Vodafone CEO Nick Read on Tuesday said its Indian business Vodafone, Idea may collapse soon be headed for liquidation unless the government intervene to relax demands for mobile spectrum fees. “It’s fair to say it’s a very critical situation,” Read said Also Read: SC Orders Telecom Operators To Pay Rs. 92,000 Cr As They Lose...
Indian Railways’ first private train, namely, Lucknow-Delhi Tejas Express, in its first month in business has reported a revenue of nearly Rs. 3.70 crore. The IRCTC-run train has made a profit of Rs.70 lakh in October. Started on October 5, Lucknow-Delhi Tejas Express is the fastest train running between Delhi and Lucknow. Also Read: Bored...
Instagram has reportedly approached celebrities, asking them to create IGTV content, which shouldn’t cover “content about social issues, elections or politics”. “We believe there’s a…difference between allowing political…content on our platform and funding it ourselves,” a spokesperson said. Also Read: Apple Card Accused Of Promoting Sexism, Gender Discrimination Facebook-owned photo-sharing platform will bear all the...
In a series of tweets on the microblogging site, a tech entrepreneur has accused Apple of promoting sexism. Entrepreneur David Heinemeier Hansson noticed that the Apple card gave him a 20 times higher credit limit than it gave to his wife. Hansson, a green card holder, said his American wife had a better credit score....
As per the leaked documents that reveal the exchanges between Facebook CEO Mark Zuckerberg and Tinder Co-founder Sean Rad, the former had allowed dating app Tinder special access to user data, which helped the latter thrive in 2015. The documents come from a 2015 lawsuit by bikini photo app Six4Three. Also Read: Facebook Testing Face-Motion Tool...
Tech Giant Google on Friday announced that it has appointed the former Star and Disney India head Sanjay Gupta as its new country head and vice president of sales and operations for India. The IIM-Calcutta alumnus will take on the role early next year and will be based out of Mumbai. Also Read: Rating Agency...
Amidst the economic slowdown, India is hit by another bad news that can worsen the economic stagnation. Rating agency Moody’s have has lowered India’s rating from “stable” to “negative”. November 8, 2016: Demonetisation November 8, 2019: "India’s credit ratings outlook was cut to negative by Moody’s Investors Service, the first step toward a downgrade, as...
Byte Dance owned lip-synced video-sharing app Tik-Tok since his debut, in India, has been financially making all the right kind of noises. And as per recent reports, TikTok’s market reach has surged by about 28% in 2019 from 1.12% in 2018. This unprecedented surge for TikTok has lead to Twitter and Facebook losing 40% of...
Moving away from the trade war, China and the USA have agreed to cancel tarrifs the two countries have been imposing on goods over the past months. The Chinese commerce ministry has said that the tariffs will be scrapped in phases, however, hasn’t spilled the beans about the timetable for the same. The scrappage of...
Looking to recover from its financial crunch the state-run telecom company BSNL recently launched Voluntary Retirement Scheme (VRS) for its employees aged 50 or above. Within days of the rolling out of scheme, over 18,000 employees have opted for VRS. The union cabinet recently decided to merge BSNL and MTNL to form a single entity....
Fast-food giant McDonald’s on Sunday fired its chief executive officer Steve Easterbrook after he was found guilty of violating the company’s policy by engaging in a consensual relationship with an employee. For the unknown, McDonald’s forbids managers from having romantic relationships with direct or indirect subordinates. Also Read: This App Converts Air Quality Index Into...
Popular cab aggregators Ola and Uber have announced that they would not resort to surge pricing during the implementation of Odd-Even scheme in Delhi. The Odd-Even scheme which is a popular step of the Delhi government to stop vehicular pollution would come into effect from Monday (that is 4th November). Ola in a statement yesterday...
