Photo: BBC

Snapchat Intends To Lay Off Employees

The Verge reported on August 8 that Snap is in the early stages of contemplating layoffs. The extent of job losses is presently unknown because managers are still preparing it for their teams. Snapchat employs around 6,000 people. The news comes as technology corporations, cryptocurrency exchanges, and banking… read-more

Tue, 09 Aug 2022 - 11:45 AM / by Vidhi Jhunjhunwala

Tags: Social Media, Snapchat, Lay Offs, employees, Tech-Gaint

Courtesy: Gadgets 360


Photo: Alibaba Group

Alibaba Laid Off Roughly 10,000 Workers As Part Of Cost-Cutting Initiatives

Alibaba, Chinese technology corporation, has laid off around 10,000 workers as part of cost-cutting efforts in the face of a weakening economy. The layoffs came as Alibaba announced a 50% decline in net profits in the June quarter, to 22.74 billion yuan. In other developments, Alibaba Chairman and CEO Daniel Zhang Yong stated that the internet business wants to hire 6,000 new university graduates by the end of the year.

Mon, 08 Aug 2022 - 08:45 PM / by Vidhi Jhunjhunwala

Tags: Alibaba, employees, fired, Tech-Gaint, Chinese Firms

Courtesy: India Today

Realme To Set A Goal For Selling 30 Million Smartphones In 2021

Photo: Quartz

Realme India Extrapolates To Sell 30 Million Smartphones In 2021

Chinese smartphone brand Realme has planned to increase its 2021 sale by 30% by selling 25-30 million units in India. Realme India CEO Madhav Sheth said that despite losing over a quarter of their 2020 sales, the company had managed a 25% rise in sales. Madhav stated the opportunity of increased replacement due to rough use during the pandemic would help them reach the target while aiming at under Rs 15,000 smartphones.

Sun, 03 Jan 2021 - 07:37 PM / by Archita chakraborty

Tags: Realme, Smartphones, business, China, Tech-Gaint

Courtesy: Livemint

China Launches Investigation Into Jack MA's Alibaba Group

Photo: The Japan Time

Chinese Financial Regulators Launch Probe Into Alibaba Group

China's State Administration for Market Regulation has declared that an anti-monopoly investigation had been launched against the tech-giant Alibaba Group. The Chinese regulators have earlier warned the group for forcing their merchants to sign deals promising not to offer their products on rival platforms. Previously in November, the authorities have blocked the stock market listing of Alibaba's associate Ant Group, which would have been the… read-more

Thu, 24 Dec 2020 - 04:10 PM / by Archita chakraborty

Tags: China, E-commerce, Tech-Gaint, entrepreneur

Courtesy: BBC News


Photo: India TV

Twitter To Curb Misinformation By Warning Users Before Liking Flagged Tweet

Twitter will now be warning its users before they like a labeled tweet, which may contain information that can be misleading. Twitter had already implemented a similar warning system during the US Presidential Election that resulted in a 29% decline in spread of misleading tweets. Reportedly, the function will initially be available for iOS and web users only, while for Android users, it will be rolled out in coming weeks.

Wed, 25 Nov 2020 - 05:11 PM / by Richa Nigam

Tags: Twitter, Technology, Tech-Gaint, iOS

Courtesy: Indian Express

 India to launch a deep ocean mission

Photo : The Weather Channel

India To Dive Deeper Into Ocean For Exploring Underwater Resources

The Ministry of Earth Sciences secretary M Rajeevan said that India was likely to launch a "Deep Ocean Mission" in the next 3-4 months to explore the possibilities of underwater resources. The official informed that the required permissions were secured for the mission. With an estimated cost of over Rs 4,000 crore, the "futuristic and game-changing” mission aims to strengthen India's presence in the Indian Ocean.

Sun, 22 Nov 2020 - 07:15 PM / by Richa Nigam

Tags: Technology, India, ISRO, Tech-Gaint

Courtesy: Financial Express

Flipkart Eyes Overseas IPO Listing As Early As 2021

Photo: CNBC TV

Flipkart Plans to List its Overseas IPO As Early As 2021

E-commerce firm Flipkart is eyeing for an initial public offerings in the US and Singapore as early as 2021. The offering could value the firm up to $50 billion (roughly Rs. 3,68,512 crores), sources familiar with the company's plans told Reuters. Reportedly, Flipkart's current market value stands at $25 billion. However, the Bengaluru-based firm has not responded on the information being surfaced yet.

Thu, 17 Sep 2020 - 11:38 AM / by Anjali Bharti

Tags: Technology, Walmart, Tech-Gaint, Flipkart

Courtesy: ET Tech

Representative image

Photo : INC42

In 'Series A1', Foxy's Parent Company EkAnek Networks Raises Rs 40 Crore

EkAnek Networks, parent company of Foxy, announced it has raised Rs 40 crore in its 'Series A1' investment round. The funding round was led by Alpha Wave Incubation (AWI) with existing investors - Matrix Partners India, Sequoia Capital India, and Lightspeed India - also taking part. Navroz Udwadia, co-founder of Falcon Edge Capital, said, “Foxy will offer mobile-first consumers a differentiated approach to supply, curation, and fulfillment of… read-more

Wed, 16 Sep 2020 - 12:09 AM / by Anjali Bharti

Tags: Technology, Investment, Tech Industry, Tech-Gaint

Courtesy: ET tech