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Top News of the Day: 1. Spinny cuts FY24 net loss to Rs 590 crore; revenue up 14% on year to Rs 3,275 crore 2. Kenko Health Founder Alleges IRDAI Red Tape To Blame For Shutdown 3. Bajaj Broking and SBI Securities advise investors to consider subscribing to the IPO with a long-term investment horizon 4. Cab-hailing firm Ola Consumer is facing another valuation cut as an existing investor, Vanguard, has revised its fair value estimate downwards by about 15%. 5. Netflix India's net profit for the fiscal year 2023-24 increased by 49% to INR 52.4 Cr compared to the previous year. 6. Seven French families have filed a lawsuit against TikTok, claiming that the platform exposed their teenage children to harmful content, resulting in two suicides 7. Indian billionaire Mukesh Ambani plans to list his telecom business, Reliance Jio, in 2025, while the IPO for his retail unit will come later, according to sources. 8. Zomato acknowledges a manual typing error made by one of their vendors resulting in 90 packets of button mushrooms with incorrect packaging dates. These items were already flagged and rejected by Zomato 9. Bhupinder Singh-led InCred Group is in talks to establish a general insurance joint venture and launch a mutual fund house. 10. Apple is reportedly ahead of schedule with the release of iOS 18.2, planning to roll out the update to stable users in early December. 11. Food delivery app Swiggy has been fined approximately ₹35,000 by the District Consumer Disputes Redressal Commission in Hyderabad for overcharging a customer under its ‘Swiggy One membership’ scheme 12. CarTrade Tech Limited announced the resignation of Amit Kumar as Managing Director and CEO of Sobek Auto India Private Limited, which operates as OLX India. 13. In October, UPI transactions grew by 10% month-on-month, reaching 16.58 Bn from 15.04 Bn in the previous month 14. Delhivery, a logistics company, has received approval from its board to grant 73,300 equity shares. 15. OpenAI has hired Gabor Cselle, former CEO of Pebble, to work on a secret project. 16. Alibaba Group has reportedly laid off multiple employees at Yuanjing, its metaverse arm. 17. Hala Mobility Bags INR 51 Cr To Expand Its EV Fleet 18. Sagility India has raised ₹366 crore from nine investors including Gautam Adani family-owned Adani Properties, 360 ONE and Avendus Future Leaders Fund II. 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.