BUSINESS
Brainly fires nearly all from India team as not able to maintain some of roles
Impacted Brainly employees took to Twitter, sharing their examples. "Layoffs are sad, but what is worse is how they are handled. CEO comes on the call -- announces India shutdown and within 2 minutes slack and emails shut off, laptops disconnected. Everyone was shocked. And then no severance," said one affected employee. Corporate Chat India tweeted a screenshot of an affected employee from its account.
Reliance Industries ranked 20th in the world, highest among Indian companies in World's Best Employers rankings
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's Best Employers followed by Microsoft, IBM, Alphabet, Apple, Delta Airlines, Costco, Adobe, Southwest Airlines and Dell Technologies in the top ten, Reliance Industries with 2.3 lakh employees, is ranked 20th and is ranked above Rolex, Dassault Group, Huawei, Bosch, Mercedes Benz and Pfizer among others.
$8 Twitter Blue with verification in India in less than a month: Elon Musk
The company has already started testing Twitter Blue subscription plan for Apple iOS users, which provides verification and other benefits. When a Twitter follower asked Musk when can we expect to have the Twitter Blue roll out in India, the Tesla CEO replied: "Hopefully, less than a month".
Over 100 countries exploring their own digital sovereign currencies
Over 100 countries, including India, are exploring or piloting Central Bank Digital Currencies (CBDCs), a digital form of a country's sovereign currency. Among the G20 countries, 19 are exploring a CBDC, with 16 already in the development or pilot stage. They include South Korea, Japan, India and Russia, according to The Atlantic Council's Geoeconomic Centre.
Indian e-rupee to boost digital payments sans bank accounts
The rollout of the e-rupee has been one of the most sought-after developments, since its announcement in the FY23 Union budget. Jaya Vaidhyanathan, CEO of BCT Digital, said that the RBI's commencement of the pilot of the digital rupee marks appreciable progress in the journey toward digital payments.
Digital currency to cut RBI's cash management costs, drive financial inclusion
A key reason that is considered to have triggered the move towards the digital rupee was reducing the cost associated with physical cash management. An RBI concept note says that the cost of cash management in India has continued to be significant. The total expenditure incurred on security printing during April 1, 2021 to March 31, 2022 was Rs 4,984.80 crore as against Rs 4,012.10 crore in the previous year (July 1, 2020 to March 31, 2021).
Ready to deal in digital rupee? Find out what exactly it is
The RBI had further announced that within a month of this pilot project of digital rupee (eRs), a similar project for the retail segment would also be launched in closed user groups comprising customers and merchants. Details regarding this would be made public soon, it had added.
Twitter to let users post long-form tweets, help creators monetise: Musk
In a series of tweets, the new Twitter CEO said that more details about these features will be revealed in the next two weeks. "Twitter will soon add the ability to attach long-form text to tweets, ending the absurdity of notepad screenshots," Musk told his over 114 million followers.
Apple settles lawsuit against ex-employee who stole trade secrets
"Apple and Lancaster have reached an agreement to resolve this matter, which includes a monetary payment by Lancaster to Apple and the dismissal of the claims in this case," read the settlement order in the US District Court for the Northern District of California.
Markets to gain further ground
BSESENSEX gained 990.51 points or 1.65 per cent to close at 60,950.36 points while NIFTY gained 331.35 points or 1.86 per cent to close at 18,117.15 points. The broader indices saw BSE100, BSE200 and BSE500 gain 1.91 per cent, 1.97 per cent and 1.93 per cent respectively. BSEMIDCAP gained 2.39 per cent while BSESMALLCAP gained 1.46 per cent respectively.
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