Toyota, a Japanese automaker, announced on Thursday that it would increase its investment in a facility in the state of Guanajuato, central Mexico, by $328 million as it tries to modify its manufacturing procedures for a new hybrid version of its Tacoma pickup vehicle.

Zen Technologies surges 10% after winning an order worth Rs 202 crore from Defence Ministry

In their most recent annual study on the industry, global management consulting and strategic advisory firm Zinnov and venture capital firm Chiratae Ventures reduced the 2026 revenue forecasts of Indian software-as-a-service or SaaS startups from $100 billion to $26 billion.

According to research by Brand Finance, the multi-industry conglomerate Tata Group, which produces everything from salt to software, has maintained its title as India’s most valuable brand and has surpassed the $25 billion threshold. The worldwide brand value consultancy performs this task each year. Infosys, a significant player in the IT industry, is still in second place.

According to sources, private equity firm WestBridge Capital has acquired a majority investment in Tamil Nadu-based fruits and vegetable retailer KPN Farm Fresh in an effort to increase its bets

Because of recent currency weakening, some market observers believe that the central bank of Japan will continue to pursue its ultra-dovish monetary policy in an environment of high rates and

On Monday, the Swiss international investment bank UBS announced that it would purchase Credit Suisse “as soon as June 12.” Following a government-backed rescue earlier this year, this takeover would result in a massive balance sheet of $1.6 trillion.

A $10 billion initiative to produce semiconductors in India is in jeopardy. Its failure will highlight a significant weakness in Prime Minister Narendra Modi’s drive for greater economic independence. Influential

With a holy sceptre in hand, Prime Minister Narendra Modi sought the blessings of high priests from several Tamil Nadu “adheenams” as he opened the new Parliament building today. In

The UK’s Minister of State for South Asia, Lord Tariq Ahmad, began a four-day visit to India on Saturday with the goal of fostering ties in the fields of science,

In order to combine the two publicly traded subsidiaries of Oil and Natural Gas Corp. (ONGC), Mangalore Refinery and Petrochemicals Ltd. (MRPL), and Hindustan Petroleum Corp. (HPCL), the oil ministry

In order to raise between $6,150 crore ($750 million) and $8,200 crore ($1 billion) through qualified institutional placement (QIP), Adani Green Energy is expected to ask the board for permission.

The launch of Jaguar Land Rover’s Open Innovation Programme was announced by Tata Consultancy Services (TCS) and JLR in Tel Aviv. As part of JLR’s Reimagine strategy, the project will

Most of India’s edtech unicorns’ valuations seem to be off as they prepare for slower growth after raising capital at extremely high revenue multiples until the first half of 2022.

A new fund for investing in small and medium-sized businesses has been developed by Vivriti Asset Management Private. It is referred to by the company as the first debt fund

The Pacific island countries were reassured by Prime Minister Narendra Modi during his speech at the Forum for India-Pacific Islands Cooperation (FIPIC) summit that India is a dependable development partner.

Binny Bansal, the co-founder of Flipkart, is in advanced talks to purchase a stake in the Bengaluru franchise of the volleyball team competing in the Prime Volleyball League (PVL), according

An advanced purchase order for more than Rs 15,000 has been granted by the government-owned company Bharat Sanchar Nigam Ltd. (BSNL) to a group led by Tata Consultancy Services (TCS)

According to insiders, JSW Group has entered the race to purchase two coking coal mines from Australia’s BHP Group in a potential $1.5-2 billion transaction, as the Indian steelmaker looks

Tiger Global, one of the most active technology-focused investors in the world, is in discussions to purchase a financial share in the Rajasthan Royals of the Indian Premier League, according

According to a report by Avendus Capital, India’s data centers are predicted to take the lead in the upcoming wave of real estate investments by expanding at a CAGR of

After receiving appeals for assistance from the leaders of some of the nation’s top companies, the U.K. said on Friday that it would provide up to £1 billion ($1.24 billion)

According to the first-ever hospitality study published by real estate consulting firm CBRE South Asia, Indian hospitality investments are probably going to reach $2.3 billion over the next two to

Suzlon Group, the top supplier of renewable energy solutions in India, revealed on Wednesday that Vibrant Energy had placed an order for 33 wind turbine generators, including its new 3

According to research, India has the potential to generate up to 35 million green jobs by 2047 in both established and developing industries like renewable energy, waste management, electric vehicles,

By 2025, a global marketplace for soil carbon, developed by an entrepreneur from Karnataka Boomitra, would provide USD 200 million in carbon finance to farmers and ranchers in developing nations

In its second seed-stage fundraising round, Northstar Ventures, a private equity firm supported by TPG Capital, raised $4.25 million for Locofy.ai, a front-end development acceleration platform that employs artificial intelligence

From 2017 to 2022, India saw cumulative foreign institutional inflows into real estate of $26.6 billion, a threefold increase from the prior six years, according to Colliers. According to Colliers’

By the end of this decade, Maruti Suzuki wants to double its production capacity to four million vehicles annually, investing more than $5.5 billion in the process, according to numerous

After the venture capital arm of Vision Fund ended a year of record losses, Masayoshi Son is now personally responsible for nearly $5.2 billion in side businesses he set up

In an effort to stimulate domestic production, the federal government announced a few weeks prior that import duties on automobiles and motorcycles, including electric vehicles (EVs), would be increased. With

TagZ Foods, a business selling snacks, is situated in Bengaluru. It has raised $2 million in a pre-Series A round of funding led by 9 Unicorns, Dexter Angels, Agility Ventures,

The Vision Fund unit of Japan’s SoftBank Group Corp. revealed a quarterly investment loss as a result of falling tech valuations, resulting in an annual net loss of 970 billion

With this action, compliance will be further enhanced and revenue collection holes will be filled. At the moment, issuing electronic invoices or e-invoices is necessary if a company’s yearly revenue

In order to grow sustainably in India and expand its activities, MG Motor has unveiled a new five-year business roadmap. The British automaker intends to do this over the following

Leading Indian electric equipment manufacturer HPL Electric and Power Ltd. (HPL) declared today that it has received smart meter orders worth INR 204 crore from clients with a presence across

As a part of its strategy to take advantage of the expanding venture debt market in India, Stride Ventures has announced the first closing of its third fund at a

India, which currently has the fifth-largest economy in the world and is expected to grow to a $5.4 trillion economy in the coming years, will become the third-largest economy in

