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Top news of the day: 1. Ola Electric's automotive division aims to become cash positive by fiscal year 2026, despite a 50% decline in year-on-year operating revenue in the June quarter due to competitive pressures. 2. Gumlet, an Indian startup, is revolutionizing video delivery by offering a secure, scalable, and fast infrastructure tailored for creators and SaaS companies 3. Blinkit is set to transition to an inventory-led model starting September 1. 4. Reliance Industries’ stock has surged by 24% this year, outperforming the benchmark Nifty’s 7% rise. 5. Gibran, an AI research startup, has raised $2.6 million in seed funding from Together Fund, co-founded by Freshworks’ Girish Mathrubootham and Eka Software’s Manav Garg. 6. Shashank Shekhar, a former head of content strategy and operations at ShareChat, is raising $4 million for his new startup focused on AI-led learning, according to two sources familiar with the development. 7. Crypto exchanges, including Coinbase, rapidly listed Trump's $TRUMP meme coin, with eight out of ten major exchanges listing it in just 48 hours despite potential investor risks. 8. EaseMyTrip cofounder Prashant Pitti pledged Rs 1 crore to create an AI-based system to identify Bengaluru’s traffic choke points, motivated by his experience of being stuck in traffic for over two hours. 9. India is poised to become a $10 trillion economy within the next decade, driven by Global Capability Centers (GCCs) contributing $0.5 trillion to the GDP while employing 20-25 million people, according to Gunjan Samdani of Goldman Sachs. 10. Flipkart is focusing on video commerce to engage Gen Z and expand into smaller Indian cities. Stay Updated. Stay Informed. Stay Ahead. Share the Medial App with your network, colleagues, and friends. Let's brainstorm, discuss together and help each other achieve our goals. And don't forget to rate us on the iOS App Store and Google Play Store to help us reach even more amazing people like you.