Categories
Technology

Windows 11 allows users exit OneDrive

Microsoft is finally giving Windows 11 users a clearer way to reject OneDrive backup, ending one of the operating system’s more persistent annoyances for people who prefer not to use the cloud service.

The company has introduced an “Opt out of backup” option in the Windows Backup experience. Instead of being asked to postpone the decision and face another reminder a few days later, users can now explicitly tell Windows that they do not want to back up their files using OneDrive.

The change is particularly significant because OneDrive has become deeply integrated into Windows 11. Microsoft encourages users to use the service to back up important folders, settings and other data, making cloud storage a prominent part of the Windows setup and backup experience.

For users who already rely on OneDrive, the integration can be convenient. Files can be synchronised across devices, while cloud backup can provide an additional layer of protection if a computer is lost, damaged or replaced.

But the experience has been less welcome for people who do not want to use Microsoft’s cloud storage.

Previously, Windows 11 could display a prominent backup prompt encouraging users to turn on OneDrive. The alternative offered to people who were not ready to make a decision was essentially to postpone it, with a “Remind me in 3 days” option. That meant choosing not to use the service did not necessarily end the conversation.

The new option changes that dynamic.

Users can now select “Opt out of backup” directly from the Windows Backup prompt. The addition gives people a much more straightforward choice between enabling OneDrive backup and declining it.

The change comes after years of criticism from Windows users who felt Microsoft was being too aggressive in promoting its cloud-storage service. The frustration was not necessarily about OneDrive itself. Instead, many users objected to being repeatedly encouraged to activate a service they had already decided not to use.

This type of interface design is sometimes described as a “dark pattern”, where software interfaces are designed in ways that encourage users towards a particular choice while making alternatives less obvious. The earlier Windows Backup experience became a frequent example cited by critics.

Microsoft’s latest change appears to acknowledge that users should have a direct way to decline the service.

Importantly, the update does not remove OneDrive from Windows 11. The service remains part of Microsoft’s broader ecosystem and continues to be promoted as a backup and cloud-storage solution.

Choosing to opt out simply means users are no longer being pushed towards activating the Windows Backup feature through the particular prompt.

There may still be occasional reminders or opportunities to reconsider the backup option. Microsoft continues to regard cloud backup as a useful feature, particularly for users who want an easy way to protect their files and Windows settings.

The new opt-out button therefore represents a change in how Microsoft presents the choice rather than a major change to OneDrive itself.

People who prefer local storage, the difference could nevertheless be meaningful. Many Windows users keep their documents, photographs and other personal files on local drives or use external storage and alternative backup solutions. Others may already have subscriptions with competing cloud-storage providers. For them, being able to decline OneDrive without repeatedly dealing with the same notification makes Windows 11 feel less intrusive.

The update is reportedly appearing on stable Windows 11 25H2 systems, although the rollout may not reach every PC at the same time. As with many Windows features, Microsoft can introduce interface changes gradually, meaning some users may continue to see the older backup prompt for a while.

The development also highlights the growing importance of user choice in operating-system design. Windows has increasingly connected local features with Microsoft’s online services, including OneDrive, Microsoft 365 and Microsoft account functionality.

That integration can make certain tasks easier, but it can also create friction for people who want a more traditional Windows experience without additional cloud services.

The new OneDrive opt-out option does not completely change that approach, but it gives users a clearer decision at one of the points where Microsoft asks them to connect their files to the cloud.

The change may appear relatively small for Microsoft. For Windows 11 users, it removes an unnecessary layer of frustration.

By replacing a temporary “remind me later” approach with a direct opt-out choice, Microsoft is giving users more control over their backup preferences while continuing to offer OneDrive to those who want it.

It may not be the biggest Windows 11 update, but for users who have spent years looking for a genuine “no” button, it is a welcome one.

 

Categories
Beyond

Zomato delists analogue dairy dishes from menu

Zomato has introduced a zero-tolerance policy against dishes made with analogue dairy products, immediately removing such items from its food-delivery platform and directing restaurant partners to take corrective action.

The move covers food prepared using analogue cheese, analogue paneer and other dairy substitutes that are designed to resemble traditional dairy products. Zomato said dishes that restaurant partners have declared as containing analogue dairy have already been delisted from the platform. Restaurants have also been asked to review their menus and ingredient declarations to ensure that customers are accurately informed about what they are ordering.

Under the new policy, restaurants using analogue dairy have been asked to replace these ingredients with natural dairy products. Where an immediate switch is not possible, the affected dishes must be removed from their online menus. Zomato has warned that restaurant partners that fail to comply with the policy could be removed from the platform.

The decision comes at a time when food safety and transparency around ingredients have come under greater scrutiny across the food-service industry. Several states have recently taken action against non-dairy products being sold or described as traditional dairy items, particularly analogue paneer and similar substitutes.

Analogue dairy products are designed to replicate the taste, appearance and texture of products such as cheese or paneer but can use ingredients other than traditional milk-based dairy. Depending on the product, manufacturers may use vegetable fats, starches, proteins and other ingredients to achieve a similar texture and appearance.

