Business
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Twitter still thinks the $44 bn Musk deal is not terminated
New Delhi: Despite Tesla CEO Elon Musk declaring that he has terminated the $44 billion Twitter deal, the micro-blogging platform’s position continues to be “the agreement is not terminated.” Twitter lawyers from…
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Most Indian businesses now investing in risk management capabilities: Report
New Delhi: In the current turbulent business environment, nearly eight in 10 business executives in India say that keeping up with the speed of digital and other transformations is a significant risk…
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Razorpay gets RBI approval for Payment Aggregator license
Bengaluru: Fintech platform Razorpay on Monday said it has received in-principle approval by the Reserve Bank of India (RBI) for a Payment Aggregator (PA) license. The central bank issued a payment aggregator…
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Twitter shares tank 6% amid Elon Musk’s walkout
New Delhi: Shares of microblogging site Twitter fell about 6 per cent in premarket trading on Monday, amid the recent walkout by Elon Musk. The world’s richest person on Friday terminated the…
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BYJU’S says received funds from 11 out of 13 VCs in Rs 3,600 cr round
New Delhi: Edtech platform BYJU’s on Monday said that the company has received funds from 11 out of 13 investors in a Rs 3,600 crore funding round which started in June last…
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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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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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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…