Better.com CEO apologizes after laying off 900 employees via Zoom call
Vishal Garg, who has come under intense criticism after the SoftBank-backed company laid off about 9% of its workforce through the video call, said he had "blundered the execution" of communicating the layoffs.
U.S. Senators go after head of Instagram over how platform can harm children
News/World: The head of a U.S. Senate panel examining social media's negative effects on young people has dismissed as "a public relations tactic" some safety measures announced by Instagram, the popular photo-sharing platform associated with Facebook.
'IKEA malls biz to invest around $928m in India'
The malls division of Swedish furniture giant IKEA will invest around Rs 7,000 crore ($928 million) in two centres it plans to build on the outskirts of New Delhi, a top executive said on Wednesday. IKEA's malls business, one of the world's biggest, said it was building two centres - malls that are anchored by its stores - in Gurugram and Noida, two large cities on the periphery of the Indian capital.
Overarching policy priority now is supporting growth, says RBI governor
Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday defended the central bank's more-than-anticipated dovish stance wherein the MPC unanimously voted to continue with an accommodative policy, saying "our overarching policy focus and priority now is supporting growth" amid the threat of a third wave of Covid-19 and the legroom a cooling inflation print offers.