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World's richest person Elon Musk responded to a video that showed an ape playing with straws, saying, "Baby X [Musk's son] is just like this haha." The video was tweeted in 2020 by Tamil Nadu IAS officer Supriya Sahu. A Twitter account recently re-shared it saying, " a brilliant example of how play is...shared by great apes and humans."
short by Kiran Khatri / 03:51 pm on 22 Jan
After Reuters reported about the disruption of internet connectivity in tsunami-hit Tonga, Elon Musk asked people from Tonga to "let us know" if SpaceX should "send over Starlink terminals". A Twitter user then shared a New Zealand MP's letter requesting Starlink communications for Tonga. The billionaire said he needs "clear confirmation" because it would be a "hard thing" to do.
short by Kiran Khatri / 03:53 pm on 21 Jan
BharatPe's Co-founder and MD Ashneer Grover, in a statement on his leave of absence till March-end, said, "I'll rejuvenate and refresh myself for our next sprint of value creation...I'll also double down on investing in myself personally." He added, "I'll return on or before April 1, 2022." Grover's leave comes after his alleged use of inappropriate language against Kotak staff.
short by Pragya Swastik / 02:45 pm on 20 Jan
Shares of Zomato fell for the fourth consecutive trading session to close below their listing price on Friday. Since January 17, the stock has fallen 15%, eroding over ₹15,600 crore from investors' wealth, Moneycontrol reported. On Friday, the shares fell nearly 10% and eventually settled at ₹114.10 apiece. Zomato listed at a 53% premium over IPO price in July 2021.
short by Kiran Khatri / 05:22 pm on 21 Jan
Pine Labs' CEO Amrish Rau wrote on LinkedIn that it was "good" to hear that a well-performing employee quit after five years at his startup. Rau explained how the employee, initially a support engineer, became a fintech resource with training. "It's heartening when a team member learns a new domain, grows new skills and flies away. Companies should be happy."
short by Pragya Swastik / 07:00 am on 21 Jan
Ashneer was clear it's a planned attack: BharatPe CEO on Kotak controversy
short by Pragya Swastik / on 20 Jan 2022,Thursday
BharatPe's CEO Suhail Sameer told Moneycontrol, "Co-founder Ashneer Grover suggested the leave of absence to board because he was very clear that this (Kotak controversy) is a planned attack." Sameer added, "Ashneer said that he was being attacked but it shouldn't come on the company." "This is all Ashneer's personal recommendation," Sameer said on Ashneer's leave of absence till March-end.
short by Pragya Swastik / 03:46 pm on 20 Jan
Future Retail's independent directors have sought a ₹3,500-crore long-term loan from Amazon after it asked the Kishore Biyani-led company not to sell its small-format store chains. FRL has to pay its lenders by January 29 to prevent its debt from being classified as non-performing assets. "Please're willing to fund this amount by Monday," the letter, reviewed by ET, said.
short by Kiran Khatri / 10:54 am on 22 Jan
Talks between India and billionaire Elon Musk-led Tesla over potential import duty cuts have reached a "weird stalemate situation", Reuters reported citing sources. Tesla reportedly said it's open to sourcing more auto components locally and eventually moving towards manufacturing, but the government is seeking firm commitments. Currently, India levies 100% duty on EVs priced at $40,000 or more.
short by Kiran Khatri / 02:51 pm on 20 Jan
While reporting its third quarter earnings on Thursday, Urban Company said that top 20% or one in five of its professionals across on-demand beauty and home services earned at least ₹38,263 per month. The company, which witnessed protests last year by its workers who sought better working conditions, added that the average payout to partners increased to ₹297 per hour.
short by Kiran Khatri / 04:52 pm on 20 Jan
After BharatPe Co-founder Ashneer Grover went on a voluntary leave of absence, Infosys' ex-Director TV Mohandas Pai said, "The board should've...asked him to apologise for the bad behaviour." They're "playing second fiddle to a managing director whose abusive behaviour is in question", he added. Grover's voluntary leave came after his alleged use of inappropriate language against Kotak staff.
