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The Indian tech industry is receiving billions of dollars. Microsoft has announced a new $17.5 billion (approximately INR 1.6 lakh crore) investment in India, weeks after Google announced a $15 billion AI hub and data centre plan. In a meeting with Prime Minister Narendra Modi on 9 December,
As hyperscalers compete for market share, Amazon pledged on December 20 to invest more than $35 billion in India's cloud and AI space by 2030. The pledge, which was made public at the Amazon Smbhav Summit in New Delhi, expands on the almost $40 billion that has previously
Following a setup error that showed Starlink's India pricing on its local website, the business announced on December 8 that the issue has been resolved and that the figures do not accurately represent the cost of Starlink service in India. The Starlink India website launched with service prices
In a desperate attempt to outbid Netflix and establish a media powerhouse that would contest the streaming behemoth's hegemony, Paramount Skydance made a hostile bid of $108.4 billion for Warner Bros. Discovery on December 8. Netflix secured a $72 billion equity offer for Warner Bros. Discovery'
On December 8, PepsiCo announced a number of operational adjustments, including a review of its supply chain and a reduction in the total number of goods it offers. These changes were supported by activist investor Elliott Investment Management. According to an internal memo, the corporation is also considering layoffs in
HBC Coca-Cola for soft drink multipacks, Austria, is exploring a new packaging approach that substitutes a recyclable corrugated paper handle for plastic shrink wrap for the Coca-Cola, Fanta, Sprite, and Mezzo Mix brands. It is anticipated that the new design, which was created in collaboration with DS Smith and Krones,
The data streaming pioneer Confluent, Inc., and IBM have announced that they have reached a final agreement whereby IBM would pay $31 per share, or an enterprise value of $11 billion, for all of Confluent's issued and outstanding common shares. Confluent is a top-tier open-source enterprise data streaming
Adani Green Energy Ltd (AGEL) announced on 8 December that it has strengthened its transition to nature-positive renewable energy production by incorporating the Taskforce on Nature-related Financial Disclosures (TNFD) guidelines into its core sustainability plan. The United Nations Environment Programme Finance Initiative, the United Nations Development Programme, the World Wildlife
According to reports, US President Donald Trump expressed worries on December 7th about possible antitrust "problems" in the streaming behemoth Netflix Inc.'s purchase of rival film studio Warner Bros. Discovery Inc. According to Bloomberg, he declared that he would personally intervene to verify the details and
A new regulation prohibiting hotels, event planners, and similar organisations from gathering and keeping physical copies of Aadhaar cards will soon be implemented, according to a senior government official. The current Aadhaar Act is broken by the practice of keeping a copy. UIDAI CEO Bhuvnesh Kumar claims that the authority
The first phase of bulk delivery of Ola Electric's 4680 Bharat Cell-powered automobiles has been announced. The first model to be powered by the company's domestically produced 4680 Bharat Cell battery pack, which offers increased performance, safety, and range, is the S1 Pro+ (5.2 kWh)
According to RPG Group Vice Chairman Anant Goenka, the tyre manufacturer Ceat is creating tyres for a number of international markets in an effort to increase its exports to areas like the US and Europe and position itself as a global brand. About 20% of the RPG Group company'
According to a business spokesman on 7 December, Deloitte will introduce an AI-powered platform called "Tax Pragya" this week to help its clients obtain tax research and insights more quickly. According to Deloitte India Partner Sumit Singhania, Tax Pragya, which is scheduled for debut on December 9, was
A Memorandum of Understanding (MoU) for the promotion of health and wellbeing was signed on Saturday by the domestic Patanjali group and the Russian government. In a statement, Baba Ramdev, a trustee of the Patanjali Yogpeeth, said that the objectives of this Memorandum of Understanding are research-related projects, health tourism,
According to Bloomberg, which quoted people with knowledge of the situation, SoftBank Group is considering another acquisition, as the Masayoshi Son-led business is in negotiations to purchase DigitalBridge Group Inc. Data centres are among the assets that DigitalBridge, a private equity firm, invests in. SoftBank's discussions coincide with
According to various media reports, Netflix is in exclusive negotiations to purchase Warner Bros. Discovery's film and television studios as well as its streaming assets for $28 per share. Following initial acquisition proposals from Netflix, Paramount Skydance, and Comcast, the parent company of HBO, which has been considering
After cancelling hundreds of flights this week due to a lack of pilots, IndiGo has informed India's aviation regulator that its operations will be fully restored by February 10 and has requested relaxation from certain regulations that limit pilot duty hours at night. On December 4, the largest
In an effort to improve its after-sales operations, Ola Electric is planning to engage over 1,000 senior service technicians and specialist professionals as part of the next phase of its Hyperservice program, individuals familiar with the matter told PTI. The expansion would greatly augment Ola’s existing after-sales workforce
In an interview with The Verge, IBM CEO Arvind Krishna stated that artificial intelligence is not the primary reason for the current wave of layoffs in the tech sector. Rather, he attributed the latest job losses to a "natural correction" and blamed the pandemic's overhiring. According
SEBI has taken its most severe action to date against a financial influencer, ordering the impoundment of INR 546 crore and barring Avadhut Sathe, the founder of the Avadhut Sathe Trading Academy (ASTA), from the securities market. According to the authority, this money was obtained by deceiving thousands of ordinary
In response to growing criticism of Big Tech's use of generative AI, the European Commission announced on 4 December that it has launched a new antitrust probe against Meta Platforms and started a new tab over the development of AI features in WhatsApp. As the union looks to
A 'notified partner' of Raiden Infotech India, Adani Infra (India) Pvt Ltd, has been granted 480 acres of property in the districts of Visakhapatnam and Anakapalli by the Andhra Pradesh government. One GW AI Data Centre will be established in the state by Google subsidiary Raiden Infotech India.
Zepto, a platform for quick commerce (qcom), has used slotted delivery in a few places. Instead of relying just on immediate delivery, the function enables customers to arrange their orders for a particular time window. It is presently undergoing pilot testing in a few places, such as Bengaluru and Delhi.
In an effort to offset losses brought on by US tariffs imposed by President Donald Trump, Canadian steel manufacturer Algoma Steel Group plans to close its blast furnace in northern Ontario and lay off 1,000 employees, or roughly 40% of its workforce. According to a Bloomberg article, the Sault