In the most recent fiscal year, sales of cars for the fleet street, including those to app-based taxi aggregators like Ola and Uber, nearly quadrupled. This year, sales are anticipated

According to insiders, a deal to buy a minority position in the dairy products company Milky Mist, based in Tamil Nadu, is about to be finalized by India-focused investment vehicle

In the midst of one of the worst fundraising winters in recent memory for the third-largest start-up ecosystem in the world, domestic venture capital (VC) firm 3one4 Capital completed its

According to individuals familiar with the situation, Alibaba logistics arm intends to raise up to $2 billion through an HK offering early in the next year, raising expectations for a

According to two sources with firsthand knowledge of the situation, Singapore’s Temasek Holdings is exploring a $100 million investment in Indian jewellery maker BlueStone for a 20% interest. One of

The founder and CEO of the fintech company, Vijay Shekhar Sharma, announced on May 6 that, Paytm plans to use generative AI for fraud detection, customer service, and onboarding, customer

CEO Tim Cook announces record revenue for Apple’s March quarter in India, he added that the country is at a turning point with many people leaving the middle class and

Exports of goods could reach between $495 billion and $500 billion in the fiscal year that ends in March 2024, while exports of services could top $400 billion. According to

According to a report, 163 Indian companies invested USD 40 billion in the US so far, which has led to the creation of close to 425,000 jobs in the nation.

The electric ride-hailing startup from India, BluSmart raises $42 million as it ramps up its conflict with the two market leaders, Ola Cabs and Uber Technologies Inc. BP Ventures, the

Russia continued to be India’s biggest crude supplier in April. India’s oil imports from Russia are expected to peak in May, increasing its market share to 36%, but a gradual

According to Bain and Company’s Future of India Retail Payments report, which was released on Thursday, merchant payments over the Unified Payments Interface are anticipated to expand by 40 to

According to sources, More Retail, a company owned by Amazon and the private equity firm Samara Capital, plans to sell around a fifth of its shares to outside investors for

In the fruits and vegetable (F&V) market, Pluckk, a digital lifestyle-focused fresh food brand, revealed on Tuesday that it had acquired KOOK, an Indian food-tech firm that provides a variety

Together, a tech-first insurance company ACKO, and Lohum, a top manufacturer of materials for the transition to sustainable energy, are working to recycle and repurpose batteries. This cooperation for EV

Orios Venture Partners led a $4 million pre-series A round of funding for the content commerce platform Hypd. [email protected] The Economic Times According to a release, the round also included

The development of a 69.3 MW wind power plant for Juniper Green Energy Private Limited was announced by Suzlon Group as the second order in the 3 MW product series.

To enable international commerce for Indian enterprises through its international trade financing platform, KredX GTX, the supply chain financing platform KredX has received final permission from the International Financial Services

On Tuesday, audio series platform Pocket FM announced that it has received $16 million in debt financing from Silicon Valley Bank (SVB), a subsidiary of First Citizens Bank with headquarters

Beginning on May 1, 2023, Jean Touboul will serve as Pernod Ricard India’s next managing director. Before moving to Singapore, Touboul served as managing director of Pernod Ricard South-East Asia.

A senior corporate official revealed on Monday that Physics Wallah, an edtech startup, has opened 50 offline centers under the “Vidyapeeth Centres” brand with an investment of about Rs 82

Powered by new orders and production, India’s manufacturing purchasing managers’ index (PMI) surged to a four-month high of 57.2 in April from 56.4 in March, according to a private poll

According to the International Air Transport Association’s (IATA) most recent market study report, The Indian aviation market is emerging as a key market and India is quickly becoming a significant

The ChatGPT chatbot’s developer, OpenAI, reportedly completed a $300 million share sale at a $27 billion to $29 billion value. Venture Capital companies including Tiger Global, Sequoia Capital, Andreessen Horowitz,

There isn’t a quick fix that will make your business popular on social media. To succeed, you must have a solid plan, be dependable, and have creative thinking. This is

Khazanah Nasional, the national wealth fund of Malaysia, purchased a 3% interest in the logistics company Xpressbees, which specializes in e-commerce, for $40 million through a secondary share sale, according

The expansion of bilateral commercial relations may be one of the most crucial initiatives of the moment, according to the president of a leading American trade organisation, as a result

To expand the use of RuPay cards and UPI, NPCI International Payments Limited (NIPL), a fully owned subsidiary of the National Payments Corporation of India (NPCI), has inked a binding

Samsung Electronics on Thursday announced its poorest quarterly profits in 14 years, blaming a decline in consumer electronics spending and a global semiconductor glut that hurt its core memory division.

Mamaearth is an Indian company that was founded in 2016 and has over 1.5 million customers. With an initial investment of about INR 90 lakh from their own funds, Varun

By 2024, 1 lakh electric scooters will be used by the online food delivery service Zomato, according to a statement from Zypp Electric on Tuesday. According to the business, the

The announcement by the firms formalises an earlier tentative deal and involves Hyundai and its partner SK On, a battery division of SK Innovation Co. Ltd., who will establish a

The firm, which has its headquarters in Bengaluru, plans to use the additional funding to grow in its current markets, introduce new product categories and features, and further fortify its

A division of the Serum Institute of India, the largest manufacturer of vaccines worldwide, is the Serum Institute of Life Sciences. According to the revised partnership agreement, it would contribute

Tuesday will mark the beginning of India’s first water metro, which will use hybrid-powered boats to connect 10 small islands near Kochi. Commuters and tourists will benefit from the Rs

The study-abroad platform Adventum Student Living (ASL), which owns the UniAcco, UniCreds, and UniScholars brands, announced on Monday that it had secured $5 million in a bridge equity transaction, led

The wholesale, distribution, and finance platform, which largely serves the food and agro-industries, announced that it is putting money into a digital platform to improve the effectiveness of supply chains

The last few years have seen a global upsurge in artificial intelligence (AI). Despite being around for a while, it has only recently started to be everywhere. Moreover, a variety

Ankiti Bose, the former CEO of the Singapore-based business Zilingo, who was fired for suspected financial irregularities last year, has reportedly sued Mahesh Murthy, an angel investor and co-founder of

In the future quarters of 2023, Hyderabad, Delhi, and Chennai plan to hire the most apprentices, according to a recent report released on Friday. Hyderabad, Delhi, and Bengaluru hired the

Rohit Sharma, the leader of the Mumbai Indians in the Indian Premier League (IPL), as well as the skipper of the Indian cricket team, has chosen to switch his allegiance

