5 min
NASA climate scientist arrested for protesting worst fossil fuel lenders; Elevation raises $670 mln; Unacademy fires 1,000 One Thing Today in Tech
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- Technology
Peter Kalmus, a NASA scientist who studies biological systems and climate change, and three others were arrested in Los Angeles on Wednesday after chaining themselves to the doors of a Chase Bank office building, Business Insider reports.
JPMorgan Chase has invested more money in fossil fuels than any other bank, according to a 2020 report from the Sierra Club and other climate advocacy organisations. In addition to calling for immediate action to address the climate crisis, the protestors were calling for the bank to divest from coal, oil, and gas, according to Insider.
The actions of Kalmus and his companions were part of more than a dozen protests staged in cities across the globe this week. This week's protests followed the release of the United Nations' latest climate report.
Amazon is planning to object to the results of the election where workers at a New York warehouse voted to organise with the Amazon Labor Union, according to a deadline extension request the company filed with the National Labor Relations Board, according to The Verge.
Infosys and Rolls-Royce yesterday inaugurated their joint ‘Aerospace Engineering and Digital Innovation Centre’ in Bengaluru. This centre has been established to provide high-end research and development services integrated with advanced digital capabilities to Rolls-Royce’s engineering and group business services from India.
Infosys and Rolls-Royce have agreements on strategic collaborations over the next seven years, India’s second-biggest software services company said in a press release.
Elevation Capital, the early-stage investor that has backed startups such as Swiggy, Paytm, Urban Company and Meesho, has closed its eighth, and largest, India-dedicated fund at $670 million, Economic Times reports. Elevation will look to deploy the money over the next three years.
Unacademy, an ed-tech unicorn that was valued at $3.4 billion last year, has laid off around 1,000 employees in the past few weeks, Economic Times reports. These include on-roll staff and teachers on contract. Around 600 people were fired last week as Unacademy, backed by investors including Softbank Group and Temasek, looks to cut costs amid an impending slowdown in venture funding.
Instoried, a user-friendly, intuitive web platform designed to help people craft empathetic and more effective written content, has signed an agreement with GEM Global Yield, an alternative investment group for a share subscription facility of up to $200 million, to be drawn at the option of the company, for a 36-month term following a public listing.
Omega Seiki Mobility and Log9 Materials have teamed up to deploy 10,000 3-Wheeler Rage+ Rapid EVs in Tier II and III markets of India over the next two years. Supporting these 3W EV Cargo Loaders will be Log9’s InstaCharging stations that charge a 3W completely within 35 minutes, Log9 said in a press release.
Theme music courtesy Free Music & Sounds:
https://soundcloud.com/freemusicandsounds
Peter Kalmus, a NASA scientist who studies biological systems and climate change, and three others were arrested in Los Angeles on Wednesday after chaining themselves to the doors of a Chase Bank office building, Business Insider reports.
JPMorgan Chase has invested more money in fossil fuels than any other bank, according to a 2020 report from the Sierra Club and other climate advocacy organisations. In addition to calling for immediate action to address the climate crisis, the protestors were calling for the bank to divest from coal, oil, and gas, according to Insider.
The actions of Kalmus and his companions were part of more than a dozen protests staged in cities across the globe this week. This week's protests followed the release of the United Nations' latest climate report.
Amazon is planning to object to the results of the election where workers at a New York warehouse voted to organise with the Amazon Labor Union, according to a deadline extension request the company filed with the National Labor Relations Board, according to The Verge.
Infosys and Rolls-Royce yesterday inaugurated their joint ‘Aerospace Engineering and Digital Innovation Centre’ in Bengaluru. This centre has been established to provide high-end research and development services integrated with advanced digital capabilities to Rolls-Royce’s engineering and group business services from India.
Infosys and Rolls-Royce have agreements on strategic collaborations over the next seven years, India’s second-biggest software services company said in a press release.
Elevation Capital, the early-stage investor that has backed startups such as Swiggy, Paytm, Urban Company and Meesho, has closed its eighth, and largest, India-dedicated fund at $670 million, Economic Times reports. Elevation will look to deploy the money over the next three years.
Unacademy, an ed-tech unicorn that was valued at $3.4 billion last year, has laid off around 1,000 employees in the past few weeks, Economic Times reports. These include on-roll staff and teachers on contract. Around 600 people were fired last week as Unacademy, backed by investors including Softbank Group and Temasek, looks to cut costs amid an impending slowdown in venture funding.
Instoried, a user-friendly, intuitive web platform designed to help people craft empathetic and more effective written content, has signed an agreement with GEM Global Yield, an alternative investment group for a share subscription facility of up to $200 million, to be drawn at the option of the company, for a 36-month term following a public listing.
Omega Seiki Mobility and Log9 Materials have teamed up to deploy 10,000 3-Wheeler Rage+ Rapid EVs in Tier II and III markets of India over the next two years. Supporting these 3W EV Cargo Loaders will be Log9’s InstaCharging stations that charge a 3W completely within 35 minutes, Log9 said in a press release.
Theme music courtesy Free Music & Sounds:
https://soundcloud.com/freemusicandsounds
5 min