Oyo has its eyes set on the IPO prize, but there could be a roadblock—a Softbank-sized one. The third time has not been the charm for the startup, which is reportedly delaying its plans for an
October IPO after opposition from SoftBank over its weak earnings this year. Adding to Oyo’s woes is an increasingly diminishing appetite for risk, especially with US tariff policies bringing down investor sentiments across the board. In fact, Apple’s crunched the numbers on what a quarter’s worth of tariffs costs will look like for the company, and it’s nothing to sneeze at: CEO Tim Cook estimates it could add up to
$900 million in expenses on their books. The company has already begun the process to reduce its reliance on China and elevate India for iPhone production in a global supply chain shift, and it’s kicking off the first step by securing a plan to source over
19 billion chips from the US this year. There's some bad news abound on the entertainment front as well: we won’t see
GTA VI releasing this year either—something that’s cast a shadow on the gaming industry’s hopes of returning to growth after a protracted post-pandemic slump. Take-Two Interactive has delayed the release of the next edition of
Grand Theft Auto till
May 2026 , sending shares down 7% in early trading. Back to the waiting game it is. Here’s your trivia for today: What animal did the US Coast Guard train to assist in search and rescue missions on the sea?
Report
India has seen a seismic shift in terms of what people are using as their primary digital medium of engagement, according to a new consumer survey by venture capital firm Lumikai. The report, titled
“From Swipes to Stories: India’s Interactive Media Consumer unlocked” was released at WAVES 2025. The new survey, which saw participation from around 3,000 correspondents across Tier I, II, and III cities, also found that 66% of players now hail from non-metro cities—indicating a broader and more inclusive audience base. This reiterates the emergence of Tier II+ cities as an interactive entertainment powerhouse.
Top Funding Deals of the Week
Environment
Chennai’s iconic Marina Beach is emerging as a public space reimagined for inclusion, awareness, and community-led change. Just metres away from the shoreline on Chennai’s Marina Beach, a once-forgotten public library has been reimagined by the Environmentalist Foundation of India into a marine education hub. The Ocean Station invites people to explore the city’s deep, often overlooked relationship with its coastline.
The Ocean Station is a marine education hub created by the Environmentalist Foundation of India in the premises of a public library at Chennai's Marina Beach. News & updates
What animal did the US Coast Guard train to assist in search and rescue missions on the sea? Answer: Pigeons. In the late 1970s and early 80s, the Coast Guard trained them to search for people lost in the ocean. We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail
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