business news

Edtech giant Byju's has reportedly initiated layoffs via phone calls, opting to release employees without putting them through a performance improvement plan (PIP) or requiring them to serve a notice period. The company's decision has raised concerns and drawn attention to the impact on affected staff.

Varanasi, March 31, 2024: The recent opening of a Starbucks outlet in Varanasi, Uttar Pradesh, has caused quite a stir as a viral video showed a significant crowd queuing outside the coffee house. The video, shared on social media, has sparked a debate on coffee culture and consumer behavior in smaller towns.

Bengaluru, March 31, 2024: Infosys Ltd, one of India's leading IT services companies, has announced that it anticipates a refund of ₹6,329 crore from the Income Tax Department. This revelation comes after the company received orders for assessment years spanning from 2007-08 to 2018-19 during the quarter.

Mukesh Ambani, Chairman of Reliance Industries, lauded Shloka Mehta, daughter-in-law of the Ambani family, during his address at the Gems and Jewellery Exports Promotion event in Mumbai. The event, attended by industry leaders and dignitaries including Maharashtra Governor Ramesh Bais, showcased the achievements of the gems and jewellery sector and discussed its future prospects.

In a recent exchange on social media platform X, Anand Mahindra, the Chairperson of Mahindra and Mahindra, shared his insights on the importance of recognizing manufacturing heroes. This discussion was sparked by Elon Musk's post highlighting the lack of representation of manufacturing in popular culture compared to the focus on lone inventors.

A group of American professionals has accused Indian tech giant Tata Consultancy Services (TCS) of terminating their employment and replacing them with Indian workers on H-1B visas. The allegations, part of an ongoing debate about skilled foreign workers in the US, highlight concerns over the fairness and impact of the H-1B visa program.

In a significant move, Zee Entertainment has initiated a substantial workforce reduction by laying off 50% of its tech team at its innovation centre in Bengaluru. This decision follows the company's failed merger discussions with Sony and is part of broader cost-cutting measures.

OpenAI, a leading artificial intelligence research organization, has unveiled a groundbreaking audio feature that can convincingly replicate human voices, sparking discussions about the potential risks associated with deepfake technology.

Social media platform X, previously known as Twitter, is in the process of testing a new feature that allows users to create or join communities focused on "adult content" or other "not safe for work" (NSFW) material. This move comes as part of efforts to enhance safety measures and age-appropriate content viewing on the platform.

State Bank of India (SBI), the country's second-largest credit card issuer with a user base of over 18 million cards, has announced revisions to its annual maintenance charges for certain categories of debit cards. The new rates, which will come into effect from April 1, mark the beginning of the new financial year.