Chennai-based meat delivery startup Fipola abruptly shut down after four years, announced by CEO Sushil Kanugolu in a surprise video call. Nineteen employees were left jobless without salaries or severance, sparking outrage and social media support. The sudden closure highlights the need for transparency and fair offboarding in India’s struggling startup landscape.

Zomato CEO Deepinder Goyal has registered a luxury apartment in DLF's The Camellias in Gurugram, which he had purchased for ₹52.3 crore, as per documents accessed by Zapkey. The conveyance deed for the property was carried out with Goyal paying ₹3.66 crore in stamp duty, as per the report. The over 10,813 square feet-apartment reportedly has five parking spots.

The ED raided four Probo Media premises in Haryana under the PMLA, linked to illegal online betting disguised as "opinion trading". They froze ₹284.5 crore in deposits, shares, and lockers. Investigators alleged that binary yes/no games misled users, lacked KYC and age checks, and accepted ₹134.84 crore from offshore entities.

Shaan Patel Asset Management has launched its first Category III Alternative Investment Fund with a ₹200 crore target. The open-ended fund takes a flexi-cap approach and will invest in 12–15 stocks using quant signals. It has already received ₹25 crore in commitments and will focus on risk-managed returns benchmarked against the NIFTY 500 index.

Bengaluru-based Clean Fanatics raised $2 million in seed funding led by Inflection Point Ventures. The startup offers premium home services and sees ₹2 crore monthly revenue from Bengaluru alone. Funds will boost hiring, tech, and new service areas. With 8-fold growth in 2 years and more than 22,000 glowing reviews, it aims to lead India’s $20 billion home services market.

Intel will be firing 529 employees in US' Oregon as part of a layoff plan which is expected to affect around 20% of its workforce, Bloomberg reported. In a statement, the chipmaker said that the job cuts will make Intel a "leaner, faster and more efficient" organisation. Earlier, Intel had reportedly fired 107 employees from its Santa Clara headquarters.

The 8th Pay Commission is expected to hike salaries and pensions by 30%-34% for 1.1 crore beneficiaries, a report by brokerage firm Ambit Capital predicted. The report also suggested that the fitment factor could be between 1.83 and 2.46. Notably, the 7th Pay Commission had a fitment factor of 2.57, which increased minimum basic pay to ₹18,000/month from ₹7,000.

OpenAI has completed its acquisition of io, a hardware start-up co-founded by Apple's ex-chief design officer Jony Ive, who worked on devices including Apple's iPhone, iPad, iPod and MacBook Air. "We're thrilled to share that the io Products, Inc. team has officially merged with OpenAI," the ChatGPT-maker said in a statement. The deal was valued at nearly $6.5 billion.

Global Health's Medanta stock surged on high volume, breaking past key resistance at ₹1,230. Analysts say a move above ₹1,300 could open the door to ₹1,375-1,380. Analysts advise buying on pullbacks to ₹1,230-1,200 with a stop-loss at ₹1,180. While long-term growth remains intact, traders are urged to wait for volume confirmation before fresh entries.

Tracxn Technologies jumped 9.4% to ₹63.53 after announcing a buyback of up to ₹11.43 lakh shares at ₹70 each, totalling nearly ₹8 crore. Approved by shareholders, the buyback will be conducted through the tender offer route. The record date to determine shareholder eligibility is July 18, 2025.