Swiggy has crossed a key ownership milestone. The company’s foreignshareholdinghas fallen below 50% for the first time as the company seeks to qualify as an Indian Owned and Controlled Company (IOCC). However, the company said the change does not alter its ownership, control, or day-to-day operations. In other news, the Competition Commission of India (CCI) has cleared upGrad’sacquisitionof a stake in Unacademy parent Sorting Hat Technologies, paving the way for the company’s merger with upGrad Education. The AI race, meanwhile, is becoming strategic. China’sDeepSeekis reportedly building its own inference chip designed to power AI responses, a move that could reduce its reliance on Nvidia and Huawei and strengthen China's homegrown AI ecosystem. At the same time, Beijing is said to be consideringrestrictingoverseas access to its most-advanced AI models. The global AI hardware race is also fuelling a massive hardware boom. Samsung Electronics expects a 19-fold jump inquarterlyprofits on soaring demand for AI memory chips, highlighting how the AI revolution is creating winners far beyond software. While China tightens control over AI, Australia is grappling with another tech challenge. A new study suggests the country’s world-first ban onsocial mediafor under-16s is struggling in practice, with major platforms failing to verify users’ ages during sign-up. In today’s newsletter, we will talk about Here’s your trivia for today:Which country has the highest share of electric cars? India’s labour force data reveal a telling gender divide: while men who stay out of the workforce are often investing in their future through education, women are more likely to step away to shoulder unpaid caregiving and household responsibilities. New NSO data show that despite rising female workforce participation in urban India, childcare and domestic work remain major barriers to women’s economic inclusion. After a decade of building one of India's largest fitness and wellness platforms, Cult.Fit is heading to the public markets. The company has filed its IPO papers, betting that strong growth and shrinking losses will convince investors it's on the path to profitability. Which country has the highest share of electric cars? We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail[email protected]. If you don’t already get this newsletter in your inbox,sign up here. For past editions of the YourStory Buzz, you can check ourDaily Capsule page here.
