From Ola Electric’s widening YoY losses amid a 50% revenue drop to SoftwareOne India and Microsoft launching SaMBIT to support SMB digital adoption, YourStory brings you today’s headlines with the latest developments across sectors.
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Missing growth capital, subpar demand: The free-rider problem clouding India’s climate-tech segment
In 2021, ’s CEO Larry Fink heralded the advent of a new category of unicorns. “It is my belief that the next 1,000 unicorns…won’t be a search engine, won’t be a media company, they’ll be businesses developing green hydrogen, green agriculture, green steel and green cement,” he said at the Middle East Green Initiative Summit in Riyadh.
Today, financial institutions like BlackRock no longer look at climate risk as an environmental issue but as a material financial risk. The asset manager, along with Singapore investment firm Temasek, has backed thermal battery maker Antora Energy and ConnectDER which develops technology to streamline distributed energy resources, among other companies.
Then there are unicorns like US-based Commonwealth Fusion Systems—backed by Tiger Global, Temasek, and Bill Gates—working on fusion energy, and Arcadia, which has built a utility and data energy solutions platform. In India, climate tech startups with the potential to become unicorns are missing. Despite the initial excitement, innovation has been slow and funding abysmal, except for electric vehicle makers.
Reimagining pain relief: How Curapod is challenging the status status quo in musculoskeletal care
India’s healthcare system has made commendable progress in managing acute diseases. Yet, management of chronic musculoskeletal pain—impacting nearly 19.3% of the population—remains largely underserved. Most patients still rely on long-term painkillers, steroid injections, or expensive physiotherapy sessions.
These approaches, while prevalent, come with known risks: side effects, high recurring costs, and the potential for dependency. Challenging this status quo is Curapod, a non-invasive, wearable device developed by Litemed, leveraging photobiomodulation therapy to provide targeted relief.
The technology uses specific wavelengths of light to stimulate cellular repair and reduce inflammation, bringing a hospital-grade intervention into the user’s home, without a long-term, systemic impact
Latest news:
Ola Electric losses widen YoY as revenue falls 50%
Electric scooter maker ‘s loss has widened year-on-year for the quarter ended June 2025, as intensifying competition and a post-subsidy slowdown in the EV market halved the company’s revenue.
The company’s consolidated net loss widened to Rs 428 crore in the first quarter of FY26, compared with Rs 347 crore a year earlier. Revenue from operations fell 49.6% year-on-year from Rs 1,644 crore to Rs 828 crore, as deliveries dropped to 68,192 units, down from 1,25,198 units a year ago.
However, revenue rose sequentially from Rs 611 crore in the March quarter, suggesting a partial recovery in volume and/or price realisation. Meanwhile, the Bhavish Aggarwal-led firm managed to cut its losses sharply from the previous quarter, when it posted a loss of Rs 870 crore, reflecting improved cost control and early gains from its turnaround strategy.
SpaceX to invest $2B in Elon Musk’s xAI: Report
is set to invest $2 billion in Elon Musk’s AI venture xAI as part of a broader $5 billion equity financing round, strengthening the ties between the billionaire’s technology enterprises, reports The Wall Street Journal.
The fresh capital investment comes on the heels of xAI’s merger with X (formerly Twitter) placing the combined company’s valuation at $113 billion.The report added that the deal also positions xAI’s Grok chatbot to enhance Starlink support and earmarks it for future deployment in Tesla’s Optimus robots.
Responding to speculations on whether Tesla could join the $5 billion equity round for his AI startup xAI, Elon Musk responded via X, “It would be great, but subject to board and shareholder approval.” Despite recent criticism over Grok’s output, Musk has described the chatbot as “the smartest AI in the world,” with the AI firm continuing to invest heavily in model training and infrastructure.
Other news:
MediBuddy opens new office in Indore to strengthen regional operations
Digital healthcare platform has launched a new office in Indore as part of its strategy to expand beyond metro cities and tap into emerging talent across Tier II and Tier III regions. The office, located at Nextcoworks in Vijay Nagar, will support round-the-clock digital operations, customer service, and delivery functions.
The Indore facility is positioned to become a key regional hub, enabling MediBuddy to scale its presence in central India while creating employment opportunities in the area. The company is currently hiring for roles across operations, customer support, sales, IT, and allied functions to build a regionally focused team.
edForce Partners with Linux Foundation APAC to advance open-source talent development in India
Skilling platform edForce has announced a partnership with Linux Foundation APAC as an Authorized Training Partner to expand access to open-source training and certification in India. The collaboration aims to accelerate the development of talent in key areas such as Linux, Kubernetes, DevOps, and cloud-native technologies.
Under this partnership, edForce will deliver official Linux Foundation programs through its CloudLabs platform, offering enterprises hands-on, job-ready training aligned with the demands of modern IT infrastructure and digital transformation.
The Linux Foundation supports over 980 open-source projects and is backed by more than 830,000 developers globally. Linux powers more than 90% of public cloud infrastructure and is used on 100% of the world’s top 500 supercomputers. Kubernetes, another key focus area, is adopted by over 90% of organizations using containers.
In addition to certifications, the partnership includes webinars, custom workshops, and community engagement programs across industries such as IT, telecom, BFSI, healthcare, and manufacturing. The goal is to support enterprises in future-proofing their workforce with globally benchmarked open-source capabilities.
SoftwareOne India and Microsoft launch SaMBIT to support SMB digital adoption
SoftwareOne India, in collaboration with , has launched SaMBIT, an initiative aimed at helping India’s small and medium businesses (SMBs) improve productivity, enhance security, and adopt AI in a structured, scalable manner. Timed with Global SMB Day, the campaign introduces tailored Microsoft solution bundles catering to different stages of digital maturity.
