GCCs are no longer merely staffing conversations; they’re our customers: Tech Mahindra’s Jagdish Mitra
According to a top firm executive, the recent growth in global capability centers (GCCs) of multinational corporations (MNCs) in India is fueling demand as they become consumers for IT services
With hope for AI, Nvidia soars to the position of fourth-biggest corporation in the world by market capitalization.
With a 16.4% increase on Thursday following a quarterly earnings release that was above analysts’ projections, chipmaker Nvidia Corp. eclipsed all other companies in the world to become the fourth
An agreement to invest Rs 11,750 crore in a manufacturing facility is signed by Kalyani Steels and the Odisha government.
An agreement was inked by Kalyani Steel Ltd and the Odisha government on Friday to establish a manufacturing plant with a Rs 11,750 crore investment. The business released a statement
NBCC receives approval from the Greater Noida Authority to build five Amrapali projects for Rs 10,000 crore
The state-owned NBCC said on Wednesday that it has received clearance from the Noida Authority to build five Amrapali projects for Rs 10,000 crore. “NBCC (India) Limited has obtained the
On March 28, Akasa Air will launch its global operations, with its inaugural flight connecting Mumbai and Doha.
On Friday, Akasa Air announced that it will begin doing international business, offering flights to Doha beginning on March 28. “Starting 28 March 2024, Akasa Air will operate four non-stop
In the fiscal year 2023–2024, the IT sector is expected to add 60,000 new jobs, bringing the total workforce to 54.30 lakh.
This is little compared to the 2.7 lakh employment generated by the tech industry in the preceding fiscal year. The sharp decline in numbers coincides with demand pressure on the
Based on the Most Recent Data, Karnataka Has Surpassed Delhi and Maharashtra to Become the Nation’s Leader With 5,059 Public Charging Stations
Karnataka was the first state in India to introduce electric vehicle (EV) legislation in 2017, and it now has the highest number of public charging stations, according to statistics from
According to Doug Leone, a Former Managing Partner at Sequoia, AI Could Reinvent the Software Stack in Every Application
Speaking to more than 60 Peak XV & Surge founders in Silicon Valley, former managing partner of Sequoia Capital Doug Leone stated that artificial intelligence (AI) gives the chance to
The Government Is Considering Installing Concentrated Solar Power Plants in Parks Dedicated to Renewable Energy
The Union government now intends to install concentrated solar power systems for sizable renewable energy parks or farms, going beyond solar photovoltaic (PV) panels. According to senior officials who spoke
SII to Increase HPV Vaccine Production in Line With Government Vaccination Campaign
A business representative stated that the Serum Institute of India (SII), situated in Pune, intends to increase the yearly production capacity of the quadrivalent human papillomavirus (HPV) vaccinations to around
The Head of the Chandrayaan-3 Project Claims That India’s Grandiose Ambitions for a Space Station Are on Track
P Veeramuthuvel, Project Director of ISRO’s Chandrayaan-3 project, stated on Saturday that India’s lofty goals of having its space station by 2035 and sending an Indian astronaut to the moon
The Karnataka Government Authorizes Investments Totaling Rs. 6,407.82 Crore
128 projects totaling Rs 6,407.82 crores have been approved by the Karnataka State-Level Single Window Clearance Committee (SLSWCC), potentially creating 33,771 jobs throughout the state. According to a release, the
CG Power’s Semiconductor Testing Center Has Business Dealings With Thai and Japanese Firms
Renesas Electronics America Inc. and Stars Microelectronics (Thailand) Public Co. have entered into an agreement with CG Power and Industrial Solutions Ltd. to establish an Outsourced Semiconductor Assembly and Testing
Microsoft Teams and Tata Communications Want to Improve Business Collaboration in India
Tata Communications and Microsoft have partnered to improve connection and collaboration options for Indian businesses. According to ANI, the cooperation intends to provide businesses operating in the nation with more
Aether Industries Will Commission a 15-Megawatt Solar Power Facility in Gujarat’s Bharuch
Aether Industries plans to become more sustainable by commissioning a 15 MW solar power plant (Auto-Tracker Modules) under the Captive Power Producer (CPP) sector in Gujarat’s Bharuch district. Aether Industries
The Indian Consumer Goods Market Is Slowing, Although Rural Areas Are Showing Indications of Revival, According to NielsenIQ
Sales volume growth in the Indian consumer goods industry slowed sequentially in the October-December quarter due to lackluster sales at mom-and-pop businesses, according to market researcher NielsenIQ on Tuesday, even
China Aims to Increase Chip Production Despite US Restrictions – FT
Chinese chipmakers intend to produce next-generation smartphone processors as early as this year, despite US efforts to limit their development of breakthrough technology, according to the Financial Times. Semiconductor Manufacturing
Digi Yatra: No Centralized Storage, Data Retained on Passengers’ Devices, the Government Says Rajya Sabha
On Monday, the Civil Aviation Ministry informed the Rajya Sabha that a passenger’s personal information is saved in the traveler’s mobile wallet, with no centralized storage. In response to a
According to Bhavish Aggarwal, Ola Scooters Would Last Twice as Long as Petrol Scooters and Come With an Eight-Year Warranty
India’s first-ever electric vehicle (EV) manufacturer, Ola Electric, has introduced the S1X (4kWh) scooter. The scooter, which costs ₹1,09,999, has a 6kW motor and can travel 190 miles on a
Registrations in Mumbai Real Estate Have Increased 21% YoY, With 500–1,000 Sq Ft Homes Predominating
10,901 properties were registered in January 2024, according to the Mumbai real estate market, which is 21% larger than the 9,001 property registrations in January 2023. Monthly (M-O-M) data shows
Cinco Dias Reports That Meta Leases the Data Centers of the Spanish Real Estate Firm Merlin
Cinco Dias, a newspaper, said on Wednesday that Facebook’s owner Meta Platforms had rented data centers owned by Spanish real estate company Merlin Properties. The allegation cited unnamed individuals inside
According to 81% of Recruiting Managers, Text-Based Resumes Will Be Obsolete Within Five Years
According to research, 81 percent of Indian recruiting managers believe text-based resumes will become outdated over the next five years. Hiring managers are concerned because nearly half of the resumes
Tata Steel’s CEO Sees Clear Skies for Europe Operations in the Next Years Following the Reorganization
Tata Steel intends to finish its UK operations reorganization over the next nine months, which may help the business reduce years of losses, according to Managing Director and Chief Executive
PM Modi Will Unveil Rs 19,100 Crore Development Projects in Uttar Pradesh’s Bulandshahr
Prime Minister Narendra Modi will unveil development projects worth over Rs 19,100 crore in Bulandshahr, western Uttar Pradesh, on Thursday, according to authorities. Modi will light off goods trains from
AM Renewable Partners With Envision Energy for Wind Turbines and Renewable Hydrogen
AM Green, a hydrogen and green ammonia venture wholly owned and controlled by Greenko Group’s founders, has signed a Memorandum of Understanding (MOU) with Shanghai-based Envision Energy International to manufacture
Davos 2024: AI Presents Enormous Opportunities for India, Says Microsoft Asia’s Ahmed Mazhari
Ahmed Mazhari, President, of Asia, Microsoft, told Moneycontrol at the World Economic Forum (WEF) in Davos that Indian technology businesses have a tremendous chance to become enabling engines at this
India Has Yet to Decide on Reducing Tariffs for Imported EVs, While Local Companies Protest Tesla
India has not decided whether to reduce import duties on electric cars (EVs) under a new policy suggested for carmakers who commit to local manufacture, which might facilitate Tesla’s entrance
From ‘100% Delivery Using EVs’ to ‘Plastic-Free Food Orders’, Zomato Sets Environmental Targets
Zomato declared aims for 2030 to safeguard and maintain “sustainable growth of the platform economy and all its stakeholders” on Wednesday. The food aggregator’s sustainability aims are organized around eight
Davos 2024: JSW Will Spend Rs 9,000 Billion in Developing an Electricity 1500 MW Pumped Storage Facility in Telangana
JSW Neo Energy, a subsidiary of JSW Energy, has announced plans to build a 1,500 MW pumped storage facility in Telangana for Rs 9,000 crore. An official announcement published on
78% of Indian Students Prioritize University Rankings for Overseas Study According to a Survey
According to a recent poll performed by study abroad consultancy Fateh Education, 78 percent of Indian students interested in studying abroad believe university rankings to be an important element affecting
Bengaluru Traffic Police Deploys AI-powered ASTraM, to Offer Congestion Warnings
Bengaluru traffic police have used ASTraM (Actionable Intelligence for Sustainable Traffic Management) to address the city’s congestion concerns. “ASTraM is a smart traffic engine offering comprehensive insights into the road
India’s First Bullet Train Is Likely to Go Out in 2026, According to Railway Minister Ashwini Vaishnaw
