Business
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Another Rs 1,200 cr vanishes from BYJU’S funding round: Report
New Delhi: A whopping Rs 1,200 crore from a US-based company, recently announced by BYJU’S as a funding round, has gone off track, according to a media report. In September 2021, New…
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Twitter tells employees to ‘refrain’ from posting on Musk deal
San Francisco: Amid the high voltage drama happening ever since Elon Musk officially tried to pull out of his $44 billion agreement to buy Twitter, the microblogging site’s general counsel has told…
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Google offered to split its ad-tech biz to avoid anti-trust lawsuit: Report
San Francisco: Google reportedly offered the US government to split its ad-tech business, which allows companies to place ads on Internet and and apps, into a separate entity under the Alphabet umbrella,…
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Musk to pay $1 bn as deal termination fee to Twitter
New Delhi: Tesla CEO Elon Musk, who has cancelled the $44 billion Twitter buyout deal, will have to pay $1 billion in termination fee to the micro-blogging platform. As per an earlier…
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Global EV shipments up 79% YoY in Q1, Tesla leads: Report
New Delhi: With Tesla registering phenomenal growth over a year, the electric vehicle (EV) shipments grew 79 per cent year-on-year (YoY) in the first quarter of 2022 to reach 1.95 million units,…
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Another senior Ola executive quits amid several resignations
New Delhi: Shikharr Sood, the head of Ola’s Talent Acquisition, and in charge of talent acquisition for the entire Ola Group, is now reportedly the latest executive to leave the firm. His…
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Ford, VW-backed startup Argo AI bids goodbye to 150 employees
San Francisco: As recession fears grow, the US-based autonomous vehicle technology startup Agro AI, backed by Ford and Volkswagen, has laid off about 150 people and slowed the pace of hiring, making…
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Virgin Galactic partners with Aurora to build new motherships
San Francisco: Billionaire Richard Branson’s Virgin Galactic partnered with Aurora Flight Sciences, a Boeing company, to design and manufacture its next generation motherships. The mothership is the air launch carrier aircraft in…
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Meta Quest headsets to no longer require FB account
San Francisco: Tech giant Meta has announced that users can now log in to virtual reality (VR) headsets without using their Facebook credentials. In a Facebook post, CEO Mark Zuckerberg said that…
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GameStop fires CFO, more employees in mass layoff
San Francisco: Video game retailer GameStop has terminated its Chief Financial Officer Mike Recupero, while sacking employees in another round of mass layoffs. The layoffs were happening at GameStop’s Texas headquarters, along…
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RBI unveils measures to check rupee fall; raises overseas borrowing limits for cos
Mumbai: Reserve Bank of India (RBI) on Wednesday raised overseas borrowing limits for companies and liberalised norms for foreign investments in government bonds as it announced a slew of measures to boost…
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Now EV charging station must for every new building in Noida
Noida: The authorities have decided to not approve any building plan here until and unless it makes provision for an electric vehicle charging station in it. Sources at the Noida Authority said…
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BharatPe back on track after Ashneer controversy, records 112% growth
New Delhi: Leaving the Ashneer Grover controversy behind, fintech platform BharatPe has closed one of the highest growth quarters in its history, facilitating over Rs 3,600 crore in loans in the first…
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Ola likely to lay off up to 500 employees in cost-cutting exercise
New Delhi: As Bhavish Aggarwal focuses his energies towards Ola Electric, the ride-hailing platform Ola is planning to lay off up to 500 employees across departments as it aims to cut cost…
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Musk hopes Tesla won’t need to enter mining business: Report
San Francisco: While the idea of Tesla entering the mining business is quite exciting, CEO Elon Musk said he hopes the company would prefer it if it did not have to enter…
