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Top News of the Day: 1. Australia fines Telegram for delay in answering child abuse, terror questions 2. Meta recently laid off 3,600 employees and announced significant bonuses for its executives, increasing them to 200% of their base salary. 3. Hornbill Capital, backed by Orchid Asia, has placed a $200 million bid to invest in stock trading platform Dhan at a $1.25 billion valuation. 4. India should just fine-tune the AI models that exist: Groq CEO Jonathan Ross 5. Australian software maker WiseTech Global saw its shares fall 18% after four non-executive directors resigned due to differing views on the role of founder Richard White. 6. Peak XV and Tiger Global-backed fintech firm Progcap has scaled more than 5X in the last two fiscal years, from Rs 26 crore in FY22 to Rs 139 crore in FY24 7. Veranda Learning acquires 40.41% Stake in BB Virtuals and 65% in Navkar Digital 8. VentureX Fund by Planify, an SME-focused Alternative Investment Fund (AIF), secured Rs 100 crore shortly after its launch, reflecting increased investor confidence in SME opportunities. 9. Zoho's Sridhar Vembu criticized DocuSign as a bloated and overpriced company, highlighting the inefficiency with its large workforce of 6705 employees for digital signature software 10. Quick commerce platform KiranaPro has roped in PV Sindhu, India’s badminton player, as both an investor and brand ambassador. 11. Sourcing platform Geniemode raises $50 mn led by Multiples PE, others. 12. Approximately 70 Indians were rescued from KK Park, a cybercrime hub in Myanmar, by the country's armed forces and relocated to Mae Sot, Thailand. Indian authorities are coordinating their return. 13. CVC has agreed to sell a 54% stake in Healthcare Global Enterprises (HCG) to investment firm KKR for up to $400 million. 14. Fintech unicorn Oxyzo has secured Rs 100 crore (approximately $12 million) in debt from AK Capital Finance, a subsidiary of merchant banker A.K. Capital Services Ltd. 15. BluSmart Repays Rs 30 Crore of Debt After Default Scare 16. Hornbill Capital, backed by Orchid Asia, has placed a $200 million bid to invest in stock trading platform Dhan at a $1.25 billion valuation. 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.