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Facebook launches fund to support human rights activists. Another hogwash?

17 Mar 2021

Facebook launches fund to support human rights activists. Another hogwash?

Facebook has been indirectly instrumental in serious human rights abuses across the world. The company has now responded by pledging to publicly share annual report focusing on human rights.

PhonePe emerges as India's leading UPI app

16 Mar 2021

PhonePe emerges as India's leading UPI app

Walmart-owned UPI app PhonePe processed 975.53 million transactions amounting to Rs. 1,89,517 crore in February alone. This makes it the country's most popular UPI app, with Google Pay coming in at second place, and Paytm a distant third.

Fintech start-up CRED raising $200 million at $2 billion valuation

16 Mar 2021

Fintech start-up CRED raising $200 million at $2 billion valuation

Bengaluru's two-year-old fintech start-up CRED is in advanced stages of talks to raise around $200 million. This will reportedly increase the company's valuation to about $2 billion.

OZiva signs Deepika Padukone as brand ambassador

15 Mar 2021

OZiva signs Deepika Padukone as brand ambassador

Bollywood actor Deepika Padukone, 35, has been signed on as the brand ambassador for the plant-based nutrition brand OZiva.

Judge rules Google must face $5 billion incognito mode lawsuit

15 Mar 2021

Judge rules Google must face $5 billion incognito mode lawsuit

In June 2020, Google was slapped with a $5 billion lawsuit for allegedly tracking users activity in the Chrome browser's incognito mode.

Two-day bank strike from today: These services would be affected

15 Mar 2021

Two-day bank strike from today: These services would be affected

Several key banking services across India would be affected on March 15 (today) and March 16 (tomorrow) as the United Forum of Bank Unions (UFBU)—an umbrella body of nine bank unions—has given a call for a two-day nationwide strike.

Uber, Lyft join hands to compile database of violent drivers

12 Mar 2021

Uber, Lyft join hands to compile database of violent drivers

Rival ride hailing services Uber and Lyft have teamed up to create a database of drivers who've been accused of sexual assault and other crimes.

Sensex rallies over 500 points in early trade

12 Mar 2021

Sensex rallies over 500 points in early trade

Equity benchmark Sensex rallied over 500 points in opening trade on Friday, buoyed by gains in financial and IT stocks amid positive global cues.

Non-US YouTube creators will have to pay US taxes

11 Mar 2021

Non-US YouTube creators will have to pay US taxes

YouTube creators outside of US, including those in India, will soon find themselves paying taxes to Uncle Sam.

Roblox goes public; Stocks soar 54 percent on first day

11 Mar 2021

Roblox goes public; Stocks soar 54 percent on first day

The meteoric rise of online gaming platform and game creation system Roblox shows no signs of abating. The company went public on Wednesday at a reference price of $45, which valued it at $45 billion.

Infosys: Top brands could lose $223 billion to data breaches

10 Mar 2021

Infosys: Top brands could lose $223 billion to data breaches

In a report that studies the link between cybersecurity and its impact on brand value, Infosys and Interbrand said that the world's top 100 brands stand to lose $223 billion in the event of a data breach.

Dropbox planning to acquire document-tracking service DocSend for $165 million

10 Mar 2021

Dropbox planning to acquire document-tracking service DocSend for $165 million

US file hosting service Dropbox announced that it plans to acquire DocSend for $165 million. The latter's services allow people to share files via secure links instead of attachments.

Sensex surges over 300 points in early trade

10 Mar 2021

Sensex surges over 300 points in early trade

Equity benchmark Sensex jumped over 300 points in opening trade on Wednesday tracking gains in index majors Infosys, HDFC, and Reliance Industries amid positive cues from global markets and fresh foreign fund inflow.

Apple to soon start iPhone 12's production in India

09 Mar 2021

Apple to soon start iPhone 12's production in India

Apple will soon start manufacturing its flagship iPhone 12 model in India for the local customers, the company said, giving a big boost to the government's 'Make in India' initiative.