The offerings range from entry-level packages for businesses beginning digital transformation to advanced bundles for companies scaling with AI. These include tools such as Microsoft 365, Copilot, Intune, and identity management solutions, along with deployment and productivity support.
The initiative also features a Copilot Readiness and Assessment Package, offering workshops on licensing, compliance, and security audits. In addition, Security Immersion Workshops simulate real-world cyber threats to help SMBs understand and manage digital risks.
Sennheiser Taps Convertway by Unicommerce to boost online sales and cart recovery
Audio brand Sennheiser, part of the Swiss-headquartered Sonova Consumer Hearing Business Group, has integrated Unicommerce’s Convertway platform to strengthen its digital sales and customer engagement in India.
The partnership will enable Sennheiser to streamline order communication and improve cart recovery through personalized WhatsApp and SMS campaigns. Customers can now place prepaid orders directly via WhatsApp, while automated updates on order confirmation, delivery, and payment status will be sent from the brand’s website.
The focus of the integration is addressing rising online shopping cart abandonment—now estimated at over 70% globally. Convertway’s real-time analytics and automated retargeting are aimed at guiding undecided shoppers back to checkout and reducing return-to-origin (RTO) rates.
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Ageas Federal Life Insurance launches sector leaders fund, a first among life insurers
Ageas Federal Life Insurance has announced the launch of its India Sector Leaders Fund, becoming the first life insurance company in India to offer such a sector-based equity fund. The fund, aimed at medium- to long-term investors, will be available at a flat Net Asset Value (NAV) of Rs 10 during a limited-period New Fund Offer (NFO) starting July 14.
The fund is designed to invest in leading stocks from the BSE India Sector Leaders Index across 22 sectors, based on the India Industry Classification Structure. It aims to provide broad market exposure while minimising concentration risk through a diversified portfolio.
With this product, Ageas Federal Life Insurance expands its suite of investment-linked offerings, catering to policyholders looking to participate in domestic equities through their insurance plans.
Founded in 2008, Ageas Federal Life Insurance is a joint venture between European insurer Ageas and India’s Federal Bank. As of March 31, 2025, the company manages assets worth over Rs 18,956 crore and has issued more than 19.71 lakh policies with a sum assured exceeding Rs 1.87 lakh crore.
Rosmerta Group wins Rs 166.69 cr BOOT Project to develop automated driving test tracks in Maharashtra
Rosmerta Group has secured a Rs 166.69 crore Build-Own-Operate-Transfer (BOOT) contract to establish 10 Automated Driving Testing Tracks (ADTTs) across Maharashtra. The five-year project aims to introduce AI-driven, contactless driving assessments and enhance road safety infrastructure in the state.
The upcoming tracks will be developed in Sindhudurg, Sangli, Akluj, Osmanabad, Jalna, Hingoli, Yavatmal, Wardha, Bhandara, and Gadchiroli. These facilities will feature fully automated testing systems equipped with real-time video analytics, face-recognition for applicant verification, and AI-based evaluation engines—designed to eliminate human bias and ensure objective assessment of driving skills.
Rosmerta’s patented ADTT system includes advanced features such as night driving simulations, slope tracking, reverse S and parking tests, along with customizable test parameters. The infrastructure supports live analytics and captures violations using feeds from multiple cameras.
The company currently operates 12 government-run ADTTs in Delhi and has conducted over 1.6 million automated driving tests to date. This Maharashtra project further strengthens Rosmerta’s role in modernizing India’s driver testing ecosystem.
Radisson Hotel Group strengthens hospitality workforce with Nationwide Skilling Programs
Radisson Hotel Group (RHG) is strengthening its workforce development efforts in India through various skilling and employment programs aimed at preparing youth for hospitality roles.
With 130 operational hotels and 77 more underway, RHG has partnered with the Tourism & Hospitality Skill Council (THSC) and The Job Plus to train over 300 youth in housekeeping, food and beverage service, and front office operations through a 300-hour program aligned with NSQF Level 4 certification.
A special focus is on Jammu & Kashmir, where 70 individuals—34% of them women—from districts like Kathua, Rajouri, and Doda are being trained. RHG is also part of the Youth Employment Program by the Sustainable Hospitality Alliance, with 85% of participants securing employment. Collaborations with the Institute of Hotel Management and partners like Heinz Pro and Job Plus support structured internships and a five-month program on soft and technical skills.
Internally, RHG promotes talent growth, with over 70% of its General Managers rising through the ranks, supported by its Radisson Academy Online platform, which has delivered 92,000+ training hours and 111,000+ certificates.
Medicaps University partners with Hettich and Intel to enhance industry-focused learning
Medicaps University has entered strategic partnerships with Hettich and Intel to enhance industry-aligned education through practical, hands-on learning.
In collaboration with Hettich, the university will establish a Center of Excellence focused on smart furniture technologies, automation, and advanced manufacturing, offering certifications, internships, and placement opportunities for Mechanical, Production, and Mechatronics Engineering students. Hettich India MD Andre Eckholt visited the campus for the MoU signing and interactions with students.
Meanwhile, Intel will set up an Intel Unnati Lab to support a specialized B.Tech program in Computer Science Engineering with a focus on AI and Data Analytics. The lab will provide access to high-performance computing tools, with Intel contributing to curriculum design and offering internship support. Together, these initiatives aim to bridge the academia-industry gap and equip students with future-ready skills.
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