Monday, August 14, 2023

Ranjan Pai in talks for stake in FirstCry; IT hardware firms may get more time for local manufacturing

Manipal Group chairman Ranjan Pai is likely to pick up a stake in FirstCry, as part of a secondary share sale. Pai’s Rs 250 crore investment could come at a valuation of about $3 billion for the Pune-based ecommerce firm looking to file its draft IPO papers before the end of this year. All this and more in today’s Morning Dispatch.

from Tech-Economic Times https://ift.tt/BlAOcev

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Elon Musk wanted $80 billion to colonise Mars, OpenAI president testifies at trial

Elon Musk sought complete control of OpenAI to fund his Mars colonisation dream. He aimed to raise $80 billion for a Martian city. This re...