Ola's factory will produce an electric scooter every two seconds

09 Mar 2021

Ola's factory will produce an electric scooter every two seconds

Not long after Ola Electric showed off teaser photos of its upcoming electric scooter, we have a glimpse of its massive electric vehicle factory. The manufacturing facility dedicated for electric vehicles is spread across 500 acres in the Krishnagiri district of Tamil Nadu.

Sensex rallies over 500 points in early trade

09 Mar 2021

Sensex rallies over 500 points in early trade

Equity benchmark Sensex surged over 500 points in opening trade on Tuesday tracking gains in index majors HDFC twins, ICICI Bank and Reliance Industries amid mixed cues from global markets.

Amazon India's 'Local Shops' program racks up 50,000 offline retailers

08 Mar 2021

Amazon India's 'Local Shops' program racks up 50,000 offline retailers

E-commerce giant Amazon said that more than 50,000 offline stores and neighborhood kirana shops across 450 cities in the country are now a part of its 'Local Shops' program.

Daimler Truck AG and Volvo Group create fuel-cell joint venture

08 Mar 2021

Daimler Truck AG and Volvo Group create fuel-cell joint venture

Daimler Truck AG and Volvo Group have formalized the transaction to form a fuel-cell joint venture (JV).

Muthoot Finance shares drop to two-month low after chairperson's death

08 Mar 2021

Muthoot Finance shares drop to two-month low after chairperson's death

Shares of Muthoot Finance, a non-banking financial corporation, fell to its lowest in nearly two months on Monday after the death of its chairperson, MG George Muthoot.

Flipkart kicks off 'Smartphone Carnival' sale: Check best deals

08 Mar 2021

Flipkart kicks off 'Smartphone Carnival' sale: Check best deals

Flipkart has kicked off its 'Smartphone Carnival' sale today with attractive discounts available on a wide range of mobiles.

Reddit hires former Snap executive Drew Vollero as first CFO

08 Mar 2021

Reddit hires former Snap executive Drew Vollero as first CFO

Reddit, the internet discussion platform riding high on unprecedented growth, has roped in former Snap Inc. executive Drew Vollero as its first Chief Financial Officer (CFO).

How is Ashutosh Kumar improving Indian ed-tech space with Testbook.com

05 Mar 2021

How is Ashutosh Kumar improving Indian ed-tech space with Testbook.com

Ashutosh Kumar is the CEO and co-founder of Testbook.com, a Mumbai-based Education Technology (ed-tech) start-up. The platform claims it has seven million monthly active users and attracts around 900,000 new users each month.

Reliance to bear COVID-19 vaccination costs for employees, their families

05 Mar 2021

Reliance to bear COVID-19 vaccination costs for employees, their families

Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) will bear the full cost of vaccinating its employees and the members of their immediate family, reportedly totaling an estimated 12.2 lakh, the company said in an internal communication.

Sensex slumps over 440 points in early trade

05 Mar 2021

Sensex slumps over 440 points in early trade

The BSE benchmark Sensex tumbled over 440 points and the NSE Nifty cracked below the key 15,000-level in early trade on Friday in line with a slump in other Asian markets as US bond market turmoil continued to fan investor worries globally.

#FundingAlert: Bijnis receives secondary round of funding from prominent investors

04 Mar 2021

#FundingAlert: Bijnis receives secondary round of funding from prominent investors

B2B startup Bijnis on Thursday announced that it had concluded a secondary funding round raising an undisclosed amount. The deal saw shares owned by early investors sold to industry stalwarts Deepinder Goyal, Asish Mohapatra, Sarvbir Singh, and Manish Vij.

EPFO retains 8.5% interest rate on PF deposits

04 Mar 2021

EPFO retains 8.5% interest rate on PF deposits

The Employees' Provident Fund Organisation will maintain the interest rates on provident fund deposits at 8.5% for the financial year 2020-21, the same as the previous fiscal.

EPFO subscribers may face restrictions on early pension withdrawal: Report

03 Mar 2021

EPFO subscribers may face restrictions on early pension withdrawal: Report

The Employees' Provident Fund Organisation (EPFO) has reportedly proposed restrictions on the early withdrawal of pension contributions by formal sector workers.

