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Top news of the day: 1. India experienced a surge in DRHP filings to a decade-high in early 2025, indicating strong intent for public listings. 2. Aakash Educational Services (AESL) has accused EY of conflict of interest in its dispute with BYJU'S, alleging EY's dual advisory roles to both companies amid a governance row post-BYJU'S acquisition attempt. 3. Seed-stage venture capital firm Titan Capital has launched a specialised investment vertical to fund startups innovating in India’s defence and strategic technology space. 4. Axis Asset Management Company (Axis AMC) has raised $86 million for its second private credit fund, Axis Structured Credit AIF II, falling short of the Rs 1,250-crore hard cap 5. PAG, a prominent Asia-Pacific-focused private equity firm managing over $3 billion in Indian assets, has enlisted a fourth co-investor for a significant control-oriented deal secured earlier this year. 6. Builder.ai, a UK-based AI startup backed by Microsoft and Qatar Investment Authority, is filing for bankruptcy after a lender, Viola Credit, seized $37 million of its $50 million debt, leaving only $5 million 7. Consumer tech firm Glance has launched Glance AI, a generative AI-native commerce platform that aims to reinvent how consumers discover and shop online. 8. Data Sutram, a Kolkata-based B2B SaaS firm focused on the BFSI sector, raised $9 million in Series A funding led by Lightspeed Venture Partners and B Capital. 9. Walmart plans to cut around 1,500 corporate jobs as part of a restructuring initiative to streamline operations. 10. Shiprocket, backed by Zomato and Temasek, has confidentially filed for an IPO with Sebi, aiming to raise INR 2,000-2,500 crore. 11. Klarna experienced a 17% increase in credit losses, amounting to $136 million in the first quarter of 2025, as more Americans find it challenging to repay buy now, pay later (BNPL) loans. 12. Bajaj Auto plans to take control of KTM AG through an 800 million euro ($906.2 million) debt package to revive the ailing Austrian motorcycle maker. 13. Promethean Energy, a cleantech startup focused on decarbonising industrial heating, has raised $2 million in its pre-Series A round led by Transition VC, with participation from Sangam Venture, Sagana Capital, and Fondation Botnar. 14. Fintech startup super.money partnered with Axis Bank to launch a new co-branded credit card, offering 3% cashback on UPI QR code transactions via their app and 1% on other spending, with no annual fees. 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.