TikTok Officially Joins Covid 19 Global Fight

Joining the global bandwagon against coronavirus pandemic, TikTok on Thursday announced slew of relief funds and initiatives. The popular short video app, which is owned by bytedance, announced a total package of $ 375 Mn. Out of these $375 Mn, $250 will be for relief fund and the rest $125 Mn will be devoted to ad…

ByGirish ShettiApril 10, 20200Comments

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Meesho becomes latest startup to opt for Layoffs: Report

Social commerce major Meesho is apparently the latest startup to face the coronavirus pandemic blues, after Entrackr reported that the company has given pink slips to more than 200 employees. The mass layoff has come at a time when Meesho’s business has reportedly taken a huge hit due to the ongoing Covid 19 lockdown. No one…

ByGirish ShettiApril 10, 20200Comments

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Lockdown & SC Verdict spells Good news for Indian Crypto Market

COVID 19 lockdown has sent the Indian financial markets to a tailspin but the cryptocurrency markets have miraculously managed to remain immune to the adverse impact. In fact, the Indian crypto market has apparently found a silver lining in these adverse circumstances as the crypto trading volumes have witnessed sporadic increase during the lockdown period. Several…

ByGirish ShettiApril 9, 20200Comments

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Oyo goes for Fresh Layoffs in the US: Report

Oyo has handed pink slips to hundreds of employees across different verticals in the fresh lay off exercise, according to Economic Times (ET). The latest layoff comes after the hospitality major had fired almost one-third of its U.S staff in February as part of the restructuring process, resulting in the termination of thousands of employees…

ByGirish ShettiApril 8, 20200Comments

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TikTok’s Popularity Surges Ahead during Lockdown Period

Popular short video app TikTok has emerged as the most downloaded social media app in India during the ongoing lockdown, according to data prepared by app analytics firm App Annie, which was accessed by The Economic Times (ET). Image Credit: Flickr Block Inspect According to data compiled by Annie, TikTok’s download on IOS and Google Play Store…

ByGirish ShettiApril 6, 20200Comments

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SoftBank Forsakes WeWork’s $3 Bn Stock Deal

SoftBank has decided to pull the plug on WeWork’s bailout deal, after the latter announced on Thursday that SoftBank won’t be buying $3 Bn WeWork shares from its existing shareholders. Image Courtesy - Flickr The news comes as a major setback for WeWork’s existing shareholders including former CEO Adam Neumann, since they were hoping to earn handsome…

ByGirish ShettiApril 2, 20200Comments

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Binance Launches Blockchian Research Institute in China

In yet another strong indicator that Binance is looking at China with renewed interest, the world’s largest cryptocurrency, has announced the launch of a blockchain research institute in Lingang, Shanghai. The institute has been named as “Blockchain Technology and Industry Research Institute.” The institute will aim to work towards creating a think tank and talent hub…

ByGirish ShettiMarch 31, 20200Comments

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PayPal Backs cryptocurrencies for using as ‘Payment Currencies’

Online Payment giant PayPal has firmly backed cryptocurrencies for making payments but maintained that mass adaption of digital assets still has a long way to go. PayPal’s CTO, Sri Shivananda, shared these thoughts at recently conducted Economic Times Global Business Summit. Image Courtesy: Paypal.com For successful mass adaption, Shivananda said, “If consumers start to feel like…

ByGirish ShettiMarch 10, 20200Comments

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Walmart doesn’t rule out IPO for Flipkart

When will Flipkart, India’s most coveted and the most valued startup, set the ball rolling for an IPO. This is probably one of the most teasing questions of the Indian startup industry and the answer to this question has been long overdue. Logo of Flipkart Flipkart’s parent company Walmart has hinted that this teasing question will be…

ByGirish ShettiMarch 9, 20200Comments

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RBI is still not Giving up its Fight against Cryptocurrency: Report

Reserve Bank of India is all set to file a review petition in Supreme court against dismissing of its circular intended at restricting cryptocurrency trading across India, according to Economic Times (ET). RBI Governor: Shaktikanta Das ET report claims that the central bank has expressed apprehension that SC ruling may put India’s financial and banking sector at…

ByGirish ShettiMarch 6, 20200Comments

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