Union Railway Minister Ashwini Vaishnaw made a momentous statement during the Vibrant Gujarat Summit, revealing that India’s first bullet train would begin operations in 2026. Vaishnaw said that the initial
Google Layoffs off Hundreds Working On the Assistant Software and Other Aspects of the Corporation
Alphabet’s Google said on Wednesday that it is laying off hundreds of individuals working on its voice-activated Google Assistant software, as well as removing a comparable number of posts in
Strides Towards E Mobility; Government Mulls Building 6,000 Kilometers Of EV-Ready Highways On Golden Quadrilateral
The government is planning to create 6,000 kilometers of electric vehicle-ready roads along the Golden Quadrilateral to cut fuel consumption and vehicular emissions by electrifying intercity public transportation. This is
Maruti Will Spend Rs 35,000 Crore to Establish Its Second Manufacturing Factory in Gujarat: Toshihiro Suzuki
Maruti Suzuki India would spend Rs 35,000 crore to establish its second manufacturing site in Gujarat, Suzuki Motor Corporation President Toshihiro Suzuki said on Wednesday. Speaking at the 10th Vibrant
Not abandoning diesel automobiles because consumer demand is high Mercedes Benz India’s VP of Sales
Despite the fact that other luxury carmakers’ Indian subsidiaries, such as Audi and Volvo, are discontinuing diesel-powered models, Mercedes-Benz India has opted to continue producing diesel vehicles. A senior corporate
Retail Car Sales in India Increased by 21% in December Due to High Demand for Two-Wheelers, According to the Dealer Organization
Retail vehicle sales in India increased by 21% in December, the quickest rate since 2023, owing to strong demand for two-wheelers and substantial discounts on passenger cars, according to a
Gujarat, India, Is in Negotiations With Chipmakers in Japan, the United States, and South Korea
Gujarat state in India is in negotiations with semiconductor businesses in Japan, South Korea, and the United States about investment, Gujarat Chief Minister Bhupendra Patel told Reuters on Thursday. Gujarat,
New Retail Space Supply Increased by 72% Last Year to Approximately 60 Lakh Square Feet in the Top Eight Cities: Cushman
According to Cushman & Wakefield, the new supply of retail space in shopping malls climbed 72 percent last year to 59.48 lakh square feet across eight major cities to match
According to Study Abroad Advisers, New Zealand, France, and Germany May Draw More Indian Students in 2024
With an increasing number of Indian students investigating alternate places such as Germany, France, and New Zealand, the international education scene may undergo a dramatic upheaval. This move might be
Telangana Would Provide the Essential Assistance to Amara Raja’s Rs 9,500 Crore Project, According to CM Revanth Reddy
The Telangana government would provide the required assistance to Amara Raja Group’s advanced chemistry cell gigafactory and battery pack assembly plant, which is being built in Mahbubnagar district, said Chief
The Ministry of Transport Has Asked Airlines to Be Fair to Passengers in the Event of Flight Delays or Cancellations
The Union Ministry of Civil Aviation has advised airlines and operators to do right by customers despite flight cancellations and delays caused by fog and other operational problems. The new
Gujarat’s Semiconductor Strategy Is Attracting Japanese and South Korean Companies, According to Officials.
In line with India’s Semiconductor Mission, Gujarat became the first state to implement a semiconductor policy in 2022, with several companies from Japan, South Korea, New Delhi, and Bengaluru expressing
From the Hyundai Creta Facelift to the Mercedes Gls Facelift, These Are the Upcoming Automobile Debuts in January 2024
The forthcoming new year seems to offer excitement to vehicle aficionados in India, with numerous attractive car launches planned for the first month of 2024. Leading Korean automakers Kia and
Kalpataru Projects International Receives Orders for Rs 3,244 Crore and Expands Into the Metro Tunneling Market
Kalpataru Projects International, an engineering and construction business, announced fresh orders worth Rs 3,244 crore from international subsidiaries and joint ventures, as well as its entry into the underground metro
On Reliance Family Day, Mukesh Ambani Pays Homage to His Father Dhirubhai, Emphasizing His Vision for the Future.
In a discussion with business workers, Reliance Industries Chairman and Managing Director Mukesh Ambani offered his thoughts on the heritage of founding chairman Dhirubhai Ambani. They provided a compelling vision
According to Russia’s Deputy Prime Minister, Almost All of Our Oil Exports in 2023 Will Be Shared Between India and China.
According to Alexander Novak, Russia’s Deputy Prime Minister, almost the whole volume of Russian crude exports in 2023 will be shared between India and China. Almost half of all exports
Over 900 MBBS Students Registered at Overseas Universities Without Being Eligible
According to the National Medical Commission (NMC), 972 students have gone overseas to study medicine without acquiring an eligibility certificate. If an applicant earns qualifying without getting an eligibility certificate,
In the First Half of 2023, Indian Investors Spent USD 335 Million in Dubai’s Market
Between 2020 and H1 2023, Dubai saw considerable FDI from Indian investors totaling USD 1.6 billion. Dubai’s geographical position, along with tax-friendly legislation, serves as a significant incentive for Indian
DPIIT Is Collaborating With 24 Sub-Sectors to Enhance Manufacturing, and Exports, and Reduce Imports
According to an official Department for promotion of Industry and Internal Trade (DPIIT) is collaborating with 24 sub-sectors, including furniture, aluminum, agrochemicals, and textiles, to promote local production, increase exports,
Puma, Decathlon, and Adidas Make a Big Impression! In the Previous Two Years, Sales of Sports Brands Have Skyrocketed
Sales of over a half-dozen top sports companies, ranging from running shoes and joggers to dumbbells and yoga mats, have skyrocketed in the last two years, both during and after
Essar Has Chosen a Technological Partner for Its Industrial Carbon Capture Project in the United Kingdom.
Essar Oil UK announced on Friday the selection of Denmark-based Topsoe as a second key licensor technology supplier for the establishment of an industrial carbon capture plant as part of
Domestic Shipping Companies May See a 5-7% Drop In Revenue. Crisil Is the Next Fiscal Year.
Hippers expect a 5-7% drop in revenue next fiscal year as charter rates adjust. Profitable operations and moderate capital expenditures to sustain credit profiles. Domestic shipping businesses’ income might fall
Jio and Airtel gained approximately 48 lakh mobile customers in September, while VIL lost 7.5 lakh: Trai information
According to Trai monthly figures, Reliance Jio attracted 34.7 lakh mobile users in September, consolidating its lead in the competitive telecom sector, while Airtel’s wireless subscriber total increased by 13.2
Analysts and authorities predict that India’s steel consumption will decline in FY25 as elections approach.
Analysts and industry executives predict that India’s steel demand will decrease in the next fiscal year, which begins in March, due to a massive general election that will postpone government
Preferred Networks, a Japanese business, develops its own AI processors to overcome bottlenecks.
Preferred Networks, a Japanese firm, is increasing its investment in customized artificial intelligence chips to secure access to crucial hardware as developments in generative AI fuel a worldwide investment boom.
The Karnataka Government Mandates Adults Over the Age of 60 and Those With Comorbidities to Wear Face Masks
Following the discovery of a case of COVID-19 sub-variant JN.1 in neighboring Kerala, the Karnataka government ordered that persons over the age of 60 who had comorbidities and symptoms of
Jefferies Calls Indian Hospitals the Top Growth Industry for FY24-26, Citing an Expected Capacity Boom.
The industry will be marked by rapid bursts of growth and times of moderate development, but it will witness significant capacity expansion and an increase in average revenue per occupied
According to Us Research, ChatGPT Is Restricted in Generating Environmental Justice Information in Rural Regions
Researchers observed ChatGPT’s limitations in providing location-specific information regarding environmental justice problems, which they believe may indicate the chatbot’s geographic biases. The researchers at Virginia Tech University in the United
‘Education and medicine are certainly sectors where AI can be used,’ says Vivek Raghavan, co-founder of Sarvam AI.
The introduction and evolution of artificial intelligence (AI) has resulted in a spike in its use in a variety of disciplines, including writing and editing media, where there has been
Gujarat State Government Said Its Focused Semiconductor Strategy Is Attracting International Firms
The state government of Gujarat claims that the decision by chip manufacturer Micron Technology to establish a $2.75 billion factory in Sanand, close to Ahmedabad, is evidence that the state’s
A Microchip Was Released by Telecom Italia to Improve Cybersecurity Services.
On Thursday, Telecom Italia (TIM) unveiled a brand-new microprocessor that it created to enhance cybersecurity in areas including defense systems, cloud computing, and mobile devices. TIM Chief Executive Pietro Labriola
Smartworld Developers Plans a Rs 3000 Crore Investment in a High-End Residential Complex in Gurugram.