Such products can offer a lower-cost alternative to conventional dairy ingredients for restaurants. But the growing concern is whether customers are clearly told when a dish contains an analogue product rather than genuine dairy.

That distinction is particularly important for dishes sold under names that consumers commonly associate with dairy ingredients. A customer ordering a paneer dish, for instance, may reasonably expect the food to contain dairy paneer unless the menu clearly states otherwise.

Zomato’s new policy puts the responsibility on restaurants to check their ingredients and ensure that menu descriptions accurately reflect what is being served. The platform has asked restaurant partners to review supplier product labels and ingredient declarations as part of the compliance process.

The company said the action is part of its broader focus on food quality, healthier choices and greater transparency for customers, while also aligning with applicable food-safety requirements. The policy is intended to strengthen consumer confidence in the information available on the platform.

The move is significant because Zomato acts as an important link between restaurants and millions of consumers. While the food delivery platform does not prepare the food itself, its menus are often the first place customers see information about a restaurant’s dishes and ingredients. Ensuring that those descriptions are accurate can therefore play an important role in consumer choice.

The policy also puts greater pressure on restaurant operators to understand exactly what goes into the products they purchase from suppliers. Restaurants may need to check invoices, packaging labels and ingredient declarations before continuing to list dishes that use cheese, paneer or other dairy-based ingredients.

The issue has gained wider attention in recent days following regulatory action by state authorities. Punjab, for example, has imposed a one-year ban on the manufacture, storage, transportation, distribution and sale of analogue or non-dairy paneer when it is sold under the name paneer. Haryana has also announced restrictions on non-dairy paneer and margarine being sold as butter.

Maharashtra has similarly stepped up scrutiny of food businesses, with action against eateries over food-safety concerns. This broader regulatory focus has increased pressure on restaurants and food businesses to ensure that ingredients are correctly labelled and represented.

Zomato’s decision could make food ordering more transparent, particularly for people who specifically want traditional dairy products. Customers may increasingly see clearer ingredient information on restaurant menus as businesses adjust to the new requirements.

However, the change could also create challenges for restaurants that have been using analogue dairy products as a cost-saving measure. Switching to natural dairy could increase ingredient costs and force restaurants to reconsider menu prices, portion sizes or margins.

The immediate impact will vary across restaurants depending on their suppliers and the extent to which analogue dairy is used in their kitchens. Some businesses may be able to switch quickly, while others could temporarily remove certain dishes until they find suitable alternatives.

Zomato’s action also signals a wider shift in the online food-delivery sector towards greater accountability for restaurant listings. As consumers increasingly rely on digital platforms to decide what and where to eat, accurate descriptions and ingredient information are becoming an important part of the customer experience.

Enforcing the policy will now be the key challenge for Zomato. The company will need to rely on information provided by restaurant partners while ensuring that businesses comply with the new rules. Restaurants that knowingly continue listing non-compliant dishes risk losing access to the platform.

The ban does not mean that all processed or alternative food products are prohibited. The central issue is the use of analogue dairy in dishes listed on Zomato and whether those ingredients are appropriately represented. Restaurants have been told to use natural dairy products or remove affected dishes where they cannot make the switch immediately.

 

Categories
Corporate

Purple Style Labs IPO gets 12% subscription on day 1

The ₹680-crore initial public offering (IPO) of Purple Style Labs, the company behind luxury fashion platform Pernia’s Pop-Up Shop, received a cautious response from investors on its first day of bidding on Monday. The issue was subscribed 12% by the end of Day 1, with retail investors showing considerably more interest than institutional buyers.

The IPO opened on August 31 and will remain available for subscription until September 2. Purple Style Labs has fixed the price band at ₹546 to ₹575 per equity share. The issue is entirely a fresh share sale, meaning the company will receive the proceeds raised through the offering. At the upper end of the price band, the company is expected to command a post-issue market capitalisation of about ₹4,604 crore.

The retail portion emerged as the strongest part of the issue during the opening session, while demand from qualified institutional buyers remained subdued. The relatively weak overall subscription indicates that investors are taking a closer look at the company’s financial position and valuation before committing money.

Purple Style Labs had raised ₹306 crore from anchor investors before the IPO opened. Ten anchor investors were allotted 53.21 lakh shares at ₹575 apiece. The list included global financial institutions such as Morgan Stanley and Bank of America, giving the issue some institutional backing ahead of the public offering.

However, analysts have raised concerns over whether the company’s growth prospects adequately justify the IPO valuation. The biggest challenge is profitability. Purple Style Labs reported a net loss of ₹285.40 crore in FY2026, even as revenue remained in the ₹550-crore-plus range. Its net worth also turned negative at ₹52.28 crore, while borrowings rose sharply to ₹371.40 crore from ₹112.79 crore a year earlier.

