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Cetus has officially relaunched following a significant hack in May that resulted in a loss of $200 million. The company aims to restore trust and security in its platform as it moves forward from this major setback.
India has emerged as a crucial strategic market for global brands, according to the CEO of Myntra. This highlights the growing importance of the Indian consumer base in the global retail landscape, emphasizing the potential for international brands to thrive in this dynamic market.
Meta is reportedly in discussions to invest in Scale AI, with the potential deal exceeding $10 billion. This significant investment highlights Meta's ongoing commitment to enhancing its capabilities in artificial intelligence and machine learning technologies.
India's digital forensics market is projected to experience significant growth, expected to triple the global growth rate and reach a valuation of $1.39 billion by the fiscal year 2030. This surge highlights the increasing importance of digital security and forensic analysis in the country.
Lenskart has transitioned to a public limited company as of May 30, 2025, in preparation for a $10 billion IPO. Founded by Peyush Bansal, Amit Chaudhury, and Sumeet Kapahi, the eyewear company is expanding globally, with significant growth in the eyewear market projected.India's IPO market is thriving, with a notable increase in deals and proceeds, creating a favorable environment for Lenskart's public offering. The company has also shown financial discipline, reducing losses significantly in FY2024, indicating readiness for market scrutiny.
Tesla has fallen to 10th in market value, losing 29.3% of its worth in 2025, now at $917 billion, due to declining EV demand and CEO Elon Musk's controversies, including a feud with President Trump. The company's market share has shrunk significantly, with a 9% revenue drop and a 71% decline in net income in Q1 2025, as it faces fierce competition from both established and new automakers. Musk's personal brand, once an asset, now poses risks to Tesla's image and market position.
[Bloomberg]
Foxconn reported record sales of NT$615.75 billion (US$20.6 billion) in May, an 11.92% increase year-on-year, driven by higher iPhone shipments. Despite a 3.99% decline from April, the company anticipates growth in Q2, bolstered by strong performance in AI servers and a strategic pivot beyond consumer electronics.
China's Didi reported an 8.5% increase in revenue for the first quarter, signaling a positive trend in its recovery. The growth reflects the company's efforts to rebound in a competitive market as it navigates post-pandemic challenges.
DOGE is facing a significant leadership vacuum following Elon Musk's departure, raising concerns about its future direction and stability. The absence of a clear leader may impact the cryptocurrency's community and market dynamics as it navigates this transitional phase.
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Cetus reemerges following two hundred million dollar hack in May
05:13 09.06.2025
India emerges as a vital market for global brands according to Myntra CEO
15:26 08.06.2025
Meta explores potential investment in Scale AI exceeding 10 billion dollars
08:50 08.06.2025
India's digital forensics market projected to reach 1.39 billion by 2030
08:48 08.06.2025
Lenskart transitions to public company ahead of ten billion dollar IPO
08:00 08.06.2025
Tesla falls to tenth in market value amid declining sales and controversies
05:30 08.06.2025
ByteDance appoints Chinese leaders to revamp TikTok Shop in the US
04:30 08.06.2025
Foxconn reports record May sales and anticipates growth in Q2
02:30 08.06.2025
Didi reports 8.5 percent revenue growth in first quarter recovery
23:18 07.06.2025
Doge faces uncertainty after Musk's exit from leadership role
19:34 07.06.2025
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