Unacademy CEO Gaurav Munjal on Saturday denied reports claiming that the edtech startup is in talks to be sold to Allen Career Institute. "We have many years of runway. We are building Unacademy for the long run," he said in a post on X. "We are not doing any sale or M&A. Ignore the rumours," he added.

OpenAI is in talks to remove a clause that blocks Microsoft from accessing the start-up's most advanced models when it achieves artificial general intelligence (AGI), as this would enable more investments from Microsoft, the Financial Times reported on Friday. OpenAI's board is discussing the options and a final decision has not been made, the report added.

MobiKwik CEO Preet Singh said when the fintech company had initially planned to raise funds through an IPO, the markets were different. This comes after MobiKwik cut IPO size from ₹1,900 crore to ₹700 crore in January, and later to ₹572 crore this month. "Today, the company has become profitable, and we don't need as much cash," Singh added.

Indian billionaires have the third highest total wealth of any country in 2024, behind the US and China, according to 'Billionaire Ambitions Report 2024' by UBS. The report stated that the number of billionaires in the country more than doubled to 185 over 10 years till April 2024, while the total wealth tripled to $905.6 billion.

UK-based Guardian Media Group has agreed to sell its 'The Observer', the world's oldest Sunday newspaper, to Tortoise Media. The startup said that it has raised £25 million (approximately ₹270 crore) to buy the newspaper, which was founded in 1791. Journalists from the Guardian and The Observer staged a 48-hour protest over the sale this week, Reuters reported.

Centre will purchase all farm produce at minimum support price (MSP), Union Agriculture Minister Shivraj Singh Chouhan said in Rajya Sabha on Friday. The announcement came on the day when farmers started a foot march to Delhi. After his remarks, Chairman Jagdeep Dhankhar asked him to place on record the documents to substantiate his claim, which Chouhan agreed to.

Parliament on Thursday passed the Bharatiya Vayuyan Vidheyak 2024, which replaces the Aircraft Act, 1934. This Act will strengthen our regulatory framework, promote ease of doing business, and enhance domestic manufacturing capabilities in aviation, Union Aviation Minister Ram Mohan Naidu said. The Bill was cleared in Lok Sabha on August 9 and passed by a voice vote in Rajya Sabha.

RBI Governor Shaktikanta Das on Friday said India has not taken any steps towards de-dollarisation. This comes after US President-elect Donald Trump threatened to impose 100% tariff on countries in BRICS group if they create a new currency or support another currency that would replace US dollar. BRICS consists of Brazil, Russia, India, China, South Africa and other nations.

Aakash Educational Services told NCLAT it amended Articles of Association (AOA) to raise funds by selling equity as it "didn't want to go down the path of [its parent firm BYJU'S]". NCLT had halted Aakash's amendment after a Blackstone affiliate said amendment would dilute its 6.8% shareholding. Aakash said Blackstone's rights weren't valid as Aakash's merger with BYJU'S never materialised.

India’s hallmarking initiative has achieved a significant milestone with over 40 crore pieces of jewellery hallmarked since its inception, as announced by Nidhi Khare, Secretary, Department of Consumer Affairs. Speaking at the Gems & Jewellery Conference, she highlighted hallmarking’s transformative impact on the jewellery industry by ensuring quality, transparency, and consumer trust.