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Microsoft makes Work from Home permanent for some Staff

13Oct By AdityaNo Comments

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Microsoft makes Work from Home permanent for some Staff

Houston, Oct 13th, 2020: Tech company Microsoft has decided to expand its work-from-home policy and make it permanent for some workers. The company has released the new "hybrid workplace" guidance that lays out how employees can have a more flexible remote work schedule and even relocate elsewhere in the country, while it continues to adjust to changing needs during the ongoing pandemic. Microsoft will allow employees to work from home freely for less than 50 per cent of their working week, and managers will be able to approve permanent remote work. "We will offer as much flexibility as possible to support individual work styles, while balancing business needs, and ensuring we live our culture," Kathleen Hogan, Microsoft''s chief people officer, said in a post on the official Mic...

Amazon Sends Legal Notice to Future Group over Asset Sale to Reliance Group

12Oct By PriyankaNo Comments

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Amazon Sends Legal Notice to Future Group over Asset Sale to Reliance Group

NEW DELHI, 12th October 2020: US based eCommerce giant Amazon sends a legal notice to Future Group, alleging that the retailer's $3.4 billion asset sale to Reliance Industries violated an agreement with the e-commerce giant. "We have initiated steps to enforce our contractual rights," a spokesperson for the Seattle-based e-commerce giant said. "As the matter is sub-judice, we can't provide details." In August 2019, Future Retail had informed stock exchanges that Amazon.Com NV Investment Holdings LLC would acquire 49 per cent stake in Future Coupons from their promoters, led by Kishore Biyani, for an undisclosed amount. At that time Future Coupons held 7.3 per cent stake in Future Retail. As part of the agreement, Amazon was also granted a call option, which allowed the US e-comme...

Paytm Launches its Own App Mini Store after Google Hit

5Oct By PriyankaNo Comments

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Paytm Launches its Own App Mini Store after Google Hit

New Delhi, 5th Oct 2020: India's leading payment app Paytm has launched its own mini-app store to support local app developers after Google ban its payment app without sending an official email to the company. Paytm being temporarily removed from Google’s Play Store on 18th September for violating developer guidelines. Also, Google proposes a 30% commission from the Indian app developers through its in-app billing system but facing backlash Google delays this decision to April 2022. Paytm in its official statement said, the mini-app store will help developers take their products to the masses and is providing listing and distribution of these mini-apps within its app. More than 300 apps, including Decathlon, Ola, Rapido, Netmeds, 1MG, Domino’s Pizza, FreshMenu, NoBroker, have joi...

Amazon Introduces Amazon One, a Contactless Payment via Palm

29Sep By PriyankaNo Comments

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Amazon Introduces Amazon One, a Contactless Payment via Palm

Seattle, 29th Sept 2020- US-based eCommerce platform Amazon Introduces Amazon One, a contactless way for people to use their palm to pay at the store, entering a location like a stadium, etc. Amazon said the service is designed to be highly secure and uses custom-built algorithms and hardware to create a person’s unique palm signature." Amazon will use this service in select Amazon Go stores, where Amazon One will be added to the store’s entry gate as a convenient choice for customers to use to enter the store to shop. In most retail environments, Amazon One could become an alternate payment or loyalty card option with a device at the checkout counter next to a traditional point of sale system. The process takes less than a minute to sign up at these Amazon Go stores using an...

Cambridge Analytica Boss Banned from Holding Company Directorships

26Sep By AdityaNo Comments

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Cambridge Analytica Boss Banned from Holding Company Directorships

LONDON, 26th Sept. 2020— The boss of Cambridge Analytica has been banned from holding company directorships for seven years effective from 5 October 2020 over a scandal on Facebook users’ private data theft. Britain’s Insolvency Service banned Alexander Nix from running companies after he permitted Cambridge Analytica’s parent firm, SCL Elections Ltd., and connected firms to “market themselves as offering potentially unethical services to prospective clients.” U.K.-based Cambridge Analytica was accused of playing a key role in the 2014 breach of 87 million Facebook users’ personal data. The company denied it used the data for Trump’s 2016 election campaign, but some former employees have disputed that. Facebook CEO Mark Zuckerberg has said that it was “entirely possible” the social ...

Nikola Founder Resigned Amid Allegations

21Sep By AdityaNo Comments

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Nikola Founder Resigned Amid Allegations

FRANKFURT, Germany (AP)— Shares in electric and hydrogen-powered truck startup Nikola plunged on Monday after the company's founder resigned amid allegations of fraud - just two weeks after signing a $2 billion partnership with General Motors. The company said late Sunday that Trevor Milton resigned and the departing executive chairman said he would defend himself against accusations that the company made false claims about its vehicles, allegations Nikola rejects. Milton said in a message to Nikola employees that he was stepping aside because “the focus should be on the company and its world-changing mission, not me.” Shares in the company based in Phoenix, Arizona, were off 30% in premarket trading. A report from Hindenburg Research from Sept. 10 said the company's success was ...

