Vodafone Idea (Vi) has approached the State Bank of India (SBI) for a loan of Rs 15,000-16,000 crore to meet its capital expenditure needs and fund its gear supply for the 5G rollout, a report in the Economic Times (ET) said. The talks have reportedly been going on for over a month now and SBI … Read more
The modified guidelines on digital lending by the Reserve Bank of India (RBI) will come into effect from Thursday, 1 December. The digital lending modified guidelines aim to protect customers from exorbitant interest rates and keep a check on unethical loan recovery practices. As per the new norms, all loan disbursals and repayments are to … Read more
Patients are seen waiting outside the AIIMS Pediatric Emergency ward, even as servers remained down for over six days. Hackers have allegedly demands a ransom of ₹200 crore in crypto currency from All India Institute of Medical Sciences, in Delhi on November 29, 2022. The services at the All India Institute of Medical Sciences (AIIMS) … Read more
Annual growth in the Indian economy likely slowed in the July-September quarter as COVID distortions faded, economists said ahead of GDP data due on Wednesday that will provide clues about its resilience in the face of global economic turmoil. Asia’s third-largest economy is expected to post annual growth of 6.2% in the three months to … Read more
Tech giant Samsung is reportedly planning to launch a new in-house global research unit next month, to combat semiconductor downfall. The new organisation will launch under the Device Solutions Business Division and will be assigned to research new investment avenues, as well as, analyse the global semiconductor market, reports SamMobile. Due to the COVID-19 crisis, … Read more
More than 1,400 Twitter employees signed up to Blind in the past month, its co-founder told Insider. About 95% of Twitter’s workforce is now on Blind, Kyum Kim said. Users of the anonymous professional network can only review the company they work for. Twitter employees have been flocking to Blind, the anonymous professional network, since … Read more
US home sales are extending declines as Federal Reserve tightening boosts mortgage rates. That has helped tame inflation, which is now retreating from four-decade highs. But a housing market slowdown also increases the risk of a recession. Housing could be about to become a key policy puzzle for the Federal Reserve. Market activity has fallen … Read more
In the past few weeks, a number of high-profile US tech companies have announced layoffs. Meta is laying off 11,000 workers and Amazon 10,000. The ongoing purge at Twitter could see its employee base of 7,500 shrink by about 75%. About 42,000 workers in US tech companies lost their jobs in November alone, according to … Read more
Even though Elon Musk has been at the receiving end of criticism with the abrupt layoffs, mass resignations at Twitter and the blue tick row, an Indian businessman has come to the defence of the billionaire. RPG Enterprises chairman Harsh Goenka believes that Elon Musk is ahead of his time and people ought to give … Read more