Google has reportedly fired more than 20 employees who were protesting against the company’s cloud computing project with the Israeli government. This comes after 28 employees were fired last week for participating in sit-in protests. The total number of employees fired for staging protests has now reached almost 50. Google CEO Sundar Pichai warned employees that while debate and discussions are encouraged, there are limitations and disruptive behavior will not be tolerated. You Can Read Full News By Clicking On Below Link.
read more at Hindustan Times
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A job-seeker in the US received a rude rejection email with just the word “Declined” from a non-profit organization. The company later apologized, blaming a system error. The email had no greetings or explanation for the rejection. Users criticized the company for being unprofessional, and the company admitted the mistake and promised to fix the issue. The job-seeker shared the incident…
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Vishal Mega Mart, a supermarket chain, has chosen Kotak Mahindra Bank and ICICI Bank to help with its planned IPO. The IPO is expected to take place in the fourth quarter of this year and could raise between $850 million to $1 billion. The company is owned by Partners Group Holding AG and Kedaara Capital, who plan to reduce their stakes through the IPO. You Can Read Full News By Clicking On Below…
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Vistara has decided to reduce its operations by 10%. How does this affect the passengers?
April 8, 2024 6:57 amVistara, the airline set to merge with Air India, is scaling back its operations by 10% due to complaints of delays and cancellations. This will create a buffer in the rosters, but passengers are concerned about the airline’s lack of confidence in stable operations. The airline had recently expanded its flights, but the sudden increase was not well planned. Passengers should be cautious when…
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The Motorola Edge 50 Pro is a great combination of style, practicality, and affordability.
April 8, 2024 5:55 amMotorola has launched the Edge 50 Pro smartphone in India, aiming to make a mark in the country’s smartphone market. Priced in the mid-range category, the phone offers flagship-like features and performance. It comes in two variants with different storage options and chargers. The Edge 50 Pro performs well in multitasking and gaming, although it may take slightly longer for data-intensive tasks…
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Sam Bankman-Fried has experienced a complete downfall.
April 8, 2024 5:53 amSam Bankman-Fried, the founder of FTX, a cryptocurrency exchange, has been found guilty of financial fraud. The jury took only four hours to deliberate on the complicated charges, including defrauding customers and lenders, conspiring to commit securities fraud, commodities fraud, and money laundering. After 15 days of testimony, he was convicted on all counts. He could be sentenced to a maximum of…
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Tata Group is launching three mutual fund schemes this week, including index funds and a thematic fund. The schemes include Tata Nifty Auto Index Fund, Tata Nifty Realty Index Fund, and Tata Nifty Financial Services Fund. They will open for subscription on April 8. Bandhan Mutual Fund is also launching a new fund on April 10. The minimum application amounts for these schemes range from ₹1,000 to ₹5,000…
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Several Brokerage firms have initiated coverage on stocks ahead of Q4 results. Aditya Birla Capital, Jindal Steel & Power, DMart, DOMS Industries, and India Shelter are among the stocks being covered. The brokerages have set target prices with an upside of up to 17%. Macquarie initiated coverage on Aditya Birla Capital with an ‘Outperform’ rating, CLSA initiated coverage on DMart with…
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The Income Tax department has enabled the facility for income tax return filing on its website. Taxpayers are confused about whether to use the Old tax regime or the new tax regime. The new regime offers reduced tax rates but does not allow for certain deductions available in the old regime. The standard deduction is Rs. 50,000 for both regimes. The income tax slabs vary based on income brackets…
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K2 Infragen, an engineering and construction company, had a successful listing on the NSE SME platform. Its share price opened at Rs. 167 and increased by 40.34%. The IPO subscription was oversubscribed by 51.47 times. The company plans to use the funds raised to support its operations, expand infrastructure, and accelerate expansion plans in India. K2 Infragen has seen significant growth in profit…
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Air conditioner maker Voltas has reported a 35% increase in sales, selling over two million units in FY24. This makes Voltas the first company in India to achieve this milestone. The growth is attributed to high demand for cooling products and a strong distribution network. As a result, Voltas AC share price rose by 10% and reached a 52-week high. You Can Read Full News By Clicking On Below Link.