Startups from Beijing to Boston are incorporating generative AI and big language models into their services, and ChatGPT is driving a wave of funding into these fields. Prospective investors have

In order to generate up to $500 million through a worldwide bond issue—the timing of which has not yet been determined—the State Bank of India has reportedly reached out to

Mortgage lender Hinduja Housing Finance Ltd. (HHFL), with an asset book of roughly Rs. 6,800 crores, plans to use a median offering to raise about Rs. 300 crores in subordinate

Apple inaugurated its second store today in Saket, New Delhi, after the official inauguration of its first retail location in India earlier this week in Mumbai. Tim Cook, the company’s CEO,

The Economic Times reported that Apollo Global Management and Abu Dhabi Fund 10X AD are in discussions to invest in Byju’s parent company, Aakash. Byju’s CEO, Byju Raveendran, is reportedly

Tricog Health, a healthtech business with a focus on the heart, announced on Wednesday that it had raised $8.5 million in a funding round known as Series B2 from investors

The “big four” accounting firms—Deloitte, EY (Ernst & Young), KPMG, and PwC (PricewaterhouseCoopers)—maintain a sizable presence in India, and this presence is anticipated to expand in the future as a

Foxconn intends to add two new sites close to Chennai iPhone manufacturing complex in India. Additionally, the producer of the Apple iPhone is rumored to be developing a research and

On the strength of a recovering economy, The Financial Express (FE) projected that the Indian hotel industry is poised to have one of its finest years this fiscal. A 10

BluSmart, an Indian ride-hailing firm, is attempting to compete with Uber and Ola for market share in the nation by placing investments in an all-electric taxi fleet and making an

Over the past few years, the Indian textile market has experienced substantial growth, resulting in the emergence of new companies. Fashion designers who wish to leave their imprint on the

One of the biggest beauty companies in the world, L’Oréal, has announced that it is investing an unknown sum in the venture capital firm DSG Consumer Partners, which focuses on

Beyond big metropolises like Delhi, Mumbai, and Bengaluru, the popularity of electric vehicles (EVs) is increasing. EVs are becoming more popular in non-metropolitan cities as they aim to appeal to

According to statistics, India has the third-largest startup ecosystem in the world. In this piece, we’ll discuss 15 of the country’s best firms that are seeing significant growth. India has

Reliance-owned JioCinema, the official digital streaming partner of the cash-rich Indian Premier League, might soon start charging you for its material, departing from tycoon Mukesh Ambani’s plan to provide free

A person who established a business that gives Indian youngsters power, a guy whose goal is to turn distant Indian villages into tech centres. The founder and CEO of ZOHO

FirstCry, an omnichannel retailer, is in talks with a number of sovereign funds to help some of its shareholders sell shares at a price of about $3 billion, according to

Pi Ventures, an early-stage venture capital firm, announced on Wednesday that the Small Industries Development Bank of India’s (Sidbi) equity plan, Fund of Funds for Startups, has committed Rs 100

In FY23, Apple’s iPhone exports from India increased by over four times year over year to reach $5 billion (more than Rs 40,000 crore), as the Cupertino-based company’s suppliers increased

The iPhone manufacturer also inked a lease deal that forbids roughly two dozen technology, electronics, and e-commerce companies from setting up shop anywhere close to its soon-to-be-opened store at Mumbai’s

The Mobile Premier League (MPL), an esports and online gaming unicorn based in Bengaluru, launched Mayhem Studios last year. Mayhem Studios has raised $20 million in a Series A round

Apple leases the seventh through ninth floors, as well as a portion of the fourth and sixth floors of a commercial structure owned by Prestige Estates Projects, called Prestige Minsk

Reliance Consumer Products (RCPL) and major Chennai-based Bovonto soft drink manufacturer Kali Aerated Water Works are in advanced negotiations for a production and distribution cooperation to produce and market Reliance’s

In order to maintain and improve the cloud services provided by the government’s National Informatics Centre (NIC), Jio Platforms has won a contract worth Rs 350 crore, sources informed ET.

In comparison to its full-year forecast, Godrej Properties’ bookings for FY 2022–23 increased by 56% to INR 12,232 crore ($1.6 billion), or 22% more. Sales volumes increased by 19% sequentially

Investors are pouring money into Asian assets as a result of the US-led banking instability because they believe China and the region’s growing economies would be better able to withstand

The newly constructed Chennai airport terminal will be opened on Saturday by Prime Minister Narendra Modi. The terminal was built at a cost of Rs. 1,260 crore and is furnished

The approaching earnings season will be a true test for Indian IT firms like Tata Consultancy Services (TCS), Infosys, Wipro, HCL Tech, and others that have been struggling with rising

Toyota’s chief technology officer, Hiroki Nakajima, announced that the firm intends to introduce 10 new battery-electric vehicles models by 2026 at a briefing on the strategy under the leadership of

The clause hasn’t been accepted by the edtech company, and lenders also want updates on the company’s cash status every two weeks. Byju’s has $650 million in foreign accounts and

Over 300 employees would be affected by the layoffs, which are a part of a reorganisation that founder and CEO Kabeer Biswas revealed in a town hall on Wednesday, according

Using a $2 billion programme that will launch by the end of June, India intends to provide incentives to companies that make green hydrogen fuel worth at least 10% of

One of the largest shareholders in Tata Sons, the Shapoorji Pallonji SP Group, is reportedly in talks to pledge the other half of its stock in the Tata Group’s unlisted

According to a private survey released on Wednesday, the growth of India’s dominant services sector decreased to 57.8 in March from a 12-year high of 59.4 in February as new

Amul, the cooperative that manages the nation’s largest dairy industry and the former managing director of Gujarat Cooperative Milk Marketing Federation (GCMMF) Sodhi, has joined Reliance Retail Ventures Limited, a

An initial investment of Rs 100 crore and a final corpus of Rs 200 crore are planned for the new fund, which was approved by Sebi. From Specialised Invest’s portfolio

Paytm, a leading provider of financial services and payments, announced on Wednesday that it has reached a new milestone in offline payments with the deployment of 6.8 million devices. Consumer

A venture growth investor named Iron Pillar has completed the successful closing of a $129 million Series B and C stage fund aimed at funding Indian-based global cloud software startups.

