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Top news of the day: 1. RBI Governor Sanjay Malhotra has warned that the current model of free transactions via the Unified Payments Interface (UPI) may not be sustainable due to the need for financial viability. 2. Ohm Daily, formerly known as Ohm Mobility, has shut down after five years. 3. Airbnb aims to become the all-encompassing app for travel, expanding beyond accommodation to include travel experiences. 4. Eight years after the launch of GST in India, its promise of “One Nation, One Tax” remains unfulfilled as complexities and compliance burdens persist. 5. Microsoft recently announced a reduction of about 4% in its global workforce, equating to around 6,000 jobs. 6. Food delivery platform Swiggy has reshuffled its board of directors as it prepares for its initial public offering (IPO). 7. India plans to triple its current number of 55 satellites in orbit by 2040, according to ISRO Chairman V Narayanan. 8. Spring House Workspaces has launched a 28,000 sq ft co-working center in Saket, South Delhi, with a capacity for 450 seats. 9. HYPHEN, a skincare brand co-founded by actress Kriti Sanon and Pep Brands, achieved an Annual Recurring Revenue of INR 400 crore just two years after launching. 10. Sundar Pichai, CEO of Alphabet Inc., has become a billionaire after a decade leading the company, marking a significant achievement for a non-founder in the tech industry. 11. Venture capital firm Yali Capital has closed its maiden deeptech focused fund at Rs 893 crore (about $103.2 million). 12. Tata 1mg, the digital healthcare platform backed by Tata Digital, continued its growth trajectory in the fiscal year ending March 2025 while straining its losses. 13. BigBasket’s financial performance deteriorated in FY25, with its core B2C unit posting a steep rise in losses even as overall revenue declined. 14. Intel plans to reduce its workforce by over 25,000 jobs by 2025 to manage costs and improve competitiveness in the chip 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