Founder Stack

Andhra Pradesh’s founder-first growth strategy; Wi

Andhra Pradesh’s founder-first growth strategy; Wipro’s net profit remains flat

· Tech · YourStory

Chennai-based spacetech startup Agnikul is gearing up for its next big milestone. Ahead of Mission 02, the company hasappointedformer ISRO chairman Dr S Somanath as an observer on its board. The mission will attempt India’s first recovery of an orbital-class rocket booster and test an upper stage designed to stay operational in orbit instead of being discarded, a step that could make future launches far more efficient. Meanwhile,Tech Mahindrakicked off FY27 on a strong note. The IT services company reported a 28.4% year-on-year jump in June-quarter net profit to Rs 1,465 crore, while revenue rose 17.7% to Rs 15,712 crore. Its workforce shrank by 863 employees sequentially, with IT attrition at 11.8% over the last 12 months. Beyond earnings, AI continued to dominate global technology developments. Nvidia is doubling down on physical AI. During CEO Jensen Huang's visit to Japan, the chip giant unveiled Cosmos 3 Edge, anew AIworld model designed to help robots and vision AI agents understand and navigate real-world environments. As AI capabilities advance, regulators are stepping up oversight. Google is facing fresh pressure in Europe. EU regulators have clarified that, under the Digital Markets Act,Googlemust make parts of its services more accessible to rivals—including AI companies like OpenAI and competing search engines. The move is aimed at curbing Big Tech's dominance and creating a more level playing field in the digital ecosystem. In other news, Meta is adding new safety guardrails for teens using its AI chatbot. The company will now alert parents if ateenagerdiscusses suicide or self-harm with Meta AI and is also working on a feature to contact emergency services in high-risk cases. The move comes amid growing scrutiny over how AI chatbots handle users in crisis, especially teenagers. In today’s newsletter, we will talk about Here’s your trivia for today:Which famous guitarist is known for playing with his teeth? As AI and automation reshape traditional employment, states can no longer rely solely on attracting large industries to create jobs. Andhra Pradesh is betting that the future lies in building entrepreneurs instead of just employers, with a policy-led strategy to create a statewide startup ecosystem that can generate sustainable, long-term economic growth. Many parents compare baby diaper brands based on comfort, price, or absorbency, but few realise that several competing labels are manufactured by the same company. Swara Baby Products' IPO filing reveals its role as India's largest contract diaper manufacturer and its close ties to FirstCry. IT services company Wipro saw its net profit remaining flat for the first quarter of FY27 while the revenue grew by 10.5%. The net profit at end of the first quarter stood at Rs 3,352 crore as compared to Rs 3,330 crore in the similar period a year ago. The revenue for the quarter came in at Rs 24,479 crore as compared to Rs 22,135 crore registered a year ago. Which famous guitarist is known

Original source: YourStory
Read more on Founder Stack