Hate is public, love is private: Byju's; Dream11 will fine employees Rs 1 lakh if they disturb colleagues on holiday
Rupee is the worst-performing Asian currency in 2022
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Now back to the news 👇
Dream 11 to fine employees Rs 1 lakh if they disturb colleagues on holidays
Dream11 announces a policy called Dream 11 Unplug which is created specifically to allow employees to take their vacations without worrying about work-related emails, messages, or calls. Employees are permitted to disconnect from work and all job-related emails, texts, calls, and even their coworkers for a week under the new policy.
Hate is public, love is private: Byju’s
Byju’s is unfazed by the “negativeness” being spread about the edtech giant because the business and its management are aware of the “real truth,” said Byju Raveendran. The CEO added, “every week, we receive thousands of messages from our students, which they send us directly, sharing their love and gratitude.”
Swiggy launches premium grocery service Handpicked
Unlike Instamart, the quick commerce business, products listed on Handpicked will only be delivered the next day. Consumers can only access Handpicked through invites.
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Indian IT/BPM market drives adoption of low-code solutions, says Microsoft
Demand for low-code solutions in India is growing in line with global markets. Organizations are adopting digital solutions but are still facing a lack of technical talent. Charles Lamanna, Corporate Vice President of Microsoft’s Power Platforms Group, comments on the situation.
Study shows Apple Watch can accurately predict stress levels
Researchers at the University of Waterloo, Canada conducted a study to determine if the Apple Watch Series 6's ECG sensor can accurately predict stress levels. The study found a close association between ECG data and participants' reported stress levels.
Jeff Bezos calls work-life balance ‘debilitating phrase’
Jeff Bezos believes that work-life balance is a “debilitating phrase”. He encourages Amazon employees to not view work and life as a trade-off. He believes that work and life should be seen as a circle.
Amazon loses half its value as tech stocks suffer and recession fears increase
Amazon’s shares have dropped by 51% this year. This has wiped hundreds of billions of dollars off its market cap. Tech stocks have been affected, leading to a decrease in Amazon’s value. Recession fears have grown, contributing to the decline in Amazon’s value.
Indian govt announces increase in interest rates for small deposits
Government announces an increase of 1.1 percentage points to the interest rates on small deposits. Interest rates on Public Provident Fund (PPF) and the girl child savings scheme Sukanya Samriddhi remain unchanged.
Centre to launch Digital India Innovation Fund to promote deep-tech startups
Government to launch Digital India Innovation Fund to promote deep-tech startups. Minister made these comments during his address to over 1,000 college students in Kerala.
Rupee ends 2022 as worst-performing Asian currency
The rupee ended the year at 82.72 to the U.S. currency, down from 74.33 at the end of 2021. The dollar index was headed for its biggest yearly gain since 2015. The rupee was the worst-performing Asian currency in 2022.
VC funding for startups declines 30% in 2022
As per data from Venture Intelligence, Indian new-age startups raised $23.95 billion across all stages as of December 28 this year, down from the previous year’s $35.46 billion. This year, VCs invested $5.40 billion in seed and Series A deals, a 44% increase from $3.74 billion in 2021.