KVSP Business
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Divgi TorqTransfer Systems IPO made its stock market debut today on a muted note. The shares got listed at a premium of 5.08 per cent or at Rs 620 on NSE over the issue price of Rs 590. The Pune-based auto component manufacturer debuted flat at Rs 600 on BSE. In an exclusive conversation with […]
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Jetson Electric Bikes recalls 42-Volt Rogue Self-Balancing Scooters/Hoverboards due to fire hazard. — CPSC (WASHINGTON) — After two deaths, approximately 53,000 hoverboards are being recalled due to fire risks, the U.S. Consumer Product Safety Commission (CPSC) said Thursday. The voluntary recall impacts certain Jetson Rogue self-balancing scooters — also known as hoverboards — which were […]
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Luis Alvarez/Getty Images (SEATTLE) — Seattle will provide paid sick and safe leave for most gig workers under a new law, becoming the first U.S. city to guarantee such benefits on a permanent basis for app-based employees. Workers who perform tasks for companies like Instacart, Postmates and DoorDash will accrue a day of paid sick […]
Witthaya Prasongsin/Getty Images (NEW YORK) — Embattled crypto executive Sam Bankman-Fried now faces an additional criminal charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act, according to a superseding indictment unsealed Tuesday in the Southern District of New York. The new charge brings to 13 the total number of counts […]
Justin Sullivan/Getty Images, FILE (NEW YORK) — Roku plans to lay off another 200 workers, or 6% of its workforce, the video-streaming company said in a government filing on Thursday, just months after a prior round of layoffs in the fall that slashed 200 jobs. The company’s revenue surged during the pandemic when customers stuck […]
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Justin Sullivan/Getty Images (NEW YORK) — Artificial intelligence-driven language models have garnered millions of users in recent months, instantly whipping up viral sensations like a biblical verse about how to remove a peanut butter sandwich from a VCR. However, the AI-enhanced chat bots pose significant dangers that far outweigh the benefits, according to a group of […]
Al Drago/Bloomberg via Getty Images (WASHINGTON) — Starbucks’ former CEO Howard Schultz on Wednesday denied breaking the law in response to sharp criticism from Sen. Bernie Sanders, I-Vt., who accused the company of “the most aggressive and illegal union busting campaign in the modern history of our country.” In response to questions from Sanders during […]
