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Elon Musk-owned SpaceX launched the world's heaviest and most powerful rocket Starship for its sixth flight test on Wednesday. A few minutes after the launch, the startup decided to cancel its second attempt to 'catch' the Super Heavy booster due to undisclosed reasons. Super Heavy successfully completed a water landing. The launch tested a suite of heat-shield experiments.
short by Ashley Paul / 07:30 am on 20 Nov
Ashneer Grover shared a post after Salman Khan on Bigg Boss 18 accused him of quoting incorrect figures while claiming he signed the actor for advertisement campaigns. "I'm sure the particular episode got great TRP/viewership...Salman is a great host & actor...The invite for coming as guest on Bigg Boss wasn't 'unnamed'- just like the cheque for the same," Ashneer wrote.
short by Arshiya Chopra / 09:56 pm on 18 Nov
Salman Khan said Ashneer Grover quoted incorrect figures while claiming he signed the actor for advertisement campaigns. Salman said, "Your way of talking isn't like [when you made the claims]...I didn't even know your name," after Ashneer said making Salman a brand ambassador was the "smartest move". The entrepreneur later apologised to Salman on Big Boss 18 over his remarks.
short by Ashley Paul / 03:52 pm on 18 Nov
Ashneer Grover reacted to Salman Khan's 'I didn't even know your name' remark he made at Big Boss 18. "Met Salman in an exclusive meeting on the brand collaboration for three hours in May 2019 in JW Marriott Juhu along with ad's director," Ashneer said. "It's okay if he doesn't remember me. I wasn't a public figure then," he added.
short by Ashley Paul / 09:46 am on 19 Nov
₹3,500 cr wiped off Mamaearth's m-cap as shares dip 30% in 2 days
short by Mansi Agarwal / on 19 Nov 2024,Tuesday
The market capitalisation of Mamaearth-parent Honasa Consumer plunged by roughly ₹3,500 crore after its shares dipped around 30% in two days. The m-cap currently stands at ₹8,567 crore. This comes after the company posted its first quarterly loss since listing in November last year. Honasa reported a loss of ₹19 crore and a 7% revenue dip in the September quarter.
short by Mansi Agarwal / 05:22 pm on 19 Nov
Tech millionaire Bryan Johnson, who's spending around ₹16 crore/year to get an 18-year-old's body, revealed that his face blew up after he injected a donor's fat-derived extracellular matrix to restore his facial fat. He said the allergic reaction got so worse, he couldn't even see. Bryan added he lost facial fat as he reduced caloric consumption from 2,500 to 1,950/day.
short by Ashley Paul / 02:35 pm on 19 Nov
Zomato CEO Deepinder Goyal on Thursday said he received over 10,000 applications for the Chief of Staff role. Goyal announced the opening for the role on Wednesday and said the employee would have to pay a ₹20-lakh fee and wouldn't get any salary for one year. Goyal said the applicants included both who had the money and those who didn't.
short by Pragya Swastik / 12:48 pm on 21 Nov
Indian-origin CEO of Greptile, Daksh Gupta, revealed death threats make up for 20% of his inbox while job applications constitute 80% after he said his company offers no work-life balance. "Typical workdays start at 9 am and end at 11 pm...and we work Saturdays, sometimes also Sundays," he said earlier. He said this working arrangement isn't supposed to last forever.
short by Shalini ojha / 12:24 pm on 18 Nov
IIM grad quits his job at BCG to start a doors & windows brand
short by System User / on 19 Nov 2024,Tuesday
In 2022, Hyderabad-born Dilip Kumar, with a decade of consultancy experience and an MBA from IIM Calcutta, left his lucrative job at BCG to launch GreenFortune, a doors and windows brand. Dilip started out by focusing on in-house Research and Development. The vision was to make quality materials for doors and windows and offer them at an affordable price.
