• Aishwarya Rai invests in Bengaluru startup

    Aishwarya Rai invests in Bengaluru startup
    Published Date : 16-Jul-2019 9:42:07IST

    Actress Aishwarya Rai Bachchan and her mother have invested in Bengaluru-based environmental intelligence startup Ambee. Investors including Rajan Anandan, Google’s former Southeast Asia and India Vice President, together invested ₹3.22 crore in the startup. Founded in 2017, Ambee provides data about hyperlocal air quality which is accessible to developers, consumers, health researchers and media companies.

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  • TCS issues over 30,000 offer letters in Q1, highest in five years

    TCS issues over 30,000 offer letters in Q1, highest in five years
    Published Date : 10-Jul-2019 9:36:10IST

    TCS reported a net profit of Rs 8,131 cr for the April-June quarter of the current financial year. The revenues went up 11.4% annually to Rs 38,172 crore in Q1. In an exchange filing, the company said, “Strong hiring in Q1 resulted in a net addition of 12,356 employees, the highest in the last five years.” “It has issued joining letters to over 30,000 fresh graduates and “40 per cent of them have been onboarded in Q1 and the rest are expected to join by Q2 (September 30),” it further added.

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  • #BoycottJapan is Trending

    #BoycottJapan is Trending
    Published Date : 09-Jul-2019 7:22:26IST

    SEOUL Angered by Japan’s move to restrict exports of vital manufacturing materials to the country, South Koreans have taken to Instagram and other social media platforms to show their support for boycotts of Japanese travel and consumer products. More than 2,400 public posts with hashtag #BoycottJapan have been shared on Instagram since the measures were imposed, with some including a picture using Japan’s red rising sun icon as “O” in the word “No”.

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  • Over 100 employees of TCS earn more than ₹1 crore: Report

    Over 100 employees of TCS earn more than ₹1 crore: Report
    Published Date : 13-Jun-2019 9:24:34IST

    As many as 103 employees of Tata Consultancy Services (TCS) earned more than ₹1 crore in annual compensation in the previous financial year, excluding the compensation of CEO Rajesh Gopinathan and COO NG Subramaniam, the Economic Times reported. A quarter of these employees began their careers with the company. In Financial Year 2016-17, TCS had 91 crorepatis, the report added.

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  • Amazon is the Most Valuable Brand, Globally

    Amazon is the Most Valuable Brand, Globally
    Published Date : 12-Jun-2019 11:16:35IST

    Amazon has moved past Apple and Google to become the world’s most valuable brand. The brand value of Amazon surged by 52% to $315 billion, global market research agency Kantar said in its report. Amazon jumped from third to first place to eclipse Google — which slid from first to third with Apple holding 2nd spot.

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  • TCS overtakes Reliance Industries as India’s most valuable company

    TCS overtakes Reliance Industries as India’s most valuable company
    Published Date : 10-Jun-2019 8:11:42IST

    Tata Consultancy Services (TCS) on Monday surpassed Reliance Industries (RIL) to become the most valued firm by market valuation. At the close of trade, the market capitalisation of TCS was at ₹8,37,194.55 crore, which was ₹1,170.47 crore more than that of RIL’s ₹8,36,024.08 crore m-cap. RIL had last month reclaimed the status of India’s most-valued firm by overtaking TCS.

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  • Investors richer by ₹4 lakh cr in a day as exit polls predict NDA win

    Investors richer by ₹4 lakh cr in a day as exit polls predict NDA win
    Published Date : 20-May-2019 4:00:37IST

    The Sensex rose over 1,200 points to cross the 39,000 mark and Nifty 360 points to cross the 11,700 mark on Monday, making investors richer by over ₹4 lakh crore in a day. This comes after most exit polls showed BJP-led NDA getting a majority in Lok Sabha elections. Rupee also jumped 79 paise to 69.44 against the US dollar.

