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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

Possible results of FTC’s legal attempts to halt the Microsoft-Activision transaction-thumnail

Possible results of FTC’s legal attempts to halt the Microsoft-Activision transaction

The purchase deal has a termination date of July 18, but such dates can be extended and sometimes are, so Microsoft has pushed for a decision as soon as possible.

News

Jun 17, 2023

Airtel plans to secure $1 billion in offshore bonds-thumnail

Airtel plans to secure $1 billion in offshore bonds

Bharti Airtel is considering an offshore bond offering to generate up to $1 billion, or roughly Rs 8,200 crore, to pay off high-cost debt, strengthen its balance sheet, and cover

Finance

Jun 17, 2023

Indian Prime Minister Narendra Modi to Meet CEOs of Top American Companies During US Visit-thumnail

Indian Prime Minister Narendra Modi to Meet CEOs of Top American Companies During US Visit

Indian Prime Minister Narendra Modi is scheduled to meet the US. CEOs of several companies, including FedEx (FDX.N), MasterCard (MA.N), Adobe (ADBE.O) and others, during his state visit to the

News

Jun 16, 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

Major Western Banks Downgrade China’s 2023 GDP Growth Forecasts-thumnail

Major Western Banks Downgrade China’s 2023 GDP Growth Forecasts

In the wake of underwhelming financial data in May, some distinguished Western banks have adjusted their predictions for China’s GDP enlargement in 2023.

News

Jun 16, 2023

“Intel Makes Historic $4.6 Billion Chip Investment in Poland, Unveiling Massive Expansion Plans in Europe”-thumnail

“Intel Makes Historic $4.6 Billion Chip Investment in Poland, Unveiling Massive Expansion Plans in Europe”

Intel, with an extensive three-decade-long presence in Poland and an existing workforce of 4,000 employees, cited several factors that propelled their choice of Poland for this momentous venture. They commended

News

Jun 16, 2023

“Musashi Revs Up Electric Mobility in India, discloses ₹70 Crore Investment Plan!”-thumnail

“Musashi Revs Up Electric Mobility in India, discloses ₹70 Crore Investment Plan!”

With its rich expertise in design and engineering, Musashi plans to leverage its capabilities to manufacture a new EV unit comprising a motor, PCU and gear box. The manufacturing of

New Launch

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

India chip packaging plant nears $1 billion investment by Micron-thumnail

India chip packaging plant nears $1 billion investment by Micron

In an effort to further expand its geographic reach amid tensions between the US and China, sources claim that Micron Technology Inc. is close to agreeing to contribute at least

News

Jun 16, 2023

Blow It For TCS! Transamerica Life Insurance Cancels A $2 Billion Contract With An Indian It Company-thumnail

Blow It For TCS! Transamerica Life Insurance Cancels A $2 Billion Contract With An Indian It Company

According to a TCS press statement, the agreement between TCS and Transamerica Insurance was inked in January 2018. The agreement guaranteed TCS at least $200 million in yearly income. Tata

Industry

Jun 16, 2023


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