Elon Musk sells $8.5 billion in Tesla stock as he readies to buy Twitter

Elon Musk reported the sale of 9.6 million shares in filings with the Securities and Exchange Commission on Thursday and Friday. The trades were made at prices ranging from $822.68 to $999.13 a share.

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Chips are like oil, India will need at least 10 fab units, says Ashwini Vaishnaw

India cannot always keep importing chips, Vaishnaw said, expressing disappointment over comments by former RBI governor Raghuram Rajan that the country should not get into chip manufacturing.

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EV makers asked to submit quality control details to the government

Following a meeting on April 25-- attended by two and three-wheeler electric vehicle manufacturers—the ministry of Road Transport & Highways (MoRTH) has written to original equipment manufacturers asking for details of specific quality control measures.

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EV makers asked to submit quality control details to the government

Following a meeting on April 25-- attended by two and three-wheeler electric vehicle manufacturers—the ministry of Road Transport & Highways (MoRTH) has written to original equipment manufacturers asking for details of specific quality control measures.

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India remains trigger-happy on internet shutdowns

By the end of the year, India was responsible for at least 106 such incidents, making it the worst offender on internet shutdowns for the fourth year in a row. India accounted for almost half (47%) of the 182 internet shutdowns worldwide in 2021.

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Swiggy to pilot drone-based deliveries for its grocery service Instamart

Swiggy has selected – Garuda Aerospace, Skyeair Mobility, the consortia between ANRA Technologies and TechEagle, as well as Marut Dronetech– for the pilots.

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CCI raids top ecommerce sellers; Snap CTO calm on short-term volatility

Cloudtail has disappeared from Amazon’s platform. There are currently no listings under the giant seller, which was crucial to Amazon’s early success in India.

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Can’t throw money at problems when building a business, says

“There are funds that have raised a lot of money and India's seeing a lot of high-quality startups,” he said. “Early-stage valuations in India have not corrected. Maybe it will come down a little but right now, it's still quite expensive.”

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Can’t throw money at problems when building a business, says Freshworks founder Girish Mathrubootham

“There are funds that have raised a lot of money and India's seeing a lot of high-quality startups,” he said. “Early-stage valuations in India have not corrected. Maybe it will come down a little but right now, it's still quite expensive.”

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Covid, chip shortage impact on Apple up to $8 billion: CEO Tim Cook

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Snap announces new AR shopping experiences, Dress Up feature and more

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‘Take the money…and run’: Musk’s quick deal for Twitter highlights weaknesses

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Amid startup layoffs, IT firms plan 8-10% hikes

. This has prompted several new-age companies, from Unacademy to Meesho, to lay off employees as they look to cut costs and get back to basics now that the Covid-fuelled funding party is well and truly over.

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Twitter legal executive hit with online abuse following Musk tweet

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Labour ministry issues notice to Infosys on non-compete clause issue

Infosys’ group head for human resources, Krish Shankar, and Harpreet Singh Saluja, the president of Pune-based labour union Nascent Information Technology Employees Senate, which had filed the complaint, have received the communication from the ministry.

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Startups shed flab amid slowdown in large funding rounds

The trend is likely to play out further, though the early-stage funding ecosystem has yet to significantly taper off. Investors have begun to ask high-growth companies to go back to basics — chase profits and reduce their cash burn, multiple people told ET.

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Gaming sector needs a regulatory structure, says Games24x7 CEO Bhavin Pandya

The gaming sector needs a regulatory structure because legitimate operators are struggling as several companies were offering real money games of chance under the guise of “games of skill”, Bhavin Pandya, cofounder and chief executive of newly minted gaming unicorn Games24x7 told ET in an interview.

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Gaming sector needs a regulatory structure, says Games24x7 CEO Bhavin Pandya

The gaming sector needs a regulatory structure because legitimate operators are struggling as several companies were offering real money games of chance under the guise of “games of skill”, Bhavin Pandya, cofounder and chief executive of newly minted gaming unicorn Games24x7 told ET in an interview.

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Twitter’s board of directors and its top shareholders

Once the transaction is complete, the social media giant will become a privately held company and its shareholders will receive $54.2 in cash for each share of common stock they own.

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Twitter’s board of directors and its top shareholders

Once the transaction is complete, the social media giant will become a privately held company and its shareholders will receive $54.2 in cash for each share of common stock they own.

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Google Play store to open data safety section

Apps need to disclose if they’re sharing user information with third party applications, among other disclosures. They also have to share security practices, encryption methods and whether users have the choice to have their data deleted.

