Data Science For News Today

DoorDash said its net loss narrowed to $23 million in the first quarter, compared to a loss of $161 million in the same period a year ago. The loss, of 6 cents per share, was higher than the 3-cent loss Wall Street had forecast, according to analysts polled by FactSet. DoorDash said it increased both marketing expenses and research costs during the quarter.

As part of this five-year partnership, approximately 300 engineers from Forvias Augsburg (Germany) and Bangalore (India) sites, have transferred to LTTS

Kaiser Permanente to invest $200-250 million in Innovaccer, with valuations dropping to 10-15x. Mubadala joins the new round. Innovaccer digitizes patient data for US healthcare firms like Orlando Health, MercyOne, and CommonSpirit Health.

Micron Indias Sanand unit focuses on exporting chips. Anand Ramamoorthy highlights global demand, partnerships, and multiple sector usage. Emphasis on agility and talent scarcity in niche sectors like cybersecurity.

Paytm Money, the wealth management platform of One 97 Communication, has replaced chief executive Varun Sridhar, at the helm since 2020, with Rakesh Singh. Singh was the chief executive of broking services at Fisdom, a PayU-backed fintech.

IT firms in southern India prioritize employee wellbeing during the scorching summer. Companies implement measures like webinars, flexible work hours, and enhanced facilities. Employees are urged to stay hydrated, limit commuting, and return to offices post-pandemic for health benefits.

Nirdosh Chouhan is a member of the founding team at Agilitas Sports. He will lead tech at Agilitas.

Cyberattacks exploiting vulnerabilities tripled in 2023, driven by MOVEit. Extortion rose while stolen credentials fell. Financially motivated incidents had a $46,000 median loss. Concerns persist around GenAI and deepfakes in cyber threats.

RBI cautions banks on gold loan disbursement concerns through fintechs like Rupeek, IndiaGold, and Oro Money. Banks evaluating next steps post IIFL Finance issue. Asset quality improved at Rupeek, with partnerships with Federal Bank, Indian Bank, and South Indian Bank.

Licious founders plan 500 stores in 5 years with 6% operating profit margin. Targeting profitability by FY25, focusing on offline strategy. Improved demand forecasting and introduced subscription model for growth.