Monday, November 21, 2022

Systems, protocols in place to avoid FTX-like crisis: Indian crypto companies

Leading crypto investment platform Mudrex said it always keeps investors informed on all activities regarding their funds; it does not take any leverage or operate any credit on investor funds; its assets are stored securely and backed with real assets at 1:1; and it uses separate hot/warm/cold wallets for storage and transactions.

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Tesco Business Services appoints Sanjay Dora as COO

In his new role, Dora will be responsible for smooth management of operations, compliance, governance, and providing country leadership to Tesco Bengaluru, according to a press release.

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ET Startup Awards 2022: Big valuation reset coming for Indian startups next year, says Flipkart’s Kalyan Krishnamurthy

Indian startups will go through a lot of turmoil and volatility over the next 12-18 months, Krishnamurthy said, speaking at the Economic Times Startup Awards 2022.

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Twitter job cuts: Elon Musk likely to fire more employees; now to target sales, partnerships teams



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The Economic Times Startup Awards Special

​​Several hot-button issues were discussed on the sidelines of the ceremony, which featured a panel discussion and speeches by union ministers Piyush Goyal and Ashwini Vaishnaw, and Karnataka chief minister Basavaraj Bommai.

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ET Startup Awards 2022: A moment of truth awaits Indian startups

A high-powered panel, with some of the top names from India’s tech brigade, took stock of the market headwinds triggered by inflationary pressures and rising interest rates and looked for ways for new-age firms to balance their growth and profitability.

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Sunday, November 20, 2022

India to take over Chair of Global Partnership on AI for 2022-23

In the election to the Council Chair, India had received more than a two-thirds majority of first-preference votes while Canada and the United States of America ranked in the next two best places in the tally - so they were elected to the two additional government seats on the Steering Committee.

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Collapsed FTX owes nearly $3.1 billion to top 50 creditors

The exchange owes about $1.45 billion to its top ten creditors, it said in a court filing on Saturday, without naming them.

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ET Startup Awards 2022: Eyeing $6-7 trillion goods, services exports by 2047, says Piyush Goyal

Commerce and industry minister Piyush Goyal on Saturday said that India is looking at $6-7 trillion of exports of goods and services by 2047 and many countries want to enter into free trade agreements or an economic partnership with the country today.

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Donald Trump snubs Twitter after Elon Musk announces account reactivation

Donald Trump said he would stick with his new platform Truth Social, the app developed by his Trump Media & Technology Group (TMTG) startup, which he said had better user engagement than Twitter and was doing "phenomenally well".

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V Vaidyanathan’s closing address at ET Startup Awards 2022, watch!



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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-...