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Tesla Stock Drops After Elon Musk Smokes Weed on a Talk Show

16Sep By AdityaNo Comments

News

Tesla Stock Drops After Elon Musk Smokes Weed on a Talk Show

Elon Musk led Tesla's share price drops 8.2% after he took a puff of marijuana during a live YouTube talk show. In The talk show of The Joe Rogan Experience, the anchor host Rogan who lit up a joint more than two hours into the interview and this is how Elon started asking about the joint, Elon asked, “So is that a joint? Or is it a cigar?” Rogan said, it's marijuana inside tobacco, and asked Elon, did you ever tried it? “I think I tried once,” Musk replied with a laugh. “C’mon, man. You probably can’t because of stockholders, right?” Rogan said. “I mean it’s legal, right?” Musk said. “Totally legal,” Rogan said. “OK,” Musk said. Then Elon took a puff of a cigratte and drink whisky. After a while Musk starts receiving the messages from his friends saying, ‘What the he...

This English Premier League Team Earn Record $652 Million Revenue in FY17/18

14Sep By AdityaNo Comments

BUSINESS

This English Premier League Team Earn Record $652 Million Revenue in FY17/18

English champions Manchester City posted record revenues of 500.5 million ($652 million) in a record-breaking 2017/18 campaign on the pitch as Pep Guardiola's men romped to the Premier League title amassing 100 points. City reported profits of 10.4million, a fourth consecutive year of profitability, with wages to revenue ratio falling to 52 percent. "Our journey is not complete and we have more targets to fulfil," said chairman Khaldoon Al Mubarak, who recently celebrated a decade since an Abu Dhabi-backed takeover of the club transformed City's fortunes. "There should be no doubt that we are looking forward to the challenges of the new season and those beyond it with equal commitment and determination to the 10 seasons that came before." Before Sheikh Mansour's takeover, City's reve...

4Sep By AdityaNo Comments

FUNDING

Silicon Valley Based Flag Robotics Raises $3.5 Million Funding Led by True Ventures

SUNNYVALE, Calif. -- Bear Flag Robotics today announced a $3.5 million seed funding round led by True Ventures. The Silicon Valley-based agtech company Bear Flag Robotics is developing autonomous driving and implements control technology for agricultural tractors, freeing growers from hours of monotonous driving and the high cost of labor to fill tractor seats. As part of the raise, they have welcomed Rohit Sharma, venture partner at True Ventures, to the board. Including this round of funding, the company has raised $4.5 million total since Bear Flag Co-Founders Igino Cafiero and Aubrey Donnellan started the company in 2017. Today’s growers compete for skilled labor with the construction, mining and trucking industries. Research suggests that autonomous robots can lower labor expense...

Wipro Wins $1.5 Billion Digital Service Contract, The Biggest Contract Ever in The History of Wipro

2Sep By AdityaNo Comments

BUSINESS

Wipro Wins $1.5 Billion Digital Service Contract, The Biggest Contract Ever in The History of Wipro

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading information technology, consulting and business process services company, today announced that it has won a 10-year engagement to provide a comprehensive suite of solutions and services to Lincolnshire, Illinois-based Alight Solutions LLC, a leader in technology-enabled health, wealth, HR and finance solutions. This deal will result in revenues of USD $1.5 to $1.6 billion for Wipro over the tenure. This is Wipro’s largest win to date. This engagement will enable the digital transformation of Alight’s offerings across health, wealth, HR and finance solutions, and enhance the employee experience of Alight’s clients by leveraging Wipro’s industry-leading strengths in digital technologies, cognitive automation and data analyti...

2Sep By AdityaNo Comments

FUNDING

Online Pharmacy Platform Netmeds.com Raises $35 Million Funding

India based online pharmacy platform Netmeds.com secures $35 million in Series C Funding from Daun Penh's investment holding and existing investors. The funding amount will use to increase awareness through marketing efforts as well as to enhance the customer experience. Pradeep Dadha, CEO and Founder Netmeds.com said, "the money would be used to ensure that the company "stayed the course" with regard to the extraordinary double-digit month-on-month growth it has enjoyed since inception." "Daun Penh was joined in the round by the existing investors Sistema Asia Fund, and Tanncam Investment. MAPE, the Indian investment bank which has been involved with Netmeds since inception teamed with co-arranger Cambodian Investment Management for this Series C funding round," added Dadha. He it...

Taxi Aggregator OLA Appointed Simon Smith as MD of Australia Operation

4Jul By AdityaNo Comments

News

Taxi Aggregator OLA Appointed Simon Smith as MD of Australia Operation

The former CEO of eBay Australia, Simon Smith appointed as a Managing Director of taxi aggregator OLA in Australia. Simon held various roles previously including Chief Executive Officer of eBay Australia, Non-Executive Director of Sportsbet, VP of Virtual Offices at Servcorp and a consultant at McKinsey and Company. "Simon is a very entrepreneurial and strategic leader who has demonstrated strong business and people leadership in his career. He will lead Ola's mission to build the future of mobility in Australia and create impact for the millions of consumers and tens of thousands of driver partners," Ola co-founder and CEO Bhavish Aggarwal said. Joining the company, Smith will lead the team and will work on building Ola's presence, including strategy, marketing, product development, ...