These numbers have made the IPO a relatively high-risk proposition. Analysts have pointed to the company’s continuing losses, weak cash generation and debt burden as important factors investors should consider. The company is yet to demonstrate that its expansion can translate into sustainable profits and positive operating cash flow.

The valuation is another concern. At the upper price band of ₹575, investors are being asked to place a relatively high value on a company that is still loss-making. Analysts have therefore questioned whether the risk-reward equation is attractive enough at the IPO price.

Purple Style Labs operates in India’s premium and luxury fashion segment through Pernia’s Pop-Up Shop. Its platform brings together designers and luxury brands across categories including womenswear, menswear, jewellery, accessories and kidswear. The company has a particular focus on wedding and occasion-led fashion, a segment supported by India’s strong spending on premium celebrations.

As of March 31, 2026, the company had partnerships with 1,109 active designer brands. Its business combines an online marketplace with physical experience centres, allowing customers to browse luxury products digitally while also accessing stores for a more personalised shopping experience.

The company’s growth story is built around the expansion of India’s luxury consumption market. Rising disposable incomes, greater interest in designer fashion and the increasing popularity of premium wedding and occasion wear provide opportunities for Purple Style Labs. Its association with well-known designers and celebrity investors has also helped build brand visibility.

But analysts believe the company’s financial performance needs to catch up with its brand positioning. A luxury fashion business can generate strong sales without necessarily producing equally strong profits if costs related to stores, marketing, inventory and customer acquisition remain high.

The IPO proceeds are intended to support the company’s expansion and working requirements. A significant portion will be invested in its subsidiary PSL Retail, including payments related to lease liabilities for experience centres and back-end offices. Funds have also been earmarked for sales and marketing, which the company sees as important for strengthening its brand and expanding its customer base.

For retail investors, the minimum application is 26 shares. At the upper price band of ₹575, one lot requires an investment of ₹14,950. The shares are expected to be listed on both the BSE and NSE, with the tentative listing date set for September 7.

Another factor investors will watch is the company’s ability to convert its growing luxury fashion business into stronger cash flows. About 30% of its revenue comes from repeat customers, while overseas markets, including the US and UK, contribute a meaningful share. This provides diversification but also exposes the company to international market conditions and changes in trade policies.

The Purple Style Labs IPO therefore presents a clear contrast between an attractive business story and challenging financial numbers. The company has established itself in India’s luxury fashion market and has room to benefit from rising premium consumption. At the same time, heavy losses, increased borrowings, negative net worth and concerns over valuation make the issue less straightforward for investors.

With the IPO receiving 12% subscription on Day 1, attention will now shift to the remaining two days of bidding. A stronger response from institutional and non-institutional investors could improve sentiment, while continued muted demand would underline concerns around valuation and profitability.

 

Categories
Corporate

Seven blue-chip firms lose ₹1.13 lakh cr in value

Seven of India’s 10 most-valued listed companies saw their combined market capitalisation decline by around ₹1.13 lakh crore last week, as the broader equity market remained under pressure and investor sentiment turned cautious.

Bharti Airtel and Reliance Industries accounted for the biggest erosion in value, with both companies losing more than ₹40,000 crore each. The decline came as benchmark indices extended their losses for a third consecutive week amid concerns over global interest rates, geopolitical uncertainty and volatility linked to the new closing auction session.

The BSE Sensex fell 276.32 points, or 0.35 per cent, during the week, while the NSE Nifty declined 76.35 points, or 0.31 per cent. Although the market staged a strong recovery on Friday, driven by buying in IT stocks following positive global technology cues, the late-week gains were not enough to prevent both benchmarks from ending lower.

Bharti Airtel recorded the biggest decline in market valuation among the top 10 companies. Its market capitalisation fell by ₹40,500.85 crore to ₹11,74,462.30 crore.

Reliance Industries followed closely, losing ₹40,056.32 crore in market value. Its market capitalisation stood at ₹17,38,119.27 crore at the end of the week. Despite the erosion, Reliance retained its position as India’s most-valued company.

HDFC Bank was the third-largest loser among the top companies. Its market valuation declined by ₹11,558.35 crore to ₹11,09,600.70 crore. Bajaj Finance also witnessed significant erosion, with its market capitalisation falling by ₹10,086.05 crore to ₹6,70,535.57 crore.

Larsen & Toubro saw its market value decline by ₹6,473.45 crore to ₹5,55,987.49 crore. Life Insurance Corporation of India, or LIC, lost ₹3,162.50 crore, bringing its market capitalisation down to ₹5,32,817.81 crore.

Hindustan Unilever was the seventh company among the top 10 to see its valuation decline. Its market capitalisation fell by ₹1,550.73 crore to ₹4,72,361.83 crore.

The selling pressure was not, however, spread across all the leading companies. Three of the top 10 firms added to their market value during the week, led by Tata Consultancy Services.

TCS emerged as the biggest gainer, adding ₹16,643.20 crore to its market capitalisation. Its valuation rose to ₹8,48,079.71 crore. The IT major benefited from strong buying in technology stocks, which helped the broader market recover sharply towards the end of the week.

