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Top News of the Day: 1. Paramount Global engaged in months-long discussions with Warner Bros. Discovery regarding a potential merger, but ultimately abandoned the idea due to the lack of a concrete offer. 2. Venture capital firm Mounttech Growth Fund is participating in a $10 million funding round for spacetech startup GalaxEye. 3. Tessolve, a semiconductor engineering solutions provider, has agreed to acquire German chip design company Dream Chip Technologies for up to Rs 400 crore. 4. Easy Home Finance, a home financing startup, has raised $35 million in a funding round led by Claypond Capital and Sumitomo Mitsui Banking Corporation's Asia Rising Fund. 5. Ripplr, a distribution and logistics platform, saw a 39% increase in revenue for the fiscal year ending March 31, 2024, reaching Rs 1,032.43 crore. 6. Bitcoin reached a new all-time high of over $75,000 after early US presidential election exit polls indicated a slight lead for Republican candidate Donald Trump. 7. Search startup Perplexity is in talks to raise new funding that would value the company at $9 billion, reflecting investor enthusiasm in the AI industry. 8. Swiggy, the Indian food delivery firm, has raised $605 million from institutional investors including Fidelity and Norway's sovereign wealth fund, Norges, as part of its $1.35 billion IPO 9. Industry bodies have recommended the use of Digital Radio Mondiale (DRM) and HD Radio as alternatives for All India Radio. 10. Salesforce India profit jumps 40% to Rs 888 Cr, revenue crosses $1B 11. Lenksart, the omnichannel eyewear retailer, reduced its losses by 84% in FY24 to Rs 10.15 crore compared to Rs 63.7 crore the previous year. 12. Car sharing marketplace, Zoomcar, has announced the pricing of a private placement with institutional investors, expecting to raise a total of $9.15 million. 13. Devotional platform Sri Mandir's parent company, AppsForBharat, has announced its first Employee Stock Option Plan (ESOP) buyback worth Rs 2.1 crore. 14. Swiggy, the popular food delivery company, saw a retail subscription of 54% on the first day of its initial public offering (IPO). 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.