Read more about the article Freshworks Cuts 660 Jobs in Global Restructuring to Boost AI and Customer Experience
Business / Science / Technology

Freshworks Cuts 660 Jobs in Global Restructuring to Boost AI and Customer Experience

Freshworks is laying off 660 employees, about 13% of its workforce, as part of a global restructuring aimed at improving efficiency and aligning with key business goals. The changes, which should be completed by December 2024, will cost the company between $11 million and $13 million. The company plans to focus on Employee Experience (EX), AI, and Customer Experience (CX), offering severance and career support to affected employees.

By Avi G
November 7, 2024
Read more about the article Fintech Companies Face Government Action Over Unauthorised PAN Card Access
Politics / Business / Technology

Fintech Companies Face Government Action Over Unauthorised PAN Card Access

India has ordered fintech companies to stop using PAN cards without permission to create customer profiles or access personal information. This move, led by the Indian Cybercrime Coordination Centre (I4C), comes in response to growing concerns over the misuse of PAN data and follows the Digital Personal Data Protection Act, 2023. The goal is to protect citizens' data and ensure that companies get proper consent before using personal details.

By Vishal Kumar
November 6, 2024
Read more about the article The Hidden Dangers of Early Retirement, According to Zerodha Founder Nithin Kamath
Business

The Hidden Dangers of Early Retirement, According to Zerodha Founder Nithin Kamath

Zerodha founder Nithin Kamath warns that the Financial Independence, Retire Early (FIRE) movement overlooks hidden costs. While saving aggressively is important, Kamath points out the financial and emotional challenges of retiring early. He also suggests that the formula for building a nest egg might not be realistic because of rising future expenses, emergencies, and the psychological effects of early retirement.

By Avi G
November 6, 2024
Read more about the article Amazon to Require Full-Time Office Attendance: Workers Told to Leave if Unhappy
Politics / Business / Technology

Amazon to Require Full-Time Office Attendance: Workers Told to Leave if Unhappy

Amazon is requiring employees to work from the office five days a week starting in January. AWS CEO Matt Garman said that in-person collaboration is crucial for innovation. Employees who don’t want to return to the office are encouraged to find another job. While some workers are on board, many are frustrated by the added commute time and stress, questioning if it’s more effective than remote work.

By Avi G
November 6, 2024
Read more about the article Three Dead as Bullet Train Bridge Crumbles in Gujarat’s Anand District
Politics / Business / Science

Three Dead as Bullet Train Bridge Crumbles in Gujarat’s Anand District

Three labourers lost their lives after a bridge under construction for the bullet train project collapsed in Anand, Gujarat. The fire department managed to rescue two workers, but one died later in the hospital. An investigation is underway to figure out what caused the collapse. The bridge is part of the Mumbai-Ahmedabad Bullet Train Project, designed to connect the two cities with high-speed rail.

By Avi G
November 6, 2024
Read more about the article Wine Merchants Demand Action as Karnataka Excise Minister Faces Corruption Allegations
Politics / Business

Wine Merchants Demand Action as Karnataka Excise Minister Faces Corruption Allegations

The Karnataka Wine Merchants’ Association has accused state Excise Minister RB Thimmapur and his department of widespread corruption, including bribery for officer transfers and the illegal issuance of liquor licenses. A letter sent to top officials claims that Rs 16 crore was collected for transfers and that up to 1,000 illegal licenses were granted, generating hundreds of crores in corruption.

By Avi G
November 5, 2024
Read more about the article Andhra Pradesh Adopts Netherlands’ Gravity Canal System for Flood Control
Politics / Business / Science / Technology

Andhra Pradesh Adopts Netherlands’ Gravity Canal System for Flood Control

Andhra Pradesh’s capital city, Amaravati, is adopting the Netherlands' gravity canal system for flood control. The initiative, announced by the Capital Region Development Authority (CRDA), aims to prevent flooding by constructing gravity canal reservoirs. This project is part of a larger infrastructure upgrade, with the World Bank contributing Rs 15,000 crore, contingent on effective flood prevention measures. The CRDA is also inviting fresh tenders for various development projects.

By Vishal Kumar
November 5, 2024
Read more about the article IndiGo Co-Founder Rakesh Gangwal Becomes Southwest Airlines Chairman
Politics / Business / Technology

IndiGo Co-Founder Rakesh Gangwal Becomes Southwest Airlines Chairman

Rakesh Gangwal, billionaire and co-founder of IndiGo, has been named the new Chairman of Southwest Airlines. Gangwal, who joined the airline's board in July, also bought $108 million worth of Southwest shares. His appointment comes after Southwest settled its issues with Elliott Investment Management, one of its biggest shareholders. Gangwal plans to work with the airline’s management team to improve its financial performance.

By Avi G
November 5, 2024

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