The Finance Story

💰Elon Musk's xAI Raises $6 Billion in series C, bringing total funding to $12 billion. 🌟 Backers include a16z, Blackrock, Fidelity, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, Sequoia Capital, Nvidia, AMD, among others. 🎯In November, xAI secured $5 billion in funding, bringing its valuation to $50 billion. 📈 However, its current valuation has not been disclosed. #xai #ai #elonmusk #fundraise

💼 Razorpay offers ₹1 lakh in #ESOPs to all employees, marking 10 years of operations. 📊With over 3,000 employees, the total ESOP value exceeds ₹30 crore. 💡This follows a $75 million ESOP buyback for 650 employees in 2021. #razorpay #esop #startup

🎉 Aakash Chaudhry, Founder and Former CEO of Aakash Educational Services Limited, launched Sparkl Edventure on October 2024. 🎯 Mission: To revolutionize online education for middle and high school students 💸 Sparkl Edventure secured $4M in seed funding 🚀 Backed by Zomato’s Deepinder Goyal & Zerodha’s Nithin Kamath #edtech #fundraise #seedfunding

🚨 National Financial Reporting Authority (NFRA) Uncovers #Audit Lapses: Major failings found in BSR & Co. LLP and Lodha & Co. 🔍 Key Issues: Related party transactions, poor audit documentation, and compromised independence controls. 💡 Raises critical questions about audit quality and compliance standards. Lodha & Co. LLP is a leading audit and consulting firm with a presence since 1995. BSR & Co. LLP, part of the #KPMG International network, provides auditing, taxation, and advisory services in India in a wide range of industries. #nfra #auditors #kpmg

🎉 India & Kuwait Elevate Relations to Strategic Partnership 🤝 Narendra Modi received Kuwait's highest award, ‘The Order of Mubarak Al-Kabeer' for strengthening bilateral ties. 📈 It will focus on trade and defence cooperation as key pillars. 📈 Deeper economic and strategic engagements expected between the two nations. #india #kuwait

📢 Donald Trump names Sriram Krishnan as Senior AI Policy Advisor 🎉 He is an Indian-American entrepreneur with experience at Microsoft, Twitter, Facebook, and Snap. 🤖 Will work with David O. Sacks, White House AI & Crypto Czar to shape US AI policy. 🎉Ensure US leadership in AI and advise on government tech strategy. #ai #usa #donaldtrump

Google is laying off 10% of its Managerial Staff 🚨Targeting manager, director, and VP roles   💼Some of those roles will shift to individual contributors.  📉 Sundar Pichai confirmed this as part of a push to improve efficiency. #google #layoffs #techlayoff

🚨 InCred Finance appoints Gaurav Maheshwari as #CFO 🗓️ Effective December 16, 2024 🔑This follows the resignation of former CFO Vivek Bansal. 📈 It is a strategic move amid expansion and plans for an IPO #incred #cfo #appointment #financialservices

🚨 Blinkit Gets a New CFO! ✨Vipin Kapooria joins Zomato owned Blinkit as its first full-time CFO in two years. 🕔 Kapooria has worked at Flipkart, OYO, and Yum! 🔑 He will work closely with CEO Albinder Dhindsa to drive growth. 🚀 #blinkit #cfo #zomato

🚀 OpenAI brings ChatGPT to WhatsApp for easy access 📱 No need for a dedicated account or app 📱 Users worldwide can add 1-800-242-8478 to chat with ChatGPT 🇺🇸 US users can even call 1-800-CHATGPT for voice interactions #chatgpt #openai #ai #chatgptwhatsapp