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May 5, 2023

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Technology

De-risking startup investing; Apple eyes more India manufacturing tie-ups April 16, 2024
Happy Tuesday! The Centre is charting a plan to cut investment risks for pension funds and insurance companies. This and more in today’s ETtech Morning Dispatch.
B2B marketplace ProcMart bags $30 million in funding April 16, 2024
ProcMart, a B2B marketplace, secured $30M funding with Nandan Nilekani's Fundamentum Partnership, Edelweiss Discovery Fund, and South Korea’s Paramark Ventures. The company aims to strengthen its presence in Southeast Asia, expand to 35 locations, and utilize AI and machine learning for growth.
Data centre companies seek clarity on dark fibre for captive networks April 16, 2024
Data centre industry calls for clarification on dark fibre regulations for captive networks to enhance ease of doing business. India's market poised for growth, with high AI server market expectations. The industry pushes for prompt government action to reduce operational costs and improve connectivity.
CEO Srinivas Pallia sold all his Wipro shares before taking charge April 16, 2024
Srinivas Pallia sold Wipro shares before becoming CEO. Delaporte resigned early over revenue. Wipro faced leadership exits amid transformation. Pallia led Americas 1 before CEO role, reporting to Rishad Premji in New Jersey.
iPhone may click with Titan, Murugappa April 16, 2024
Apple explores partnerships with Murugappa Group & Titan Company for local assembly of camera module sub-components in India, aiming to shift operations from China and strengthen the Indian supplier ecosystem.
Safety net in works to widen local funding pool for startups April 16, 2024
Government is crafting a framework to enable pension funds and insurers to invest in startups, aiming to boost domestic capital. Efforts include redefining startup criteria, educating investors, and potentially expanding existing funding schemes.
Adobe explores OpenAI partnership as it adds AI video tools April 15, 2024
Adobe integrates third-party AI tools like Sora from OpenAI into Premiere Pro, using the Firefly AI model for features such as scene object generation and distraction removal. The company addresses market concerns through revenue sharing and emphasizes industry-leading AI ethics.
Apple denies violating US court order in Epic Games lawsuit April 15, 2024
Apple denies breaching court order on App Store, opposes Epic's contempt plea. Criticizing Epic's free tool access desire, U.S. Supreme Court rejects Apple's appeal. Meta Platforms, Microsoft, X support Epic's argument in ongoing legal battle.
Lam Research to donate $29 million in software licences over next two years April 15, 2024
Lam Research Corporation donates $29 million in software licenses to 2,800 students in India to strengthen the semiconductor manufacturing workforce. MoU signed with ISM and IISc for Semiverse Solutions deployment and workforce training.
MS Dhoni invests in e-cycle startup EMotorad April 15, 2024
Indian cricketer Dhoni invests in EMotorad, gains equity ownership. The company led by Gupta has ambitious sales targets and expansion plans, supported by investments from Dhoni and partnerships with various startups.

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.

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