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Social Media Ban: New Zealand's Prime Minister Christopher Luxon proposed a ban on social media for children under 16, aiming to shield them from online dangers. The draft laws would require social media companies to verify user ages or face substantial fines. This initiative mirrors Australia's stringent regulations and seeks to address parental concerns about social media's impact on children.
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The company's CFO Vinit Teredesai told ET that while clients were taking more time to roll out projects, there were so far no cancellations. "Going by the current revenue visibility, we continue to retain an aspiration to attend $2 billion in revenue by FY27," he said.
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The company suspended operations at its Joliet plant and temporarily laid off about 400 workers in Canada and the United States in December.
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