Business Culture & Policy News Amazon confirms laying off another 9000 employees Amazon is reducing its workforce by the thousands, once again. In an… Soumyadeep SarkarMarch 20, 20232 minute read
Acquisitions Business Culture & Policy Global News Amidst global banking turmoil, UBS to bail out Credit Suisse by acquiring it in historic $3.2Bn deal Banking giant UBS Group AG has agreed to acquire Credit Suisse Group… Soumyadeep SarkarMarch 20, 20233 minute read
News Startups Flipkart-parent Walmart puts $200Mn in digital payments major PhonePe Fintech major PhonePe has secured an additional $200 million from its parent… Soumyadeep SarkarMarch 18, 20232 minute read
Business Global News 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… Soumyadeep SarkarMarch 18, 20233 minute read
Apps Internet News YouTube increases TV subscription prices to $72.99/month Streaming service YouTube TV just got more expensive – the company announced… Soumyadeep SarkarMarch 17, 20233 minute read
Global News Startups Stripe’s latest $6.5Bn fundraise puts valuation at $50Bn Digital payments giant Stripe announced on Wednesday, that it has signed agreements… Soumyadeep SarkarMarch 16, 20233 minute read
Internet News Startups Lenskart raises $500Mn from Abu Dhabi Investment Authority (ADIA) Confirming reports from last week, Lenskart has confirmed raising a $500Mn round… Staff@The Tech PortalMarch 16, 20232 minute read
Futurism Internet News OpenAI releases GPT-4, a new multimodal AI available to its paying users via ChatGPT Plus OpenAI, the parent behind the infamous AI chatbot ChatGPT, has announced the… Staff@The Tech PortalMarch 15, 20232 minute read
News Meta announces additional 10,000 job cuts in second round of layoffs Months after it laid off nearly 11,000 employees, world’s largest social media… Soumyadeep SarkarMarch 14, 20232 minute read
Futurism News Space SpaceX to test Starlink’s satellite-to-cellular connectivity with T-Mobile A future where we receive phone calls via space satellites in case… Soumyadeep SarkarMarch 14, 20232 minute read
Internet News Startups Venture Capital Y Combinator cuts jobs by 20%, to cut down on late-stage investments Startup-accelerator Y Combinator is joining the layoff brigade if the latest development… Soumyadeep SarkarMarch 14, 20232 minute read
Business Global News Startups HSBC is acquiring Silicon Valley Bank UK, says customers can bank as usual, all deposits safe In what is a last-minute deal of relief for a large chunk… Global Staff @ The Tech PortalMarch 13, 20232 minute read
Culture & Policy News Startups Venture Capital VCs step up to provide financial support to startups in the midst of SVB collapse The world of entrepreneurship is often associated with risk-taking and uncertainty, but… Soumyadeep SarkarMarch 13, 20233 minute read
Culture & Policy Global News FDIC, US Treasury take steps to protect SVB depositors, assure that money will be available on Monday The sudden collapse of Silicon Valley Bank (SVB) last week ensured that… Soumyadeep SarkarMarch 13, 20233 minute read
Business News 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… Soumyadeep SarkarMarch 11, 20233 minute read
Business Internet News Meta is ‘pausing’ Reels bonuses for creators in the US Social media company Meta is pausing its Reels Play bonus program in… Soumyadeep SarkarMarch 10, 20233 minute read
Business News 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… Soumyadeep SarkarMarch 10, 20232 minute read
Crypto News India adds cryptocurrencies and virtual assets within existing money laundering provisions The Indian government has taken a significant step to tighten regulations around… Soumyadeep SarkarMarch 9, 20232 minute read
Culture & Policy Internet News Google set to hold its annual I/O conference on May 10 with a limited live audience Google has announced that it will hold its annual I/O Conference on… Soumyadeep SarkarMarch 9, 20233 minute read
Business News Meta employees brace for more layoffs Meta, the parent company of popular social media platforms Facebook, Instagram, and… Soumyadeep SarkarMarch 8, 20232 minute read
Gadgetry Global News Apple’s next-gen 24-Inch iMac with M3 chip likely to hit shelves in second half of 2023 Apple is reportedly preparing to release a new version of its 24-inch… Soumyadeep SarkarMarch 6, 20232 minute read