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  • Mallya gets a year to pay off ₹200 crore mortgage for London home

    Mallya gets a year to pay off ₹200 crore mortgage for London home
    Published Date : 15-May-2019 3:51:33IST

    Vijay Mallya has settled a legal dispute with UBS, getting until April next year to repay ₹200 crore mortgage for his central London house. Under the consent terms approved by a court, the Swiss bank can take possession of the house if Mallya fails to repay. UBS said the 63-year-old businessman’s five-year loan for the house expired in March 2017.

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  • IBM fires 300 India employees in a bid to ‘re-invent’ itself

    IBM fires 300 India employees in a bid to ‘re-invent’ itself
    Published Date : 14-May-2019 7:45:03IST

    American IT giant IBM has fired around 300 employees from its India software services division. “This is in accordance with IBM’s strategy to re-invent itself,” IBM said, adding it’s shifting its focus to emerging technology areas like Artificial Intelligence. It further added that fired employees willing to be retained in these areas will be given the option to do so.

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  • Home Ministry cancels Infosys Foundation’s registration

    Home Ministry cancels Infosys Foundation’s registration
    Published Date : 13-May-2019 3:47:08IST

    Home Ministry has cancelled NGO Infosys Foundation’s registration for allegedly violating Foreign Contribution (Regulation) Act (FCRA) in receiving foreign grants. The foundation failed to submit annual income and expenditure statement on foreign funding for up to six years, officials said. However, Infosys Foundation said its de-registration followed a request it made to the ministry.

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  • Uber raises $8.1 billion in IPO, valued at $82 billion

    Uber raises $8.1 billion in IPO, valued at $82 billion
    Published Date : 10-May-2019 4:57:16IST

    Ride-hailing giant Uber priced its IPO shares at $45 apiece to raise $8.1 billion at a valuation of over $82 billion. Shares were priced close to the bottom of its targeted $44-50 range. Uber, which was earlier said to be seeking a valuation of $120 billion, has reportedly taken a conservative stance over its rival Lyft’s post-IPO share falls.

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  • Infosys makes Hyd staff pay for parking, activists call it illegal

    Infosys makes Hyd staff pay for parking, activists call it illegal
    Published Date : 07-May-2019 7:23:34IST

    Activists in Hyderabad have claimed that Infosys deducting parking charges from employees’ salary is illegal. Infosys charges ₹500 for four-wheelers and ₹250 for two-wheelers per month to park on the campus located in the Pocharam Special Economic Zone in city’s outskirts. The management reportedly responded to employee complaints by saying the fee was being collected to maintain the parking lot.

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  • Shopping Links Soon on YouTube

    Shopping Links Soon on YouTube
    Published Date : 07-May-2019 7:37:25IST

    In a bid to ramp up its online shopping business to compete with Amazon, Google is testing shopping links under You-Tube videos. The test feature displays product prices and recommendations under videos playing on the site, making it easier for viewers to buy them on Google.

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  • You are not Our Product: Cook to Apple Users

    You are not Our Product: Cook to Apple Users
    Published Date : 06-May-2019 9:41:31IST

    Apple CEO Tim Cook called online privacy a “crisis”, reaffirming the company’s stance on privacy as companies like Facebook and Google have come under increased scrutiny regarding their handling of consumer data. Unlike companies such as Google and Facebook, Apple’s business isn’t focused on advertising, and thus, it does not benefit from collecting data to improve ad targeting. “You are not our product,” he said. “Our products are iPhones and iPads. We treasure your data. We want to help you keep it private and safe.”

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  • 88-year-old Warren Buffett drinks 5 cans of Coca-Cola a day

    88-year-old Warren Buffett drinks 5 cans of Coca-Cola a day
    Published Date : 04-May-2019 1:21:40IST

    Warren Buffett, the world’s fourth-richest person with $90-billion wealth, drinks five cans of Coca-Cola a day and eats McDonald’s chicken nuggets at least thrice a week. The 88-year-old’s investment company Berkshire Hathaway owns nearly 10% of Coca-Cola, a stake worth $19.5 billion. Buffett is hosting tens of thousands of people in Omaha from May 3-5 for Berkshire’s annual shareholder weekend.

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