Monday, June 28, 2021

Facebook hits $1 trillion market cap after judge rejects antitrust cases

Facebook shares rose more than 4% after a US judge dismissed a case that sought to force the company to sell Instagram and WhatsApp. The share price surge pushed Facebook's market capitalisation to over $1 trillion for the first time.

from Tech-Economic Times
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What’s behind the insurtech boom?

In today's ETtech Morning Dispatch: Acko raises $200 million to become India's latest startup unicorn, Govt-Twitter spat set up escalate over distorted India map, Shuttl likely to shut down, and Quadria plans to invest $400-500 million in India.

from Tech-Economic Times
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Income Tax Due Dates: These Taxpayers Still Must Pay Double TDS if Not Filed by June

There has been no changes in certain income tax related deadlines. The Income Tax department had introduced a new Section 206AB in the Budget 2021 to deduct TDS at higher rates for certain non-filers.

from Top Business News- News18.com
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Bitcoin Price Below $35,000; Ether, Binance Coin Jump. Check Cryptocurrency Rates Today

Over the weekend, Britain's financial regulator said Binance, one of the world's largest cryptocurrency exchanges, cannot conduct any regulated activity in the United Kingdom

from Top Business News- News18.com
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Exotel, Ameyo join forces to address cloud-based contact centre services

The undisclosed Exotel-Ameyo merger deal will see investors representing 80% of shareholding in Ameyo exiting in cash, while CEO Sachin Bhatia and other ESOP holders in the company will get a stake in Exotel.

from Tech-Economic Times
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Airblack raises $5.2 million from Info Edge Ventures, Elevation Capital

Airblack, an online makeup and beauty learning platform, will use the funding to accelerate the expansion of ‘Beauty Club’, launching new ‘clubs’ and investing in products, engineering and brand, founder Videt Jaiswal said.

from Tech-Economic Times
via IFTTT

What’s behind the insurtech boom?

In today's ETtech Morning Dispatch: Acko raises $200 million to become India's latest startup unicorn, Govt-Twitter spat set up escalate over distorted India map, Shuttl likely to shut down, and Quadria plans to invest $400-500 million in India.

from Tech-Economic Times
via IFTTT