Back to feeds

Top News of the Day: 1. TikTok and its parent company, ByteDance, have urgently requested the US Supreme Court to block the government's ban on the social media platform. 2. Indian software services firm Wipro has agreed to acquire US-based Applied Value Technologies (AVT) for $40m. 3. Global private equity firm KKR is set to invest in cloud kitchen operator Rebel Foods, joining Singapore's Temasek on the company's cap table. 4. Zomato's global finance head, Hemal Jain, will be leaving the company by the end of January 2025 to pursue other opportunities. 5. Antler India plans to increase its investments in early-stage startups, with the aim to close about 50 deals in 2025. This comes as a positive sign for the Indian startup ecosystem, which has seen a slowdown in early-stage funding. 6. Jaipur-based micro venture capital firm, Warmup Ventures, has launched its second investment vehicle, Warmup Fund II, with a target corpus of $35.3 million. 7. The non-performing assets (NPAs) of India's peer-to-peer lending entities have more than doubled to INR 1,163 crore at the end of fiscal year 2024, according to Capitalmind Financial Services. 8. Following a two-fold growth in FY23, over-the-top (OTT) platform Ullu recorded a modest 7% year-on-year revenue increase for the fiscal year ending March 2024. 9. Fitness tech company Cult.fit underwent a key leadership change in FY24 after promoting co-founder Naresh Krishnaswamy to CEO. 10. SpaceX's successful test flight of the Starship overshadowed the launch of the Europa Clipper, an interplanetary probe searching for signs of life. 11. Nazara Technologies Limited has acquired 1,000 equity shares of Next Wave Multimedia and increased its equity holding in the latter to 74.88% from 71.88%. 12. AI meeting assistant for wealth management firm Mili has raised $2 million in its seed round led by Chiratae and BoldCap with participating investors Sparrow Capital, SFMG Wealth Advisors, Gregg Fisher 13. Warmup Ventures has launched its second fund, Warmup Fund II, a SEBI-registered Category 2 AIF, with a corpus of Rs 300 crore. 14. OpenAI has expanded its ChatGPT-powered internet search to all users, allowing them to access up-to-date information with links to relevant sources. 15. Indian food delivery app, magicpin, has launched its 15-minute food delivery service, magicNOW, after successful tests in Delhi and Bengaluru. 16. Healthtech firm Crown Veterinary Services (Crown Vet) has raised undisclosed funds from Mars Veterinary Health. 17. 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.