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Kunal Shah’s big plans for WhatsApp; Gaurav Munjal steps down as Unacademy CEO

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Kunal Shah’s big plans for WhatsApp; Gaurav Munjal steps down as Unacademy CEO

Gaurav Munjal is stepping down as CEO to become the executive chairman of Unacademy. Akhilendra Kumar will take over as CEO. 

Munjal, however, would stay involved in operations every day, work alongside the new CEO, and help with upGrad’s IPO. The leadership change comes two months after upGrad completed the acquisition of Unacademy for over $200 million. 

In other news, the Indian government has prohibited the export of lithium-ion battery black mass, a key intermediate material recovered during battery recycling. 

Reversing the earlier policy that allowed shipments overseas, the Directorate General of Foreign Trade has notified an amendment banning shipping of unsorted waste, scrap, and spent primary cells, primary batteries, and electric accumulators. The move, which is expected to strengthen domestic recycling, comes just a week after the Cabinet approved a Rs 2,814 crore scheme to promote critical mineral processing. 

Meanwhile, IBM has halted sponsorship of work visas and green cards for most positions in its consulting division in the US, reflecting the growing impact of the Trump administration’s tightening immigration policies on the tech industry. 

Lastly, in a high-profile IPL trade, all-rounder Hardik Pandya has moved to Punjab Kings from Mumbai Indians for a fee of Rs 18 crore, up from 16.35 crore. PBKS traded pacer Arshdeep Singh for Pandya, making it the biggest exchange of players in IPL history. 

Here’s your trivia for today: What is the meaning of the Latin phrase ‘caveat emptor’? (Scroll down for the answer)


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