News this past week

News you might have missed this week. This is your one stop for all the news surrounding technology, businesses and startups.

Business News

“6 US giants now have Indian origin CEOs: Twitter’s new CEO is Parag Agrawal”
Twitter appoints Parag Agarwal (earlier Twitter’s CTO) as the new CEO. Patrick Collison, the CEO of world’s third-largest unicorn startup Stripe, said it’s “wonderful to watch the amazing success of Indians in the technology world.” Tesla CEO Elon Musk wrote on Twitter, “USA benefits greatly from Indian talent!” as a response to a tweet by Stripe CEO Patrick Collison, which said, “Google, Microsoft, Adobe, IBM, Palo Alto Networks, and now Twitter run by CEOs who grew up in India.”

“3 major Indian telecoms Airtel, Jio and Vodafone hikes prepaid tariffs”
After Airtel and Vodafone Idea, Jio also hikes prepaid tariffs. Jio announced its new unlimited plans with its lowest plan starting at ₹91, which earlier was ₹75. The new plans are applicable from December 1. Earlier, Airtel and Vodafone Idea (Vi) announced a 20-25% hike on their prepaid plans.

“Disney named Susan Arnold as its first woman chairman”


Susan Arnold is the first woman to become Walt Disney chairman in its 98-year history. Susan Arnold, who has been a board member for 14 years, will succeed Bob Iger as Chairman on December 31. Iger, who stepped down as Disney’s CEO in 2020 after 15 years in the role, will leave the company later this month. Susan was formerly an operating executive of equity investment firm The Carlyle Group. She has also served in executive roles at Procter and Gamble and McDonald’s Corp.

“Elon Musk mocks $19 Apple Cloth as Tesla launches a $50 ‘Cyberwhistle’”


“Don’t waste your money on that silly Apple Cloth, buy our whistle instead!” Musk wrote on Twitter. Apple’s ‘Polishing Cloth’ costs $19 each, while Tesla’s ‘Cyberwhistle’, which is made from medical-grade stainless steel, costs $50. Cyberwhistle whose shape is inspired by upcoming Tesla’s cybertruck, was sold out within hours after CEO Elon Musk tweeted about its launch.

Technology News

“No proposal to recognise Bitcoin as a currency: Finance Minister Sitharaman (New Delhi)”
Indian government has clarified that it has no proposal to recognise cryptocoins. Nirmala Sitharaman told the Lok Sabha to clear any rumours surrounding cryptocurrency being legalised in India. She also informed that the government is not collecting any data on Bitcoin transactions. 

Startup News

“Slice becomes 41st Indian startup to enter unicorn club in 2021”
Bengaluru-based credit card startup slice raised $220 million in a Series B funding round which values the company at above $1 billion now. The Series B round was led by US-hedge fund Tiger Global and Insight Partners. The company currently provides a Visa card focused on millennials which allows the customers to pay for their purchases in three installments.

“India leading startup world in 2021: PM Modi”
“A big change has come this year and in just 10 months, a unicorn was made in India every 10 days,” PM Modi said. He added that people are now dreaming of becoming job creators and India is leading the world in field of start-up.