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…
Popular travel aggregator MakeMyTrip lays off about 350 employees, reported by Gadgets 360. Other firms such as Zomato, Swiggy, Ola, and BookMyShow are also cutting jobs.
Zomato On Friday 15th May, Zomato announced that it will lay-off around 13% of its global workforce which is around 520 people. As it can be understood that this step is taken to reduce the economic impact the company faced due to the COVID-19 outbreak along with the nation-wide lockdown. The company also mentioned a…
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….
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…
Google is now catching up! With Facebook recently investing $5.7 billion in Jio, Google’s now planning to invest in Vodafone Idea (India’s 2nd largest career) scooping up a 5% stake, reported by Financial Times.
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…
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…
This lockdown has made several changes in society and slowly Zoom became the go-to video conferencing platform for most. But, with an increase in the popularity and installs, several security loopholes were discovered in Zoom and this situation is getting worse day by day. Zoom addressed this issue and promised a 90-day plan to make…
On Monday, Uber said that it was closing down its Uber Eats operations in eight more markets as they did not offer a clearer route to top the list in food delivery operations, its stated aim for its Eats business. Uber also showed that the discontinued and transferred markets represented only 1% of Eats total…
According to the latest data from Canalys, the Indian smartphone market saw a new change as Vivo shipped more smartphones than Samsung in India for the first time ever in the last quarter. In this coronavirus pandemic, the Indian economy over the past couple of months saw a devastating impact on it except for India’s…
On Wednesday, Facebook announced an investment of USD 5.7 billion (Rs 43,574 crore) to buy a 10% stake in Jio. Facebook said in a statement, “Today we are announcing a USD 5.7 billion, or Rs 43,574 crore, investment in Jio Platforms Ltd, part of Reliance Industries Ltd, making Facebook its largest minority shareholder.” In a…