Top News of the Day: 1. Google has been under fire in multiple antitrust trials for its internal communications practices. The tech giant has been accused of suppressing evidence, deleting messages, and using attorney-client privilege, etc. 2. Reddit experienced a software flaw that caused a widespread outage, preventing many users from accessing the site. Around 49,000 reports of platform issues were made during the outage 3. The founder of Byju's, the bankrupt Indian tech firm, allegedly attempted to use hidden loan proceeds to secretly repurchase a software company that was taken over by an American trustee. 4. super.money, a fintech platform from the Flipkart Group, has launched superFD, a digital savings product that allows users to book fixed deposits (FDs) in under two minutes through the convenience of UPI. 5. Honasa Consumer, the parent company of Mamaearth, has revealed that its distribution value chain holds an inventory of Rs 40.69 crore 6. Distribution and supply chain company Moksha Group has acquired the assets of B2B consumer electronics startup Arzooo. Details of the deal were not disclosed. 7. Kratos Gamer Network (KGeN), a Web3 gaming startup, has raised $10 million in funding, led by Aptos Labs. 8. Privacy-focused search engine DuckDuckGo has called for additional investigations into Google's compliance with EU regulations. 9. Consumers in metro cities are increasingly shifting from top-up purchases to stock-up purchases on online platforms, according to Kanaka Bhagwat, head of ecommerce at NielsenIQ. 10. Apple is seeking the dismissal of the US Department of Justice's antitrust case, arguing that it has not been proven to have a monopoly on the smartphone market. 11. OneCell Diagnostics, a startup specializing in AI-powered cancer diagnostics, has raised $16 million in a series A funding round. 12. Nvidia disappointed investors with its forecast of slower revenue growth, causing its shares to fall after posting results. 13. Nearly 45% of entrepreneurs who receive seed-stage funding for their startups are second-time founders, according to a report by Jungle Ventures. 14. CredFlow secures $3.7 million in funding from Inflexor Ventures, others 15. Indian stockbroking platform Groww underwent a flip back process from the US to India, resulting in a fair market valuation of under $2 billion, down from its previous $3 billion valuation. 16. Indian billionaire Gautam Adani, chairman of the Adani Group, has been charged by US prosecutors for his alleged involvement in a scheme to pay $250 million in bribes to Indian officials in order to secure favors. 17. Singapore-based ecommerce logistics startup Locad has raised $9m in a pre-Series B funding round to accelerate expansion in Saudi Arabia and the United Arab Emirates. 18. Odoo S.A. announces a €500 million Fundraise, increasing the Belgian Unicorn’s valuation to €5 billion 19. Indian insurtech platform Zopper has secured $25m in a series D funding round, co-led by Elevation Capital and Dharana Capital. 20. PharmEasy, the Mumbai-based online pharmacy, reported a 14.7% decline in revenue for FY2023-24, amounting to Rs 5,664 crore. 21. Mukesh Ambani's Reliance Industries-backed Addverb Technologies has announced plans to launch a humanoid robot next year. 22. Sam Altman seeks investors for chipmaking startup Rain AI 23. BlackBuck’s initial public offering (IPO) continued to prevail during the initial hours of trade on November 18. As of 1:48 PM, BlackBuck’s public offer saw a 53% subscription 24. Elon Musk's artificial intelligence startup, xAI, has reportedly raised $5 billion in a funding round, valuing the company at $50 billion. 25. Ford Motor Co. plans to cut its European workforce by 14%, resulting in the elimination of 4,000 jobs by the end of 2027. 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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