Twitter loses legal indemnity due to non-compliance of new IT rules
Microblogging platform Twitter has lost its legal indemnity in India because of its failure to comply with the new IT rules. The new rules required social media platforms to appoint key officers in the country. The loss of indemnity was highlighted on Tuesday after a case was filed against the social media giant over a viral video.
Bank of Baroda to offer flexible working model to employees
State-owned Bank of Baroda (BOB) is working towards providing a flexible working model to its employees aimed at striking a work-life balance and productivity enhancement in the long run. The work environment went through a sea change during the pandemic and employees are able to work from home and office, the bank said in its annual report for 2020-21.
Antitrust watchdog to expedite probe on Amazon, Flipkart as tech focus gains momentum
India's antitrust watchdog plans to expedite a restarted probe into allegations of anti-competitive behaviour at Amazon.com Inc and Walmart Inc's Flipkart, as it intensifies scrutiny of big-tech firms. The Competition Commission of India (CCI) initiated a probe in January last year on the basis of a complaint alleging Amazon and Flipkart promoted select sellers on their e-commerce platforms and that deep discounts stifled competition.
Elon Musk is selling his 'last remaining house'
Tesla chief Elon Musk has said that he wants to sell his "last remaining house". He said it is a special place and needs to go to a large family who will live there. This tweet comes after he said last week that he has only one house in the San Francisco Bay Area, which has been rented out for events. The SpaceX CEO announced his plans to sell his homes and possessions last year.
China's top virologist Shi Zengli denies COVID-19 lab leak theory
Top bat coronavirus researcher at Wuhan Institute of Virology Shi Zengli has denied the lab leak theory amid calls for probe into the origin of COVID-19. For a while, there has been a theory doing the rounds that the virus was leaked from the WIV lab. Zengli was upset at the "filth" being poured on an "innocent scientist" and said that there is no evidence to prove the theory.
ICICI Bank raises Rs 2,827 crore by issuing bonds
ICICI Bank said on Tuesday that it raised Rs 2,827 crore by issuing bonds on a private placement basis. This comes after the lender's board of directors approved fundraising through issuance of debt securities in April.
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