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Three initial public offerings (IPOs) will be launched on the stock market next week. Teerth Gopicon, DCG Cables and Wires, and Greenhitech Ventures are the companies offering shares to raise funds. Additionally, the Bharti Hexacom IPO will be listed on the stock exchanges. Other IPOs, including Aluwind Architectural and Creative Graphics Solutions India, will also be listed next week. The allotment…
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Macrotech Developers reduced its debt by 55% to ₹3,010 crore in the March quarter.
April 7, 2024 11:33 amIndian real estate firm Macrotech Developers, known for its Lodha brand, has reduced its net debt by 55% in the fourth quarter of the last fiscal year to ₹3,010 crore ($404 million). The company achieved this through internal accruals and equity fundraising. Macrotech Developers raised ₹3,300 crore ($444 million) last month through a qualified institutional placement, attracting investors such as…
...Read MoreThe Income Tax department has enabled the facility for filing income tax returns on its website. Taxpayers are confused about whether to use the Old tax regime or the new tax regime. The new regime offers reduced tax rates but does not allow for certain deductions available in the old regime. The standard deduction is Rs. 50,000 for both regimes. The income tax slabs vary based on income brackets…
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Amazon has launched its online marketplace called ‘Bazaar’ in India. The platform offers affordable fashion and home products, including clothing, accessories, and kitchenware. Delivery estimates for Amazon Prime subscribers are around 4-5 days. Bazaar is currently available on Amazon’s Android app in India and will be prominently featured for select users. This move puts Amazon…
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Elon Musk’s AI firm, xAI, is in talks to raise $3 billion, which could value the company at $18 billion. Potential investors include venture capital firm Gigafund and Steve Jurvetson. The fundraising terms are not finalized yet. xAI was created as an alternative to Microsoft-backed OpenAI. In other news, Elon Musk has fallen behind Mark Zuckerberg in the Bloomberg Billionaires Index, now ranking…
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Vistara has apologized for flight delays and cancellations, stating that they are deeply concerned about the inconvenience caused to customers. The airline’s CEO, Vinod Kannan, explained that the disruptions were due to multiple factors and that they are hiring more pilots and scaling back operations to address the issue. vistara is also offering refunds and compensation to affected customers…
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Who is Srinivas Pallia, the new CEO of Wipro after Thierry Delaporte stepped down?
April 6, 2024 1:01 pmWipro, an Indian multinational corporation, announced the resignation of its CEO and MD, Thierry Delaporte. Srinivas Pallia, a current executive board member, will take over as the new CEO and MD. Pallia has been with wipro since 1992 and has held various leadership roles. He is known for his contributions to the company’s growth and has been recognized as one of India’s top young business…
...Read MoreWipro CEO Thierry Delaporte has resigned and will leave the company on May 31, 2024. Srinivas Pallia, currently the CEO for the company’s Americas 1 area, will take over as the new CEO and Managing Director from April 7. Delaporte was appointed as CEO in July 2020 and was the highest paid CEO in the Indian IT sector. Wipro has recently seen several high-profile exits, and the company’s…
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Mark Zuckerberg has surpassed elon musk to become the third-richest person in the world. This is the first time since 2020 that they have held these positions. Musk’s wealth has decreased by $48.4 billion this year, while Zuckerberg’s fortune has increased by $58.9 billion. The reversal in their wealth gap shows how electric vehicle stocks have been overshadowed by big tech, particularly…
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Outgoing boeing ceo david calhoun has declined to receive an annual bonus following a near-catastrophic incident involving a Boeing 737 Max 9 aircraft operated by Alaska Airlines. Calhoun would have received a potential $2.8 million bonus in addition to his $32.8 million salary for 2023. The decision was made in response to the incident and Calhoun’s commitment to transparency and accountability…
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