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In an effort to minimise service interruptions on New Year's Eve amid a strike call by gig workers' unions, food delivery platforms Zomato and Swiggy are providing additional incentives to their delivery partners, a practice they typically follow during festive periods. According to the Indian Federation of
The Union Cabinet on 31 December approved a support package that freezes a significant portion of Vodafone Idea's Adjusted Gross Revenue (AGR) dues, providing significant respite for the indebted telecom company. According to reports, the ruling has frozen Vodafone Idea's AGR dues, which total INR 87,
The draft red herring prospectus (DRHP) that Captain Fresh submitted to the Securities and Exchange Board of India (SEBI) has been formally withdrawn. Utham Gowda, a cofounder of Captain Fresh, acknowledged in an interview with a media outlet that the company had temporarily paused its listing attempt due to unexpected
Ola Electric announced on 30 December that the International Centre for Automotive Technology (iCAT), Manesar, has certified its flagship electric motorcycle, the Roadster X+ (9.1 kWh), which is powered by an indigenously developed 4680 Bharat Cell battery pack, in accordance with the Central Motor Vehicle Rules (CMVR), 1989. With
Ducati India is counting on the India–EU Free Trade Agreement (FTA) to be a game-changer for the luxury motorcycle sector, as the country's premium motorcycle market struggles with a high 40% GST on bikes larger than 350 cc. The Italian superbike manufacturer claimed that an already specialised
As the IT services industry undergoes its largest technological revolution to date, Tata Consultancy Services (TCS) has started a comprehensive internal and market-facing reset to get ready for a future driven by artificial intelligence. The increased effort is indicative of a fundamental change in the adoption of AI, which has
As the digital powerhouse speeds up attempts to incorporate cutting-edge AI throughout its platforms, Meta announced on December 29 that it will buy Chinese-founded artificial intelligence firm Manus. The Singapore-based company is valued at between $2 billion and $3 billion, according to a report by Reuters, although the financial details
Sam Altman, the founder of OpenAI, has revealed a new senior position that will pay over $500,000 annually. Reducing the dangers associated with quickly developing artificial intelligence (AI) systems is the main goal of the position. The company is hiring a "Head of Preparedness", Altman said, describing
On December 29, Arvind Fashions Ltd announced that it would pay INR 135 crore to purchase the Flipkart group's 31.25% share in Arvind Youth Brands Pvt Ltd. Under the brand name "Flying Machine", Arvind Youth Brands Pvt Ltd (AYBPL) presently operates a wholesale and retail
Due to persistent demand for safe haven assets and growing prospects of US interest rate cuts, silver prices continued their upward trend, closing higher by 1.88% at 2,23,790. As the case for policy easing is strengthened by conflicting US economic data, markets are gradually factoring in two
According to a corporate statement on 28 December, the NCLT has approved a resolution plan that Ambuja Housing and Urban Infrastructure Corporate Ltd. (AHUICL) presented to take over and finish the stalled Usshar residential project at Batanagar near Kolkata. The National Company Law Tribunal's (NCLT) Kolkata bench'
According to news reports, JBM Group, which has its headquarters in Gurugram, has signed an exclusive agreement to purchase the bulk of GLIDA, the Finnish state-run energy company Fortum Oyj's Indian electric vehicle (EV) charging network. With the transaction, the third-largest Nordic power firm will completely leave India,
Over the past 11 years, India's electronics manufacturing sector has seen a dramatic change, with production expanding six times and exports increasing eight times, according to Union Minister Ashwini Vaishnaw. As per the minister, exports increased from INR 0.38 lakh crore to INR 3.3 lakh crore
In keeping with a strategy to fully realise the potential of prospects across a range of domains, including jet engines, naval propulsion, land systems, and advanced engineering, British aero-engine manufacturer Rolls-Royce announced on Sunday that it is considering making India its third "home market" outside of the UK.
According to multiple media reports, Zepto has submitted preliminary documents to markets regulator SEBI in order to raise INR 11,000 crore through a confidential initial public offering (IPO) on 27 December. In order to become one of the newest businesses to make their debut on Indian exchanges, the company
Instead of moving operations from other nations, Samsung wants to increase its manufacturing presence in India by focusing on local production, exports, and component manufacturing. According to The Economic Times, the company has applied for components to manufacture mobile phone displays in India under the production-linked incentive (PLI) system. Additionally,
India has surpassed other places like Hungary and Belgium to become the largest production base for American bag maker Samsonite after two phases of capacity expansions requiring capital expenditures of INR 250 crore. In just six years, the company has successfully increased the capacity of its Nashik facility to produce
According to The Economic Times, Hindustan Coca-Cola Beverages (HCCB), the Indian bottling company of Coca-Cola, has begun cutting staff as part of a larger initiative to increase profits and streamline operations. Across departments, about 300 positions are being eliminated. The action was taken months after the company reorganised its operations
Ola Electric, a manufacturer of electric vehicles, announced on 23 December that it is expanding its Hyperservice project by opening dedicated Hyperservice Centres that will provide qualified customers with a free same-day service guarantee. Bengaluru will be the first of the company's existing service facilities to be progressively
The software division of IT conglomerate HCLTech, HCLSoftware, announced on 22 December that it will buy Wobby, a startup based in Antwerp that specialises in AI data analyst bots. The all-cash transaction, which costs $5.2 million (€4.5 million), is HCL's most recent attempt to integrate "
According to a stock exchange filing, One97 Communications Ltd., the parent company of the fintech business Paytm, is bringing in an investor for its United Arab Emirates (UAE) payments arm and growing its global presence with new subsidiaries in Indonesia and Luxembourg. Two step-down fully owned subsidiaries in Indonesia and
Even though the deal involves equity dilution that is still EPS-accretive for current Ambuja shareholders, Ambuja Cements' decision to combine ACC and Orient Cement into itself represents a structural reset of the Adani Group's cement empire, creating a single "one cement platform" with sharper operating
Together with Future Group CEO Kishore Biyani, the Zerodha co-founders have founded The Foundery, an Indian startup accelerator for early-stage companies. Combining aspects of a school, accelerator, and venture studio, the 90-day residential programme offers aspiring entrepreneurs an immersive experience from concept development to investment readiness, as well as the
Apple was penalised over 98 million euros ($114.8 million) by Italy's competition authorities for allegedly abusing its dominance in the digital economy through its app-tracking transparency policy.According to the nation's antitrust watchdog, Apple unfairly requires app developers to comply with privacy regulations. On 22