Monthly Archives: July 2022

Byju’s Completes $950 Million Aakash Acquisition, Receives $800 Million Funds Raised in March

Byju’s announced on Monday that it had completed payment estimated at $950 million (roughly Rs. XXX crore) for the acquisition of Aakash Educational Services. The edtech firm also revealed that it had received a majority of the $800 million (roughly Rs. XXX crore) it raised in its latest round of funding. The company recently announced…

Hero Electric Rolls Out First Batch of E-Scooters From Mahindra’s Madhya Pradesh Facility

Electric Vehicle maker Hero Electric has rolled out the company’s first batch of e-scooters from a Mahindra facility in Madhya Pradesh. As part of a five-year deal with Mahindra, Hero Electric will manufacture its Optima and NYX e-bikes at Mahindra’s Pithampur plant. The deal with Mahindra is part of Hero Electric’s growth and expansion plans,…

Solana-Backed Crema Finance Loses $8.78 Million Worth of Cryptocurrency in Hack Attack

Crema Finance, a Solana blockchain-based liquidity protocol has lost $8.78 million (roughly Rs. 69 crore) in a hack attack. The hacker swapped the stolen fund into SOL 69422.9 and USDCet 6,497,738 via Jupiter, a swap aggregator on Solana. For now, Crema Finance has located the stolen funds and is closely monitoring its movement.Read More

China Rejects NASA Chief’s Accusation That It Plans to ‘Take Over’ the Moon

China has rejected a warning from NASA Administrator Bill Nelson that China might “take over” the moon as part of a military programme, calling it an irresponsible smear campaign. Nelson said China’s space programme was a military one and that China had stolen ideas and technology from others, in an interview published in German newspaper…