Industry

Facebook to start removing misinformation about Covid vaccines

With vaccines against Covid-19 on the verge of being rolled out around the world, Facebook said it will start removing false claims about the immunizations that have been debunked by public health experts

SBI YONO app faces system outage, restoration underway, says bank

• 'We regret the inconvenience caused and request customers to use OnlineSBI and YONO Lite for their banking needs,' SBI says
• On Tuesday, several customers of SBI took to social media to complain about technical glitches leading to transaction failures

Cloud, cybersecurity, and modernization will power digital biz models: Infosys

• Research revealed that numerous organizations have accelerated the adoption of automation, digital business models, and the hyper-scale cloud to respond to customer needs quickly and competitively

Outsourcing budget in digital, cloud to increase in 12-18 months: Nasscom

• IT service providers must reprioritize their offerings to play in covid-19 resilient areas which are in high demand as enterprises are embracing digital

Mumbai NCLT approves Jio's resolution plan for Anil Ambani's Reliance Infratel

• According to the plan approved by lenders, RCom and its subsidiary RTIL will go to UV Asset Reconstruction Company Ltd whereas the tower unit, Reliance Infratel, will go to Jio

Christopher Nolan's 'Tenet' to be litmus test for Indian film business

• That expectations are high from the film is clear from the fact that it had sold around 25,000 tickets over the last weekend when advance booking had started and is estimated to make anything between Rs3 crore and Rs5 crore on its opening day

For big oil companies, coffee and chocolate could be the new black gold

Under pressure from investors and governments alike to cut emissions, major European oil companies are ploughing billions into renewable energy but are struggling to craft business plans that promise the returns shareholders have come to expect

Centre explores legal recourse to HC stay on Chandigarh discom privatisation

• Chandigarh discom sale marks the start of India’s efforts to privatise the electricity discoms of its Union territories as part of its next generation power sector reforms

Airtel buys 4.9% stake in Bharti Infratel for ₹2,882 cr

• Prior to the acquisition, Bharti Airtel and Nettle Infrastructure held 23.04% and 13.69%, respectively, in Bharti lnfratel

Focus on surplus liquidity with rate cut seen remote

• Some experts also believe that instead of squeezing out the liquidity, RBI could tread the middle path by fixing the floor price on overnight rates that have fallen to record lows

Fossil fuel production far exceeds climate targets: UN

Some of the largest fossil fuel producers in the world, including Australia, China, Canada and the United States, are among those pursuing major expansions in fossil fuel supply

India’s quest to fix its payments puzzle

• Amid suspicion about foreign firms and a new 30% market share cap in UPI, fintech is headed for upheavals
• The recent moves have evoked analogies with the licence raj and prove how vexatious internet regulation in India is becoming. Critics say the 30% cap is arbitrary

Hiring sentiments to improve in October-December quarter:Report

• Large IT companies including Wipro, Infosys, HCL and TCS are likely to hire 66,000 freshers in the fiscal year

IT firms eyeing hybrid work model: Nasscom president

• There's also the benefit of enabling people whether it is your gender or any other special needs, disabilities, where you could not go to work but have the ability to do so

US court ruling against H1B visa norms offers relief to American IT cos, workers

• The new rules, now invalid, would have dramatically reduced US businesses’ ability to hire skilled foreign workers and would have irreparably injured companies

Farmers protesting at Delhi's Singhu border say prepared for long haul

• The farmers, who have come from the neighbouring states of Punjab and Haryana, start their day with a bath at petrol pumps, where they also wash their clothes

Potato price set to ease below ₹40 in a few days

• The wholesale rates of different varieties at the cold storage gate has dipped by ₹5 per kg in the last three days and is likely to come down further to around ₹28

Middleman matters: Behind Indian protests against farm reforms

• The farmers say they have enough flour, potatoes and other provisions to stay put for six months if Prime Minister Narendra Modi does not meet their demand

India to see $66 billion investment in gas infrastructure

The government is targeting raising the share of natural gas in its energy basket to 15% by 2030 from the current 6.3%

Global bank job cuts reach five-year high 

Banks around the world have announced the most job cuts in five years as the pandemic adds further pressure to business models upended by the digital revolution