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With an anticipated monthly price of INR 3,000 for limitless bandwidth and a one-time fee of INR 33,000 for the receiver kit, Elon Musk's satellite internet business Starlink is getting closer to offering its services in India. According to a media site, the service is anticipated
In the Balewadi-Baner neighbourhood of Pune, the dark store "Energy Darkstore Services", one of the stores of Blinkit, has been the target of significant action from the Maharashtra Food and Drug Administration. The FDA has ordered this establishment to close immediately due to numerous major irregularities and operating
According to numerous media reports, fashion retailer Shein and partner Reliance Retail intend to quickly grow their Indian supplier base and begin selling Shein-branded clothing abroad in the next six to twelve months. As per stories published in the media, the Singapore-based e-commerce company, which was started in China, has
In an attempt to cut expenses while one of its companies declares bankruptcy, Sunnova Energy has let go of 718 workers, or around 55% of its workforce. In a filing on 5 June's afternoon, Sunnova informed federal regulators that its wholly owned subsidiary, Sunnova TEP Developer LLC, had
Four significant public sector banks have changed their lending rates in response to the Reserve Bank of India's (RBI) recent move to lower the repo rate by 50 basis points, which reflects the central bank's monetary easing stance. In the face of persistent difficulties, the action
With the CEO of HDFC Bank now also named as an accused for allegedly targeting and harassing founder trustee Kishor Mehta, the ongoing conflict between the current trustees and former trustees of the Lilavati Kirtilal Mehta Medical Trust (LKMMT), which operates the renowned Lilavati Hospital in Bandra West, Mumbai, has
According to a number of media stories, JP Morgan has warned new hires that they may lose their jobs if they accept positions at other organisations in the future. The CEO of the bank claimed that it was "unethical" to accept a position at JP Morgan with the
Uncertainty surrounds the fate of a Japanese private lunar lander that lost communication on 6 June while descending to the moon. The lander, dubbed Resilience, successfully left lunar orbit, according to Tokyo-based iSpace, but communication was lost during the hour-long descent phase. At crucial points, the company's broadcast
In an effort to combat growing operating expenses and waning consumer demand, Procter & Gamble has revealed intentions to lay off around 7,000 employees, or roughly 6% of its global workforce, over the course of the next two years. The company's non-manufacturing employees, who make up over
For INR 123 Cr, or roughly $14.3 million, Zaggle plans to purchase Pune-based enterprise spend management startup Dice Enterprises Limited. According to Zaggle, the acquisition will expand its product line, provide access to Dice's clientele, and aid in its expansion in India and internationally. In an exchange
For its delivery partners in Delhi-NCR, Zomato is testing a fleet of electric vehicle (EV) bikes for rent. The foodtech giant is renting out two-wheeler EVs to its delivery partners as part of the green initiative. The business stated in a statement that, depending on partner uptake, it will extend
As his feud with President Donald Trump erupts into open warfare, Elon Musk has threatened to shut down SpaceX's Dragon spacecraft, NASA's only US astronaut carrier. This move will set off a spiralling crisis that could ground American spaceflight, derail moon missions, and jeopardise $22 billion
The signing of four Production Transfer Agreements by Dassault Aviation and Tata Advanced Systems Limited to manufacture the fuselage of the Rafale fighter aircraft in India represents a major advancement in the nation's aerospace manufacturing capacity and support for international supply chains. This facility will be a vital
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In today's globalized and competitive business landscape, outsourcing has become a strategic approach for organizations looking to streamline their operations and enhance efficiency. India has emerged as a preferred destination for BPO services, offering a vast pool of skilled professionals, cost-effective solutions, and a favorable business environment. The
According to reports, TRAI turned down the COAI's request to examine its suggestions for satcom spectrum. Following a thorough and open consultation process, the Centre has received recommendations pertaining to spectrum. Telecom companies disregarded TRAI's suggestion earlier this month that satellite spectrum be billed at 4%
Zepto postponed its initial public offering plans by a year. This puts the fast commerce giant in line with companies like Zetwerk, OYO, and PayU India, who similarly use a wait-and-watch tactic before parking on D-Street. Zepto, notably, raised the size of the public offering from $450 million to $800
According to media reports, Microsoft is assigning Ryan Roslansky, the CEO of LinkedIn, a more significant position that will involve managing Office productivity tools. As per reports, Roslansky, who took over LinkedIn five years ago, is going to be the executive vice president of Office. He will be answering to
Bing Video Creator is a brand-new AI video production tool from Microsoft. With just a description of what they would like to see, users may now create brief AI films. The function is comparable to that of Bing Image Creator, which uses AI to generate images in response to user
Nearly a year after an alleged cyber robbery that resulted in the loss of $235 million in virtual digital assets, the Singapore High Court (HC) on 5 June dismissed the planned restructuring plan of WazirX's parent company, dealing a serious blow to cryptocurrency traders on the exchange platform.
According to various media reports, the Gujarat Cooperative Milk Marketing Federation (Amul), which sells goods under the Amul brand, has partnered strategically with Spain's Cooperativa Ganadera del Valle de los Pedroches (COVAP) to launch its signature milk product in both Spain and the EU. Before moving on to
The board has given Capillary Technologies permission to raise INR 2,250 Cr, or about $263 million, through an initial public offering (IPO). In accordance with regulatory filings, the Warburg Pincus-backed business intends to raise INR 500 Cr through the issuing of new shares and will also have an offer
In light of the continued Trump tariffs that are threatening the German auto sector, international automaker Volkswagen has announced plans to reduce its workforce by 35,000 employees by 2030 as part of its cost-cutting programme, according to a media report. Citing a works council meeting at Volkswagen's
Kia, another South Korean automaker, has decreased its ownership in the EV company, while Hyundai Motor has sold off all of its shares in Ola Electric. According to a news agency, the total share sale brought in about INR 6.89 billion ($80 million). Hyundai, which had previously owned 2.
According to reports, Good Glamm Group has postponed staff salaries for the second consecutive month in May. April and May's pay were meant to coincide, according to a news source that quoted an employee, but that doesn't appear likely to happen anytime soon. It's