Facebook has introduced an app naming Free Basics in collaboration with Reliance group. Due to allegations for violating net neutrality, TRAI has instructed Reliance group to restrict access into Free Basics till completion of the investigation over its legal aspects. But industry insiders believe, Facebook may reappear with greater vicinity anytime soon.

Brian T. Moynihan, the CEO of BOA has been awarded with a pay package of $16 million, a 23% rise from the previous year. However, the package will reach at maximum if BOA can touch 0.80% earning against assets during the next three years. JP Morgan Chase & Co. CEO James Dimon has ranked top in receiving pay packages for the 2015.

The average oil price has dipped well below $30 a barrel on Thursday, which has been reported to be sold at $31 on Friday. Sharp fall of oil prices on Thursday has been analyzed as the triggering factor for some bargain hunting by some traders. However, equity market has also witnessed a boost which is believed to be induced by oil price soaring.

A recent research shows that there is a significant increase in the use of online dating services, especially via mobile dating apps. There are also significant increases in two particular age groups, which is young adults and older adults between the age of 55-64 years old. Personal safety remains a major issue for online daters, but most still believe that the method is more efficient and help them find a better match.

Zimbabwe suffers a massive disaster in the form of drought which has hit immensely on the entire country. The Vice president Emmerson Mnangagwa has appealed for $1.5bn aid from the local businesses and charities to save more than a quarter of his population from extreme water scarcity.

Jamie Dimon, chairman and chief executive officer of JP Morgan Chase & Co, spent $26 millions to buy shares of his bank on Thursday. The share purchase is translated as good sign by other investors as the shares climbed by 2 percent after the news broke out to the public.

Martin Shkreli expressed his wish to buy Kanye West’s new album. Martin is ready to pay the rapper $10 million in exchange for sole rights to "The Life of Pablo."

Walgreens has threatened to pull out of partnership with Theranos following the notice the latter received from the federal authorities regarding deficient medical practices. The drug retailer has given a 30-day ultimatum to its partner to clear their name, or their association gets terminated.

Yahoo’s planned restructuring plan had started on Wednesday, whereas 107 employees had received a written notice that after 60 days they would have to leave the office. That would be the first batch of what is expected to be a much bigger job cuts of 1,500 employees or 15 percent of the company’s workforce.

Time Inc. was interested in big data owned by Specific Media when they acquired Viant, which owns Specific Media. Apparently, Viant also owned other business units, including social network Myspace. Time Inc. will use data from Viant's business lines including Myspace to improve its advertising activities.