Facebook on Monday temporarily fought off a collective lawsuit valued at up to 3 billion pounds ($3.7 billion) over allegations the social media giant abused its dominant position to monetise…
Author: Admin
Adani-Hindenburg fallout: How much debt has Adani Group repaid since Jan 2023
Amid fallout from a US short seller’s scathing report, Adani Group has been trying to boost investor confidence by prepaying its debt, the latest being Adani Ports prepaying Rs 1,000-crore…
G20: India to invite friendly neighbours for March meet; Pakistan likely to not make the cut
India has decided to invite friendly neighbours for one of the critical G20 meetings to be held in March in Hyderabad, but Pakistan is not likely to make the cut.…
TCS bags deal to digitally transform German telecom operator’s business
India’s largest IT services company Tata Consultancy Services (TCS) announced that it has won a deal to digitally transform Telefonica Germany’s specific operations. The latter is a leading German telecom…
Ericsson to cut 1,400 jobs in Sweden
Telecoms gear maker Ericsson plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs globally, it said on Monday. The company had earlier…
India, China to contribute over half of global growth this year, says IMF
India and China are expected to contribute more than half of the global growth this year while the rest of Asia will contribute an additional quarter, according to the International…
Air India to pay pilots up to Rs 2 crore! Airline in hiring spree after deal with Boeing, Airbus
Air India has started hiring across ranks and roles to prepare for the delivery of the 470 aircraft from Boeing and Airbus. The airline currently has staff supporting around 140…
Centre invokes emergency law to force coal-based power plants to up output
India on Monday invoked an emergency law to force power plants that run on imported coal to maximise output ahead of an expected record surge in power usage this summer,…
Centre opposes Vedanta’s $3 bln zinc assets sale, rekindling debt worries
The Indian government has opposed Hindustan Zinc Ltd’s $2.98 billion acquisition of assets from the flagship firm of Vedanta Resources, dealing a blow to billionaire Anil Agarwal’s plans to trim…
Gujarat: Vedanta-Foxconn selects Dholera SIR for first semiconductor facility in India
A joint venture of Indian conglomerate Vedanta and electronics manufacturing giant Foxconn has finalised the Dholera Special Investment Region near Ahmedabad city of Gujarat for setting up their semiconductor and…