Zolve, a neobank for global citizens moving to the US, raises $51M and secures $200M debt

Zolve, a neobank that helps provide financial access to high-skilled and high-spending global citizens moving to the U.S., has raised $251 million in a new (equity and debt mix) funding…

Continue ReadingZolve, a neobank for global citizens moving to the US, raises $51M and secures $200M debt

Infineon teams up with India’s CDIL to explore business in light EVs, energy storage solutions

Infineon Technologies, Germany’s leading semiconductor manufacturer, has partnered with India’s six-decade-old chipmaker CDIL Semiconductors to tap into emerging business opportunities in the South Asian nation. The partnership aims to support…

Continue ReadingInfineon teams up with India’s CDIL to explore business in light EVs, energy storage solutions

Uber ditches commissions in favor of fees for auto rickshaw drivers in India

Uber is moving away from its commission-based model for three-wheeled auto rickshaw drivers in India in response to increased competition from local rivals Rapido and Namma Yatri. The ride-hailing giant…

Continue ReadingUber ditches commissions in favor of fees for auto rickshaw drivers in India

Hotstar and JioCinema merge into JioHotstar as Reliance tightens grip on streaming in India

Hotstar and JioCinema, two widely used video streaming apps in India, have merged into JioHotstar. JioStar, a joint venture between Reliance-owned Viacom18 and Star India, said Friday it had integrated…

Continue ReadingHotstar and JioCinema merge into JioHotstar as Reliance tightens grip on streaming in India