Elon Musk-run SpaceX is aiming to raise around $250 million in new funding that would bring the rocket launch company’s valuation to $36 billion. The fundraising comes as SpaceX continues development on three important programmes: Crew Dragon, Starlink and Starship, reports CNBC. The company raised $1.33 billion during 2019 and has raised more than $3 […]

Lyft Inc has bought U.S.-based startup Halo Cars, which allows drivers to make money through digital advertisements displayed on top of their vehicles. The deal, first reported by Axios, was confirmed by the ride-hailing company on Friday. Lyft did not comment on the financing of the deal. Halo Cars was founded in 2018 and has […]

E-commerce giant Amazon has warned sellers that it is removing listings for products from the platform that claim to cure the novel coronavirus. With the coronavirus spreading to over two dozen countries and the overall death toll in mainland China surpassing 2,000, fighting misinformation about the virus has become a major challenge. On top of […]

PhonePeATM, a new service that lets consumers withdraw cash from its offline merchants via the Unified Payments Interface (UPI), has angered rivals who have drawn the attention of the regulator to the issue, three people aware of the matter said. On Friday last week, this became the centre of an intense debate during the steering […]

The discovery of an alleged international ring of fraudsters started with a one-line email. In April 2019, a company accountant received an email that appeared to be from the chief executive officer. “Joanna, Can you mail out a cheque to a vendor today? Barbara,” the email said. The email had some hallmarks of a scam. […]

The government-led mega event, India Fintech Festival, which was scheduled to take place on March 4 and 5 in Mumbai, has been postponed following travel advisories over Covid-19 (coronavirus). Organisers have said that the new dates will be announced soon. The festival was planned by Mumbai Fintech Hub, Maharashtra government, ministry of electronics and information […]

By Keith Bradsher China’s business leaders know better than to argue with Beijing. Leave the politics to the Communist Party, they long ago concluded, and the government will let them make money in peace. A vicious viral outbreak has upended that formula. China’s typically supercharged economy has ground to a near standstill as the authorities […]

If FTI Consulting suffers from a lack of name recognition, its clients don’t. The firm, staffed with former FBI, MI-6 and Mossad agents, has advised everyone from Jeff Bezos in the alleged Saudi phone hack case that United Nations experts got involved with last month, to George W Bush and OJ Simpson’s defense team — […]

The US Internal Revenue Service (IRS) has sued Facebook for $9 billion in unpaid taxes, alleging that the social networking giant undervalued the intellectual property it sold to the subsidiary, thereby dodging billions in taxes. The IRS lawsuit, filed in a San Francisco court, claimed that Facebook “undervalued the royalty amount between 2010 and 2016, […]

Paytm Payments Bank said it has entered into a strategic partnership with ride-hailing companies, Ola and Uber, and will issue FASTags to more than 1 lakh driver-partners. The company said it has set up over 12 camps at Uber Green zones across all the major cities including Delhi-NCR, Bangalore, Chennai Kerala, Hyderabad, Kolkata, Guwahati, Pune, […]