MakeMyTrip has confidentially filed the draft red herring prospectus (DRHP) for its India arm's IPO, worth over $1 billion (more than ₹9,600 crore). The offering is also expected to be largely an offer for sale, allowing existing shareholders to dilute their stakes. Kotak Mahindra Capital, Axis Capital, JP Morgan and Morgan Stanley have been appointed as advisors for the offering.

Body bags were placed outside OpenAI's headquarters in the US on Thursday to protest the Sam Altman-led company's involvement with the country's military. A banner bearing the names of children killed in a US strike on an Iranian school was also displayed alongside the bags. The incident comes amid a growing anti-AI movement in the country.

EPFO is working on a framework to let self-employed people, gig workers and those in the unorganised sector join the provident fund system, The Times of India reported. The proposed universal PF scheme would allow them to save for retirement while offering tax benefits. Annual contributions of up to ₹2.5 lakh, along with the interest earned, could be tax-free.

A hoax bomb threat scribbled on a handwritten note was found inside an Ahmedabad-bound IndiGo plane's lavatory in Bengaluru. About 25 minutes before the plane's departure, a crew member found the note tucked inside the forward lavatory, with the message saying, "Don't go. Bomb hai! Please." IndiGo then filed a police complaint, based on which an FIR was filed.

Foreign Institutional Investors have turned net buyers in July after a ₹2.6 lakh crore sell-off in 2026. Easing crude oil prices, a recovering rupee, steady GDP growth and sustained domestic institutional participation helped improve market sentiment, according to analysts. However, they warned that fresh inflows represent portfolio rebalancing rather than a wholesale return to Indian equities.

Ankit Gupta, Indian-origin general partner at Y Combinator, criticised US visa policy after China's Moonshot, founded by US PhD graduate Zhilin Yang, unveiled Kimi K3 AI model. "America's moronic visa policy" helped make Moonshot a Chinese startup, he said, adding US should "staple a green card" to AI PhDs. "It would be more logical to seize their passports," Gupta added.

Hemant Mohapatra, Partner at Lightspeed Venture, said he receives 300-400 cold startup pitches every month, adding 90% of those are AI-generated. "100% of those I can't even read beyond the first paragraph...Pretends to story-tell but falls flat," he described the pitches. He suggested founders to manually write pitches and send to dozens of investors as it might generate better response.

Chinese smartphone brands lost more ground in India during the June quarter as demand for budget phones weakened amid rising prices, according to Counterpoint Research. Overall smartphone shipments fell 10% year-on-year, marking the steepest June-quarter decline in six years. Brands including Xiaomi, Vivo, Oppo and Realme lost market share as consumers delayed purchases and sought cheaper options.

Indian benchmark indices Sensex and Nifty ended higher on Friday, defying weak global cues and fresh concerns over the Strait of Hormuz. The BSE Sensex surged 964.58 points or 1.25% to close at 78,151.45, while the Nifty 50 gained 261.55 points to settle at 24,334.30. The rally was driven by information technology and financial stocks.

Maruti Suzuki has responded to a Raipur consumer court's order, which directed it to replace a customer's car after its engine was damaged by E20 fuel. "There's evidence of contamination in the fuel collected from the customer's vehicle," Maruti said, noting that their car was already E20 compliant. It announced that it'll challenge the court's order.