Govt open to the idea of multiple e-gaming SROs

However, the govt may put in place strict rules on legal responsibilities of the self-regulatory bodies.

from Tech-Economic Times https://ift.tt/21Vr7jA

Amazon to lay off staff in US, Canada and Costa Rica as it plans to cut 18,000 jobs

The layoffs are the latest in the US technology sector, with companies cutting their bloated workforce and slashing costs to reverse pandemic-era excesses and prepare for a worsening global economy.

from Tech-Economic Times https://ift.tt/tbmV9xY

GoMechanic cofounder admits to financial misreporting; firm to fire 70% employees

The due diligence brought to the fore issues like fictitious garages, selective payments to certain garage units and overall inflated revenue and user metrics in the Sequoia Capital and Tiger Global-backed startup.

from Tech-Economic Times https://ift.tt/IF7fbVS

Delhi HC restrains Ashneer Grover from creating 'interest' on Bhavik Koladiya's disputed shares

Koladiya has filed a suit to reclaim the disputed shares, saying Grover has not paid for the shares as per the agreement.

from Tech-Economic Times https://ift.tt/3CUnrvB

Apple gets a boost in India as Chinese suppliers given clearance

About 14 suppliers are receiving green light from India, after Apple named them as companies whose services it needs to increase its presence in India, the people said. While the vast majority of Apple products are still assembled in China, the company has in recent years started making more of them in India through Taiwanese partners.

from Tech-Economic Times https://ift.tt/TlRe6kg

Microsoft to cut thousands of jobs across divisions: reports

The expected layoffs would be the latest in the US technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook.

from Tech-Economic Times https://ift.tt/oVjMLQl

Coffee firm Blue Tokai has $30 million in new raise

The Gurugram-based company’s latest capital raise comes on the back of other new age specialty coffee firms also drawing increased consumer and investor interest.

from Tech-Economic Times https://ift.tt/WTJAel0