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Top news of the day: 1. The Andhra Pradesh government, in collaboration with Cyient Foundation and the All India Council for Technical Education (AICTE), has signed an agreement to enhance the startup ecosystem and entrepreneurial skills in the state. 2. The microfinance sector in FY25 witnessed significant declines, with equity capital of microfinance institutions dropping by 1.8% and borrowing plummeting by 36%. 3. Meta India public policy head Shivnath Thukral will be stepping down from his role at the end of this month. 4. Bharti Airtel has implemented an advanced AI-powered fraud detection system, blocking over 180,000 malicious links and protecting 3 million users within 25 days of launch. 5. Meta and TikTok are contesting EU supervisory fees under the Digital Services Act, claiming the fees are disproportionate and based on flawed calculations. 6. The Indian government is considering reintroducing merchant charges on Unified Payments Interface (UPI) transactions over Rs 3,000 to enhance revenue streams. 7. Lenskart plans to confidentially file its draft red herring prospectus (DRHP) for a $10-billion IPO with the Securities and Exchange Board of India (SEBI) by the end of the month. 8. Jewellery brand GIVA raised Rs 450 crore in Series C funding led by Creaegis Investment and existing backers, including Premji Invest and Epiq Capital, reaching a valuation of Rs 3,950 crore. 9. Piston, a payments startup, has raised $6.1 million in seed funding led by Spark Capital, with additional support from Pear VC and BOND, totaling $7.5 million in funding. 10. Credgenics, a debt collection platform, saw its net profit triple to Rs 25 crore in FY25, driven by increased demand for efficient recovery methods amid rising defaults. 11. Buy now pay later startup Snapmint is negotiating a new funding round to the tune of $40 million, according to sources aware of the deal. 12. Apna.co has launched AI Job Prep, an AI-driven interview preparation tool to address India's job market readiness gap. 13. Machaxi, a Bengaluru-based sports-tech startup focused on grassroots coaching and digital sports infrastructure, has raised $1.5 million in a funding round led by Rainmatter, the investment arm of Zerodha, with participation from badminton legend Prakash Padukone and existing investors. 14. Deeptech manufacturing startup Leumas has raised $2.2 million in a seed funding round led by Capital 2B, a deeptech-focused fund backed by Info Edge and Temasek, along with participation from Capital-A and Anicut Capital. 15. Pine Labs, a merchant payments and lending firm, plans to file its draft red herring prospectus (DRHP) with SEBI by June, aiming for a Rs 5,000-6,000 crore IPO, targeting a $4-5 billion valuation. 16. Wealthtech startup PowerUp Money has raised $7.1 million in its first institutional funding round, led by Accel, Blume Ventures, and Kae Capital, with participation from 8i Ventures and DeVC. 17. Drone startup Garuda Aerospace raised $1 million in funding from Narotam Sekhsaria Family Office and WFC. The funds will enhance manufacturing capacity, expand R&D, and boost export presence globally. 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.