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Top News of the day: 1. Spotify announced it paid $10 billion in royalties in 2024, marking its largest annual payout to the music industry. 2. Allo Health, a sexual wellness startup founded by former Ola executive Pranay Jivrajka, raised Rs 16 crore in a funding round led by Zerodha's Rainmatter. 3. Brigade Group-sponsored Earth Fund’s managing partner steps down 4. Ola Electric, backed by SoftBank, has implemented a cost-cutting program saving approximately 900 million rupees ($10.3 million) monthly. 5. Alvarez & Marsal (A&M) India has appointed Sameer Singh Ahluwalia as managing director to bolster their GCC/GBS advisory business. 6. Cornerstone Ventures, a VC firm specializing in the SaaS sector, has successfully exited a four-year-old portfolio company from its first fund. 7. AmpereHour Energy raised $5 million in a Series A funding round led by Avaana Capital, aiming to expand its energy storage solutions and R&D efforts. 8. Elara Securities has rated ZEN Technologies Ltd as a 'Buy,' setting a target price of Rs 1,535, offering over 30% upside potential. 9. Upskilling Platform Weskill has raised an undisclosed amount in a pre-seed funding round at a valuation of Rs 40 crore from HNIs and Strategic Investors. 10. Solar energy solutions provider Loom Solar has achieved around three-fold growth in its operating revenue during the last fiscal year. 11. Meta is testing its first in-house AI training chip with TSMC to reduce reliance on Nvidia. 12. Tata Motors shares rebounded from a 52-week low of Rs 606.20 on March 3, 2025, reaching an intraday high of Rs 671.80, marking an 11% recovery 13. Deepinder Goyal, CEO of Zomato, and former COO Surobhi Das have entered the aviation sector with LAT Aerospace, aiming to develop a low-cost, 24-seater short takeoff and landing aircraft. 14. Unicommerce promoters Kunal Bahl and Rohit Bansal have increased their stake in the Softbank-backed SaaS firm by acquiring 93,500 shares for approximately Rs 1 crore, bringing their total share to 10.85%. 15. Google has proposed minor changes to address a ruling that it illegally held a monopoly over online search. 16. Lightchain Protocol AI is an emerging blockchain innovation that combines artificial intelligence (AI) and advanced blockchain technology. 17. Early-stage investor Stellaris Venture Partners plans to invest in 25-30 startups over the next three years, focusing on technology-enabled spaces. 18. Personal care and beauty brand mCaffeine consistently grew its revenue year-on-year until FY23, rising from Rs 40 crore in FY20 to Rs 205 crore in FY23. 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.