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Now Meta plans to lay off 'thousands' of employees this week: Report
Now Meta plans to lay off 'thousands' of employees this week: Report

San Francisco,  After mass layoffs at Twitter, it is another Big Tech company's turn as the Mark Zuckerberg-led Meta is reportedly set to lay off 'thousands' of employees this week.

The "large-scale" job cuts, to begin from Wednesday, could affect "thousands" of workers, a

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Reliance Industries ranked 20th in the world, highest among Indian companies in World's Best Employers rankings
Reliance Industries ranked 20th in the world, highest among Indian companies in World's Best Employers rankings

New Delhi,  Reliance Industries has been ranked highest amongst Indian companies in the list of Forbes World's Best Employers for 2022.

RIL is ranked 20th in the world and the highest among Indian companies ahead of HDFC Bank at 137.

Samsung was at the top spot in the ranking of World&

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Elon Musk announces permanent ban for impersonation on Twitter
Elon Musk announces permanent ban for impersonation on Twitter

San Francisco,  Elon Musk on Monday said that any Twitter account engaging in impersonation without clearly specifying "parody" on the handle will be permanently suspended.

In a series of tweets, the new Twitter CEO said that the platform will not even warn such users, like in the previous past

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Twitter delays launch of Blue subscription service after US midterms
Twitter delays launch of Blue subscription service after US midterms

San Francisco,  Twitter has delayed the roll out of its much-anticipated Blue subscription service with verification tag for $8 after the US midterm elections on Tuesday, the media reported.

The company "made the decision to move the launch of this release to November 9, after the election", ac

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upGrad to invest $30 mn to launch 10 global campuses next year
upGrad to invest $30 mn to launch 10 global campuses next year

New Delhi,  Higher education platform upGrad on Monday announced to invest $30 million and open 10 global campuses in the US, India and other regions next year.

Under a new brand name �UGDX', the company said it will open three campuses in the US (the San Francisco unit goes live in January), five

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'Banks increase deposit rates, risk premia on loans not factored in'
'Banks increase deposit rates, risk premia on loans not factored in'

Chennai,  Even as the commercial banks are increasing their interest rates on select deposits, the risk premia over their core funding cost are not factored in the credit risk, said a top economist of State Bank of India (SBI).

In a research report Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI

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IT Minister Ashwini Vaishnaw condemns Twitter layoffs in India
IT Minister Ashwini Vaishnaw condemns Twitter layoffs in India

New Delhi, Union IT Minister Ashwini Vaishnaw has criticised the decision by Elon Musk-run Twitter to sack its employees in India, saying that they should have been given a "fair time for transition".

Vaishnaw's reaction, first reported by Business Standard, came as Musk fired about half of Twit

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Videotex International begins manufacturing webOS Hub 2.0 in India
Videotex International begins manufacturing webOS Hub 2.0 in India

New Delhi,  Videotex International on Monday announced it has become the strategic original design manufacturer (ODM) partner of the webOS (operating system) Hub, with manufacturing webOS Hub 2.0 in the country.

Videotex has already onboarded over 15 leading smart TV brands, which includes Lloyd, BPL, Hy

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Foxconn woos fleeing workers with $70 subsidy after iPhone production hit
Foxconn woos fleeing workers with $70 subsidy after iPhone production hit

Hong Kong/San Francisco,  Apple iPhone supplier Foxconn has announced to give fleeing workers a $70 (nearly 500 yuan) subsidy after Apple warned of iPhone delays due to Covid-related exodus at the Zhengzhou factory in China, the media reported on Monday.

Foxconn called the 'care and love' subsidy

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Demonetisation was a colossal failure, says KTR
Demonetisation was a colossal failure, says KTR

Hyderabad,  Demonetisation was a colossal failure which crippled the growing Indian economy, Telangana Rashtra Samithi (TRS) working president K.T. Rama Rao said on Monday.

"What a colossal failure this Demonetisation was & let's not forget how it crippled the growing Indian economy," t

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