The desire for luxury real estate is rising, and developments that combine opulent living with first-rate facilities are driving this trend. Over the last several years, the Golf Course Road
Exponent Energy Has Raised $26 Million in a Series B Investment Headed by Eight Roads Ventures
Eight Roads Ventures Leads a $26 Million Series B Financing for Exponent Energy. Exponent Energy, an electric vehicle charging infrastructure business, reported on December 14 that it had secured $26.4
Education, Healthcare, and EV Industries Will Boost Employment Growth in Q4 FY2024, According to a Report
According to research produced by staffing behemoth TeamLease Services Ltd., the educational services, electric vehicle, and healthcare & pharmaceuticals sectors expect to retain or expand their personnel in the fourth
Retail Inflation Is Currently Constant, With Only Minor Fluctuations Owing to Demand-Supply Mismatches: FM
On Monday, Finance Minister Nirmala Sitharaman said that retail inflation is currently “stable” and that transient surges in inflation are driven by demand-supply mismatches induced by global shocks and unfavorable
According to Insiders, Huawei Has Approached Audi and Mercedes About Investing in Its Smart Vehicle Company
According to three individuals familiar with the conversations, China’s Huawei Technologies has asked Mercedes-Benz and Volkswagen’s Audi whether they want to purchase modest holdings in its smart vehicle software and
Cooking Gas LPG Prices for Ujjwala Customers Are the Lowest in India When Compared to Neighboring Countries: Govt
The price of household cooking gas LPG for beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) is the lowest in India when compared to prices in neighboring nations, said Petroleum
Following strong growth in 2023, the hospitality sector anticipates recruiting to accelerate.
According to industry participants, the Indian hospitality and tourism sector is anticipated to undergo faster employment in the coming years after seeing significant growth this year, with domestic travel leading
According to Research, 96% Of Indian Enterprises Have Requested Workers to Return to Work in Whole or in Part
According to Cisco research, about 96 percent of organizations in India have forced a complete or partial return to the office, with productivity, team collaboration, and leadership pressure as important
An Industry Association Has Asked the PM for Assistance in Increasing International Visitor Arrivals
The Indian Association of Tour Operators (IATO) has written to the Prime Minister’s Office (PMO) requesting the government to make efforts to enhance inbound tourism. According to statistics given by
Tata Group Intends to Build a New iPhone Assembly Factory in Hosur, Which Would Increase Apple’s India Manufacturing
According to Bloomberg, Tata Group plans to build one of India’s biggest iPhone assembly factories, aligning with Apple Inc.’s ambition to increase its manufacturing presence nationwide. According to insiders, the
Over the Next Three to Four Years, the Area of Shopping Malls Is Expected to Increase by 35%. Crisil Ratings
Prominent research organization Crisil Ratings predicted that over the next three to four years, the amount of area devoted to shopping malls in the nation would rise by 35 percent.
Gopal Rai Instructed Agencies: To Strictly Enforce Restrictions on the Use of Biomass Burning and Polluting Cars
On November 24, when the national capital’s air quality deteriorated once again, Delhi Environment Minister Gopal Rai gave the relevant authorities and ministries stringent instructions to enforce restrictions on cars
99.2% Of Smartphones Are “Made in India,” According to Ashwini Vaishnav, Who Analyzes the Sector’s Rapid Rise in India
November 25 (ANI): Ashwini Vaishnav, the Minister of Electronics and Information Technology, announced a success in the mobile business on social networking site X. He disclosed in a post that
For Rs 128 Crore, Fortis Healthcare Will Sell Fortis Malar Hospital to MGM Healthcare
On November 24, Fortis Healthcare Limited, an integrated healthcare delivery service provider, stated that it has inked formal agreements to sell Fortis Malar Hospital in Chennai to MGM Healthcare Private
On December 1, Prime Minister Modi Will Attend Un Climate Talks in the United Arab Emirates
According to reports, Prime Minister Narendra Modi will attend the United Nations Climate Change Conference in Dubai on December 1 and give a national address showcasing India’s climate initiatives. According
BITS Pilani and Aditya Birla Capital Foundation Collaborate With NITI Aayog’s Women Entrepreneurship Platform to Help Women Start Businesses in India
Pilani Innovation and Entrepreneurship Development Society (“PIEDS”), BITS Pilani’s technology business incubator, has announced the launch of its start-up program, ‘Womenpreneur for Bharat 1.0,’ in collaboration with the Women Entrepreneurship
Indian Skilled Workers, Medical Professionals, and Students Top the UK Visa Tally
According to official immigration figures announced here on Thursday, Indian skilled workers, medical professionals, and students maintained their dominance in the UK’s visa count during the last year. According to
On China’s Singles Day, the Value of Apple Sales Falls Short of Huawei and Xiaomi
According to Counterpoint Research, Apple suffered a fall in the value of smartphone sales during China’s recent Singles Day shopping festival, behind Chinese competitors Huawei and Xiaomi, who saw significant
According to Disney, 518 Million Indian People Watched the Cricket World Cup on Television
During the 48-day men’s cricket World Cup, a record 518 million Indian viewers tuned in to Walt Disney-owned television networks, according to the entertainment company on Thursday. Disney paid roughly
According to Reports, Elon Musk’s Tesla May Debut Its Most Affordable Vehicle in India After Germany
Tesla, the electric vehicle company founded by billionaire Elon Musk, will offer its most cheap model – a two-door sedan – in Germany. According to Moneycontrol, the identical electric automobile
Titan Intends to Hire Approximately 3,000 People in the Next Five Years and to Increase the Number of Engineers by 50%
Titan Company, a lifestyle company, intends to recruit approximately 3,000 individuals over the next five years. While the firm will continue to increase its portfolio of products across Tanishq, Mia,
NIO and Changan Auto in China Will Collaborate to Create Battery-Swapping EVs
Chongqing Changan Automobile and Nio (NYSE: NIO) have collaborated on battery swap network sharing, making the latter the company’s renowned energy replenishment network’s first external partner. Nio today announced the
The Maharashtra Government Plans to Employ AI to Create Resumes for Young Individuals to Assist Them in Securing Employment
The Maharashtra government’s Skill Development and Entrepreneurship Ministry has announced the commencement of an initiative in which it would utilize artificial intelligence to create and write resumes for one lakh
Online Sellers Seek FDI in an Inventory-Based Model of E-commerce for Export Purposes
According to a senior government source, the e-commerce sector has urged that the government allow foreign direct investment (FDI) in inventory-based online trading models exclusively for export reasons. The country’s
Due to an Upcoming Import Restriction, India’s PC Shipments Increased to a Record 4.5 Million in July-September, According to IDC
According to International Data Corp. (IDC), India’s personal computer (PC) sales reached a record 4.5 million units during the July-September quarter of 2023, representing a 14% year-on-year (YoY) growth. According
According to a Survey, More Than 55% Of Organizations Are Not Adopting AI Technology to Optimize Personnel
According to the 2023 Workforce Health Index by learning solutions provider Cornerstone OnDemand, more than 55% of organizations in India are not currently embracing artificial intelligence or AI technology to
The Government Has Reduced the Windfall Tax on Crude Petroleum to Rs 6,300 per Tonne, While the Tax on Diesel Has Been Cut In Half
On November 16, the Union government reduced the windfall tax on crude petroleum from Rs 9,800 to Rs 6,300 per tonne. According to the statement, the special additional excise tax
Mumbai Real Estate Update: The Holiday Season Has Resulted in a 30% Increase in Property Registrations
During the Navratri and Diwali 2023 festival season, the Mumbai real estate market had 12,600 property registrations. According to Knight Frank India, a real estate advisory business, the Christmas season
Hyderabad Has a 25% Year on Year Increase in Property Registrations for October 2023: Report
According to the most recent Knight Frank India report, Hyderabad registered 5,787 residential properties in October 2023, representing a 25% year-on-year (YoY) increase. The overall value of properties registered during
Sonia Eland Has Been Appointed as the National Manager for HCL Tech’s Operations in Australia and New Zealand
HCL Technologies (HCLTech) announced on Tuesday the hiring of Sonia Eland as executive vice president and country manager for its Australia and New Zealand operations, effective April 1, 2024. Eland
Global EV Sales Remain High, With China Setting a Record Despite the Termination of Subsidies
According to market research company Rho Motion, worldwide electric vehicle sales are continuing to rise, with China reporting record monthly sales in October despite the removal of subsidies. China stopped
Registrations for Real Estate Properties in Pune Rose 27% Year Over Year in October 2023
The Inspector General of Registration and Controller of Stamp (IGR) of the Maharashtra government’s Department of Registrations and Stamps reported that the property registrations in Pune district increased by 27
In February 2024, “Tiger” Tyagarajan Will Retire, and Genpact Will Name BK Kalra as His Replacement as CEO
Global professional services company Genpact has revealed its strategy for leadership succession. NV “Tiger” Tyagarajan, the company’s president and CEO, has announced his retirement on February 9, 2024. Balkrishan “BK”
Meta to Require Disclosures for AI-Created, Altered Political Ads
On Wednesday, Meta said that it would force sponsors to provide notice when politically charged, election-related, or social issue advertisements include potentially deceptive artificial intelligence (AI)-generated or modified material. The
L&T Construction Receives Significant Orders From the Odisha and MP Water Resources Ministries
Larsen & Toubro Ltd.’s construction unit has received significant orders for its water and effluent treatment (WET) division, the company said in an exchange filing. Larsen & Toubro Ltd, abbreviated
India Will Continue to Be a Coking Coal Export Market, but Increasing Costs Are a Worry, According to the Industry Association ISA
According to the industry association ISA, India will continue to be the leading coking coal export destination in the foreseeable future, despite rising costs hitting the local steel sector the
India’s 5G Smartphone Shipment Increased to 57% In Q3, With Samsung Leading the Way.