The World Bank stated in its most recent report on Tuesday that despite some moderating in the second half of the previous fiscal, India’s GDP growth is anticipated to be

Hero Realty and Saheb Enterprise are constructing a project in Gurugram for Rs 2,000 crore. In order to jointly build a 2 million square foot mixed-use project in Gurugram with

The edtech company Byju’s recently raises $700 million via two separate equity and convertible note deals at a valuation of $22 billion. Two West Asian sovereign wealth funds and sizable

The Asian Development Bank (ADB) stated in a research release on Tuesday that China’s recovery from the epidemic and strong demand in India will propel strong economic development in Asia

Viacom18-owned The IPL 2023 official streamer, JioCinema, had a record-breaking opening weekend, racking up 147 crore video views over the course of three days. According to the site, this is

On Monday, SpiceJet Ltd announced that, as of April 1, it has divided its SpiceXpress cargo and logistics operations into a distinct company called SpiceXpress and Logistics Pvt Ltd. SpiceJet

According to a private business poll, although employers cut positions for the first time in more than a year, India’s manufacturing sector expanded at its fastest rate in three months

Tesla Inc. reported record quarterly vehicle deliveries on Sunday, but despite price reductions brought on by increased competition and a gloomy economic outlook, quarter-over-quarter sales growth was modest. Tesla increased

During the past few months, AI-enabled ChatGPT has been making headlines. It seems like everyone is talking about it: it attracted 1 million users in just five days, marking a

According to the most recent public debt management report, the government liabilities rose by 2.6 percent during Q3 FY23 to Rs 150.95 lakh crore in the quarter ending in December

On Thursday, Siti Networks, a subsidiary of the Essel Group, said that Zee Entertainment Enterprises Ltd. (ZEEL) had reached a one-time payment arrangement with Standard Chartered Bank for the debt

On March 31, 2023, in New Delhi, the New Foreign Trade Policy 2023–2028 was revealed by the Union Minister of Commerce, Industry, and Textiles Piyush Goyal. Santosh Kumar Sarangi, director

PhonePe, a renowned finance firm that offers EMI financing options to online buyers and is supported by Walmart, has opted to abandon its acquisition intentions for ZestMoney. The sudden action

The Smart Cities Mission, the Ministry of Housing and Urban Affairs (MoHUA), the India Trade Promotion Organisation (ITPO), and Exhibitions India Group (EIG) jointly organized the 8th Smart Cities Expo

Enrique Lores, the company’s CEO, has stressed that HP Inc. is confident in producing its next-generation range of products domestically in India in order to better and more effectively serve

The Indian pharmaceutical Firm Granules built a packaging facility in Virginia, the US, to boost the biopharma supply chain and expand the state’s capacity to package critical pharmaceuticals. The facility

In order to advance renewable energy, Sri Lanka will sign a memorandum of understanding (MoU) with India. The island nation wants to meet 70% of its electricity needs from renewable

About two months after co-founders of Sequoia-backed GoMechanic acknowledged to investors that they had fabricated financial data, a consortium led by auto component manufacturer Lifetime Group said on Wednesday that

According to Counterpoint Research, 30% in terms of value and 20% in terms of volume of ‘Made in India’ smartphone shipments originated from the export industry at the time of

LoanTap, a well-known digital lending platform, has announced the acquisition of Unofin, a fintech company with a focus on healthcare, in order to expand its presence in the healthcare finance

ABB India will offer automation and control solutions for the 130 km-long Indo-Bangla Friendship Pipeline (IBFPL), which transports diesel from India to Bangladesh. It will be possible to remotely monitor

The Microsoft Power Platform line of business is thrilled to announce a strategic alliance with QualityKiosk Technologies, one of the largest independent digital quality assurance experts and a pioneer in

According to information cited by the news agency PTI, the Employees Provident Fund Organisation (EPFO) has set the interest rate for the fiscal year 2022–2023 at 8.15%. If the predicted

Indian insurers gain clout in the $1 trillion bond market is undergoing a significant change as a result of its population’s increasing affluence. Their savings, which are routed through life

Prime Minister Narendra Modi will formally inaugurate a 13.71-kilometer portion of the Bengaluru Metro Phase II project on Saturday in election-bound Karnataka. At 1 p.m., Modi will formally open the

As India’s civil aviation minister told Reuters that the “moment has come” to meet the country’s surging demand for jets built domestically, the world’s two largest aircraft manufacturers are under

Co-founder of BharatPe Ashneer Grover and a former Shank Tank judge, have announced the release of his new app, CrickPe, only one week before the start of the new Indian

In Varanasi on Friday, Prime Minister Narendra Modi will lay the cornerstone for the third public transportation ropeway in the world and the first in India. In addition, he will

As the world transitions to a more sustainable future, As growth paths diverge, India’s oil needs will surpass China. This will result in a change in the demand for oil.

Mystifly, a leading vertical SaaS and marketplace provider for the airline industry with headquarters in Singapore, announced today that its Series B fundraising round with CSVP (Cornerstone Venture Partners) has

PhysicsWallah, a unicorn in the edtech space, is allegedly in discussions to raise at least $250 million at a valuation of $3.3 billion, which is three times more than its

According to a report titled “2023 Global Payments Report” from global financial technology leader FIS, as unified payments interface (UPI)-based transactions continue to shatter all records, India’s ecommerce market is

Anil Agarwal, the owner of Vedanta, is considering selling a part in the mining giant as a last resort, according to a report from the news agency Bloomberg on Thursday.

A newly created last-mile mobility Mahindra’s new last-mile EV firm will get investment from the International Financial Corporation (IFC), a member of the World Bank Group, in the amount of

According to figures from the industry’s trade group, the Society of Indian Automobile Manufacturers, sales of diesel cars in the passenger car class, which includes hatchbacks and sedans, are now

Milk basket’s cofounder Anant Goel raised $5 million in seed funding as part of the business’s ongoing initial fundraising round. Sorted is a supply chain startup for fresh fruits and

A fresh round of fundraising plan has been launched in anticipation of Ola Electric’s nearing break-even point and profitability. According to those close to the company, the funds will be

Flutura, a provider of industrial AI, will be acquired by Accenture Group for an undisclosed sum. The NYSE-listed business has agreed to purchase Flutura, an industrial AI startup with headquarters

India’s smartphones export surpassed $2 billion (about Rs 16,500 crore) in the first two months of 2023, led primarily by Apple and Samsung, bringing the total export value to over