ICICI Bank was another major gainer. Its market valuation increased by ₹4,475.28 crore to ₹10,22,805.73 crore. State Bank of India also registered a gain, with its market capitalisation rising by ₹599.99 crore to ₹9,65,568.75 crore.

The contrasting performance of the top companies highlights the selective nature of the current market trend. While investors reduced exposure to several large companies across telecom, energy, banking, finance, infrastructure and consumer sectors, buying interest remained visible in IT and select banking stocks.

Market analysts attributed the cautious tone to a combination of global and domestic factors. Concerns about the direction of global interest rates have continued to influence equity markets, while geopolitical uncertainty has added another layer of risk for investors.

The introduction of a new closing auction session has also contributed to market volatility, according to Ajit Mishra, senior vice-president of research at Religare Broking. He said Indian equities were in a corrective phase as investors assessed these uncertainties.

The sharp recovery on Friday offered some relief. Strong buying in IT stocks, supported by positive global technology cues, helped the benchmarks recover during the final trading session. However, the gains could not erase the losses accumulated earlier in the week.

Despite the changes in individual market valuations, the order of India’s 10 most-valued companies remained unchanged. Reliance Industries continued to lead the list, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever.

The weekly decline in market capitalisation underscores the sensitivity of large-cap stocks to changes in investor sentiment. For companies with very high valuations, even relatively modest movements in share prices can translate into thousands of crores being added to or wiped off their market value.

Global interest-rate expectations, geopolitical developments and movements in overseas technology stocks are likely to remain important factors for Indian equities in the near term.

The ₹1.13 lakh crore decline across seven heavyweight companies therefore offers a snapshot of the market’s current cautious mood. At the same time, the gains recorded by TCS, ICICI Bank and SBI show that investors have not completely stepped away from equities, but are increasingly being selective about where they deploy capital.

 

Categories
Leaders

John Ternus takes Apple helm as AI challenges grow

John Ternus will take charge as Apple’s chief executive on September 1, marking the end of Tim Cook’s 15-year tenure and opening a new chapter for the technology giant.

Ternus, Apple’s senior vice-president of Hardware Engineering, will become the company’s eighth CEO. Cook will move to the role of executive chairman, allowing Apple to retain his experience while handing day-to-day leadership to a new generation.

The leadership transition comes at an important moment for Apple. The company remains one of the world’s most valuable businesses, with a huge global customer base and strong positions in smartphones, computers, wearables and digital services. But the technology industry is changing rapidly, with artificial intelligence emerging as a major force shaping the future of consumer technology.

Ternus will inherit a financially powerful company, but also one facing questions over its AI strategy, growth prospects, China business and global supply chain.

An Apple veteran takes charge

Ternus has spent nearly 25 years at Apple after joining the company in 2001. He became senior vice-president of Hardware Engineering in 2021 and has played an important role in the development of several of Apple’s major products.

His work has included the iPhone, iPad, Mac and Apple Watch, as well as other hardware. He has also been closely involved in Apple’s transition to its own chips, which has given the company greater control over the performance and design of its devices.

His appointment signals a preference for continuity. Instead of bringing in an outsider, Apple has chosen an executive who understands its products, engineering teams and culture from within.

That experience could be valuable as Apple attempts to connect artificial intelligence more closely with its hardware.

Ternus, however, will now have responsibilities far beyond product development. As CEO, he will have to oversee Apple’s global operations, manage relations with governments, respond to regulatory challenges and guide the company’s long-term business strategy.

AI becomes the biggest challenge

Artificial intelligence is likely to be the most closely watched area of Ternus’ leadership.

Apple has already introduced Apple Intelligence, bringing AI-powered features to the iPhone, iPad and Mac. However, the company has moved more cautiously than several technology rivals in the generative AI race.

Companies such as Google, Microsoft, Meta and OpenAI have invested heavily in AI systems, infrastructure and consumer products. Apple, meanwhile, has faced questions over delays in delivering more advanced AI capabilities for Siri.

For Ternus, strengthening Apple’s AI position will be a key priority.

The company does not necessarily need to compete by creating another standalone chatbot. Its biggest advantage is its ecosystem of devices and services. The challenge will be to make AI useful across that ecosystem, from smartphones and computers to wearables and other connected products.

Apple will also want to maintain its focus on privacy and ease of use. The company has long promoted privacy as an important part of its products, and its AI strategy will need to balance powerful new features with those commitments.

Ternus’ hardware background could prove useful. AI increasingly depends on specialised chips and efficient computing, areas where Apple has invested heavily in recent years.

China remains a difficult equation

China will present another major challenge for the new CEO.

The country remains important to Apple as both a manufacturing centre and a consumer market. Although Apple has expanded production in countries including India and Vietnam, China continues to play a significant role in its global supply chain.

Apple must also deal with rising geopolitical and trade tensions. US policies have encouraged companies to reduce dependence on Chinese manufacturing, while relations between Washington and Beijing remain uncertain.

