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<ul><li><keyword id="1552189" type="General" weightage="20" keywordseo="pine-labs" source="Orion">Pine Labs</keyword>’ former CTO Sanjeev Kumar will now head the research and development (R&amp;D) vertical.</li><li>Kalagara has spent 12 years working with PayPal, three years at Flipkart and about 8 years working in the USA.</li><li>Pine Labs is expected to file the preliminary paperwork for its public listing by the end of October.</li></ul>Payments company Pine Labs, which is expected to file for its initial public offering (IPO) soon, has appointed former Flipkart executive <keyword id="12347953" type="General" weightage="20" keywordseo="phanimohan-kalagara" source="Orion">Phanimohan Kalagara</keyword> as its chief technology officer (CTO). Sanjeev Kumar, former CTO of Pine Labs, will now move to a new role within the company and head the research and development (R&amp;D) vertical. Phanimohan Kalagara has over two decades of experience in the field of technology having worked in ecommerce, financial technology, and computer-aided design &amp; computer-aided manufacturing (CAD/CAM) industries. He also has expertise in emerging technologies like virtual reality. “With Pine Labs, I see a massive opportunity to make a substantial difference to the future of merchant commerce in Asia. Looking forward to being part of this team that is set to shift the fintech landscape in Asia," Kalagara said in a press note. He has previously worked as the senior vice president of product and engineering at Flipkart, senior director of engineering PayPal and director of software development at Advanced Interactive Systems. He spent 12 years working with PayPal and three years at Flipkart. “We have made several new appointments in the past one year to bolster our technology capabilities. Phani [Kalagara] comes with a wealth of experience in product and engineering and is the right man to lead our Technology team during this exciting phase of growth for the company,” Amrish Rau, chief executive of Pine Labs, said. Pine Labs is expected to file the preliminary paperwork for its public listing by the end of October. The company is expected to list in Nasdaq listing in the US and plans to raise over a billion dollars from this issue, as per media <a href="https://www.livemint.com/market/ipo/pine-labs-may-file-for-nearly-1-bn-nasdaq-ipo-by-oct-end-11633888624007.html">reports</a>. The company has reportedly hired investment bank Morgan Stanley to manage the proposed IPO. The Noida-based fintech startup has raised $838 million to date from marquee investors like IIFL Asset Management, Fidelity Management and Research Company, Neuberger Berman Loan Advisers Holdings and more. Pine Labs had raised $100 million from Invesco Developing Markets Fund in September, and it is now valued at $3 billion. SEE ALSO <a href="https://www.businessinsider.in/tech/enterprise/news/facebook-plans-to-rebrand-itself-to-a-metaverse-company-with-a-new-name/articleshow/87150303.cms" data-type="tilCustomLink" style="">Facebook plans to rebrand itself to a metaverse company with a new name</a> <a href="https://www.businessinsider.in/tech/apps/news/whatsapp-rolls-out-redesigned-icons-working-on-done-and-undo-buttons-for-media-editing/articleshow/87131523.cms" style="">WhatsApp rolls out redesigned icons, working on “Done” and “Undo” buttons for media editing</a> <a href="https://www.businessinsider.in/tech/news/facebook-tests-new-feature-that-will-allow-users-to-cross-post-their-videos-and-photos-on-instagram/articleshow/87131315.cms" style="">Facebook tests new feature that will allow users to cross-post their videos and photos on Instagram</a>

IPO-bound Pine Labs appoints former Flipkart, PayPal exec Phanimohan Kalagara as CTO

