieved by increasing automated customer service issue resolutions, powered by AI-driven chatbots, to over 90%. PhonePe also stated it employs more than 1,500 of India's top engineers.

Snapdeal Co-founder Kunal Bahl questioned the usage of 'unicorn' term for startups and said, "[It] was coined in the context of the US - to reflect a mythical creature." Speaking at the NDTV World Summit 2024, he asked, "Why are we obsessed with a currency that is not ours?" He also stressed that India needs 10,000 indicorns, not 200-300 unicorns.

Speaking at NDTV World Summit 2024, Zepto CEO Aadit Palicha said that the team works 80 to 100 hours a week. "We could have probably worked half of that with a lot less stress and still be doing fairly well," the 22-year-old added. Palicha said the team is genuinely excited about what they are building and isn't motivated by money.

Shares of Ola Electric surged over 4% to ₹85.3 on Tuesday after it announced that it has resolved nearly 99.1% of the 10,644 complaints received from the Central Consumer Protection Authority (CCPA). The announcement comes just ahead of the CCPA's October 22 deadline. Ola Electric's stock price has fallen over 25% in one month owing to rising customer complaints.

Elon Musk-led SpaceX has won a $733 million contract from US Space Force for eight launches. Under the contract, SpaceX will launch national security missions for the Space Development Agency and the National Reconnaissance Office. The contract is part of a program by the US Space Force's Space Systems Command (SSC) which aims to foster competition among launch providers.

OpenAI's partnership with Microsoft is increasingly showing signs of strain, New York Times reported. The partnership, which OpenAI CEO Sam Altman once called "the best bromance in tech", began to show cracks after Altman's brief ouster by OpenAI's board, the report added. Microsoft has been increasingly hesitant in supplying OpenAI with the cash and computing power, the report further said.

Comedian Kunal Kamra said Ola Electric "hasn't disclosed any plan to issue refunds or put an end date to current customer complaints". "All I can do is let CEO Bhavish Aggarwal know that he has to put out a public plan which doesn't include employing me," he said. Bhavish earlier asked Kamra to help around at an Ola service centre.

Snapdeal Co-founder Kunal Bahl recalled that the late Ratan Tata promised to meet his team in 2014 but couldn't visit due to his schedule. "Around 2-3 years ago I met him at a wedding...and he said 'I still owe you that trip'," Kunal said. "That was the greatness of him...He remembered the 2014 promise he made in passing," he added.

Zomato has reported a 389% rise in its net profit for the quarter ending September 30. The food delivery company's net profit jumped from ₹36 crore in Q2FY24 to ₹176 crore in Q2FY25. Its revenue increased 69% to ₹4,799 crore from ₹2,848 crore in the year-ago period. However, the net profit was down 30.43% from ₹253 crore recorded in Q1FY25.

Zepto CEO Aadit Palicha, who is 22 years-old, said people who report to him are almost double his age. "It has taken time, but we have proven our ability to add value to the time," he said at the NDTV World Summit. "The team now has conviction that Aadit has some idea of what he is doing," he added.