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News on Medial
Redington in a spot over CEO
Livemint
·
1y ago
Medial
Redington India, Apple's main distributor in India, is facing criticism for appointing a former independent director, V.S. Hariharan, as CEO. Several investors and proxy advisory firms argue that this move violates rules prohibiting independent directors from taking up executive roles within a year. Redington defends its decision, stating that Hariharan is a group CEO and not on the board, therefore the cooling-off period rule does not apply. Proxy firms are asking shareholders to reject Hariharan's appointment. This situation highlights concerns over corporate governance and raises questions about Redington's leadership.
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Redington to offer iPhone 16e at over 7,000 retail locations
Economic Times
·
5m ago
Medial
Redington Ltd plans to offer the new Apple iPhone 16e at over 7,000 retail outlets in India, with pre-orders beginning on February 21 and availability from February 28. The iPhone 16e features an A18 chip and a 48MP 2-in-1 camera system. Partnerships with ICICI Bank, Kotak Mahindra Bank, and State Bank of India will provide cashback offers for customers purchasing the device. This distribution strategy enhances iPhone accessibility across the country.
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Nirmit Parikh: Revolutionizing Opportunities for Blue and Grey Collar Workers
StartupTalky
·
1y ago
Medial
Nirmit Parikh is the founder and CEO of Apna, a tech-driven platform that connects job seekers with employers. Parikh's entrepreneurial journey showcases his ability to spot market needs and deliver innovative solutions. With over 40 million users and 545,000 employers, Apna has become a go-to hub for job seekers and employers in India. Parikh's vision for Apna is to empower individuals with the tools and opportunities essential for success in a dynamic job market. His dedication to societal betterment and continuous innovation has positioned him as a key player in India's employment landscape.
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Grayscale CEO sees bitcoin ETF outflows reaching equilibrium
Economic Times
·
1y ago
Medial
Outflows from Grayscale Bitcoin Trust (GBTC) may be stabilizing after months of investor selling, according to CEO Michael Sonnenshein. While total outflows reached over $15 billion in the last three months, the surge in bitcoin's value prevented a significant dip in Grayscale's assets under management, currently standing at $23.13 billion. Some of the outflows were attributed to bankruptcy settlements and investors switching to other Grayscale ETFs. Sonnenshein hinted at future competition with rival offerings from BlackRock and Fidelity, and expressed optimism about gaining SEC approval for a spot ether ETF.
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Bitcoin ETFs Are Off to a Roaring Start. Are Other Crypto Funds Next?
Livemint
·
1y ago
Medial
Several Wall Street firms, including BlackRock and Fidelity Investments, have filed applications to launch the first US-listed exchange-traded funds (ETFs) holding ether, the second-largest cryptocurrency. A spot ether ETF, if approved by the Securities and Exchange Commission, could open the floodgates for ETFs backed by more speculative crypto assets. However, critics have expressed concerns over the volatility and potential price manipulation associated with these assets. The SEC has until May to approve or reject the first application for a spot ether ETF, with analysts suggesting approval is possible given the recent approval of spot bitcoin ETFs.
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Niqo Robotics Bags $13 Mn To Offer AI-Powered Spraying Services
Inc42
·
1y ago
Medial
Bengaluru-based agritech startup, Niqo Robotics, has closed its Series B funding round at $13 million. The round was conducted in two tranches, with the participation of Bidra Innovation Ventures, Fulcrum Global Capital, and existing investor Omnivore. Niqo Robotics offers agrochemical spraying services using precision spot spray technology, reducing chemical usage by up to 90%. The startup has commercialised over 90,000 acres, resulting in real-time chemical savings of up to 60% and benefitting over 1,800 farmers. Niqo Robotics plans to expand into new markets and accelerate the global adoption of spot spray technology.
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Zaggle ties up Google's partner Redington to offer low-cost tech for enterprises, staff
Economic Times
·
5m ago
Medial
Zaggle Prepaid Ocean Services has partnered with Google's distribution partner Redington to offer enterprises secure and scalable solutions in India. Their Smart Employee Purchase (EPP+) program will allow businesses to manage device procurement and lifecycle while employees can access Google Pixel devices at reduced costs. The initiative aims to enhance employee engagement, optimize costs, and offer tax savings. It reflects Zaggle’s commitment to improving employee experiences and operational efficiency for organizations.
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Bitcoin hits all-time high above 69k
TechCrunch
·
1y ago
Medial
Bitcoin has reached a new all-time high, surpassing $69,000, driven by increased demand following the approval of spot bitcoin ETFs in the US and the upcoming bitcoin halving in April. The cryptocurrency has gained over 60% this month and 205% this year. Bitcoin halving occurs approximately every four years and leads to a decrease in mining rates. This process aims to control the supply of bitcoin, and the upcoming halving is expected to further boost demand for the asset. Additionally, the approval of spot bitcoin ETFs has attracted new institutional and retail investors.
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Elon Musk plans stock option grants to Tesla's high-performers, says report
Livemint
·
1y ago
Medial
Tesla is reportedly planning to introduce stock-based compensation for high-performing employees, according to an internal memo reviewed by two individuals. This move comes shortly after CEO Elon Musk gained approval for his $56 billion pay plan, which includes stock options. The plan also follows recent job cuts of over 10% of Tesla's workforce and increasing competition from Chinese electric vehicle manufacturers. The company will conduct a comprehensive review to provide stock option grants for exceptional performance and will also implement a program for spot option grants for outstanding contributions.
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Global crypto platform Mudrex launches US bitcoin ETFs for Indian investors
Economic Times
·
1y ago
Medial
Y Combinator-backed crypto investment platform Mudrex has launched its US bitcoin Spot ETFs in India. The platform allows both institutional and retail investors to invest in Bitcoin spot ETFs with a minimum of $5,000 and a maximum of $250,000. Users can choose between individual spot ETFs, create personalized baskets, or opt for pre-listed options based on market capitalization. Mudrex initially listed four spot ETFs: BlackRock, Fidelity, Franklin Templeton, and Vanguard. The move comes after the US Securities and Exchange Commission approved the first-ever US-listed ETFs that track the price of bitcoin.
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Charles Schwab Eyes Spot Crypto Trading Once Regulations Change
Livemint
·
8m ago
Medial
Charles Schwab's incoming CEO, Rick Wurster, has revealed the firm's plans to offer spot cryptocurrency trading once US regulations become more favorable, which is anticipated to happen under President-elect Donald Trump's administration. Schwab already offers crypto-linked ETFs and futures, but Wurster believes that the regulatory landscape will change, leading to a potential for spot crypto trading. The competition for retail investors' dollars has intensified during the pandemic and after the US presidential election, with Schwab facing challenges from Robinhood and Webull, among others. Wurster also mentioned the significant impact of artificial intelligence on the wealth-management business.
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