INDIA GOVT: DEFENCE ACQUISITION COUNCIL APPROVES PROPOSALS WORTH 2.38 TRLN RUPEES INDIA GOVT: PROPOSALS INCLUDE TRANSPORT AIRCRAFT, S-400 SURFACE-TO-AIR MISSILE SYSTEMS

X (formerly Twitter) has cut its chief marketing officer and laid off more than 20 nontechnical staff as it streamlines operations ahead of a potential IPO of SpaceX, people familiar said. The moves follow mergers involving xAI and SpaceX and aim to remove overlapping roles and improve profitability. Elon Musk is shifting focus toward revenue growth, with advertising still below prior levels. U.S. ad sales are forecast at $1.27 billion. Leadership has been consolidated under Jon Shulkin and Monique Pintarelli, while the company continues developing its X Money payments service.

WHITE HOUSE OFFICIAL: SMALL BUSINESS ADMINISTRATION IS OPENING UP NEW LOAN GUARANTEES FOR FARMERS AND FOOD SUPPLIERS