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Pankaj Goel of Razorpay has been appointed as the new CTO of BharatPe-thumnail

Pankaj Goel of Razorpay has been appointed as the new CTO of BharatPe

Since 2022, the fintech business BharatPe has been embroiled in a series of issues. Several C-suite executives have left the organization. Pankaj Goel has been appointed as the company’s new Chief Technology Officer by fintech upstart BharatPe.

Business

Jul 6, 2023

Reliance Jio to sign a $1.7 billion contract with Nokia for 5G network equipment-thumnail

Reliance Jio to sign a $1.7 billion contract with Nokia for 5G network equipment

Reliance Jio Infocomm, a prominent telecom operator in India is on the verge of finalizing a significant contract worth $1.7 billion with Nokia for 5G network equipment. Alongside this deal, Jio is also set to strike a $2.1 billion agreement with Ericsson.

Business

Jul 6, 2023

Meta launches Threads; 2 million signups within 2 hours-thumnail

Meta launches Threads; 2 million signups within 2 hours

Mark Zuckerbergs’ company Meta has recently introduced Threads, a new service that can be seen as a rival to Elon Musks’ Twitter. Just like Twitter. Threads permit users to share

Business

Jul 6, 2023

The FMCG sector will see revenue growth of 7-9% this fiscal year: CRISIL-thumnail

The FMCG sector will see revenue growth of 7-9% this fiscal year: CRISIL

Fast-moving consumer goods (FMCG) industry revenue is anticipated to increase by 7-9% this fiscal year, which is a somewhat slower rate than the 8-9% growth rate seen in the previous

Business

Jul 5, 2023

OPEC+ Alliance Commits to Supporting Oil Market Amidst Challenges-thumnail

OPEC+ Alliance Commits to Supporting Oil Market Amidst Challenges

The ongoing cooperation between Russia and Saudi Arabia within the OPEC+ alliance remains robust, with both nations determined to take necessary measures to support the oil market.

Business

Jul 5, 2023

Swiggy pilot testing Co-branded credit card with HDFC Bank & Mastercard-thumnail

Swiggy pilot testing Co-branded credit card with HDFC Bank & Mastercard

Swiggy, a popular food delive­ry platform, is reportedly partnering with HDFC Bank to launch its own co-brande­d credit card. This move follows the footste­ps of other major Indian e-commerce­ players.

Business

Jul 5, 2023

Carl Zeiss India planning to invest 250 million euros for its new Vision lens factory in Bengaluru-thumnail

Carl Zeiss India planning to invest 250 million euros for its new Vision lens factory in Bengaluru

Carl Zeiss India has announce­d plans to invest more than 250 million euros in the­ creation of its largest vision factory in Bengaluru. This state­-of-the-art facility is expecte­d to be finished by October 2024 and will bring re­markable advancements in le­ns production, with a potential sixfold increase. Its daily output alone­ will reach an impressive 260,000 le­nses.

Automotive

Jul 5, 2023

HDFC Bank Q1 update: Advances become 16% YoY, stores rise 19%-thumnail

HDFC Bank Q1 update: Advances become 16% YoY, stores rise 19%

Confidential area loan specialist HDFC Bank on Wednesday posted its June quarter update for both independent business and the combined element. The bank’s independent business saw a development of almost 16% in progress while consolidated substance’s — HDFC Bank + HDFC — propels have risen by in excess of 13% year-on-year.

Business

Jul 5, 2023

Japanese Firms Offer Largest Pay Hikes in Three Decades, Boosting Consumer Demand-thumnail

Japanese Firms Offer Largest Pay Hikes in Three Decades, Boosting Consumer Demand

Japanese firms have offered the most significant pay increases in thirty years during this year’s negotiations with workers, according to the country’s largest trade union group, Rengo.

Business

Jul 5, 2023

MoS Rajeev Chandrasekhar claims that India won’t be impacted by China’s export restrictions on gallium and germanium-thumnail

MoS Rajeev Chandrasekhar claims that India won’t be impacted by China’s export restrictions on gallium and germanium

Gallium and germanium exports from China are being restricted; according to Minister Rajeev Chandrasekhar, a new India is engaging with the international community to create supply chains that are more resilient.

Business

Jul 5, 2023

Micron Technology to start building a $2.75 bn semiconductor facility by August; production by 2024 end-thumnail

Micron Technology to start building a $2.75 bn semiconductor facility by August; production by 2024 end

Next month. Micron Technology will begin the construction of a semiconductor assembly plant in Gujarat, India. This $2.75 billion project aims to produce microchips that are made in India by late 2024. Supported by the Indian government and the state of Gujarat. This endeavor is expected to generate up to 5,000 direct jobs in two phases. It is noteworthy that this action aligns with the US government’s initiative to encourage American chip companies to invest in India and expand their operations beyond China.

Business

Jul 5, 2023

Vishal Salvi, the CISO of Infosys, departs to become the CEO of Quickheal-thumnail

Vishal Salvi, the CISO of Infosys, departs to become the CEO of Quickheal

Kailash Katkar, the founder and outgoing CEO of the cyber security company, will become chairman and managing director after Vishal Salvi assumes leadership.

Business

Jul 5, 2023


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