According to recent research, India’s 5G smartphone shipment share increased to 57% in the third quarter (Q3) of this year, representing a 78% year-on-year increase. According to CyberMedia Research (CMR),
Intel Collaborates With Eight Indian Manufacturers on ‘Make in India’ Laptops
On November 3, global chipmaker Intel announced a collaboration with eight homegrown Electronics Manufacturing Services (EMS) companies and Original Design Manufacturers (ODMs) to manufacture laptops in India, at a time
Arvind Fashions of India Will Sell Its Sephora Retail Subsidiary to Ambani’s Reliance Industries.
Arvind Fashions said on Friday that it would sell its beauty brands segment, which sells LVMH-owned Sephora items, to billionaire Mukesh Ambani’s retail company Reliance Retail for 990.2 million rupees
Palantir Anticipates Revenue For Its AI Platform To Exceed Expectations.
Palantir Technologies estimated fourth-quarter revenue above market expectations on Thursday, citing high demand for its new artificial intelligence platform from customers including US federal agencies. In premarket trade, shares of
Fibmold, A Sustainable Packaging Startup, Has Received $10 Million In Funding From Omnivore And Accel.
Fibmold, founded in October 2022 by Param Gandhi and Vaibhav Garg, creates environmentally friendly, molded fiber packaging materials that imitate the functionality of hard plastics. According to the business, its
Deepesh Nanda Has Been Named President-renewables And CEO And Managing Director Of Tata Power Renewable Energy.
Deepesh Nanda was named President-Renewables and CEO & MD of Tata Power Renewable Energy Limited (TPREL) by Tata Power on Wednesday. Tata Power Firm Limited is an Indian electric utility
Britain Brings Together Political And Technological Heavyweights To Discuss Artificial Intelligence
On Wednesday, Britain will host the first AI Safety Summit, which will bring together governments, universities, and firms working at the bleeding edge of artificial intelligence to discuss how, and
China’s State Semiconductor Fund Invests $2 Billion In Memory Chip Company
According to public documents, China’s state-backed chip investment fund invested 14.56 billion yuan ($1.99 billion) in Changxin Xinqiao, a memory chip business. The deal saw China Integrated Circuit Industry Investment
Tongyi Qianwen, An AI Model Developed By Alibaba, Has Been Upgraded, And Industry-specific Models Have Been Released
In the midst of a growing AI competition among internet firms, Chinese technology giant Alibaba said on Tuesday that it has upgraded its artificial intelligence (AI) model Tongyi Qianwen and
In Terms Of Fair Working Conditions For Gig Workers, Bigbasket Has The Greatest Grade, While Ola And Porter Get Zero.
According to research published on Monday, Ola, Porter, Uber, Dunzo, Amazon Flex, and Flipkart are the poorest performers in India in terms of fair employment and working conditions for gig
Airtel Collaborates With Microsoft To Provide Integrated Calling Services Via Airtel Iq For Teams
Airtel, India’s leading telecommunications service provider, has announced a collaboration with Microsoft to deliver calling services on Microsoft Teams via an interface with Airtel IQ. Airtel held a 32.2 percent
Powerchip Semiconductor Manufacturing Will Construct A Chip Manufacturing Plant In Northern Japan
Powerchip Semiconductor Manufacturing intends to develop a chip facility in northern Japan’s Miyagi prefecture with an initial expenditure of approximately 400 billion yen ($2.67 billion), according to the Nikkei business
Harley-Davidson Q3 Results: Profit Plunges 24% Due To Drop In Discretionary Spending
Harley-Davidson Inc., an American motorcycle manufacturer, announced a 24% drop in earnings for the third quarter that ended September 30. Harley-Davidson, a luxury motorcycle manufacturer, is well-known for its astute
On November 8, Government Officials Will Meet With Representatives From Airlines And Travel Portals To Examine Consumer Complaints
The Centre has convened a conference on November 8 with top officials from all airlines and travel portals to consider allegations such as a refund not being provided after ticket
Mercedes Claims That The ‘Brutal’ EV Industry Would Put Pressure On Automobile Sales Margins
As third-quarter profits slipped, Mercedes-Benz said a “brutal” electric vehicle market with substantial price cuts and supply chain challenges meant it would likely meet the lower half of its 12-14%
Airtel Has Launched India’s First Omni-channel Cloud Platform For CCaaS (Contact Centre As A Service)
Bharti Airtel, one of India’s top telecoms service providers, today announced the introduction of Airtel CCaaS (Contact Centre as a Service), an industry-first omnichannel cloud platform that provides a consistent
Due To Festive Demand And Restricted Supply, Indian Wheat Prices Have Reached An Eight-month High
On Tuesday, Indian wheat prices reached an eight-month high, spurred by strong demand for huge holidays, limited supply, and import tariffs, which makes offshore procurement impracticable for local flour mills.
India’s 2047 development objective provides chances for investment in the marine sector: PM Narendra Modi
Prime Minister Narendra Modi lauded India as a rising maritime power on Tuesday and asked global investors to join India’s journey towards becoming a prosperous country by 2047. Modi virtually
Kothari Industrial Corporation Established A Drone Section To Serve Agricultural Areas
Kothari Industrial Corporation Ltd, a subsidiary of the DC Kothari Group, announced on Friday the establishment of a distinct drone section to deploy drone technology in farmlands. Agriculture now entails
According To Commerce Secretary Sunil Barthwal, India Would Not Put Restrictions On Laptop Imports
India is backtracking on an earlier intention to put limitations on laptop imports, months after hastily announcing such plans, which drew outrage from businesses and the US government. The usage
Bluwheelz Will Use Sun Mobility’s Battery Swap Technology To Deploy Over 15,000 Electric Cars
Sun Mobility, a leading supplier of sustainable urban mobility solutions, has joined forces with Bluwheelz in a strategic alliance. Sun Mobility is an electric mobility energy infrastructure and services provider.
As The Capex Cycle Nears Completion, Reliance Jio Will Concentrate On 5g Monetization
Reliance Jio, Reliance Industries Limited’s telecom business, is anticipated to turn its attention to monetizing 5G services as its 5G capital expenditure (capex) cycle nears completion. In India, Reliance Jio
Claudia Goldin has been Awarded the Nobel Prize in Economics for her Work on the Labor Market Outcomes of Women
The Royal Swedish Academy of Sciences announced on October 9 that Professor Claudia Goldin has been awarded the Nobel Prize in Economics 2023. The Nobel Prize in Economic Sciences is
China Travel Recovers During Golden Week, but Falls Short of Government Expectations
Domestic travel in China increased year on year and surpassed pre-pandemic levels over the eight-day Golden Week vacation, according to official statistics, although growth slowed and fell short of government
India’s Car Sales Increased by 20% in September, and the New 2-Wheeler Record Demonstrates a Rebound in Rural Areas
Overall car sales in India increased 20% year on year in September, with new records set in the two-wheeler (2W) and three-wheeler (3W) categories ahead of the expected holiday surge.
Superdry, the Failing Apparel Retailer in the United Kingdom, has Agreed to Sell its Intellectual Property Rights to Mukesh Ambani’s Reliance Retail
Superdry is a clothes and accessories shop that also sells footwear and cosmetics. Shirts, tops, t-shirts, polo shirts, hoods and sweatshirts, jeans, joggers, skirts, jackets, knits, shoes, luggage, and accessories are all part of the company’s product line.
As Beijing Tightens Inspection, Apple Imposes a New check on Applications in China
Apple has begun requiring new applications to show confirmation of a Chinese government license before being released on its China App Store, following in the footsteps of local competitors who had implemented the policy years earlier to comply with tighter state rules.
For Foreigners, China’s Tourism Strategy Promises Easy Visas, Payment Options, and Vacation Reservations
As the nation started its National Day “golden week” vacation, China outlined a strategy to strengthen the tourist sector and attract more foreign visitors by restoring visa-free rules and making
Shakuntalam Landcraft would spend Rs 1500 crore in Greater Noida to build an industrial park
Shakuntalam Landcraft, a real estate developer, proposes to spend Rs 1,500 crore in developing an industrial park on a property that originally housed South Korean automaker Daewoo Motors’ production unit in Surajpur, Greater Noida, close here.
Shyam Metalics & Energy Ltd Will Produce Aluminium Foil for The Manufacture of Lithium-ion Cells
Shyam Metalics and Energy Limited, an integrated metal manufacturer, made its debut in the energy storage market on Monday with battery-grade aluminium foil, a key component in lithium-ion cells.
According to WoodMac, the EU’s carbon mechanism will cause a significant increase in steel import prices
According to Wood Mackenzie, the EU’s carbon emissions program is projected to dramatically boost the price of steel imports from India and China if completely implemented in 2034, while higher-emissions steel will likely move elsewhere.
