Softbank leads $500Mn round in China’s Didi’s self-driving unit
Chinese ride-hailing giant Didi Chuxing has acquired $500 million for its autonomous vehicle sector in its first fundraising round led by Softbank Vision Fund 2. The round also…
Indian airline Spicejet’s ‘SpiceXpress’ recieves government approval for drone trials
Spicejet‘s freighter arm SpiceXpress has received the Indian aviation regulator DCGA’s (Directorate General of Civil Aviation) approval to conduct drone trials, the company announced today. The service will…
Google warns limited users in India who were targeted by state sponsored cyberattacks
Google’s security experts have notified between 51-100 Indian users that their accounts were targets of “state-sponsored” attackers in April, the tech giant announced in its blog post dated…
Softbank Vision Fund to lay off 10% of its workforce following historic losses
Following a $17.7 billion loss amid crumbling valuations of portfolio startups, Softbank Vision Fund has decided to lay off 10% of its workforce. The job cuts will reportedly…
Sensitive information of over 29 million Indian jobseekers leaks online
A regular sweep of the internet by cyber security firm Cyble uncovered leaked data of over 2.9 crore Indian job-seekers, posing almost as an open invitation for gross…
Amazon in advanced talks to acquire autonomous vehicle start-up Zoox: WSJ
Amazon is reportedly devising a major venture into the autonomous vehicle industry. The e-commerce-to-cloud giant is said to be in “advanced” talks, to acquire self driving start-up Zoox, …
Reserve Bank of India clarifies no restrictions on banks providing accounts to crypto traders
While the provision of bank accounts for cryptocurrency traders has been a contested issue, the Reserve Bank of India confirmed last week that there is no prohibition on…
China’s Meituan hits $100 billion valuation mark, reports better-than-expected earnings
The latest financial quarter seems to have come as a mixed bag for Hong-Kong listed, Chinese tech giant Meituan. The company’s shares hit a new high bringing its…
China to launch its first rover mission to Mars come July
In an effort to emerge as a competitive player against the US in space as well, China has decided on a July launch date for its Mars mission.…
In a massive data breach, over 8 billion Thai internet user records leaked
Over 8 billion Internet records of Thai users on country’s largest network AIS were reportedly being leaked through a database that has now been secured. The data contained…
Netflix offers free upgrades for new subscribers of basic and standard plans in India
Netflix’s new marketing tactic offers users a tease of an upgrade, inviting them to switch to the more expensive plans. New Indian subscribers who choose the basic or…
Amazon India opens up 50,000 contractual jobs as ecommerce demand surges
In stark contrast to the overwhelming figures of company layoffs, Amazon India has decided to create 50,000 seasonal jobs across fulfilment and delivery networks. The move comes as…
Mark Zuckerberg talks about continued remote working for employees, dynamic pays and new Facebook offices
Mark Zuckerberg’s latest overview of Facebook’s plan of action includes pioneering moves over the next decade. The tech giant plans to embrace remote working even when COVID-19 is…
Samsung could launch its next flagship series, Galaxy Note 20 in an online-only event in August
Against the background of the pandemic, most smartphone companies have either delayed the launch of their devices or resorted to simple press releases and online events. Samsung’s next…
Google and Apple’s joint COVID-19 contact tracing API now available to health authorities
Apple and Google have launched the first public version of their contact tracing API, that enables public health agencies across the world, to build apps that use ‘contact…
Ola lays off 1400 employees as COVID-19 sends revenues crashing
Joining the list of Indian unicorns laying off large number of employees, Ola is reportedly laying off 1400 employees from its rides, financial services and food businesses. The…
Facebook announces ‘Shops’ to help small businesses build a digital storefront amid coronavirus lockdowns
Facebook’s new intervention could help small businesses get some relief amid the economic implications posed by the pandemic. The tech giant has launched “Shops” on both Facebook and…
YouTube launches ‘Youtube Select’ to tap into ad revenue through viewers who screen content on TV
In an effort directed at more lucrative advertising, YouTube has launched a programme to reach more valuable viewers who watch content on TV screens. The move comes at…
SoftBank could sell $20Bn worth of T-mobile stake to pare Vision Fund losses: Report
Softbank is reportedly selling part of its stake in T-Mobile through a secondary offering, which is likely to be underwritten by Goldman Sachs and Stanley Morgan. According to…
Moderna’s COVID-19 vaccine shows promise in early trials
Humanity may finally be close to developing a COVID-19 vaccine. Moderna’s vaccone candidate, which was the first to be tested on human in the U.S has appeared to…
Softbank records historic $18 Billion loss as startup investments crumble
Softbank’s latest financial reports reveal an overall operating loss of 1.36 trillion Yen and a net loss of 961.6 billion Yen recording the conglomerate’s worst losses in its…
