Twitter Inc temporarily closed its offices on Friday after telling employees they will be informed by email later in the day whether they are being laid off. The move follows a week of uncertainty about the company’s future under new owner Elon Musk. The social media company said in anContinue Reading
Samsung Electronics Co. clocked its best-ever Diwali festival sales in India, after demand for consumer electronics held up well despite mounting inflation. The Korean company sold ₹14,000 crore ($ 1.7 billion) of smartphones in the roughly two months that comprise India’s most important shopping season, often an indicator of broaderContinue Reading
New owner Elon Musk said on Friday that Twitter Inc had seen a “massive” drop in revenue and blamed activist groups pressuring advertisers. The world’s richest person, who took control of the social media company last week, said the decline came “even though nothing has changed with content moderation andContinue Reading
The mega layoffs at Elon Musk’s Twitter have now begun. The microblogging platform has temporarily shut offices and locked accounts of some employees, signalling that the move to cut nearly 4,000 jobs is underway. Multiple reports surfaced about Twitter sending an email to its workforce informing them that they wouldContinue Reading
Published on Nov 04, 2022 03:34 PM IST Markets end on positive note with Sensex closing at 60,950; Nifty ends at 18,127 A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(REUTERS) Markets end on positiveContinue Reading
Edtech giant Byju’s has roped in soccer superstar Lionel Messi as the first global brand ambassador of its social impact arm Education For All, the company said. Messi plays for Paris Saint-Germain and captains the Argentinian football team, and has signed an agreement with BYJU’S to promote the cause ofContinue Reading
Twitter said it will start laying off employees on Friday, as the new billionaire owner Elon Musk moves quickly after his big takeover to make the messaging platform financially sound. A company-wide email seen by AFP says Twitter employees will receive word via email at the start of business Friday,Continue Reading
The Reserve Bank of India on Tuesday kickstarted the pilot project for its upcoming digital currency. The pilot project comes months after Union finance minister Nirmala Sitharaman had made the announcement in her budget speech, stating that the move will give a major boost to the economy. A US-based thinkContinue Reading
PTI | | Posted by Aryan Prakash Tata Sons chairman N Chandrasekaran has responded to Union minister Nitin Gadkari’s letter pitching for more investments in his hometown Nagpur from the conglomerate. “Our teams will definitely be in touch with the Vidarbha Economic Development Council (VEDC) members as we evaluate newContinue Reading
The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fueled by Russia’s invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss. The bank boosted its key rate by three-quarters of aContinue Reading