Nine Vande Bharat trains will be presented on Sunday
Nine Vande Bharat train trips are expected to begin. Jaipur-Udaipur, Patna-Howrah, Ranchi-Howrah, Hyderabad-Chennai, Chennai-Tirunelveli, Indore-Jaipur, Puri-Rourkela, Jaipur-Chandigarh, and Jamnagar-Ahmedabad are among the new routes being introduced.
Ex-CEO of Cars24 and Grip create Electrifi Mobility to promote EV electrification in India
Kunal Mundra, the former CEO of Cars 24 India, has joined with digital investing platform, Grip, to launch EV asset management and leasing startup, Electrifi Mobility, in June 2023, to increase mobility electrification in India, Electrifi Mobility said on Thursday.
Former Qantas CEO Alan Joyce receives a nearly 900% compensation increase, but his bonus is reduced due to pending lawsuits.
Former Qantas Airways CEO Alan Joyce departed the firm with an 872% salary rise, citing long-term incentives that had been due for years. However, the corporation said that it had
Aditya-L1 of the Indian Space Research Organisation (ISRO) starts gathering scientific data on solar research endeavors
Aditya-L1 has begun gathering scientific data, marking a significant step forward in India’s solar research endeavors. ISRO announced the information today on its official X (previously Twitter) feed.
Indian Renewable Energy Development Agency files draft paper for IPO
To raise money via an initial public offering (IPO), the government-owned Indian Renewable Energy Development Agency (Ireda) has submitted its draught red herring prospectus (DRHP) to the Securities and Exchange Board of India (Sebi).
Russia-Ukraine war “making humanity tired”, says Brazilian president
On the Russia-Ukraine crisis, India worked very closely with Brazil, South Africa, and Indonesia. I want to say that it was the emerging markets that played a key role. There was very tough, very ruthless negotiations for several days non-stop.
G20 Summit: PM Modi calls on world leaders to overcome ‘trust deficit’
The opening statements of the G20 Summit in Delhi were made by Prime Minister Narendra Modi on September 9. ‘Bharat’ was written on the nameplate that the Prime Minister used to deliver the opening remarks at the G20 conference.
Delhi Traffic Police Opens Help Desk for Real-Time Updates During G20 Summit
The G20 Virtual Help Desk for real-time traffic information during the G20 Summit was created by Delhi Traffic Police in an effort to guarantee smooth traffic flow on September 9 and 10 and assist commuters in avoiding snarls.
Due to the forthcoming G20 Summit, Delhi’s schools, universities, and companies will be closed from September 8 to September 10
She said that all workplaces and educational institutions in the city will be closed from September 8 to September 10 in anticipation of this renowned event. Atishi, a well-known Aam Aadmi Party (AAP) member, stated during the news conference that Delhi was prepared to host the foreign delegates for the G20 Summit.
Amazon is ‘enthusiastic’ about India and believes there is space for economic growth, according to India business head Manish Tiwary
Powered by digitalization, economic growth, and younger demographics, e-commerce giant Amazon is “excited” about the Indian market, according to Manish Tiwary, its country head, who also claims that the country’s e-commerce possibility “is huge” in the long term.
By 2027, the personal care and cosmetics industry in India will reach $30 billion
According to research released by Redseer Strategy Consultants and Peak XV, the personal care and cosmetics industry in India is anticipated to reach $30 billion by 2027, or around 5% of the worldwide market.
August saw a 5-fold increase year over year in TVS Motors’ EV sales, with a 4% increase in total sales
TVS Motor Company reported a 440 percent YoY increase in EV sales in August on Friday. With headquarters in Chennai, India, TVS Motor Corporation is an international two-wheeler corporation.
A contract worth Rs 350 crore is granted to Titagarh Rail Systems for the Ahmedabad Metro project
The Gujarat Metro Rail Corporation (GMRC) has awarded a contract for Rs 350 crore to Titagarh Rail Systems Ltd (TRL), formerly known as Titagarh Waggons, for the design, construction, supply, testing, commissioning, and training of 30 standard gauge cars.
More made-in-India goods will be offered by Philips
Royal Philips announced on Tuesday that it will produce more personal health products in India as a result of increasing production at its co-manufacturing facility in Baddi, Himachal Pradesh, which will now also produce mother and child products in addition to the beauty and grooming items already produced there.
Airtel Uganda intends to raise $216 million through an initial public offering
The Airtel Uganda Ltd. subsidiary of Airtel Africa plc, which is funded by billionaire Sunil Mittal and offers telecom services, said in a statement on Tuesday that it intends to generate $216 million through an initial public offering (IPO) of 800 billion Ugandan shillings (UGX).
August 2023: Expect reasonable retail sales growth across all sectors, with PV deliveries likely to increase by 4% to 5% year over year
Two-wheeler retail sales are anticipated to increase by 4-5%, whereas analysts predict that passenger vehicle (PV) retail sales will increase by 5-7% year over year. Additionally, because of the impending holiday season, freight demand is predicted to increase post-monsoon, which might result in 4-6% YoY growth for MHCV retail.
The second green energy transmission project in Rajasthan is secured by Sterlite Power
Sterlite Power announced that it had received the order for the Part F Transmission project for Rajasthan Phase-III (20GW). This is Sterlite Power’s second foray into transmission projects for green energy in Rajasthan.
To expand its green portfolio, TVS Motors would invest Rs 3,900 crore over the next four to five years
According to Sudarshan Venu, MD of TVS Motors, the business would invest Rs 3,900 crore over the next four to five years to expand its green portfolio as it works with BMW’s Motorrad to create brand-new petrol and electric platforms for the Indian and global markets.
Before the G20 meeting, the new runway at Delhi Airport is anticipated to open
The runway was opened on July 14, 2023, making it the fourth runway in use at IGIA. Due to the instrument landing system’s (ILS) delayed activation, the new runway has only been utilized for takeoffs since it was commissioned.
Rafael Nadal was appointed by Infosys as the company’s brand and digital innovation ambassador
Rafael Nadal and IT giant Infosys have a three-year agreement that was revealed on Thursday. He is regarded as one of the greatest athletes of all time, but he has also shown the capacity to adapt to the demands of tennis as they have changed through time.
India’s diesel shipments to Singapore reached record highs in August, while those to Europe decreased
Due to lower freight costs and low inventory levels in the Asian oil hub, India’s diesel shipments to Singapore are expected to reach a 19-month high in August and surpass 330,000 metric tonnes, according to traders and experts.
Reliance Retail Ventures will get an 8,278 crore investment from Qatar Investment Authority in exchange for a 0.99% ownership holding
Reliance Retail Ventures Limited (“RRVL”) announced today that the Qatar Investment Authority (“QIA”) will invest 8,278 crore in RRVL, a subsidiary of Reliance Industries Limited, through a wholly-owned subsidiary.
For a $250 million investment into Mahindra InvIT, international investors APG, IFC, and AIIB compete
Dutch pension fund APG Asset Management are among the international investors competing to invest up to $250 million (roughly 2,080 crores) in Mahindra InvIT, according to an Economic Times report.
Focusing on localised audiences while avoiding competition from Twitter or Threads, according to Koo Co-Founder
With regard to X (formerly known as Twitter) and the recently launched Threads by Meta, Koo’s strategy avoids direct competition. Radhakrishna’s post on Threads read, “Threads saw an opportunity to
Shwetank Pandey is appointed Chief Gaming Officer by iQoo, and is given a salary of 10 lakh.
After a thorough countrywide search lasting three months, Shwetank Pandey, a 23-year-old native of Kanpur, Uttar Pradesh, has been chosen as iQoo’s first Chief Gaming Officer. Shwetank was selected as
Gogoro and Swiggy collaborate to use EVs for last-mile deliveries
On Thursday, the on-demand convenience delivery platform Swiggy announced a collaboration with Gogoro Inc, a manufacturer of battery-swapping solutions for electric vehicles, to advertise its electric Smart Scooters to Swiggy’s
Ather Energy set to electrify the market with triple scooter launch
In order to increase Ather Energy’s market share in the extremely competitive electric scooter sector, the Ather 450S is positioned to be a more affordable electric scooter. This product is projected to immediately compete with the soon-to-be-released Ola S1 Air.
The top 7 cities’ luxury property prices increased by 24%
According to research from Anarock Research, luxury property prices have increased by 24% in India’s top seven cities over the previous five years, outpacing the rise in the value of affordable housing. Luxury homes are in more demand as a result of the pandemic’s impact on housing choices, which has raised their price range.
For the Mumbai HVDC Link project, Adani Energy Solutions obtained $1 billion in financing
The $1 billion Green HVDC connection project, which will enable the provision of additional renewable Energy to the city and sustain its expanding energy demand, was successfully closed financially, according to a Monday announcement by Adani Energy Solutions.
There will be 100 million jobs in India’s constructing industry; economic expansion demands a skilled labour force
According to a Knight Frank India research, India’s construction industry is expected to employ 100 million people in order to meet economic growth objectives. By 2023, 71 million people are
July’s unemployment rate drops to 7.95% as a result of increased demand for labor in agriculture
As to a Bloomberg article that used statistics from the Centre for Monitoring Indian Economy (CMIE) for the month of July, the overall unemployment rate decreased to 7.95% in July from 8.45% in June.
