Meta’s new short messaging platform Threads is aiming to take on Twitter. It saw 10 million sign ups within just seven hours of launch today.
Category: Corporate
Sensex, Nifty hit lifetime high levels, driven by fresh foreign fund inflows
“Investors are massively turning positive on risk assets, taking comfort from the recent fall in inflation, anticipating the end of the rate hike cycle,” said the head of a securities company.
Amazon, Google announce plans for USD 15 billion and USD 10 billion investments in India
Global E-commerce giant Amazon and internet search engine Google announced plans to invest USD 15 billion and USD 10 billion more respectively in India, their CEOs stated after meeting Indian Prime Minister Narendra Modi during his recent US visit.
US market regulator charges Amazon with duping customers into subscribing to Prime
The United States’ Federal Trade Commission (FTC) announced a lawsuit against Jeff Bezos’ Amazon for allegedly enrolling customers in its Prime subscription service “without their consent while knowingly making it difficult for consumers to cancel their subscriptions to Prime”.
Singapore hit by layoffs again as ride hailing and delivery app Grab cuts 1,000 jobs
All the layoffs would not be in Singapore, as Grab has a presence across Southeast Asia, including neighbouring Malaysia. Grab bought Uber operations in SE Asia in March 2018, but then cut 360 jobs in 2020.
Guest, staff member collude to run up INR 58 lakh bill at 5-star hotel; check out without payment
A five-star hotel in New Delhi’s Aerocity has alleged that one of its occupants skipped out on paying a massive bill after a long-term stay.
Would leave Europe if current form of regulation was adopted, says OpenAI CEO Sam Altman
OpenAI CEO and tech entrepreneur Sam Altman said yesterday that his firm would potentially exit Europe if the upcoming artificial intelligence (AI) regulations beingg drafted the European Union were adopted in their current form.
SGX, NSE to launch platform to trade Nifty products in GIFT City from July 3
The Singapore Exchange (SGX) and India’s National Stock Exchange (NSE) are set to launch the SGX NSE Connect at the Gujarat International Finance Tec-City (GIFT City) from July 3.
Google announces new policy to delete inactive accounts
Tech giant Google announced an update to its inactive account policies. An official statement read that it plans to delete accounts that have remained inactive for two years or more.
Indian-origin Dylan Jadeja set to be new CEO of Riot Games
Indian-origin executive A Dylan Jadeja has been appointed as the new CEO of Riot Games, the developer of smash-hit video games like ‘League of Legends’ and ‘Valorant’, the company announced.
