Starbucks CEO Howard Schultz said a new web3 initiative for rewards is coming. The changes will be revealed at Starbucks Investor Day in September. Other chains like McDonald’s, Wendy’s, and Chipotle have ventured into web3 via the metaverse. Something is loading. Starbucks is planning some changes to its iconic rewards program, the coffee chain announced … Read more
Netflix insiders, creators, and other Hollywood stakeholders told Insider the company’s culture has shifted amid challenges. Former employees described less ‘candor’ and more ‘fear-based’ decisions. Layoffs in the spring affected departments across the company; the indie film team lost 8 of 11 members. In March, hundreds of Netflix’s highest-ranking executives congregated for a quarterly business … Read more
Spicejet has informed that it has settled with Airports Authority of India (AAI) and has cleared all the ‘principal’ dues. Financial difficulties of the airline are widely known. It has been defaulting/ delaying on most of it’s financial commitments. It was moved to ‘cash and carry system’ in airports run by the AAI. Spicejet has … Read more
Prime Minister Narendra Modi launched NSE IFSC-SGX Connect on July 29, 2022 at the International Financial Service Centre (IFSC) in GIFT City, in Gujarat’s Gandhinagar. During the launch, Modi said, “India is now integrating with the global supply chain and GIFT City is one of the major gateways.” What is NSE IFSC-SGX Connect? To … Read more
GST collections rose 28% to Rs 1. 49 lakh crore in July, making it the second highest monthly collection since the new tax regime kicked in a little over five years ago. The July numbers, which represent transactions in June, were bolstered by buoyant imports with revenues from that segment increasing 48%, compared to a … Read more
Ark Invest founder Cathie Wood seems to think the market is approaching a bottom and growth stocks would lead a recovery, the fund manager told CNBC’s Tech Trade Special Friday. “Typically growth stocks will outperform as we move towards the end of a bear market and of a recession because they are the new leadership,” … Read more
Chip-maker Qualcomm has reported a 37 per cent rise in its revenue in the June quarter despite challenging macro-economic environment, announcing the extension of its patent license agreement with Samsung for its Galaxy devices. The company posted $10.93 billion in revenue for its third quarter (April-June period) and its handset business grew 59 per cent … Read more
Since May of this year (i.e, in just 2 months), Spicejet has reported 9 mid air snags. This is uncommon in Indian skies and deserved a closer look by the regulator – The Directorate General of Civil Aviation (DGCA). DGCA has now acted and ordered Spicejet to operate only 50% of it’s flights that have … Read more
All Tesla models are equipped with a driver assistance system called Autopilot. The feature enables a car to steer, accelerate, and brake automatically within its lane. The function does not replace the role of a driver, but is intended to make driving easier and cut down on accidents. New Tesla models have eight cameras and … Read more