In a statement, Tata Steel (TSL) disclosed that it has paid about Rs 19.90 crore for 1,55,34,738 equity shares in Tata Steel Advanced Materials (TSAML), a wholly-owned subsidiary. TSL has

According to aviation consultancy CAPA India, Indian airlines are expected to have a combined loss of USD 1.6 to 1.8 billion in the upcoming fiscal year. The full-service carriers are

Banking behemoth UBS is purchasing ailing rival Credit Suisse for over $3.25 billion in a deal arranged by authorities in an effort to avert further market-shaking instability in the global

During the next two years, India will invest approximately 980 billion rupees ($12 billion) in airport construction as pressure mounts on the country’s aging infrastructure from airline orders for hundreds

Arun Agarwal, the Indian-American CEO of Dallas-based NextT, has been selected to serve as the chair of the Community Bond Task Force (CBTF) group in order to assist in the

Prime Minister Narendra Modi and Sheikh Hasina of Bangladesh will formally establish the first power pipeline connecting their countries on Saturday. A total of 377 crore rupees were spent on

One of India’s biggest financial platforms, PhonePe, stated today that Walmart has provided an extra $200 million in primary funding, valuing the company at $12 billion before the money was

To advertise Airtel 5G Plus, the brand name under which it provides 5G services, Bharti Airtel has started a multi-media campaign. The campaign, which is primarily digital, television, and out-of-home,

The financial services company Stripe, which processes payments, raised $6.5 billion on Wednesday in a capital round supported by both current and new investors. The company was valued at a

A factory in India will be built to manufacture Apple’s AirPods by Taiwanese contract manufacturer Foxconn, two people with direct knowledge of the matter told Reuters. The agreement highlights Foxconn’s

The major corporations in South Korea, including Samsung Electronics Co., will join a government initiative to invest $422 billion by 2026 in industries including chips and electric vehicles, marking the

HealthPlix Technologies, with its headquarters in Bangalore, has secured $22 million in a Series C fundraising round that was co-led by Avataar Venture Partners and SIG Venture Capital. Lightspeed Venture

Ayurvedic female-tech business Gynoveda on Wednesday announced it has secured $10 million in a Series A round of investment sponsored by India Alternatives Fund. Wipro Enterprises, RPG Ventures, Dharampal Satyapal,

Jaguar Land Rover, a premium brand owned by the Tata Group, is collaborating with Tata Technologies, a leading provider of engineering, product development, and digital services, to further its industrial

Vedanta Resources’ founder, Anil Agarwal, has used Twitter to stress the significance of increasing domestic exploration and production in India. He said that such an increase would result in more

According to three government officials engaged in policymaking and two banking sources, India has requested banks and merchants refrain from using Chinese yuan to pay for Russian goods due to

The battery manufacturer PowerCo of the European carmaker Volkswagen has announced plans to build its first “gigafactory” for manufacturing battery cells outside of Europe in St. Thomas, southwest Ontario. The

At a “fruitful meeting” with Nokia President and CEO Pekka Lundmark, Prime Minister Narendra Modi addressed next-generation digital infrastructure. In a tweet, the prime minister acknowledged the change. A productive

Welspun One Logistics Parks (WOLP), an integrated fund and development management platform with a focus on industrial and warehousing real estate, announced the formation of its second fund, with a

To develop a second car plant in India, Hyundai Motor India Ltd is thinking about buying the Talegaon facility in Maharashtra’s General Motors, along with some of its assets, including

In the third-largest failure in US banking history, New York-based Signature Bank was shut down by state regulators on Sunday, only two days after Silicon Valley Bank was shut down

An MOU on semiconductors and certain statements about the US-India Strategic Trade Dialogue marked the conclusion of the recent visit to India by US Secretary of Commerce Gina Raimondo. In

According to staffing business TeamLease Services, with Apple’s increased focus on India, the corporation is anticipated to be a major driver of job growth in FY24 with 120,000 new positions.

According to a Friday regulatory filing, investors and depositors attempted to withdraw $42 billion from Silicon Valley Bank on Thursday in one of the largest US banks runs in more

On Thursday, the financial services company InCred Capital announced that it had purchased a 20% investment in TeamNest, an HR SaaS platform that aids companies in managing their payroll and

Nissan Motor Co. is creating brand-new modular powertrains that will streamline production and reduce hybrid car manufacturing costs by as much as 30%. Toshihiro Hirai, senior vice president of the

The most valuable ed-tech firm in the world, Byju’s, wants to raise up to $250 million by selling convertible notes through Aakash Educational Services, which provides tutoring services. They said,

As a symbol of the country’s rising importance, Apple Inc. is reorganising the management of its worldwide companies to focus more on India. With the country’s surging demand, the change

EV manufacturing in India will increase India’s dependence on China for raw materials, mineral processing, and battery production, according to a GTRI report. According to the Global Trade Research Initiative,

Rajiv Jain, the founder of GQG Partners Inc., will meet with customers and investors this week in Australia, the company announced in a statement on Tuesday and will discuss its

India’s housing market will stay robust despite rising interest rates and a gloomy prognosis for the global economy, according to a Reuters survey of property specialists, who have scarcely revised

Hon Hai Precision Industry (Foxconn) pledged on Monday that it will continue to work on the Memorandum of Understanding it signed with the State Government on Friday and that it

Southeast Asia’s digital economy, which is presently estimated to be worth $210 billion, is predicted to develop at a compound annual growth rate (CAGR) of 15% to reach $430 billion,

Hero MotoCorp, a manufacturer of two-wheelers, stated on Monday that it has inked a contract with Zero Motorcycles, a company located in the US, to work together on high-end electric

According to Prime Minister Narendra Modi, India’s pharmaceutical industry has the potential to grow to a $10 trillion market with the right private-university collaboration. Around $4 trillion is the current

SoftBank Group Corp.’s British chip designer, Arm Ltd., plans to raise at least $8 billion from what is expected to be a blockbuster U.S. stock market debut this year, people

Indian Railways (IR) broke the record for the greatest February monthly freight loading in 2023, loading 124.03 million metric tonnes (MT) of freight. The incremental loading for February was 4.26

According to a senior official, the civil aviation ministry has given the nation’s largest airline, IndiGo, permission to wet lease up to two aircraft in order to operate flights to

In order to strengthen its footprint in the state, the Adani company would establish two new cement manufacturing facilities, 15,000 MW of renewable energy projects, and a data center in

