Business

Labubu sales are slumping. Is the craze over?

Parent company Pop Mart's revenue has fallen as appetite for the quirky collectible monsters wanes.

Tarun Mottlia

Nov 7, 2026

6 min

Google acquires Wyoming data center site from AI infrastructure firm Crusoe

Google has acquired Crusoe's data center site in southeast Wyoming, the AI infrastructure developer said on Friday, a day after the Alphabet unit announced a $17-billion investment in the project.

Tarun Mottlia

Nov 7, 2026

1 min

PRISM reports 35% revenue growth to ₹2,814 crore in Q1 FY27

PRISM, OYO’s parent company, posted 35% revenue growth to ₹2,814 crore and a 17% rise in net profit to ₹353 crore in Q1 FY27.

Tarun Mottlia

Nov 7, 2026

AWS to businesses: Stop inventing AI metrics—measure what matters

AWS urges companies to track AI success using inventory, capital, and customer satisfaction—not new AI metrics.

Tarun Mottlia

Nov 7, 2026

Physicl raises $10 million to build realistic simulations for robot training

Physicl, a Paris-based startup, secures $10M in seed funding from Inovia Capital to create realistic 3D simulations for training robots and AI systems.

Tarun Mottlia

Nov 7, 2026

OPay cancels $304M New York IPO after Chinese regulator steps in

OPay pulled its $304M New York IPO hours after pricing, after a Chinese regulator questioned the listing.

Tarun Mottlia

Nov 7, 2026

'My mortgage has gone up already': How rising interest rates are hitting people's pockets

With UK interest rates set to rise, mortgages, credit cards and loans could get more expensive for millions.

Tarun Mottlia

Nov 7, 2026

TRAI proposes rulebook for satellite-to-phone service—with one big catch

TRAI’s new framework proposes letting smartphones connect to satellites via telecom operators.

Tarun Mottlia

Nov 7, 2026

Delhi High Court backs BharatPe parent in shareholder dispute with Unity Bank

Delhi High Court dismisses Unity Bank’s appeal, enforcing written consent requirements for reserved matters under BharatPe parent’s Shareholders’ Agreement.

Tarun Mottlia

Nov 7, 2026

Anthropic IPO valuation cut to $1T–$1.3T as tech sell-off spooks investors

Anthropic’s planned $100B IPO, targeting $1.5T, may list at $1T–$1.3T or delay as investors react to a $2.3T Nasdaq rout and geopolitical uncertainty.

Tarun Mottlia

Nov 7, 2026

Honasa Consumer posts 87% profit growth in Q2FY27, revenue up 36%

Honasa Consumer reported an 87% year-on-year increase in net profit to ₹73.2 crore for Q2FY27, with revenue rising 36% to ₹731 crore.

Tarun Mottlia

Nov 7, 2026

1 min

UK founders threaten mass exit over taxes before 2026 budget

A survey finds 23% of UK founders may relocate within a year due to tax concerns and poor government support, raising alarms before the 2026 budget.

Tarun Mottlia

Nov 7, 2026

Fox buys Roku for $22 billion, now third-largest U.S. TV company

Fox completed its $22 billion acquisition of Roku, giving it direct access to 100 million households and a stronger foothold in streaming and connected TV.

Tarun Mottlia

Nov 7, 2026

MakeMyTrip buys majority stake in Quick Ride, eyes urban mobility

MakeMyTrip acquires majority stake in Quick Ride, shifting its travel portfolio into daily ride-pooling. Quick Ride founders continue leading the business.

Tarun Mottlia

Nov 7, 2026

Bluesky’s biggest night of 2026: 44M likes and tripled traffic on Election Night

Bluesky logged 44 million likes and 4.8 million posts on Election Night 2026, nearly matching its all-time record as U.S. midterm results rolled in.

Tarun Mottlia

Nov 7, 2026

Five9 buys Level AI for $325M, shares fall 23%

Five9 acquires AI contact center startup Level AI for $325M in cash, despite beating Q3 earnings. Stock falls 23% as investors question the price and timeline.

Tarun Mottlia

Nov 7, 2026

Figma shares fall 7% after Q3 earnings beat as AI spending weighs on margins

Figma reported Q3 revenue of $391.4M (+43% YoY) and raised its 2026 outlook, but shares fell 7-8% after AI spending hurt near-term margins.

Tarun Mottlia

Nov 7, 2026

Go Digit’s September quarter profit drops 31% to ₹142 Cr

Go Digit’s September quarter profit fell 31.1% year-on-year to ₹142.4 Cr as claims and operating expenses rose, despite a 1.7% increase in insurance revenue.

Tarun Mottlia

Nov 7, 2026

Apollo-backed Brightspeed seeks up to $3B from creditors for fibre

The rural broadband provider has about $10B of debt and has warned it may not survive as a going concern.

Tarun Mottlia

Nov 6, 2026

AI Companies Really, Really Want to Buy Your Work Files and Emails

Data brokers are collecting all sorts of internal corporate files to help train AI models. Not everyone is thrilled.

Tarun Mottlia

Nov 6, 2026

7 min

Ramp data shows AI spending stalling just as Anthropic nears its IPO

AI usage keeps climbing, but spending has stalled. Price cuts and smarter cost controls among the biggest spenders could challenge investor assumptions about AI hypergrowth.

Tarun Mottlia

Nov 6, 2026

5 min

Tesla to wind down Cybertruck production in mid-2027 to build Cybercabs

Elon Musk made the announcement on X, after sales fell far below the 250,000 a year he once predicted.

Tarun Mottlia

Nov 6, 2026

Airbnb can invest in Brian Chesky’s AI lab, its quarterly filing shows

Airbnb’s technology chief holds a stake in Chesky’s AI lab, and independent directors approved the deal. It landed with Airbnb’s fastest revenue growth in three years and a 2027 date for its own AI agent.

Tarun Mottlia

Nov 6, 2026