short by System User / 10:54 am on 19 Nov
A Reddit user claimed Swiggy Instamart delivered underweight vegetables and shared pictures comparing the claimed weight and the actual weight of the vegetables. The user said Swiggy support was "shameless" as they weren't ready to replace the items and were instead offering a partial refund. "Buy from local vendors...Don't fall for discounts, you'll end up paying more," the user added.
short by Ashley Paul / 10:26 am on 19 Nov
BlackBuck IPO subscribed 53% on final day
short by System User / on 18 Nov 2024,Monday
BlackBuck’s initial public offering (IPO) continued to prevail during the initial hours of trade on November 18. As of 1:48 PM, BlackBuck’s public offer saw a 53% subscription, with investors cumulatively bidding for 1.20 crore shares as against the 2.24 crore shares on offer. As per BSE data, the IPO saw a maximum interest from the company’s employees.
short by System User / 02:36 pm on 18 Nov
Zomato CEO Deepinder Goyal announced he's looking for chief of staff. However, the employee would have to pay ₹20 lakh fee, which will be donated to Feeding India and there's no salary for first year. "We believe...people...who apply...for this...role...should do it for...learning opportunity it presents," Goyal wrote, adding that second year onwards, more than ₹50 lakh salary will be paid.
short by Daisy Mowke / 08:05 pm on 20 Nov
Homemaker turns entrepreneur, builds ₹25 lakh revenue IT business
short by System User / on 19 Nov 2024,Tuesday
At 45, Kerala-based homemaker Bindu Vinosh turned entrepreneur by launching Webscicle, an IT solutions company, in 2023. Starting with a two-member team, she now leads seven professionals and generates nearly ₹25 lakh annually. Today, Webscicle offers website development, mobile application development, digital marketing, and custom software solutions.
short by System User / 11:07 am on 19 Nov
A Zomato user shared the app's screenshots showing restaurants offering only one dish. "What's going on with Zomato in Chandigarh? Fake 'restaurants' offering just ONE dish at absurd prices...with non-existent addresses...Something really shady is cooking on Zomato," he wrote on X. Many users said it was "code for something else", while one said it could be a part of testing.
short by Pragya Swastik / 02:34 pm on 19 Nov
SpaceX launched a banana as the first payload of the world's heaviest and most powerful rocket Starship on Wednesday. Visuals of the banana tied inside the Starship were also shared by SpaceX. "This universally accepted measurement of scale is approximately the size of one Starlink Mini," the world's most valuable startup said on Starship carrying the banana.
short by Ashley Paul / 08:50 am on 20 Nov
Motilal Oswal gives Swiggy 'neutral' rating, target price of ₹475
short by Mansi Agarwal / on 19 Nov 2024,Tuesday
Motilal Oswal initiated coverage on Swiggy with a 'neutral' rating and set a target price of ₹475, suggesting an upside of 15% from Tuesday's closing price. It called Swiggy a key player in "battle royale" of India's quick commerce. "It may not...emerge as the number one player, but we expect it to be [among] the top three players," it added.
short by Mansi Agarwal / 09:54 pm on 19 Nov
Delhi HC summons OpenAI over ANI's copyright violation claims
short by Debaroti Adhikary / on 19 Nov 2024,Tuesday
Delhi High Court has summoned OpenAI after Indian news organisation Asian News International (ANI) filed a lawsuit against it. ANI has alleged that the Sam Altman-led company used its content to train and run ChatGPT without permission. Earlier, The New York Times had sued OpenAI in US for using its content without permission.
short by Debaroti Adhikary / 02:48 pm on 19 Nov
Reliance-backed Indian startup to launch humanoid robot in 2025
short by Mansi Agarwal / on 20 Nov 2024,Wednesday
Mukesh Ambani's Reliance Industries-backed Addverb Technologies has announced plans to launch a humanoid robot next year. The AI-powered robot will handle '3D' tasks (dull, dirty and dangerous) across industries like retail, energy, and fashion, CEO Sangeet Kumar said. In 2022, Reliance acquired a 54% stake in the Noida-based startup for $132 million.
