Federal investigative agencies in India have been requested by Indian entrepreneur BR Shetty to investigate two former top executives of his companies and two Indian banks in relation to a financial scandal engulfing his group that could run into millions of dollars. Shetty filed a complaint with the agencies in relation to investigating a number…
The old dual-headed structure of Unilever, which has been in existence for the last 90 years, will now be converted to a single London-based headquarters after the shareholders of the Anglo-Dutch consumer goods company approved of the change. The company said that more than 90 per cent of the shareholders supported the change. The shareholder…
In order to help companies using its digital marketing software to better he penetration of their marketing campaigns, a new set of artificial intelligence (AI) tools have been put into the software, Adobe announced. According to analysts, companies use such software as is provided by Adobe for running digital marketing campaigns with software helping companies…
In a statement U.S. gaming platform Roblox Corporation said, it has confidentially filed for a IPO with the Securities and Exchange Commission. The development could potentially see the company doubling its recent valuation of $4 billion. Roblox did not respond to requests for comments on whether it has selected the traditional route for its IPO…
On Tuesday, in a significant development, central banks have said, they are set to regulate cross-border stablecoins, including Facebook’s Libra, with a common approach; they also mentioned that more rules may be introduced later to ensure market stability. The prospect of a currency-backed stablecoin being used by billions of people on Facebook has galvanized central…
According to sources with knowledge of the matter at hand, Revolut, a digital banking app plans on applying for a bank charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions within weeks. Although Revolut’s bank charter will be with California, it will allow the lender to operate widely throughout…
After entering the Indian market 20 years ago, United States based iPhone maker Apple has just now started to sell directly to customers of the market. On Wednesday, its online store was launched by Apple in India which marked a very important move by the company in one of the largest economies of the world.…
A study conducted on millions of tweets have found that anti-vaccination content generated by bots are rarely retweeted by Twitter users which suggests that there are some serious limitations in the use of bots in spreading vaccine misinformation. The role of bots was apparently found to be ineffective with respect to efforts to influencing discourse…
In a statement, Twitter Inc and Facebook Inc said, they had taken down more than dozen disinformation networks used by state-backed groups and political entities in multiple countries to deceive users on their platforms. As part of that effort, they had identified and suspended more than 3,500 accounts between them, which used fake identities and…
In a statement Apple Inc said, it plans on extending its free Apple TV+ subscriptions through February; initially they were set to end within the next three months. Earlier had bundled its 1 year free subscription to its video-streaming service, which debuted commenced in November 2019 featuring shows such a Jennifer Aniston’s “The Morning Show”…
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