Thursday, November 28

News

Google’s CEO Sunder Pichai & Nasdaq Chairman to receive 2019 Global Leadership Award
5Jun By NitishNo Comments
News

Google’s CEO Sunder Pichai & Nasdaq Chairman to receive 2019 Global Leadership Award

Google's India-born CEO Sundar Pichai and Nasdaq president Adena Friedman have been chosen for the prestigious Global Leadership Awards 2019 by business advocacy group USIBC in recognition of the two companies' contribution as the leading technology-driven platforms. The award by Washington-based US-India Business Council (USIBC) would be conferred upon Indian-American Pichai, 46, and Friedman, 50, during the next week's 'India Ideas Summit'. Given annually since 2007, the USIBC Global Leadership Awards recognise top corporate executives from the United States  and India whose companies play a major role in catalysing growth in the US-India commercial corridor. With companies like Google and Nasdaq at the forefront, bilateral trade in goods and services has grown by nearly 150 per...
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Swiggy Launched App for homestyle meal Swiggy Daily
3Jun By AnkitaNo Comments
News

Swiggy Launched App for homestyle meal Swiggy Daily

India's Food ordering and delivery startup Swiggy launched 'Swiggy Daily', an app for everyday homestyle meals prepared by home chefs, tiffin service providers and organised vendors. Swiggy Daily will allow users to schedule their meals in advance or opt for a daily, weekly or monthly subscription, Swiggy said in a statement. Founded in 2014, Swiggy connects consumers to over 1,00,000 restaurant partners across over 175 cities. Commenting on the development, Swiggy CEO Sriharsha Majety said, with a mix of organised vendors and home chefs, Swiggy Daily will cater to the latent demand for homestyle meals that are an affordable, long-term solution for daily food needs. The service that has been launched in Gurugram will be expanded to Bengaluru and Mumbai in the coming months, th...
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Google drops Healofy app from Play Store
30May By AdityaNo Comments
News

Google drops Healofy app from Play Store

Bengaluru based Healofy app was removed by Google for violation of its developer policy. The exact violation of Play Store policy is not revealed by the company. The app of Healofy has now been unavailable for over 72 hours from Google Play store. Healofy is a social networking app focused on pregnancy and parenting had raised over $11 million from investors. Google in its response said any violation of its developer policies invites such action. But according to industry insiders like entrepreneurs and app developers, removing an app from play store is a very harsh step for policy violation.  “Our users are the core of our product and we take user privacy and data very seriously. We are working with Google, who have been very cooperative, towards reinstating the app on...
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30May By PriyankaNo Comments
News

Uber Riders Maybe Blocked from the app

Uber riders prone to rude behavior such as leaving trash or urging drivers to speed may be booted from the app under a policy change that took effect here Wednesday. Uber riders in the US and Canada who have been consistently rated poorly by drivers will soon begin getting notices that they are at risk of losing access to the service. The policy change was rolled out in Australia and New Zealand last year, and recently in India, according to Uber. It is to be expanded to other Uber markets, with timing to be determined. "Respect is a two-way street, and so is accountability," Uber head of safety brand and initiatives Kate Parker said in an online post. "While we expect only a small number of riders to ultimately be impacted by ratings-based deactivations, it's the right thing t...
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Uber First Employee Quits Company
27May By PriyankaNo Comments
News

Uber First Employee Quits Company

Uber first employee and the former CEO Ryan Graves resigned from the company’s board of directors, a regulatory filing by Uber said last week. Company’s independent chairperson of the board Ron Sugar wrote in the filing (see pic below) that Graves was key in shaping what Uber is today.  Uber's first employee resigned “While this is a bittersweet moment, we accept his personal decision that this is the right time for him to step down. Dara and I are grateful for his contributions to Uber’s success and wish him all the best going forward”, Sugar wrote. Ryan Graves was expected to receive $1 billion from the Uber IPO. Ryan Joined Uber in 2010 after Travis Kalanick CEO & Co-founder tweeted for hiring. Joined in 2010, Graves helped the company to launch its operation officia...
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TCS CEO’s Annual Pay Rises 28% in 2018
16May By PriyankaNo Comments
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TCS CEO’s Annual Pay Rises 28% in 2018