The Chinese smartphone market has become increasingly competitive for Apple as domestic manufacturers have strengthened their products and gained consumer attention.

Ternus will therefore have to balance manufacturing diversification with the realities of running a complex global supply chain. Any major shift away from China will take time because Apple depends on an enormous network of suppliers and manufacturing partners.

Cook’s move to executive chairman could provide some continuity in this area. His experience in dealing with governments, suppliers and international business partners will remain useful as Ternus takes over.

Cook leaves behind a transformed Apple

Ternus is taking charge of an Apple that is much larger than the company Cook inherited in 2011.

During Cook’s leadership, Apple expanded beyond the iPhone with products such as the Apple Watch and AirPods. It also built a major services business covering areas such as the App Store, Apple Music and iCloud.

Apple also developed its own silicon for Macs and other devices, giving the company greater control over its hardware and software.

The company’s market value rose dramatically during Cook’s tenure, reaching about $4 trillion. Apple now has more than 2.5 billion active devices worldwide, creating a vast ecosystem for new products and services.

Services have become an important source of recurring revenue, helping Apple reduce its dependence on hardware sales alone.

Cook’s tenure therefore left Ternus with a strong foundation. But maintaining that growth will be harder as smartphone markets mature and competition increases.

First major test arrives quickly

Ternus will have little time to settle into his new role before facing his first major product test.

Apple is scheduled to hold its next major iPhone event on September 9, only days after Ternus becomes CEO. The company is expected to introduce its latest iPhone lineup, with particular attention on the possibility of a foldable iPhone.

A foldable device would represent one of the biggest changes to the iPhone’s design in years. It could also open a new premium segment and give Apple another opportunity to drive hardware growth.

The launch will be closely watched because it will be the first major iPhone event under Ternus’ leadership. Investors and consumers will be looking for signs of how the new CEO intends to shape Apple’s product strategy.

Defining the next Apple era

Ternus takes over at a time when Apple’s traditional strengths are being tested by rapid changes in technology.

The company must continue growing the iPhone business, strengthen its artificial intelligence capabilities, develop new products and manage increasingly complicated supply chains. At the same time, it faces intense competition and growing regulatory scrutiny across major markets.

His engineering background gives Ternus a deep understanding of Apple’s products. His bigger challenge will be proving that he can translate that expertise into a broader vision for the company.

Cook leaves behind a business that has grown enormously in size, value and global reach. Ternus must now build on that success while ensuring Apple does not fall behind in the next major technology shift.

The leadership change is therefore more than a change of CEO. It comes as the industry moves from the smartphone era towards an AI-driven future.

Ternus’ task will be to preserve what has made Apple successful while giving the company a clear path into that future. His ability to close the AI gap, manage China-related challenges and deliver the next wave of products will determine whether Apple can maintain its position at the top of the technology industry.

 

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1 Minute-Read

Cipla Pune unit loses drug sale licence

Maharashtra FDA has cancelled the drug sale licences of Cipla Pharma & Life Sciences’ carrying and forwarding unit in Pune, citing multiple compliance violations.

The action followed inspections that flagged irregular packaging of Reactin Plus tablets, inadequate storage arrangements, discrepancies in stock records and shortcomings in following recall directions.

The regulator also seized Reactin Plus stock worth around ₹11.19 lakh and ordered its withdrawal. Cipla has challenged the decision, saying the matter is sub judice. The company also clarified that the FDA order raises no concerns about the safety, quality or efficacy of its medicines.

Categories
Beyond

FDA cancels Cipla Pune unit licence

The Maharashtra Food and Drug Administration (FDA) has cancelled the drug sale licences of Cipla Pharma & Life Sciences Ltd’s carrying and forwarding (C&F) facility in Pune, citing multiple regulatory lapses involving the handling and distribution of medicines.

The cancellation took effect on August 27 and relates to the company’s warehouse at Wadki in Pune district. The action followed inspections in which officials found irregularities concerning the packaging of Reactin Plus tablets, storage practices, stock records and compliance with a recall order.

The case came to light during an FDA inspection in June. Officials found that the packaging of Reactin Plus, a Schedule H prescription medicine, carried an unauthorised description referring to it as an “analgesic and antipyretic”. The regulator also objected to promotional material appearing on the packaging, saying it did not comply with provisions of the Drugs and Cosmetics Act, 1940, and the Drugs Rules, 1945.

Reactin Plus is a prescription medicine, meaning its sale and distribution are subject to stricter regulatory requirements. The FDA subsequently seized stock valued at around ₹11.19 lakh and directed that the affected medicine be withdrawn from the market. The regulator later alleged that the recall instructions were not fully followed.

A follow-up inspection brought several additional issues to the regulator’s attention. Officials found discrepancies between physical stock and computerised inventory, as well as differences involving purchase and sales records. The findings raised concerns about whether the facility’s records accurately reflected the movement of medicines through the warehouse.

