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Sunday, 3 October 2021

Delhivery issues bonus shares ahead of IPO

The company, backed by SoftBank Vision Fund and Carlyle Group Inc, is looking to raise nearly $1 billion through a planned initial public offering (IPO) by the end of the current financial year.

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InMobi Glance starts live streaming shows, pushes discovery-led commerce

The platform, which has 150 million daily active users, has now expanded into the live category by partnering with news channels, professional creators, gamers, musicians, celebrities and sports personalities.

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Facebook braces employees for whistle-blower accusations

The whistle-blower, who already shared a trove of internal documents with the Wall Street Journal, will appear in an interview on "60 Minutes" Sunday evening.

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Saturday, 2 October 2021

RBI’s auto debit rule could cause tax woes for fintech startups

Due to RBI’s new auto debit rules, fintech startups run the risk of attracting a 2% equalisation levy as well as additional GST at 18% on part of the money they make through such an arrangement, especially in the case of OTT subscriptions.

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Drone companies step up offerings, hiring after PLI scheme

While the Rs 120-crore drone PLI scheme will help boost local manufacturing and create jobs, the real achievement will be to spawn a supplier ecosystem for the industry in India, stakeholders say.

from Tech-Economic Times https://ift.tt/3a1yrAM

Amazon-backed EV maker Rivian discloses nearly $1 billion losses in IPO filing

For the six months ended June 30, Rivian's net loss widened to $994 million from $377 million a year earlier, the company said in its filing with the US Securities Exchange Commission.

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Coinbase says hackers stole cryptocurrency from at least 6,000 customers

Unauthorized third parties exploited a flaw in the company's SMS account recovery process to gain access to the accounts, and transfer funds to crypto wallets not associated with Coinbase, the company said.

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