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On December 16, tech giant Google announced $8 million in financing for four AI centres of excellence in India. The investment will also be used for a number of research partnerships and healthcare-focused AI projects that will boost the nation's AI ecosystem. The grant was revealed during Google&
According to multiple media sources, Temasek-backed upGrad has started early preparations for an IPO that might garner $350–400 million. The company is investigating inorganic expansion through possible mergers and acquisitions at the same time as the IPO push. As reported by media houses, upGrad is investigating a possible $300–
The consumer products division of Reliance Industries is once again looking to enter a new market by purchasing a smaller brand. The business is well-known for acquiring lesser historical brands like Velvette shampoos and Campa Soft Drinks. It was recently separated off from Reliance Retail to become a direct division
Following predictions that his SpaceX firm was expected to go public at a valuation of $800 billion, Forbes reported on December 15 that Elon Musk became the first individual ever worth $600 billion. According to a Reuters article last week, Musk, who became the first person to reach $500 billion
The Reserve Bank of India (RBI) has given HDFC Bank's subsidiaries permission to purchase up to a 9.5% share in IndusInd Bank. India's biggest private sector lender by market value stated in an exchange statement on 15 December that the permission is effective for a
WhatsApp must obtain user agreement before sharing data with Meta parties for both advertising and non-advertising reasons, according to a clarification made on 15 December by the National Company Law Appellate Tribunal (NCLAT). A panel headed by Justice Ashok Bhushan, the chairperson of the NCLAT, granted the Competition Commission of
Wheels India announced on 15 December that it and Japan's Topy Industries have inked a technical assistance agreement for the design, development, and production of aluminium alloy wheels. According to a statement from the company, Topy will contribute engineering support and technical expertise to improve Wheels India'
According to various media reports, Walmart-owned online retailer Flipkart has been given permission by the National Company Law Tribunal (NCLT) to move its headquarters from Singapore to India. This move brings the company one step closer to its eagerly awaited public listing on Indian exchanges. The Bengaluru-based online retailer has
In order to improve the nation's whole EV ecosystem, Maruti Suzuki India intends to localise battery manufacture and other essential components over the coming years. In an effort to boost the EV ecosystem as a whole, the firm intends to inspire confidence in consumers by introducing its first
For an INR 2,342.3 Cr IPO, Shiprocket has submitted its revised draft red herring prospectus (UDRHP) to SEBI. A new issue of equity shares up to INR 1,100 Cr and an offer-for-sale (OFS) component up to INR 1,242.3 Cr would make up the company'
Global alternative investment giant Brookfield Asset Management intends to invest $1 billion to build Asia's largest global capabilities centre (GCC) on a 6-acre plot of property in the Powai suburb of Mumbai, with a total leasable area of 2 million square feet. Over 30,000 jobs are anticipated
According to Reuters, citing sources, American chip manufacturer Nvidia is thinking about expanding production capacity for its H200 artificial intelligence chips because demand for the product from Chinese enterprises surpasses current output. In response to questions from Reuters, an Nvidia representative stated that the business is controlling its supply chain
On December 12, IT services firm Wipro said that it has reached a three-year agreement with tech powerhouse Microsoft to create industry-specific AI solutions for businesses and hasten the adoption of AI. According to a statement from the firm, the collaboration would integrate Microsoft technologies like Azure, Microsoft 365 Copilot,
Ahead of the holidays, WhatsApp has revealed a new set of capabilities that will improve the speed, fluidity, and expressiveness of its discussions for its user base worldwide. These improvements will be available in calls, chats, and status updates. One of the most significant features, according to a blog post
Disney is investing $1 billion in OpenAI and licensing hundreds of its most well-known characters to use in Sora, the company's groundbreaking text-to-video production tool, in one of the most unexpected collaborations of the year. The statement, which was jointly made on 11 December, represents a daring new
In an effort to soothe worries about possible job losses at its manufacturing operations, Skoda Auto Volkswagen India has implemented an early-retirement option at its facilities in Pune and Chhatrapati Sambhaji Nagar, which it anticipates will result in just a limited number of employees leaving. Despite employing almost 5,000
With 53 million distinct transacting clients, Flipkart Minutes, the company's fast commerce platform, saw a 16X increase in the second half of the year. Flipkart Minutes saw significant growth during the holiday season, with demand for products like jewellery, high-end gadgets, home décor, and mobile phones increasing by
Satya Nadella, the CEO of Microsoft and a self-described cricket fan, demonstrated his coding prowess by creating an AI-powered application that evaluates player statistics to select ideal IPL teams. The tool unexpectedly revealed that Virat Kohli was chosen as captain instead of MS Dhoni. Nadella Steals the Show with His
In a comprehensive cost-cutting plan, Pfizer intends to eliminate more than 200 positions in Switzerland, according to a report by Bloomberg News on 11 December that cited people with knowledge of the situation. By the end of 2025, the pharmaceutical company plans to reduce its personnel in Switzerland from about
The Maharashtra government informed the state legislative council on 9 December that Tata Consultancy Services had let go 376 workers from its Pune campuses during the first two quarters of the current fiscal year. Following enquiries from lawmakers who referenced news reports indicating widespread layoffs at the IT services company,
Corporate circles and corporate India are buzzing about the IMF's accreditation of the Unified Payments Interface, or UPI, as the largest real-time payment system in the world with 129.3 billion transactions. Key online payment platforms have praised the recognition and emphasised the close cooperation between the banking
One of the biggest cash piles in the nation's consumer internet market is currently supporting India's quick-commerce development, but the figures conceal a significant shift of capital during the previous 12 months. According to market financial research, after spending close to INR 9,000 crore between
Uber has launched Uber Direct, a delivery service for businesses, in collaboration with the Open Network for Digital Commerce (ONDC), according to CNBC-TV18. According to the corporation, the platform will give companies on the ONDC access to Uber's distribution network. It further stated that drivers are now delivering
With the introduction of Google AI Plus, a new membership plan intended to make it easier and less expensive for consumers to use its most recent AI models, Google is expanding its AI capabilities for Indian users. Consider AI Plus as a combined update that enhances the Google apps you