From AI-powered spiritual-tech startups to executive exits and fresh funding rounds, YourStory brings you today’s top stories: Featured stories OpenAI v top music labels sparks talks on fair use, licensing rights While artificial intelligence has made music composition easier than ever before, can it replace the genius of an artist? And significantly, do existing copyright laws adequately protect the creative work done by humans? The Indian music industry's leading labels—including T-Series and Saregama—think not. By joining a high-profile lawsuit against OpenAI, they have alleged that the company's AI models infringe on copyrights by scraping music and lyrics from the internet without authorisation. Although it’s unclear if AI is an enabler or threat to the creative industries, legal experts and artists have voiced their concern about existing copyright law, which now demands further amendment. Latest news ONDC Chief Thampy Koshy to step down Open Network for Digital Commerce's (ONDC) managing director and chief executive, Thampy Koshy, has stepped down after his three-year tenure at the government-backed ecommerce network. "Koshy has expressed his desire to step down while helping on with the change. The MD and CEO responsibilities have been transitioned to an executive committee with Koshy available to the board over the next 3 months for advise," ONDC said in a statement. Eloelo secures $13.5M in Series B funding Live social entertainment platform Eloelo has raised $13.5 million in its Series B funding round led by Play Ventures. The round also saw participation from Kalaari Capital, MIXI Investments, Gameskraft Technologies, Griffin Gaming Partners, Waterbridge Ventures, Courtside Ventures & Rocket Capital, the company said in a statement. Eloelo plans to use the fresh funds to dive deeper into its GenAI use cases, and international expansion in Indian diaspora markets. Additionally it also plans to scale its revenue further by expanding its range of offerings with the aim to build a large media and entertainment powerhouse, the company said. Glenn Maxwell invests in India’s Drive Fitt, joins as strategic partner Australian cricketer Glenn Maxwell has invested in Drive FITT, marking his first business venture in India. Drive FITT is a sports-focused club that integrates cricket, fitness, and recovery with technology-led solutions. Drive FITT, co-founded by Preity Zinta, Shubman Gill, Mark Sellar, Deke Smith, and Vikram Aditya Bhatia, operates on a membership-based model and aims to make cricket training and recovery accessible through tech-enabled solutions. Preity Zinta said, “Having Glenn join us at Drive FITT is truly special. I’ve always admired his forward-thinking, athlete-first mindset, which seamlessly aligns with our vision.” Lumikai leads $1.2M seed round in AI-driven spiritual-tech startup AskMyGuru Lumikai, India’s leading interactive media and gaming VC, has led a $1.2 million seed round in AskMyGuru, investing $800,000 alongside co-investors MPL and former Match Group Americas CEO Amarnath Thombre. AskMyGuru is an AI-powered platform offering spiritual guidance rooted in the Vedic Shastras. Founded by former MPL executives Krishna Mohan Vedula and Vivek Sadamate, the platform combines custom-trained large language models with gamification to deliver immersive spiritual experiences. Arihant Academy acquires Carmel Classes for $1.2M Arihant Academy, an NSE-listed education company, has acquired 100% of Carmel Classes and Carmel Tuitions for $1.2 million. The deal adds 30 classrooms and over 2,000 students to Arihant’s network, expanding its presence across Vasai and Mumbai. The acquisition enhances Arihant’s course offerings across the state, CBSE, and ICSE boards, covering students from Standard VIII to XII, as well as professional and language courses, including CA, CS, and IELTS. Bower raises Rs 11.5 Cr seed funding led by HNIs and Astir Ventures Hyderabad-based Bower School of Entrepreneurship has raised Rs 11.5 crore in a seed funding round led by High-Net-Worth Individuals and Astir Ventures. The institution, which promotes application-based learning, aims to expand its offerings and geographic reach with the new capital. Kazam partners with Yuma to bring battery swapping to park, charge hubs EV charging solutions provider Kazam has partnered with Yuma Energy to integrate battery-swapping units into its Park & Charge (P&C) hubs across India. The partnership is intended to offer faster and more efficient energy solutions for EV users, particularly those in logistics and ecommerce. Yuma Energy, backed by Magna International and Yulu Bikes, operates as a battery-as-a-service network. It has completed over 20 million swaps, powering more than 800 million green kilometres. Atlys appoints Ananth Iyer as CFO to steer global expansion Visa processing platform Atlys has appointed Ananth Iyer as its Chief Financial Officer, as the company prepares for global expansion. Iyer joins from Ernst & Young, where he was Director in Transaction Advisory Services, and brings more than a decade of experience across financial reporting, compliance, and risk management. Iyer’s background includes stints at B S R and SR Batliboi, with extensive work in the technology, telecommunications, consumer, and financial sectors. His knowledge of GAAP, IND AS, and IFRS is expected to support Atlys’ scale-up and financial governance as it expands globally. (The copy will be updated with the latest news throughout the day.) (Edited by Kanishk Singh)