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In response to a recent decision by the Delhi High Court's Division Bench, Reliance Industries Limited (RIL) has declared its plan to contest a $2.81 billion demand from the Ministry of Petroleum and Natural Gas. A long-running dispute about purported gas migration from Oil and Natural Gas
OYO, a travel tech platform, is speeding up its plans for an IPO as it approaches a significant deadline for year-end debt payments. A media agency reported that if the business doesn't go public by October, creditors, notably Mizuho Financial Group Inc., are putting pressure on founder Ritesh
Digiledge, a Bengaluru-based fintech SaaS platform, was purchased by Mintoak to expand its digital payments platform to include bill payment and Central Bank Digital Currency (CBDC) solutions. The financial business will function as a Mintoak subsidiary after the acquisition, which was completed in an all-cash transaction. The deal's
Priyank Kharge, Karnataka's IT minister, has alerted to take regulatory action against e-commerce and fast commerce platforms if they don't enhance customer service and complaints. According to the minister, current technological solutions—like chatbots used by different platforms—cannot resolve client complaints, leaving people stuck in
Over the next four to five years, Amazon Web Services (AWS), the company's cloud computing division, plans to invest $8.2 billion in Maharashtra. Ashwini Vaishnaw, the Minister of Electronics and Information Technology, reaffirmed the declaration and emphasised the investment's positive effects on the economy and
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The convenience of Internet food delivery services was greatly enhanced during the pandemic. The dominant player in the online grocery delivery app and company market is influencing users' habits. Online shopping is becoming increasingly common among consumers. As a result, more and more delivery services, like Zepto, have launched
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Approximately 64 percent of adults around the world need corrective lenses to see clearly, according to recent studies. Envisioning a society where selecting the ideal eyewear is both a vital must and a truly enjoyable activity. This ambition has come true thanks to Lenskart, an industry pioneer. Both customers'
In order to assist businesses working in the fields of data analytics, blockchain, spacetech, and artificial intelligence, PwC India has started its first accelerator program. Under the three-month "Emerging Tech Startup Challenge" program, at least 15 late-stage firms with at least two to three successful commercial implementations and
Reliance Industries Ltd., a company owned by billionaire Mukesh Ambani, risks penalties for not establishing a battery cell plant as part of Indian Prime Minister Narendra Modi's initiative to reduce reliance on imports, according to various media reports. Reliance New Energy Ltd., one of the companies that won
Tokyo Electron, a partner of Tata Electronics, is the most recent fab toolmaker to consider establishing a manufacturing presence in the nation. The Tokyo Electron India Project's project director, Vaidya Bharadwaj, told reporters that although localisation is not a top priority right now, Tokyo Electron is keen to
According to a media agency, Ola Electric Mobility Ltd., under the leadership of Bhavish Aggarwal, is laying off over 1,000 staff and contract workers in an attempt to reduce the company's growing losses. As the electric two-wheeler (2W) manufacturer goes through a significant reorganisation, the employment cutbacks
Adani Green Energy Ltd. (AGEL), in order to build the largest solar-wind hybrid renewable cluster in India in Rajasthan, said it had successfully refinanced its first construction facility with an outstanding balance of USD 1.06 billion from 2021. The biggest renewable energy provider in India, AGEL, revealed this development