Top News of the Day: 1. Indian fintech giant PhonePe has reported revenue of over INR 5,000 Cr ($674 million) in FY24, making it the second startup in the country to achieve this milestone after Paytm 2. Indian SaaS Startup Funding Sees 33% YoY Spike In H1 2024 3. Apple reported record-breaking revenue in India for the quarter ending September 2024, with a 6% surge driven by strong iPhone sales 4. Judge declines to block Elon Musk $1 million voter giveaway as billionaire seeks to move case 5. Elon Musk's xAI artificial intelligence business is developing the world's largest supercomputer, but its presence in Memphis, Tennessee, has raised concerns among residents. 6. Gopal Vittal, the Managing Director of Bharti Airtel, will take on additional roles across the group to drive synergy and oversee growth areas. 7. Evolv, a security technology company, has terminated its CEO, Peter George, amid a sales misconduct investigation. 8. Rare Rabbit’s FY24 Profit Doubles To INR 75 Cr 9. US indicts founder of crypto firm Gotbit for alleged wire fraud 10. OpenAI has updated its ChatGPT AI chatbot, adding web search capabilities and positioning itself as a competitor to Google. 11. Indonesia bans sales of Google smartphones days after blocking Apple's iPhone 16 12. Thailand approves $2 billion worth of investments in data centres, electronics 13. UPI hits 16 billion transactions in October setting new record aided by festive spends 14. Ola Electric Mobility Ltd has seen a 74% rise in vehicle registrations, with 41,605 units registered in October 2024 compared to the same period last year 15. Fabricio Bloisi, CEO of Naspers and Prosus, aims to double the value of the company within the next four years. 16. Ola Electric has seen a resurgence in market share, reaching 31% in October after a decline over the past few months. 17. India has launched its first analogue space mission in Leh. The mission is a collaborative effort by the Human Spaceflight Centre, ISRO, AAKA Space Studio, University of Ladakh, IIT Bombay 18. Facebook India Online Services, a subsidiary of Meta, has recorded a 43% increase in profit to Rs 504.9 crore in the fiscal year ending on March 31, 2024 19. Google has successfully defended itself against a trademark lawsuit filed by Shorts International, a British short film company. 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.
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