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Top News of the Day: 1. Reliance posts record Rs 21,930 Cr profit as Jio, retail fuel growth 2. Netradyne, a SaaS provider of artificial intelligence (AI) and edge computing, has raised a $90 million Series D round led by Point72 Private Investments, with participation from Qualcomm Ventures 3. Food tech giant Zomato has invested Rs 500 crore (nearly $60 million) in its quick commerce subsidiary, Blinkit, bringing its total investment in the quick commerce segment to Rs 2,800 crore since the acquisition. 4. Foxtale, a direct-to-consumer (D2C) skincare brand, reported Rs 83 crore of revenue in its third full fiscal year, which ended in March 2024. 5. Aerospace and defence tech startup Constelli has raised $3 million in a pre-Series A funding round led by Pravega Ventures. 6. India is expected to surpass 900 million internet users by 2025, driven largely by rural areas experiencing a growth rate twice that of urban regions. 7. Zepto, a quick commerce unicorn, has tripled its annualised gross order value to $3 billion in eight months, with revenue for FY24 doubling to Rs 4,454 crore. 8. Spencer’s Retail, the retail division of the RP Sanjiv Goenka group, has entered the quick commerce market with its new venture, Jiffy. 9. Inflection Point Ventures (IPV) has announced its exit from Parablu, achieving a 2.2X MoM return over 36 months and delivering over 30% IRR for its investors. 10. Blinkit has set up a temporary 100 sq ft store at the Maha Kumbh Mela in Prayagraj to cater to tourists and pilgrims 11. Musk's Starship explodes in space in 7th flight test, video shows its remnants in sky 12. OpenAI whistleblower Suchir Balaji's mother Poornima Rao said her son had documents against OpenAI and that is why they killed him. 13. Bounce launches 15-min charge scooter at Bharat Mobility Expo 14. Pixxel, an Indian space tech startup, launched Firefly, India's first private hyperspectral satellite constellation, with three satellites via a SpaceX rocket. 15. Duolingo sees 216% spike in US users learning Chinese amid TikTok ban and move to RedNote 16. Homegrown private equity firm Kedaara Capital has made an investment of $350 million in Impetus Technologies, a leading data, analytics and enterprise AI solutions provider. 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.