Business news
- Business
Disney set to reduce its workforce, freeze hiring amid revenue drop
San Francisco: Facing a slow revenue growth, Disney has reportedly planned to reduce its workforce and freeze hiring. According to an internal leaked memo from Disney CEO Bob Chapek, seen by CNBC,…
- Technology
Musk puts Twitter at risk of ‘billions in fines’ as more top execs quit
San Francisco: Elon Musk has put Twitter at risk of billions of dollars in fines, a company lawyer has warned, as chief privacy officer Damien Kieran, chief information security officer Lea Kissner,…
- Technology
I will remove all legacy Blue badges in coming months: Musk
New Delhi: Elon Musk on Friday said that there are too many corrupt and fake legacy Blue “verification” checkmarks on Twitter and he is going to remove all of them in the…
- Business
AMD is committed to India, I was there six weeks ago: Lisa Su
San Francisco: Lisa Su, President and CEO of the $23 billion Advanced Micro Devices (AMD), told IANS here that Indian engineers have done substantial work on the new Epyc fourth generation technology…
- Business
Crypto exchange Coinbase to lay off more employees amid FTX saga
San Francisco: Leading crypto exchange Coinbase will lay off more employees soon in a fresh round of job cuts, as the world of crypto faces another existential threat after the FTX collapse,…
- Business
Zomato narrows net loss to Rs 251 cr, crosses USD 1 bn in annualised revenue
New Delhi: Online food delivery platform Zomato on Thursday said that its consolidated net loss decreased to Rs 251 crore for the September quarter, against Rs 430 crore in net loss in…
- News
MP CM to visit Mumbai to invite investors
Bhopal: Madhya Pradesh Chief Minister Shivraj Singh Chouhan is scheduled to visit Mumbai on Thursday to hold meetings with investors and invite them to invest in his state. His visit comes ahead…
- Business
Twitter will add granular details to verified badges: Musk
New Delhi: Elon Musk on Thursday said that Twitter has rolled out the new verified Blue subscription service for $8 on iOS in a few countries and will soon add “granularities” to…
- Technology
Apple iOS 16 5G Beta now live in India for Airtel, Jio users
New Delhi: Apple iOS 16 5G Beta software programme has gone live in India and Airtel and Jio customers can now experience super-fast 5G. The users on iPhone 14, iPhone 13, iPhone…
- India
Education not a business to earn profit, tuition fee must be affordable: Supreme Court
New Delhi: The Supreme Court on Monday observed that education is not the business to earn profit and tuition fees shall always be affordable as it noted that the Andhra Pradesh Government’s…
- Technology
Snap to pay sound creators up to $50K a month in India
Mumbai: Snap, the parent company of Snapchat, on Tuesday said it will provide monthly grants of up to $50,000, beginning mid-November, to top sound creators in India that are distributing music on…
- Business
Paytm records revenue growth of 76% to Rs 1,914 crore
New Delhi: Digital payments and financial services company Paytm on Monday posted 76 per cent year-on-year (YoY) growth in revenue to Rs 1,914 crore in Q2FY23, while EBITDA before ESOP cost improved…
- Business
Musk’s job cut hits Twitter India, unaffected employees living in constant fear
New Delhi: For most of the nearly 200-strong Twitter India workforce, the Friday morning came with total chaos when they lost access to their official emails and internal Slack and group chats,…
- Business
Unemployment rate surges to 7.77% in October: CMIE data
New Delhi: Unemployment rate in the country in October rose to 7.77 per cent compared to 6.43 per cent in September, according to data released by Centre for Monitoring Indian Economy (CMIE).…
- Business
Digital payments firm Stripe lays off 14% of workforce
San Francisco: Global payment processing firm Stripe on Thursday announced to cut over 1,000 jobs, or 14 per cent of its staff. The payment processor cited “stubborn inflation, energy shocks, higher interest…