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Google Play store to open data safety section

Apps need to disclose if they’re sharing user information with third party applications, among other disclosures. They also have to share security practices, encryption methods and whether users have the choice to have their data deleted.

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Consumer sector-focused fund Venturi Partners raises $175 million

Founded by Cator, the investment platform will look to back high-growth Asian consumer companies with an online or offline presence in sectors ranging from FMCG to education and healthcare services.

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It’s official: Elon Musk just bought Twitter for $44 billion

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Veranda Learning to acquire test-preparation institute chain TIME for Rs 287 crore

The acquisition will be in phases, with Veranda taking over 80% of the outstanding capital along with management control in the first phase, it said in a statement.

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Paytm brings in new group head for regulatory affairs

Yanamandra joins the Noida-based financial services company from the New Development Bank in Shanghai, where he served as chief of the compliance division.

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Pushback on crypto ‘shadow ban’; Amazon to absorb Cloudtail, Prione employees

Now, many top banks which have blocked UPI for trading crypto based on “verbal instructions” from NPCI, want it to spell out the rules in writing.

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Banks seek formal NPCI note on crypto UPI curbs

The banks, some of which are shareholders of NPCI, raised the issue at a recent meeting after the payments body expressed its reservations a few weeks ago on the fund flows through UPI for crypto trades, two persons aware of the discussions in the meeting told ET.

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Going Public on our horizon: Chargebee's Krish Subramanian

Subramanian is one of the four cofounders of the San-Francisco headquartered company which belongs in the crop of VC-backed decade-old Indian-origin SaaS companies hitting key revenue and market milestones globally.

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Going Public on our horizon: Chargebee's Krish Subramanian

Subramanian is one of the four cofounders of the San-Francisco headquartered company which belongs in the crop of VC-backed decade-old Indian-origin SaaS companies hitting key revenue and market milestones globally.

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Amazon to absorb all Cloudtail, Prione employees, JV CEO tells employees

Cloudtail, set up in 2014 as a joint venture between Amazon and Infosys founder NR Narayana Murthy’s Catamaran Ventures, is one of the largest sellers on Amazon India.

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How BenQ’s GV30 made me look at portable projectors in a new light

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Mann Ki Baat: PM Modi pitches for cashless transactions, urges people to go for 'cashless day out’ experiment

PM also talked about that the recently-inaugurated Pradhan Mantri Sangrahalaya (prime minister's museum) and highlighted that it is becoming the center of attraction for the youth, which is "connecting them with the precious heritage of the country".

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Ola Electric recalling 1,441 units of electric two-wheelers

As a pre-emptive measure we will be conducting a detailed diagnostic and health check of the scooters in that specific batch and therefore are issuing a voluntary recall of 1,441 vehicles."

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Ola Electric recalling 1,441 units of electric two-wheelers

As a pre-emptive measure we will be conducting a detailed diagnostic and health check of the scooters in that specific batch and therefore are issuing a voluntary recall of 1,441 vehicles."

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EV battery explodes, killing 1 and injuring 3 in Andhra Pradesh

The incident was similar to the one that happened three days ago in Nizamabad town in neighbouring Telangana where an electric vehicle battery exploded killing an 80-year-old man.

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Google files for “Pixel Watch” trademark; test unit reportedly found at a restaurant

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EV battery explodes, killing 1 and injuring 3 in Andhra Pradesh

The incident was similar to the one that happened three days ago in Nizamabad town in neighbouring Telangana where an electric vehicle battery exploded killing an 80-year-old man.

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EU Takes Aim at Social Media’s Harms With Landmark New Law

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Urbanista Los Angeles headphones review: Give me more devices that don’t need to be charged

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DeFi-fo-fum: hackers find new ways to gobble up crypto

Many cryptocurrency “hacks” are actually the result of simple security breaches in which hackers gain access to victims’ private keys. That’s more like picking someone's pocket than doing any actual, you know, hacking.

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RBI ups scrutiny on fintechs as it issues payments aggregator licences

The scrutiny comes in the backdrop of some of these fintech firms having dealings with cryptocurrency exchanges and gaming apps, one person said.

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RBI ups scrutiny on companies seeking payment aggregator licence

The scrutiny comes in the backdrop of some of these fintech firms having dealings with cryptocurrency exchanges and gaming apps, one person said.

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India will witness significant increase in frequency and duration of internet access: study

The study has identified some trends that will shape the digital ecosystem over the next three years. E-governance and agri-tech are likely to grow significantly, it said.

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India will witness significant increase in frequency and duration of internet access: study

The study has identified some trends that will shape the digital ecosystem over the next three years. E-governance and agri-tech are likely to grow significantly, it said.

