1.Kabeer Biswas to head Walmart-owned Flipkart’s ‘Minutes’ operations. 2.Flipkart aims to strengthen its quick commerce presence in India. 3.Biswas’ experience at Dunzo expected to drive competitive advantage. Kabeer Biswas, co-founder of the instant delivery platform Dunzo, will reportedly lead Walmart-owned Flipkart’s quick commerce operations under the brand ‘Minutes.’ Biswas, who founded Dunzo in 2014 as a WhatsApp group providing pick-up and drop services, brings a wealth of experience to the role. Flipkart is looking to leverage his expertise to strengthen its position in India’s rapidly growing quick commerce market. The…
Read MoreCategory: Business
Business
“Elon Musk Donates 268,000 Tesla Shares in Year-End Philanthropic Move”
Tesla CEO Elon Musk has donated 268,000 Tesla shares, valued at approximately $60 million, in a year-end charitable contribution. The filing, disclosed to the U.S. Securities and Exchange Commission, highlights Musk’s philanthropic efforts and may also reflect strategic tax planning. This significant donation follows Musk’s history of large-scale charitable giving. In 2023, he donated $1.9 billion worth of Tesla shares to undisclosed charities, signalling a continued commitment to supporting global causes. Focus on Philanthropy: While the recipient organization(s) of the latest donation remain undisclosed, Musk’s past contributions have supported education,…
Read More“Apple Achieves Record Revenue in Q3 2024, Driven by Strong iPhone and Services Sales”
Apple has announced its financial results for the third quarter of 2024, posting a record-breaking revenue of $123.9 billion, a 12% increase year-over-year. The remarkable performance was fueled by robust sales of iPhones and a surge in the company’s services sector, including subscriptions to Apple Music, iCloud, and the App Store. Highlights of Apple’s Q3 2024 Performance: iPhone Sales Dominate: The iPhone 15 series continued to be a top seller globally, contributing significantly to the company’s revenue. Services Revenue Surge: Apple’s services division, which includes Apple Pay, Apple TV+, and…
Read MoreToyota Unveils Satellite Internet Service to Rival Elon Musk’s Starlink, Envisions Future of Connectivity in Mobility
Toyota has officially announced plans to launch its own satellite internet service, positioning itself as a direct competitor to Elon Musk’s Starlink. The company’s chairman, in a statement, emphasized that “the future of mobility shouldn’t be limited to transportation,” signaling a major shift in Toyota’s strategy to redefine how vehicles stay connected. The new service will provide high-speed, reliable satellite internet access for vehicles, especially in remote areas where traditional connectivity options are limited. Toyota aims to integrate this service into its fleet of cars, trucks, and other vehicles, ensuring…
Read More“Apple Employees, Including Indians, Fired Over Charity Matching Fraud Scheme”
Apple has terminated several employees, including a number of Indians, following an internal investigation into a salary fraud scheme involving its charity matching program. The employees were found to have exploited the program by falsifying donation receipts and inflating charitable contributions to receive matching funds from the company. The company’s charity matching program, which encourages employees to donate to eligible charitable organizations by matching their contributions, was meant to support philanthropic efforts. However, an internal audit revealed that some employees had manipulated the system for personal gain by submitting fraudulent…
Read More“Two Indian Companies Charged by US Authorities for Supplying Ingredients for Fentanyl Production
In a significant legal action, Two Indian companies have been charged by U.S. authorities for their involvement in the importation of key ingredients used in the production of fentanyl, a powerful and highly addictive synthetic opioid. The charges come as part of a broader effort by the United States to combat the escalating opioid crisis, which has claimed thousands of lives due to fentanyl-related overdoses. The two companies, which have not been named in official reports, are accused of shipping large quantities of precursor chemicals to manufacturers in the U.S….
Read MoreFlipkart Founder Sachin Bansal in Talks to Sell Stake in Ola
In a surprising development, Sachin Bansal, the founder of e-commerce giant Flipkart, is reportedly looking to sell his stake in Bhavish Aggarwal’s ride-hailing company, Ola. According to a report by the Economic Times, Bansal has initiated discussions to offload his shares in the company, signaling a potential shift in his investment strategy. Bansal, who is known for his strategic investments in various tech ventures, joined Ola’s shareholder list in the past, alongside other notable investors. The decision to divest from the company could have significant implications, given Ola’s ambitious plans…
Read MoreRupee Steady at 85.79 Against U.S. Dollar in Early Trade
The Indian rupee remained stable at 85.79 against the U.S. dollar in early trading on January 6 as currency markets showed little movement despite global economic uncertainties. The rupee opened flat in the session, holding steady after fluctuations in the previous week. Experts attributed the stability to a balance between dollar demand from importers and foreign fund inflows. The Indian currency has been under pressure in recent months due to rising oil prices and global interest rate hikes, but the Reserve Bank of India’s (RBI) intervention is believed to be…
Read MoreMarkets Trim Early Gains as Foreign Fund Outflows and Earnings Season Caution Weigh
Indian equity markets gave up early gains on January 6, reflecting investor caution driven by persistent foreign fund outflows and apprehensions ahead of the upcoming earnings season. After opening in positive territory, key indices such as the BSE Sensex and NSE Nifty witnessed a reversal, with selling pressure emerging across sectors. Analysts attributed the volatility to concerns over global economic conditions and the impact of rising interest rates on corporate profitability. Foreign institutional investors (FIIs) continued their selling spree, pulling funds out of Indian equities in favor of safer assets…
Read More16Scores: Revolutionizing Esports Data, Live Updates, and Marketing
16Scores is an innovative platform dedicated to delivering real-time updates and comprehensive data for eSports enthusiasts, players, and organizers. Designed to cater to the fast-paced world of competitive gaming, 16Scores offers a seamless experience by providing live match tracking, detailed player statistics, team performance analytics, and tournament schedules across multiple eSports titles. In addition to being a hub for eSports data, 16Scores goes a step further by offering specialized social media marketing services. Our goal is to amplify engagement for teams, tournaments, and players by crafting targeted strategies that boost…
Read More