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Top news of the day: 1. Gaurav Jain, the Chief Business Officer of social media platform ShareChat, has resigned, according to an update shared by the company’s founder and CEO, Ankush Sachdeva on the company’s Slack channel. 2. The Defence Cyber Agency of India, under the Headquarters of Integrated Defence Staff, launched 'Cyber Suraksha', a comprehensive cyber security exercise. 3. Ride-hailing platforms Rapido, Ola, and Uber have shifted their bike taxi services in Karnataka to courier services after a high court ban. 4. Transactions via UPI will become faster from Monday as the National Payments Corporation of India (NPCI) mandates a reduction in response times to as quick as 10 seconds. 5. Oswal Pumps Limited is launching a ₹1,387 crore IPO to expand production, focusing on solar pump growth under India's PM-KUSUM scheme. 6. Little Pepe (LILPEPE) has generated significant interest in the crypto market, with its presale stage 1 selling out in just three days, raising $500,000. 7. Aspora, a fintech startup focused on serving the Indian diaspora, has secured $53 million in a Series B funding round led by Sequoia Capital and Greylock. 8. Zydus Lifesciences Ltd has appointed Swati Dalal as the Managing Director of Zydus Healthcare Ltd, effective June 16, 2025, for a five-year term. 9. The quick commerce sector in India, dominated by players like Blinkit, Zepto, and Swiggy's Instamart, is experiencing intense competition with new entrants like Flipkart and Amazon. 10. Reliance Jio experienced a significant nationwide service outage affecting mobile internet, JioFiber, and voice connectivity across major Indian cities like Mumbai, Delhi, and Bengaluru. 11. RedBus has appointed Saurabh Agarwal as its new Chief Financial Officer. 12. F&B startup Nuvie raises $450K in pre seed round led by PedalStart F&B startup Nuvie has raised $450K (about Rs 3.8 crore) in its maiden pre seed funding round led by startup accelerator PedalStart, along with participation from Mukesh Bansal (founder of Myntra, Cult.fit, and Nurix), Ayyappan R, Chanakya Gupta, and Arun Sharma. 13. Vodafone Idea faces financial challenges as the Indian government closes the door on additional equity conversions to assist the company. 14. Arun Srinivas has been appointed as the managing director and head for Meta in India. 15. The National Company Law Tribunal (NCLT) has approved Meesho’s move to shift its headquarters back to India from Delaware in the US, taking it a step closer to its initial public offering (IPO). 16. Lending and wealth service provider InCred Money is set to acquire trading platform Stocko for Rs 300 crore ($35 million). 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.