Storage arrangements were also questioned. According to the FDA, medicines were found stored directly on the floor, while the facility had inadequate arrangements involving pallets and racks. The regulator also flagged shortcomings in records and procedures for dealing with expired medicines.

The concerns were therefore not limited to the labelling of one product. The FDA’s action covered a broader set of issues involving the sale, storage, documentation and recall of medicines at the C&F facility.

After the inspections, the Maharashtra FDA issued a show-cause notice to the licence holder. The company was given an opportunity to explain the findings and the alleged failure to fully comply with the recall directions. After reviewing the response, the regulator proceeded with cancellation of the drug sale licences.

FDA Commissioner Tukaram Mundhe said the department would take a strict approach to violations involving the advertising, sale, storage and distribution of Schedule H medicines. The regulator has emphasised that pharmaceutical companies and distributors are expected to follow prescribed procedures throughout the drug supply chain.

Cipla has challenged the FDA’s decision. Cipla Pharma & Life Sciences said the matter is currently under judicial consideration and therefore declined to comment on the proceedings in detail.

The company also sought to distinguish the regulatory action from any concern over the medicines themselves. Cipla said the FDA order does not allege problems relating to the safety, quality or efficacy of its products and does not involve or indicate a patient safety issue.

This clarification is important because the FDA action concerns the operations of the C&F warehouse and the regulatory compliance issues identified there. It is not, in itself, a declaration that Cipla’s wider product portfolio is unsafe.

The episode nevertheless highlights the importance of compliance at every stage of pharmaceutical distribution. While drug manufacturers face extensive requirements for production and quality control, warehouses and distribution centres must also maintain proper storage conditions, accurate records and effective systems for tracking products.

Recall procedures are particularly important because regulators and companies need to be able to identify affected batches quickly and ensure that they are removed from the market. Any gap between physical inventory and recorded stock can make that process more difficult.

The case also draws attention to the restrictions governing the promotion and labelling of prescription medicines. Claims appearing on drug packaging must comply with regulatory requirements, and companies are expected to ensure that marketing or promotional language does not go beyond approved provisions.

The Maharashtra FDA’s action comes as state drug regulators continue to tighten scrutiny of pharmaceutical operations, including manufacturing, storage and distribution facilities. Such inspections are intended to ensure that medicines moving through the supply chain meet regulatory requirements and that companies maintain proper systems for accountability.

The case for the pharmaceutical industry, serves as a reminder that compliance extends beyond manufacturing. Proper labelling, warehouse conditions, inventory management, documentation and recall execution are all critical components of maintaining a reliable drug supply chain.

The dispute between Cipla and the Maharashtra FDA will therefore be closely watched, particularly for its implications for pharmaceutical compliance and regulatory enforcement. While the company maintains that there is no product safety or patient safety concern, the regulator has made clear that lapses in the distribution and handling of prescription medicines can attract strict action.

 

Categories
Technology

Jio Platforms gets SEBI nod for India’s biggest IPO

Jio Platforms Ltd, the digital and telecom business of Reliance Industries, has received the Securities and Exchange Board of India’s (SEBI) final observations for its proposed initial public offering (IPO), clearing a major regulatory hurdle for what could become India’s largest-ever public issue.

The company is looking to raise around ₹37,700 crore, or nearly $4 billion, through the IPO. If launched at the proposed size, the issue would comfortably overtake the current record held by Hyundai Motor India, which raised ₹27,859 crore through its 2024 listing. The proposed Jio IPO is therefore set to become one of the biggest events in India’s primary market.

Jio Platforms had submitted its draft red herring prospectus (DRHP) to SEBI in June, beginning the formal process for its much-awaited stock market debut. The regulator’s final observations on August 28 allow the company to move ahead with preparations for the public issue, subject to the remaining regulatory and procedural requirements.

The proposed IPO will consist of a fresh issue of up to 27 crore equity shares. These shares are expected to represent about 2.9% of Jio Platforms’ post-issue equity capital. Unlike an offer-for-sale, where existing shareholders sell their shares, the Jio offering is structured as a primary issue, meaning the money raised will go to the company.

A major portion of the IPO proceeds is expected to be used to repay or prepay outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms’ key subsidiary. The company has also earmarked funds for general corporate purposes.

The planned use of funds makes debt reduction an important part of the Jio IPO story. The proposed issue could strengthen the financial position of the telecom business while giving Jio Platforms a separately listed identity in the public market.

The IPO is also significant because it will give investors a direct opportunity to participate in Jio’s rapidly expanding digital ecosystem. Over the years, Jio has moved beyond mobile connectivity to build businesses spanning digital services, broadband, enterprise solutions, cloud services and emerging technologies such as artificial intelligence. Its scale has made the public offering one of the most closely watched IPOs in India.

Jio Platforms has already attracted several major global investors. Meta invested about ₹43,574 crore in 2020 for a 9.99% stake, while Google invested around ₹33,737 crore for a 7.73% holding. A group of global financial and strategic investors also invested heavily in the company, including Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, the Public Investment Fund of Saudi Arabia, Intel Capital and Qualcomm Ventures.

