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Top news of the day: 1. Amazon announced the opening of the AWS Asia Pacific (Taipei) Region and plans to invest over $5 billion in Taiwan 2. Digital lending platform Fibe, backed by TPG and TR Capital, is poised to receive new funding from a global investor. 3. Vehicle intelligence company Vecmocon Technologies is raising Rs 74 crore (around $8.7 million) from Aavishkaar Capital and existing investors Ecosystem Integrity Fund (EIF), Blume Ventures, in a mix of primary and secondary transactions. 4. Swiggy’s share value rose 7% after Morgan Stanley rated it ‘Overweight’, citing strong market position, growth in smaller cities, and innovations like Instamart and Swiggy One. 5. Naagin, founded in 2019 by three friends in Mumbai, is redefining Indian hot sauce by using local chillies and bold flavours. 6. Zomato is launching an electric vehicle (EV) rental fleet for its Delhi-NCR delivery partners to promote green deliveries. 7. Procter & Gamble plans to cut 7,000 jobs, about 6% of its global workforce, over two years due to rising costs and reduced consumer demand. 8. L'Oréal is reportedly set to acquire skincare brand Medik8 in a deal valued at approximately EUR 1 billion, according to sources. An official announcement is expected to be made soon. 9. Google's new AI Mode, available in Labs, can create interactive data visualizations to animate financial data related to stocks and mutual funds. 10. Oyo, a global travel tech platform, plans to raise booking revenue share from company-serviced hotels to 44% by fiscal year-end, targeting India and premium property growth. 11. PhonePe has announced an IP purchase of conversational engagement platform Gupshup’s proprietary ‘GSPay’ technology stack for enabling UPI-based payments for feature phones. 12. Y-Combinator-backed fintech startup Decentro has raised Rs 30 crore in its Series B funding round led by InfoEdge Ventures, with participation from Stargazer Growth and existing investors such as Uncorrelated Ventures. 13. Netgear, a US-based networking solutions firm, acquired Bengaluru-based cybersecurity startup Exium to enhance services for managed service providers (MSPs) and small to medium enterprises (SMEs). 14. Healthcare-focused investment firm HealthKois has launched with a target corpus of $300 million, along with a $100 million green shoe option. 15. Upskilling platform Scaler is finalizing a $40 million fundraise, according to people familiar with the matter. 16. Delhi-based hospitality chain Bloom Hotels is set to raise Rs 77.7 crore (around $9 million) in its first funding round of 2025, with participation from Samena Capital Limited and Ikonika Holdings. 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.