Accenture makes millions by cleaning Fb's content🔍

Zerodha gets SEBI approval for AMC, Tesla moves a step closer to making India debut.

Sep 02, 2021

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Accenture quietly cleans up Facebook for $500 million a year🧹

Facebook’s secretive relationship with global consulting group Accenture is at the heart of the social media company’s efforts to distance itself from the most toxic part of its business -- moderating content posted on its platform.

Facebook has long faced criticism and scrutiny for the violent and offensive content shared on its platform. However, Facebook has quietly paid others to take much of the blame.

Facebook has signed contracts with Accenture for at least $500 million per year for content moderation and other services.

Zerodha gets approval to launch mutual fund business✅

Zerodha has received a licence from the capital markets regulator, the Securities and Exchange Board of India (SEBI), to set up an Asset Management Company (AMC).

Zerodha is India’s largest retail broker by registered users.

Zerodha founder and chief executive Nithin Kamath

Zerodha had applied to the capital market regulator in February 2020, just months after Sebi allowed fintech firms to enter the MF business.

Nithin Kamath @Nithin0dha

So, we just got our in-principle approval for our AMC (MF) license. I guess now comes the hard part.

Nithin Kamath @Nithin0dha

To grow the capital market participation from the current 1.5 crores and address those who currently don't invest (Millenials), we think mutual fund as a product needs to be reimagined. So yeah, we have just applied for an AMC (Mutual fund) license. 🤞 https://t.co/jBuH1722n5

Flipkart co-founder Sachin Bansal’s fintech venture Navi has also received regulatory approval to launch its own AMC.

Skit, the voice automation startup formerly known as Vernacular.ai, has raised $23 million as part of its Series B round.
Peppermint, an industrial robotics startup, has raised Rs 5 crore in a funding round.
Codingal, an ed-tech startup focused on coding, has raised $1.2 million in a seed funding round to provide a more personalized learning experience on its platform.

Four Tesla models get green signal in India🟢

Tesla’s India market entry is imminent. In what is a clear indication of the American EV maker’s India market plans, four Tesla models have been homologated or approved for use on Indian roads as seen on Vahan Sewa, a government of India portal for vehicle homologation.

Tesla Club India® @TeslaClubIN

Model Y continues being tested in Pune, India. This points towards Model Y also being introduced along with model 3🤞 #Tesla #TeslaIndia🇮🇳 #TCIN $tsla

The Tesla Model 3 is the company’s most affordable model and will likely be the first model introduced in the Indian market as it has already been spied testing on our roads.