Reliance Industries currently owns about 66.43% of Jio Platforms. Meta and Google together hold around 17.71%, with the balance owned by other investors. The IPO will consequently bring a portion of the company’s equity into public ownership while creating a market-determined valuation for one of India’s most prominent digital businesses.

The proposed Jio Platforms valuation has attracted considerable attention. Reports have placed the potential valuation at around $137 billion, although the final valuation will depend on the eventual issue price and market conditions. The price band has not yet been announced, and investors will have to wait for further IPO-related disclosures before assessing the offer more precisely.

The financial performance of Jio Platforms has also strengthened the case for its public listing. In the first quarter of FY27, the company reported revenue of ₹45,961 crore, a 12% year-on-year increase. Segment EBITDA rose 15.1% to ₹20,865 crore, while profit increased 9.2% to ₹7,764 crore. Average revenue per user, or ARPU, also improved to ₹215.6, reflecting continued growth in its telecom business.

The timing of the Jio IPO comes as India’s primary market is witnessing renewed activity. Companies have returned to the IPO market in significant numbers, supported by domestic liquidity and investor appetite for new listings. Data cited in recent reports showed that 60 IPOs raised ₹72,165 crore between January and August 2026, with July and August accounting for a substantial share of the fundraising.

The Jio listing could further lift the profile of India’s IPO market. A successful issue would not only set a new fundraising record but could also provide investors with a clearer market valuation of Reliance’s digital and telecom operations.

The Reliance group’s connection with the public market is another reason the issue is being closely watched. The Jio Platforms IPO is expected to be the first IPO from the Reliance group since 2008 and marks the first public offering of a consumer-focused business within the conglomerate.

The company’s listing could also influence how investors value India’s large technology and telecom businesses. With more than 533 million subscribers, Jio has developed into one of the world’s largest mobile operators while expanding into a broader digital-services platform.

SEBI’s approval marks the biggest step yet towards Jio Platforms becoming a publicly traded company. If the proposed ₹37,700-crore issue proceeds as planned, Jio will rewrite India’s IPO record book and give the country’s stock market one of its most closely followed new listings in years.

 

Categories
Technology

OpenAI rolls out ChatGPT ads for free users

OpenAI has started displaying advertisements to ChatGPT users in India, marking a new phase in the company’s efforts to generate revenue from its popular artificial intelligence chatbot. The advertising rollout is aimed at logged-in adult users on ChatGPT’s Free and Go plans.

The move comes as OpenAI looks to build new revenue streams around ChatGPT while expanding its presence in India. The company has been increasing its focus on the country as the use of generative artificial intelligence grows among consumers, developers and businesses.

Users on paid ChatGPT plans, including Plus and Pro, will continue to receive an ad-free experience. Business, Enterprise and Education users will also not see advertisements.

OpenAI has said the advertisements will be clearly separated from ChatGPT’s responses. The company’s AI-generated answers will not be influenced by advertisers, and businesses will not be able to pay to change how ChatGPT responds to users.

The first phase of the rollout includes more than 50 brands, with advertising agencies WPP and Omnicom working with OpenAI on the India launch. The company is also opening its advertising platform to businesses that want to create campaigns aimed at ChatGPT users.

The advertising model is different from traditional online advertising because ChatGPT users generally approach the service with a specific question or task. A person could use the chatbot to research a product, compare services, plan a purchase or find information before making a decision.

This creates an opportunity for advertisers to reach consumers while they are actively looking for information. At the same time, the presence of commercial content inside an AI chatbot raises questions about how clearly users can distinguish advertising from AI-generated information.

OpenAI has sought to address that concern by keeping advertisements separate from the main response generated by ChatGPT. The company has also said advertisers will not have access to users’ private conversations or be able to use them to influence responses.

The introduction of ads is part of a wider effort by OpenAI to monetise ChatGPT. The company has millions of users accessing its services without paying for a subscription, while operating advanced AI models requires significant computing infrastructure and costs.

Subscriptions remain an important source of revenue, particularly through paid consumer plans and business offerings. Advertising gives OpenAI another way to earn money from the large audience using its free services.

India is particularly important to this strategy. ChatGPT has gained significant traction in the country, where a large technology-savvy population and expanding internet access have contributed to rapid adoption of generative AI tools.

OpenAI has also been strengthening its local operations and looking at ways to expand its relationships with Indian businesses and developers. The company sees India as an important market for the future growth of its AI products.

The advertising launch comes as competition in the AI industry intensifies. OpenAI is competing with Google, Anthropic and several other companies for users, developers and corporate customers.

The battle is no longer limited to producing better AI models. Companies are also competing on pricing, computing capacity, enterprise products and ways of turning AI usage into sustainable businesses.

OpenAI’s move towards advertising comes against this backdrop. Instead of relying entirely on subscriptions, the company can potentially earn revenue from a much wider pool of users through sponsored content.

