11 Jan 2020

Startup NEWS, Jan 11, 2020

1. Boeing’s ousted CEO departs with $62 million, even without severance pay.

  • Boeing Co’s ousted chief executive officer, Dennis Muilenburg, is leaving the company with $62 million in compensation and pension benefits but will receive no severance pay in the wake of the 737 MAX crisis.
  • In addition to the $62 million in compensation and pension benefits, Muilenburg holds stock options that vested in 2013, Boeing said. They would be worth $18.5 million at the closing price on Friday.

2. Infosys whistleblower cloud lifts with audit panel clean chit to Salil Parekh.

  • An internal audit committee of Infosys Ltd has concluded that whistleblower allegations about financial irregularities at the Bengaluru-based information technology company were substantially without merit.
  • The company’s chairman Nandan Nilekani said on Friday: “We are comfortable that we have had a very thorough and comprehensive investigation, which will put us in good stead when we engage with them (SEC).”

3. Edwise to host Australia Education Fair across 17 cities in India.

  • Edwise is hosting Australia Education Fairs from January 12 to February 16 across 17 cities in India including Mumbai, Kolkata, Delhi, Bengaluru etc.
  • The fairs will help students find out about academic programs, loans, scholarships & admissions requirements in Australian institutions. Students can work for 2-4 years post-studies & proceed towards permanent residency, says Edwise.

4.CES 2020: Mark Cuban’s message to entrepreneurs – learn, invest in AI or risk becoming a dinosaur

  • Investor Mark Cuban has an emphatic message for entrepreneurs, businesses, and the government – invest in artificial intelligence (AI) technology or risk becoming ‘a dinosaur’ very soon.
  • Mark Cuban emphasized the need for the US government to be involved in developing AI technology and supporting its use, saying this was a national priority akin to the need to invest in and stay ahead of the space mission in the 1950s.

5. Zomato secures $150 Mn from Ant Financial at $3 Bn valuation

  • Online food delivery and restaurant discovery platform Zomato has secured $150 million in a funding round led by existing Chinese investor Ant Financial.
  • The Gurugram-based company has been valued at $3 billion after this round, a significant jump from its $2 billion valuation in March last year.
About Philomathes Jigyasu

Philomathes (pronounced as fillo-MAY-thus) is a fictional character at VAYUZ (https://www.vayuz.com), who is on a never ending journey called “LEARNING”. In a way, Philomathes embodies VAYUZ - Way of life, which is if you are not learning then you are not breathing. The word Philomathes, comes from the Greek roots philo and philein meaning "to love" and the Greek roots mathos (MAH-thos) and mathesis (muh-THAYSIS) meaning “learning”. Philomathes through his Blogs and Vlogs (Video Blogs) will share his experience, learnings and thoughts. In his tryst to learn and understand, he would also seek answers to questions. So if you would like to join him in this incredible journey called “ life” then feel free to write to him on philomathes.jigyasu@vayuz.com. Always remember, knowledge is all around us, we just need to keep our guards down and senses on.

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