Author: Arabian Media staff

Food delivery giant Swiggy and omnichannel retailer FirstCry emerged as the top Indian performers in SoftBank’s Vision Fund portfolio for the April–June quarter, contributing nearly $160 million in unrealised investment gains.Swiggy led the charge with a $139 million increase in fair value, as its stock climbed 21% during the quarter. FirstCry added another $20 million to SoftBank’s books, following a 5% rise in its share price, according to the investment banker’s latest earnings presentation. As of June, the Japanese investor’s stake in Swiggy is valued at about $800 million, while its holding in FirstCry stands at around $500 million. The…

In 2016, during the final days of Jeetendra Lalwani’s father, frequent emergency hospital visits became the norm. But arranging ambulances was a constant struggle. “If I sounded scared, the price would shoot up four to five times,” he recalls. “They’d say five minutes, but would always take over an hour.” On the day of his father’s heart attack and subsequent death, the ambulance never arrived—and the delays followed even during the funeral transfer.This experience was devastating for Lalwani. Nearly 80% of trauma patients in India don’t receive help within the critical first hour, according to a 2023 Nature Scientific Reports…

Reliance Retail, the consumer arm of Reliance Industries, has officially written down its Rs 1,645 crore investment in hyperlocal delivery startup Dunzo, according to the conglomerate’s annual report. This comes after Dunzo, once an early entrant in the hyperlocal delivery and logistics space, lost its edge in the cut throat quick commerce market. Dunzo shut operations earlier this year in January after its app and website went offline as the last of its remaining co-founder & CEO, Kabeer Biswas, left the company. Biswas went onto join Flipkart to lead the ecommerce major’s quick commerce operations, Flipkart Minutes.Reliance tossed its hat…

Not so long ago, logistics operations across India were manual, resource-intensive, and often prone to delays during high-demand periods. Limited shift coverage, basic sorting systems, and inventory mismatches made it difficult to meet rising expectations— especially during festive seasons. But that picture is changing. Across industries, logistics parks are being reimagined—not just as static storage spaces, but as intelligent, high-performance enablers of India’s manufacturing and consumption growth. Why automation moved from optional to essential Warehousing used to be low on the list when businesses thought about transformation. That’s no longer the case. Today, the pressure to deliver on time, with accuracy, and at scale is everywhere. Manufacturers…

Hello,BharatPe has reason to celebrate this fiscal year. The fintech firm reported its first annual profit in the year ended March 31. In FY25, it posted an adjusted profit before tax of Rs 6 crore compared with a loss of Rs 342 crore a year earlier.Meanwhile, MapmyIndia is betting on Zepto with an investment of Rs 25 crore. The infusion translates to a 0.049% stake in Zepto on a fully diluted basis, valuing the quick commerce firm at $6.1 billion, a step up from its previous valuation of $5 billion. While startups are rejoicing, tensions are mounting at the international level, with…

India is witnessing a convergence of ancient wisdom and cutting-edge technology through government-backed startups developing indic AI models. The Indian government’s focus on supporting startups in the indigenous AI space shows its resolve for reduced dependency on Western AI models to build homegrown solutions that understand Indian languages and cultural nuances. YourStory has tracked this shift from the beginning, with AI emerging as the defining force of a digital-first, innovation-driven future.TechSparks 2025, titled India 2030: Powered by AI, from November 6 to 8, will bring together ecosystem leaders to explore how indigenous AI models are reshaping not just India’s tech landscape, but…

After over a decade of providing 3-D printing and scanning services to the medical industry as Maverick Solutions since 2006, Maverick Simulation Solutions has since pivoted to creating and providing simulators for medical practitioners and trainees. The new medtech company, founded by Anuj Chahal in 2019, faced a few opinionated deterrents during the early stages of its metamorphosis. “When we first started, we used to often hear that there was no need for this (simulators) as there was no shortage of cadavers to practice on. But as Covid hit, the unavailability of cadavers became a reality, and the demand for simulators increased,”…

OpenAI unveiled GPT-5 on Thursday, which the company is calling its “smartest, fastest, [and] most useful model yet.” In a press release, the company said the new model puts “expert-level intelligence in everyone’s hands” and is a “significant leap in intelligence over all our previous models.”On Wednesday, OpenAI CEO Sam Altman called it a “major upgrade” and said that after the new model, using older versions felt “miserable.”Related: OpenAI CEO Sam Altman Says AI Agents Are Like a Team of ‘Junior Employees’ In addition to improvements in coding, math, health, and other areas, the new GPT-5 also lets users choose…

Hello,The Reserve Bank of India on Wednesday held the policy repo rate at 5.50%, maintaining its neutral stance after assessing the current macroeconomic situation.Meanwhile, the rift between India and the US deepened on Wednesday as the White House said that it is imposing an additional 25% tariff, bringing the total levies against India to 50%.The RBI is also formalising how banks and NBFCs collaborate on loan origination. The central bank has published the first standalone directions for co-lending. The guidelines take effect on 1 January 2026, though lenders may adopt them sooner.Elsewhere, ChatGPT maker OpenAI is in early-stage discussions about…

Siddharth Shah, Co-founder and chief executive of API Holdings, the parent company of digital pharmacy PharmEasy and diagnostics chain Thyrocare, is stepping down from his executive role, marking a significant shift in leadership at one of India’s most prominent health-tech platforms.Shah will assume the position of Vice Chairman and Director of API Holdings, effective August 27, 2025, the company said.The company has appointed Rahul Guha, currently the Managing Director and CEO of Thyrocare, as its new Chief Executive. Guha will continue to head Thyrocare in addition to taking on group-level responsibilities at API Holdings. The leadership transition is part of…