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Top news of the day: 1. Zomato's parent company, Eternal, is ending its quick food delivery service, consolidating it under Blinkit’s Bistro, focusing on in-house kitchens across major Indian cities. 2. A91 Partners and TPG NewQuest are reportedly in advanced discussions to acquire a stake in a value fashion retailer, which already has two private equity firms as investors. 3. Priority Jewels Ltd has filed initial papers with India's SEBI to launch an IPO of 54 lakh equity shares, aiming to raise Rs 75 crore for debt repayment and general purposes. 4. Good Glamm Group has delayed April salaries and is yet to settle dues for former employees due to a cash crunch as fundraising is pending. 5. GenWise, an app-based online club for elders and senior citizens, has undergone layoffs across various departments, according to sources. 6. Digital lending company DMI Finance has expanded its existing ESOP plan, DMI ESOP Plan 2018- Extended, by granting additional employee stock options to its employees. 7. Tata Consultancy Services (TCS) has cut senior employees' variable pay for three consecutive quarters, initially linking it to office attendance. 8. Evera Cabs (Prakriti Mobility) has initiated the repossession of 500 electric cabs formerly operated by BluSmart, following the latter’s operational suspension in key metros. 9. Alt DRX, a Bengaluru-based startup working on tokenised digital real estate, has raised Rs 23 crore ($2.7 million) in a funding round from institutions including Qatar Development Bank, WeFounder Circle Angel Fund, and nX Capital 10. Storage solutions startup Store My Goods has raised Rs 4 crore (approximately $460K) in a growth funding round led by JITO Incubation and Innovation Foundation (JIIF) and family offices. 11. Lifechart’s Guttify secures $360K from Unichem Labs’ Family Office Lifechart, a health-tech startup focused on gut wellness, has raised $360,000 in an extended seed round for its gut health brand Guttify, led by Prajay Advisors, the family office of the founders of Unichem Labs, Prakash Mody and Jayendra Shah. 12. 91Trucks, an online platform specializing in commercial vehicle listings, raised Rs 42.9 crore ($5 million) in its Series A round led by Arkam Ventures with the participation from Titan Capital and others. 13. Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures 14. Elon Musk sparked intrigue by changing his X handle to "Gorklon Rust," seemingly referencing Grok, the AI chatbot from xAI, and Rust, a programming language involved in xAI's infrastructure. 15. Battery Smart, a battery-swapping network for electric two- and three-wheelers, recorded a three-fold increase in revenue for the fiscal year ending March 2024. 16. Agnikul Cosmos, born at IIT Madras, is revolutionising space tech in India with its 3D-printed rocket engines and modular launch vehicle, Agnibaan. 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.