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According to a media agency, Heavy Industries Minister H D Kumaraswamy stated on 2 June that Tesla has no plans to produce electric cars in India anytime soon. Although local production is not currently in Tesla's plans, the company is getting ready for a market debut. According to
Sanofi, a French pharmaceutical business, said on June 2 that it has agreed to purchase Blueprint Medicines Corporation, a biopharmaceutical company based in the United States that specialises in systemic mastocytosis, a rare immunological condition. Sanofi would pay $129.00 per share in cash under the terms of the transaction,
The number of transactions using the Unified Payments Interface (UPI) increased 4.4% from 17.89 billion in April to 18.68 billion in May, setting a new record. There were 33% more trades than the previous year. UPI transactions experienced a 2.2% month-over-month (MoM) decline in April. The
In the midst of ongoing industry-wide reorganisation, Microsoft-owned LinkedIn has announced the layoff of 281 workers throughout California, joining a growing number of IT firms that have done so. A recent filing with the state's employment agency revealed the job layoffs, which primarily affected talent account directors, senior
According to CEO Campbell Wilson, Air India aims to shift operations to alternative Maintenance, Repair and Overhaul (MRO) facilities in order to lessen its need for Turkish Technic for the maintenance of its wide-body aircraft. Given current geopolitical events surrounding Turkiye, the action was taken. Turkiye denounced India's
Due to non-compliance with food safety regulations, the Food and Drug Administration (FDA), Maharashtra's food safety agency, suspended Zepto's food business licence in Mumbai's Dharavi area on June 1, 2025, according to a prominent media outlet. The report claims that during a recent inspection,
In a case involving deceptive YouTube videos suggesting that investors purchase shares of Sadhna Broadcast, markets regulator SEBI has banned Bollywood star Arshad Warsi, his wife Maria Goretti, and 57 other businesses from the securities markets for a period of one to five years. Warsi and his wife, Maria, were
According to a media report, the Centre is seeking an explanation from Patanjali Ayurved Ltd on a number of financial transactions that federal economic intelligence services have identified as suspicious. The company has received a notification from the Ministry of Corporate Affairs, which is also looking into possible fund diversion
WhatsApp to Introduce Log-Out Feature Without Data Loss According to reports, WhatsApp is working on a new feature that will allow users to exit their primary account without permanently erasing their data. WhatsApp does not yet allow you to log out of your account on your primary device without losing
According to reports, Ashwini Vaishnaw, the minister of information technology, stated that the government is prepared to acquire 14,000 more graphics processing units (GPUs) as part of the IndiaAI Mission. Vaishnaw stated that the ministry's goal in the initial round was to make 10,000 GPUs accessible
Walmart International is approaching Flipkart's expansion cautiously, giving market share and long-term potential precedence above immediate financial gain. Kathryn McLay, president and CEO of Walmart International, stated during the 41st annual strategic decisions conference hosted by Bernstein that the company is dedicated to growing Flipkart in a sustainable
All of Gensol Engineering Limited's and its affiliated companies' bank accounts and lockers have been frozen and attached by the Ahmedabad-based National Company Law Tribunal (NCLT). The Ministry of Corporate Affairs (MCA) filed a complaint accusing the corporation of financial mismanagement and substantial corporate fraud, which prompted
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If you're considering venturing into the fashion industry and want to explore the world of clothing brand franchises, you're in the right place. India's retail sector is thriving, and clothing franchises offer a lucrative opportunity to tap into this booming market. Clothing franchises have
A group has apparently been established by the Ministry of Electronics and Information Technology (MeitY) to develop the national framework for global capacity centres (GCCs). The National Association of Software and Service Companies (NASSCOM), GCC consulting firms Zinnov Consulting and ANSR, accounting giant KPMG, and the national investment promotion and
The hospitality giant OYO has apparently resumed talks for its public offering amidst the persistent rumours surrounding its IPO. The company plans to submit its draft red herring prospectus (DRHP) to SEBI between August and September of this year. According to a news agency citing sources, the firm has had
The Reserve Bank of India (RBI) has given PayPal Payments Pvt Ltd (PayPal), the Indian division of PayPal Holdings Inc., in-principle permission to function as a Payment AggregatorCrossBorderExports (PA-CB-E). According to a statement from the company, this is a significant turning point in PayPal's activities in India and
According to media reports, used vehicle marketplace CARS24 is currently laying off an additional 120 workers from its non-core verticals as part of a reorganisation exercise, more than a month after it let off 200 workers. The non-core verticals of the Delhi NCR-based startup are being shut down or scaled
According to several media reports, Unacademy co-founders Gaurav Munjal and Roman Saini intend to leave their operational positions in the next two to three months. The pair is presently in advanced talks with investors and the board to spin off Unacademy's language learning software, Airlearn, as a distinct
The National Payments Corporation of India (NPCI) has announced a significant update to the Unified Payments Interface (UPI) system, part of a broad overhaul that would affect thousands of digital payment customers nationwide. All UPI-based applications, including Google Pay, PhonePe, and Paytm, will stop using contact-saved identities and nicknames during
At one of FirstCry's warehouses in Bengaluru, the Bureau of Indian Standards (BIS) carried out search and seizure operations and found items valued at INR 90 lakh. Bheemakkanahalli hamlet, Sulibele Hobli, Hoskote taluka, and Bengaluru rural district were all the sites of the one-day inspection. In a regulatory
The well-known pornographic material subscription service OnlyFans might fetch up to $8 billion if it were to go up for sale. According to a media report, billionaire owner Leonid Radvinsky is in negotiations to sell the content creator website to a group of investors headed by the US investment firm
Gabe Newell, the CEO and co-founder of Valve, the firm that created Half-Life, DOTA 2, and Counter-Strike, as well as the leading PC game distribution platform Steam, has long experimented with the notion that a player's brain should be more integrated with his computer. In-house psychologists started researching
After years of waiting, WhatsApp is finally releasing a dedicated iPad app. A dedicated iPad app has now been hinted at by the well-known instant messaging software. In response to a user's request for an iPad app, the official WhatsApp account on X (previously Twitter) recently used the
High-speed satellite internet services are about to be introduced in India by Elon Musk's Starlink and other satellite communication companies, such as Eutelsat OneWeb, which is supported by the Bharti Group, Reliance Jio's joint venture with SES, and Globalstar. In order to swiftly draw in a