The development also comes as rival AI company Anthropic prepares for a possible public listing. The maker of Claude is reportedly planning to make its IPO prospectus public after the US Labor Day holiday, with a potential stock-market debut later this year.

Anthropic’s plans underline the growing financial expectations surrounding the AI industry. Investors are closely watching whether leading AI companies can convert rapid user growth and heavy investment in infrastructure into long-term revenue and profits.

OpenAI faces the same challenge. Its partnership with Microsoft and large-scale investments in computing infrastructure have helped it expand its AI services, but maintaining that growth requires significant and recurring spending.

The immediate impact on users in India will depend on how frequently advertisements appear and how they are presented within ChatGPT. Free and Go users will see the change, while those paying for higher-tier plans will retain an ad-free service.

The success of the model will ultimately depend on whether OpenAI can introduce advertising without affecting user trust or the usefulness of ChatGPT. Too many advertisements, unclear commercial labelling or interference with the user experience could undermine the value of the platform.

The India rollout is therefore significant beyond the advertisements themselves. It is an early test of whether AI assistants can become a new advertising platform and whether users will accept commercial messages as part of their everyday conversations with artificial intelligence.

 

 

Categories
Leaders

Bill Gates warns AI could reshape jobs and society

Microsoft co-founder Bill Gates has warned that the world is entering a turbulent phase of the artificial intelligence revolution, with AI potentially reshaping jobs, economies, education and human relationships much faster than governments and societies are prepared to handle.

In a new essay, Gates said he remains convinced that artificial intelligence could deliver enormous benefits in healthcare, science and education. But he is increasingly concerned that the technology is advancing so quickly that the negative consequences could arrive before adequate safeguards are in place.

Gates’ biggest concern is the effect of AI on employment. He expects the technology to move beyond assisting workers and increasingly perform entire tasks on its own. Areas such as law, customer service, medicine, software development and manufacturing could see significant changes over the next decade.

The shift could be especially difficult for entry-level and mid-level workers. Young people entering the workforce may find fewer opportunities to gain experience, while employees whose jobs disappear may struggle to move into completely different careers.

Gates also believes the disruption will eventually reach beyond traditional office jobs. As robotics improves, machines could become capable of performing more physical tasks. He has pointed to construction and hospitality as sectors where increasingly capable robots could begin competing with human workers before the end of the decade.

That possibility has led Gates to suggest an unusual policy idea: creating a category of “Human Reserved” jobs.

Under this approach, governments or societies could decide that certain occupations or tasks should remain primarily with people even when AI or robots are technically capable of doing them. The idea would be similar to protecting a nature reserve from development.

Gates believes healthcare and caregiving could be among the areas where human involvement should remain particularly important. A machine may be able to deliver information or perform a task efficiently, he argues, but there are situations where compassion, trust and emotional understanding matter just as much as technical ability.

The concept could also be temporary. Some jobs might be protected for a period of years or decades to give workers time to adapt rather than allowing sudden automation to eliminate entire categories of employment.

Gates has also proposed changing the tax system to deal with the economic impact of automation. He has suggested taxes on AI use, including AI “tokens”, as well as taxes on robots.

His reasoning is that the current system can make replacing employees with machines financially attractive. Businesses pay payroll-related taxes when they employ people, while investment in machines can receive different tax treatment. A tax on automation could slow the pace of replacement while generating money for worker retraining and stronger social safety nets.

Gates accepts that such measures would represent a major change in economic policy. But he believes governments should act before large-scale job losses become a reality rather than trying to respond after workers have already been displaced.

His concerns extend beyond employment. Gates has warned that increasingly powerful AI systems could be misused for cyberattacks and other harmful activities. The technology could allow malicious individuals to carry out sophisticated operations more quickly and at a lower cost.

He has also raised concerns about AI and biotechnology, particularly the possibility that advanced systems could make dangerous biological activity easier for bad actors.

Another area of concern is the effect of AI on children and human relationships. AI companions and increasingly personalised digital systems could become attractive substitutes for real-world interaction. Gates worries that excessive dependence on such technology could affect emotional development, social skills and the ability to think independently.

Education presents a similar dilemma. AI tutors could make learning more accessible and provide students with instant explanations. At the same time, relying on AI to solve every difficult problem could weaken critical thinking if students stop working through problems themselves.

Despite his warnings, Gates is not calling for an end to artificial intelligence. He continues to see the technology as potentially transformative in positive ways.

AI could help doctors identify diseases, accelerate scientific research, improve public services and expand access to education. In developing countries, it could also provide farmers and communities with useful information and services that are currently difficult to access.

The challenge, Gates argues, is ensuring that those benefits are widely shared while limiting the damage caused by rapid automation.

He believes governments need new institutions and policies specifically designed for the AI era. Existing rules were largely created before systems capable of performing complex cognitive tasks became widely available, leaving important gaps in areas such as employment, safety, education and accountability.