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Top news of the day: 1. The Gross Value of Output (GVO) from the agriculture and allied sector in India increased by 54.6% from FY12 to FY24, reaching Rs 29.49 lakh crore at constant prices, according to the National Statistics Office (NSO). 2. India's foreign exchange reserves decreased by $1.02 billion, reaching $697.93 billion for the week ending June 20, as per the Reserve Bank of India data. 3. Pearson has partnered with Google Cloud to develop AI-powered personalized learning tools for primary and secondary students. 4. Flipkart, owned by Walmart, is leveraging social videos and livestreams to attract young Indian online shoppers. 5. Wakefit, an omnichannel retailer, is moving towards profitability as it gears up for its IPO. It reported a significant reduction in losses, from Rs 145.68 crore in FY23 to Rs 15.05 crore in FY2 6. PhonePe and HDFC Bank have launched a co-branded credit card linked to UPI, targeting India's digitally savvy consumers. 7. PB Fintech's founders, CEO Yashish Dahiya and Vice Chairman Alok Bansal, sold over 1% of their stake for Rs 920 crore through open market transactions. 8. Neer Shakti Systems, a Manipal-based deeptech startup founded by Anant Kapur, addresses India's water crisis using innovative nanobubble technology. 9. Eggoz, a consumer brand for eggs, is raising Rs 125 crore, approximately ($14.7 million) in its Series C round led by Gaja Capital with the participation of existing investors IvyCap Ventures and Redbright Partners. 10. Fashion-tech startup ZILO has secured $4.5 million in seed funding led by Info Edge Ventures and Chiratae Ventures. 11. Google has introduced Doppl, an AI-powered app that lets users visualize outfits on a digital version of themselves. 12. Pine Labs, a Noida-based fintech unicorn, has filed its draft red herring prospectus with SEBI, aiming to raise Rs 2,600 crore via an IPO. 13. Disney and Universal are suing AI startup Midjourney for allegedly reproducing their copyrighted content in what they call a โbottomless pit of plagiarism.โ 14. Shadowfax, a hyperlocal logistics startup, plans to file for an IPO under a confidential route with Sebi. 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.
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