BUSINESS
Declined other job offers and master's programme: Sacked LinkedIn worker
Lea Schuhmacher, who had previously worked as an intern at LinkedIn in Ireland, wrote in her post: "Being laid off before even starting a job? Welcome to my (and many other's) world. Today, LinkedIn announced not only its "difficult decision to lay off hundreds of employees, but also to discontinue the Business Leadership Program that I was supposed to be a part of".
Cisco eyes over $1 bn in exports, domestic production with India manufacturing
The company will start manufacturing routers and network switches in India to begin with, to create an even more diverse and resilient global supply chain and support India's vision of becoming a global manufacturing hub. The manufacturing move is aligned with the government's 'Make in India' initiative. We are bullish on the India market.
Paytm beats PhonePe, GooglePay as India's highest revenue earner in mobile payments, financial services
Just inches away from a billion dollars, Paytm's revenue puts it the leading spot in the Indian fintech space and miles ahead of the likes of PhonePe or GooglePay. To put it into perspective, Paytm's Q4 revenues of Rs 2,334 crore were still ahead of PhonePe's revenues of Rs 1,912 crore for the first nine months of the calendar year 2022.
Air India extends deadline for pilot contracts amid union opposition
This development follows the May 4 town hall meeting organised by the flag carrier where the concerns of numerous pilots were addressed. The sources revealed that during the meeting, approximately 800 pilots who had not yet agreed to the new compensation structure, were in attendance. The meeting was presided over by Air India.
NCLT admits Go Airlines' petition
The Principal Bench of NCLT, New Delhi also declared moratorium for the company and directed the suspended Board of Directors to cooperate with the IRP. Blaming the global aircraft engine maker Pratt & Whitney of not providing spare engines for defective ones resulting in the grounding of nearly half of its fleet.
Sam Bankman-Fried seeks to dismiss 10 out of 13 charges against him
His attorneys seek to dismiss the conspiracy to commit wire fraud and bank fraud charges, reports TechCrunch. The lawyers also seek to dismiss a few other charges, including bribery and political contribution charges, the report mentioned.
India, Canada agree to enhance cooperation for investment promotion, info exchange
This was finalised after both the countries concluded the 6th India-Canada Ministerial Dialogue on Trade and Investment in Ottawa on Monday.Union Commerce minister Piyush Goyal and Canadian Minister for International Trade Mary Ng concluded the negotiations for their respective countries.
Indian suppliers to help us export $10 bn worth goods from country by 2027: Walmart CEO
Addressing Indian suppliers and partners here, McMillon reinforced Walmart's continued commitment to India and to building an ecosystem of suppliers and partners, including small and medium enterprises. He also reaffirmed Walmart's roadmap of strengthening partnerships with Indian communities, expanding opportunities for local.
NCLT to decide on Go Airlines insolvency petition on Wednesday
Blaming the global aircraft engine maker Pratt & Whitney of not providing spare engines for defective ones resulting in the grounding of nearly half of its fleet, Go Airlines had approached NCLT with a petition for resolution on May 2. Hearing the petition on May 4, the NCLT had reserved its orders.
Google to give $100 mn to New York Times for 3 years to use its content: Report
The NYT in February this year announced an expansion of its agreement with Google. It "described as an expanded agreement that included content distribution and subscriptions, as well as using Google tools for marketing and ad-product experimentation." The NYT and Google did not immediately comment on the WSJ report.
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