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Top News of the day: 1. Foxconn's revenue in India more than doubled to exceed $20 billion in the financial year 2024-25, driven by increased iPhone production. 2. KreditBee, a lending startup supported by firms like Advent, TPG, and PremjiInvest, has appointed lead bankers for a potential initial public offering (IPO). 3. Bengaluru-based Netradyne, an AI mobility firm, in partnership with Eminent, has developed an AI-powered dashcam system that monitors driver and road behavior in real time, reducing road accidents by up to 50%. 4. Fintech platform Infibeam Avenues Ltd is preparing to launch a global marketplace focused on Agentic AI, according to PTI. 5. Beauty tech startup Kult has secured $20 million in Series A funding from investors, including M3M Family Office, to expand operations and boost sales via its mobile platform. 6. Wall Street banks, led by Morgan Stanley, finally offloaded Twitter's buyout debt from their books. 7. Business-to-business (B2B) Indian sweets brand Scandalous Foods has raised Rs 2 crore in an ongoing seed funding round led by New Age India Fund. 8. Sahil Barua, founder and CEO of logistics company Delhivery, has joined the board of home decor and lifestyle brand Nestasia. 9. Spacetech startup Bellatrix Aerospace is set to raise Rs 26 crore (approximately $3 million) in a pre-Series B round from existing investors including Inflexor Ventures, StartupXseed Ventures, Pavestone VC, Survan Partners, and others 10. In response to U.S. export restrictions and NVIDIA's dominance in AI chips, Huawei is launching the Ascend 910D, an advanced AI processor aimed to rival NVIDIA's H100. 11. The Souled Store, a venture capital-backed pop-culture apparel brand, acquired Redwolf, a pop culture merchandise company. 12. Urban Company’s founders sold shares worth Rs 780 crore in pre-IPO transactions, using part of the proceeds to fund payments for a 2019 rights issue 13. Android laptop brand Primebook raises $2 Mn in pre-Series A 14. BrowserStack co-founders Ritesh Arora and Nakul Aggarwal have donated Rs 100 crore to IIT Bombay to enhance campus infrastructure, particularly upgrading student residential facilities. 15. CollegeDekho secures Rs 40 Cr debt funding from Recur Club 16. D2C healthy food brand Anveshan is raising Rs 29.86 crore (approximately $3.5 million) in its Series A round, led by Wipro Enterprises, with participation from existing investors DSG Consumer Partners, Titan Capital, boAt co-founders Aman Gupta and Sameer Mehta, and AngelList. 17. OpenAI has enhanced ChatGPT's web search with a shopping focus, offering product recommendations with images, pricing, reviews, and purchase links through the GPT-4o model 18. Petjio World, a pet care startup, is seeking $1.5 million in seed funding, engaging with VC firms like Capria Ventures 19. Spotify has paid over $100 million to podcast creators since January to attract more to its platform, competing with YouTube’s dominance in video podcasting. 20. First Games Technology Private Limited, a subsidiary of One 97 Communications Limited, has received a show cause notice from the Director General of GST Intelligence, Delhi (DGGI). 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.