BUSINESS
Elon Musk tests $8 Twitter Blue with verification on iOS
The applications latest update on App Store mentioned that the users have to pay for the new plan to get verified on the platform "just like the celebrities, companies, and politicians you already follow." Esther Crawford, product manager at Twitter confirmed the plan is not live yet but some users "may see us making updates because we are testing and pushing changes in real time."
Kirloskar Ferrous to merge Indian Seamless Metal with itself
The ISMT is an integrated specialised seamless tube manufacturer in India. As per the scheme of arrangement and merger, Kirloskar Ferrous will allot 17 fully paid-up equity shares of Rs 5 each, to the shareholders of ISMT for every 100 fully paid-up equity shares of Rs 5 each held by the shareholders (except Kirloskar Ferrous).
Jack Dorsey sorry for mass layoffs at Twitter, says grew company too quickly
"Folks at Twitter past and present are strong and resilient. They will always find a way no matter how difficult the moment. I realize many are angry with me. I own the responsibility for why everyone is in this situation: I grew the company size too quickly. I apologize for that," Jack Dorsey posted.
Maharashtra Police book Anahita Pundole for 'negligent' driving leading to Cyrus Mistry's death
The Palghar police have filed a case against Anahita Pundole (55), who was said to be speeding the illfated Mercedes Benz on a bridge over Surya river on the Ahmedabad-Mumbai National Highway. Besides Mistry, Jehangir Dinshaw Pundole was also killed in the crash while his brother Darius Dinshaw Pundole and sister-in-law Anahita received serious injuries.
Unfortunately, there is no choice: Musk on Twitter layoffs
After axing nearly 3,800 employees across the globe, including in India, the new Twitter CEO said that he has given three months of severance to everyone who has been asked to go. "Regarding Twitter's reduction in force, unfortunately there is no choice when the company is losing over $4M/day. Everyone exited was offered 3 months of severance, which is 50 per cent more than legally required," Musk tweeted.
Cement companies mull price hike of Rs 10-30/bag
Emkay Global in a recent sectoral report said the average pan-India cement price increase was about Rs.3-4/bag in October 2022. On a month-on-month (MoM) basis, prices rose by 2-3 per cent in the East and South, and about one per cent in the West; while declining 1-2 per cent in the northern and central regions, the report said.
NIIT acquires US-based St. Charles Consulting Group for $23.4 mn
Headquartered in St. Charles, Illinois, St. Charles Consulting Group is a leading provider of consulting, design, and implementation solutions for strategic learning programmes to professional services firms and Fortune 500 companies.
Tata Motors to hike prices of passenger vehicles
The passenger car segment is logging good monthly growth for the industry players. While Tata Motors did not specify the model wise price hike, it said the weighted average increase will be 0.9 per cent depending on the variant and the model.
Wheat prices up again due to tighter supplies in US: FAO
The observation made in the FAO's Food Price Index issued on Friday was unchanged from September after six consecutive months of decline, reports Xinhua news agency. The grains and cereals sub-index rose by 3 per cent, building on a 2.2 per cent increase a month earlier.
Bloodbath at Twitter as Elon Musk sacks half of 7,600 employees
Teams focused on trust and safety issues were hit the hardest, including those tasked with defending against election misinformation ahead of the US midterms on November 8, reports The Verge. The Twitter verticals that were the worst-hit included product trust and safety, policy, communications, tweet curation, ethical AI, data science, research, machine learning, social good, accessibility, and certain core engineering teams.
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