Introduction: Staying updated with the latest business news is crucial for professionals and entrepreneurs to make informed decisions. In this blog post, we will be discussing the top six business news updates from the past week. These updates include tech layoffs by big technology giants, acquisition of Credit Suisse by UBS, Meta exploring plans for its own text-based social network, Bisleri’s leadership change, India Post partnering with Shiprocket, and the introduction of a subscription service for the blue check mark on Instagram and Facebook.
1.Layoffs by big technology giants in the US expected to benefit the Indian IT sector:
The first news update talks about how layoffs by big technology giants in the US are expected to benefit the Indian IT sector. According to Nitesh Banga, President & CEO of GlobalLogic, this move will bring more work to India and increase the demand for skilled professionals. This news is significant for the Indian IT industry, which is already experiencing growth due to the increasing demand for digital transformation.
2.UBS acquires troubled competitor Credit Suisse:
The second news update is about UBS acquiring troubled competitor Credit Suisse for around $3.25 billion. This deal was orchestrated by regulators to avoid further market-shaking turmoil in the global banking system. The acquisition will help UBS expand its market share and strengthen its position in the investment banking sector.
3.Meta explores plans for its own text-based social network:
The third news update talks about how Meta is exploring plans for its own text-based social network similar to Twitter. This move comes as no surprise as Meta has been looking for new ways to expand its user base and revenue streams. The new social network called “P92” will allow users to sign in with their Instagram logins, and Meta hopes to harness all Instagram users’ data to improve the product even if they don’t use the new social network.
4.Bisleri’s leadership change:
The fourth news update is about Bisleri International chairman Ramesh Chauhan’s daughter Jayanti Chauhan taking over the bottled water company after Tata Consumer Products Ltd (TCPL) withdrew acquisition talks. This leadership change is significant for Bisleri, which is one of the leading bottled water companies in India. Jayanti Chauhan’s appointment as the CEO is expected to bring in fresh ideas and innovations to the company.
5. India Post partners with Shiprocket:
The fifth news update talks about India Post partnering with logistics aggregator Shiprocket to enhance its last-mile delivery services for various E-commerce products. This partnership will help India Post expand its reach and provide better delivery services to its customers. It is also expected to boost the growth of the E-commerce industry in India.
6.Introduction of a subscription service for the blue check mark on Instagram and Facebook:
The sixth news update is about the introduction of a subscription service for the blue check mark on Instagram and Facebook. The subscription service was initially introduced last month in Australia and New Zealand. It costs $11.99 per month on the web and $14.99 per month for mobile, and it allows users to add the blue check mark to their Instagram and Facebook accounts. This service is significant for influencers and businesses who want to increase their credibility on social media.
Conclusion:
Staying updated with the latest business news is crucial for professionals and entrepreneurs to make informed decisions. In this blog post, we discussed the top six business news updates from the past week, including layoffs by big technology giants, acquisition of Credit Suisse by UBS, Meta exploring plans for its own text-based social network, Bisleri’s leadership change, India Post partnering with Shiprocket, and the introduction of a subscription service for the blue check mark on Instagram and Facebook. These updates are significant for their respective industries and are expected to have a significant impact on the global business landscape.