Tata Consultancy Services CEO Rajesh Gopinathan took home a pay package of over Rs 16 crore last fiscal, an increase of almost 28 percent compared to the previous year, the company's annual report showed. Gopinathan's compensation included Rs 1.15 crore in salary, Rs 1.26 crore in perquisites, Rs 13 crore in commission and over Rs 60 lakh in other allowances - all of which added to the remuneration of Rs 16.02 crore. In 2017-18, his compensation was Rs 12.49 crore. TCS chief operating officer N Ganapathy Subramaniam earned over Rs 11.61 crore in FY19 as compared to Rs 9.29 crore last fiscal. His pay package swelled 24.9 percent during the period. Ramakrishnan V, TCS' chief financial officer, took home a Rs 4.13 crore package in FY19. The Mumbai-based company said the average an...
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Walmart earnings jump 80 percent to USD 3.8 bn, US sales strong
16May By PriyankaNo Comments
News

Walmart earnings jump 80 percent to USD 3.8 bn, US sales strong

The US retail giant Walmart reported a jump in first-quarter earnings Thursday on higher US store sales and eCommerce growth following heavy investment in new "omnichannel" retail ventures. The world's biggest retailer reported profits of USD 3.8 billion. That's an increase of 80 percent from the year-ago period when results were dented by a one-time earnings hit following US tax reform. Shares rose in pre-market trading. манимен займ личный кабинетбезотказный займзайм на банковский счет без отказа займ до зарплаты северсквзять займ студентузайм киви без паспорта
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Facebook introduces “One strike” policy to stop misuse of Facebook live
15May By AnkitaNo Comments
News

Facebook introduces “One strike” policy to stop misuse of Facebook live

The social media giant Facebook introduces a new "One strike policy" for its users to tackle misuse of Live streaming services. An incident like terrorist attacks in New Zealand, which goes live on Facebook raises certain alarms about the misuse of Facebook Live.   Considering that, Facebook will block those users who have broken certain rules of Facebook Dangerous Organizations and Individuals policy. In its press release the social media company said, Today we are tightening the rules that apply specifically to Live. We will now apply a ‘one strike’ policy to Live in connection with a broader range of offenses. From now on, anyone who violates our most serious policies will be restricted from using Live for set periods of time – for example 30 days – starting on their first off...
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Ernst & Young probes Cashback fraud at Paytm Mall
14May By AdityaNo Comments
News

Ernst & Young probes Cashback fraud at Paytm Mall

E-commerce platform Paytm Mall has engaged consulting and audit major EY to investigate a cashback fraud involving some of its employees and merchants, according to sources. Some employees of the Alibaba-backed company allegedly worked with third-party vendors and created fake orders to siphon off cashback offers. According to sources close to the development, the investigation has been going on for almost a fortnight and some employees have also been fired. When contacted, Paytm Mall in an e-mailed statement said, under the partnership, EY will "undertake frequent audits to identify, analyse and monitor various in-built and outsourced processes". It will also recommend global practices that will be applied to build a tech-driven fraud prevention system. Admitting that its c...
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Mastercard Starts deleting Indian Users Data
13May By PriyankaNo Comments
News

Mastercard Starts deleting Indian Users Data

Global payments giant Mastercard has started to delete transactions data of Indian consumers from US-based servers, and saving the same in India, from this month and expects to complete the de-duplication exercise by this year-end, a top official said. The moves come in the backdrop of the regulator RBI asking such payment technology firms to comply with data localization norms which requires them to store transactions data of Indian customers within the boundaries of India. Mastercard, however, has already started saving data at servers in India from October last year which is duplicate data of that saved in the US. "From October 2018, the data has been residing in India, that is step one. The point of challenge is data to be only in India because it is not about putting just few...
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NCLT reserves order of Patanjali bid for Ruchi Soya, seeks funding details again
11May By AdityaNo Comments
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NCLT reserves order of Patanjali bid for Ruchi Soya, seeks funding details again

Mumbai: The National Company Law Tribunal (NCLT) reserved its order on the Rs 4,350-crore offer by Patanjali to take over the crippled edible oil firm Ruchi Soya and again sought clarity on Rs 600-crore of part-funding committed as internal accruals for the acquisition.  This is the second time that the tribunal has sought details of Rs 600 crore, and asked them to file written submission on the same.  The counsel for the Haridwar-headquartered Patanjali reiterated that Rs 600 crore of the Rs 4,350-crore fund will be met through internal accruals and offered to submit a written submission on the same.  The counsel for the Haridwar-headquartered Patanjali reiterated that Rs 600 crore of the Rs 4,350-crore fund will be met through internal accruals and offered to submit a written su...
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