Business

India’s unicorn startups are more like workhorses

India’s four largest unicorn startups are in the areas of online payments, e-commerce, ride-hailing and education China has seen the rise of a few impressive billion-dollar startups. Bytedance Inc’s TikTok, for instance, is so ‘hip’ that it makes Snap Inc look like a company catering to your parents. Sensetime Group Ltd and Beijing Megvii Co are masters of creepily powerful ... Read More »

With Social Media, Everyone’s A Celebrity

On Facebook and elsewhere, we design self-flattering profiles, post status updates, upload photos of ourselves and get tagged in others’ uploads, labor to choose the right “25 random things about me,” which are, of course, not random at all. Video cameras are marketed with a one-touch-upload-to-YouTube function. It is not so much that everyone gets fifteen minutes of fame or ... Read More »

‘How could a soldier refuse job given by General’: Amarinder Singh on Navjot Sidhu

Punjab CM Captain Amarinder Singh said if his minister Navjot Singh Sidhu did not want to do his job, there was nothing he could do about it.(Sanjeev Sharma/HT Photo) Punjab Chief Minister Captain Amarinder Singh on Monday said if his minister Navjot Singh Sidhu did not want to do his job, there was nothing he could do about it. This came hours ... Read More »

Huawei planning major job cuts in US: Report

Chinese telecoms giant Huawei, which is subject to US sanctions over concerns about its ties to the government in Beijing, is planning to make major job cuts at its US operations, The Wall Street Journal reported. The layoffs are expected at Huawei’s US-based research and development arm, Futurewei Technologies, the paper reported, citing unnamed people familiar with the situation. The ... Read More »

India’s first ever LGBTI job fair in Bangalore offers over 250 jobs

An LGBTI job fair, billed by organisers as the first such event in India, attracted more than 250 people on Friday looking for employment with companies including Intel, Goldman Sachs and Uber. The event in the southern city of Bengaluru comes after India’s Supreme Court overruled a law banning homosexuality in 2018, which the organizers said now enables companies to ... Read More »

Store cashiers: Another job role waiting to fade off?

A sale season would mean hundreds rushing into retail outlets to buy products. With each departmental store having an average of three cashiers, it would often be a serpentine queue to buy a product. However, a noticeable trend over the past four to five years is that, on one hand, the number of people queuing up is going down while ... Read More »

Twitter goes down during White House social media summit

Twitter appeared to be down for a large number of users across the United States on Thursday. The company confirmed the issue to The Verge, saying, “We are currently investigating issues people are having accessing Twitter. We’ll keep you updated on what’s happening here.” The outage, which began around 2:40PM ET, took place as conservative activists gathered at the White House to complain about ... Read More »

Job cuts in Deutsche Bank: From NYC to Bengaluru, employees’ careers end in an envelope, a hug and a cab ride

A Deutsche Bank employee in Bengaluru told Reuters that he and several colleagues were told first thing that their jobs were going. (Reuters) Summoned by HR to be handed a Deutsche Bank envelope, many of its staff across the world then left their desks for the last time on Monday, shown the door by their German employer within hours of ... Read More »

Deutsche Bank axes whole teams in Asia-Pacific as 18,000 job cuts begin

As part of the overhaul, the bank will scrap its global equities business and also cut some of its fixed income operations Whole teams in Deutsche Bank’s Asian operations were told their positions were gone on Monday, as the lender began axing 18,000 jobs globally in one of the biggest overhauls to an investment bank since the aftermath of the ... Read More »

Startups get major boost in Budget 2019

Bengaluru: In a major boost to thousands of startups in India, the Narendra Modi-led National Democratic Alliance (NDA) government announced a host of incentives to “release the entrepreneurial spirit” in the words of India’s first woman finance minister, Nirmala Sitharaman. These include a TV programme exclusively for startups, easing foreign direct investment rules into startup segments like grocery, e-commerce and food ... Read More »