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ByteDance could lose $6 billion following recent TikTok ban in India

Published Date: 2020-07-03         Author: Pankaj Singh

The latest decision taken by the Government of India to ban 59 Chinese smartphone apps is trending worldwide, especially across China. As per a report by China’s Global Times, ByteDance, the parent firm of Helo and TikTok, is likely to incur a loss of about $6 billion after this imposed ban by... Read More

Discord gaming app to become a general-purpose communications platform

Published Date: 2020-07-02         Author: Saipriya Iyer

Discord application, which was originally launched with a focus on video games, has reportedly announced that it is planning to emerge into a more general-purpose communications platform. Jason Citron, the Founder and CEO of Discord, has stated that the company’s original branding did not s... Read More

Oyo suspends MGB contracts for property owners due to reduced revenues

Published Date: 2020-07-01         Author: Pankaj Singh

The adverse impact of COVID-19 pandemic is becoming more and more evident across the world. It is being speculated that  nothing of this magnitude has been observed for more than 100 years since the 1918 Spanish Flu pandemic. Till now, over ten million people have been infected in over 200 nati... Read More

Universal Studios postpones the opening of Nintendo-themed area

Published Date: 2020-06-30         Author: Pankaj Singh

The ongoing COVID-19 pandemic has claimed the lives of over half a million people and affected more than ten millions around the world. As the current situation is worsening, many world events as well as the opening of theme parks have been canceled or postponed in order to reduce the spread of the ... Read More

Amazon to offer 20,000 temporary or seasonal employment opportunities

Published Date: 2020-06-29         Author: Saipriya Iyer

Amazon has recently stated that it will offer nearly 20,000 temporary or seasonal employment opportunities in its CS (customer service) organization. This will enable the company to offer a seamless shopping experience for users in India and across the globe. These temporary job opportunities wer... Read More

Singtel & StarHub choose Ericsson & Nokia as 5G network providers

Published Date: 2020-06-26         Author: Saipriya Iyer

Telecommunication operators in Singapore have reportedly chosen Ericsson AB & Nokia Oyj as the main 5G network providers. This has led Huawei Technologies Co. to have less significant contracts in the region. Singapore Telecommunications Limited has chosen Ericsson as its main 5G provider, wh... Read More

Gojek lays off 9% workforce due to rising COVID-19 challenges

Published Date: 2020-06-25         Author: Saipriya Iyer

Gojek is reportedly laying off nearly 9% of its workforce, i.e. 430 employees due to the rising challenges posed by the coronavirus pandemic. The layoff plan will help the company prioritize on its core businesses of food delivery, transport, and payments. These three core services as well as the... Read More

CBA refuses to accept penalty claims after alleged 390,000 breaches

Published Date: 2020-06-24         Author: Pankaj Singh

Australian banking major Commonwealth Bank has reportedly refused that it is facing penalties that could expand into billions of dollars post accusation of 390,000 breaches through superannuation sales. The Australian Securities and Investments Commission has alleged that CBA had secured $22 million... Read More

London City Airport reopens as Britain plans to emerge from lockdown

Published Date: 2020-06-23         Author: Saipriya Iyer

London City Airport, an international airport in England, has recently reopened and approved the arrival of a small turboprop airplane from the Isle of Man. This happened in line with the country’s gradual emergence from the COVID-19 lockdown imposed in the region for nearly 3 months. Britain ... Read More

As Russians exit WA, BHP buys tenement package from Norilsk Nickel

Published Date: 2020-06-22         Author: Pankaj Singh

Melbourne based mining major BHP has reportedly announced that it has purchased a tenement package from Norilsk Nickel, a Russian company, thereby enhancing its nickel footprint in the Western Australian region. As per terms of the deal, BHP gains control over the Honeymoon Well project in addition ... Read More

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