News | Pixr8 News

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

10Sep By AdityaNo Comments

News

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 m...

Walmart drone delivery testing in North Carolina city

9Sep By AdityaNo Comments

News

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 a...

PUBG Corporation Cuts Ties With Tencent After India ban

8Sep By NitishNo Comments

News

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 un...

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

1Sep By AdityaNo Comments

News

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 va...

31Aug By AdityaNo Comments

News

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 ra...

Walmart joins Microsoft bid to acquire video app TikTok

28Aug By PriyankaNo Comments

News

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 sell...

27Aug By NitishNo Comments

News

TikTok CEO resigns within 90 days

HongKong, Aug 27th, 2020: TikTok CEO Kevin Mayer resigned amid US pressure for its Chinese owner to sell the popular video app, which the White House says is a security risk. In a letter to employees, Mayer said that his decision to leave comes after the "political environment has sharply changed". His resignation follows President Donald Trump's order to ban TikTok unless its parent company, ByteDance, sells its US operations to an American company within 90 days. "I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for," he said in the letter. "Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that I wanted to let you all know that I have decide...

26Aug By AdityaNo Comments

News

Accenture Plan to Reduce 5% Workforce

New York, 26th Aug 2020: Thousands of roles at Accenture could be impacted as the global IT services company is looking to reduce at least 5 percent of its global workforce. Accenture has a global workforce of around 5.13 lakh people, in which about 2 lakh are from India. The workforce reduction might have an impact on its Indian operations. In a statement, Accenture said, "it was not planning extraordinary global workforce actions at this time but every year, as part of our performance process, we have conversations with our people about how they are performing, areas for improvement, their potential to progress, and whether they are a long term fit for Accenture." "This year, across all parts of our business and all career levels, we will identify approximately five percent of o...

24Aug By PriyankaNo Comments

News

NIIT Technologies Renamed itself, Now known as Coforge

NOIDA, India, Aug. 24, 2020-- NIIT Technologies, a leading global IT solutions and services organization has begun operating under a new name Coforge Limited. This renaming initiative reflects both the evolution of the company as well as its vision for the future. Launched in 1981, the firm has over the last three years charted a very high growth and change trajectory. A focus on very select industries, a detailed understanding of the underlying processes of those industries and partnerships with leading platforms provides Coforge with a distinct vantage. Coforge leverages AI, Cloud, and Insight-driven technologies, allied with industry expertise to transform client businesses into intelligent, high growth enterprises. The organization's 11,000+ Employees are the change drive...

18Aug By AdityaNo Comments

News

Apple Launched Music Radio Stations

CUPERTINO, Calif., 18th Aug 2020-- Apple launched two new live global radio offerings on Apple Music. The flagship global radio station renamed Apple Music 1, and two additional radio stations will launch known as Apple Music Hits (songs from the ’80s, ’90s, and 2000s), and Apple Music Country, spotlighting country music. Since Apple Music’s launch in 2015, Beats 1 has grown into one of the most-listened-to radio stations in the world, consistently delivering the best in-depth artist interviews, more global exclusives and premieres than anywhere else, and unique programming that produces culture-moving, news-making moments year after year. Throughout its evolution, Beats 1 has established an inherent camaraderie with the artist community and championed human curation and discovery a...

15Aug By NitishNo Comments

News, Web Story

Story 5

Hello

12Aug By AdityaNo Comments

News

BitTorrent Crosses 2 Billion downloads

SAN FRANCISCO, 12th Jul 2020-- BitTorrent, the leading company in peer-to-peer protocols and products, announced that it surpassed 2 billion installations of its popular torrent client software on Windows, Mac, and Android. The company, which offers products across two brands, BitTorrent and µTorrent, credits the milestone on the longstanding popularity of its Classic desktop torrent clients, as well as its new Web-based torrent downloader and player built for the streaming age. In celebration of the milestone, the company is offering 30% off all Windows Pro products for a limited time. "Almost two decades ago the dream of decentralized file transfer was brought into existence by BitTorrent, thus changing the world and positively impacting the lives of people everywhere,” said J...