About Author
Pankaj Singh
Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605
Contribution by Pankaj Singh
Southwest Airline CEO Announces Pay Cuts to Avoid Layoffs Through 2021
Gary Kelly, the CEO of Southwest Airlines, stated that if union workers agree to pay cuts, the enterprise can avoid layoffs and furloughs at least through 2021. Kelly warned the airlines could be enforced to follow rivals and lay off numerous employees due to the crisis caused by the coronavirus ... Read More
The U.S. Takes Stake in TechMet; Undercuts Dependence on China
The U.S. government acquires an equity stake in TechMet Ltd., a battery-metals company. This move risks the dependence on China for a primary material used in electric vehicles. The Dublin-based company confirmed that the U.S. International Development Finance Corporation (DFC) has invested $25 m... Read More
TCS board plans to convene to consider a new share buyback program
The board of Tata Consultancy Services (TCS), a leading Information technology consulting firm based out of India, is reportedly planning to convene later this week to consider a new share buyback program to buy equity shares of the firm. The meeting is scheduled to be held on the 7th of October 202... Read More
Tata Group in talks with several investors for its new digital platform
The group is reportedly planning to consolidate its wide array of digital assets in an all-in-one e-commerce platform. New investors might also help Tata cut its debt following the shutdown of its operations amidst COVID-19 pandemic. Indian multinational conglomerate Tata Group h... Read More
Japanese chipmaker Kioxia plans to delay the release of its IPO
Kioxia Holdings, the world's second-biggest producer of NAND flash memory chips, has decided to postpone its plans of releasing an initial public offering (IPO) amidst the ongoing US-China trade war. Reportedly, stricter U.S. restrictions on Kioxia’s prominent client, Huawei Technologies, ... Read More
Vodafone Idea starts upgrading its 3G users to 4G in key markets
Vodafone Idea Limited has reportedly begun upgrading its 3G subscribers to 4G in its crucial markets. The company has also announced its best position to proceed with the upgradation of its 2G users to 4G but will continue with the delivery of basic voice based services to its 2G customers, added so... Read More
UK Introduces a Task Force to Find Huawei's Replacement in 5G Networks
The British administration is introducing a new telecom task force to search for a supplier who will be capable of filling the gap created in the UK's 5G infrastructure by the ban on Huawei's equipment. By the end of 2020, UK’s mobile networks will be prohibited from buying a 5G kit... Read More
Whitbread to lay off 6,000 employees amid declining hotel demand
British multinational hotel and restaurant giant Whitbread plc has reportedly warned over 6,000 of its employees that they may lose their jobs in the coming months. As per the credible sources, the company blames the imposition of lockdown amidst the COVID-19 pandemic, which has caused reducti... Read More
Pandora’s Shares Rises to 64% - Tops World's Best-Performing Market
Shares of Pandora, a Danish jewelry maker and retailer have jumped to 64% this year, leading the OMX Copenhagen 20 and 25, which heads country indexes worldwide during this time. The advance derives as short interest in the stock, which was the most aimed in the Stoxx 600 Personal & Household... Read More
President Trump questions ByteDance's move to retain majority stake
The American President Donald Trump has reportedly raised questions about plans by ByteDance Limited to keep most of the stakes in US operations of popular short video platform TikTok after six Republican senators requested him to reject the deal. Mr. President said that he would be informed on T... Read More