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On January 27, US-based Dell Technologies stated that it will give India's NxtGen AI Pvt Ltd essential infrastructure support in order to construct the nation's first and biggest dedicated AI factory. India's national AI capabilities will be greatly increased as a result of the
In order to meet the growing demand for the Chinese automaker's electric vehicles, BYD Co. is considering possibilities to expand in India, including local assembly. Due to import limits, the company is considering local assembly in India and is seeking to get local safety and regulatory approvals for
Users can now access an extra security level on Meta's WhatsApp messaging service. With this move, WhatsApp joins an increasing number of American tech companies that allow consumers to choose more robust hacker security in exchange for a more limited user experience. The new feature, "Strict Account
In an effort to expand its core businesses and improve governance, the Flipkart Group appointed two senior executives. Among the new appointments are Jason Chappel to the position of VP and group controller and Amer Hussain to the position of VP of supply chain for groceries and Flipkart Minutes. Flipkart&
Amazon is getting ready to make more layoffs. With this action, Amazon is continuing a multi-phase personnel reduction that has previously resulted in the elimination of thousands of corporate positions. The business is restructuring to make artificial intelligence more widely used. According to media reports, Amazon may lose up to
Wio Bank and Pine Labs have reached an agreement for Pine Labs to construct an acquisition infrastructure for the digital bank located in the United Arab Emirates. Pine Labs stated in a filing with the exchanges that the forthcoming cloud-native platform will provide multi-mode payment acceptance at scale, real-time settlement
Global aerospace leader Embraer and Adani Defence & Aerospace signed a memorandum of understanding (MoU) on 27 January. As per the MoU, both the firms will create an integrated regional transport aircraft ecosystem in India. Both the firms will be working together on opportunities in aircraft manufacturing, supply chain, aftermarket
On January 27, JioStar's request to prevent the Competition Commission of India (CCI) from looking into claims of monopolistic practices in the television distribution industry in Kerala was denied by the Supreme Court. The court decided that the issue merits further inquiry and permitted CCI to carry out
In an effort to increase its global footprint, Chinese athletic goods conglomerate Anta Sports announced on January 27 that it will pay US$1.79 billion to acquire a majority stake in the venerable German sportswear company Puma. According to the statement to the Hong Kong exchange, Anta will purchase
The United Forum of Bank Unions (UFBU) decided to go ahead with a statewide strike on January 27. The Union wants an immediate implementation of a five-day work week. Owing to this demand, the entire public sector banks' operations were impacted nationwide on 27 January. Following the failure of
A final deal has been reached for Marico to purchase PVR INOX's 93.27% share in Zea Maize Private Limited (ZMPL). The gourmet popcorn brand 4700BC is owned by ZMPL. The entire consideration of INR 226.8 crore has been finalised in an all-cash transaction. According to Marico&
The Centre has started to redistribute 10% of IndiGo's flying operations, making a temporary reorganisation of the Indian aviation sector inevitable. The Ministry of Civil Aviation has earlier restricted IndiGo, reassigning 717 slots to other local carriers. The MoCA-imposed limitation is being implemented in a phased and systematic
Infosys has started gathering household electricity use data from remote workers, according to the offcial press release. This is done as a part firm's larger sustainability project connected to its hybrid work style. The information is being used to calculate the environmental impact of working remotely and produce
Citigroup is getting ready for another round of layoffs in March, continuing a personnel reduction initiative that has already resulted in the elimination of roughly 1,000 positions earlier this month. According to media reports, the proposed layoffs will be made public following the payment of yearly bonuses. Let’s
In connection with Yes Bank's 2022 share sale, SEBI has accused current and former officials at PwC and EY's Indian divisions of violating insider trading regulations. US private equity firms Advent International and Carlyle Group were also implicated in this infraction, according to a classified SEBI
A ban on bike taxi services functioning throughout the state was overturned by a division bench of the Karnataka High Court. Hence, allowing app-based two-wheeler transport platforms to reopen. Chief Justice Vibhu Bakru and Justice CM Joshi overturned a one-judge bench decision on 23 January that had earlier supported the
Vimeo has initiated its second round of global cutbacks in less than six months. The layoffs are done by the new owner, European technology firm Bending Spoons. These job cuts are part of the new owner's restructuring efforts following its acquisition of the video platform. Bending Spoons announced
In order to avoid the impending threat of a ban in the US, TikTok has finalised an agreement to establish a new American entity. To establish the new TikTok U.S. joint venture, the social video platform has inked deals with significant investors such as Oracle, Silver Lake, and the
Amazon plans to carry out another round of layoffs next week, with the goal of eliminating some 30,000 jobs from its corporate workforce. The layoffs are expected to be comparable in scope to the employment reductions from the previous year and could begin as early as 27 January. About
The Reserve Bank of India granted the Payment Aggregator-Physical (PA-P) licence to Razorpay POS, the company's offline payment division. Razorpay POS can now function as an offline payment aggregator for in-store transactions thanks to this licence. The fintech stated that it now possesses three significant RBI licences, which
The Union labour minister's proposal to remove the "10-minute" delivery guarantee from the branding and advertising campaigns of rapid commerce (qcom) platforms was made in good faith, according to Aadit Palicha, founder and CEO of Zepto. After meeting with Labour Minister Mansukh Mandaviya, Palicha posted on
On January 21, Ubisoft revealed a reorganisation initiative that has led to the cancellation of up to six games, studio closures, and the division of its business into five "Creative Houses". After years of development, Ubisoft has thrown Prince of Persia: The Sands of Time Remake into the
After a one-month suspension, sanctions-compliant Russian oil is expected to be delivered to India's Reliance Industries Ltd, which operates the largest refining complex in the world, in February and March. After obtaining a one-month US concession that permitted it to conclude its transactions with the sanctioned Russian oil
In an effort to establish itself as a long-term partner in the state's infrastructure-led growth goal, the Adani Group presented a $66 billion investment plan for Maharashtra on January 21. The plan covered aviation, clean energy, urban infrastructure, digital platforms, and advanced manufacturing. The company presented its plans