Page 16 - Tech Top News Today

Well soon meet in your inbox. Please wait... The transaction will trigger a mandatory open offer for the purchase of up to 26% additional shares of the company from the public shareholders and the acquiring entity has released a public announcement to the stock exchanges, the company said in a statement. Based on the open offer subscription, the blended purchase price will vary between Rs 1,452 to Rs 1,497 per share (12-16% premium to 12-month average price and 3-6% discount to 6-month average...

Well soon meet in your inbox. Please wait... The government welcomes criticism, genuine requests for help as well as suggestions in the collective fight against Covid-19, but it is necessary to take action against those users who are misusing social media during this grave humanitarian crisis for unethical purposes, one of the people said. The Ministry of Electronics and Information Technology (MeitY) ordered blocking of the posts on a recommendation from the Ministry of Home Affairs. On Saturd...

Well soon meet in your inbox. Please wait... Screwvala declined to comment on the details during an interaction with ET. “We are not a unicorn yet. But we are not too far behind,” he said. Screwvala, who founded UTV Motion Pictures in the 1990s which was later acquired by Walt Disney Company, has so far ploughed about $25 million of his own capital in upGrad since it was founded. Apart from Screwvala, upGrad’s founding team includes Mayank Kumar and Phalgun Kompalli. The online education ...

Well soon meet in your inbox. Please wait... Devastated to see the worsening Covid crisis in India. Google & Googlers are providing Rs 135 Crore in funding to… https://t.co/yOiEFLFiCy— Sundar Pichai (@sundarpichai) 1619409234000 Google India Country Head Sanjay Gupta in a blog post said that the company will work with local governments in India to support them during the crisis. "Our Google community and their families are feeling the devastating impact, too. We’re asking ourselves what ...

Well soon meet in your inbox. Please wait... This medical equipment will be donated to hospitals and public institutions to augment their capacity to help Covid-19 infected patients across multiple cities, it added. The first of these consignments will land in Mumbai on late Sunday night (on April 25) and a majority of the shipping is expected to be completed by April 30, it said. In time of severe COVID-19 impact, we stand firmly with India, deploying our global logistics network to procure &...

Well soon meet in your inbox. Please wait... “The proceeds will be used for curriculum and product innovation. Our goal is to continue to reach more schools and students,” said Sumeet Mehta, CEO and co-founder, Lead School, in an interview with ET. Last year in August, the company had picked up $28 million in a funding round led by WestBridge Capital and Elevar Equity. WestBridge is also an investor in Vedantu, an online tutoring platform. Lead School has partnered with over 2,000 schools....

How Mark Zuckerberg and Tim Cook became foes SECTIONS Last Updated: Apr 26, 2021, 07:32 PM IST Share PTI SAN FRANCISCO — At a confab for tech and media moguls in Sun Valley, Idaho, in July 2019, Tim Cook of Apple and Mark Zuckerberg of Facebook sat down to repair their fraying relationship. For years, the CEOs had met annually at the conference, which was held by the investment bank Allen & Co., to catch up. But this time, Facebook was grappling with a data privacy scandal. Zuckerberg had bee...

More and more people calling in sick even as demand hits a high

Offline traders up in arms over Karnatakas move to allow only e-commerce on weekdays SECTIONS Last Updated: Apr 23, 2021, 11:08 PM IST Share Synopsis They were all asked to close their businesses by the police on Thursday citing an amended notification which caught both businessmen and transporters by surprise ETRetail Offline traders have erupted in anger over Karnatakas decision to allow only e-commerce companies to deliver all items on weekdays during the period of partial lock extending up ...

Mamaearth eyes $80-100 million at $350-400 million valuation SECTIONS Share Synopsis Mamaearth began with a focus on baby-care products, but has pivoted to become a personal care brand. Sequoia and Fireside may lead round, say sources. ETtech Illustration: Rahul Awasthi Direct-to-consumer personal care brand Mamaearth is raising $80-100 million (Rs 600-750 crore) from its existing investors, valuing the company at $350-400 million. Sequoia Capital and Fireside ventures might be leading this rou...