The Bengaluru-based company, which has about 60 million monthly active users (MAUs), has also stepped up efforts to weed out misinformation around COVID-19. Video consumption has also increased by 15% from approximately 23 billion video plays previously. According to App Annie, Sharechat clocked 14 million daily average users between August 2019 and January 2020.
NASSCOM former president R Chandrashekhar said the work-from-home systems being adopted by several firms across the globe, including India, may have a negative impact on the industry in the short-term, but in the long run it would change the work culture which hitherto was not experienced by many of the IT firms in India.
The government has been reaching to various public and private companies to promote the application which alerts users if they are at risk of coming in contact with Covid-19 positive person.
The technology will first be available in mid-May as software tools available to contact tracing apps endorsed by public health authorities.
The e-commerce sector cumulatively clocked sales of $32 billion last year. “The economic impact of these three weeks itself will take about three months to recover,” said a partner at a growth-stage investment firm requesting anonymity.
Tech M, in a regulatory filing on Friday, said the Zen3 Infosolutions transaction is now expected to be closed by April 15, and USD 35 million will be paid at closing with a deferred payment of USD 4 million to be paid over two years. The balance USD 25 million will be paid over three years linked to financial performance, the filing added.
The body requested the FM to allow expenses incurred by companies in enabling Work from Home (WFH) for its employees as an eligible business expense. Currently such expenses are classified as perquisites as a result of which employees are liable to pay tax.from Technology News, Latest Gadget Reviews, Gaming & Tech Videos | Times of India https://ift.tt/o3b1NzK
