Flipkart makes $700 million payout to employees following PhonePe split
Flipkart commenced a $700 million “one-time discretionary” cash payout to employees on Friday, the single-largest such compensation in the Indian startup ecosystem. The Walmart-backed Bengaluru-headquartered startup is compensating employees for the separation of fintech PhonePe from the e-commerce group, a move that devalued Flipkart’s shares. The two firms completed a
Read moreIndia’s Chandrayaan-3 blasts off to the moon
Chandrayaan-3, India’s third mission to the moon, has taken off successfully — almost four years after its predecessor failed to touch down on the lunar surface in 2019. On Friday, the Indian Space Research Organization (ISRO) launched its ‘Launch Vehicle Mark-III’ rocket carrying the next Chandrayaan (Sanskrit for “moon vehicle”)
Read moreHashtag Trending Jul.14-Tech layoffs impact Indian outsourcers; New approach to the cost of AI processing; Right to be forgotten and AI
Tech layoffs impact Indian outsourcers and what does that mean for North America outsourcers and MSPs. A new approach to the “eye-watering” cost of AI processing and the right to be forgotten – how does that apply to AI. And yes, Elon Musk announced a new AI he’s founding
Read moreEvolving Cybersecurity Complexities Demand Expert Skills and Robust Solutions
The evolution of cybersecurity complexities continues, and organizations now require expert skills and robust cybersecurity solutions to effectively safeguard their sensitive data and systems. Disturbingly, reports indicate that 40% of South African companies are struggling to find and retain cybersecurity talent, while 64% agree that the shortage of cybersecurity capabilities
Read moreKenya’s Lawyers Hub gains traction helping startups meet regulatory compliance
African startups clashing with regulators due to non-compliance are often faced with far-reaching consequences, including some that render their businesses defunct or inoperable in some markets – as was experienced by some scale-ups last year. Non-compliance incidents are pervasive in Africa’s startup community, often due to the lack of proper
Read moreBeware of Apple Gift Card Scam
Apple warms about a string of scams circulating the internet asking people to make payments over the phone for things like taxes, hospital bills, bail money, debt collection, and utility bills. They issue a warning that scammers are utilizing various methods to carry out these scams. One way in which
Read moreGoogle Play Games beta for PC expands to over 60 new countries including India
Google has finally launched its Play Games beta for PC project, which lets users play Android games on their Windows systems, in India after introducing it in more than 50 countries. The program is also being expanded to 60 other countries — including Argentina and South Africa, bringing the total
Read moreCongress prepares to continue throwing money at NASA’s Space Launch System
Congress will pour billions more dollars into the Space Launch System (SLS) rocket and its associated architecture, even as NASA science missions remain vulnerable to cuts. Both the House and Senate Appropriations Committees recommend earmarking around $25 billion for NASA for the next fiscal year (FY 24), which is in
Read moreMaking sense of the latest climate tech funding trend stories
Last year, when venture capital’s fiery streak cooled, climate tech held strong with tens of billions in deals despite geopolitical instability, hiked-up interest rates and crypto chaos. Still, the state of the sprawling, tricky-to-define sector was never easy to pin down; that’s as true as ever today. So, where do
Read moreElon Musk sues four unknown individuals for scraping Twitter’s data
Image: Laura Normand / The Verge The Elon Musk-owned X Corp. is suing four unnamed individuals over allegations they illegally scraped user data from Twitter, as first reported by CNBC. The lawsuit was filed in a Dallas County, Texas, court on July 6th and seeks over $1 million in damages.
Read more