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India's ban on popular Chinese video app TikTok is resulting in "financial losses" of up to $500,000 a day for its developer, Beijing Bytedance Technology Co, and has put more than 250 jobs at risk, the company said in a court filing seen by Reuters.TikTok allows users to create and share short videos with special effects and is one of the world's most popular apps. It has been downloaded by nearly 300 million…

One of India's biggest FMCG company ITC has filed a case against Hotel Leelaventure at National Company Law Tribunal.In a regulatory filing at the exchange, Hotel Leela venture said that "ITC's has filed a plea against the company over "Oppression and mismanagement," which is expected to be heard on 24th April by Mumbai Bench of the NCLT.""ITC, along with the petition has also filed two application seeking a…

Twitter on Monday said it has appointed Manish Maheshwari as the Managing Director of its India operations. Last year, Taranjeet Singh had stepped down as the India Country Director and Balaji Krish was given charge of leading the country's operations in the interim period.Krish will return to Twitter global headquarters in San Francisco to resume his role as Global Head of Revenue Strategy and Operations at…

Jet Airways, an Indian airline company which has grounded for more than a month has announced that "One of its non-executive and non-independent director Nasim Zaidi has resigned from the board."In a filing at the exchange on Monday, Jet Airways said that "Nasim Zaidi has submitted his resignation from the post of non-executive and non-independent directors of the company with effect from April 21 due to…

India's growth trajectory holds immense potential for global stakeholders to establish energy, infrastructure, and technology collaboration with the country, a UN forum here has been told.Counsellor in India's Permanent Mission to the UN Ashish Sinha stressed on Wednesday at the ECOSOC Forum on Financing for Development Follow Up that India wanted to use growth as a mechanism to pull the maximum number of people…

A Mumbai based celebrity dermatologist backed luxury skincare startup Dr. Sheth's has secured Rs 4 crores in a series seed round funding from Mumbai Angels and others.Mumbai Angel Networks led the new round funding with few other investors where MA invested Rs 3 crores and Rs 1 crore from other investors.The company in its statement said that "Dr. Sheth's will use this new round funding for business…

Mozilla Corporation, a not-for-profit company behind the open source web browser Mozilla Firefox, wants Apple Inc to make users-tracking on iPhone devices more harder for advertisers to track the ads users click on, the videos users play or what type of apps the users install on the phones.Ashley Boyd, Vice President of Advocacy for Mozilla, in its blog post on Tuesday wrote that "It's like a salesperson…

The U.S. based micro-blogging site Twitter Inc on Thursday announced that "It has reported 45.6 million tweets on its platform during a first-month period ahead of the Lok Sabha election 2019, including 1.2 million tweets in the first day of the voting."The first phase of the #LokSabhaElections2019 has Twitter buzzing with conversation. 45.6M Tweets were recorded from India and across the globe.…

US Secretary of State Mike Pompeo on Friday defended sanctions on Venezuela and said the United States would not "quit the fight" in the socialist-run Latin American nation which is spiralling into deepening economic and political crisis.Pompeo is on a three-day trip to Chile, Paraguay and Peru, a clutch of fast-growing countries in a region where Washington's concerns are focused on China's growing presence as…

An India-based engineering company Thermax has announced that the company has acquired the complete stake of its joint venture partners in Thermax SPX Energy Technologies.In a filing at BSE, the company said that "It has acquired the complete stake of its joint ventures partners, which includes MUTARES HOLDING-24 AG, Germany and BALCKE-DUERR GmbH, Germany."Thermax SPX Energy Technologies Ltd (TSPX) is a…