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Logitech appoints Anand Lakshmanan as India Head
According to the company, Lakshmanan, who has been a part of Logitech for over two years, will now take the role of overseeing Logitech's complete portfolio in the Indian market, encompassing B2C and B2B, businesses.Previously, he served as the head of B2B for Logitech India and South West Asia. I am honoured to
Indian fintech startups raise $1.2 bn in Q1 2023, down 55% YoY
It was an uneventful quarter in terms of IPOs and unicorns for the sector.ANo companies from the fintech space went public in Q1 2023, and there were no new entrants in the unicorn club. However, this was a sharp jump of 126 per cent when compared with $523 million raised in Q4 of 2022, according to data provided by global SaaS-based market intelligence platform Tracxn.
Growth of bank deposits slowed down in FY2022
According to the report, there is a perceptible slowdown in the bank deposit growth in metropolitan, semi-urban and rural India with household savings being relatively weak. Further the bank branch expansion has slowed down mainly by the public sector banks.
Morale of Twitter employees at all-time low with Musk as boss
Reports on Wednesday mentioned that Twitter workers' morale is at an all-time low as they have little idea what will become of a company that internally protested against the takeover. Twitter CEO Agrawal sent an internal email to employees after Musk intended to buy it again.
World's largest NFT marketplace OpenSea hacked, users lost NFTs
OpenSea Co-Founder and CEO, Devin Finzer acknowledged the phishing attack, confirming that 32 users have lost NFTs so far. He said rumours that this was a $200 million hack are false and the attacker "has $1.7 million of ETH in his wallet from selling some of the stolen NFTs. While the NFT marketplace was yet to figure out the magnanimity of the cyber attack, Blockchain investigator Peckshield said he suspects a possible leak of user information that fuelled the phishing attack.
Car sharing platform Zoomcar elevates Nirmal NR as India CEO
Working as President for Growth and Marketplace at Zoomcar, Nirmal will now be responsible for all aspects of growth, operations and customer experience for the company in the country. "His diverse skillsets and seasoned leadership will play an instrumental role in continuing to scale the India business," said Greg Moran, CEO and Co-Founder, Zoomcar.
Global DRAM memory market, prices down in Q4: Report
DRAM shipments during the October-December period were valued at $25 billion, down 5.8% globally from the previous quarter, according to the data provided by industry tracker TrendForce. Declining purchasing momentum, it said, also led to a drop in DRAM prices. It is a type of volatile semiconductor memory that retains data as long as power is supplied. It is commonly used in personal computers, workstations and servers
Tesla maintains $1 tn cap despite Musk selling more shares
In a new SEC filing, the automaker disclosed that Musk exercised another tranche of 2.1 million stock options and sold roughly half of them again. It brings the total sale of stock from Musk to around $8 billion over the last week.
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