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Top news of the day: 1. PRO FX Tech Limited announced a ₹40.30 crore IPO on the NSE Emerge platform, specializing in AV products. 2. Meesho has completed the reverse flip, relocating its domicile to India ahead of its planned IPO. 3. Paper Arizona, a B2B marketplace for paper, pulp, and packaging products, plans an IPO in the second half of 2026. 4. ideaForge Technology secured a Rs 137 crore order from the Indian Army for hybrid mini unmanned aerial vehicles (UAVs) systems via emergency procurement. 5. Snowcap Compute, a startup developing AI computing chips with superconducting technology, secured $23 million in funding and announced that former Intel CEO Pat Gelsinger will join its board. 6. Zerodha co-founders Nikhil and Nithin Kamath have invested Rs 250 crore to acquire a minority stake in InCred Holdings ahead of its IPO. 7. Hellobike, China's bike-sharing platform, has partnered with Ant Group and CATL to establish a new robotaxi company, with an initial investment exceeding 3 billion yuan ($417.40 million) 8. Dutch technology investor Prosus is delaying the IPO of Indian digital payments and lending firm PayU this year to focus on improving the business over the next six to twelve months, according to Prosus's Chief Financial Officer Nico Marais. 9. PayU India's payments business achieved breakeven in H2 FY25, with a 12% revenue increase to $498 million, underpinned by existing merchant penetration and expanded value-added services. 10. The ride-hailing industry is shifting away from commission-based models due to driver dissatisfaction and low earnings. 11. PhonePe, a Walmart-backed Indian fintech company, plans to raise up to $1.5 billion through its initial public offering (IPO), potentially valuing the company at nearly $15 billion, according to a Bloomberg report. 12. Prosus, a Dutch technology company, reported a 47% increase in core headline earnings for the fiscal year ending March 31, 2025, reaching $7.4 billion compared to $5.0 billion in FY24. 13. EKA Mobility has secured Rs 200 crore from ENAM Holdings to advance its manufacturing capabilities and product portfolio. 14. OpenAI has removed promotional materials regarding its $6.5 billion deal to acquire designer Jony Ive's startup io due to a court order following a trademark complaint from iyO over the use of the name "io." 15. The valuation of HDB Financial Services, a subsidiary of HDFC Bank, was sharply lower in its IPO compared to its previous unlisted market value, impacting retail investor interest in pre-IPO shares. 16. PharmEasy co-founders Dharmil Sheth, Dhaval Shah, and Hardik Dedhia have launched 'All Home,' a venture targeting the home improvement and interior design market. 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.