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Data protection, privacy laws, skilling key for Indian tech to become $1 trillion contributor: business leaders

Accenture India chairperson Rekha Menon, Adobe India’s vice president and managing director Prativa Mohapatra, and Indiaspora founder M R Rangaswamy expressed confidence that the $227-billion Indian IT services and technology industry can raise its level of play to contribute $1 trillion in total revenue to achieve Prime Minister Narendra Modi’s $5 trillion economy target.

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Data protection, privacy laws, skilling key for Indian tech to become $1 trillion contributor: business leaders

Accenture India chairperson Rekha Menon, Adobe India’s vice president and managing director Prativa Mohapatra, and Indiaspora founder M R Rangaswamy expressed confidence that the $227-billion Indian IT services and technology industry can raise its level of play to contribute $1 trillion in total revenue to achieve Prime Minister Narendra Modi’s $5 trillion economy target.

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TCS inaugurates opens co-innovation centre at Carnegie Mellon University

The centre specializes in innovation in the manufacturing and utilities sectors, providing enterprises with new ways to tap the Internet of Things and Artificial Intelligence domains, according the company's statement.

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OnePlus 10 early leaks reveal 150W fast charging, but no alert slider

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Amazon gets social (again); Razorpay’s $80-100 million secondary share sale

This is the first inorganic bet that Amazon is taking on the social commerce space where sellers use platforms like Whatsapp and Facebook to sell their wares. The acquisition is Amazon’s attempt at getting a foothold in this buzzy segment, where many new players have emerged over the past few years, two people aware of the matter told us.

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BharatNet, 5G, cloud policy would erase classes in Indian Internet ecosystem: Rajeev Chandrasekhar

He said a 'perfect storm" of innovation and enterprise is headed towards the Indian tech ecosystem. India's inherent strengths in software and electronics design are converging with a policy push towards local manufacture, such as the $10-billion semiconductor policy, creating synergies.

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Lightspeed may invest in Razorpay’s $100 million secondary share sale

The startup’s angel investors, employees and some other investors are offloading shares in what could be one of the company's largest secondary sale deals since it was founded. In a secondary share sale, new investors buy shares from existing investors but the money doesn’t go to the company.

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Amazon acquires reseller platform Glowroad to bolster social commerce ambitions

Amazon has acquired the startup in an all-cash deal, a person aware of the matter said. This is the first inorganic bet that Amazon is taking on the so-called social commerce space where sellers use platforms like Whatsapp and Facebook to sell their wares.

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Warner Bros shutting down CNN+ streaming service: report

Warner Bros Discovery, whose shares fell 5.6% on the news, did not immediately respond to a Reuters request for comment.

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Apple’s future iPhone without any notch will only come by 2024: Ming Chi-Kuo

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View: Financial irregularities are easy to uncover if diligent auditors are put on the job and held accountable

Financial irregularities are easy to uncover if diligent auditors are put on the job and held accountable, and if the directors on the board ask the right questions. Historically, most malpractices fester because someone with a radar to spot aberrations looks the other way.

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Will revisit FY23 outlook as things become clearer through the year: Infosys CEO

The Bengaluru-headquartered company, which was impacted by a client-specific issue, higher subcontracting costs and talent-related issues during the last quarter of fiscal 2022, is clear that it’s guidance for this financial year comes from three fundamental factors, according to Parekh.

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Will revisit FY23 outlook as things become clearer through the year: Infosys CEO Salil Parekh

The Bengaluru-headquartered company, which was impacted by a client-specific issue, higher subcontracting costs and talent-related issues during the last quarter of fiscal 2022, is clear that it’s guidance for this financial year comes from three fundamental factors, according to Parekh.

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Tax authorities alert foreign tech firms of GST to avert nasty surprises

An email, in the nature of an information flyer, is being sent to these offshore business-to-customer (B2C) entities by the Bangalore nodal office of Central Board of Indirect Taxes and Customs which administers the common indirect tax which came into effect from July 1, 2017.

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Netflix rocked by subscriber loss, may offer cheaper ad-supported plans

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Industry wants government to fix small etail’s GST compliance problem

Section 24(ix) of the CGST Act, 2017, states that “any person who supplies goods through an e-commerce operator, is required to compulsorily register under GST, irrespective of the turnover of such persons.”

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Industry wants government to fix small etail’s GST compliance problem

Section 24(ix) of the CGST Act, 2017, states that “any person who supplies goods through an e-commerce operator, is required to compulsorily register under GST, irrespective of the turnover of such persons.”

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