About Author
Pankaj Singh
Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605
Contribution by Pankaj Singh
Tesla closes San Mateo office as it lays off 229 autopilot employees
The company failed to provide any advanced notice during the layoffs, which is required by federal law. The remaining 47 staff members out of 276, are expected to be hired by Tesla's Buffalo Autopilot office. Automotive major Tesla Inc. has reportedly dismissed 229 staff from its autop... Read More
Byju’s yet to complete USD 800 Mn funding over ‘macroeconomic reasons’
Byju's, an Indian edtech giant, is reportedly facing difficulty in securing USD 800 million in funding as valuations are being weighed down by the global economy as well as the technology downturn. A Byju's spokeswoman stated that investors like Sumeru Ventures and Oxshott haven't tra... Read More
GoHenry enters Europe with strategic buyout of French startup Pixpay
U.K.-based GoHenry, financial education and pre-paid debit card service provider designed mainly for children, has reportedly diversified into Europe with the acquisition of French startup Pixpay. For those unaware, GoHenry was established in London in 2012 and has since surfaced as one of the pr... Read More
Apple’s new Lockdown Mode offers better protection from malpractices
Apple Inc. released the Lockdown Mode, a new smartphone software feature developed to protect targeted users from state-sponsored hackers. These users could include politicians, activists, and other influential people. Notably, the Lockdown Mode will disable several functionalities on the iPhone ... Read More
Several factory workers file lawsuit against Tesla for racial abuse
Tesla Inc. is reportedly facing serious allegations of racial discrimination from many former and present employees, who have accused the corporation of failing to act on racist remarks and behavioral patterns prevalent on the production floor. Sources claimed that this lawsuit in California cour... Read More
Tata Motors looking to sell 50,000 electric vehicles by March next year
According to Tata Motors Chairman N Chandrasekaran, the company is planning to sell roughly 50,000 electric cars (EVs) in the fiscal year 2023–2024. To date, Tata Motors has sold 19,105 EVs in 2021–2022, a 353% increase from the prior fiscal year. Chandrasekaran also mentioned th... Read More
Karolinska Development adds PharmNovo to its portfolio of companies
Sweden-based life sciences investment company Karolinska Development has reportedly completed its investment in PharmNovo, thus making the clinical pharma company the tenth entity in Karolinska’s portfolio. Karolinska Development has invested USD 1.9 million (SEK 20 million) in PharmNovo, t... Read More
Matter Health secures USD 35 Mn in Jordan Park-led Series A funding
Healthcare startup Matter Health has reportedly secured USD 35 million during a Series A funding round that was spearheaded by Jordan Park Group. The company, which specializes in simplifying healthcare for seniors, intends to further solve health crises for adults using fresh funds. For those un... Read More
B2B retail tech platform Arzooo bags USD 70 million in Series B funding
Following a previous funding round of USD 85 million, India startup Arzooo has reportedly raised USD 70 million via financing to bring the best of e-commerce to physical stores and scale its platform to the South Asian market. Trifecta Leaders Fund and SBI Investment led the latest fundraising, w... Read More
Walmart sued by FTC for fraudulent money transfer deeds worth millions
The Federal Trade Commission (FTC) of the United States has reportedly sued Walmart Inc. insinuating that the company did almost nothing to prevent scammers from using its money transfer services to defraud customers that cost them millions of dollars. Notably, aside from being a retail chain, Wa... Read More