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Top News of the Day: 1. The Pentagon has added Tencent, a major Chinese social media and gaming company, to its list of Chinese military businesses operating in the U.S. 2. Zomato shares fell nearly 5% after Jefferies downgraded them to "hold" from "buy," cutting the target price to Rs 275 due to concerns over rising competition in the quick commerce sector. 3. Larsen & Toubro (L&T) announced securing large orders, valued between Rs 2,500 crore to Rs 5,000 crore, in both domestic and international markets. 4. Vehant Technologies, an AI-based security and surveillance provider, has raised $9 million through non-convertible debentures from True North's Private Credit fund. 5. Electric tractor technology company Moonrider has raised a seed round of $2.2 million (Rs 19 crore), co-led by AdvantEdge Founders and Micelio Technology Fund, along with a group of angel investors. 6. Mobikwik, a fintech app, reported a Rs 3.3 crore loss in the September quarter, contrasting with a Rs 5.9 crore profit last year. Its operational revenue rose 43% to Rs 289 crore. 7. Energy-tech startup EMO Energy has raised $6.2 million in its Series A funding round, led by Subhkam Ventures 8. ShareChat’s revenue from operations grew 29.9% to Rs 718.1 crore during the fiscal year ending March 2024 as compared to Rs 552.73 cr 9. Sports startup KIBI Sports has raised $100,000 in a pre-seed funding round from angel investors such as Saurabh Aggarwal, Arpit Bhardwaj, Vartika Joshi 10. Myntra has partnered with GetVantage to boost support for select direct-to-consumer (D2C) brands through its D2C Rising Star initiative. 11. Microsoft CEO Satya Nadella announced a $3-billion investment to boost India's cloud and AI capabilities, expanding Azure capacity. 12. Blume Ventures leads $3.4 Mn round in Zoplar 13. Britain's anti-trust regulator, the Competition and Markets Authority (CMA), will start two investigations using new powers targeting major tech firms this month. 14. Swedish fashion retailer H&M is relocating its Indian headquarters from Delhi-NCR to Bengaluru to leverage 15. Aakash Institute, part of Byju's, seeks National Company Law Tribunal's nod to amend its Articles of Association, aiming to remove minority shareholders’ rights and empower Ranjan Pai’s Manipal Group. 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.