Twitter closes 2/3 India offices; Google layoffs 453 in India

#BigIdea of the day: How to be wise

There’s one overarching theme to all the things wise people do: They make sure they get something positive and useful out of every interaction. 

Everything they do feeds on top of everything else they do.

That’s how you create a positive cycle for yourself. That means your life will only get better. [Via]

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#News

Google layoffs 453 employees in India

• Google India has let go of 453 employees.

• Last month, Alphabet Inc. (Google’s parent company) announced that 6% of its global staff would be fired.

• CEO Sundar Pichai has sent an email to the affected staff.

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Twitter closes two of three India offices, instructs staff to work remotely

• Twitter shuts two of its three offices in India.

• The offices in New Delhi and Mumbai have been closed.

• Twitter has asked its staff to work from home.

• Twitter fired over 90% of its 200+ staff in India last year

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India ranked 4th in Global Entrepreneurship Monitor for Quality Entrepreneurship Ecosystem

India ranked 4th out of 51 countries in the Global Entrepreneurship Monitor (GEM) National Entrepreneurship Context Index (NECI) report.

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Bengaluru is now world’s second-most traffic congested city

• With a longer journey time of roughly 29 minutes and 10 seconds to cover a distance of 10 kilometres in 2022, the capital of Karnataka has clinched the second spot, behind only London.

• The list of India’s busiest cities is headed by Bengaluru, with Pune coming in at number six, New Delhi at number 34, and Mumbai at number six (47)

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RBI alters NEFT and RTGS for daily reporting of foreign remittances

• The Reserve Bank of India (RBI) has made changes to the NEFT and RTGS systems for Foreign Contribution Regulation Act (FCRA) related transactions.

• This is in response to the Home Ministry’s requirement for the State Bank of India (SBI) to report all details of overseas donors, including the purpose of remittances, on a daily basis.

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