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“Jan Aushadhi: Affordable Medicine Stores Witness High Sales in Diabetes and Cardiovascular Drugs”-thumnail

“Jan Aushadhi: Affordable Medicine Stores Witness High Sales in Diabetes and Cardiovascular Drugs”

“Government data reveals that Jan Aushadhi, the affordable medicine store in India, experiences significant sales from diabetes and cardiovascular drugs. With over 33% of total sales attributed to these conditions,

Business

Jun 17, 2023

Micron’s $3 billion semiconductor manufacturing and testing operation is poised to be approved in India-thumnail

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.

Business

Jun 17, 2023

Adani Digital Labs acquires an online train booking portal, Trainman-thumnail

Adani Digital Labs acquires an online train booking portal, Trainman

AEL disclosed that its wholly-owned subsidiary, Adani Digital Labs Private Limited, inked a share purchase agreement to obtain a complete stake of 100 percent in Stark Enterprises Private Limited (SEPL), also known as Trainman.

Business

Jun 17, 2023

Tatas want to accelerate the cooperation between AI Express and AirAsia-thumnail

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.

Business

Jun 17, 2023

SoftBank Planning Profitable Exits from Paytm and Zomato Amidst Rising Stocks-thumnail

SoftBank Planning Profitable Exits from Paytm and Zomato Amidst Rising Stocks

SoftBank holds an 11.17 percent stake in Paytm and 3.4 percent in Zomato. However, following the news of the potential stake sale, shares of One97 Communications declined by 1.5 percent, trading at Rs 878.50 apiece on the BSE. Zomato’s stock initially opened 0.8 percent higher on June 16 but later leveled off.

Business

Jun 16, 2023

Vodafone Idea has dropped 25,000 retail partners as a cost-cutting strategy, according to a report-thumnail

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.

Business

Jun 16, 2023

Defense ministry approves acquisition of 31 US-made MQ-9B SeaGuardian drones-thumnail

Defense ministry approves acquisition of 31 US-made MQ-9B SeaGuardian drones

Whispers from insiders have spilt the beans that the defence ministry has given the nod for the procurement of MQ-9B SeaGuardian drones.

Business

Jun 16, 2023

India’s trade deficit touched $22.12 billion in May 2023-thumnail

India’s trade deficit touched $22.12 billion in May 2023

Investments and Internal Trade (DPIIT) had devised a trading strategy to address the slowdown in the developed world, which is India’s major importer.

Business

Jun 16, 2023

Santander Appoints Pedro Castro e Almeida as Regional Head for Europe, Focusing on Growth-thumnail

Santander Appoints Pedro Castro e Almeida as Regional Head for Europe, Focusing on Growth

Santander, the Spanish bank, has announced the appointment of Pedro Castro e Almeida as the regional head for Europe, highlighting the region as a key driver for future growth. Castro e Almeida will be taking over from Antonio Simoes, who has been selected as the new CEO of Britain’s Legal and General Group.

Business

Jun 15, 2023

According to Walmart’s CFO, Flipkart and PhonePe might be $100 billion companies in India-thumnail

According to Walmart’s CFO, Flipkart and PhonePe might be $100 billion companies in India

Although Walmart does not provide particular sales data for PhonePe and Flipkart, company leaders have recently emphasized the importance of these two businesses.

Business

Jun 15, 2023

Accenture will spend $3 billion on artificial intelligence over three years and will employ 80,000 people-thumnail

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. 

Business

Jun 14, 2023

TaxNodes Raises $1.6 Million in Seed Funding to Simplify Crypto Taxation and Compliance-thumnail

TaxNodes Raises $1.6 Million in Seed Funding to Simplify Crypto Taxation and Compliance

TaxNodes, with its end-to-end solutions, has secured a whopping $1.6 million in seed funding to streamline the intricacies of crypto taxation and compliance. Notable investors from the web3 and wealth

Business

Jun 14, 2023


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