NEWS
BlackRock slashes Byju’s valuation to $1 billion amid ongoing challenges
12 Jan 2024
In a recent disclosure by US-based asset manager BlackRock, the valuation of its stake in ed-tech giant Byju’s has been further reduced to approximately $1 billion, marking a significant 95% decrease from its peak valuation of $22 billion in 2022
TCS Q3 net profit up 8.2% at Rs11,735 cr; revenue at Rs60,583 cr
11 Jan 2024
Tata Consultancy Services (TCS) has reported a net profit of Rs11,735 crore for fiscal third quarter ended 31 December 2023, an 8.2 per cent increase year-on-year, on the back of rising demand for cloud-led services.
Thomson Reuters proposes a $627 million acquisition of Sweden's Pagero
11 Jan 2024
Thomson Reuters has officially put forward a proposition to acquire Pagero, a Swedish company specializing in e-invoicing and tax solutions. The offered amount stands at a noteworthy 6.4 billion crowns (Krona), translating to approximately $627 million.
Tatas plan mega chip factory in Gujarat; work on Li-Ion battery plant to start in March
11 Jan 2024
The Tata Group has lined up major investments in Gujarat, including the building of a 20 GW Lithium-Ion factory and a semi-conductor fabrication unit, to be built in Dholers, Tata Group CEO Natarajan Chandrasekharan said on Wednesday.
Thrillophilia launches a 'One-Stop' tourism guide for Lakshadweep
11 Jan 2024
In a bid to capture the recently growing interest in Lakshadweep tourism, Rajasthan-based travel platform Thrillophilia has launched a dedicated online platform, TourismLakshadweep.com.
Maruti Suzuki to invest Rs38,200 cr in Gujarat, to add EV unit
11 Jan 2024
Maruti Suzuki will invest Rs38,200 crore in Gujarat to increase annual production capacity in the state by 1.25 million units.
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Govt to build 6,000 km of EV-ready highways by 2030
11 Jan 2024
The government has proposed to build 6,000 km of highways that are ready for electric mobility over the next seven years, as part of the proposed Vision 2030 PM Public Transport Sewa projects.
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Amazon to cut jobs in Prime Video and Studio Operations
11 Jan 2024
In a significant move, Amazon.com has announced plans to lay off several hundred employees in its streaming and studio operations.
Sony Honda Mobility unveils Afeela EV, drives it with PS5 console
11 Jan 2024
Sony Honda Mobility unveiled the prototype of its Afeela electric vehicle at the Consumer Electronics Show (CES) in Las Vegas on Wednesday, driving the car onto the stage using a Play Station 5 console.
Tata Electronics plans Rs7,000-cr expansion of Hosur plant
10 Jan 2024
Tata Electronics has proposed to invest Rs7,000 crore for expanding production capacity at its Hosur plant. The proposal, which comes after the company’s acquisition of Wistron’s plant in Malur, could include setting up a unit to assemble Apple iPhones.
NTPC-SAIL power invites bids for 15 MW floating solar PV project in Chhattisgarh
10 Jan 2024
NTPC Limited has invited bids for the development of a 15 MW floating solar photo-voltaic project to be installed over the Maroda Reservoir-1 in Bhilai, Chhattisgarh.
India aims for $5 trillion economy by FY28, eyes $30 trillion by 2047: Finance Minister Sitharaman
10 Jan 2024
India’s Finance Minister Nirmala Sitharaman announced optimistic projections for India’s economic future at the Vibrant Gujarat Global Summit.
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