Reliance offer 40% stake in Reliance Retail to Amazon for $20 bn

10Sep By AdityaNo Comments

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Reliance offer 40% stake in Reliance Retail to Amazon for $20 bn

Mumbai, Sept. 10th, 2020: Reliance offered a 40 percent stake in its retail arm worth about USD 20 billion to Amazon. As per the sources "Amazon has held discussions about investing in the conglomerate's Reliance Retail Ventures Ltd unit and has expressed interest in negotiating a potential transaction."The deal size at USD 20 billion would be the biggest ever in India. Both Reliance and Amazon refused to comment on the report. "We would like to reiterate that as a policy, we do not comment on media speculation and rumors and we cannot confirm or deny any transaction which may or may not be in the works," Reliance said in an email response. A similar response was also sent to stock exchanges. "Our company evaluates various opportunities on an ongoing basis," it said. "We have ...

Walmart drone delivery testing in North Carolina city

9Sep By AdityaNo Comments

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Walmart drone delivery testing in North Carolina city

New York, Sept. 9, 2020: US-based retail stores Walmart said in its press release that they are testing on-demand drone delivery with Flytrex. The pilot program launched in Fayetteville, North Carolina, and focuses on delivering select grocery and household essential items from Walmart stores using Flytrex’s automated drones. Tom Ward, Senior Vice President, Customer Product, Walmart said, "From being an early pioneer of universal bar codes and electronic scanning cash registers to our work on autonomous vehicle delivery, we’re working to understand how these technologies can impact the future of our business and help us better serve our customers." Last week, Amazon won regulatory approval to deliver packages by drone, but the company said it was still testing the self-piloting ...

PUBG Corporation Cuts Ties With Tencent After India ban

8Sep By NitishNo Comments

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PUBG Corporation Cuts Ties With Tencent After India ban

New Delhi, 8th Sept 2020: After a recent move by the Indian government to ban 118 Chinese apps including the popular mobile game PUBG forced Korean company PUBG Corporation to cut ties with Chinese company Tencent for India's operation. In its press release, PUBG Corporation said, "it has made the decision to no longer authorize the PUBG MOBILE franchise to Tencent Games in India. Moving forward, PUBG Corporation will take on all publishing responsibilities within the country. As the company explores ways to provide its own PUBG experience for India in the near future, it is committed to doing so by sustaining a localized and healthy gameplay environment for its fans.We are actively monitoring the situation around the recent bans of PUBG MOBILE and PUBG MOBILE Lite in India and fully u...

Walmart+ – A Membership Program by Walmart Cost $98 a year

1Sep By AdityaNo Comments

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Walmart+ – A Membership Program by Walmart Cost $98 a year

BENTONVILLE, Ark., Sept. 1, 2020 — Retail store giant Walmart is launching a new membership program Walmart+ that brings together in-store and online benefits. Walmart+ uses the company’s unique assets to make life easier for busy families. Along with the power of its online presence, Walmart+ has the reach of more than 4,700 stores, including 2,700 stores that offer delivery as fast as same day. Members will receive unlimited free delivery from stores, fuel discounts and access to tools that make shopping faster for families. Membership will be available to all customers on Sept. 15. It will cost $98 a year or $12.95 a month and includes a 15-day free trial period. In the future, the company will leverage its wide-ranging strengths to add additional benefits for members in a v...

31Aug By AdityaNo Comments

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Pinterest Terminates Lease of New Office Space

SAN FRANCISCO, 31st Aug 2020-- Visual discovery platform Pinterest has terminated its lease for approximately 490,000 square feet of office space to be constructed near its current headquarters campus in San Francisco, California. Instead, the company’s present plan is to continue to lease its current buildings in downtown San Francisco and remain an active member of the local community. This action is intended to support a more diverse and geographically distributed workforce at Pinterest. "As we analyze how our workplace will change in a post-COVID world, we are specifically rethinking where future employees could be based," said Todd Morgenfeld, CFO and Head of Business Operations of Pinterest. "A more distributed workforce will give us the opportunity to hire people from a wider r...

Walmart joins Microsoft bid to acquire video app TikTok

28Aug By PriyankaNo Comments

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Walmart joins Microsoft bid to acquire video app TikTok

Washington, Aug 28, 2020: USA based world's largest retail store Walmart set to bid with Microsoft to acquire Chinese owned video app Tiktok. Walmart made a joint acquisition bid with Microsoft to acquire TikTok US business after the US President set the deadline to stop Tiktok operation in the USA. Microsoft provides cloud computing services that help run the retailer's stores and online shopping. The two companies signed a 5-year partnership in 2018, enabling them to join forces against a shared rival, online shopping giant Amazon. Walmart said in a statement that a deal with Microsoft and TikTok could help it expand its advertising business and reach more shoppers. TikTok has gained 100 million US users. But the White House is pushing TikTok's Chinese owner ByteDance to sel...