Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming. One of the nation's biggest manufacturers said Wednesday that it will lay off 6,770 U.S. employees this week, and another 5,520 workers are taking buyout offers to leave voluntarily in the coming weeks. The layoffs are expected to be concentrated in the Seattle area, home to Boeing’s commercial-airplanes business. The company said additional job cuts will be made in international locations, but it did not provide numbers. Chicago-based Boeing's defense and space division has remained relatively stable, helping offset the decline in air travel and demand for passenger jets. Air travel within the U.S. tumbled 96 per cent by mid-April, to

Packaged goods to hotels conglomerate ITC Ltd has collaborated with television broadcaster Star network to showcase the rich culinary heritage of India. The show, 5 STAR Kitchen ITC Chef’s Special to be aired every Saturday and Sunday at 11 am, will see 12 chefs of the hotel group in conversation with journalist-turned-anchor Dheeraj Juneja about food preferences and the influence of Indian culture across cuisines. ‘Individuals across the world are pivoting from dine-ins to home-made food and while they make that transition, they are either exploring the chef within, looking to try a new dish or a cuisine or learn a new preparation style. When we decided to create this platform, it was to reach every Indian kitchen, share the knowledge and expertise of our chefs ...,’ ITC Foods spokesperson said in a sta

Caller identification app Truecaller has denied data breach of its systems. Database consisting of personal details of 4.75 crore Indians had recently appeared on the dark web to be sold for $1,000. The data leak, found by American cyber intelligence firm Cyble Inc, contained details, including the user’s name, gender, age, city, telecom service provider, Facebook account, email id and mobile number. According to Truecaller, there has been no breach of the company’s database and all user information was secure. ‘We were informed about a similar sale of data in May 2019. What they have here is likely the same dataset as before,’ a company spokesperson said in a statement. ‘It’s easy for bad actors to compile multiple phone number databases and put a Truecaller stamp on it. By doing that, it lends so

Twitter's link directs users to a page on which Mr Trump's claims about mail-in ballots are described as 'unsubstantiated'. The social media company cites reporting on the issue by CNN, the Washington Post and others. This is followed by a 'what you need to know' section where Twitter corrects what it says are false claims by the US president. The social media company had pledged to increase the warning labels under false or misleading information on its site - but it has been slow to take steps against the US president. Twitter updated its policies on warning labels early this month. What is President Trump's response? In his new tweets, Mr Trump accused Twitter of interfering in the US presidential election scheduled for 3 November 2020. He said that the social media company was 'completely stifling free s

National Payment Corporation of India (NPCI) said that it has launched an artificial intelligence (AI) based chatbot, PAi, to create awareness around its products like FASTag, RuPay, UPI, AePS on a real time basis. This is yet another NPCI’s initiative to improve digital financial inclusion in India. The AI virtual assistant, PAi is available round the clock helping users with access to accurate information on NPCI products. Customers can ask their queries in English and Hindi, via text or voice on the websites of NPCI, RuPay, and UPI Chalega. Through PAi, users get verified automated responses to their queries on all NPCI’s products. PAi would also be accessible to global RuPay Cardholders as well. Kunal Kalawatia, Chief of Marketing, NPCI said, ‘We are glad to unveil AI-powered Pai for our users. I

Bharti Airtel Ltd’s shares has slipped 5.4 per cent in the early deals on Tuesday after the telecom firm’s promoter sold 152 million shares in a block deal. Details of buyers were not available. At 9:40 am, after hitting a low of Rs 561 a piece on the BSE, the shares of Bharti Airtel recouped some of the losses and traded 3.3 per cent lower at Rs 573.45. On Monday, Bharti Telecom Ltd, promoter of Bharti Airtel, announced selling stake worth $1 billion in the mobile operator. The block deal involving 2.75 per cent stake sale would be conducted at around  Rs 558 per share, implying around 6 per cent discount from its Friday's close price, Livemint reported. The stake sale aimed to reduce debt, it added. Stock markets were closed on Monday on account of Eid-Ul-Fitr. Bharti Airtel shares hit an all-time re

Despite its video conferencing app Teams breaking all records in the social distancing times, Microsoft said it would continue to invest in Skype that has crossed 40 million daily active users. Purchased in 2011 for $8.5 billion, Skype communication tool has failed to keep up with other messaging rivals to date, while Teams has seen a meteoric rise as millions of people work from home. ‘We're continuing to invest in Skype. It's growing through all this. You'll see some new features. You'll see Skype and Teams interoperate,’ Jeff Teper, CVP for Microsoft 365, told VentureBeat. Microsoft Team registered a new daily record of 2.7 billion meeting minutes in a single day on March 31 200 per cent increase from 900 million on March 16. The number of weekly Teams mobile users grew more than 300 per cent from earl

Today IDFC First Bank's shares has surged as much as 7 per cent to Rs 20.20 after the lender swung to profit in the March quarter. IDFC First Bank on Friday reported a consolidated net profit of Rs 76.36 crore for January-March 2020. The private sector lender had posted a loss of Rs 212 crore during the corresponding January-March quarter a year ago. Sequentially, there was a net loss of Rs 1,631.59 crore in the third quarter ended December 2019. The bank said that in view of accounting for IDFC - CFL (Capital First Ltd) merger from appointed date of October 1, 2018, the figures of the year ended March 31, 2020, are not comparable. The figures for the previous quarter/year have been regrouped wherever necessary in order to make them comparable, IDFC First Bank said in a regulatory filing. Total income during t