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DAILYHUNT LAYOFFS
Listed new-age cos’ road to profitability; QED’s Nigel Morris interviewAfter a torrid time on Dalal Street, new-age firms have taken a turn towards profitability in the March quarter. This and more in today’s E...- Builder.ai-Dailyhunt fake sales: All you need to know about the “round-tripping” scandalRound-tripping involves transferring money between companies without any genuine exchange of goods or services — the only aim being to infl...
- Dailyhunt parent VerSe to lay off 350 employees this month in push for profitabilityVerSe Innovation, parent of Dailyhunt and Josh, is laying off 350 employees to boost profitability and invest in AI-driven efficiencies. Th...
- Inside the rise and fall of Indian Twitter rival KooKoo, the Indian social media platform aiming to rival Twitter, has closed down due to unsuccessful acquisition negotiations. The company st...
- Indian Twitter rival Koo shuts down after failed acquisition talks“Patient, long term capital is essential to build ambitious, world beating products from India be it in social media, Al, space, EV or othe...
- Byju’s defence in NCLT; deep dive into quick-commerce playThe Bengaluru bench of NCLT asked the petitioner – Glas Trust Company LLC – to issue a notice to Byju's for defaulting on payment of the $1...
- MeitY ban on loan apps includes non-Chinese players too; Dell to lay off 6,650 employeesOn Sunday, the Indian government issued orders to block 138 betting and gambling apps and 94 loan providing apps due to foreign links on an...
- ShareChat fires about 500 employees in fresh layoffs, CEO says company ‘overestimated the market’For the affected employees at ShareChat’s parent firm, the company is provided a financial package that includes a payout for the notice pe...
- Cred continues fintech consolidation; Dailyhunt parent sacks 150 employeesDays after we reported that digital payments major PhonePe was set to acquire buy-now-pay-later platform ZestMoney, India’s fintech sector ...
- Dailyhunt and Josh parent VerSe Innovation to lay off 150As part of a cost-cutting exercise, the company has also cut the salaries of employees earning more than Rs 10 lakh annually by 11%.
- RBI’s new mandate sparks confusion among fintechs; Foxconn may make EVs in IndiaThe regulator’s directive quickly sparked confusion and frustrations among fintech startups, which told us the RBI appears to be giving ban...
- ETtech Evening Briefing on 27 Jan. 2021: Top Tech News Today, in 10 MinutesFrom Pine Labs’ AllTap app for contactless payments to Bytedance’s layoffs in India in the aftermath of the TikTok ban, here’s a look at th...
- TikTok parent company, ByteDance, halts hiring in India; tries to retain employeesThe company, which has 2,000 employees in India, is trying to hold on to staff amid discussions of a sale of TikTok with Microsoft and Twit...
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