The head of WhatsApp‘s India payment business, Manesh Mahatme, has quit after more than a year with the Meta Platforms-owned company to join Amazon India, a source told Reuters on Thursday. Mahatme’s exit comes at a critical time for Whatsapp, which is seeking to ramp up its payments service in a highly competitive market and lock horns with more established payers such as Alphabet Inc’s Google Pay, Ant… Continue reading WhatsApp Pay India head Manesh Mahatme quits to join Amazon
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Apple AirPods Pro (second-gen) review: same look, better everything else
Redesigned inside but not out, the new AirPods Pro are destined to be another hit — even if the magic is waning Share this story There are two main reactions to Apple’s second-generation AirPods Pro, which will be available September 23rd for the same $249 as the original pair released in 2019. The first is… Continue reading Apple AirPods Pro (second-gen) review: same look, better everything else
The 5 best travel backpacks of 2022
Traveling is hard enough without having to worry about your things. Large, bulky suitcases are not always the best choice, and there’s always the carry-on option, too. A travel backpack can easily fit the bill when you need a bag that can fit your most important belongings and withstand the wear-and-tear of adventure. We had… Continue reading The 5 best travel backpacks of 2022
Tesla’s (TSLA) sudden drop in wait times doesn’t mean demand for EVs is dropping
Tesla (TSLA) has had a sudden drop in wait times for deliveries on new orders on some of its electric vehicle models, and some are reading into it as demand falling off, but there’s more to it. In recent weeks, industry watchers have noted that Tesla’s delivery wait times have dropped significantly. Some models that… Continue reading Tesla’s (TSLA) sudden drop in wait times doesn’t mean demand for EVs is dropping
Asia Digest: Nomura launches Switzerland-based VC for digital assets; Stonegate opens HK, SG offices
Banking giant Nomura has established a digital asset-focused venture capital vehicle in Switzerland while New York-based crypto fund admin Stonegate Global has branched out in its first Asian locations. Nomura launches Laser Digital Japan’s largest securities brokerage, Nomura Holdings, has set up a Switzerland-based venture capital arm for digital assets, Laser Digital, per a company… Continue reading Asia Digest: Nomura launches Switzerland-based VC for digital assets; Stonegate opens HK, SG offices
EV charging operator Bump unlocks $180 million
French startup Bump has signed a multi-year financing partnership with DIF Capital Partners in order to roll out more charging stations for electric vehicles and double down on growth in general. It is an equity and quasi-equity $180 million deal that will be progressively unlocked from 2022 to 2030. Yesterday, ZePlug also announced a significant… Continue reading EV charging operator Bump unlocks $180 million
NASA successfully completes vital Artemis 1 rocket fuel test
The next Artemis 1 launch attempt might take place as soon as next week, seeing as NASA has met all the objectives it set out to do to consider its rocket’s fuel test a success. NASA had to test adding super-cooled fuel to the Space Launch System’s tanks to confirm the repairs it made after… Continue reading NASA successfully completes vital Artemis 1 rocket fuel test
India Digest: Immortal Game, Binocs bag funding; Homelane to raise pre-IPO fundsImmortal Game has raised $12m in Series A while Binocs is raising a $4…
Immortal Game has raised a $12-million Series A round while Binocs is raising a $4-million seed round. Separately, Homelane is reportedly looking to raise $80-100 million from private equity investors. Immortal Game raises $12m Immortal Game, a company launching a Web3 chess platform and marketplace, said it has raised a $12-million Series A round led… Continue reading India Digest: Immortal Game, Binocs bag funding; Homelane to raise pre-IPO fundsImmortal Game has raised $12m in Series A while Binocs is raising a $4…
Credit Suisse draws up plan to split investment bank in three
Credit Suisse Group AG has drawn up plans to split its investment bank in three, the Financial Times reported on Thursday, as the Swiss lender attempts to emerge from three years of relentless scandals. Under proposals to the board, the bank is looking to sell profitable units such as its securitised products business to prevent a damaging capital raise, the report said, citing people familiar… Continue reading Credit Suisse draws up plan to split investment bank in three
Tokocrypto lays off 20% of employees, pushes back IPO plansTokocrypto laid off 20% of its 227 employees.
A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration Indonesian cryptocurrency exchange Tokocrypto announced on Wednesday a decision to trim its manpower and separate its community hub and NFT marketplace platforms into separate entities. Tokocrypto laid off 20% of its 227 employees due to “some… Continue reading Tokocrypto lays off 20% of employees, pushes back IPO plansTokocrypto laid off 20% of its 227 employees.