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April 24, 2023

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Technology

Lenskart's $200-million secondary; Wipro’s Delaporte’s golden handshake April 25, 2024
Happy Thursday! Singapore investor Temasek and US-based fund Fidelity are preparing for a $200-million funding round in Lenskart along with Fidelity.
Temasek, Fidelity may invest $200 million in Lenskart at $5 billion valuation April 25, 2024
This round would take homegrown eyewear company Lenskart's valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens. Warby Parker listed on the NYSE late in 2022 and has a market capitalisation of around $1.55 billion.
With $11 million exit pay, Delaporte joins other CEOs in costly exits April 25, 2024
An analysis of employment contracts of top IT leaders shows that in recent years, payments to exiting CEOs at companies such as Tata Consultancy Services (TCS), Cognizant and Wipro have ranged from Rs 48 crore to Rs 92 crore.
Flipkart’s Blockchain-based FireDrops seeks more use cases April 25, 2024
Walmart-owned ecommerce major Flipkart is collaborating with Polygon for its web3 plans and aims to go deep with this partnership this year, which can help change the way Indians shop and engage with brands online, senior industry executive told ET.
With GenAI, database firm MongoDB gets set for big India play April 25, 2024
Valued at about $30 billion, MongoDB counts Tata Digital, Tata AIG, Canara HSBC Life Insurance, Zomato, Devnagri, Ambee, Inovaare and Observe.AI among its key clients.
'We aren't going anywhere': TikTok to fight US ban law in courts April 24, 2024
TikTok's CEO vowed Wednesday to fight in the courts to overturn a newly signed US law that could see the popular app banned due to allegations it is controlled by the Chinese government. Americans must think of TikTok's "power, access, capability, control" as being in the hands of the Chinese government and intelligence service, Wray […]
Rapido announces free bike rides to voters in Bengaluru and other cities on Friday April 24, 2024
On election day, voters can avail free rides on the Rapido app using the code ‘VOTENOW’ and exercise their democratic right, the company said in a statement. Rapido will deploy over 10 lakh captains across more than 100 cities to provide free rides on election-day.
Zomato pilots priority deliveries, tests ‘pay later’ feature April 24, 2024
Gurgaon-based firm Zomato is starting priority deliveries, wherein users can pay extra to get orders delivered faster. The extra charge for priority deliveries is applicable to members of the company’s loyalty programme, Zomato Gold, as well.
LTIMindtree Q4 profit falls 1.2%, revenue edges up April 24, 2024
IT services company LTIMindtree reported a consolidated net profit of Rs 1,100 crore for the March quarter, down 1% year-on-year (YoY). The profit was less than the Street estimate of Rs 1,150 crore.
Amid green push, professionals rush to arm themselves with ESG skills April 24, 2024
Edtech firms seeing strong demand for courses related to ESG reporting, climate technology, carbon accounting, lifecycle analyses

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
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The next big test for Elon Musk arrives this week September 30, 2018
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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
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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.