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cryptocurrency: FTX sues founder Sam Bankman-Fried's parents

FTX s lawsuit alleges that Bankman and Fried accepted a $10-million cash gift and a $16.4-million luxury property in the Bahamas from FTX, even as the company teetered on the brink of collapse. Bankman and Fried also pushed FTX to make tens of millions of dollars in charitable contributions, including to Stanford University, FTX said. ....

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instacart: Instacart soars 40% as it begins trading, an encouraging sign for tech IPOs

Instacart s market capitalization, including all outstanding shares, totaled $13.9 billion. But even with the stock price pop, the company s valuation remained a far cry from the $39 billion that investors assigned it in the private market in 2021. ....

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Indian IT is seeing green shoots amid macro storm: Nasscom Chair Rajesh Nambiar

Rajesh Nambiar, the newly-appointed chairperson of IT industry body Nasscom, said a strong deal pipeline in the fiscal first quarter and increasing investments to leverage Generative Artificial Intelligence (GenAI) are positive signs. ....

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