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Companies often give out credit cards to their employees which can be used to deal with prospective clients. Now this may include your regular wining and dining and perhaps no eyebrows would be raised. However as this IT company’s CEO found out that if you go beyond wining and dining then there are severe consequences. A CEO of US-based tech startup has allegedly been fired after he spent vast sums of money at strip clubs. According to a report by Bloomberg, Eric Gilmore, CEO of Turvo spent over $75,000 at “adult entertainment venues” using company credit cards. Another report by Business Insider said that the money was spent over a period of three years. The expenses came to light when the company’s chief financial officer reviewed company credit card expense reports. The total expenses incurred by Gilmore on the company’s credit card were in excess of $1,25,000 Gilmore filed a case against Turvo in August but interestingly he didn’t deny claims … [Read more...] about IT company CEO fired after allegedly spending over $75,000 at strip clubs

Trade groups representing major technology companies and advocacy groups asked a U.S. appeals court to reconsider its October ruling that largely upheld the 2017 repeal of landmark net neutrality rules. The Federal Communications Commission in December 2017 reversed Obama-era rules prohibiting internet service providers (ISPs) from blocking or throttling traffic, or offering paid fast lanes, a blow to large tech companies and consumer groups that had championed net neutrality. In petitions filed with the U.S. Court of Appeals for the District of Columbia on Friday, the Computer & Communications Industry Association, internet trade group INCOMPAS and various advocacy groups asked the three-judge panel to rehear the case or the full appeals court to take up the issue. "The decision presents an issue of exceptional importance, as it affirms the reversal of U.S. policies promoting the open Internet, and the repeal of the FCC's 2015 net neutrality rules," said one of the … [Read more...] about Tech industry asks US court to reconsider net neutrality ruling

BENGALURU: Reliance Industries Ltd on Monday said its unit had inked binding agreements with Brookfield Infrastructure Partners LP for an investment of 252.15 billion rupees($3.51 billion). Reliance Industrial Investments and Holdings Ltd will sell its telecoms arm, Jio's tower assets to Brookfield and its partners, the company, controlled by Asia's richest man Mukesh Ambani, said. Follow Gadgets Now on Facebook and Twitter. For the latest news, tech news, breaking news headlines and live updates checkout Gadgetsnow.com Recommended Products Samsung Galaxy M30s Lowest Price at 13,999 Shop Now Vivo U20 Starting at Rs. 10990 Shop Now Modern Laptops Craziest Offers Shop Now … [Read more...] about Reliance Industries to divest Jio’s tower assets for $3.5 billion

Kolkata: Kelvinator, the iconic refrigerator brand that branded itself as the “coolest one”, is making a comeback in India, courtesy Reliance Industries. The retail arm of India’s largest conglomerate, Reliance Retail, has signed an exclusive brand licensing, manufacturing, marketing and distribution deal for Kelvinator with Swedish appliance maker Electrolux, which owns the brand. Under the more than 10-year contract, Reliance will shortly relaunch the Kelvinator refrigerator and other appliances such as washing machines, air-conditioners and microwave ovens in phases to be sold through its network of stores and distributed to other consumer durable stores, an industry executive said. It is also evaluating whether to use the “the coolest one” tagline, he said. Reliance Retail said in its earnings presentation for the September quarter that it had entered into a long-term and exclusive brand-licensing arrangement with Kelvinator. However, the company … [Read more...] about Reliance Retail to bring back ‘coolest one’