Indian Stock Exchange BSE Will Delist 222 Companies Tomorrow

3Jul By AdityaNo Comments

Market

Indian Stock Exchange BSE Will Delist 222 Companies Tomorrow

Mumbai based stock exchange BSE planning to delist as many as 222 companies from tomorrow. The trading of these shares has remained suspended for next six months. The reason behind this move is clamping down on shell companies listed as well as unlisted for being allegedly used as conduits for illicit fund flows. In August last year, Sebi had directed exchanges to act against 331 suspected shell companies, while the government has already deregistered more than 2 lakh firms that have not been carrying out business activities for long. In a circular, the BSE said, "210 companies that have remained suspended for more than six months would be delisted from the platform of the exchange, with effect from July 4, 2018, pursuant to an order of the delisting committee of the exchange". Furth...

16Jun By AdityaNo Comments

FUNDING

Startup India Registered Food Processing Startup Raises $300K Funding

Mumbai based Everyday Gourmet Kitchen Foods startup raises USD 300k Seed funding from an individual Pradyumna Kokil. The company EGK focusses primarily on onions and its by-products, along with onion processing. Currently, EGK sells 30 metric tonnes of their finished product monthly which translates to about 150 Metric Tonnes of raw onions which are being processed every month. With the factory upgrade, production capacity will be close to 100 Metric Tonnes per month and there are plans to open up the domestic as well as international markets where the company has seen tremendous demand. The company CEO also stated that on the backend, EGK Foods is setting up a bigger factory and backward integrating with farmers to assure them guaranteed buyback of goods produced at a fair price ...

Delhi based Leaf Wearables Wins $1M Women’s Safety XPRIZE

8Jun By AdityaNo Comments

News

Delhi based Leaf Wearables Wins $1M Women’s Safety XPRIZE

Anu and Naveen Jain announced Leaf Wearables as the grand prize winner of the $1M Anu & Naveen Jain Women’s Safety XPRIZE at the United Nations in New York City. Entrepreneurs and philanthropists, Anu and Naveen Jain launched a million-dollar prize using the XPRIZE platform, the global leader in designing incentive competitions solving humanity’s grand challenges, to address the safety of women and girls by leveraging technology. Launched in 2016, the idea behind this event is to challenged innovators around the world to create a device that can inconspicuously trigger an emergency alert if a woman is facing a threat and transmit information to a network of community responders, all within 90 seconds and cost under $40. “Safety is a fundamental human right and shouldn’t be conside...

5Jun By AdityaNo Comments

BUSINESS

Infibeam Looking to Raise 2000 Crore To Start Payment Bank Business

India's first profitable E-commerce company Infibeam will seek shareholders approval on June 28 to expand business in IT industry and also to launch a payments bank. The Gujrat based company said in its official statement, "We are looking to enter into payment bank business and to raise Rs 2,000 crore". The company has also proposed to change the name from Infibeam Incorporation Limited to "Infibeam Avenues Limited". Infibeam business profit in 2018 was more than doubled after tax to Rs 88.1 crore from Rs 43.5 crore a year ago. The e-commerce venture is also mulling to explore the business opportunity in the manufacturing of IT hardware. The company seeking RBI permit to issue all kind of prepaid payment instruments e-wallets, co-branded wallets, and any other pre-paid payme...

CEO of Starbucks Howard Schultz is Stepping Down

5Jun By AdityaNo Comments

News

CEO of Starbucks Howard Schultz is Stepping Down

The Starbucks Corporation informed media that the CEO of Starbucks Howard Schultz is stepping down this month. Myron E. "Mike" Ullman would be the new chairman upon Schultz's retirement. Howard Schultz joined coffee chain group 30 years ago. He oversaw the transformation of Starbucks into a global chain with more than 28,000 locations. He is now focused on innovation and social impact projects and also writing a book about Starbucks' social impact efforts. "Starbucks changed the way millions of people drink coffee, this is true, but we also changed people's lives in communities around the world for the better," Schultz said in a letter to Starbucks employees. Schultz said he was considering "a range of options for myself, from philanthropy to public service," but wasn't sure wh...

1Jun By AdityaNo Comments

FUNDING

CoinTribe Raises $10 Million Series B Funding

Another Lending Platform CoinTribe raises over $10 million equity capital in Series-B round led by Sabre Partners along with participation from existing investor, Puneet Dalmia. In last one month, twelve fintech companies raise funding, the average range of funding is from $250000 to $15 million. Gurugram based CoinTribe offers unsecured term as well as working capital financing to small businesses, which are risk assessed using an online lending algorithm. With this round of funding, total equity capital raised by CoinTribe has increased to over USD 15 million. CoinTribe plans to use this additional capital to further enhance capabilities of its proprietary online credit algorithm, expand to new markets and further develop technology to enable faster and nimble product and credit...