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One97 Communications, the parent company of Paytm, has authorised an internal reorganisation plan to directly own a number of its technological and financial businesses. The business stated in a filing with the exchanges that the action is a component of its endeavours to enhance operational efficiency, fortify governance, and streamline
According to reports, Apple is urging the Centre to loosen income tax regulations pertaining to the ownership of "high-end" iPhone equipment that the massive tech company supplies to its contract manufacturers. According to sources who spoke to Reuters, Apple executives have been in discussions with Indian officials in
As the bank seeks to further reduce costs and capitalise on efficiencies brought about by artificial intelligence (AI), Goldman Sachs has reportedly told its employees to anticipate another round of layoffs before the year finishes. According to an internal memo distributed to staff, the New York-based company intends to "
According to Bloomberg News on 15 October, which cited sources with knowledge of the situation, Apple's Ke Yang, the recently hired CEO spearheading an initiative to create an AI-driven online search similar to ChatGPT, is leaving to join Meta. According to the story, Yang was only a few
The ruling Congress government in Karnataka has come under fire from opposition parties after Andhra Pradesh and Google inked a Memorandum of Understanding (MoU) on October 14 to build a top-notch AI data centre in Visakhapatnam. More than one lakh jobs are anticipated to be created by the $15 billion
For booking flights, buses, trains, and hotels, Rapido has partnered with Goibibo, owned by MakeMyTrip; ConfirmTkt, owned by ixigo; and redBus. Rapido aims to become a one-stop travel app, offering its 5 Cr active users from more than 400 cities nationwide a smooth mobility experience. Prior to a possible initial
On October 15, Ola Electric shares are anticipated to be the subject of attention due to signs that the firm plans to enter the energy sector in addition to its primary electric vehicle business. Ola Electric, the largest pure-play EV firm in India, said in an official statement that it
According to reports, L&T Semiconductor Technologies and Hon Young Semiconductor, a subsidiary of contract maker Foxconn, inked a long-term agreement on 14 October to collaborate on the development of high-voltage semiconductor wafers. According to the Economic Times, the two businesses would create wafers for industrial and automotive applications
Amazon is preparing for a significant wave of layoffs once more. According to reports, the firm is planning to lay off up to 15% of the employees in its human resources department, which is internally referred to as the People eXperience and Technology (PXT) team. The HR department will be
At SpaceX's Starbase facility in Texas, Nvidia founder and CEO Jensen Huang personally delivered the company's recently released DGX Spark AI supercomputer to Elon Musk. The meeting occurred as SpaceX got ready for the eleventh test of its Starship rocket, according to a blog post the
In a regulatory statement on October 14, IT giant Infosys declared that it has won a £1.2 billion (about INR 14,137 crore) contract from the NHS Business Services Authority (NHSBSA) to provide a new workforce management system. The current Electronic Staff Record (ESR) system will be replaced with
The yearly performance review cycle of Infosys has begun, reigniting employee expectations for long-awaited pay raises in 2026. In an email, the HR department of the Bengaluru-based IT services behemoth requested that employees submit their self-evaluations by October 17. Employees feel that this appraisal season is more important than the
NASA's Jet Propulsion Laboratory (JPL) announced on 12 October that it will reorganise its personnel by laying off around 550 workers, or 10% of its total workforce, in an effort to maintain the facility's long-term competitiveness. JPL director Dave Gallagher emphasised in a statement that the
HCLTech announced that it will begin giving its workers raises in October, following the lead of its bigger competitor Tata Consultancy Services (TCS), which did so last month with the support of robust revenue growth, improved deal visibility, and sizable artificial intelligence (AI) income. The percentage increase that HCLTech would
Alliance Air, a government-owned regional airline, introduced 'Rates Se Fursat', a new pricing programme, on Monday to relieve travellers of the burden of fluctuating rates. According to an official, the latest initiative, which was introduced by Civil Aviation Minister Rammohan Naidu Kinjarapu in front of Civil Aviation Secretary
According to various media reports, the Enforcement Directorate (ED) has offered to close a FEMA violation case against the Walmart group company Flipkart, provided it acknowledges its error and pays a fine. Flipkart was granted the option last week by the Enforcement Directorate in accordance with the Foreign Exchange Management
Tamil Nadu's industries minister, TRB Rajaa, announced today that Foxconn, a Taiwanese contract manufacturing giant, would invest INR 15,000 crore in the state, generating 14,000 high-value jobs. The minister claims that this is the state's biggest-ever commitment to engineering jobs and that it will
Following the release of the company's second-quarter results, Chief Human Resources Officer Sudeep Kunnumal stated that Tata Consultancy Services (TCS) would increase variable compensation for senior personnel while maintaining its 100% quarterly incentives for younger people, according to the Press Trust of India. In addition to yearly pay
Thomas Kurian, the CEO of Google Cloud, has refuted popular concerns that AI will replace tech employment, claiming that AI will enable humans to do tasks that they were previously unable to do. Kurian stressed that AI's main function is to augment human talents rather than completely replace
After dominating the high-end smartphone market, Apple is now attempting to compete with Meta and offer something different. Apple analyst Mark Gurman claims that the corporation is prepared to abandon all of its plans for the Apple Vision Air and instead focus on introducing smart glasses for consumers. With their
According to several reports, Google is launching a new feature in its Chrome browser for desktop and Android users that will automatically disable notifications from websites that users often ignore. Building on Chrome's already-existing Safety Check function, the addition aims to enhance browsing and lessen "notification fatigue.
The President and CEO of Qualcomm, Cristiano R. Amon, met with Prime Minister Narendra Modi on 11 October to talk about India's progress in artificial intelligence, innovation, and skill development. The Prime Minister conveyed gratitude for Qualcomm's dedication to India's AI and Semiconductor Missions.
Tuhin Kanta Pandey, the chairman of the Securities and Exchange Board of India (SEBI), announced on 11 October that the market watchdog is simplifying regulatory procedures to facilitate NRI investments in Indian equities markets. In order to eliminate the need for NRIs to return to India in order to fulfil
The massive Taiwanese electronics manufacturer Pegatron is constructing a new plant in Chennai with the goal of manufacturing 5G small cells for the expanding private networks industry in India. The plant will also be able to meet demand from other parts of the world, including Europe, Southeast Asia, and possibly