Dutch-listed technology investor Prosus NV has slashed the valuation of Indian edtech startup Byju’s to $5.1 billion, according to a TechCrunch report.
India’s Employees Provident Fund Organisation observed a shortfall in Indian edtech startup Byju’s from August last year to May 2023, labour ministry sources told Reuters on Tuesday.
Asset management giant Fidelity is close to submitting its filing for a spot bitcoin exchange-traded fund (ETF), the Block reported on Tuesday citing a source familiar with the matter.
Siemens Energy on Tuesday said it was among the targets of the MOVEit hack that has hit several corporations and institutions in recent weeks, adding no critical data had been compromised and its operations remained unaffected.
Faraday Future Intelligent Electric has received $90 million in funding commitment from its existing investors, the electric-vehicle startup said on Tuesday, sending its shares up about 5%.
A U.S. judge has rejected Apple’s bid to throw out a class-action lawsuit that accused Chief Executive Tim Cook of defrauding shareholders by concealing falling demand for iPhones in China.
The top U.S. consumer finance watchdog on Tuesday said it had fined the Nebraska payment processor ACI Worldwide $25 million for improperly processing more than $2 billion in mortgage payment transactions without customer authorization.
Belgian group Avesta Battery & Energy Engineering (ABEE) is planning a 1.4 billion euro ($1.53 billion) battery plant in Romania’s Galati, creating up to 8,000 jobs, the city’s mayor said on Tuesday.
Artificial intelligence and quantum computing startup SandboxAQ on Tuesday said it has won a U.S. government contract for military cyber security in a deal that includes Microsoft and Deloitte & Touche (DLTE.UL) as subcontractors.
When former Samsung executive Choi Jinseog won a contract with Taiwan’s Foxconn in 2018, he tapped his former employer’s supplier network to steal secrets to help his new client set up a chip factory in China, an indictment by South Korean prosecutors alleges.
