Wednesday, August 3, 2022

ED investigating WazirX for allowing Rs 2,790 crore of remittance to unknown wallets

The investigation has revealed that the Indian cryptocurrency exchange Wazirx, operated by Zanmai Labs Private Limited in India, was using the walled infrastructure of Cayman Island-based exchange BINANCE, Chaudhary said in a written reply.

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ET Soonicorns Summit: Celebrating and unlocking the potential of India's future unicorns



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Uber Technologies likely to sell 7.8% stake in Zomato through block deal

The sale has been fixed at Rs 48-Rs 54 apiece, a discount of 2.8-13.6% to Tuesday’s closing price of Rs 55.55 on the National Stock Exchange.

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Tuesday, August 2, 2022

Elon Musk sued by Twitter investor over busted $44 billion deal



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Pakistan's former PM Imran Khan's Instagram account briefly hacked

The former premier's Instagram account shared a post lauding Tesla Motors founder Elon Musk for "donating" three bitcoins.

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Elon Musk sued by Twitter investor over busted $44 billion deal

The lawsuit was filed in Delaware Chancery Court—the same forum that’s set to hold a fast-tracked trial in October of Twitter’s claims against Musk—by an investor who holds 5,500 Twitter shares. In addition to Musk, it names as defendants two “corporate acquisition entities” related to the deal.

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Zomato's consolidated loss nearly halves to Rs 186 crore in Q1

The online food delivery and restaurant discovery platform also reduced losses by about 48% sequentially, from Rs 359.70 crore in the fourth quarter last year, the company said in a stock exchange filing to the BSE late on Monday.

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PhonePe complains against Paytm employees for burning QR codes

In a complaint filed on July 29 with the Surajpur Lakhnawali police station in the Greater Noida area, PhonePe has alleged that “these actions may form a part of a larger conspiracy to malign the reputation” of the company and to cause “further financial losses.”

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Monday, August 1, 2022

China's Alibaba strives to keep New York listing amid audit dispute

Alibaba on Friday became the latest of more than 270 firms to be added to the US Securities and Exchange Commission's list of Chinese companies that might be delisted for not meeting auditing requirements.

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Everything we expect Apple to launch at its September 2022 event



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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...