Launched 11-inch Reliance JioBook with JioOS for the price of Rs 16,499
Reliance Jio introduced its brand-new JioBook laptop to the nation. The laptop has an 11-inch HD screen and is powered by an octa-core CPU. The ‘first learning book’ in the nation, JioBook, will be offered starting on August 5.
Reliance and Brookfield strike an agreement to manufacture renewable energy equipment there
Reliance Industries Ltd. (RIL), the oil-to-telecom giant headed by billionaire Mukesh Ambani, revealed on Tuesday that Brookfield Asset Management and it had inked a Memorandum of Understanding (MoU) for the
India’s economy depends on the chemical and petrochemical sector: Goyal
Numerous intriguing industries, ranging from e-commerce to healthcare, are expanding significantly. This is hardly surprising given that India’s population is continuing to expand and change, bringing with it new possibilities
Due to regulatory delays, Toshiba’s $14.35 billion acquisition was postponed until August
The opening of a tender offer for the firm, headed by Japan Industrial Partners (JIP), is anticipated to happen “sometime in August 2023,” rather than the originally anticipated late July timeframe, according to a statement released by Toshiba Corporation on Friday.
Top semiconductor manufacturers like Foxconn, Micron, and AMD will attend the Semicon India expo in Gujarat on July 28
Leading chipmakers including Foxconn, AMD, Micron, and IBM will be present at the Gandhinagar, Gujarat, Semicon India conference. The purpose of the event is to draw investment into the Indian
Indian households continue to be impacted by rising prices
According to new household statistics given by Kantar, Indian households continue to feel the pressure of high inflation, with the households most susceptible to price increases reporting a considerable decline in the purchase of goods including jams, ready-to-cook meals, floor cleaners, and soft beverages.
Theis Precision is fully acquired by BDK Valves and Gurukrupa Group
On Wednesday, the western Indian real estate developer Gurukrupa Group and the producer of industrial valves BDK Valve Private Ltd. announced that they had successfully acquired the whole stock of Theis Precision Steel India Pvt. Ltd. (Theis Precision). The promoter group has now acquired a global company twice.
Results for L&T’s first quarter: Potential 25% YoY increase in net profit to $2,130 crore; possible share repurchase
On Tuesday, July 25, the infrastructure juggernaut Larsen & Toubro (L&T) is scheduled to release Q1 earnings. On the strength of a large order book, the firm is anticipated to
The CEO of Air India visits Apple’s US headquarters and discusses potential business relationships
The Tata Group Air India’s CEO Campbell Wilson recently travelled to the Apple headquarters in Palo Alto, California, to discuss potential business prospects. Apple Inc. creates, produces, and sells smartphones,
Adani’s $34,000 crore PVC project in Mundra will be financed by a PSB consortium led by SBI
Adani’s 34,000 crore PVC project in Mundra would be funded by a consortium of PSBs led by SBI. According to a report by The Hindu Businessline (BL), a group of banks led by the State Bank of India (SBI) have agreed to fund a significant portion of the 34,000 crore polyvinyl chloride (PVC) project in Mundra by the Adani Group. The PVC project is expected to reach a financial close by the middle of August with loan support from SBI.
June’s aviation traffic at Mumbai airport was 107% higher than before COVID
In comparison to pre-covid levels in June 2019, Mumbai airport handled 4.2 million passengers in June, and June’s aviation traffic at Mumbai airport was 107% higher than before COVID. At the airport, there were 2.14 million arrivals and 2.04 million departures out of the total number of people seen in June. In June, overall aviation traffic increased 33% year over year.
Tesla’s board has agreed to settle a shareholder lawsuit for $735 million
In order to resolve a lawsuit brought by the shareholders, Elon Musk-led Tesla’s board of directors will pay back $735 million to the business, which is equal to the value of 3.1 million Tesla stock options. Additionally, Tesla directors have agreed that they would not be paid in 2021, 2022, or 2023 while the board also changes how remuneration is decided.
With a quicker rate of 4.12% in June, India’s wholesale inflation decreased
According to statistics released by the Commerce Ministry on Friday, India’s wholesale inflation decreased for the third consecutive month in June, falling to 4.12% on an annual basis from a contraction of 3.48% in May. It was 16.23 percent in June of the previous year.
To lower local prices, India may ban exports of 80% of its rice
India is thinking about perhaps banning the export of a kind of rice. If adopted, this suggested strategy may further increase the already skyrocketing costs of this essential food staple throughout the world, especially when the unsettling El Nio weather phenomena reappears. The majority of the world’s rice exports come from India.
Sekura is in discussions to acquire the $670 million in road assets owned by Ashoka Buildcon
According to two people with knowledge of the situation, Sekura, an infrastructure platform owned by the Edelweiss Infrastructure Yield fund, has opened exclusive negotiations to purchase a portfolio of 11
The Telegram version of Stories will soon be available
Telegram stands apart because of its emphasis on privacy, encryption, and an open-source API. Along with the official Telegram applications and web interface, there is a tonne of unauthorized clients. various accounts on the same device are also permitted, as well as the usage of various devices with the same account (confirmed by SMS).
The Executive Centre leases 200,000 square feet for Rs 100 crore
Nidhi Marwah, Group Managing Director South Asia and Middle East of The Executive Centre (TEC), a Hong Kong-based supplier of flexible workspace, told ET that the business spent Rs 100 crore in the first half of 2023 to lease more than 200,000 square feet across 8 facilities.
This fiscal year, poultry income is expected to increase by 10%
According to a research note by Crisil Ratings, the Indian poultry industry’s revenue would increase by 10% this fiscal year as a result of continued demand growth and moderating realizations, even as new capabilities come online and increase volume.
Bengaluru-Hubbali-Dharwad Vande Bharat will be inaugurated by PM Modi
According to South Western Railway (SWR), Prime Minister Narendra Modi will virtually inaugurate Karnataka’s second Vande Bharat Express, which runs between Bengaluru and Dharwad, today. On June 19, the fast train successfully conducted a trial run from KSR Bengaluru station to Dharwad and returned.
Google and other IT firms charge Microsoft with unfair Cloud business practices
According to a Reuters story, Alphabet’s Google and technology trade associations have complained to the Federal Trade Commission about what they claim are unfair business practices in the cloud, including those by Microsoft, the sector’s second-largest vendor by market share.
Reliance is the most valued private sector company according to the Hurun Report 2022, followed by TCS and HDFC Bank
Reliance Industries Ltd., owned by Mukesh Ambani, is ranked first on Hurun India’s 2022 Burgundy Private Hurun India 500 list, which was published on Tuesday. According to market capitalization and
This Indian city has entered the group of the 20 most costly cities in the world for living in affluence
By examining residential real estate, automobiles, business class travel, business schools, degustation meals, and other indulgences, Julius Baer’s Lifestyle Index determines the top 25 most expensive cities in the world. For the fourth consecutive year, Asia continued to be the area where luxury living is most expensive.
Based on inadequate intervention, Goldman Sachs reduces China’s GDP prediction to 5.4%
Goldman Sachs Group Inc. has reduced its projections for China’s economic growth, citing the Asian country’s limited alternatives for increasing stimulus. Bloomberg stated that the bank cut its forecast for China’s GDP growth this year to 5.4% from 6% earlier.
Micron’s $3 billion semiconductor manufacturing and testing operation is poised to be approved in India
According to persons in the know, India is prepared to take a $3 billion investment from US semiconductor maker Micron in order to build an OSAT facility—an outsourced semiconductor assembly and test facility—with at least four production lines.
Tatas want to accelerate the cooperation between AI Express and AirAsia
Air India, which is controlled by Tata Sons, has applied to the civil aviation regulator DGCA for a waiver on merger laws for Air India Express and AirAsia India. Before the NCLT approves the merger process, it wants permission to use the same pilots and cabin personnel and sell tickets under a single name.
Vodafone Idea has dropped 25,000 retail partners as a cost-cutting strategy, according to a report
Cash-strapped In a cost-cutting drive, Vodafone Idea allegedly expelled over 25,000 of its retail partners throughout the nation. According to the Economic Times, Vi has pulled its partners from the multi-brand shop market, and the business has stopped paying a fee.
Google is facing a break-up order from the EU due to anti-competitive ad tech practices
Alphabet’s Google may be forced to sell a portion of its profitable ad tech division to resolve anti-competitive concerns, EU authorities warned on Wednesday, threatening the corporation with its toughest regulatory penalty yet.
Google Maps now includes three new features: glanceable directions, Immersive View, and more
Google Maps is getting a new feature dubbed “glanceable directions” from Google. Users may quickly follow their travel progress immediately from the lock screen or route overview using this functionality.
Accenture will spend $3 billion on artificial intelligence over three years and will employ 80,000 people
Accenture plans to spend $3 billion on data and artificial intelligence over the next three years. Global professional services provider Accenture has industry-leading expertise in digital, security, and cloud. combining unrivaled expertise and specialized knowledge in the areas of Interactive, Technology, Strategy, and Operations services.
