Gloomy quarter for fintech startups
No companies from the fintech space went public in Q1 2023, and there were no new entrants in the unicorn club….reports Asian
SoftBank offloads its VC arm
The acquisition comes after SoftBank and its Vision Fund registered huge financial losses amid the overall slump in the world of technology…reports
Intel, ARM strike ‘chip’ deal
Intel is currently investing in leading-edge manufacturing capacity around the world to serve sustained long-term demand for chips….reports Asian Lite News In
Raj Neervannan-cofounded AlphaSense keen on India
Headquartered in New York City, AlphaSense employs over 1,000 people across offices in the US, the UK, Finland, Germany, and India….reports Asian
EY U-turns on ‘Project Everest’
The plan came as regulators called for major industry reforms over conflict of interest and poor working practices…reports Asian Lite News Accounting
‘One of the bright spots’, IMF hails Indian economy
The Indian economy had fared far better in those years than the IMF had estimated and, therefore, had “less room for catching
Hyundai’s EV plans are getting bigger
The move is in line with global carmakers’ plans to fill their lineups with zero-emission vehicles to help slow the pace of
Tim Cook set to unveil India’s first Apple store
Reports surfaced earlier this year that Cook-led Apple will quickly shift some of its China manufacturing to India and Vietnam in the
e& to acquire majority stake in Careem Super App
e& is investing $400m to become a majority shareholder in Careem’s Super App alongside Uber and all three of Careem’s co-founders…reports Asian
No new unicorn in 3 months as funding falls
There were no new unicorns created in the January-March period, compared with 14 unicorns in Q1 2022…reports Asian Lite News Indian startups