short by Kiran Khatri / 01:45 pm on 20 Jan
The slump in Paytm parent One97 Communications' shares has eroded a total of over $10 billion (₹74,400 crore) from IPO investors' wealth since its listing in November, Moneycontrol reported. On Friday, the stock fell 4% to a record low of ₹952.3 apiece on the NSE, but eventually ended the day at ₹960. Its market value stands at over ₹62,000 crore.
short by Kiran Khatri / 10:05 am on 22 Jan
Customer onboarding platform Rocketlane, founded by former Freshworks executives in 2020, raised $18 million in a funding round led by 8VC this week. To celebrate this, the company released a rap song to showcase its journey, which has gone viral on Twitter and LinkedIn. The US and Chennai-based startup had raised $3 million in seed funding in June 2021.
short by Kiran Khatri / 12:52 pm on 22 Jan
Zomato shares tank 9%, hit record low for 1st time since listing day
short by Kiran Khatri / on 21 Jan 2022,Friday
Shares of Zomato tanked around 9% during intraday trade on Friday, falling to the lowest level since its listing day. The food delivery platform's stock fell to a record low below ₹113 per share. The shares had listed at ₹115 apiece on the BSE on July 23, 2021, giving Zomato a market value of over ₹90,000 crore.
short by Kiran Khatri / 02:40 pm on 21 Jan
He tries to make it personal: Warren on Musk calling her 'Senator Karen'
short by Aishwarya Awasthi / on 22 Jan 2022,Saturday
US Senator Elizabeth Warren, while discussing her spat with Tesla's Elon Musk and him calling her 'Senator Karen', said, "It's about trying to make it personal instead of talking about what’s wrong with the tax system." Warren said Musk paid no federal income tax in 2018. "Every nurse who paid taxes, every firefighter who paid taxes, paid more," she added.
short by Aishwarya Awasthi / 01:24 pm on 22 Jan
Musk's brain-chip startup Neuralink looks for clinical trial Director
short by Aishwarya Awasthi / on 21 Jan 2022,Friday
Elon Musk's brain-chip startup Neuralink has started looking a clinical trial Director, a job listing revealed. The clinical trial Director job posting says that the person in the role will be "working with Neuralink's first Clinical Trial participants". Last month, Musk told the Wall Street Journal that Neuralink hoped to implant its device in human brains sometime in 2022.
short by Aishwarya Awasthi / 05:27 pm on 21 Jan
Tesla's expansion in Xinjiang misguided, sets poor example: US lawmakers
short by Aishwarya Awasthi / on 22 Jan 2022,Saturday
US Democrats Bill Pascrell and Earl Blumenauer have written to Tesla CEO Elon Musk, saying, "Your misguided expansion into the Xinjiang Uyghur Autonomous Region sets a poor example and further empowers the (Chinese government)." They also asked Musk to reveal if Tesla sources any goods made or manufactured in Xinjiang and if it plans to expand into other Chinese regions.
short by Aishwarya Awasthi / 12:27 pm on 22 Jan
Tesla applies for new trademark for its own headphones, speakers
short by Aishwarya Awasthi / on 22 Jan 2022,Saturday
Tesla has applied for a new trademark in order to be able to sell its own audio equipment. It applied for both its 'TESLA' and 'T' logo trademarks in the new audio equipment category. The application lists several products, including microphones, headphones, earphones, digital audio players and audio speakers, among other things. Tesla filed for the trademark earlier this month.
short by Aishwarya Awasthi / 10:19 am on 22 Jan
Tesla worker dies while on factory's powertrain line in US
short by Aishwarya Awasthi / on 21 Jan 2022,Friday
An employee at Tesla's Fremont Factory in California collapsed and died while working on a powertrain line on January 19. A Cal-Occupational Safety and Health Administration spokesman said Tesla notified the agency about the death and state investigators are gathering more information. Earlier in December, a Tesla employee had allegedly shot a co-worker in the factory's parking lot.
