Category: Technology
meta: Arrowstreet, Coatue Management among big hedge funds buying Meta in first quarter
[ad_1] Prominent hedge funds including Arrowstreet Capital LLC, D1 Capital Partners and Coatue Management LLC were among the investors that bought shares of Meta Platforms Inc in the first quarter of the year, amid an eye-popping rebound in the Facebook-parent’s stock. Meta Platforms, which suffered the worst decline among the mega-cap FANG stocks in 2022, ...
tesla: Musk tells Tesla staff he must approve all hiring: Report
[ad_1] Tesla Chief Executive Elon Musk has said that the company can make no new hires unless he personally approves them, including contractors, the Information reported on Monday, citing an email to staff. According to the report, Musk told executives to send him a list of hiring requests on a weekly basis, while also cautioning ...
amazon india: Amazon India hikes seller commission across categories as etailer cuts costs
[ad_1] Ecommerce major Amazon has increased commissions and fees collected from sellers across multiple categories including electronics, beauty, apparel, eyewear, pharmaceuticals, home, and pets. This could potentially increase prices for customers, the sellers ET spoke to said. Seller fee for over-the-counter medicines has been increased from 5.5% to 12% for products priced less than or ...
More than 80 members to contest internet body IAMAI’s governing council election
[ad_1] IAMAI has more than 500 members comprising Indian digital startups like Dream11, Paytm, Unacademy, Byju’s and BharatPe, in addition to Big Tech firms such as Google, Meta, Twitter and Microsoft, among others. [ad_2] Source link
abhishek ganguly: Puma India head Abhishek Ganguly’s new startup raises $52 million funding
[ad_1] Abhishek Ganguly has raised Rs 430 crore — around $52 million — for his new venture Agilitas Sports in its first round of funding. Ganguly, currently the outgoing India and Southeast Asia managing director of Puma, is leaving the German sports and apparel maker in August. Of the Rs 430 crore, Convergent Finance LLP, ...
inquirer: Philadelphia Inquirer hit by cyberattack causing newspaper’s largest disruption in decades
[ad_1] The Philadelphia Inquirer experienced the most significant disruption to its operations in 27 years due to what the newspaper calls a cyberattack. The company was working to restore print operations after a cyber incursion that prevented the printing of the newspaper’s Sunday print edition, the Inquirer reported on its website. The news operation’s website ...
Pharmeasy: PharmEasy logs first ebitda profit of Rs 14 crore in April, restarts funding talks
[ad_1] Online pharmacy PharmEasy recorded a positive ebitda in April of around Rs 14 crore for the first time since inception with a net revenue of Rs 600 crore, according to people briefed on its latest financials. On the back of hitting operating profitability, the Mumbai-based epharmacy platform’s parent API Holdings is engaging with existing ...
Audio book narrators say AI is already taking away business
[ad_1] As people brace for the disruptive impact of artificial intelligence on jobs and everyday living, those in the world of audio books say their field is already being transformed. AI has the ability to create human-sounding recordings — at assembly-line speed — while bypassing at least part of the services of the human professionals ...
Lithium: Bolivian EV startup hopes tiny car will make it big in lithium-rich country
[ad_1] On a recent, cold morning, Dr. Carlos Ortuno hopped into a tiny electric car to go check on a patient in the outskirts of Bolivia’s capital of La Paz, unsure if the vehicle would be able to handle the steep, winding streets of the high-altitude city. “I thought that because of the city’s topography ...
upstox: Ratan Tata-backed Upstox breaks even in FY23, aims for 10x growth in user base
[ad_1] Ratan Tata-backed discount broking company Upstox achieved break-even in FY2022-23 with the overall revenue crossing Rs 1,000 crore, a top official has said. The company, which also counts Tiger Global among its external investors, is aiming for a 10-times jump in its customer base to 10 crores in the next five-six years, its co-founder ...