Top News of the Day: 1. Netflix plans to invest $1 billion in Mexico over the next four years, producing around 20 films and TV series annually. 2. The Karnataka state cabinet approved a Rs 75 crore seed fund to promote startups beyond Bengaluru, addressing the concentration of innovation in the city. 3. WhatsApp, owned by Meta, banned over 8.4 million accounts in India in one month to combat fraud, aligning with IT rules. 4. Elon Musk has pledged to resolve issues with the "Community Notes" feature on his platform, X, which is being manipulated over topics related to Ukraine and President Zelensky. 5. Marketing company Wubba Lubba Dub Dub (WLDD) is in talks to acquire the digital media platform ScoopWhoop from The Good Glamm Group (GGG). 6. Rooftop solar solutions provider SolarSquare recorded a 63.5% year-on-year growth in its operating scale, reaching Rs 175 crore in revenue in the last fiscal year. 7. Sedemac Mechatronics, a deeptech startup incubated at IIT Bombay, is planning a Rs 800 crore IPO as it prepares to go public in 2025. 8. Kerala aims to establish 15,000 startups and create 100,000 employment opportunities by 2026, announced Chief Minister Pinarayi Vijayan at the Invest Kerala Global Summit. 9. Insurtech startup Plum plans a $6 million investment over two years to expand into personal insurance, aiming to cover 10 million individuals by 2030. 10. BluSmart, an EV ride-hailing company, has launched a pet-exclusive service in Delhi and Gurugram, providing electric vehicles for pet travel. 11. One MobiKwik Systems, the parent company of fintech firm MobiKwik, is acquiring 3.39% of the share capital (on a fully diluted basis) of Blostem Fintech. 12. Fintech startup PayRange has acquired Turns, a vertical SaaS startup in the laundry space, for an undisclosed amount. 13. Online gaming company Head Digital Works (HDW), the parent company of gaming firm A23, has acquired Deltatech Gaming, the operator of online poker platform Adda52. 14. PaisaWapas revenue nears Rs 70 Cr in FY24, remains profitable 15. BoAt, a consumer electronics company, plans to confidentially file its Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO), aiming to raise Rs 2,000 crore in FY26. 16. Billionaire investor Ryan Cohen has increased his stake in Alibaba Group to approximately $1 billion, equating to about 7 million shares. 17. Tesla is recalling approximately 380,000 vehicles in the U.S. due to a power steering assist failure in certain 2023 Model 3 sedans and Model Y crossovers. 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.
Download the medial app to read full posts, comements and news.