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Sunday, June 16, 2019

Cash-strapped Urban Ladder lays off hundreds of employees

40% of workforce given pink slips in Jan-March quarter. Omnichannel furniture retailer Urban Ladder has been trimming flab to sustain its operations, but its leadership team claims it is just a couple of months away from turning EBITDA (earnings before interest, tax, depreciation and amortisation) positive. ...more

Today’s headlines
Lenovo bags order from Tamil Nadu for 1.5 million laptops
It is meant for free distribution to students in the state Lenovo India has bagged an order from the Tamil Nadu government for providing over 1.5 ...more
Facebook cuts off Huawei to comply with US sanctions
Facebook said on Friday it would stop allowing pre-installation of its social networking apps on Huawei devices to comply with US sanctions against the Chinese technology giant. ...more
Legal & Patents
DoT extends suspension of official Ashish Joshi for another six months
The telecom department is learnt to have extended suspension of Uttarakhand-based officer Ashish Joshi - who had written to Delhi Police to ...more
Policy & Regulation
White House seeks delay on Huawei ban for contractors
White House seeks delay on Huawei ban for contractors. The White House Office of Management and Budget has asked the U.S. Congress for more time to phase in a ban on ...more
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