A US court has temporarily halted Microsoft’s $69 billion purchase of Activision Blizzard; here’s why
A US Federal court on Tuesday banned Microsoft’s $69 billion purchase of California-based video game firm Activision Blizzard. The ruling was issued by US District Judge Jacqueline Scott Corley in
‘By FY25, Apple may manufacture 18% of iPhones in India’
According to a report, the government’s production-linked incentive scheme for mobile phones may drive Apple may manufacture 18% of its global iPhones in India by FY25, with the possibility of further expansion if the larger scale incentivizes its vendors to also expand in the country.
The resuscitation strategy of Vodafone Idea is being supported by a Rs 14,000 crore equity investment
According to persons familiar with the current negotiations, Vodafone Idea Ltd (Vi) intends to inject total equity of 14,000 crores shortly as part of its business rehabilitation strategy. Existing promoters Aditya Birla Group (ABG) and Vodafone Group Plc from the United Kingdom would contribute half of the total sum, they claimed.
According to SIAM statistics, the Indian auto industry would sell the most ever’ passenger automobiles in May 2023
The latest Indian auto industry performance report for May 2023 has been issued by the Society of Indian Automobile Manufacturers (SIAM). According to statistics, the overall output of passenger cars,
The government has directed Chinese smartphone manufacturers to seek Indian equity partners
According to three executives who attended meetings where the topic was discussed, the government has pushed Chinese mobile phone makers to include Indian equity partners in their local businesses. According
China’s CNOOC is drilling in deeper seas to minimize its dependency on imported oil
China’s attempts to minimize its reliance on imported oil have resulted in the development of a massive concrete complex near Zhuhai the size of Monaco, which serves as the focal point of its deepwater drilling initiatives. The facility, run by a subsidiary of CNOOC (China National Offshore Oil Corp), is in charge of building production platforms for use in China’s offshore oil fields. China has grown more dependent on imported oil as its ageing onshore wells struggle to fulfil the country’s expanding energy needs. Currently, more than 70% of China’s oil supply is imported, up from less than 10% before the turn of the century.
Instagram’s own Twitter competitor, Project92, may be in the works
During a recent company-wide event, Meta presented an exclusive glimpse of their soon-to-be-released Twitter rival. Following in the footsteps of Instagram, the company’s future standalone application will include ActivityPub, a
McDonald’s India collaborates with Simpl to provide online payment options
McDonald’s India has partnered with Simpl to provide online payment options.
McDonald’s India is a prominent fast-food restaurant that has operated in the nation since 1996. The brand, which is a joint venture between McDonald’s Corporation and Indian merchants, has over 400 shops throughout the nation and serves burgers, fries, and other fast food options.
Vistara to add 10 aircraft and 1,000 passengers this fiscal year; shelving plans to fly to the United States
According to a senior official, full-service airline Vistara aims to add 10 aircraft and recruit more than 1,000 personnel in the current fiscal year, but has scrapped plans to fly to the United States. Vistara, which is poised to combine with Air India, now operates 61 planes and employs approximately 5,200 people. With the demise of Go First, Vistara CEO Vinod Kannan said this week that there is a ready pool of personnel, particularly pilots and cabin crew members.
Zypp Electric: Enabling zero-emission deliveries
When electric Vehicles were not the talk of the town, Zypp Electric, a prominent last-mile delivery fleet management firm, leaped into the EV-based ecosystem. Akash Gupta and Rashi Agarwal founded the electric scooter provider firm in 2017 with the goal of assisting India in embracing sustainable transportation and reducing pollution.
According to the founder employment tracker, India Inc’s recruiting activity has slowed by 7% due to macroeconomic difficulties
According to the most recent statistics from the top recruitment, platform found it, India Inc’s recruiting activity fell 7% in May compared to last year, as employers across most industries remained cautious in adding to their payrolls owing to persistent macroeconomic uncertainties and global challenges.
According to SEMI CEO, it is now or never for India to seize the lead in the semiconductor sector
The Rs 76,000-crore ($10 billion) incentive plan for chip-making, as well as the talent pool and skilling programs, play to India’s strengths and highlight the country’s ascent as an industry leader. According to SEMI CEO, it is now or never for India to seize the lead in the semiconductor sector.
OnePlus, Realme, and Oppo will split as parent company BBK Electronics Corp seeks to de-risk its India business
BBK Electronics Corp, China’s top smartphone manufacturer, has separated three of its major brands in India – Oppo, OnePlus, and Realme – into independent organizations, with revenues accounted for in their accounts, as it strives to mitigate the possibility of future government action against Chinese firms.
AstorMueller anticipates that India will be its greatest market in five years
The 95-year-old firm had been importing from India for over two decades before launching as a retail brand a year ago via the formation of a subsidiary. It just began establishing retail storefronts and already has three locations in India.
Sentra.world, a climate tech firm, has raised $2 million in investment from Avaana Capital and others
Sentra.world, a business focused on ESG (Environmental, social, and corporate governance), has secured $2 million in initial investment headed by Avaana Capital, an early-stage climate-tech venture capital firm. RPG Ventures and Golden Sparrow Ventures also invested in the round, according to a corporate statement announcing the injection.
Microsoft and the Directorate General of Training are collaborating to provide digital skills to Indian youngsters
Microsoft has worked with India’s Ministry of Skills Development and Entrepreneurship (MSDE) to give training to students and educators at government institutions via the Directorate General of Training (DGT). The
Overall sales for Maruti Suzuki India increased by 10% to 1.78 lakh units in May, while PV sales increased by 15%
Maruti Suzuki India, India’s biggest passenger car manufacturer, announced total vehicle sales of 178,083 units in May 2023, a 10.32% increase over the 161,413 units sold in the same month
To increase jobs, a Tata electric vehicle battery manufacturing is planned to be built in Somerset, UK
According to recent rumors, Somerset is poised to be the selected site for a big electric vehicle battery production, which may produce thousands of job possibilities. According to the BBC,
Infosys introduces Infosys Topaz, an AI-first service designed to accelerate business value
Infosys unveiled Infosys Topaz on Tuesday, a new solution that blends data analytics, artificial intelligence, and generative AI, demonstrating the rising relevance of this rapidly emerging technology. Infosys is a
According to the search engine giant, Google’s investment in Android and Google Play promotes job creation and market acceleration
Google recently said in a blog post that Google’s investments in Android and Google Play have greatly aided Indian developers by supporting job creation, speedier market entrance, financial development, and
As the government proposes to reduce the FAME II subsidy, two-wheeled electric vehicles may become more expensive
Ola, Ather, and other two-wheeler electric vehicles may soon be more expensive in the nation. According to reports, the Heavy Industries Ministry intends to boost the budget for e-two-wheelers from
Total demat accounts increased to 116 million in April, but NSE active users decreased by 16.3% YoY
The Indian equities market rebounded well in April, with the benchmark Nifty50 index climbing 4%. The rise was fueled by robust inflows of foreign institutional investors into the domestic market
Foxconn, an Apple supplier, would spend $500 million in Telangana and generate 25,000 employees in the first phase
Foxconn, an Apple supplier, and a Taiwan-based contract manufacturer, would spend $500 million in the southern Indian state of Telangana, the state’s IT minister K. T. Rama Rao said on
According to Meesho co-founder Vidit Aatrey, Nykaa is a poor representation of India’s e-commerce business
Meesho co-founder Vidit Aatrey as of late talked about India’s e-commerce division in India in a podcast by Zerodha co-founder Nikhil Kamath. Kamath inquired about Aatrey’s supposition of almost Nykaa’s
Hyundai Engine to Contribute $1.5 Billion to Construct EV production line in South Korea: Subtle Elements
Hyundai Engine Co has announced to contribute around 2 trillion won ($1.51 billion) in Ulsan, South Korea to construct an assigned electric vehicle (EV) manufacturing plant. Hyundai Motors, established in
Artificial Intelligence in the Judiciary: CJI DY Chandrachud discusses AI’s potential and judges’ role in such matters
The Chief Justice of India, DY Chandrachud, has urged judges to embrace technology for the sake of litigants, noting that plaintiffs should not be burdened because judges are uncomfortable with
Air India and Sabre have signed a multi-year agreement to provide worldwide access to rates and seats
Air India and Sabre today have signed a multi-year agreement that would allow travel agencies and organisations worldwide to access the Indian airline’s pricing and seats through Sabre’s global travel
PM Modi will attend the National Panchayati Raj Day ceremony in MP and will launch many projects
On Monday, Prime Minister Narendra Modi will attend the National Panchayati Raj Day festivities in Madhya Pradesh’s Rewa district, where he will meet leaders and officials from Panchayati Raj Institutions
Nykaa names Rajesh Uppalapati as the new CTO and announces new leadership positions
In an official release, Nykaa announced the appointment of Rajesh Uppalapati as Chief Technology Officer. Several new top professionals from technology, finance, business, and marketing have joined the firm to
Video telematics company LightMetrics gets $8.5 million from Sequoia Capital India
The business provides software that analyses video feeds from cameras put in cars to better understand driver conduct, minimize accidents and increase safety. LightMetrics, a video telematics business targeting commercial
