Reuters

BENGALURU (Reuters) - Ola Electric's IPO drew $1.8 billion in bids as the share sale closed on Tuesday, as investors piled into the first stock offering by a pure-play electric vehicle maker in India.

Ola Electric gets bids worth $1.8 billion in India's first EV IPO

Business Insider

Gautam Adani plans to retire at 70, in a transition that a family business professor said avoids "King Charles Syndrome."

Asia's second-richest man finally has a plan to hand over his company — but it's going to take a while

Profit after tax stood at £1.3 million ($1.6 million) in the first half, which compared with a net loss totalling £83 million in the January-June period last year, as the British company continued to cut costs and as revenue edged higher. "I am pleased with the performance we...

Deliveroo shares surge on 'profit milestone'

Payoneer said it could also pay up to another $10 million, contingent on if Skuad meets various performance goals within the first 18 months of the acquisition. Payoneer also committed to grant $10 million in restricted stock units which are subject to vesting contingent on continued employment of key personnel. So all told, Payoneer could pay as much as around $81 million.

Fintech Payoneer is buying 5-year-old global payroll startup Skuad for $61M in cash

But the firm was wary: Could Amazon swoop in and dominate this nascent sector with its heft, scale and resources? To make sure, a partner at the venture firm then reached out to some of his friends in Amazon’s leadership and walked away with the sense that the e-commerce giant wasn’t planning a quick-commerce offering in India.

Amazon is fumbling in India

Ho's stake in the newly-public company is worth nearly $70 million. Bloomberg estimates his family's fortune at $13 billion.

Meet the 29-year-old son of a casino billionaire who just took his influencer and esports company public

The AdvancingCities program, which launched in 2022, saw the launch of accelerator programs across the nation in cities like Oakland, New York, Miami and Washington, D.C. with the goal of backing more diverse founders. J.P. Morgan sponsored the program with a commitment through December, but the relationship between the bank...

Techstars is laying off 17%, ending its J.P. Morgan-backed programs

SunPower filed for Chapter 11 bankruptcy late Monday after announcing plans to sell portions of its operations to Complete Solaria for $45 million. One of the largest residential solar installation companies in the U.S., SunPower was a leading U.S. manufacturer of solar panels before it spun out its manufacturing operations in 2019.

SunPower files for bankruptcy, plans to sell or wind down remaining operations

Missouri State

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CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

But then, on May 6, the authorities updated LockBit’s old site page and announced that they would be revealing the identity of LockBit’s administrator. “Who is LockBitSupp?” read a box on the site, which also included a 24-hour countdown. When cybersecurity researcher Jon DiMaggio saw the...

How a cybersecurity researcher befriended, then doxed, the leader of LockBit ransomware gang

When Instagram gained popularity, the app was all about getting that single, perfect photo to share with your followers. As the years passed, the idea of “photo dumps” gained popularity, as users started posting a collection of photos and videos in a carousel format instead of stressing over selecting a singular image.

Instagram is embracing the ‘photo dump’

Addison, IL

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Chicago Food King

Living in the area of Wood Dale, I am always on the hunt to try somewhere local and support them. I remember trying Elio Pizza several years ago and I was not really impressed with the food. However, my biggest complaint was the atmosphere created by the employees. My first interaction felt very cliquey, with preferential treatment given to people they knew instead of new customers.

This Popular Italian Restaurant in Addison has lost my business for good—no more Chances.

NEW YORK (Reuters) - Sharpie pen maker Newell Brands is moving some production of kitchen appliances out of China and has relocated manufacturing for its writing business to Tennessee as it faces "uncertainty" on tariffs ahead of the U.S. presidential election, Newell CEO Chris Peterson said in an interview with Reuters.

Sharpie-maker Newell moves more operations from China as tariffs loom

SAN FRANCISCO(CN) — A federal judge granted Friday morning a preliminarily approval for a $200 million settlement that will resolve a class action against Uber filed by shareholders who claim that the rideshare giant misrepresented its initial public offering in 2019. If U.S. Chief District Judge Richard Seeborg, a...

Uber reaches $200 million settlement with investors in IPO suit

LATAM group announced today its financial results for the second quarter of 2024, maintaining the positive trend in its operating and financial performance. LATAM reached a net income of US$146 million, which was driven by healthy growth and margins, accumulating US$405 million in the first six months of the year.

LATAM Airlines Group reports US$146 million of net income for the second quarter of the year

Denver, CO

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David Heitz

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

With Price Lock, Lyft says you’ll be able to pay a monthly fee to cap the price on a specific route at a specific time of day. So it could be particularly useful for riders who rely on Lyft for their daily commute; on the other hand, it’s not so useful for someone who’s leaving a giant concert and hoping to avoid a hefty price tag when they try to call a car at the same time as everyone else.

TechCrunch Minute: Lyft Price Lock could be an affordable alternative to surge pricing

TheWrap

The stock briefly hit a 52-week low of $6.73 per share on Thursday
The post Warner Bros. Discovery Stock Plunges Over 11% After Taking $9.1 Billion Impairment Charge on Linear TV Networks appeared first on TheWrap.

Warner Bros. Discovery Stock Plunges Over 11% After Taking $9.1 Billion Impairment Charge on Linear TV Networks

The home security company did not say when the cyberattack and data breach occurred, but disclosed that the attackers accessed the company’s databases containing customer home addresses, email addresses and phone numbers. In a brief regulatory filing published late Wednesday, ADT said it has “no reason to believe” that...

Home security giant ADT says it was hacked

The iPhone maker is already under investigation by the European Commission for suspected noncompliance with the DMA — a market contestability regulation that allows for fines of up to 10% of global annual turnover for violations (or 20% for repeat offenses). Back in June, the EU confirmed it would...

Apple revises DMA compliance for App Store link-outs, applying fewer restrictions and a new fee structure

NewsBreak

Ola Electric surges 20% in India’s biggest listing in two years

Shares of the Bengaluru-based firm, which counts SoftBank and Temasek among its backers, jumped to ₹91.20 (about $1.1) after starting to trade at ₹76, the higher...

Ola Electric surges 20% in India’s biggest listing in two years

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