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Uber Software executive Amit Singhal to resign due to Harassment Claims

Uber Technologies Inc. executive Amit Singhal resigned after the ride-hailing company learned of a sexual harassment allegation from his previous job at Google. Singhal stepped down just a month after joining Uber as senior vice president of engineering, where he oversaw software development, the company said. After he started on …

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Paytm extends offers to Ex-staffers Snapdeal and Stayzilla

With hundreds of employees being handed out pink slips by companies such as Snapdeal and Stayzilla, rival e-commerce firm Paytm is walking into the ring by offering generous job offers to laid-off staffers.  Paytm founder and CEO Vijay Shekhar Sharma tweeted: “Hello, Tech/Product people in Delhi NCR, feeling heat of …

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Weather Information Services are now Paid, Farmers charged Rs. 990!

Since the demonetization blunder, everyday there is a new issue popping up. Now the latest controversy that has  surfaced is that the farmers who have been issued with Kisan Credit Cards from State Bank of India have seemingly been charged Rs. 990 each towards a service that provides weather information. …

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Uber CEO Apologizes with Tears in His Eyes and addresses Company Culture

At a meeting open to all Uber Technologies Inc. employees on Tuesday, Travis Kalanick apologized for cultural failings at his company after a former employee alleged she was harassed and discriminated against while working there. Uber’s chief executive officer, at times with tears in his eyes, apologized for a lack …

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A costly mistake: 100% CEO Salary Cut and 600 Snapdeal Lay Offs

Snapdeal, the third-largest e-commerce player in India, will lay-off about 600 employees from the company including from its logistics (Vulcan) and payments (Freecharge) divisions over the next few days. In an email to employees on Wednesday, company co-founders Kunal Bahl and Rohit Bansal ceded that they had ‘made mistakes’ and …

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American Actress Lindsay Lohan claimed that she was racially profiled due to wearing a headscarf at London Airport

Hollywood actress and star of cult movies like Mean Girls and Freaky Friday, Lindsay Lohan has claimed that she was “racially profiled” at the London Heathrow Airport recently when she was going through a security checkpoint as she was wearing a headscarf. She was travelling from Turkey to the United …

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Trumpian Trouble: Why Have CEOs taken a stand ?

American companies have emerged as a force for social change in recent years and are among the most vocal critics of the new president’s executive order to temporarily ban migrants from seven Muslim-majority countries. In the days after Trump’s travel ban was issued, more than a dozen top executives at …

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The much anticipated new Rs. 1000 note to be introduced soon!

The Reserve Bank of India along with the Government have decided to introduce a new series of Rs. 1,000 currency notes very soon to replace the old notes of similar denomination which were banned following an order from the Prime Minister himself on November 8 as stated by a senior …

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Rs. 16,000 Crore Buyback Announcement, TCS Puts Pressure on Other Top IT Firms

The board of Tata Consultancy Services or TCS today announced a share buyback or repurchase programmme of up to Rs. 16,000 crore, sending the shares of India’s biggest outsourcer as much as 6 per cent higher. The share buyback, if successful, will be India’s biggest, surpassing Reliance Industries’ 2012 share repurchase of Rs. 10,400 …

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