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Top News of the Day: 1. Fintech firm Infibeam Avenues Ltd's UAE subsidiary has reorganized its shareholding structure ahead of its listing to amplify its digital payment strategy, as stated in a stock exchange filing. 2. DSP Mutual Fund has acquired Volt Money, a platform providing instant secured loans against mutual funds, according to three sources aware of the development. 3. Rusk Media, a digital entertainment company, is raising Rs 74 crore (approximately $8.5 million) in its Series B round led by Woori Venture Partners, with the participation of New Emerging Technologies Fund, LC Nueva Investment Partners, and other investors. 4. In FY24, the median salary of 54 founders from 30 tech startups in India fell 25.4%, from ₹7.3 crore in FY23 to ₹5.44 crore. 5. Zomato shareholders have approved a resolution to rename the company as Eternal Ltd. 6. Amit Aggarwal, the Principal at Elevation Capital, has decided to step down after serving four years at the venture capital firm, sources aware of the development told Entrackr. 7. Nippon Life Insurance's India unit is reportedly interested in acquiring a minority stake in IndusInd Bank, aiming for up to 9.9%, with an initial purchase of 4.9%, according to Bloomberg. 8. Sun Pharmaceutical Industries announced the acquisition of U.S.-based Checkpoint Therapeutics for $355 million, aiming to bolster its oncology and immunotherapy portfolio 9. Hangyo Ice Cream secured India's largest venture funding for an ice cream brand, raising $25 million from Faering Capital in August last year. 10. ChrysCapital, a prominent Indian private equity firm, is reportedly in advanced talks to invest in a contract manufacturer specializing in electronics and household appliances. 11. Ola Electric Mobility shares fell 5% following reports of regulatory raids and seizures 12. GAWA Capital, a European impact investment firm, has achieved the first close of its new fund. 13. Nvidia's Vishal Dhupar emphasizes India's need to increase its compute power consumption from 0.5% to the global average of 3%. 14. India's leading gaming associations have launched a joint 'Code of Ethics' to establish responsible gaming standards for real-money gaming operators. 15. Underrepresentation of women in AI risks embedding societal biases in future technologies, warns Microsoft executive Himani Agrawal. 16. Playbook Partners plans to invest $20 million each in 12-15 companies over the next two years, focusing on sectors like SaaS, E-commerce, Healthtech, and ClimateTech. 17. Rapido, a ride-hailing app, plans to expand to 500 more cities in India, capitalizing on the significant mobility opportunity. Cofounder Pavan Guntupalli highlighted the app's current 33 lakh daily rides and its leadership in the two-wheeler and emerging three-wheeler and four-wheeler markets. 18. Microsoft is reportedly developing its own AI reasoning models to compete with OpenAI, The Information reported. The company is reportedly also testing models from xAI, Meta and DeepSeek as possible replacements for OpenAI's technology in Copilot 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.