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News on Medial
US on-site openings shrink for techies as IT hits pause button
Economic Times
·
1m ago
Medial
Indian software majors like TCS, Infosys, and Wipro are pausing on-site deputations to the US amidst business uncertainties and tighter immigration policies. Though they cleared workers for foreign assignments, visa processes remain delayed. This pause is influenced by business dynamics, demand slowdown, AI efficiencies, and tighter US visa regulations. Additionally, hiring locals or subcontractors overseas increases costs, prompting firms to temporarily hold such deputations until more clarity from the US government emerges.
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Swedish payments major Klarna hits monthly profitability ahead of target as losses shrink
Economic Times
·
1y ago
Medial
Swedish payments group Klarna Bank reported a significantly reduced six-month operating loss compared to the previous year and announced it had achieved profitability on a monthly basis earlier than expected. The BNPL fintech's January-June operating loss was 2.01 billion crowns ($185 million), down from a loss of 6.17 billion crowns the previous year. Klarna, known for its "buy now, pay later" service, reached profitability in May and aims to post a profitable quarter and year. The company's business conditions improved after cutting costs and adapting to inflation challenges.
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Techies’ American dream fast turning into desi nightmare
Economic Times
·
3m ago
Medial
Indian engineers in the US, particularly on H-1B visas, face growing uncertainty due to tech sector layoffs and immigration challenges. Layoffs, termed "Liberation Days," have hit US startups and hardware firms. Experts warn of potential future workforce reductions. Indian H-1B holders, comprising 72.3% of issued visas, are significantly impacted. Legal and staffing experts advise upskilling and adapting, noting remote work opportunities in India amid visa and economic shifts. Despite challenges, immediate visa policy changes seem unlikely.
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Redesigned Apple Watches not subject to import ban, US Customs says
Economic Times
·
1y ago
Medial
US Customs and Border Protection has determined that Apple can use a redesign to bypass an import ban on newer Apple Watch models. The ban, issued by the US International Trade Commission (ITC), applies to Apple's current Series 9 and Ultra 2 watches and initially went into effect on December 26. Apple convinced a US appeals court to pause the ban the next day and has since resumed selling the watches as it contests the import ruling. The customs agency's decision could be overruled if the ITC disagrees with it.
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Infosys completes 25 years to US listing, here are its hits and misses
Livemint
·
1y ago
Medial
IT services company Infosys celebrated its 25th anniversary of being listed on the Nasdaq exchange in the US. Since listing in the US, Infosys has grown significantly and established itself as a global leader. The decision to list in the US was strategic, as 60% of the company's business came from America and it wanted to instil confidence in its clients. Infosys was founded in 1981 and went public in India in 1993. The company's focus on corporate governance and disclosure norms, coupled with its continuous growth, has made it highly attractive to investors.
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How much Netflix pays employees in jobs ranging from administrative assistant to engineer, according to salary data
Business Insider
·
1y ago
Medial
Netflix is looking to expand its advertising and gaming efforts, as well as its product teams, prompting the company to list over 400 job openings on its careers page. Despite a tough 2022, including a loss of subscribers and layoffs, Netflix has regained momentum, outpacing streaming competitors like Disney+ in the fourth quarter of 2023. The company's salary levels in the US were recently analyzed, with base salaries ranging from $72,000 to $1 million per year for various positions, according to data from the US Department of Labor.
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Binance, SEC request pause in legal battle as Trump's crypto policy takes shape
Economic Times
·
5m ago
Medial
Binance and the US SEC have requested a 60-day pause on the lawsuit against Binance, influenced by a new task force on crypto regulations. This pause indicates a shift towards a more crypto-friendly approach under President Trump's administration. The SEC had previously sued Binance over accusations related to trading volumes and customer funds. The task force, led by Commissioner Hester Peirce, aims to improve the regulatory climate for the crypto industry.
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Feature Update! Play startup Quiz and Polls now on Medial!
Medial
·
1y ago
Medial
After scrolling 10 news pieces you will now get to play a quiz/poll on Medial! Test your GK on startups and participate in interesting polls to know users better! We have introduced these micro-games to make sure you get enough fun in all the reading that you do on the app! If you like the features please rate us on playstore as it would help us gain more traction! Please UPDATE your app from playstore to access the new features! Happy reading! For any suggestions on the app or feature requests email us at contact@medial.app! Read our blog on upcoming features and updates by clicking "View Source" button below-
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Disney+ Hotstar Brings In Pause Ads Feature For Its Connected TV Feed
Inc42
·
1y ago
Medial
Disney+ Hotstar has introduced pause ads for its Connected TV (CTV) feed, making it one of the first platforms in India to offer this feature. Consumer brand executives from Marico Limited, Mondelez India, and ITC Limited have partnered with Disney+ Hotstar to run their ad campaigns during the pause. In addition to pause ads, Disney+ Hotstar also provides advertisers with various CTV ad formats, such as auto-expanding billboards, prerolls, midroll ads, and click-to-WhatsApp integrations.
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Bitcoin hits all-time high at $80,092
Inshorts
·
8m ago
Medial
The world's biggest cryptocurrency Bitcoin crossed the $80,000-mark and hit an all-time high at $80,092 on Sunday. The boost is a result of US President-elect Donald Trump's embrace of digital assets and the prospect of US Congress featuring pro-crypto lawmakers. Bitcoin is up 65.4% from the year's low of $38,505 it hit on January 23.
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Zero-Day Exploit Hits Microsoft SharePoint: FBI, Microsoft Warn Users to Patch Immediately
StartupTalky
·
11d ago
Medial
A zero-day exploit targeting Microsoft SharePoint has been reported, prompting immediate patch installation warnings from Microsoft and the FBI. These attacks affect on-site SharePoint servers used by businesses and government bodies but do not impact SharePoint Online. The exploit allows attackers to perform spoofing, posing a significant risk. Concurrently, Microsoft is undergoing layoffs, impacting approximately 9,000 employees globally as part of structural changes to position the company for future success.
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