Hello,
To cut or not to cut?
That’s the question the RBI is deliberating over in the Monetary Policy Committee meeting, which kicked off on Monday.
The central bank is expected to hold rates steady on August 6, but the odds of another cut are now higher after the recent US tariffs, which are pressuring growth even as inflation stays subdued.
The levies are already taking a toll on the rupee, which analysts are forecasting will remain one of Asia’s worst performers in the second half of the year, according to a Bloomberg report.
Meanwhile, changes are underway at SEBI too. The markets regulator has proposed relaxing the threshold for which companies need to seek shareholder approval for related-party transactions and their disclosure.
Additionally, it called for “structural reforms” to the country’s vast derivatives market to protect small investors, especially after it temporarily banned US trading firm Jane Street for alleged manipulation.
Elsewhere, the leadership drain at Peak XV Partners continues, with Chief Product Officer Anuj Sahai exiting the venture firm. He is the latest in a series of high-profile departures at the company since its Managing Partners Abheek Anand and Shailesh Lakhani left earlier in February.
In today’s newsletter, we will talk about
- Ather Energy’s Q1 report card
- Fixing life sciences’ workflow crisis
- Cancer care for kids
Here’s your trivia for today: What are the five “mother sauces” of French cuisine?
Electric vehicle
Ather Energy’s Q1 report card
EV-maker Ather Energy has reported a 78.8% rise in its revenue for the first quarter ended June 30, on the back of rising sales that have historically been led by demand for its family scooter, Rizta.
The Bengaluru-based company reported a revenue from operations of Rs 644.6 crore for the period compared to Rs 360.5 crore in the year-ago period. According to data from the Vahan vehicle registry, Ather sold 41,037 units during the quarter compared to 16,515 units in the same period last year.
Key takeaways:
- Rising sales have also helped the company ease pressure on its bottom-line numbers. The Tarun Mehta-led company reported narrower losses of Rs 178.2 crore in Q1 FY26 compared to Rs 182.9 crore in the previous year.
- According to Mehta, CEO and co-founder of Ather Energy, the company sees the impact of the ongoing rare earth magnet crisis restricted to the second quarter, leading to possible delays of up to one week in supplying vehicles to its dealers during this period.
- Ather is also planning to expand its presence in northern states like Rajasthan, Bihar, and Uttar Pradesh, as well as northeastern states, Mehta said during the company’s post-earnings call.
<Funding Alert>
Startup: Jeh Aerospace
Amount: $11M
Round: Series A
Startup: Mitigata
Amount: $5.9M
Round: Series A
Startup
Fixing life sciences’ workflow crisis
In 2024, Udith Vaidyanathan teamed up with his childhood friend from Chennai, Arun Ramakrishnan, and founded LogicFlo AI with an undisclosed amount.
The Boston-headquartered startup tackles systemic inefficiencies in life sciences organisations—pharmaceutical, biotech, and medtech companies—by automating and streamlining high-compliance, knowledge-heavy workflows. These include medical writing, regulatory submissions, quality documentation, and commercial operations.
Paperwork:
- The startup deploys specialised AI agents trained on company-specific Standard Operating Procedures (SOPs), templates, and compliance frameworks.
- LogicFlo AI’s agents operate under a human-in-the-loop framework, ensuring that while the AI manages drafting, data processing, and literature reviews, experts remain the final decision-makers.
- The startup competes with players such as Bluenote Health, Atrix AI, Argon AI, and Collate.
Social impact
Cancer care for kids
In India, an estimated 76,000 children develop cancer each year, according to a peer-reviewed analysis. Families are uprooted from small towns and villages to metro cities for treatment, and children spend months or even years away from school, home and play. CanKids KidsCan, a pan-India NGO working across 141 hospitals, has been addressing this rupture—not just medically, but emotionally, socially, and educationally as well.
News & updates
- Stock payout: Tesla approved an interim stock award worth about $30 billion for Chief Executive Officer Elon Musk, a massive payout meant to keep the billionaire’s attention on the automaker as a legal fight over a 2018 pay package drags on.
- Shelved: The European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald Trump, a Commission spokesperson said on Monday.
- Premium: Spotify said on Monday it would increase monthly price of its premium individual subscription in select markets from September, as the Swedish streaming giant looks to improve margins. The company’s shares jumped nearly 8%.
What are the five “mother sauces” of French cuisine?
Answer: Béchamel, Velouté, Hollandaise, Espagnole, and Sauce Tomate.
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