This is the second part of this issue #2401
Add the red dot to highlight that Timeline has some updates.
When we open such tab we have to mark the related notifications as read and hide the red dot as we already saw the updated content.

This issue requires support of additional event types which is tracked by the next issue #2426
continued from #2301
Update: Restricting the scope of the issue to timeline tab only. We would handle the specification tab separately later as that tab might be revamped soon or later.
Aha! Link: https://topcoder.aha.io/features/TCCONNECT-408