Flipkart may reduce workforce by up to 7%, affecting 1,500 employees
New Delhi, Jan 8 - E-commerce major Flipkart is reportedly planning to reduce its workforce by 5-7 per cent in early 2024 that may affect nearly 1,500 employees. The Walmart-owned company currently has around 22,000 employees.
Google announces 2nd cohort of GNI Startups Lab India
New Delhi, Jan 8 - Google on Monday announced the second cohort of the GNI Startups Lab -- a 12-week catalyst programme that aims to help the next generation, independent, early-stage Indian news startups achieve financial and operational sustainability.
India’s farm exports to exceed $53 bn in 2023-24: Piyush Goyal
New Delhi, Jan 8 - India's agricultural exports in 2023-24 will exceed last year’s level of $53 billion despite the restrictions imposed on overseas shipments of some commodities, Commerce and Industry Minister Piyush Goyal said on Monday.
Over 30 Boeing 737 Max 8 with Indian operators inspected, no adverse findings: DGCA
New Delhi, Jan 8 - The Directorate General of Civil Aviation (DGCA) on Monday said that checks and inspection of the Boeing 737 Max 8 aircraft by Indian operators have been satisfactorily performed on the fleet, with no adverse findings.
EaseMy Trip suspends all flight bookings for Maldives
New Delhi, Jan 8 - Amid the online boycott Maldives campaign, EaseMyTrip, headquartered in the national capital, has opted to halt all flight bookings to the Maldives.
ACC strengthens market leadership with acquisition of Asian Concretes and Cements at enterprise value of Rs 775 cr
New Delhi, Jan 8 - ACC Limited, subsidiary of Ambuja Cements Limited and a leading entity in the cement and building materials sector, currently holds 45 per cent stake in Asian Concretes and Cements Private Limited (ACCPL).
Hyundai Motor India to invest another Rs 6,180 cr in TN
Chennai, Jan 8 - Hyundai Motor India Limited (HMIL) on Monday said it will invest another Rs. 6,180 crore in Tamil Nadu apart from the earlier announced Rs 20,000 crore investment for electric vehicle and others between 2023-2032.
IPO-bound FirstCry’s CEO offloads shares worth Rs 300 cr: Report
New Delhi, Jan 8 - Supam Maheshwari, Co-Founder and CEO of mother and child care e-commerce platform FirstCry has reportedly offloaded 6.2 million shares prior to filing for the company’s initial public offer (IPO).
Qualcomm to open new design centre in India, to generate 1,600 jobs
New Delhi, Jan 7 - Chip-maker Qualcomm on Sunday announced a significant expansion in Chennai with a new facility for their design centre, allocating a proposed investment of Rs 177.27 crore, that is likely to generate 1,600 jobs.
ONGC starts producing oil from deep-sea KG basin
New Delhi, Jan 8 - Oil and Natural Gas Corporation (ONGC) has started oil production from its Krishna Godavari (KG) basin deep-sea project in Bay of Bengal, which will enable India to reverse the decline in the domestic output that has taken place
Adani Electricity notched high-powered show in 2023; energises for 2024
Mumbai, Jan6 - The Adani Electricity Mumbai Ltd (AEML) recorded a high-voltage performance in 2023 and is looking forward to an energetic show even in 2024, officials said here on Saturday.
India’s Metro network to become world’s 2nd largest, leaving US behind
New Delhi, Jan 7 - India’s metro network is expanding at an unprecedented pace and is likely to surpass that of the US in the next couple of years to become the second largest in the world.
Looking Beyond 5G: India takes the leap forward to explore 6G comms
New Delhi, Jan 7 - While India has just achieved the world’s fastest 5G rollout, the country is also playing a key role in the global telecom sector in initiating strides towards creating 6G or sixth generation communication technology as the next big
Reliance Industries to invest in renewable energy, green hydrogen in TN
Chennai, Jan 7 - Reliance Industries Ltd has decided to make new investments in renewable energy and green hydrogen in Tamil Nadu, said its Chairman and Managing Director Mukesh D. Ambani.
‘Mounting national debt at $34 trillion a boiling frog situation for US economy’
New York, Jan 7 - The US government's growing national debt at $34 trillion debt is a "boiling frog" for the US economy, as government expenditure bills will exceed its revenues by the early 2030s, according to a Congressional Budget Office estimate.
United Airlines temporarily suspends Boeing 737 MAX 9 aircraft
Chicago, Jan 7 - Chicago-based United Airlines (UA) has announced that it has temporarily grounded all of its Boeing 737 MAX 9 aircraft as required by the Federal Aviation Administration (FAA).
Netflix may introduce in-app purchases, ads to games
San Francisco, Jan 6 - Streaming giant Netflix is reportedly planning to generate revenue from its gaming business by adding in-app purchases and advertisements.
Alaska Airlines grounds all Boeing 737-9 aircraft after emergency landing
Washington, Jan 6 - Alaska Airlines has grounded all of its Boeing 737-9 aircraft after one such plane had to make an emergency landing in Portland, Oregon, with a window and a part of the fuselage missing.
Uber expands flexible pricing service to more tier 2, 3 cities in India
New Delhi, Jan 6 - Ride-hailing major Uber is now testing its flexible pricing service in several tier 2 and 3 cities in India to expand its user base, allowing commuters to bid a particular fare for their ride.
US preparing to file antitrust charges against Apple: Report
San Francisco, Jan 6 - The US Justice Department is reportedly preparing to file a federal antitrust case against Apple for keeping customers locked into its ecosystem.