Online lender Social Finance, which is currently investigating claims of sexual harassment by employees, said on Friday its chief executive, Mike Cagney resigned, effectively immediately. The company had said on Monday that Cagney would stay on as CEO until a successor was found. Executive chairman Tom Hutton will become interim chief executive officer, the company said on Friday. Cagney’s resignation comes after the San Francisco-based company known as SoFi launched an investigation this month into claims that current and former employees were sexually harassed at work. In a note to employees on Monday night, Cagney said “a combination of HR-related…
Author: Loknath Das
SHANGHAI (Reuters) – Chinese authorities have ordered Beijing-based cryptocurrency exchanges to stop trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations as of Friday, according to a government notice. The notice was signed by the Beijing city group in charge of overseeing internet finance risks and circulated online. A government source verified it to Reuters. Platforms should also tell the government by Wednesday Sept. 20 how they will allow users to make withdrawals in a risk-free manner and…
Dehradun: Enthused by the success of its pilot project on operationalising an early earthquake warning system in Uttarakhand, IIT Roorkee is planning to deploy the first-of-its-kind system across all seismic-prone major cities of the north India. This project in India is part of the overall research being conducted by the institute in the field of earthquake engineering and is an extension of the pilot project undertaken in the Himalayan region. As a pilot, which started in 2015, IIT Roorkee was the first institute to deploy 84 sensors in seismic gap region of the Garhwal Himalayas in Uttarakhand with the help of…
Back when HTC launched its U11 smartphone, we mentioned that its Edge Sense feature sounded gimmicky but was found to be useful in performing certain functions. At the time, we felt that the feature was still on a rather restricted side but it seems like this complaint might be going away now. HTC has now updated its Edge Sense app to allow users to assign per-app squeeze functions to increase the utility of the feature further. The Verge reports that HTC has started rolling out the beta update for the Edge Sense app for Android. As mentioned earlier, with this update, users can assign per-app squeeze functions to…
The Telangana State Public Service Commission (TSPSC) has issued a notification for the recruitment of approximately 68 child development project officers (CDPO)/additional child development project officers in women development and child welfare department of the state on its official website. Interested and qualified candidates need to apply online through the proforma application, which will be made available on commission’s website. The application can be submitted between September 18 and October 16. The dates of the written examination (objective type) will be announced later and the hall tickets can be downloaded seven days before the exam begins. The examination will be either…
Paytm Payments Bank (PPB) has partnered with the National Payments Corporation of India (NPCI) to launch a RuPay-powered digital debit card. With the PPB Digital debit card, customers will now be able to transact at all merchants who accept credit and debit cards. The RuPay-powered digital debit card will be issued to all customers who have opened their bank accounts with PPB. Existing Paytm users need to complete a KYC process to become an account holder with PPB. Following this, they will be issued a free digital RuPay card. This debit card will come with a free insurance cover of up to…
Amazon on Monday announced it has created more than 22,000 seasonal employment positions across its India network this festive season. The e-commerce giant said the employment positions have been created at its fulfilment centres, sortation centres, delivery stations and customer service sites. These positions have been created in Mumbai, Delhi, Hyderabad, Chennai, Bengaluru, Ahmedabad and many other cities across the country, it said in a statement in Mumbai. “In our effort to provide a seamless shopping experience, we are excited to announce that we are enhancing our teams significantly with two times the number of associates working in the Amazon fulfilment…
Following the launch of add-ins for Outlook on iOS, Microsoft is rolling them out for Android customers with Outlook.com and Office 365 commercial email accounts. The launch will bring several add-ins from iOS to Android including Evernote, Microsoft Dynamics 365, Microsoft Translator, Nimble, OnePlaceMail, Outlook Customer Manager, Smartsheet and Trello, Engadget reported on Monday. The company will also launch new add-ins for Outlook such as Wrike, JIRA, MeisterTask, Gfycat and MojiLala across web, Windows, Mac, iOS and Android platforms. “Wrike, JIRA and MeisterTask are software made for teams which make responding to work emails faster and easier on the go,” the report added. Gfycat and MojiLala will…
Facebook would really like you to upload videos on its social network. So much so that instead of taking down videos that have unauthorised content from artists, the company is reportedly paying music labels and other right holders a lot of money to turn a blind eye to it. Under the law, right holders of videos must ask Facebook to take down copyright infringing material. But why take it to court, when you can settle it outside, or so is the thinking of right holders and Facebook, according to Bloomberg. The publication claims that Facebook is paying hundreds of millions of dollars to avoid…
Figures Facebook gives advertisers about its potential reach differ from US census data, an investment analyst said on Tuesday, renewing questions about how tech companies verify the value of their digital marketing space. Facebook, Alphabet Inc’s Google and other Internet companies have faced persistent scrutiny from advertisers about how many people watch ads online and how to measure their views. Facebook’s ad-buying website tells advertisers that the world’s largest social network has a potential reach of 41 million 18 to 24 year olds in the United States, whereas US census data shows that last year there were 31 million people living in the country…