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Silicon Valley Bank parent SVB Financial files for Chapter 11 bankruptcy protection

Days within SVB’s dramatic collapse, the parent firm of Silicon Valley Bank…

US regulator FDIC takes charge of Silicon Valley Bank, to resume banking starting Monday

In what serves as the epilogue to its recent journey, Silicon Valley…

Meta is ‘pausing’ Reels bonuses for creators in the US

Social media company Meta is pausing its Reels Play bonus program in…
Lenskart

Lenskart nears $500Mn investment from Abu Dhabi’s sovereign wealth fund, ADIA

India’s Lenskart, which is eyeing to become one of the largest eyewear…
Meta AI bug exposed private chats

Meta employees brace for more layoffs

Meta, the parent company of popular social media platforms Facebook, Instagram, and…
South Korea boosts chip support amid tensions.

Softbank looks to list British chipmaker Arm in the US to raise $8Bn: Reuters

With the economic climate heading towards recession in most parts of the…

Reserve Bank of India fines Amazon Pay

Indian business of Amazon Pay – the UPI-based digital payment system run…
Robotaxis vandalized, Waymo halts LA service

Alphabet’s moonshots impacted in fresh layoffs, 137 employees laid off in Waymo

Instances of layoffs have been increasingly frequent over the past months, as…
Delhivery profits after previous year's loss

SoftBank reportedly sells ₹600 crores worth of Delhivery shares, offloads 3.8% stake

SoftBank has been, in recent times, looking to wind down its investments…

Meta forms a new AI product team

Swift popularity of ChatGPT has opened the floodgates for multiple tech companies…

Ola signs MoU with Tamil Nadu govt, to invest ₹76.1 billion to build world’s largest EV hub

With the rapid push for the electrification of vehicles, the onus is…

Uber to buy 25K EVs in India from Tata Motors for its electric cab fleet

Recent times have seen the ride-hailing industry jump the EV wagon, with…
Tencent

Tencent says reports of shutting down XR business untrue, says it is making personnel adjustments

Following a media report that it was eliminating roles across its “extended…
Google to build massive India data center

Epic Games files appeal against Google in India for alleged non-compliance of anti-trust order

It seems Google’s recent Android setback in India, perhaps was just the…

InsuranceDekho nabs $150Mn from Goldman Sachs, TVS Capital, plans expansion in Tier 3/4 towns across India

At a time when the funding winter has made it difficult for…

Drone upstart Garuda Aerospace gets $22Mn in Series A

With the promising future of the Indian drone industry, it is unsurprising…
Yahoo

Yahoo to layoff nearly 20% of its workforce as part of adtech unit restructuring

As advertisers continue to pull back on spending and pare back their…
Quick-commerce firms accused of predatory pricing

Zomato clocks 75% rise in revenue for Q3 FY23, net loss widens to ₹347 crore

Zomato’s shares rose slightly (to ₹54.60 per share) on Thursday as the…