OpenAI has hired more than 40 people for its devices division in the past month, with many of them being former Apple employees, Bloomberg reported. The hires include key directors, managers and engineers. According to the report, OpenAI has poached Apple employees from multiple areas, including camera engineering, iPhone hardware, Mac hardware, silicon and smartwatches.

Prosus, which owns 25% of Swiggy, noted that the food delivery startup has recorded a 109% YoY rise in its losses in the April-September 2025 period, rising from $85 million to $178 million. This comes despite Swiggy's customer base rising 35% YoY and its gross order value rising 43% YoY. Swiggy Instamart saw 105% YoY rise in gross order value.

Union Commerce Minister Piyush Goyal’s visit to Israel gave Startup India a global push, with DPIIT-supported startups meeting key Israeli innovation leaders, including Economy Minister Nir Barkat. A visit to the Peres Center highlighted tech-driven social impact, while a closed-door roundtable created fresh opportunities for collaboration, market access and co-creating solutions for global use.

Kathmandu has introduced a new student-built startup called Go Daan, a digital fundraising platform designed to make helping others safer and easier. Created by student Abhushan Shrestha and supported by an incubation centre at a local college, the launch highlights a growing effort to turn young innovators’ ideas into real businesses that can serve communities in Nepal.

A high-level committee led by NITI Aayog member Rajiv Gauba has proposed removing existing restrictions on Chinese investments or adopting a calibrated easing of the curbs, Business Standard reported. It recommended that government reach a final decision by December 31. It proposed either withdrawing Press Note 3 or allowing investments where beneficial ownership is below a specified threshold.

Asseta AI, a New York–based accounting and data platform built specifically for family offices, has raised $4.2 million in seed funding to push what it calls “The Intelligent Family Office Suite” into its next phase of development. The round is co-led by fintech specialists Nyca Partners and Motive Partners, underscoring growing investor conviction that ultra-wealthy need better softwares.

Billionaire Lakshmi Mittal is reportedly leaving UK after nearly three decades as the government weighs tax changes targeting the super-rich. The abolition of "non-domiciled" tax status, which allowed wealthy residents to pay tax only on income earned within UK is possibly the reason Mittal is moving out of the nation. Inheritance tax is also a key factor behind the move.

Gold prices dipped for a third straight session on Monday as the dollar firmed near six-month highs and weighed on the yellow metal, while market participants await more clarity on the US interest rate trajectory. Spot gold was down 0.4% at $4,051.31 per ounce, as of 0353 GMT. US gold futures for December delivery edged 0.8% higher to $4,047.70 per ounce.

Jitendra Emmani, the Co-Founder of startup Cozy Farms, reacted to an X post about building startups for wealth vs passion, saying, “Stop listening to...gyan (unsolicited advice). Build for money.” Emmani shared that the cumulative 6-year revenue of his first company Picxy, which he started to solve a problem he “deeply cared about”, was less than Cozy Farms’ 1-year revenue.

Wealthy.in, a Bengaluru-based wealth-tech startup, has raised ₹130 crore in a Series B round led by Bertelsmann India Investments. The funding will accelerate its AI-powered platform for mutual fund distributors, expand advisor onboarding to 50,000, and target ₹1 lakh crore AUM. Wealthy plans deeper growth in Tier-2 and Tier-3 markets, building tech for independent wealth advisors.