Tag Archives: Plans

Oyo plans job cuts amid worries over aggressive expansion plan

In the past month, homegrown hotel startup Oyo has replaced the chief executive officer of its new real estate business, received a host of complaints from hotel partners and witnessed the exit of a joint venture partner in the home market of its largest investor, SoftBank. Now, Oyo plans to cut jobs in India to reduce costs ahead of an expected slowdown ... Read More »

Nissan plans job cuts, where will axe fall in India?

CHENNAI: Japanese automobile giant Nissan Motor Corporation’s announcement of plans to cut over 12,500 jobs globally has provoked intense speculation in the country on where the axe will fall in its Indian operations. While in their announcement made on Thursday, Nissan has not listed the 14 sites or locations where it will cut the jobs, there are reports circulating that 1,700 jobs will be lost ... Read More »

Government Plans To Boost Tourism, Travel In Budget: Report

The move could add to a domestic tourism boom in the world’s second most populous nation New Delhi: The government is planning to cut taxes on travel and tourism in next month’s Union Budget and give more incentives to the $210-billion sector, government sources said, hoping to boost economic growth and create more jobs. The move could add to a ... Read More »

SenseTime Plans IPO, US R&D Centre as Early as 2018

HIGHLIGHTS SenseTime says it is planning an IPO next year Qualcomm recently invested in the Chinese company SenseTime says its R&D centre will help work with partners Chinese artificial intelligence (AI) startup SenseTime Group, valued at more than $2 billion, is planning an IPO and aims to open a US research and development centre as early as next year, its founder ... Read More »

Southampton plans job losses within chemistry department

As part of its long-term strategy, the University of Southampton in the UK has announced plans to reorganise its existing eight faculties into five, and make cuts of 50–75 employees through voluntary severance schemes in six academic areas. The areas facing job losses have not yet been publicly announced due to an ongoing internal consultation, but the university has confirmed ... Read More »

Leading gaming magazine criticises plans

Plans to give politicians power over Bermuda’s casino industry have come under fire from a leading international publication on gaming. An opinion piece in GGB News warned giving MPs control over the Bermuda Casino Gaming Commission would open the door to corruption and potentially undermine the integrity of the Bermuda Government. The article, published on Monday, was written by Roger Gros, publisher ... Read More »

Fox plans more 6-second ad slots, as digital influences television

Digital advertising hit a huge milestone this year: in the US, the Interactive Advertising Bureau (IAB) says that digital ad spend surpassed television ad spend for the first time ever. By most estimates, digital will overtake television on a global basis this year. As the balance of power shifts, the impact of digital is not only reflected in ad spend but in ... Read More »

Snapchat Plans Move Into Scripted Content by the End of the Year

HIGHLIGHTS Snapchat is likely to move into scripted content through its shows Snapchat is relying on its partners to finance video content Snap and Time Warner announced to produce shows in June Photo-sharing platform Snapchat is likely to move into scripted content through its shows by the end of year. A report in the Variety on Wednesday quoted Snapchat’s head of content ... Read More »

Nokia 9 FCC Listing Hints at HMD Global US Expansion Plans

Nokia 9, which has previously been spotted with the codename ‘HMD Global TA-1004’ on benchmark websites as well as on a leaked official teaser video, has now made an appearance on the FCC website. The FCC listing is a significant development since this means HMD Global – the custodians of the Nokia mobile phone brand – is looking to launch ... Read More »

Tim Cook on Apple’s Plans to ‘Invest Significantly’ in India, Retail Stores, and Demonetisation

Apple reported strong holiday quarter earnings on Tuesday with both revenue and iPhone unit sales at record levels, and the profit just shy of the record numbers seen in the same quarter last two years. Revenues from all markets except China were at an all-time high as well, and this strong showing by Apple was also reflected in its India ... Read More »