Elon Musk plans to eliminate about 3,700 jobs at Twitter Inc., or half of the social media company’s workforce, in a bid to drive down costs following his $44 billion acquisition, according to people with knowledge of the matter. Twitter’s new owner aims to inform affected staffers Friday, said theContinue Reading
We know it for a fact that Indian tech companies are effectively bossing the true wireless earbuds market share. Noise, a brand that’s a crucial piece of that jigsaw of domination has decided (at least before other brands realize the need for the same) that there is a need toContinue Reading
Twitter’s new owner Elon Musk on Wednesday responded to uproar over the $8 monthly fee his company has announced for verified accounts on the microblogging site. Reiterating his position to charge users, the Tesla CEO and SpaceX owner tweeted, “To all complainers, please continue complaining, but it will cost $8.”Continue Reading
The Kerala government on Wednesday will meet the officials of Edtech platform Byju’s over the ‘forced resignations’ of 170 employees. The Kerala government’s labour department had scheduled a meeting on October 25, but the company officials did not attend citing short notice, Livemint reported. The company is firing 2,500 employeesContinue Reading
Edtech platform Byju’s on Wednesday revoked its decision to shut its operations in Thiruvananthapuram. This comes after the company’s founder and chief executive Byju Raveendran met Kerala chief minister Pinarayi Vijayan in wake of the layoffs of 170 employees based in the southern state On October 25, at least 170Continue Reading
Bank of Baroda has launched its Baroda Tiranga Plus Deposit Scheme, under which customers will get higher standard interest rates with effect from November 1. “We are pleased to offer a higher interest rate to consumers so that they earn more on their savings. This scheme offers higher interest ratesContinue Reading
Online brokerage platform Zerodha’s co-founder Nikhil Kamath on Wednesday shared his insights on the current housing market in India. Kamath, who along with his brother Nithin is worth $3.45 billion as per Forbes, questioned why would anyone buy a 1,000 square feet apartment in Mumbai when it can be rentedContinue Reading
AirAsia Aviation Group Limited on Wednesday has announced that it is selling the remaining equity shares in AirAsia to Tata Group-owned Air India. The move comes as AirAsia returns to the skies stronger than ever since the Covid-19 pandemic, which had enabled it to re-evaluate its strategic objectives, Livemint reported.Continue Reading
Reserve Bank of India governor Shaktikanta Das on Wednesday hailed the trial launch of central bank digital currency, calling it a landmark achievement. “Yesterday, we launched the trial of Central Bank Digital Currency (CBDC) project… It’ll be a landmark achievement as far as the functioning of the entire economy isContinue Reading
Snapping over two-week of the consistent rally, Indian stock indices have declined, though marginally, this morning, as investors await fresh cues from US Federal Reserve’s monetary policy review meeting outcome to be announced later today. At 9.39 am, Sensex traded at 61,054.24 points, down 67.11 points or 0.11 per cent,Continue Reading