short by Aishwarya Awasthi / 11:45 am on 21 Jan
TikTok parent's revenue growth slowed to 70% in 2021: Report
short by Aishwarya Awasthi / on 20 Jan 2022,Thursday
TikTok-parent ByteDance saw a slowed growth of 70% year-on-year in its total revenue at around $58 billion in 2021, Reuters reported citing sources. In 2020, its total revenue grew by over 100% to $34.3 billion. ByteDance has retained its second-ranked position in China's online advertising market last year, with a market share of 21%, according to Interactive Marketing Lab Zhongguancun.
short by Aishwarya Awasthi / 05:25 pm on 20 Jan
Aim for 75 unicorns in 75 weeks to 75th Independence anniversary: Goyal
short by Aishwarya Awasthi / on 22 Jan 2022,Saturday
Union Minister Piyush Goyal while releasing a NASSCOM report said, "Let us aim for at least 75 unicorns in this 75 week period to 75th Anniversary of Independence." "We have added 43 unicorns in 45 weeks since the start of 'Azadi ka Amrit Mahotsav' on 12th March, 2021," he added. Earlier, January 16 was declared as the National Startup Day.
short by Aishwarya Awasthi / 04:47 pm on 22 Jan
Alibaba Co-founder's office buys US billionaire's penthouse for $188 mn
short by Aishwarya Awasthi / on 20 Jan 2022,Thursday
Alibaba Co-founder Joseph Tsai's family office has bought US billionaire Daniel Och's New York City penthouse for $188 million, New York registry documents revealed. The firm took out a $71.5 million mortgage through JPMorgan Chase for the property on the 73rd floor. Och had paid about $95 million for the penthouse when he purchased it in 2019.
short by Aishwarya Awasthi / 03:41 pm on 20 Jan
OYO Founder Agarwal's office invests $2 mn IIT grad-led Agrowave
short by Aishwarya Awasthi / on 22 Jan 2022,Saturday
Agritech startup Agrowave has raised $2 million from OYO founder Ritesh Agarwal's family office Aroa Ventures. Founded by IIT Delhi graduate Anu Meena, Agrowave creates a first-mile delivery farm-to-market supply chain through a network of mobile pickup stations. As of December 2021, Agrowave claims to operate in over 150 villages across India.
short by Aishwarya Awasthi / 02:16 pm on 22 Jan
SpaceX wins $102 mn deal to transport military cargo via rocket
short by Aishwarya Awasthi / on 21 Jan 2022,Friday
The US Air Force has awarded SpaceX a $102 million five-year contract to demonstrate technologies and capabilities to transport military cargo and humanitarian aid around the world on a heavy rocket. The contract falls under the Air Force Research Laboratory's rocket cargo programme. The contract is not specific to any of SpaceX's launch vehicles.
short by Aishwarya Awasthi / 01:58 pm on 21 Jan
Billionaire Jack Ma's Ant Group linked to corruption case in China: FT
short by Aishwarya Awasthi / on 21 Jan 2022,Friday
Billionaire Jack Ma's Ant Group has been linked to a corruption scandal involving the former party secretary of Chinese technology hub Hangzhou, the FT reported citing public records and sources. A unit of Ant Group bought plots of land at a discount in Hangzhou in 2019 after taking stakes in two mobile payment businesses owned by party secretary's younger brother.
short by Aishwarya Awasthi / 05:08 pm on 21 Jan
Bengaluru-based jewellery startup GIVA raises ₹74 crore
short by Aishwarya Awasthi / on 20 Jan 2022,Thursday
Bengaluru-based jewellery startup GIVA has raised ₹74 crore in Series A funding round. It raised the funds from Sixth Sense Ventures, A91 Partners and other investors like India Quotient, Grand Anicut Angel Fund, and Founder’s Bank Capital. Founded by Ishendra Agarwal, Nikita Prasad and Sachin Shetty, GIVA offers a range of silver, 18K gold, rose gold and oxidised silver jewellery.
short by Aishwarya Awasthi / 02:06 pm on 20 Jan
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