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Top news of the day: 1. The Indian government's $1.2 billion AI Mission offers subsidized access to GPUs for startups, potentially in exchange for a 2-4% equity stake. 2. Teamworks, a sports software company based in Durham, North Carolina, achieved a valuation of over $1 billion following its latest funding round, which secured $235 million. 3. Bengaluru-based NBFC Techfino has secured Rs 65 crore in equity funding led by Stellaris Venture Partners and Saison Capital. 4. Bluestone, a jewellery retailer, is preparing for its IPO with a valuation of approximately Rs 10,500 crore ($1.2 billion). 5. KPMG International has launched KPMG Workbench, a multi-agent AI platform designed to enhance service delivery and client interaction across their Tax, Advisory, and Audit platforms: KPMG Digital Gateway, KPMG Velocity, and KPMG Clara. 6. Elon Musk’s AI startup, xAI, is facing significant financial challenges, burning through $1 billion monthly as it builds advanced AI models. 7. Amazon India awarded $100,000 in equity-free grants to three startups—Auric, ISAK Fragrances, and Fix My Curls—through its Propel Global Business Accelerator Season 4. 8. Ather Energy, an Indian e-scooter manufacturer, announced plans to expand its retail network to 700 centers across India by the end of fiscal 2026. 9. OnePlus has partnered with Optiemus Electronics to manufacture Internet of Things (IoT) devices in India, including True Wireless Stereo products and wireless neckbands. 10. Oben Electric, an electric motorcycle manufacturer based in Bengaluru, has successfully closed an extended Series A funding round, raising a total of Rs 100 crore. 11. Urban Company recorded its first full-year profit of Rs 239.8 crore in FY25, compared to a net loss the previous year, driven by a 38.2% revenue increase to Rs 1,144.5 crore and cost controls. 12. Ola has introduced a zero commission model for drivers, requiring them to pay a monthly fee of INR 2,010, or INR 67 per day, through a 30-day subscription pass. 13. GlobalBees Brands, a subsidiary of FirstCry's parent Brainbees Solutions, faces an insolvency plea by Ashutosh Garg, Paritosh Garg, and Manju Agarwal. 14. Razorpay is expanding its reach by acquiring a majority stake in digital payments startup POP for $30 million, marking its entry into the UPI space 15. Integrated facility management company CLR Facility Services has raised $15 million (approximately Rs 125 crore) from British International Investment (BII), the UK’s development finance institution and impact investor. 16. Physis Capital, the growth-stage venture fund launched by Vinay Bansal, Ankur Mittal, and Mitesh Shah of Inflection Point Ventures, has raised over Rs 200 crore ($23 million) in its ongoing fundraise. 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.