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Byju's raises $50 million from IIFL, other investors

'Pure plumbing failure': Nobel laureate Abhijit Banerjee describes India's COVID-19 lockdown

Nobel laureate Abhijit Banerjee has said the nationwide lockdown imposed by the Indian government last year to curtail the spread of COVID-19 infections, and the resultant migration of poor people from cities to their villages by walking hundreds of kilometres on foot was a "pure plumbing failure". Citing the migrants in cities who cannot take advantage of government's welfare scheme there, Banejee said India is an example of a country where they had not thought through their plumbing.

Byju's raises $50 million from IIFL, other investors

Edtech firm Byju's has raised $50 million in its Series F funding round from investors. According to regulatory filings, the amount was raised from IIFL and Maitri Edtech. IIFL invested $35 million, while Maitri Edtech invested $15 million.

Tesla to organise AI day in 'about a month' for recruitment: Elon Musk

Tesla Inc chief Elon Musk is considering holding an AI Day in about a month, where the Silicon Valley billionaire will showcase the progress in AI software and hardware with an aim to recruit. His latest plan to promote Tesla's technology comes amid the hiccups faced in the company's path to achieve full self-driving technology.

Mukesh Ambani calls for bridging COVID-19 vaccine, digital divide

Reliance Industries CMD Mukesh Ambani on Monday called for bridging the COVID-19 vaccine divide among nations and also digital divide. Speaking at the Qatar Economic Forum, Ambani said connectivity and communications have become basic need and fundamental right of every human being.

No scientific evidence of COVID-19 vaccine leading to infertility in men, women: Health Ministry

The Union health ministry on Monday reiterated there is no scientific evidence of COVID-19 vaccination causing infertility in men and women and asserted the jabs are safe and effective. There have been media reports expressing concern regarding infertility due to COVID-19 vaccination among people of reproductive age, the ministry said in a statement.

Tatas aim to raise up to $2.5 billion for their digital business

With the super app in the making and expansion of digital business, Tata Sons is looking for investors to pump in money. The company reportedly approached global investors to raise an estimated $2-2.5 billion for its digital business as the company prepares for the pilot launch of its super app in Bengaluru in September.