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November 10, 2022

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Technology

Byju’s India CEO out; ShareChat valuation drops 60% April 15, 2024
Byju’s India CEO Arjun Mohan has resigned after just six months in the job. Founder Byju Raveendran will fill in the role for now. This and more in today’s ETtech Top 5.
Baron Funds hikes Pine Labs valuation to $5.8 billion, Invesco marks it up to $4.8 billion April 15, 2024
Baron Funds and Invesco revised Pine Labs' valuation to $5.8 billion and $4.8 billion respectively. Fidelity later marked it down to $3 billion. Pine Labs, founded in 1998, offers various digital payment solutions and competes with industry players like Paytm and Mswipe.
Meta to temporarily shut down social media platform Threads in Turkey April 15, 2024
Meta Platforms will temporarily shut down Threads in Turkey from April 29 to comply with the Turkish competition authority's order, impacting only Threads with no effect on other Meta social media platforms in Turkey.
India top choice for digital pursuit; firms to boost investments in AI, big data, cybersecurity: Nasscom April 15, 2024
New Delhi, India remains top for digital services expansion. Firms to boost investments in AI, data analytics, cybersecurity. Cybersecurity focus expected post gen AI surge. Outsourcing destination for various sectors.
Zerodha’s Nikhil Kamath launches WTFund for young entrepreneurs April 15, 2024
Nikhil Kamath's 'WTFund' offers under-25 entrepreneurs Rs 20 lakh grants, mentorship, and support. Trend of founders turning investors seen. Applications open on April 15 for 40 founders, screened before institutional funding. Kamath's podcast series delves into business topics."}
Ola Electric slashes S1 X scooter prices April 15, 2024
Ola Electric reduces S1 X scooter prices to bolster market position against Ather's Rizta. FY24 market leader with extended warranty and sales surge. Transition from FAME-II subsidies to EMPS. Subsidy approvals granted to key players.
Majority of shareholders approve Byju's EGM proposal to increase authorised share capital April 15, 2024
Think and Learn's shareholders approved a USD 200 million capital raise through a rights issue despite opposition. The NCLT ordered funds to be held. Prosus and General Atlantic are investors contesting the decision.
ET Explainer: How Airchat works, and what its relaunch means for the social audio segment April 15, 2024
Naval Ravikant and Brian Norgard have relaunched Airchat, a voice-centric social media app, which is quickly gaining popularity. The app focuses on audio recordings, and has currently opened access on an invite-only basis. Airchat aims to offer a unique user experience in the social audio segment.
SaaS startup Clientell raises $2.5 million led by Blume Ventures April 15, 2024
Clientall, which had previously raised $600,000 (about Rs 5 crore) from Chiratae Ventures and Artha Venture fund, said the new funds will be used for strengthening the product and expanding the team
ShareChat valuation drops 60% to under $2 billion post new funding April 15, 2024
Twitter and Google-backed homegrown social media firm Sharechat has closed $49 million in debt financing through convertible debentures from existing investors – Lightspeed, Temasek, Alkeon Capital, Moore Strategic Ventures and HarbourVest.

CNN Economy

Goldman Sachs slants research to help Democrats, top White House adviser says October 2, 2018
Kevin Hassett, President Donald Trump's top economic adviser, suggested Goldman Sachs may be slanting its economic research to help Democrats ahead of the midterm elections.
Land O'Lakes CEO Beth Ford, from the cornfield to the C-suite October 1, 2018
Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files.
The next big test for Elon Musk arrives this week September 30, 2018
Read full story for latest details.
The next big test for Elon Musk arrives this week September 30, 2018
Read full story for latest details.
CEOs are cashing in on the market boom September 26, 2018
Corporate insiders at US companies have dumped $5.7 billion of stock this month, the highest in any September in the past decade, according to TrimTabs.
General Electric is in a sharp decline September 26, 2018
Read full story for latest details.
Why investors aren't freaking out about inflation September 25, 2018
Read full story for latest details.

CNN MARKETS

Premarket: 7 things to know before the bell October 4, 2018
Read full story for latest details.
Why it's time for investors to go on defense October 4, 2018
Howard Marks, co-chairman of Oaktree Capital, explains why investors should start treading lightly.
Barnes & Noble stock soars 20% as it explores a sale October 3, 2018
Barnes & Noble jumped more than 20% after it said it would review a sale of the troubled company.
Aston Martin falls 5% in London IPO October 3, 2018
Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion.
Honda teams up with GM on self-driving cars October 3, 2018
Read full story for latest details.
Toys 'R' Us brand may be brought back to life October 3, 2018
Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands.
Tencent Music plans to go public on US exchange October 3, 2018
It dominates the music streaming market in China through its QQ Music, KuGou and Kuwo platforms.