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Agritech startup Ecozen raises $30 million in funding
Pune-based agritech firm Ecozen on Friday said it has raised $30 million (about Rs 250 crore) in a mix of equity and debt from existing investors including US-based global investment manager Nuveen.The debt support in the deal was fulfilled by InCred Credit Fund and U.S. International Development Finance Corporation through Ecozen’s exclusive advisor Setuka Partners, said a company statement.Ecozen said it has grown fivefold over the past two years, with a threefold increase in profit. The maker...
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What the FTC's Ban on Noncompete Agreements Means for 30 Million Workers
The Federal Trade Commission (FTC) has voted to ban employers from requiring workers to sign noncompete agreements, while blocking the enforcement of most existing clauses.The FTC announced a new rule banning noncompete clauses nationally on Tuesday, maintaining in a press release that the move would protect "the fundamental freedom of workers to change jobs" and "promote competition" by "fostering new business formation."An estimated 30 million workers—or about 18 percent of the U.S....
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Google invests $75M to teach one million Americans how to use AI
Google announced a new program to train rural and underserved workers in AI. The company also rolled out a new course to teach workers how to use AI tools. These moves come one week after the tech giant rolled back worker protections. READ MORE: