Back

Top News of the day: 1. VCs Take Backseat as Indian Start-Ups Raise $5.3 Bn from Public Markets in FY25 2. Figma’s Dylan Field will cash out about $60M in IPO, with Index, Kleiner, Greylock, Sequoia all selling 3. 72% of US teens have used AI companions, study finds 4. Grok's AI companions, known for their raunchy responses, have increased app downloads, but it’s the new Grok 4 model driving revenue. Launched by Elon Musk’s xAI, Grok 4 boosted gross revenue by 325% 5. AI models from OpenAI and Google DeepMind both achieved gold-medal scores in the 2025 International Math Olympiad (IMO), highlighting rapid advancements in AI capabilities. 6. Rare earths shortage hits Apple vendor Foxconn's AirPods unit 7. A major cyber espionage operation targeted Microsoft SharePoint servers, compromising about 100 organizations, mainly in the U.S. and Germany, including government bodies. 8. India's software-as-a-service (SaaS) sector surpassed $15 billion in annual revenue for FY24, with 36 companies achieving over $100 million in annualised recurring revenue, as per a report by JM Financial 9. New-age travel accessories platform Escape Plan raises $5 million from Jungle Ventures, Fireside Ventures 10. ED Summons Rana Daggubati, Vijay Deverakonda, Others For Promoting Illegal Betting 11. Interior designing company Bonito Designs is set to raise Rs 81 crore (approximately $9.5 million) from its holding company Tomorrow Capital. 12. India returned to human spaceflight after 41 years with Group Captain Shubhanshu Shukla's mission to the International Space Station (ISS) aboard the Axiom Space mission 13. India's online commerce sector is projected to grow from $30 billion in 2020 to $300 billion by 2030, backed by technology advances, demographic factors, and supportive policies, says a Bessemer Venture Partners report. 14. Bengaluru-based fitness startup ApClub has raised Rs 2 crore in its maiden pre-seed funding round led by Curefit Healthcare 15. FuriosaAI, a Seoul-based startup, has secured its first major contract with LG AI Research, using its AI chip, RNGD, for LG’s Exaone large-language models. After rejecting an $800 million acquisition offer from Meta 16. Tesla CEO Elon Musk acknowledged a shift in his perspective on artificial intelligence, admitting he resisted its adoption but is now fully engaged. 17. Eternal Ltd. (formerly Zomato) posted a strong Q1 FY26 with revenue surging 70% year-on-year to Rs 7,167 crore 18. Tesla's retro-futuristic diner officially opens as Elon Musk hints at more locations 19. A fire at a data center used by Elon Musk's X in Hillsboro, Oregon, started within a power cabinet due to an electrical or mechanical failure. 20. Fintech firm Paytm announced its financial results for the first quarter of the ongoing fiscal year (Q1 FY26) on Tuesday. The Noida-based company reported a revenue of Rs 1,918 crore and a net profit of Rs 123 Cr. 21.Milky Mist posts Rs 2,349 Cr revenue in FY25, profit jumps over 2.4X 22. Costco Enters India with 1000 Jobs, Opens Tech Hub in Hyderabad 23. Eternal tops Rs 3 lakh crore market cap, surpasses Wipro, Tata Motors & other Nifty50 giants 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.