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Top news of the day: 1. Nvidia has introduced a new generative foundation model for simulating Earth's climate with unprecedented resolution, allowing for predictions on areas as small as five kilometers. 2. Little Pepe Coin ($LILPEPE), launched on June 10, is a new Layer-2 blockchain-based meme coin focusing on speed and security. 3. Delhivery, a logistics company, has dissolved its UK-based subsidiary, Delhivery Corp, as part of a planned liquidation process. 4. Flipkart has launched a new fulfilment centre in Patna, spanning 4.5 lakh square feet to support over 6,600 sellers in Bihar. 5. India faces a youth unemployment crisis, with 16.1% of young people jobless, doubling the national average. 6. Fintech platform Zype secured Rs 34 crore ($4 million) in debt funding from existing investors Xponentia Capital through Xponentia Opportunities Fund II. 7. Spiritual startup Durlabh Darshan is set to raise $2 million in its first institutional funding round, according to sources familiar with the matter. 8. PlutoPe, a fintech startup offering a non-custodial crypto wallet, has raised $500K in a pre-seed funding round led by Manit Gupta. 9. Kisah Apparels, a men's ethnicwear brand, raised Rs 13 crore in a funding round led by Wow Momo's founder, Sagar Daryani, and Inflection Point Ventures. 10. Oracle shares rose nearly 8% in premarket trading following an increase in its annual revenue forecast, attributed to growing demand for AI-related cloud services. 11. Spanish AI firm Multiverse Computing has secured €189 million ($217 million) from investors including Bullhound Capital, HP Inc, Forgepoint Capital, and Toshiba to advance its AI model compression technology. 12. Former startup executives are increasingly launching their own ventures, with operator-led startups raising $101 million in seed funds in 2024, up 243% from 2023, as per a Tracxn report. 13. Ant Group's overseas unit, Ant International, plans to apply for a stablecoin issuer license in Hong Kong. 14. TotalEnergies has partnered with French AI startup Mistral to enhance its energy business through digital tools aimed at boosting efficiency and reducing environmental impact. 15. India's IPO market is witnessing renewed activity, with over 30 companies, including several SMEs, accessing public markets recently. 16. Shares of One97 Communications, Paytm’s parent company, fell 10% after the Finance Ministry dismissed rumors of reintroducing merchant discount rates (MDR) on UPI transactions 17. Startup accelerator PedalStart has concluded its flagship multi-city offline event series, ‘Founder-Investor Fusion’. The invite-only event brought together over 350 participants across Bengaluru, Hyderabad, Mumbai, and Gurugram, and witnessed the presence of over 220 angel investors and High Net-Worth Individuals (HNIs). 18. Bold Care, a sexual health and wellness brand backed by Ranveer Singh, capitalized on quick commerce trends to reach Rs 100 crore in sales. 19. Used car platform Spinny has expanded its ongoing funding round to $170 million with new backing from WestBridge Capital, according to two sources familiar with the matter. 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.