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Top news of the day: 1. Indian Snack House, a clean-label D2C brand founded in 2023 by Rajakumaran and Anbarasan, raised Rs 2.2 crore in a pre-seed funding round led by Titan Capital. 2. India's production-linked incentive (PLI) schemes have attracted Rs 1.76 lakh crore in investments and generated over Rs 16.5 lakh crore in output, creating 12 lakh jobs by March 2025 3. Vadodara-based Sudeep Pharma is planning to raise funds through an initial public offering (IPO) by filing draft papers with India's market regulator, Sebi. 4. The Indian rupee closed slightly weaker at 86.0775 against the U.S. dollar, down 0.1% from the previous session, due to month-end importer dollar demand and slight weakness in the offshore Chinese yuan. 5. Sthyr Energy, a deep-tech startup founded by IIT Madras researchers, secured $1 million in seed funding from Speciale Invest and Antares Ventures. 6. New Zealand's Xero, an accounting software firm, plans to acquire US fintech company Melio for $2.5 billion. 7. Fine jewellery brand GIVA secured Rs 530 crore in a Series C funding round led by Creaegis, with continued support from existing investors. 8. Bengaluru-based stock trading platform Sahi has raised $10.5 million in a funding round led by Accel and Elevation Capital. 9. Defence-tech startup Armory has raised Rs 13 crore (around $1.5 million) in a funding round led by GrowX Ventures, with participation from Industrial 47, Antler, AC Ventures, Dexter Ventures, and several angel investors. 10. Reliance Brands, a luxury subsidiary of Reliance Retail, is merging operations with its parent company to enhance efficiency as part of a broader consolidation strategy 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.