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Telstra beats rollout target & launches 5G network across 47 cities
Telstra is reportedly building its 5G network ahead of time and has extended its reach across 47 Australian cities. Additionally, the company is unveiling a mobile broadband device that can compete directly with the NBN (National Broadband Network). As per the statement made by Channa Seneviratne... Read More
Kotak Bank gears up to launch a major share sale worth $2 billion
Renowned financial institution Kotak Mahindra Bank has apparently made it to the headlines for its announcement of planning to launch a share sale to institutional investors. Reliable reports affirm that this share sale has been targeted toward raising as much as $2 billion in multiple tranches, in ... Read More
BigBasket plans to raise $150-200M funds to boost online grocery sales
BigBasket is reportedly planning to raise funds worth nearly $150-200 million, owing to the rising opportunities of online grocery sales due to the nationwide COVID-19 lockdown. In the initial days of the lockdown, supply chains were disrupted. However, e-Commerce has emerged subsequently as the ... Read More
Canadian Competition Bureau fines Facebook $9 million for false claims
Social media giant, Facebook Inc., has been witnessing a never-ending deluge of privacy and security related scandals over the past few years. Recently, the company made headlines when Canada’s Competition Bureau has fined the social media giant USD 9 million for making misleading or false cla... Read More
Uber to shift its APAC HQ from Singapore as COVID-19 impact worsens
Uber Technologies, the renowned American ride hailing company, is reportedly planning to move its Asia-Pacific HQ out of Singapore over the coming 12 months, as COVID-19 outbreak continues to disturb its business. The APAC hub would be shifted to another city within the region. The US-based firm ... Read More
Sika starts manufacturing safety masks after hand sanitizers
Sika has started producing safety masks for its employees and customers These face masks have polyester-based protective layers 50,000 masks have been produced till date and 165,000 more have been pre-ordered Swiss chemical specialty major Sika has reportedly commenced the prod... Read More
Indian airlines resume flight bookings for June amid COVID-19 lockdown
Some Indian airlines have reportedly commenced bookings for flights starting from June amid the suspension of commercial flight services till 31st May due to coronavirus lockdown. People with knowledge of the matter have stated that international flight bookings of SpiceJet will remain closed til... Read More
Qantas Airways gets permission to not pay sick leaves to workers
Qantas has received approval by a Federal Court judge in Australia to not pay sick leaves during the coronavirus period, rejecting a bid that was formed by the union. Apparently, about 20,000 workers at Qantas were stood down in the middle of March and were legally able to access certain entitlem... Read More
Greg Abbott in talks with Elon Musk to move Tesla’s EV plant to Texas
Greg Abbott, Texas Governor, is reportedly in talks with Tesla’s chief executive, Elon Musk, regarding the potential move of Tesla’s EV assembly plant to Texas. This comes along the heels of Musk intending to move the company’s headquarters to either Nevada or Texas, as official... Read More
Twitter permits employees to ‘work from home’ for an indefinite period
On Tuesday, Twitter announced that its employees are now allowed to work from home for as long as they want. The company says it will adopt a careful approach and start opening offices one by one, gradually from September. Jack Dorsey, the CEO of Twitter in a companywide email, an... Read More