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Top news of the day: 1. Bhavish Aggarwal's AI venture, Krutrim, has laid off over 100 employees, primarily from its linguistics team, amid stalled fundraising and low user adoption. 2. Xflow, a cross-border payments platform, has received in-principle authorization from the Reserve Bank of India to act as an online payment aggregator for cross-border transactions. 3. CarTrade released its financial results for the first quarter of the ongoing fiscal year (Q1 FY26) on Monday. 4. Vadodara-based bio-manufacturing startup Genexis Biotech has raised Rs 4 crore in a seed funding round led by GVFL, with participation from Benzai10. 5. Go Digit General Insurance Limited reported its operating revenue which decreased by 17% to Rs 1,865 crore in Q1 FY26 from Rs 2,247 crore in Q1 FY24. 6. VerSe Innovation, the parent of Dailyhunt, has appointed Rohit Sandal as Chief Human Resources Officer after Maya John stepped down. 7. Lenskart has appointed Ashish Kashyap and Sayali Karanjkar as independent directors to its board, following SoftBank's Sumer Juneja's departure. 8. Drizz, a Bengaluru-based Vision AI mobile app testing platform, raised $2.7 million in its first funding round led by Stellaris Venture Partners. 9. Tropical Agrosystem (India) is expanding the distribution of SmartFresh InBox, a post-harvest technology from AgroFresh Inc., to reduce food waste. 10. Navi Technologies, founded by Flipkart co-founder Sachin Bansal, raised Rs 170 crore via debt funding, led by PhillipCapital. 11. Ola Electric's focus on profitability has led to a decline in market share, allowing Ather Energy to narrow the gap significantly. 12. Kenro Capital is considering a $30-40 million investment in Pine Labs as the fintech company’s initial investors seek exits ahead of its IPO. 13. Coforge Ltd, formerly NIIT Technologies Ltd, has become India's seventh-largest IT services company, surpassing Mphasis Ltd. 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.