• Revenue down 15%
• Loss driven by Rs 575 Cr domicile shift Rs 771 Cr directors benefit cost

Dream Sports, the parent of Dream11, saw its operating scale decline 15% in FY25 and reported a net loss of Rs 479 crore for the year ended March 2025. This appears to be a rare loss for the Mumbai-based company, which was steered by a one-time tax cost of Rs 575 crore (tax) arising from the cross-border merger of Dream Sports INC and India’s Sporta Technologies, along with Rs 771 crore cost, which were booked against directors' benefits.

Source: Entrackr

Government to launch facility soon with aim to boost renewable energy

The govt is set to launch a facility that will allow consumers to directly buy and sell electricity among themselves, with the amount adjusted in their monthly power bills.

Peer-to-peer (P2P) energy trading under the India Energy Stack (IES) will enable electricity consumers and prosumers — consumers who also generate power through renewable sources such as rooftop solar — to trade surplus renewable energy directly with other consumers, including across state boundaries. The transactions will be facilitated through a trust-based digital framework to ensure a secure, verifiable and scalable P2P energy network.

While the buyer will need a smart electricity meter, the seller must have a rooftop solar plant and a net meter to trade surplus energy. The two parties will be able to negotiate prices through a mobile application and complete the transaction. Officials said consumers will continue to receive their regular electricity bills and P2P energy trades will be reflected as cumulative adjustments within the discom billing system for both buyers and sellers. They added that the system will help prosumers easily sell surplus electricity, while buyers will get power at rates cheaper than those charged by distribution companies.

Source: TOI

Deep tech startups in sectors such as space, semiconductors, and biotech take far longer to mature than conventional ventures. Because of that India is adjusting its startup rules, and mobilizing public capital, hoping to help more of them make it to commercial products.

This week, the Indian government updated its startup framework, doubling the period for which deep tech companies are treated as startups to 20 years and raising the revenue threshold for startup-specific tax, grant, and regulatory benefits to ₹3 billion (about $33.12 million), from ₹1 billion (around $11.04 million) previously. The change aims to align policy timelines with the long development cycles typical of science- and engineering-led businesses.

The change also forms part of New Delhi’s effort to build a long-horizon deep tech ecosystem by combining regulatory reform with public capital, including the ₹1 trillion (around $11 billion) Research, Development and Innovation Fund (RDI), announced last year. That fund is intended to expand patient financing for science-led and R&D-driven companies. Against that backdrop, U.S. and Indian venture firms later came together to launch the India Deep Tech Alliance, $1 billion-plus private investor coalition that includes Accel, Blume Ventures, Celesta Capital, Premji Invest, Ideaspring Capital, Qualcomm Ventures, and Kalaari Capital, with chipmaker Nvidia acting as an adviser.

For founders, these changes may fix what some see as an artificial pressure point. Under the previous framework, companies often risked losing startup status while still pre-commercial, creating a “false failure signal” that judged science-led ventures on policy timelines rather than technological progress, said Vishesh Rajaram, founding partner at Speciale Invest, an Indian deep tech venture capital firm.

More details on TechCrunch

Gurugram police have arrested Dhruv Dutt Sharma, director of 32nd Milestone. He is accused of defrauding around Rs 500 crore. Sharma allegedly sold a single building floor to more than 25 individuals.

Source: ETimes

• AI companies like OpenAI and Anthropic are hiring social media creators to post sponsored content on apps like Facebook, Instagram, YouTube and LinkedIn.
• Companies including Microsoft and Google have paid creators between $400,000 and $600,000 for long-term partnerships spanning several months, CNBC has learned.
• AI companies have increased advertising considerably, spending more than $1 billion on digital ads in the U.S. in 2025, according to Sensor Tower, up 126% from 2024.

Source: CNBC

During 9M FY26, Urban Company
service partners earned an average ₹28.3k per month (net, in hand). Earnings scale meaningfully with performance: the top 20% earned ₹42.4k, the top 10% ₹47.4k, and the top 5% ₹51.6k per month, after removing commissions, taxes, fees, travel, and product costs.

Beyond earnings, all active service partners are covered under group life and accident insurance, including life cover up to ₹10 lakh, disability cover up to ₹6 lakh, and accidental hospitalization and OPD coverage.

Source: Urban Company

Google’s parent company has leased one office tower and purchased options on two others in Alembic City, a development in the Whitefield tech corridor, totaling 2.4 million square feet, according to people familiar with the deal. The first tower is expected to open to employees in the coming months, while construction on the remaining two is set to conclude next year.

Source: Bloomberg

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Their losses over the years:

• 2019: $4.5 billion
• 2020: $6.6 billion
• 2021: $10.2 billion
• 2022: $13.7 billion
• 2023: $16.1 billion
• 2024: $17.7 billion
• 2025: $19.2 billion

$88 billion down the virtual drain

Source: Morning Brew

You can now also take full-length mock JEE Main tests in Gemini at no cost. Google is partnering with Physicswallah and careers360 for vetting the content.

Source: Gemini