One of India’s top automakers, Tata Motors, declared today that it had produced 50 lakh passenger automobiles. It took Tata Motors 25 years to reach this milestone after introducing several

As generative AI technologies like ChatGPT and Bing AI are becoming more popular, some people worry that this could put human jobs in danger. Yet, some senior executives in India

In order to increase local production, Apple Inc. partner Foxconn Technology Group is to invest roughly $700 million in a new factory in India, according to people with knowledge of

Greenko Energy Holdings, situated in Hyderabad, has raised $700 million in equity capital from its founders, GIC, an ADIA-affiliated wholly-owned subsidiary, and ORIX Corporation, a Japanese financial conglomerate. The business

According to a report published on Thursday, salaries in India are predicted to increase by 10% in 2023. Salary growth in India reached 9.8% in 2022. In the forthcoming year,

Reliance Industries Ltd. and Tata Power Co., two manufacturers of solar modules, are among the companies that have submitted bids for the 195 billion rupees ($2.4 billion) in financial incentives

Another round of bidding for the insolvent company Reliance Capital has been approved by the National Company Law Appellate Tribunal (NCLAT). The judgement will make it easier for the Indian

B Capital, a venture capital firm based in Los Angeles, has set aside $500 million to start a new fund that looks for business prospects in the healthcare industry. The

The Chaudhary Charan Singh International Airport (CCSIA) in Lucknow will soon undergo a significant renovation. The Adani Group intends to modernize the same by spending up to Rs 5,000 crore.

Cashfree, a company that develops payments and banking technology, announced on Tuesday that it had strategically acquired Zecpe, a one-click checkout provider, to improve its direct-to-consumer (D2C) checkout capabilities and

According to rating agency Crisil, sales of passenger vehicles in India, the world’s fourth-largest auto industry, are predicted to increase by 9% to 10% in the upcoming fiscal year, or

The agreement between Singapore Airlines and Tata Sons (Tata) will give Air India an additional SGD 360 million (USD 267 million). After Air India is acquired by Tata and merges

On Monday, Essar Group announced the establishment of Essar Energy Transition (EET), which will devote $3.6 billion to the creation of a number of low-carbon energy transition projects over the

Shivamogga Airport in Karnataka will be inaugurated by Prime Minister Narendra Modi today. In addition to this, the prime minister will dedicate a number of additional construction initiatives in the

The Adani Group, which is headed by billionaire Gautam Adani and exports coal from the Carmichael mine, intends to raise up to $400 million in debt against a significant Australian

The Delhi government’s proposal to restrict bike taxis by permitting only electric cars raised concerns for Uber, which expressed those concerns on Friday. The corporation said in a blog post

Ant Group Co. is considering selling some of its shares in the operator of Indian financial technology business Paytm to keep its position under a necessary level, according to sources.

According to Piyush Shah, cofounder of the InMobi Group and president and COO of Glance, the Indian social media company, which is supported by Google and Reliance Jio, plans to

The Adani Group told Reuters that Adani Total Private Ltd will receive its first shipment of liquefied natural gas (LNG) in April at the Dhamra terminal on India’s east coast

Kratos Studios, a web-based game firm, reported raising Rs 160 crore in a seed round that was led by Accel and included Prosus Ventures, Courtside Ventures, Nexus Venture Partners, Nazara

To expand its domestic electric vehicle industry, Tata Motors is reportedly looking to raise $1 billion. According to Reuters, citing the Economic Times, the manufacturer has begun discussions with sovereign

At the International Defence Expo and Conference on Wednesday, Hindustan Aeronautics (HAL), an aerospace company in India, and EDGE, the top defence company in the UAE, inked a Memorandum of

On Wednesday, Tata Steel disclosed that it had purchased Rs 300 crore worth of shares in Neelachal Ispat Nigam Ltd., a firm that is an indirect subsidiary of the company.

According to a report by CareEdge Ratings, Indian sugar businesses would likely witness an increase in revenues of 8–12% in FY23, driven by increased installed capacity as well as higher

The signing of the aviation services agreement between India and Guyana was approved on Wednesday by the Union Cabinet, which is presided over by Prime Minister Narendra Modi. The Ministry

Using its exclusive rights to one of the most watched sporting events in the world to compete with Walt Disney Co. and Amazon.com Inc. in India’s booming media market, billionaire

The edtech company NxtWave announced on Tuesday that Greater Pacific Capital, a private equity firm, had led its most recent investment round, which brought in $33 million (or around Rs

Software-as-a-Service (SaaS) platform Mintoak, which specialises in merchant services, has secured $20 million, including participation from PayPal Ventures, British International Investment, and current investors HDFC Bank and Pravega Ventures. The

For the first 10 months of the fiscal year that started in April 2022, government statistics gathered by Reuters indicated that India’s imports of Russian steel increased to an eight-year

To facilitate quicker and more affordable cross-border remittance transfers, the Unified Payments Interface (UPI) of India and PayNow of Singapore will be connected. On February 21, cross-border connectivity would essentially

A Memorandum of Understanding (MoU) between Tata Motors, a car manufacturer, and Uber, a ride-hailing service, was signed on February 20. Under the terms of the agreement, Uber would add

According to a letter the government handed to the company on Monday, the Indian federal government is against Hindustan Zinc’s proposed $2.98 billion acquisition of Vedanta Ltd.’s zinc interests. The

In the third quarter (Q3) of FY22-23, the multinational technology corporation Lenovo Group recorded sales of $15.3 billion and net income of $437 million, indicating strong progress for its services

According to an SBI Mutual Fund official who spoke to Reuters, India is establishing a fund worth Rs 33,000 crore ($4 billion) to offer liquidity to its corporate debt market

The private industrial 5G router, a crucial part of the manufacturing sector’s journey towards digital transformation, was launched on Thursday, according to industrial manufacturing giant Siemens. The gadget automatically changes

A Memorandum of Understanding (MoU) was signed on Thursday by Bharat Forge Ltd (BFL) and Paramount Group, a leading global aerospace and technology company, for the development and production of

According to managing partner Ankur Pahwa, venture capital firm PeerCapital has achieved the first closing of its first fund at a cost of roughly Rs 300 crore ($37.5 million). Pahwa

Major consumer goods producer Dabur India Ltd., which is owned by the billionaire Burman family, is looking to expand abroad amid fierce domestic competition. To do so, it is looking

The highest series A round of funding ever received by an Indian insurance technology business, InsuranceDekho, was a $150 million equity and debt investment. With participation from Investcorp, Avataar Ventures,

