• Tesla in talks to set up research centre in Bengaluru: Reports

    Tesla in talks to set up research centre in Bengaluru: Reports
    Published Date : 21-Sep-2020 3:47:45IST

    Elon Musk-owned American electric vehicle company Tesla reportedly held initial talks with Karnataka government officials to discuss setting up a research facility in Bengaluru. State officials are now expected to present a detailed proposal to Tesla executives later this month, as per reports. Musk in July had said that Tesla cars will be available in India by 2020.

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  • World’s biggest furniture brand IKEA to set up global office in B’luru

    World’s biggest furniture brand IKEA to set up global office in B’luru
    Published Date : 18-Sep-2020 3:31:11IST

    The world’s biggest furniture brand IKEA said it will open a new global office in Bengaluru that will focus on global business operations, digital technologies and innovation. IKEA currently has such facilities in Poznan (Poland), Shanghai (China) and Baltimore (US). India’s large talent pool is one of the key reasons behind selecting the location, the Swedish furniture giant said.

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  • Bill Gates Sr, father of Microsoft co-founder, dies at 94

    Bill Gates Sr, father of Microsoft co-founder, dies at 94
    Published Date : 16-Sep-2020 11:08:47IST

    Bill Gates Sr., a lawyer and the father of Microsoft Co-Founder Bill Gates, died on Monday from Alzheimer’s disease at the age of 94. He helped his son establish what became the Bill & Melinda Gates Foundation. “My dad was the ‘real’ Bill Gates. He was everything I try to be and I’ll miss him every day,” Bill Gates wrote.

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  • TCS becomes 2nd Indian company to cross Rs 9 lakh-crore in market valuation

    TCS becomes 2nd Indian company to cross Rs 9 lakh-crore in market valuation
    Published Date : 14-Sep-2020 3:40:07IST

    Tata Consultancy Services (TCS) on Monday became the second Indian company after Reliance Industries to attain a market valuation of over ₹9 lakh crore. The company’s market valuation went past the ₹9 lakh crore-mark in early trade helped by a rally in its share price. TCS is also the first Indian IT company to cross ₹9 lakh crore in m-cap.

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  • Reliance becomes 1st Indian firm to cross $200 bn in market value

    Reliance becomes 1st Indian firm to cross $200 bn in market value
    Published Date : 10-Sep-2020 3:54:20IST

    Asia’s richest man Mukesh Ambani’s Reliance Industries on Thursday became the first listed Indian company to cross $200 billion in market capitalisation. Shares of the oil-to-telecom conglomerate surged over 8% to a record high after Bloomberg reported that it’s offering to sell a $20 billion stake in Reliance Retail to Amazon. India’s second-most valuable company TCS is worth $119 billion.

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  • Apple creates its own face masks for company’s employees

    Apple creates its own face masks for company’s employees
    Published Date : 10-Sep-2020 3:52:49IST

    Apple’s Engineering and Industrial Design teams, that work on iPhones and iPads, have designed a special face mask for Apple employees. The three-layered Apple Face Mask has large coverings on nose and chin areas, has adjustable straps, and can be washed and reused as many as five times. The other mask, called ClearMask, was sourced from elsewhere by Apple.

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  • More Indians in Singapore returning home due to job losses: Envoy

    More Indians in Singapore returning home due to job losses: Envoy
    Published Date : 10-Sep-2020 12:43:59IST

    More and more Indian workers are returning home as Singapore businesses cut down on workforce following the impact of the coronavirus pandemic, Indian High Commissioner P Kumaran has said. “On an average, about 100 Indian nationals in Singapore continue to register daily with the High Commission here for flights back home, with over 11,000 having registered so far,” he added.

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  • Amazon seeks to hire 33,000 people in the US

    Amazon seeks to hire 33,000 people in the US
    Published Date : 10-Sep-2020 12:41:39IST

    Amazon is seeking to hire 33,000 people in US for corporate and technical roles over the next few months, the company said in its press release. An online career fair will be conducted on September 16 to collect resumes and to provide career coaching sessions to jobseekers. At last year’s career fair, it had received 2,00,000 applications for 30,000 jobs.

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  • 2.1 crore salaried Indians lost their jobs since April: Think-tank

    2.1 crore salaried Indians lost their jobs since April: Think-tank
    Published Date : 09-Sep-2020 11:57:28IST

    About 2.1 crore salaried people in India lost their jobs since April, with 33 lakh jobs being lost in August and 48 lakh in July, according to private think-tank Centre for Monitoring Indian Economy (CMIE). The job losses are not confined to only the support staff among salaried employees but also includes industrial workers and white-collar workers, it said.

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  • United Airlines to cut over 16,000 jobs due to impact of COVID-19

    United Airlines to cut over 16,000 jobs due to impact of COVID-19
    Published Date : 02-Sep-2020 11:34:30IST

    United Airlines has said that it is preparing to cut 16,370 jobs on October 1 as the coronavirus pandemic continues to impact the airline industry. In July, the airline had warned that jobs of 36,000 out of over 90,000 employees were at risk. That number was reduced due to voluntary departures or temporary leave programs, an official said.

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  • Musk beats Zuckerberg to become third richest person in the world

    Musk beats Zuckerberg to become third richest person in the world
    Published Date : 01-Sep-2020 9:03:28IST

    Elon Musk is now the third-richest person in the world. Musk passed Facebook Inc. co-founder Mark Zuckerberg Monday as shares of Tesla Inc. continued their unrelenting rally after undergoing a forward stock split. Musk is now worth $115.4 billion compared with $110.8 billion for Zuckerberg, according to the Bloomberg Billionaires Index. Musk, 49, has seen a meteoric rise in his wealth, with his net worth growing by $87.8 billion this year as Tesla shares surged almost 500%.

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  • Open air theatres to be allowed to operate from Sept 21: Govt

    Open air theatres to be allowed to operate from Sept 21: Govt
    Published Date : 29-Aug-2020 9:21:35IST

    Announcing the Unlock 4 guidelines that comes into effect from September 1, the Centre announced that open air theatres will be permitted to open with effect from September 21. Meanwhile, cinema halls, swimming pools, entertainment parks and similar places will continue to remain closed. International air travel, except those permitted by the Centre, will also remain suspended.

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  • Jeff Bezos 1st person ever to be worth over $200 billion

    Jeff Bezos 1st person ever to be worth over $200 billion
    Published Date : 27-Aug-2020 11:24:13IST

    Amazon Founder and CEO Jeff Bezos has become the world’s first-ever person to amass a $200-billion fortune. The 56-year-old is worth $205 billion, nearly $89 billion more than the world’s second-richest person, Bill Gates, who’s currently worth $116.2 billion, according to Forbes. Bezos’ net worth was around $115 billion on January 1.

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  • Accenture to fire 25,000 staff globally, thousands of Indians affected

    Accenture to fire 25,000 staff globally, thousands of Indians affected
    Published Date : 27-Aug-2020 12:06:46IST

    Global professional services company Accenture is firing around 25,000 employees globally that make 5% of the company’s total workforce, The Australian Financial Review reported citing an internal global staff meeting. The ‘performance-based’ first round of cuts happened earlier this month and more are expected to follow. Around 10,000 employees in India are said to be affected by the move.

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  • Cash with public falls for first time in five months

    Cash with public falls for first time in five months
    Published Date : 25-Aug-2020 12:39:26IST

    Reserve Bank of India data revealed that physical cash with the public recorded a dip for the first time in five months. For the fortnight ended on July 31, cash came down by around ₹3,982 crore to ₹25.76 lakh crore. Cash with the public hit an all-time high of ₹25.80 lakh crore on July 17.

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