Apple's march from $2 trillion to near $3 trillion in market cap took just 16 months, as it led a group of megacap tech firms like Google and Amazon that benefited from people and businesses relying heavily on technology during the pandemic.
Meta Platforms Inc., the owner of social media network Facebook, is behind a $60-million deal to acquire the trademark assets of US regional bank Meta Financial Group.
Intel intends to invest 30 billion ringgit on shoring up its advanced chip packaging capabilities in the island state of Penang, at a time when the United States is advocating domestic production.
Wants 1-2 strategic investors before tapping PEs, SWFs for $2.5 b funding
Grofers to deliver non-grocery in 10 mins too, aims $1 billion annual GMV run-rate by March 2022
Tata is in talks to bring in Microsoft as an anchor investor for its new digital platform.
Jaisingh said a declaration is sought by the drivers or delivery workers that they are workmen under the schemes of the Unorganised Workers Act and all the social welfare schemes, meant for the workers body. The benefits for workmen of unorganised sectors be made available to them as well, she said. She referred to a judgment of the Supreme Court of the United Kingdom and said the job contracts were analyzed and found that the persons employed with Uber were actually workmen.
Deliveries in 10 to 20 minutes, unthinkable in India just a few years ago, is now a reality in many cities. For obvious reasons, grocery firms are at the forefront of the so-called “quick commerce” market.
Grofers has rebranded as Blinkit to indicate its focus on the fast-growing quick commerce space in India. The company now claims to be processing a million such orders every week across 12 cities.
Go big or go home seems to be the mantra of India’s online grocery sector dominated by giants like Tata and Amazon. Flipkart is looking to do exactly that with a potential $100 million investment in Ninjacart.
A complex unfriendly capital gains tax system is a big reason why many Indian start-ups have relocated their headquarters outside India, according to a report on direct tax administration brought out by Bangalore Chamber of Industry & Commerce.
Anur Cloud Technologies raised a seed round from AIG Direct LLC for an undisclosed amount which it intends to use to further expand its overseas presence and strengthen its capabilities in India.
Cofounder Screwvala says lower stake dilution early on gives co flexibility
Startup grouping IndiaTech writes to IT minister to set standards similar to the Entertainment Software Rating Board (ESRB). IndiaTech wants civil society and industry collaboration to develop a code.
The Ninjacart funding will be one of the largest investment rounds by the e-commerce major in a startup as it races to expand its footprint in India’s fast growing online grocery business.
The transaction pegged Urban Company’s valuation at $2.8 billion, which was higher than the $2.1 billion net worth the home services provider commanded during its Series F funding round in June 2021.
The internal document, released as part of a whistleblower lawsuit against HCL Technologies, found that the company paid H-1B visa workers lower wages compared to similarly employed US workers.
Twitter has said that as per its investigation so far, prime minister Narendra Modi's Twitter account was "not compromised due to any breach of Twitter’s systems."
SenseTime had missed the pricing date for the IPO on Friday after a media report that a blacklisting was imminent.
The round also saw participation from existing investors including family office of Ashwini Kakkar, former head of Thomas Cook and co-founder and chairman of via.com; venture capital fund 9unicorns; and other marquee angels including LetsVenture.from Technology News, Latest Gadget Reviews, Gaming & Tech Videos | Times of India https://ift.tt/o3b1NzK
