Category: Business

Kunal Shah. (Official image)
Posted in Business

Tech Tonic | Kunal Shah is the man Meta trusts with WhatsApp’s future

There are two clear headlines that have shaped up in the last few hours. First, tech giant Meta is investing $900 million (that’s around ₹8,550…

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Mumbai: Rupee logo at Reserve Bank of India (RBI) headquarters (PTI/File)
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Rupee falls 6 paise to 94.69 against US dollar in early trade amid Fed rate worries

The rupee fell 6 paise to 94.69 against the US dollar in early trade on Tuesday as the greenback strengthened further to hover around its…

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Kunal Shah's appointment puts an Indian founder at the helm of WhatsApp, which has 3.3 billion monthly active users worldwide. (Instagram/@kunalb11)
Posted in Business

Cred founder Kunal Shah to be WhatsApp’s global head, Meta says he brings ‘builder mentality’

Social media giant Meta Platforms Inc. has named fintech entrepreneur Kunal Shah as the new global head of WhatsApp, pulling off an unusual executive crossover…

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Microsoft CEO Satya Nadella
Posted in Business

Microsoft’s Satya Nadella: We Can’t Let AI Giants Eat the Economy

Satya Nadella helped usher in the AI boom. Now he has a tough message for the companies leading it. Microsoft CEO Satya Nadella The chief…

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“Kunal built Cred into one of India’s most important technology companies, and he brings the kind of builder mentality and global perspective that will serve him well in running the world’s biggest massaging app,” Meta CEO Mark Zuckerberg wrote in a post. (Photo: Instagram/@kunalb11)
Posted in Business

Cred founder Kunal Shah to be new boss of WhatsApp, Meta pumps $900 million to take stake in his company

Meta Platforms Inc is investing $900 million into Indian fintech startup Cred, and announced to appoint its founder, Kunal Shah, the new leader of WhatsApp….

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Xunlong Sci-tech is behind the internationally renowned caviar brand Kaluga Queen
Posted in Business

The World’s Caviar King Wants to Cash in on Hong Kong’s Listing Frenzy

Hong Kong’s red-hot initial public offering market has raised hundreds of billions for China’s high-growth technology and industrial champions over the past year. There’s now…

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Startups typically aim to spend five to ten years growing before listing on the stock market or finding a buyer. (Unsplash)
Posted in Business

Zombie unicorns are haunting Silicon Valley

FANTASTIC BEASTS roam Silicon Valley. Locals are familiar with the unicorn, a startup valued at more than $1bn, the centaur (worth $100m) and the decacorn…

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SpaceX branding in New York’s Times Square during the company’s initial public offering.
Posted in Business

Stressing Over Whether Your Index Fund Has SpaceX? Don’t

Being a passive investor means you don’t pick stocks. But you still have to pick an index. And different indexes have different approaches to huge…

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Evening in Seoul’s high-end Apgujeong neighborhood.
Posted in Business

Crazy Rich Returns Lure Cabbies and Even Kids to Red-Hot Asian Markets

SEOUL—Na Se-bin has lost all sense of the value of money. Evening in Seoul’s high-end Apgujeong neighborhood. Since January, she has poured nearly all her…

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Alphabet Chief Executive Sundar Pichai
Posted in Business

Google Is Using Nvidia’s Playbook to Build a Rival AI Chip Business

Google is making an ambitious play for a bigger slice of the 21st century’s most important market: the chips that power artificial intelligence. Its financial…

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