Happy Thursday! Cash-strapped Lendingkart faces a significant valuation cut as it seeks funding from its main shareholder, Fullerton Financial Holdings, potentially reducing its worth from $350 million to $100 million due to rising loan defaults. Additionally, Tata Electronics received a show-cause notice following a fire incident in Tamil Nadu. In earnings news, Licious reported an 8% revenue drop, while BharatPe saw a 39% revenue increase. The government has extended the GPU tender bid deadline to November 12, and India has seen a surge in generative AI startups, with numbers rising to over 240 within a year.