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New Zealand's Auckland Airport nixes dividend, profit slumps on virus hit

(Reuters) - Auckland International Airport Ltd AIA.NZ on Thursday scrapped its final dividend and posted a steep fall in full-year profit, as coronavirus-related restrictions led to fewer flights.

The pandemic has battered the airline and tourism industries, as stringent border controls and restriction on people’s movement to curb the spread of the virus upend demand, which has triggered a downturn for airport operators.

Earlier this year, Auckland Airport scrapped its interim dividend, slashe

Hess posts bigger-than-expected loss, cuts annual production forecast

(Reuters) - Hess Corp HES.N reported a bigger-than-expected quarterly loss on Wednesday and cut its full-year production forecast as hurricanes disrupted the oil and gas producer's operations in the Gulf of Mexico.

Intense hurricane activity in the region over the last few months has forced companies to shut down their production platforms, curtailing output.

Hess said it was expecting 2020 production, excluding Libya, of around 325,000 barrels of oil equivalent per day (boepd), below its prio

Will Clubhouse Face Scrutiny In India Amid WB Elections Controversy?

As Clubhouse does not have any India presence, the country’s IT rules are not applicable to the platform. Will this change in the near future?

Founded in 2020, Clubhouse now making inroads into the Indian market with even political parties using it

Political controversies have already made life difficult for social media giants such as Facebook and Twitter, but even emerging social media platforms such as Clubhouse are now being dragged into political fights. The invitation-only audio social m

Linkedin Denies Data Breach Involving 500 Mn Users

It was earlier reported that scraped data of over 500 Mn LinkedIn users was put up for sale on a hacking forum

Microsoft-owned social network LinkedIn denied the alleged data breach of over 500 Mn users on its platform saying that data for sale was not the result of a data breach. The company clarified that the leaked data was aggregated data from several websites and companies.

“We have investigated an alleged set of LinkedIn data that has been posted for sale and have determined that it is a

Tata Power, Social Alpha Back Industrial IoT Startup Urja

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Tata Power and venture development platform Social Alpha have announced an investment in industrial IoT startup URJA. With the deal, Tata Power aims to become a fully integrated energy-as-a-service (EaaS) provider with smart energy management offerings.

Tata Power and venture development platform Social Alpha have announced an investment in ind

Swiggy Valuation Close To $5 Bn After Mammoth $800 Mn Round

The fundraise comes at a time when its chief rival Zomato is eyeing to go public in the next few months

Swiggy had earlier raised close to $158 mn, as a part of its Series I round, in April last year

Fundraise will value the foodtech major at almost $5 bn from its previous ascribed valuation of $3.6 bn in 2020.

Not to be outdone by fellow food delivery rival Zomato, foodtech unicorn Swiggy is in the final stages of closing an $800 Mn Series J funding round, which is likely to see the company

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