The Kerala government will now be required to pay Adani Ports Rs 400 crore as per the terms of the agreement since work on the breakwater at the planned Vizhinjam

Since announcing a restructuring of their car-making alliance last week, Renault SA and Nissan Motor Co. have unveiled their first collaborative project. According to a joint statement released by the

Indian defense exports are expected to reach $5 billion by 2024–2025, according to Prime Minister Narendra Modi, who also predicted that India will soon become the world’s largest defense manufacturing

Garuda Aerospace, a startup company for drones, announced on Monday that it had secured $22 million in an early fundraising round from venture capital firm SphitiCap. According to CEO and

According to a source, cellphone operator Vodafone Idea has reopened negotiations with important lenders State Bank of India, Punjab National Bank, and HDFC Bank to refinance loans totaling between 3,000

The Indore Municipal Corporation (IMC) launched a first-of-its-kind initiative in India by raising Rs 661.52 crore on the first day of a public offering of green bonds to fund the

On Sunday, Prime Minister Narendra Modi will officially open the 246-kilometer Delhi-Dausa-Lalsot portion of the Delhi-Mumbai Expressway. The new segment is expected to cut the trip from the capital city

The total amount of business and individual income taxes collected in India continues to grow steadily. The gross revenues for the same period last year were 24.09% greater than the

Today, Tata Motors unveiled its RDE and E20 compliant BS6 Phase II lineup of passenger vehicles. Additionally, the carmaker has enhanced its standard warranty across the board from 2 Years/

In an effort to rebuild itself under its new owners, Air India has signed a massive deal for roughly 500 new jets valued at more than $100 billion at list

Indian bonds have already been acquired by foreign institutional investors in 2023 for $840 million. They were net bond sellers in the years 2022 and 2021, therefore this represents a

Jammu and Kashmir has 5.9 million tonnes of lithium resources, the government said on Thursday. India has not yet made a lithium discovery. According to the Ministry of Mines, the

The billionaire Mukesh Ambani announced on Friday that he will spend Rs 75,000 crore over the next four years expanding the telecom network, including the implementation of 5G services, retail,

The much-awaited three-day Global Investors Summit (GIS 2023), which aims to give the Uttar Pradesh government’s pursuit of general development a boost, will begin on Friday in Lucknow. Prior to

The third quarter ending December 31, 2022, saw a 17% increase in the company’s consolidated net profit from continuing operations, reaching Rs 174.83 crore, according to the tyre manufacturer MRF

Nissan, a Japanese manufacturer looking to travel more smoothly with its French alliance partner Renault, announced a 55% increase in earnings for the three months ending in December on Thursday.

The Walt Disney Company (Disney), which owns and operates the Indian streaming service Disney+ Hotstar, revealed its largest-ever fall in paying subscribers—a 6% drop—for the months of October through December.

Tredence, a data science and AI solutions provider with the majority of its employees in India, announced on Thursday the launch of its largest ESOP buyback programme, valued at $30

A survey published on Thursday revealed that WhatsApp is the best user-friendly digital product and service for people with impairments in India. I-Stem, Mission Accessibility, PhonePe, Paytm, Swiggy, Zomato, Amazon,

According to a survey by Care Edge Ratings, home textile exports from India are predicted to decline 16–18% year-over-year in FY23 due to a slowdown in demand, particularly from the

The full-service airline Vistara has announced that as of March 26 it will start operating international flights on Mauritius to Mumbai route. According to Vistara, the five times weekly flight

Fuel demand in India decreased in January after reaching a nine-month high in December, as a result of decreased mobility brought on by the country’s widespread cold weather and a

In a rush of international tech companies attempting to duplicate the well-liked AI-powered chatbot ChatGPT, Chinese e-commerce behemoth Alibaba announced on Thursday that it was developing a competitor. As a

Shaktikanta Das announced the installation of QR code-based coin vending machines in 12 cities at the most recent RBI MPC meeting. According to the RBI governor, this will make it

The percentage of 5G smartphones shipped in India grew to 31% in 2022, with 5G shipments jumping 74% (year over year), according to research released on Tuesday. In 2022, the

The largest oil and gas producer in India, ONGC, will reverse years of production drop this year and progressively increase output moving forward as it invests billions to generate from

In order to refinance its current debt over the near term, according to a report in the Economic Times (ET), Air India would borrow Rs 18,000 crore from the State

For the fourth month in a row, India’s demand for Russian crude oil exceeded that of traditional middle eastern suppliers as refiners rushed to buy up plentiful cargoes that were

The National Payment Corporation of India (NPCI) launched UPI Lite last year to help with small ticket transactions up to Rs 200. The Unified Payments Interface (UPI) Lite is set

Adani-Hindenburg: A senior Standard Chartered banker stated that the lender has fairly little exposure to these instruments and that such precautions are taken to protect the bank and the clients.

According to insiders, Vedanta-Foxconn are almost ready to announce STMicroelectronics as their technical partner for their prospective semiconductor chip manufacturing facility in India. The joint venture (JV) that was launched

Anthropic, an artificial intelligence firm developing a competitor to OpenAI’s ChatGPT, has received approximately $400 million from Google, an Alphabet Inc. company, according to reports. Anthropic will employ Google’s cloud

Paytm, a pioneer in Indian fintech announced Douglas Feagin’s departure from its Board of Directors in an exchange filing. Feagin is the senior vice president of the Ant Group and

The Galaxy S23 will be manufactured in India to satisfy the demands of the native market, according to a Thursday announcement by Samsung, a manufacturer of high-end mobile devices. The

About 150 workers of Pinterest Inc. will be let go as part of the company’s cost-cutting efforts. This comes at a difficult moment for an industry that has grown quickly

The Vande Metro will soon begin operating on the same lines as the Vande Bharat trains that are now running throughout the nation, according to Indian Railways. Following the introduction

The nation would invest Rs 35,000 crore in the transition to greener energy, the finance minister Nirmala Sitharaman declared on Wednesday. “Rs 35,000 core in priority capital investment on energy

Income Tax Rates and Slabs: The maximum tax rate, 30%, would be applied to income beyond Rs 15 lakh under the new tax system. The new income tax slabs under

According to Finance Minister Nirmala Sithraman, the Center would increase the capital expenditure (capex) spending for 2023–24 by 33% to Rs 10 trillion. She also mentioned in her address on

An Agriculture Accelerator Fund will be established to support agri-startups by young entrepreneurs, according to an announcement made by Finance Minister Nirmala Sitharaman on Wednesday during her budget address. The

According to a Tuesday update from the Securities and Exchange Board of India (Sebi), the two businesses, that submitted their preliminary IPO papers to Sebi in August and September 2022,

The greatest drop in the stock price of Alibaba Group Holding Ltd. in the past three months highlights investor worry that China’s consumer rebound may fall short of high expectations.

