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Top News of the Day: 1. Zoho Corporation founder, Sridhar Vembu, criticized Freshworks for laying off employees while prioritizing shareholder buybacks. 2. NPCI Bharat Connect, formerly known as NPCI Bharat BillPay, is developing an interlinked payments platform for small businesses in India. 3. Beats has launched a collaboration with Kim Kardashian, presenting special-edition versions of its Beats Studio Pro headphones and Beats Pill speaker in India. 4. BlackBuck, the truck aggregator platform backed by Flipkart, has set the price range for its IPO at Rs 259 to Rs 273 per share. 5. Elon Musk has shown support for India's decision to allocate spectrum for satellite broadband instead of auctioning it. 6. Yali Capital, a deeptech venture fund, has invested $4 million in C2i Semiconductors, a fabless chip design company focused on analogue and mixed-signal designs. 7. Furlenco’s FY24 Operating Revenue Declines 10%, Net Loss Down 2.3% 8. Bengaluru-based fintech unicorn Razorpay saw a significant increase in profits, with a 365% jump from INR 7.2 Cr to INR 33.5 Cr in the financial year ending on March 31, 2024 9. An investigation by India's Competition Commission has revealed that food delivery giants Zomato and Swiggy breached competition laws by favoring certain restaurant chains listed on their platforms. 10. Edtech unicorn PhysicsWallah, backed by Lightspeed Venture Partners, reported a wider loss of Rs 1,131 crore for the financial year ending March 2023 11. Fintech unicorn Perfios PAT surges over 9X to Rs 72 Cr in FY24 12. Chaayos, a tea cafe chain backed by Tiger Global, has made an investment in a Noida-based cookie maker and retailer during their ongoing funding round. 13. Blue Tokai Coffee Roaster, a premium specialty coffee brand backed by Verlinvest, has recently acquired a bubble tea chain. 14. MapmyIndia has announced a new joint venture with Hyundai AutoEver in Indonesia called PT Terra Link Technologies. 15. MPL's parent M-League turns operating cash flow positive with Rs 157 Cr in FY24 16. Haldiram Bhujiawala raises ₹235 cr from Pantomath’s Bharat Value Fund 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.