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Top News of the day: 1. Good Glamm Group is experiencing financial difficulties, leading to delayed salaries for April and May 2025 2. Bessemer Venture Partners appoints Pankaj Mitra as Partner 3. Former Tesla executive Drew Baglino's startup, Heron Power Electronics Co., has signed preliminary deals, including with Crusoe, to address AI infrastructure challenges and transformer shortages. 4. Elon Musk's Starlink is set to receive approval to operate in India, with a Letter of Intent already issued. The company awaits clearance from the Indian National Space Promotion and Authorisation Centre. 5. Zepto's Senior VP for Private Brands, Vivek Prasad, resigned and joined Apollo Brands as President, amid Zepto's $1 billion IPO preparation. 6. A movie titled "Artificial" is being developed by Amazon MGM Studios about the dramatic events at OpenAI in 2023, where CEO Sam Altman was fired and rehired within a week. 7. Zepto, the quick commerce company, has reportedly postponed its plans to launch an initial public offering (IPO) to 2026. 8. Lab-grown diamond jewelry brand True Diamond has raised Rs 26 crore ($3 million) in a pre-Series A funding round led by India Quotient 9. The Madras High Court upheld Tamil Nadu's restrictions on real money games, including a ban on gameplay during midnight to 5 am and mandatory Aadhaar verification. 10. Volkswagen plans to cut 35,000 jobs by 2030 due to cost-cutting and Trump tariffs impacting the German auto sector. 11. Crypto exchange CoinDCX is facing a fresh round of exodus at the top level, with multiple senior executives set to exit the company 12. Fresh produce startup Handpickd (formerly Sorted) is raising Rs 21.7 crore in an extended seed round led by Nitin Gupta and Genesia Ventures 13. Flipkart exits Aditya Birla Fashion and Retail in Rs 582 crore bulk deal 14. Microsoft offers to boost European governments' cybersecurity for free 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.
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Defence - Rs 4,91,732 crore Rural Development - Rs 2,66,817 crore Home Affairs - Rs 2,33,211 crore Agriculture - Rs 1,71,437 crore Education - Rs 1,28,650 crore Health - Rs 98,311 crore Urban Development - Rs 96,777 crore IT and Telecom - Rs 96,298 c
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Deepinder Goyal-led Zomato's revenue rose 74% year-on-year to Rs 4,206 crore in Q1FY25. Meanwhile, the company's net profit jumped to Rs 253 crore. During the same quarter last year, Zomato posted a net profit of Rs 2 crore and a revenue of Rs 2,
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