Several of Indira IVF’s major owners are considering selling their stakes in the Indian in-vitro fertilization clinic operator in a deal that could value the business at around $1 billion,

The downturn in consumer spending brought on by rising prices and interest rates, as well as geopolitical concerns last year, has particularly hurt mobile device manufacturers. The largest smartphone manufacturer

The International Monetary Fund (IMF) forecasted that India and China would account for half of the global economic growth in 2023 and that the third-largest economy in Asia will continue

The business anticipates that this currency service, which now has an annualized run rate of Rs 350 crore, would scale up by 3–4 times in the upcoming fiscal year. On

Under the direction of Dr. Himanshu Gadgil, CEO of Enzene Biosciences Ltd., Enzene claimed to have assembled a 400-person team with a wealth of experience. Alkem Laboratories Ltd. subsidiary Enzene

The tsunami of layoffs has completely destroyed the Indian IT industry, and well-known Indian Unicorn Startups companies like Swiggy, Dunzo, and ShareChat have all dramatically decreased their employee sizes. After

On February 1, Union Finance Minister Nirmala Sitharaman is set to present the Union Budget to the legislature for the fiscal year 2023–24. Before the Union Budget 2023–24, the US

To capitalize on the increasing demand for high-end flats, real estate giant DLF Ltd intends to unveil a luxury housing project in Gurugram next month with an estimated sales revenue

IHC, located in Abu Dhabi, intends to purchase the largest portion of this share sale, amounting to almost $200 million. IHC invested about $2 billion in Adani’s businesses last year.

Microsoft said this week that it will fund OpenAI, which is at the forefront of generative AI, with a multibillion-dollar investment that includes supercomputer development. Microsoft Corp. sought to reassure

A complaint filed by the landlord claims that Twitter stopped paying rent on its San Francisco headquarters in December under the ownership of new owner Elon Musk. Sri Nine Market

Using staked Ether for the first time in months, a digital asset wallet linked to one of the biggest cryptocurrency thefts transferred more than $150 million in stolen funds to

According to Union Commerce Minister Piyush Goyal, Apple Inc. wants India to produce up to 25% of its products instead of just 5% to 7% as it does currently. According

Since November of last year, about 200,000 IT professionals have lost their jobs, setting new records at firms like Google, Microsoft, Facebook, and Amazon. Following the termination of their employment

In the fiscal year ending in March 2024, the Indian government will borrow a record 16 trillion rupees ($198 billion), according to a survey of experts, who believe that infrastructure

According to its third-quarter report, the enormous music-streaming corporation employs over 9,800 workers. Those familiar with the plans claim that Spotify Technology SA is considering personnel reductions as early as

In the aftermath of FTX’s unexpected demise, bitcoin lender Genesis Global Capital filed for bankruptcy, becoming the most recent business to fall. In the Southern District of New York, the

The investment, according to PhonePe, is the first installment of a $1 billion capital round. Financial and payment services unicorn The Walmart-backed business PhonePe has secured $350 million in a

The Tata Group, led by N Chandrasekaran, will soon make a new initial public offering (IPO). The most recent reports state that the group has started the process of listing

On Tuesday, as attitude shifted cautiously due to worries about another year of excessive borrowing, government bond rates closed modestly higher for the third session in a row. After ending

According to rumors in the media on Tuesday, Microsoft Corp. plans to remove thousands of employees, some of which are believed to be in the engineering and human resources departments.

In 2023, there will be an average of more than 1,600 layoffs of IT workers worldwide, including in India. The pace of these firings has accelerated due to concerns about

In December 2022, India’s exports decreased by almost 12% to $34.5 billion, while its imports decreased by 3% to $58.2 billion, leading to an increase in the trade imbalance. Sunil

A solid increase in core income helped HDFC Bank post on Saturday a 19.9% increase in net profit for the third quarter that ended in December 2022 at Rs 12,698

According to a recent report released on Monday, the richest 1% of Indians own more than 40% of the nation’s overall wealth, while the remaining half of the population collectively

According to Union Minister of Parliamentary Affairs Pralhad Joshi, the Parliamentary Budget Session will begin on January 31 and go till April 6. Due to several interruptions, the winter session

After increasing it to 13. 5-14. 5% in the September quarter, IT services provider HCL Technologies reduced its revenue outlook for FY23 to 13. 5-14% in constant currency. Additionally, it

The next G20 summit presents India with a “great opportunity,” according to Minister of Commerce and Industry Piyush Goyal, to showcase a number of its strengths and exhibit leadership in

A division bench of Justices Gautam Patel and S. G. Dige approved the company’s ability to produce, market, and sell the goods. The Johnson & Johnson company’s licence to produce,

As of 2024, Apple Inc. (AAPL.O) intends to begin using its own custom screens in its mobile devices as part of a push to bring more components in-house. The company

AC Charania, an Indian-American expert in the aerospace sector, has been appointed by NASA as its next chief technologist. He will be the agency’s primary counselor on technology policy and

TCS, a significant player in the IT industry, is seeing its share price rise today ahead of its results report later this evening. On the day of the earnings, January

In early trading on Monday, the rupee strengthened by 33 paise to 82.33 versus the US dollar, helped by a weaker US dollar and a strong trend in local stocks.

In order to increase bilateral trade and investment, India recently inked free trade agreements with the UAE in May 2022 and with Australia on December 29, 2022. According to Piyush

India, the world’s soon-to-be third-largest economy (and its largest democracy), is surpassing all other significant middle-income nations in the coming decades, according to an analysis by Eurasia Group. India’s rise

Sharad Pawar, the leader of the Nationalist Congress Party, has stated that the Union government needs to promote cooperative banks because they work for the ordinary people. According to the

Nitin Gadkari, the Union Minister for Road Transport and Highways, declared that the Bengaluru to Chennai Expressway project, which will cost a total of INR 17,000 crore, will be finished

Amazon has announced that it will let go of more than 18,000 employees in response to the recent wave of corporate layoffs. According to a public staff message from Chief