Radium Team

Amazon Gets Notice

Amazon gets notice from the Indian Labour Ministry regarding layoffs in India

The Union Labour Ministry has notified IT and e-commerce giant Amazon about the recent layoffs in India. The company has been summoned by A Anjanappa, the deputy chief labour commissioner, to question the voluntary separation programme (VSP). Smitha Sharma, the public policy manager for Amazon, has been asked to a hearing on November 23. Amazon’s …

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Chingari Indian Rival

Chingari, TikTok’s Indian rival, introduces revenue-sharing programmes for users and content creators

Chingari, an Indian competitor to Tik Tok, has introduced a content monetisation scheme for its users and artists.  The cost of the daily, weekly, and monthly plans is, respectively, Rs 20, Rs 30, and Rs 100. The business claimed in a statement that by making this change, the creators’ community will be able to double …

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E-commerce Platform

Next week, the government will provide frameworks to detect fake reviews on e-commerce platforms

According to Consumer Affairs Secretary Rohit Kumar Singh, the government would release frameworks the next week to combat fake reviews and unverified star ratings on e-commerce websites, and hotel and travel booking platforms. Consumers largely rely on reviews placed on platforms to see the opinions and experiences of people who have already purchased the goods …

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Mohit Gupta Zomato

Mohit Gupta, a co-founder of the food delivery business Zomato, resigns

Zomato Ltd., a food aggregator company with its headquarters in Gurugram, announced on Friday that Mohit Gupta, a co-founder, had left the organisation after nearly five years. Before being promoted to co-founder in May 2020, Gupta was the segment’s chief executive and is credited with starting from scratch Zomato’s meal delivery operations. “I remain a …

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Edtech start-up Scaler rewards employees by announcing 10-day ‘gratitude leaves’

Edtech start-up Scaler has announced that its employees would receive ten days of paid time off at the end of the year. The business is distributing the “gratitude leaves” from December 21 to January 1 in recognition of its success in ending the year on a rewarding and successful note. The start-up, which employs 2,200 …

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Uniform Charging Ports

India favours uniform charging ports for electronics, wearables, and cellphones

The Department of Consumer Affairs in India is in favour of giving all electronics, including wearables, a standard charging connector. India’s action comes a few months after European Union regulations mandating and approving the introduction of a single universal charger for a variety of electronic devices, including Apple iPhones, were imposed and approved. Only a …

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Visa for Indians

Under a new programme, the UK government, led by Rishi Sunak, approves 3,000 visas for Indians annually

Each year, 3,000 young Indian professionals are granted work visas by the UK government, which is headed by Rishi Sunak. The UK will provide 3,000 places under the UK-India Young Professionals Scheme for degree-holding Indian nationals between the ages of 18 and 30 to come to the UK and live and work there for two …

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Elon Musk Twitter

Elon Musk terminates Twitter employees’ ability to work from home, citing “difficult times ahead”

Elon Musk, the new CEO of Twitter, reversed the company’s previous decision to enable workers to work remotely by ending the company’s permanent work-from-home policy and asking them to come into the office. Additionally, Musk has informed his staff that “tough times” are coming.  According to Bloomberg, Musk sent a direct email to Twitter employees …

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Green Bonds Approved

The first framework for Indian sovereign green bonds is approved by FM Nirmala Sitharaman

The complete framework for sovereign green bonds, which will be used to finance environmentally friendly projects, was approved by Finance Minister Nirmala Sitharaman on Wednesday. Green bonds are financial products that raise money for initiatives that are climate- and environmentally friendly. Additionally, compared to conventional bonds, green bonds have a substantially lower cost of financing. …

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Tesla Shares Fluctuate

As Tesla shares fluctuate, Elon Musk’s net worth drops below $200 billion

On Tuesday, investors sold off shares of Tesla Inc. out of concern that Elon Musk, the company’s chief executive and major shareholder, was more focused on Twitter than on Tesla. As a result, his net worth fell below $200 billion. Forbes estimates that Musk’s current net worth is $194.8 billion, with a significant portion of …

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