short by Mansi Agarwal / 05:59 pm on 20 Nov
Sam Altman seeks investors for chipmaking startup Rain AI: Report
short by Mansi Agarwal / on 20 Nov 2024,Wednesday
OpenAI CEO Sam Altman is reportedly seeking investors for a $150-million funding round of a chipmaking startup Rain AI, which could potentially rival NVIDIA. "He has introduced the company to all his investors," a source told the New York Post. Altman was reportedly a major investor in Rain AI's $25-million seed round in 2022.
short by Mansi Agarwal / 09:44 pm on 20 Nov
Byju Raveendran accused of trying to regain firm with hidden cash
short by Debaroti Adhikary / on 21 Nov 2024,Thursday
BYJU'S CEO Byju Raveendran tried to use loan proceeds that he hid from US lenders to secretly buy back a company, a US court filing said. Raveendran hired ex-political consultant Hailer to try to buy out US creditors for the ownership of Epic!, the court filing added. "I have been used as pawn in Byju's manipulation of law," Hailer said.
short by Debaroti Adhikary / 09:38 am on 21 Nov
Unsold Honasa stock worth ₹300 cr causing crisis: Distributor body
short by Mansi Agarwal / on 20 Nov 2024,Wednesday
The All India Consumer Products Distributors Federation has accused Mamaearth-parent Honasa Consumer of "unethical stock dumping practices". Distributors and retailers are facing an "alarming crisis" over ₹300 crore worth of unsold inventory nearing expiry, the distributor body said. "Adding to the crisis, credit notes worth more than approximately ₹50 crore remain unsettled," it added.
short by Mansi Agarwal / 07:36 pm on 20 Nov
CEOs should have favourites in company: Airbnb CEO Brian Chesky
short by Debaroti Adhikary / on 19 Nov 2024,Tuesday
Airbnb CEO Brian Chesky said it is good for CEOs and other company leaders to have "favourites" in the company. "At most companies, there'd be a protest if the CEO picked [favourites]...It would be considered unfair and not systematic," he told Fortune. Chesky however added that favouritism allows leaders to highlight top performers and encourage other employees to emulate them.
short by Debaroti Adhikary / 04:17 pm on 19 Nov
Most rich customers in India don't know finance basics: Kunal Shah
short by Mansi Agarwal / on 19 Nov 2024,Tuesday
CRED Founder Kunal Shah said most affluent customers in India "don't understand financial literacy to the basic points". If the issues aren't addressed on time, it will restrict innovation and credit growth of India's fintech ecosystem, he stated. "A Viksit Bharat without very powerful credit growth in the ecosystem is unimaginable," he added.
short by Mansi Agarwal / 09:33 pm on 19 Nov
US firm offers 'scolder' service to scold bosses on staff's behalf
short by Debaroti Adhikary / on 19 Nov 2024,Tuesday
A US-based non-profit company called OCDA has started to offer services by 'scolder' agents who would go to other companies and scold bosses based on the grievances of employees. The scolder agent is obligated to deliver the critique, as scripted by the employee, in person or on phone call. OCDA was launched earlier this year by stand-up comedian Calimar White.
short by Debaroti Adhikary / 12:45 pm on 19 Nov
Oyo value to hit ₹32,000 cr as CEO Ritesh invests ₹550 cr: Report
short by Debaroti Adhikary / on 18 Nov 2024,Monday
Oyo CEO Ritesh Agarwal is set to increase his stake in the company from 30% to 32% by investing another ₹550 crore, reports said. Agarwal will buy over 12.9 crore shares at ₹42.60 apiece and the investment will value Oyo at ₹32,000 crore, reports added. This comes after Agarwal led Oyo's Series G funding round with a ₹830 crore investment.
short by Debaroti Adhikary / 12:56 pm on 18 Nov
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