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The coronavirus lockdowns have changed the face of workspaces and behaviours of employees significantly. While most of the offices now look deserted as employees are working remotely, work productivity has increased. This increase in productivity can be attributed to the fact that most of the Indian working professionals are now spending their time on upgrading…
Head of Streaming for The Walt Disney Co. Kevin Mayer has recently resigned from his position to join TikTok as Chief Executive Officer. Along with this role, Mayer will also serve as the Chief Operating Officer of ByteDance, TikTok’s parent company. Mayer’s new appointment will be effective June 1, the Chinese company said. At Disney,…
IKEA-backed home design and decor startup Livspace has recently laid off 15% of its workforce as coronavirus turmoil impacts the company’s business. The company has also cut its expense by 25-30% in order to save itself from further losses. The recent development comes just a month after the company said that it had not resorted…
Ride hailing companies have been facing severe revenue losses due to the lockdowns imposed by the central government for the containment of the coronavirus. The recent extension of the lockdown, however, brought some relief for these companies. After almost 50 days of suspension of services, companies like Ola and Uber are back in business as…
TCS iON, a strategic unit of Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, announced the launch of Remote Assessments, a product that enables universities and exam boards to conduct secure, free and fair examinations at scale, in a remote model. The exam schedule of education institutions and exam conducting…
Dickenson World, a leading Capital Market Communications consultancy firm, based out of London and Mumbai, announced that it has entered into a representative agreement with UK’s longest-established commissioned research provider – Hardman & Co. – to offer ‘Sponsored Research’ and corporate access to corporates within the India and ME regions. To explain the concept of…
Lendingkart Technologies Private Limited, a fintech startup that develops technology tools based on big data analysis, announced that it has raised an equity round of little over Rs 319 crore in its Series D funding led by existing investors. Fullerton Financial Holdings Pte Ltd, Bertelsmann India Investments, Sistema Asia Fund and India Quotient participated in…
SG Analytics, a leading research and analytics company, has announced aggressive hiring plans amidst the COVID 19 pandemic. The company will be going on a hiring spree to increase its manpower by over 20%. In the current times, when the economy is going through a slowdown, the company’s hiring plans come as a relief for…
Ride-hailing giant Uber recently said that it has decided to lay off 3,000 more employees as coronavirus-led restrictions has reduced the demand for ride-hailing services. These job cuts are in addition to the 3,700 Uber had announced earlier this month. The employees were informed about the decision by Chief Executive Officer Dara Khosrowshahi in an…
Putting all the rumours aside, technology giant Apple recently announced that it has acquired virtual reality startup NextVr for $100million. The reason for the buyout is not yet disclosed by the tech major, however, it is being said that the acquisition will help Apple develop its own VR capabilities. In a media statement, Apple said,…
Affle Limited, the leading consumer intelligence technology company, announced the appointment of Sujoy Golan as Chief of Marketing & Omnichannel Platforms to strengthen its leadership team. In his new role, Sujoy will lead the marketing function and help drive the business growth for Affle’s omnichannel platforms on Software/Platform-as-a-Service business models. Sujoy has 14+ years’ experience…
Layoffs have become a common phenomenon in these unprecedented times. The coronavirus has impacted several businesses, forcing them to resort to tough measures like cost cutting and downsizing. The recent company to fall in the crisis is shared office space startup, WeWork. Recently, WeWork India said that it has laid off nearly 20% of its…
Tata Consumer Products Limited announced that it will acquire PepsiCo’s stake in NourishCo Beverages Limited, a 50:50 joint venture (JV) between the two Companies. The JV was formed in 2010 through a joint venture agreement between Tata Global Beverages and PepsiCo India. Tata Consumer said that the acquisition will widen its portfolio in the Food…
Teamonk Global, a Bengaluru-based specialty tea brand, announced it has raised funding from Mumbai-based Lead Angels Network, according to a VCCircle report. Financial details of the funding remain undisclosed. Nalin Sood, CEO at Teamonk Global, said there is heightened consumer focus on health and wellness, and the firm with its wide portfolio of 100% natural,…
Rainshine Entertainment, a leading entertainment company that creates, nurtures and develops content studios which create fabulous content for Indian and global audiences, announced the appointment of Bimal Parekh to its Board of Directors. Speaking about the appointment, Neeraj Bhargava, Chairman & Chief Executive Officer, Rainshine Entertainment, says, “We are excited to have Bimal join us…