Plum Insurance has raised $20 million ( ₹193 crore) from existing investors Peak XV Partners and Tanglin Venture Partners, and a new investor, Japan-based GMO Venture Partners. The funding round…
Category: Companies
Binance Tightens Market Making Rules In Wake of Crash Criticism
Binance, the world’s largest crypto exchange, is tightening rules for token issuers and providers of liquidity on the platform following criticism of digital-asset market practices during October’s market meltdown. In…
Jury finds Instagram and YouTube liable in a landmark social media addiction trial
LOS ANGELES (AP) — A jury found Meta and YouTube liable Wednesday in a that aimed to hold social media platforms responsible for harm to children using their services, awarding…
SC upholds states’ right to change industrial policy in a 25-year-old dispute
The Supreme Court on Wednesday upheld the government’s powers to withdraw electricity duty exemptions for captive power plants, ruling in favour of Maharashtra in a 25-year-old dispute with companies such…
Rocketlane raises $60mn Series C round, led by US-based PE firm Insight Partners
Rocketlane, an artificial intelligence(AI)-powered professional services automation (PSA) platform, has raised $60 million in its Series C funding round led by US-based private equity firm Insight Partners. The Chennai-based startup…
Novo Nordisk sues Dr. Reddy’s over Ozempic trademark
MUMBAI/NEW DELHI: As semaglutide, the drug behind weight-loss drug Ozempic, goes off-patent in India and cheaper copies flood the market, Novo Nordisk has moved to defend its flagship brand, kicking…
Kotak Mahindra Bank responds over alleged fraud: Initiated ‘detailed reconciliation’ of FDs to Panchkula Municipal Corp
Kotak Mahindra Bank today said it has initiated a detailed reconciliation of fixed deposits and linked bank accounts maintained by the Municipal Corporation of Panchkula, following instructions from the civic…
The company where driving the wrong car to work can get you a ticket
AUBURN HILLS, Mich.—When white-collar employees at Jeep parent Stellantis were ordered back to the company’s North American headquarters five days a week, they faced challenges familiar to many in the…
Sunil Mittal to step down as Airtel Africa chair in July; to be succeeded by Gopal Vittal
Sunil Bharti Mittal will retire as the chair of the Airtel Africa Board in July, with Gopal Vittal set to be appointed as non-executive chair in his stead. As per…
Who is Kiran Mani? OpenAI hires India’s JioStar CEO to head up Asia-Pacific
OpenAI has appointed, CEO of the Indian streaming service JioStar, to a newly created role overseeing its Asia-Pacific operations, according to a report by Bloomberg. Mani will assume the position…