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Sunday, 7 March 2021

Oyo-Zo Rooms case: Arbitrator says Oyo bound by term sheet with Zo

Although the Oyo-Zo Rooms deal failed to fructify, the arbitrator said that Zostel Hospitality was entitled to claim relief in the form of allotment of shares from Oyo’s parent company Oravel Stays.

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Ola wants to be the Tesla of low-cost EVs

Ola wants to own the entire value chain—from engineering, manufacturing and sale of electric vehicles (EVs)—beginning with electric two-wheelers and then small electric cars.

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Western Digital expects surveillance, gaming to drive growth in India

The massive growth in content and data consumption has created demand for products in every segment in India, Western Digital’s India sales director Khalid Wani says.

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Saturday, 6 March 2021

Twitter founder Jack Dorsey's auction of a tweet draws $2 million bid

The top bid Saturday for Dorsey's tweet -- $2 million -- came from Justin Sun, the founder of TRON, a platform for blockchain, the technology underlying cryptocurrencies. He also heads the BitTorrent streaming platform.

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US agency probes Facebook for 'systemic' racial bias in hiring, promotions

A 'systemic' probe means the agency, the Equal Employment Opportunity Commission, suspects company policies may be contributing to widespread discrimination.

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New-age Indian tech companies are using cryptocurrency for pay, perks

There are two approaches taken by employers. One is to register their entities in crypto-friendly nations and pay their employees in cryptocurrency to avoid any legal or tax hurdles. The second is to record the payment as a rupee transaction in their books, but to facilitate the conversion of the rupee into cryptocurrency.

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Antivirus software pioneer McAfee charged by US with cryptocurrency fraud

McAfee and his bodyguard Jimmy Gale Watson Jr were charged for a scheme to exploit McAfee's large Twitter following by publicly touting cryptocurrency offerings and digital tokens that they later sold once prices rose on the promotions, according to the U.S. Department of Justice and the U.S. Commodity Futures Trading Commission.

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