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Vietnamese electric car maker VinFast said on Thursday its third-quarter revenues more than doubled as it ramps up deliveries and partnerships with U.S. dealers, and that it would set up a plant in India as part of its expansion drive. The company said in a filing to U.S. securities regulators that it made $343 million in revenues for the three months ended Sept. 30, up 159% on the same period last year. Its net loss widened 33.7% to $623 million, however, as it continued to rack up expenses.

The Microsoft-owned and business-focused social platform LinkedIn announced the rollout of new artificial intelligence (AI) features to assist job recruiters when sourcing candidates. 

Clear Finance Technology Corp., the lender co-founded by Canadian television personality Michele Romanow, secured a new round of funding, giving it room to mount a potential turnaround after a slowdown in the tech-startup industry battered its business.

Deus X Capital, a newly launched investment firm backed by a family office, has entered the crypto space with a combined $1 billion in fresh capital and existing investments.

By Stephen Nellis

An expert in the management of professional service firms says many of the recommendations of the governance report into PwC Australia are for practices that are already mandated in the UK for the big four consulting firms.

Apple has never ever publicly announced any plans to replace Google Search as the company has a history of making products and services that team well with Google’s offerings. However, there are several reasons to believe that the Cupertino giant could be working on its search engine.

Aakash Moondhra, global chief financial officer of Prosus-owned PayU, on Thursday said he has resigned from the payments firm, but will stay in post till September 30. Moondhra, who took to professional networking website, LinkedIn to share the news of his departure from the global fintech firm, called it the ‘end of an era’.

Zerodha values itself at around Rs 30,000 crore, or approximately $3.6 billion. While the Bengaluru-headquartered company has never raised private capital, it makes public its valuation estimates for its employee stock options buyback programmes. On September 26, Zerodha announced an overall revenue of Rs 6,875 crore for fiscal 2023, and a profit after tax of Rs 2,900 crore. Taking to LinkedIn, Nithin Kamath, chief executive officer of Zerodha, said he values the company at 10 to 15 times of its PAT.

Also read: Top panel to weigh special regime for big startups According to the sixth annual LinkedIn top-startups list, 20 young companies in the country "have trailblazed their way through recent economic and workplace challenges and managed to stand out to investors and top talent along the way". (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) In compiling the list, LinkedIn measured startups based on four pillars: employment growth, engagement, job interest, and attraction of top talent.

lonely journey. As many startup founders deviate from the ‘safe, tried and tested’ way of salaried jobs, they can often grapple with terrible loneliness and a sense of isolation from society at large. Kunal Bahl, the co-founder of Snapdeal and Titan Capital, recently shared an anecdote on how he too was not exempt from entrepreneurial loneliness. Taking to LinkedIn, Bahl wrote that many entrepreneurs go through a rough patch and no one reaches out to them, especially if they are perceived to have made it in life. “There are times in a founder's journey when either they are still early in their venture and nobody knows them or when they are going through a rough patch, and people feel they no longer need to know them. Responsiveness of others when a founder reaches out to them can vacillate quite significantly with whether he/she is perceived to be successful or not at this moment,” he wrote. He went on to thank those who had supported him unconditionally throughout the years, even when he was wading through tough tides. “ I have always fondly remembered and appreciated those who were responsive when one was unknown and especially when one was going through a rough patch. Those people are the gems and one should stay close to them. They believe in you, not your circumstances,” he concluded.

streaming platform, is stepping up its game in the podcasting arena with a groundbreaking AI-powered tool, which allows creators to translate their episodes into different languages. On Monday, Daniel Ek, Spotify's founder and CEO, announced this new feature with a post on his official LinkedIn handle, along with a video that showed the workings of this new feature. He wrote, «We’re testing something new at Spotify! Starting today — a pilot group of podcasters can now automatically translate their podcast episodes into alternate languages — all while keeping it in their own voice. It’s called Voice Translation and uses AI to translate pods into Spanish, French and German. It’s pretty insane to hear. More languages and more podcasts to come soon! Let me know what you think.»

Hackers stole around $200 million from crypto firm Mixin early on Saturday, the company said on social media platform X on Monday, in what researchers say is the largest crypto theft so far this year. Mixin, which lists its location on LinkedIn as Hong Kong, said the database of its network's cloud service provider was «attacked by hackers, resulting in the loss of some assets» and that «the funds involved are approximately US$200 million». Mixin describes itself as a network for transferring digital assets. It has one million users, according to its website. It said on X, formerly known as Twitter, that it had stopped allowing users to withdraw their funds from the network, but that transfers were not affected and that services will re-open once the vulnerabilities are fixed.

Hackers stole around $200 million from crypto firm Mixin early on Saturday, the company said on social media platform X on Monday, in what researchers say is the largest crypto theft so far this year. Mixin, which lists its location on LinkedIn as Hong Kong, said the database of its network's cloud service provider was «attacked by hackers, resulting in the loss of some assets» and that «the funds involved are approximately US$200 million».

Arbitrum, a layer-2 scaling solution for the Ethereum blockchain, officially added the unclaimed tokens from its airdrop to its treasury, stated Cointelegraph.

Phil Schneider has a new recruit to help manage the growing risks: artificial intelligence.“It’s a huge game changer for the fire service,” says Schneider of the technology created by Pano AI, which acts as a second set of eyes looking out for fires. 

India and South Asia Samiran Gupta has resigned, according to an update on his LinkedIn account. Gupta joined X in February 2022 before Elon Musk acquired the company. He continued on his job after Musk fired over 80 per cent of employees in India in November. Gupta's updated profile on Linkedin shows that he served the company till September 2023.

Sudha Murty, the Chairperson of Infosys Foundation, and fellow travelers has brought a breath of fresh air. Netizens are applauding Sudha Murty, not only for her impressive resume as the chairperson of Infosys Foundation but for her extraordinary humility and simplicity. At the bustling airport, Sudha Murty, wife of NR Narayana Murthy, co-founder of Infosys, and also an accomplished educator, author, and philanthropist, took the time to engage in conversations with everyday people, creating a warm and welcoming atmosphere. Coincidentally, Jayanti Bhattacharya, Co-founder of India Hemp and Co, was among those present and had the opportunity to interact with Sudha Murty.

Gupta's LinkedIn profile, his tenure at X concluded in September. His profile indicates that he facilitated the transition in leadership for Twitter following the acquisition by Elon Musk's X-Corp. Gupta had joined the company in February 2022, just eight months prior to Musk's $44 billion takeover of Twitter Inc, adds the report.

By Jaiveer Shekhawat and Laura Matthews

Morris Garages has launched its campaign #OurEverydayVignaharta to celebrate Ganesh Chaturthi.