Month: February 2024

Layoffs, regulatory troubles, hiring slowdown leads to reset in salaries

The new directors join chief executive officer Anirban Mukherjee and chief finance officer Arvind Agarwal on the board of PayU India. (Representative Image: Towfiqu barbhuiya via Unsplash)

Ex-Byju’s employees who have been in the job market for quite some time and the brewing trouble at Paytm have led to its staffers exploring various other options.

Ola introduces Ola Technology Fellowship program

With this, the company aims to nurture the young and bright minds of our nation that will contribute to India’s journey to becoming a global leader. (Image source: CNBC-TV18)

Commencing with AI researchers at IIT Bombay, the fellowship will span across various engineering disciplines.

Saudi Arabia’s tourism pivot: Lionel Messi and a $800 billion plan to transform The Kingdom into a tourism hotspot

In 2023, Messi shared photos from his trip to Diriyah in Saudi Arabia, as part of his contractual obligations tied to his partnership with the country’s tourism authority. (Image source: Moneycontrol)

Saudi Arabia has a bold $800 billion plan to reimagine and reshape Saudi Arabia as a tourism hotspot.

Elon Musk’s “drug use” known to former and serving directors; board inaction

The memo signed by Elon Musk reads, "There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle."

The alleged use of illegal narcotics might hurt SpaceX’s federal contracts leading to the revocation of Musk’s security clearances, apart from violating the strict anti-drug policies enacted by his own companies.

Mark Zuckerberg’s love for combat sports concerns Meta

Zuckerberg has forthrightly expressed his love for combat sports such as MMA and extreme sports such as hydrofoiling.

Meta in its financial report stated that, the CEO’s interest in adventures and fight games is not only a personal risk but also a potential hazard for the investors.

Trademark infringement: Rolex sues WatchStyler

The trademark of the luxury watch brand on the counterfeit watches and the materials that were used in their manufacturing are inferior, asserts Rolex. The brand went on to state that Watchstyler knowingly used these spurious designations. (Image source: Unsplash)

The trademark of the luxury watch brand on the counterfeit watches and the materials that were used in their manufacturing are inferior, asserts Rolex.

Karnataka government announces uniform fares for all cabs

For vehicles priced below 10 lakh rupees, the minimum fare is set at 100 rupees for travel up to 4 kilometres, with an additional charge of 24 rupees for each extra kilometre travelled. (Representative image by Waldemar via Unsplash)

Based on the cost of the vehicle, they will be classified into three categories according to the Transport Department’s new fare structure.