American icon and founder of Playboy Enterprises, Hugh Hefner, aged 91, passed away on September 27. According to an official statement, Hefner died of natural causes, surrounded by loved ones at the Playboy Mansion.
Born in Chicago, Hefner introduced America to Playboy in 1953 and today, it is one of the most recognizable brands in the world which revolutionized the adult entertainment industry. He published the historic first undated issue, which featured Marilyn Monroe before her stardom, after raising $ 8,000 from friends and family and sold almost 54,000 copies at 50 cents each. His first publisher’s message was,“We don’t expect to solve any world problems or prove any great moral truths.”
Originally titled “Stag Party,” Playboy challenged puritanical convention and fought for women’s rights including birth control. He advocated freedom of speech in all its aspects, supported progressive social causes and also booked black artists in defiance of segregation laws. He has stated in multiple interviews that his life and Playboy were a reflection of the conflicts that exist in America related to sexuality.
Playboy magazine spun into a media and entertainment industry giant, advertised as the emblem of the sexual revolution and became the most successful men’s magazine in the world. He wrote 25 installations of the Playboy Philosophy championing abortion rights and repealing 19 century sex laws. Playboy also published articles and short fiction by some of the most celebrated writers such as Ray Bradbury, Ian Fleming, Carl Sagan, John Updike and Vladimir Nabokov. The magazine is also known for publishing lengthy interviews with high profile figures like Martin Luther King Jr., John Lennon and Jimmy Carter.
Hefner built an empire that included TV shows, a jazz festival and a string of Playboy Clubs and created a niche for upscale men’s magazine, combining images of nude women with in depth articles, interviews and fiction by a variety of well known writers. Watch how Playboy became the world’s most sensational brands in the world here –
Apple has set a new benchmark in India, recording $9 billion in annual sales for FY25—a 13% surge over the prior year, fueled chiefly by robust demand for iPhones and MacBooks. The tech giant’s strategic expansion into Bengaluru and Pune with new flagship stores has deepened brand engagement and increased accessibility for customers across urban centers.
Apple’s rapid retail footprint expansion and locally tailored initiatives, including student discounts and trade-in offers, overcame price barriers and high import duties to drive sales volumes to unprecedented heights. Meanwhile, local production reached new highs, with 20% of iPhones now assembled in India and manufacturing output up 60%, valued at $22 billion part of Apple’s move to diversify its global supply chain.
India is now Apple’s fourth-largest market worldwide, reflecting its rising role as both a consumption and manufacturing powerhouse for premium tech. Continued investment in retail outlets, partnerships with Tata for device repairs, and consumer-friendly financing have positioned Apple for even stronger growth as Indian incomes and technology aspirations rise.
OYO, India’s leading hospitality startup, has retained strong profitability in FY25, driven by a significant deferred tax gain and a bold corporate identity overhaul. The company’s net profit surged to ₹623 crore, marking a 172% year-on-year growth, with adjusted EBITDA reaching ₹1,132 crore a 27% increase from the previous fiscal. Total revenue rose by 20% to ₹6,463 crore, propelled by strategic expansion in premium segments and the integration of G6 Hospitality into OYO’s growing portfolio.
The deferred tax gain of ₹765.6 crore played a crucial role in OYO’s profitability for FY25, helping overcome challenges from operational losses and global expansion costs. Meanwhile, OYO launched a campaign to rename its parent company, Oravel Stays Ltd, aiming for a tech-first, globally resonant brand identity as the business prepares for its IPO. This rebranding signals OYO’s shift toward broader urban living solutions, with the “OYO Hotels” brand remaining unchanged for consumers while the corporate entity targets premium and tech-driven markets worldwide.
OYO’s premiumization strategy and aggressive international growth have led to record results for the fourth quarter of FY25, with gross booking value surging 54% to ₹16,436 crore and revenue hitting new highs. These achievements highlight OYO’s disciplined financial management and commitment to innovation, setting a benchmark for Indian startups navigating global expansion and sustained profitability in the hospitality technology sector.
Mobile Premier League (MPL), one of India’s top online gaming platforms, is set to lay off about 60% of its India workforce following the government’s ban on paid online games. The move, confirmed by MPL CEO Sai Srinivas through an internal email, will impact around 300 employees across multiple departments including marketing, finance, operations, engineering, and legal. This decision comes as a direct result of the Promotion and Regulation of Online Gaming Bill, 2025, which restricts paid online games involving monetary stakes to address concerns over financial risks and addiction among young users.
India contributed nearly half of MPL’s revenues, estimated at around $100 million in the 2024-25 fiscal year. With the ban on paid gaming, MPL’s primary revenue source in India has been effectively cut off, prompting the company to shift focus towards free-to-play games and expand its presence in overseas markets such as the United States and Brazil. Despite the layoffs, MPL has pledged to support the affected employees through the transition period. CEO Sai Srinivas expressed regret over the downsizing but highlighted the company’s commitment to developing new business models for the Indian market amid the regulatory changes.
This development significantly disrupts the Indian online gaming industry, which was on track to grow into a $3.6 billion sector by 2029 before the introduction of the ban. While competitors like Dream11 have adapted by discontinuing paid games and avoiding layoffs, the ban has forced many gaming startups in India to rethink their operations. The government’s regulation targets all games involving real money stakes, including fantasy sports and popular card games like rummy and poker, reshaping the future landscape for the country’s gaming ecosystem and its workforce.