A Bangalore based educational (edtech) and online tutoring firm founded in 2011 by Byju Raveendran, an engineer from Azhikode a costal village in Kerala, India’s largest online tutoring startup and recent entrant to the “unicorn club” is looking to expand into international markets with its latest acquisition of US-based Osmo, a Palo Alto, California startup…
In Bristol 170 engineers are designing the world’s most complex next generation AI computer chips the size of the postage stamp, Colossus, which boasts 1216 processors designed for artificial intelligence applications from voice recognition to self-driving cars. Colossus named after computer used by cryptographers at Bletchley Park during the second world war, was top…
WhatsApp owned by Facebook which has more than 201m users in India, making the country its largest market by far has been under growing pressure from India and Australia to find ways to clamp down fake news, inflammatory and incendiary rumours circulating through its systems, especially after a series of lynch mobbings by crowds of…
The owner of Patisserie Valerie café chain will review all options available for the business after revealing that problems with its accounts were even worse than previously thought. Patisserie Holdings said its advisers had discovered that past mis statement of accounts was “extensive, involving very significant manipulation including thousands of false entries into the company’s…
Rakesh Kapoor, one of Britain’s highest paid bosses, the Dettol man is to step down as the chief executive of consumer goods group Reckitt Benckiser by the end of the year. The announcement sent the group’s share down 4.2 per cent in London. He led from the top of the Dettol maker and baby formula…
David Solomon, Goldman Sachs CEO has apologised to the “people of Malaysia” for the role one of his top bankers played in the multi-billion-dollar embezzlement scandal at the country’s national investment fund. Mr Solomon made it clear that Goldman had done nothing wrong in its dealing with 1MDB, which US and Malaysian authorities allege was…
Newmont Mining is to acquire Canada’s Goldcorp in a $10bn deal creating world’s biggest gold miner. The US listed group is offering 0.3280 of its shares plus 2 cents in cash for each Goldcorp share, an 18 per cent premium to Friday’s closing price. The deal including debt values Goldcorp at $12.5bn and will…
For several centuries beverages differed significantly compared to the vodka of today invented in the 8th century, as the spirit at that time had a different flavour, colour and smell and was used originally as medicine, as it contained very little alcohol about 14 per cent, as this amount can be attained by natural fermentation.…
US government continues to wage feckless war on cannabis, technology entrepreneurs like Socrates Rosenfeld was thinking about drugs, alcohol and money while his MIT Sloan School of Management class mates were filling up worksheets on discounted cash flows. Eighteen months after obtaining an MBA, he abandoned a job with McKInsey to launch a start up…
India has displaced Germany as the world’s fourth largest market for vehicle sales by volume and is in line to take the number three position from Japan within the next three years. Commercial and passenger vehicle sales in India grew 8.3 per cent in 2018 to 3.99m, overtaking the 3.74 of sales in Germany,…