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General Motors is plowing another $850 million into โCruiseโ despite losing $8.2 billion on the autonomous car division since 2017. Cruise shut down its robotaxi service last year after one of its cars hit a pedestrian who was struck first by another, driver-led vehicle. ๐คฆ๐พโโ๏ธ๐
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Top News of the day: 1. DCDC Health Services Pvt. Ltd. (DCDC), which operates dialysis centers under the DCDC Kidney Care brand, has raised Rs 150 crore ($17.4 million) from Singapore-based ABC Impact, an Asia-focused impact investor backed by Temas
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Started the business at 20 when his father died and built an 8000 CR empire. 1. At 20, Anil Gupta had to join his father's (Dayanand Gupta) stainless steel wires business, Krishna Electrical Industries (KEI), with no business experience. The company
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1. Fundings: - In comparison, the previous week saw 19 startups across early and growth stages secure around $462.27 million. - Commercial EV manufacturer Euler Motors secured $60 million from Hero MotoCorp, while housing loan provider Nivara Home
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Top News of the day: 1. Chinese AI startup DeepSeek has enhanced its V3 model with the V3-0324 update, improving programming capabilities and transitioning to the MIT open-source license. 2. Agritech startup Grow Indigo has raised $10 million from
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In 2014, Nokia was near bankruptcy. By 2024, it controlled 29% of the global 5G market. Hereโs how one โboringโ CEO pulled off the greatest corporate survival story of the decade. While Nokiaโs phone division was collapsing under Stephen Elopโs lead
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Faad Networkย โขย 1y
Meet the man who started at 22 and is worth 27,000 CR today. 1. At 24, Ajay Piramal had to take over his family's textile - Morarjee Textile Mills, in Bombay after his father passed away. To worsen things, his elder brother parted ways and took thei
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Went to IIT, left his high paying job and built an 8000 CR company. 1. After completing his electrical engineering degree at IIT Delhi, Bipin Preet Singh proposed new features for Motorola Chipsets at Freelance Semiconductor. He saw the rising adopt
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GoJek In the streets of Jakarta, one man's vision was about to change the face of Southeast Asian tech. Nadiem Makarim, a Harvard-educated Indonesian entrepreneur, saw beyond the gridlock and spotted an opportunity that would not only revolutionize
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Faad Networkย โขย 1y
Meet the man who donated 6120 CR worth of his shares to employees. 1. Born in a middle-class Brahmin family in Chennai, R Thyagarajan wanted to be financially independent. As he was looking for money, he saw an advertisement. ๐ค 2. In 1961, New Ind
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