TikTok’s new corporate entity in India?

TikTok’s new corporate entity in India?

Reportedly, ByteDance- TikTok’s parent company, is setting up a second corporate entity in India. Few days back, Reuters reported that ByteDance now wants to move their decision-making authorities and research team out of China. After this report, this report also somewhat states something similar. According to The Economic Times, this new entity might provide IT and IT-enabled services…

Ola & BookMyShow are laying-off close to 1700 employees total.

Ola & BookMyShow are laying-off close to 1700 employees total.

After the news of the two biggest food-aggregators- Zomato and Swiggy laying-off employees in the country, two of the other big firms, also doing the same. BookMyShow BookMyShow has laid off or furloughed around 18% of its total workforce that is 270 employees. All this is happening because of the impact of the nation-wide lockdown….

After Facebook, now Microsoft might invest in Jio.

After Facebook, now Microsoft might invest in Jio.

Even after getting the massive investment from Facebook, Jio now seems to be no stopping. This month has been a blessing for Jio as other major players such as KKR, Silver Lake, and others also invested in the company. Now, the latest report suggests that Jio’s long-standing partner Microsoft is also looking forward to investing more…

Facebook acquires Giphy.

Facebook acquires Giphy.

Today, Facebook acquired one of the most popular GIF creation and sharing platform– Giphy. Facebook said that from now, Giphy will be a part of Instagram. The news was first published by Axios and later Facebook confirmed it in an official blog post. According to Axios’s report, Giphy had a valuation of around $400 million. Facebook…

Apple might shift 20% of it’s production to India, and become India’s largest exporter.

Apple might shift 20% of it’s production to India, and become India’s largest exporter.

In light of recent government policies like the Production-Linked Incentive (PLI), Apple may shift nearly 20% of its production from China to India.  Many of senior Apple executives and top government officials are in talks for the fast few months over possibly shifting 20% of Apple’s production out of China to India, through its contract…