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Not the right way to do it: Pichai on laying off 12K Google workers

Dec 16, 2023

San Francisco, Dec 16 (IANS) After almost a year when Google announced the decision to cut 12,000 jobs, Alphabet and Google CEO Sundar Pichai has said that the decision to inform employees affected by the layoffs was "not the right way to do it". At an all-hands meeting held on Tuesday, Pichai was asked about the decision to lay off so many…

FPIs bought heavily in banking, IT stocks

Dec 16, 2023

New Delhi, Dec 16 (IANS) Chief Investment Strategist at Geojit Financial Services V K Vijayakumar on Saturday said that a major development in December has been that FPIs have heavily bought stocks in banking and IT segments. He said that…

Business

K’taka has potential to make 1mn chip designers in next 5 yrs: IT Minister Priyank Kharge

Dec 16, 2023

Belagavi (Karnataka), Dec 16 (IANS) Karnataka Information Technology and Biotechnology Minister, Priyank Kharge, said on Saturday that the southern state has the potential to prepare one million chip designers in the next five years across…

Business

US FTC looking into our subscription cancellation practices: Adobe

Dec 16, 2023

San Francisco, Dec 16 (IANS) The US Federal Trade Commission (FTC) is looking into Adobe’s subscription cancellation practices, the software giant has revealed. Since June 2022, Adobe has been cooperating with the FTC staff in response to a…

Business

OpenAI suspends ByteDance’s account over ‘secretly using’ its AI tech

Dec 16, 2023

San Francisco, Dec 16 (IANS) Microsoft-backed OpenAI has suspended Chinese internet giant ByteDance's account after a report said the TikTok's parent company is using OpenAI's technology to develop its own large language model (LLM) in the…

Business

Smart lighting brand Philips Hue’s parent firm plans job cuts to save $218 mn

Dec 16, 2023

New Delhi, Dec 16 (IANS) The Netherlands-based Signify, which owns smart lighting brands Philips Hue and WiZ, is restructuring in the face of "ongoing market volatility and uncertainty" that will trigger job cuts at the company. Signify…

Business

Apple to pay $25 mn to settle lawsuit over Family Sharing feature

Dec 16, 2023

San Francisco, Dec 16 (IANS) Apple has agreed to pay $25 million to settle a class-action lawsuit over its Family Sharing feature. The lawsuit, filed in 2019, alleged that “Apple misrepresented the ability to use its Family Sharing…

Business

PM Modi to inaugurate Surat’s diamond bourse on December 17

Dec 16, 2023

Surat, Dec 15 (IANS) Prime Minister Narendra Modi will inaugurate Surat's Diamond Bourse on December 17.This corporate office hub, estimated at Rs 34,000 crore, is poised to transform Surat into the diamond trading capital of the world,…

Business

GM to lay off 1,300 workers across 2 Michigan plants as vehicle production ends

Dec 16, 2023

Detroit, Dec 15 (IANS) Leading US car maker General Motors has announced it will lay off a total of 1,314 employees at two factories in Michigan as it wants to end production of certain vehicles in these plants with the promise of a…

Business

Govt eases ban on using sugarcane to produce alcohol, mills get breather

Dec 16, 2023

New Delhi, Dec 15 (IANS) The government on Friday decided to give more flexibility to sugar mills by allowing them to use both sugarcane juice and B-heavy molasses to produce ethyl alcohol provided the diversion of sugar for the purpose…

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