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Top News of the Day: 1. Jio In Talks To Use Meta’s VR Software For A Potential VR Device 2. Japanese investment conglomerate SoftBank is exercising caution as it faces market volatility after investing heavily from its Vision Fund. 3. Star India, owned by The Walt Disney Co., reported a widened operating income loss of $314 million in the June quarter of 2023-24, compared to $216 million in the same period the year before. 4. Adani Enterprises Ltd, the flagship firm of Indian billionaire Gautam Adani, is reportedly considering raising around $1.2 billion to $1.4 billion through a share sale 5. As Ola Electric gears up for its upcoming public listing, Ola Cabs founder Bhavish Aggarwal is focusing on expanding the company's presence in the quick commerce sector. 6. China's drivers fret as robotaxis pick up pace - and passengers 7. Robinhood results beat estimates on meme-stock, crypto-trading boom 8. Intel is sued by shareholders alleging securities fraud 9. SoftBank Group has reported that about 94% of its Vision Fund portfolio companies have sufficient cash to continue operations for at least a year 10. Metadome.ai raises $6.5 Mn led by Siana Capital and Chiratae 11. Healthcare firm GenWorks has raised Rs 41 crore (around $5 million) in a funding round led by Evolvence Fund. 12. SoftBank Sitting On Gross Gains Worth $285 Mn From Delhivery 13. Elon Musk stirs UK divisions, sparks calls for faster rollout of online safety laws 14. The RBI has increased the UPI tax payment limit from INR 1 Lakh to INR 5 Lakh per transaction, making it easier for consumers to make payments through the UPI. 15. Amazon Prime Video plots Hollywood expansion 16. Talent marketplace FlexiBees has raised its pre-Series A round led by Inflection Point Ventures for an undisclosed amount. 17. PhonePe Rolls Out Initiative To Drive More Accessibility In Insurance Cover 18. Bangalore-based specialty chemical manufacturing startup Scimplify has secured $9.5 million in a Series A funding round led by Omnivore. 19. Ripple ordered to pay $125 million in penalty for improperly selling XRP tokens 20. Actor Rannvijay Singha-backed esports and gaming platform Oneiric11 Gaming has secured $1 million in pre-Series A round 21. BiofuelCircle raises Rs 45 Cr led by Spectrum Impact 22. US bankruptcy court dismisses lenders’ plea against Byju’s-BCCI settlement 23. According to a report by marketplace Meesho, mass consumers make up about 80% of the total online shopper population in India. 24. Russian internet monitoring services have reported numerous service disruptions with video hosting platform YouTube in response to growing criticism from Russian authorities. 25. Basil Sgourdos to retire as CFO of Naspers and Prosus after 29 years 26. Nazara acquires UK based Fusebox Games for $27.2 Mn 27. Media and gaming firm Nazara Technologies has received a letter of intent for the acquisition of sports entertainment company Smaaash Entertainment 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.