Others

India central bank orders SBM local unit to stop outward remittance transactions

January 23, 2023

India’s central bank has directed SBM Bank India to stop all outward remittance transactions in a blow to the bank and many of its fintech partners that offer services allowing users to invest in foreign services. The Reserve Bank of India said in a brief statement Monday that it has ordered SBM Bank India to […]

India central bank orders SBM local unit to stop outward remittance transactions by Manish Singh originally published on TechCrunch

Spotify cuts 6% of its workforce, impacting 600 people

January 23, 2023

Music streaming service Spotify has announced that it will be conducting a round of layoffs that will impact around 6% of its global workforce. In its most recent earnings release, the company said that there were 9,808 full-time employees working for Spotify. Today’s move will impact around 600 employees. “Like many other leaders, I hoped […]

Spotify cuts 6% of its workforce, impacting 600 people by Romain Dillet originally published on TechCrunch

Transforming IT Solutions

January 23, 2023
The company has not taken any funding from any VCs as all funding used to create InterraIT was done organically

Microsoft is sunsetting social VR pioneer AltspaceVR

January 21, 2023

AltspaceVR has had a few close calls over the years, but the company that built virtual social spaces well before “metaverse” was a household word is shuttering for good this time. After announcing that it would close up shop in 2017, Microsoft intervened and the company came under the tech giant’s wing. Now, Microsoft is […]

Microsoft is sunsetting social VR pioneer AltspaceVR by Taylor Hatmaker originally published on TechCrunch