Electric car maker <keyword id="107096" type="General" weightage="80" keywordseo="tesla" source="Orion">Tesla</keyword> is still facing the $2 billion lawsuit, filed against the Elon Musk-run company by hydrogen trucking startup <keyword id="1192755" type="General" weightage="100" keywordseo="nikola" source="Orion">Nikola</keyword> over design patents infringement. A <keyword id="148026" type="General" weightage="20" keywordseo="US-federal-judge" source="Orion">US federal judge</keyword> has now directed Nikola to continue its three-year-old $2 billion patent lawsuit against Tesla. The case against Tesla will still remain "administratively closed" but won't be dismissed, Judge <keyword id="3773697" type="General" weightage="20" keywordseo="james-donato" source="Orion">James Donato</keyword> said in a new order on Tuesday, reports The Verge. Nikola first filed the lawsuit in 2018, alleging that Tesla's own semi-truck infringes on a number of Nikola's design patents. "Nikola said in its original complaint that Tesla stealing its designs would rob the startup of $2 billion in market share," the report said. The judge, who on October 1 closed the case as neither Nikola nor Tesla responded to earlier orders, has now assigned Nikola two new deadlines for hearing in January 2022. "Nikola's ostensible reasons for not responding to the Court's orders are not particularly compelling," the judge said in the order. "The case will not be dismissed at this time for failure to prosecute, but that may change if Nikola does not move this case forward to resolution in an efficient and timely manner." Tesla showcased its first semi-truck in 2017. However, for years and several delays later, Tesla is yet to release the 'Tesla Semi' or the 'Megacharger' for it to date. Tesla recently delayed the first Tesla Semi deliveries to customers until 2022 when it will have more battery cell supply. The company has been spotted deploying the first Megacharger to charge its upcoming semi-electric truck at Gigafactory Nevada, the media reported this week. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/facebook-plans-to-rebrand-itself-to-a-metaverse-company-with-a-new-name/articleshow/87150303.cms">Facebook plans to rebrand itself to a metaverse company with a new name</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/ipo-bound-pine-labs-appoints-former-flipkart-paypal-exec-phanimohan-kalagara-as-cto/articleshow/87151543.cms">IPO-bound Pine Labs appoints former Flipkart, PayPal exec Phanimohan Kalagara as CTO</a>

Tesla still faces $2 billion patent lawsuit by trucking startup Nikola over design patents infringement

<keyword id="6367091" type="General" weightage="100" keywordseo="petrol" source="Orion">Petrol</keyword> and <keyword id="6397171" type="General" weightage="20" keywordseo="diesel-prices" source="Orion">diesel prices</keyword> on Wednesday rallied to their highest ever levels across the country, as fuel rates were hiked again by 35 paise a litre after a two-day pause. The price of petrol in <keyword id="66" type="General" weightage="20" keywordseo="delhi" source="Orion">Delhi</keyword> rose to its highest-ever level of ₹106.19 a litre and ₹112.11 per litre in <keyword id="6358070" type="General" weightage="20" keywordseo="mumbai" source="Orion">Mumbai</keyword>, according to a price notification of state-owned fuel retailers. In Mumbai, diesel now comes for ₹102.89 a litre; while in Delhi, it costs ₹94.92 a litre. The fuel prices remained static on Monday and Tuesday, but had risen for four straight days by 35 paise per litre each before (October 13-16. There was no change in rates on October 12 and 13. Diesel prices have increased on 20 out of the last 26 days taking up its retail price by ₹6.30 per litre in Delhi. With diesel prices rising sharply, the fuel is now available at over ₹100 a litre in several parts of the country. This dubious distinction was earlier available to petrol that had crossed ₹100 a litre-mark across the country a few months earlier. <keyword id="107991" type="General" weightage="20" keywordseo="Petrol-prices" source="Orion">Petrol prices</keyword> had maintained stability since September 5, but the oil companies finally raised the pump prices last week and this week gave a spurt in the product prices lately. Petrol prices have also risen on 17 of the previous 22 days taking up its pump price by ₹5 per litre. Crude prices have been on a surge rising over a three-year high level of over $ 85 a barrel now. It had softened a bit falling below $ 85 a barrel now. Since September 5, when both petrol and diesel prices were revised, the prices of both in the international market was higher by around $9-10 per barrel as compared to average prices during August. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/ipo-bound-pine-labs-appoints-former-flipkart-paypal-exec-phanimohan-kalagara-as-cto/articleshow/87151543.cms">IPO-bound Pine Labs appoints former Flipkart, PayPal exec Phanimohan Kalagara as CTO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/federal-bank-is-offering-internships-for-fresh-graduates/articleshow/87151028.cms">Federal Bank is offering internships for fresh graduates — Check out stipend, incentives and other details</a>

Petrol and diesel prices hiked again by 35 paise after a two-day pause in metro cities

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IPO-bound Pine Labs appoints former Flipkart, PayPal exec Phanimohan Kalagara as CTO

Kritti Bhalla

Tesla still faces $2 billion patent lawsuit by trucking startup Nikola over design patents infringement

IANS

Petrol and diesel prices hiked again by 35 paise after a two-day pause in metro cities

IANS

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