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Category: Stories

Dream11 Raises Rs. 1600 Crore At $2.5 Billion Valuation

September 14, 2020 OfficeChai Team

A week before the IPL is to begin, its new title sponsor has managed to raise a tidy sum of money. Dream11, which…

Silicon Valley Companies Are Introducing Pay Cuts For Employees Who Choose To Work Remotely From Smaller Cities And Towns

September 13, 2020October 19, 2020 OfficeChai Team

When tech workers had first realized that remote work was going to be the new normal, the possibilities had seemed endless — it…

China Would Prefer That TikTok Shut Down Than Sell US Operations: Report

September 12, 2020 OfficeChai Team

Donald Trump had thought that by forcing TikTok too sell its operations to a US company, it would stymie China’s efforts to steal…

Reliance Could Sell Up To 40% Of Stake In Retail Arm To Amazon, Stock Jumps 7%

September 10, 2020 OfficeChai Team

At this point, Reliance isn’t just India’s premier telecom and retail company. It now seems to be positioning itself to become the gateway…

Govt Looking To Create Online Delivery Platform For Street Food Vendors: PM Modi

September 9, 2020September 9, 2020 OfficeChai Team

India’s food-tech sector has been routed by the coronavirus — nearly 10 percent of restaurants have already shut down, and another 30 percent…

Netflix CEO Reed Hastings Calls Remote Work “A Pure Negative”, Says People Will Return To Offices After Lockdown

September 8, 2020 OfficeChai Team

All manner of companies and startups have been embracing the remote work concept that was necessitated by the coronavirus lockdowns — tech giants…

Vodafone And Idea Launch New Merged Entity “Vi”

September 7, 2020 OfficeChai Team

India’s telecom sector has a brand new name added to its roster — Vi. Vodafone and Idea have named their merged entity “Vi”. The announcement…

Softbank Was The “Nasdaq Whale” That Caused Rally In US Tech Stocks By Buying Options: Report

September 5, 2020September 5, 2020 OfficeChai Team

Softbank has often been thought of responsible for pumping up the valuations of Indian startups — by buying up large stakes in companies…

Paytm’s Losses Narrow 37% In FY19, Revenue Rises By 1.4%

September 4, 2020 OfficeChai Team

Indian startups are beginning to rein in their losses, which had been spiraling out of control for the longest time. Paytm has narrowed…

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