NEWS

Wadias to exit Go First, show no interest in bidding for grounded airline

Wadias to exit Go First, show no interest in bidding for grounded airline

13 Oct 2023

Go First Airlines former owners, Wadia Group, have no interest in making a bid for the airline amid legal disputes and insolvencies. According to reports, only two candidates have shown expressions

Indian employers anticipate AI to generate new jobs in 1-5 years, with over 85% optimistic, reveals survey

Indian employers anticipate AI to generate new jobs in 1-5 years, with over 85% optimistic, reveals survey

13 Oct 2023

Indeed, a global hiring platform conducted a global survey on the potential of artificial intelligence (AI) being used in the workplace.

The Government of India delays new PLI schemes until it verifies the success of the existing ones

The Government of India delays new PLI schemes until it verifies the success of the existing ones

12 Oct 2023

The Government of India has decided to delay the introduction of production-linked initiatives (PLI) for additional sectors until the existing initiatives produce positive results.

Tech giants Google, Amazon, and Cloudflare were attacked by the largest ever denial of service operation

Tech giants Google, Amazon, and Cloudflare were attacked by the largest ever denial of service operation

12 Oct 2023

Major tech companies such as Google, Amazon, and Cloudflare have encountered the internet’s biggest ever denial-of-service attack.

Orkla ASA merges MTR, Eastern, and International Business to create Orkla India

Orkla ASA merges MTR, Eastern, and International Business to create Orkla India

12 Oct 2023

The Norwegian industrial investment giant Orkla ASA has merged its three Indian businesses into one. These business units are MTR, Eastern, and International Business (IB).

Oil price soars as concerns over supply creep in amid Israel-Hamas conflict

Oil price soars as concerns over supply creep in amid Israel-Hamas conflict

11 Oct 2023

The price of oil rose higher on Wednesday, 11 October, with investors concerned about supply disruptions due to the Israel-Hamas conflict.

AMD to acquire AI software firm Nod.ai to challenge Nvidia

AMD to acquire AI software firm Nod.ai to challenge Nvidia

11 Oct 2023

Advanced Micro Devices (AMD) revealed on Tuesday, 10 October, its plans to buy Nod.ai, an artificial intelligence startup.

Blackstone in talks to acquire stake in Disney's Indian division amid free ICC World Cup streaming

Blackstone in talks to acquire stake in Disney's Indian division amid free ICC World Cup streaming

11 Oct 2023

Blackstone, a private equity firm, has started initial talks with the Walt Disney Company to acquire a stake in the Indian division of the firm.

Direct tax collection on track to exceed budget target, says CBDT chairman

Direct tax collection on track to exceed budget target, says CBDT chairman

11 Oct 2023

Central Board of Direct Taxes (CBDT) chairman Nitin Gupta, during a recent address, expressed his strong confidence that the current fiscal's direct tax collection

Deloitte to acquire rival PwC's network firms in Sri Lanka and Maldives

Deloitte to acquire rival PwC's network firms in Sri Lanka and Maldives

10 Oct 2023

Deloitte, a world-renowned accounting firm, is planning to acquire some of the network firms from its competitor, PricewaterhouseCoopers (PwC), in the Maldives and Sri Lanka regions.

Tata Steel shares attract investors’ attention after Fitch boosts rating to 'BBB-'

Tata Steel shares attract investors’ attention after Fitch boosts rating to 'BBB-'

10 Oct 2023

Tata Steel Ltd.'s shares are set to attract attention in Tuesday's, 10 October, morning trading session following an upgrade

South Korean electronics giants have been granted permission for easier US chip equipment exports to China

South Korean electronics giants have been granted permission for easier US chip equipment exports to China

10 Oct 2023

South Korean tech giants such as Samsung Electronics and SK Hynix will be permitted to supply their chip equipment units to their Chinese factories.

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