Gadkari assures Tesla of lower cost of manufacturing than China

03 Mar 2021

Gadkari assures Tesla of lower cost of manufacturing than China

Union Minister of Road Transport and Highways, Nitin Gadkari has said that India is ready to offer incentives to US automaker Tesla to ensure that its production cost here is cheaper than China.

Employee sues Amazon for racial, gender discrimination in corporate hiring

03 Mar 2021

Employee sues Amazon for racial, gender discrimination in corporate hiring

Amazon.com Inc has been sued for "systemic" discrimination against Black and female workers, especially for corporate roles. The lawsuit filed in federal court by Charlotte Newman alleges that Amazon hires Black people for lower positions and promotes them slower than White workers with similar qualifications.

Elon Musk tops Hurun Global Rich List, Ambani ranked eighth

02 Mar 2021

Elon Musk tops Hurun Global Rich List, Ambani ranked eighth

In the Hurun Global Rich List published on Tuesday, Mukesh Ambani ranked eighth, while Tesla CEO Elon Musk is on the top. The list ranked 3,228 billionaires from 68 countries.

Sensex spurts 447 points to reclaim the 50,000 mark

02 Mar 2021

Sensex spurts 447 points to reclaim the 50,000 mark

The BSE Sensex zoomed 447 points to settle above the psychological 50,000 mark on Tuesday, buoyed by hectic buying in auto, banking and IT counters amid positive domestic and global cues.

#DealOfTheDay: Samsung Galaxy F62 available with cashback worth Rs. 2,500

02 Mar 2021

#DealOfTheDay: Samsung Galaxy F62 available with cashback worth Rs. 2,500

If you are planning to buy a latest mid-range smartphone, this might be a good deal for you. Flipkart is offering the Samsung Galaxy F62 model with Rs. 2,500 instant cashback on transactions via ICICI Bank Credit and Debit cards.

AstraZeneca has sold its stake in Moderna for $1 billion

01 Mar 2021

AstraZeneca has sold its stake in Moderna for $1 billion

British pharmaceutical company AstraZeneca Plc has sold its 7.7 percent stake in Moderna Inc., the American pharmaceutical giant, for more than $1 billion, according to a report in The Times.

India exits recession, GDP grows 0.4% for Q3 2020-21

26 Feb 2021

India exits recession, GDP grows 0.4% for Q3 2020-21

India's economy grew by 0.4% in the third quarter of the financial year 2020-21, government data released on Friday showed.

Facebook-Apple spat escalates: Facebook launches PR campaign defending targeted advertising

26 Feb 2021

Facebook-Apple spat escalates: Facebook launches PR campaign defending targeted advertising

On Thursday, social media giant Facebook launched a campaign called "Good Ideas Deserve To Be Found" attempting to explain to users how small businesses rely on targeted advertising. Facebook will air commercials on radio and on TV, including during the Golden Globe Awards on Sunday.

Sensex ends 1,939 points lower; NIFTY below 14,600

26 Feb 2021

Sensex ends 1,939 points lower; NIFTY below 14,600

Domestic equity markets witnessed a strong downward trend on Friday, mirroring losses in other global markets.

Xiaomi ramps up local production of smartphones and smart TVs

26 Feb 2021

Xiaomi ramps up local production of smartphones and smart TVs

In a virtual briefing on Thursday, Chinese conglomerate Xiaomi announced that it is expanding manufacturing for smartphones and smart TVs in India.

SEBI says measures will be taken to rectify NSE glitch

26 Feb 2021

SEBI says measures will be taken to rectify NSE glitch

On Thursday, the Securities and Exchange Board of India (SEBI) said it will take necessary steps to rectify the causes for the four-hour long interruption in trading on the National Stock Exchange (NSE) on Wednesday.

Sensex tanks over 1,000 points in opening trade

26 Feb 2021

Sensex tanks over 1,000 points in opening trade

Equity benchmark Sensex tanked over 1,000 points in the opening session on Friday tracking losses in index majors ICICI Bank, HDFC twins, and Reliance Industries amid a negative trend in global markets.

Government releases rules for social media, OTT platforms; details here

25 Feb 2021

Government releases rules for social media, OTT platforms; details here

The Centre on Thursday released a set of new guidelines to regulate digital content.