L’Oreal acquires premium brand Aesop from Brazil’s Natura for $2.5 billion
The sale, L’Oreal’s biggest-ever brand acquisition according to Dealogic statistics, strengthens the firm’s foothold in the premium cosmetics sector, while also giving the Brazilian business some financial respite despite declining
Unacademy leadership must absorb pay cuts of up to 25%, says ed-tech’s founder Gaurav Munjal
In a statement to staff, cofounder and CEO Gaurav Munjal warned employees that the Bengaluru-based unicorn’s leadership including founders will accept these layoffs. A day after slashing 12% of its
US semiconductor subsidy requirements might be a “burden,” according to South Korea
US semiconductor subsidy requirements might be a “burden,” according to South Korea. Three industry insiders said that the application procedure itself may reveal private business strategies and that conditions include
Oxbotica and Google Cloud collaborate to scale up autonomous software Cloud infrastructure is viewed as important for creating autonomous cars at scale
Oxbotica and Google Cloud collaborate to build a new cloud-based platform for self-driving automobiles. Oxbotica is a UK-based autonomous vehicle software company. The alliance intends to speed the development and deployment
UK-India trade has the potential to quadruple by 2030, says British Deputy High Commissioner
The UK-India are striving to enhance economic and commercial links, according to the British Deputy High Commissioner, Chandru Iyer. Notwithstanding the impact of Russia’s war with Ukraine, the UK and
“India now possesses 127 patents for 6G,” says Communications Minister Vaishnaw
India now possesses 127 patents for 6G,” says Communications Minister Vaishnaw. He also underscored the comment made by Prime Minister Narendra Modi, stressing that India’s capabilities to acquire confidence and
With extreme demand, the airline industry should experience great expansion, say executives
India’s biggest airline industry, IndiGo, stated the business is starting its next phase of expansion With extreme demand and would substantially spend to enhance domestic capacity despite the market being
Canada would enable certain overseas grads to extend their work licenses for up to 18 months
Foreign citizens having expired or expiring post-graduation work permits will now qualify to work in Canada longer. The Immigration, Refugees and Citizenship Canada (IRCC), on Friday, announced that international graduates
Arvind Kejriwal inaugurates the Ashram flyover expansion, to improve commuting between Noida, and Delhi
Large vehicles like buses, trucks, etc. are still not permitted on both carriageways of the Ashram Flyover awaiting additional information Delhi Chief Minister Arvind Kejriwal on Monday inaugurated the much-awaited
Dr. Reddy’s to acquire US prescription portfolio from Mayne Pharma for $105 million
The portfolio includes 40 approved off-market products, including approximately 45 commercial products, 4 products in development, and many generic products focused on women’s health. Dr. Reddy’s Laboratories Ltd said on
Qualcomm has announced the world’s first two-way satellite messaging solution
The company revealed that the Snapdragon satellite will provide global connectivity using mobile messaging from around the world. At CES 2023, Qualcomm Technologies unveiled the world’s first two-way satellite messaging
Joint Business Council of Indonesia, Malaysia, and Thailand Promotes Energy Efficient Practices
EESL will provide technical advice, project management support, and contractual and implementation support to implement select energy efficiency programs in its portfolio with a track record of successful implementation. Energy
Prime Minister Modi will inaugurate India Energy Week today with the opening of HAL’s helicopter factory in the surveyed state of Karnataka
Apart from that, Prime Minister Modi will also lay the groundwork for various development initiatives during his visit. Prime Minister Modi will hold ‘India Energy Week 2023’ in Bangalore and
ChatGPT Becomes the World’s Fastest Growing App, Reaching 100 Million Users in 2 Months
Similarweb estimates that the website chat.openai.com has attracted about 25 million visitors per day over the past week. ChatGPT, the popular artificial intelligence (AI) chatbot, reportedly has 100 million users
Reliance Retail has partnered with Innoviti to enable digital rupee payment in stores
The Reserve Bank of India launched a retail digital rupee (e₹R) pilot on 1 December with four banks in four cities. Innoviti Technologies, a payments-focused financial technology company, announced Thursday
Advertising agency Garage Worldwide appoints Sanjay Deshmukh as CEO
Deshmukh has worked for brands and categories ranging from consumer goods to banking, fashion, telecommunications, tourism, automotive, technology, and politics. Garage Worldwide, a design, digital and content agency, has appointed
New Netflix CEO Confirms End Of Password Sharing, Indians Who Share Passwords Will Have To Pay
Former Netflix CEO Reed Hastings told everyone last year that password sharing would be phased out. To increase revenue and attract subscribers, Netflix recently introduced ad-supported subscription plans in select
In 2022, India’s digital payments volume is larger than the US, UK, German and French economies combined
UPI currently accounts for over 40% of all digital transactions taking place in India. India’s digital payments landscape has changed. While some developed countries are facing difficulties, India has become
A Twitter bird statue sold for $100,000 as Musk auctioned off HQ items
Among the 631 lots were espresso machines, ergonomically correct desks, televisions, bicycle charging stations, pizza ovens, and shaped decorative planters. Twitter’s new head, Elon Musk, launched a 27-hour online auction
China’s economy slowed sharply in the fourth quarter of 2022, and growth was one of the worst on record
The October-December gross domestic product (GDP) rose 2.9 percent year-on-year, the National Bureau of Statistics of China (NBS) announced on Tuesday. The ratio still beat market expectations for a 0.4%
Worker employment will increase by 12% this year compared to 2022
According to the report, drivers, repair managers, electricians, warehouse workers, inspectors/packers, landscapers, garbage collectors, floor workers, machinists, technicians, and electricians will continue to be in high demand. Domestic workers come
Paytm Payments Bank has received final approval from RBI to operate as an operating unit of Bharat Bill Payments
Paytm can facilitate bill payment services for electricity, phone, DTH, water, gas insurance, loan repayments and more. Paytm Payments Bank said Monday it had received final approval from the Reserve
The center issued notices of non-BIS toy sales to Amazon, Flipkart, and Snapdeal
The center seized 18,600 toys nationwide from retailers including Hamleys and Archies because they lack BIS quality certification, PTI reported. The Bureau of Indian Standards Meanwhile, the consumer protection regulator
Cement companies are likely to focus on volume growth in the coming fiscal year amid increased competition
Cement companies including Ambuja, Dalmia, Shree, and Ultratech are forecasted to experience higher income growth with timely growth. Well-known cement companies are focusing to increase volumes of cement sales rather
DigiLocker, partnering with Google, will provide on-device storage of government identities
Along with organizing documents locally using AI, Google’s Android operating system will also leverage the DigiLocker application programming interface. Google on Monday announced a partnership with DigiLocker, a government-mandated credential
Chqbook and NSDL Payments Bank collaborate to launch a zero-balance digital checking account.
Fintech firm Chqbook teamed up with National Securities Depository Limited Payments Bank on Wednesday to open a zero-balance digital checking account for small business owners. Small business owners like grocery
The Ministry of Heavy Industries and Construction announces a new safety test for electric vehicles
The Ministry of Heavy Industries and Construction announced on the 10th a list of safety inspections that will be mandatory for electric vehicle manufacturers from April 2023. According to the
The government expects to start funding research and development in the telecommunication sector by January 2023
The Ministry of Communications is expected to approve the first application of domestic companies seeking to secure localization R&D funds by January next year. The new initiative, funded by the
B2B marketplace Udaan raises an additional $120 million from existing investors
Writer: Tabish Description: Corporate marketplace Udaan has raised $120 million in convertible bonds and bonds led by existing shareholders and bondholders, the company’s CFO told employees in an internal report.
BCCI has announced that male and female cricketers will be paid equal match salaries.
Writer: Tabish Description: BCCI on Thursday announced equal match fees for both female and male center contract players to address gender discrimination. Recently, the Indian women’s cricket team won the
Vegetable prices skyrocket beyond Rs 100 per kg as non-seasonal rainfall and high fuel prices hold India down
Due to excessive rainfall and crop damage, the new average retail price of common garden vegetables jumped from Rs 60-80 previously in the metro, including Mumbai, to Rs 120-140 per
Automakers aim to increase spending on electric vehicles and batteries to $1.2 trillion by 2030
Sales of electric vehicles are increasing due to a combination of political support, improved battery technology, improved charging infrastructure, and new attractive models from automakers. Automakers are focused on building
Permira Appoints Former Warburg Pincus CEO Siddharth Narayan as Head of Indian functioning
Narayan highlighted investment opportunities in rapidly growing digital companies in the consumer internet, software, fintech, and services sectors in India. Permira employs a managed fund buyout strategy with a focus
When the source of money is depleted, the lender starts to increase the deposit interest rate
Lenders namely ICICI, Canara, and HDFC have increased their deposit rates. After months of hesitation, banks have gradually started to raise deposit rates as credit growth continues to outpace deposit
During the initial stage of festive sales, JioMart noticed twice the growth in all-around sales
Reliance Retail’s online trade platform JioMart has glimpsed nearly a 2.5x spike in traffic and general sales during its festive season. The e-marketplace had declared openly its month-long festival deals
