Ban-battered bike-taxi riders say struggling to make both ends meet

Karnataka's bike-taxi ban has severely impacted Bengaluru's gig workers, slashing incomes by half. Approximately 150,000 riders are affected, forcing many into already saturated delivery services. This shift has also reduced earnings for existing food and grocery delivery workers. While some find alternatives like DriveU, many struggle to cover expenses and support families, hoping for the ban's revocation with regulated rules.

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India GCC leasing now focusing on larger spaces as demand surges: Vestian report

Office space leasing by global capability centres in India surged 24% to 31.8 million sq ft in FY25, driven by IT, finance, and engineering services. Fortune 500 GCCs leased 13.5 million sq ft, a 25% increase, highlighting India's attractiveness. While the number of lease transactions decreased, larger office spaces became more prevalent, with large transactions rising significantly.

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Morocco bets on video game industry to provide jobs and diversify economy

Morocco is building a local gaming industry with a new developer hub, training programs, and a $26 million Rabat Gaming City. Hosting global developers at its gaming expo, the country aims to empower youth, attract investment, and double industry revenue by 2030 while combating high youth unemployment through tech-driven careers.

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Ambiq Micro files for US IPO as generative AI fuels chip demand

Strong investor demand for AI-focused tech stocks is helping revive the IPO market, as investors warm again to high-growth tech startups they had largely avoided for nearly three years. The Austin, Texas-based company disclosed a net loss of $39.7 million in 2024, narrowing from a loss of $50.3 million in the previous year.

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AI-backed brand analytics platform GobbleCube raises $3.5 million in round led by InfoEdge Ventures

Existing investor Kae Capital participated in the funding round. The fresh funds will be used to deepen its AI capabilities, expand platform coverage, and accelerate its global go-to-market efforts. Earlier in a seed round led by Kae Capital in 2024, the startup had raised $1.9 million.

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Bhim gets big boost as NPCI scales up incentives, offers

Bharat Interface for Money (BHIM), the govt's UPI-based payment app, has seen a resurgence, nearly doubling its monthly transactions to 70 million in June after a period of stagnation. This growth is attributed to a user-interface revamp, increased marketing spend by NPCI, and targeted incentives.

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India needs more telecom unicorns, says DoT secretary Neeraj Mittal

This follows the Union Cabinet clearing the Rs 1 lakh crore research, development, and innovation (RDI) scheme, which the government feels will give momentum to telecom startups in India.

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