Two leaders, a packet of Parle’s iconic caramel-chocolate toffee and a viral reel. Parle Industries shares climbed 5% intraday to Rs 5.25 after Prime Minister Narendra Modi gifted a packet of Melody toffee to Italian Prime Minister Giorgia Meloni during his visit to Rome. There is a catch. Parle Industries doesn’t make toffee or biscuits. Parle Products, on the other hand, does. The Mumbai-based FMCG major, behind Parle-G, Monaco, Hide & Seek, Mango Bite, is privately held so there are no shares to buy. The toffee, however, was out of stock on popular grocery delivery platforms like Blinkit and Instamart. Moving on, payments infrastructure startupPrimerhas raised $100 million in a Series C funding round led by Sofina, as the company bets that artificial intelligence will fundamentally reshape how enterprises manage payments and financial operations. The round also saw participation from Peak XV Partners and existing investors including Accel, Tencent, ICONIQ Capital, Balderton Capital, and Speedinvest. Lastly, the future ofguitar manufacturingrests on Elephant dung, which, reportedly, is disappearing. According to an article in CNN, elephants, which are critical in the growth of ebony trees, are disappearing from the Congo basin due to loss of habitat. Dense, durable and smooth, ebony, with its mirror-like finish has long been used to make guitars. In today’s newsletter, we will talk about Here’s your trivia for today: Which brand of soda was the second to be produced by The Coca-Cola Company? The recent deaths of two young women, allegedly by suicide, have once again put the spotlight on India’s deepening dowry crisis. Thirty-three-year-old Twisha Sharma was found dead at her husband’s home in Bhopal on May 12, while Deepika Nagar died after falling from the balcony of her home in Noida on May 17. In both cases, allegations of dowry harassment have intensified public scrutiny around a crisis that continues to claim thousands of lives every year. Ola Electric Mobility Ltd narrowed its quarterly net loss by nearly half from a year earlier and generated positive operating cash flow for the first time, even as revenue continued to slide. The company posted a consolidated net loss of Rs 500 crore for the quarter ended March 31, down 42.5% from a loss of Rs. 870 crore in the same period a year earlier. Which brand of soda was the second to be produced by The Coca-Cola Company? We would love to hear from you! To let us know what you liked and disliked about our newsletter, please mail[email protected]. If you don’t already get this newsletter in your inbox,sign up here. For past editions of the YourStory Buzz, you can check ourDaily Capsule page here.
