Indian start-ups breathed a sigh of relief after the UK government facilitated the acquisition of the now-defunct Silicon Valley Bank's (SVB's) British arm by HSBC. In a bid to allay fears, the US Federal Deposit Insurance Corporation (FIDC) announced recently that it had transferred all deposits of start-up-focused SVB to a newly created bridge bank and all depositors would have access to their money. President Joe Biden also sought to reassure jittery depositors that they can have confidence that the US banking system is "safe".
'Investors see India picking up again after years of slack'.
The bill, however, has to be passed by the Senate, wherein the Republicans enjoy a majority, before it can be signed into law by the US President Donald Trump.
A Silicon Valley IT company in the US has been ordered to pay $40,000 in back wages to eight Indian workers who worked up to 122 hours a week and received as little as $1.21 an hour.
Expect heightened volatility and stress to hit the markets. Caution may be the need of the hour, alerts Akash Prakash.
Cook meets the 65-year old prime minister in New Delhi on Saturday, and will be hoping Modi's enthusiasm for phones can help Apple as it tries to bolster sales in India.
Indian-American Ro Khanna on Saturday conceded defeat after giving the seven-term Congressman and incumbent Mike Honda the toughest fight of his life for the Silicon Valley Congressional seat.
Social media behemoth Facebook on Friday said the account of former United States President Donald Trump will remain suspended for two years, and post that period it will re-assess the ban.
In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.
Amazon committed a fresh investment of $3 billion, in addition to the $2 billion it announced in 2014.
Now White House would carry out its review of the proposed regulation, take inputs from various agencies, before taking a final call. The entire process could take from a few weeks to several months.
Ajit Balakrishnan on keeping an eye on democratising finance in India.
In a major victory for Facebook, a United States court has ruled that it can block content without any explanation after a Sikh group filed a lawsuit challenging the blocking of its social media page.
Nasscom is sending team there to check out ways of accessing markets, funding and the technology landscape.
Should we not stop uncritically celebrating NRIs' elevation without regard to what kind of companies they are getting to run, and the nature of their products or business practices, asks T N Ninan.
Pelosi also praised Prime Minister Narendra Modi's communication skills at the event.
Prime Minister Narendra Modi announced the launch of the new flight at the SAP center cheering up thousands of Indians.
Qualcomm has been playing a key role driving India's wireless revolution
Bulk of the medicine sales in the $22-24 billion domestic pharma market happens through offline retail chemists. With the entry of online pharmacies, this space has started to witness a shake-up. Sample this: Dawaa Dost, a Rajasthan based digital health start-up, generates medicine orders from 'kirana' stores and women self-help groups (SHGs) that operate in villages, and then service these orders through its affiliated network of pharmacies. Biddano, another health-tech start-up, has a platform that acts as an aggregator for neighbourhood chemist shops.
Khosla said 85 per cent of Indian e-commerce firms were over-valued.
And the First Lady Melania was in tears -- not of joy -- after hearing about the surprise win.
'Today, the gift of a good education and the opportunity it creates are out of reach for millions of struggling Californians. That's why I'm running for governor -- to create jobs and give kids a quality education. Jobs and education. That's it. That's my platform'. Neel Tushar Kashkari, the son of Srinagar-born and raised Kashmiri Pandit immigrants, throws his hat in the ring for California governor.
The data reimbursed via Gigato is unrestricted.
Technology can certainly gain India membership in the comity of modern nations in the 21st century.
Slowing funding cycles for early-stage companies, freshers opting for more established firms, and many opting for places with better infrastructure are slowly taking away Koramangala's tag of 'India's Silicon Valley'.
US space agency aims to start testing the first such vehicle by the end of 2015
Xioami, currently the world's third-largest smartphone maker, is now planning to raise about $1.5 billion in its fifth round of financing, media reports said.
The words 'industry', 'industrial development', 'jobs', and 'employment' have been ringing with higher frequency since Mamata Banerjee stepped into her third term with landslide victory after a high-octane election last year. "Our government's next target is industrial development," the chief minister (CM) had been heard stating at different public meetings in the past few months - perhaps setting the tone for the sixth edition of the Bengal Global Business Summit (BGBS) slated for later this month. Investor summits by any state are about intent, big numbers, and tall claims. Yet in competitive federalism, its importance as a marketing tool is undeniable.
Bengaluru added four of the eight new innovation centres to emerge as the fifth global hub for innovation.
Days before Narendra Modi arrives in the US to speak at the UN, meet Barack Obama, gupshup with the likes of Nadella, Pichai, Zuckerberg, and address desis in Silicon Valley, his ministers will help set the commercial and strategic tone for the prime minister's visit.
MUrgency is slated to launch services in Amritsar and Jalandhar in the last week of May and cover the entire state by June end.
Going on the counteroffensive, the Congress will be giving privilege motions against Bharatiya Janata Party leader Subramanian Swamy and Defence Minister Manohar Parrikar in Rajya Sabha on Friday
The Emmy nominations for 2018.
Tech start-ups will continue to take the lead in bolstering the regional economy, says Murali Talasila.
Twitter condemned the use of its platform to promote terrorism.
The prime minister was impressed with the speed at which the apps designed by young programmers delivered results -- whether it be addressing problems like women's safety, and farmers and weather-related issues.
The two Congressmen are Mario Diaz-Balart and Ben McAdams.
The first fatality from COVID-19 was reported from the Washington state on February 26.
This is a significant move by Facebook considering the backlash it had from various quarters in India following debates on net neutrality
Had the slain Indian-American engineer stayed in India, he would have earned less but his life might have been spared, Sunanda K Datta-Ray says, pondering the question of where one belongs.
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