About Author
Saipriya Iyer
Saipriya Iyer presently works as a content developer for fractovia.org. Having dabbled with the domain of content creation for nearly half a decade, she now boasts of an enviable portfolio, holding substantial experience in penning down pieces related to technology, finance, and a wide spectrum of other industry verticals. A qualified computer engineering graduate from the University of Pune, Saipriya can often be found leveraging her knowledge of software technology and electronics in her write-ups. She can be contacted at- [email protected] | https://twitter.com/saipriya_i
Contribution by Saipriya Iyer
Singtel & StarHub choose Ericsson & Nokia as 5G network providers
Telecommunication operators in Singapore have reportedly chosen Ericsson AB & Nokia Oyj as the main 5G network providers. This has led Huawei Technologies Co. to have less significant contracts in the region. Singapore Telecommunications Limited has chosen Ericsson as its main 5G provider, wh... Read More
Gojek lays off 9% workforce due to rising COVID-19 challenges
Gojek is reportedly laying off nearly 9% of its workforce, i.e. 430 employees due to the rising challenges posed by the coronavirus pandemic. The layoff plan will help the company prioritize on its core businesses of food delivery, transport, and payments. These three core services as well as the... Read More
London City Airport reopens as Britain plans to emerge from lockdown
London City Airport, an international airport in England, has recently reopened and approved the arrival of a small turboprop airplane from the Isle of Man. This happened in line with the country’s gradual emergence from the COVID-19 lockdown imposed in the region for nearly 3 months. Britain ... Read More
CCI reviewing $5.7B investment signed by Facebook in Reliance Jio
The CCI (Competition Commission of India) is reportedly reviewing the $5.7 billion investment made by Facebook, a social networking company, in Reliance Jio Platforms. This investment was made with an aim to enable the social networking service to make inroads into several shops in India. Sources... Read More
GWM inks MoU with Maharashtra Government to set up production plant
Great Wall Motor (GWM), a Chinese automobile manufacturer, has reportedly signed an MoU (memorandum of understanding) with the government of Maharashtra. This MoU has been signed by the company to set up a manufacturing facility in the state. The manufacturing plant was acquired by GWM from Gener... Read More
Clix Capital to acquire Lakshmi Vilas Bank through a merger agreement
Clix Capital, an AION backed non-bank lender, has reportedly shown its preliminary interest to procure Lakshmi Vilas Bank. In a latest stock exchange filing, the private sector bank stated that it has already inked a non-binding intent letter regarding a proposed amalgamation of the bank with Clix C... Read More
Reliance Industries eyeing another ₹5,000-10,000 cr for Jio Platforms
From the past two months, Reliance Industries’ Jio Platforms Limited, India’s leading digital service platform, has been luring investors across the world. After raising a mammoth amount from numerous investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR... Read More
MOF and IRAS announce $450M wage credits payouts for 95K employers
The MOF (Ministry of Finance) and IRAS (Inland Revenue Authority of Singapore) have recently announced wage credits payouts of nearly $450 million for more than 95,000 employers. The employers will receive these payouts by 30th June. Under these payouts, the Singapore government will co-fund 20% ... Read More
BP announces its plan to lay off 15% workforce due to COVID-19 crisis
BP plc, a multinational oil and gas company, has recently announced its plan to lay off 15% of its workforce due to the ongoing coronavirus crisis. This announcement goes in line with the plan of Bernard Looney, the company’s Chief Executive to shift its focus from the oil & gas major to r... Read More
Jetstar and Qantas to begin air travel after heavy safety changes
Qantas as well as Jetstar are going to increase the number of domestic routes from the month of July. Both airlines will be witnessing an increase in capacity from about 5% from pre-coronavirus levels to around 15% towards the end of June. This essentially equals to over 300 return flights every wee... Read More