Operations
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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 Group unveils plans for two Taj resorts in Lakshadweep, set to open in 2026
09 Jan 2024
In a strategic move, Tata Group’s Indian Hotels Company Limited (IHCL) has announced the development of two Taj-branded resorts in the picturesque Lakshadweep archipelago, poised to open its doors in 2026.
Exxon Mobil struggles with a $2.5 billion California offshore exit
09 Jan 2024
Exxon Mobil is set to write down approximately $2.5 billion related to its troubled California properties, marking a move to cease offshore oil production in the state after five decades.
ONGC starts oil production from deep water KG basin block
09 Jan 2024
State-owned oil and natural gas explorer, Oil and Natural Gas Corporation (ONGC), on Monday (8 January) announced the start of production of "First Oil" from the deep-water block in Krishna Godavari (KG) basin, in the East Coast of India.
Boeing's 737 Max 9 incident raises safety concerns and prompts grounding
08 Jan 2024
An emergency landing of an Alaska Airlines Boeing 737 Max 9 in Portland, Oregon, USA, has prompted the Federal Aviation Administration (FAA) to order inspections, affecting about 171 planes owned by Alaska, United, and other carriers.
EaseMyTrip suspends Maldives flight bookings amid diplomatic tensions
08 Jan 2024
In a bold move showcasing solidarity with India, EaseMyTrip has announced the suspension of all flight bookings to the Maldives.
COSCO halts shipments to Israel amid Red Sea disruptions
08 Jan 2024
In a recent development, Chinese shipping giant COSCO has decided to suspend its crucial shipping services to Israel, according to a report by the Israel financial news website, Globes, on Sunday, 7 January 2024.
IndiGo announces removal of fuel charges amid ATF price drop
04 Jan 2024
IndiGo, one of India’s leading airlines, announced on Thursday, 4 January 2024, that it would eliminate fuel charges on all domestic and international flights.
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Akasa Air to close a deal for 150 Boeing 737 MAX planes in an effort to expand its fleet
03 Jan 2024
In a move to capitalize on the surging demand in India’s rapidly growing aviation market, budget carrier Akasa Air is reportedly finalizing an order for approximately 150 Boeing 737 MAX narrow-body planes.
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Denmark's Maersk considers route options following an attack on a vessel
02 Jan 2024
Denmark’s shipping giant, Maersk, is set to decide on Tuesday, 2 January 2024, regarding the navigation of its vessels through the Suez Canal via the Red Sea.
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HFCL wins Rs1,127-cr order for upgrading BSNL’s optical fibre network
02 Jan 2024
Telecom network solutions provider HFCL Ltd has secured orders worth Rs1,127.27 crore from state-run Bharat Sanchar Nigam Ltd (BSNL) for upgrading its optical fibre network for carrying the telecom operator's traffic on a PAN-India basis.
Tesla sets a new delivery record, falling short of Musk's 2 million target
28 Dec 2023
In what is anticipated to be another historic quarter for electric vehicle (EV) giant Tesla, the company’s deliveries are expected to reach unprecedented levels.
Intel to receive a $3.2 billion grant for a $25 billion chip plant in southern Israel
27 Dec 2023
The Israeli government has approved a $3.2 billion grant for Intel’s ambitious plan to construct a $25 billion chip plant in southern Israel.
Japanese auto giants to invest $4.34 billion in Thailand's electric vehicle transition
26 Dec 2023
In a significant development for Thailand’s automotive landscape, major Japanese auto manufacturers are set to inject a substantial sum of 150 billion baht into the country over the next five years.
Hyperloop One ceases operations after failing to secure contracts
22 Dec 2023
In a significant development, Hyperloop One, the high-speed freight transportation company based in Los Angeles, U.S., is set to shut down.
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Go Airlines India faces imminent closure as rescue efforts falter
15 Dec 2023
In a dire turn of events, Go Airlines India Ltd., founded by billionaire Nusli Wadia’s Wadia Group, teeters on the verge of a permanent shutdown.
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Tesla recalls 2 million U.S. vehicles due to Autopilot safety concerns
14 Dec 2023
In response to safety concerns raised by a federal safety regulator, Elon Musk’s Tesla is recalling more than 2 million vehicles in the United States.
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Hindalco to invest Rs 800 crore in Odisha for battery foil unit
12 Dec 2023
Hindalco Industries, a company under the Aditya Birla Group, is to invest Rs 800 crore in expanding its manufacturing capacity of high-quality aluminium foil.
JPMorgan Chase plans to outsource local custody business in Hong Kong and Taiwan
12 Dec 2023
JPMorgan Chase, the world’s third-largest global custodian, is set to outsource the operations of its local custody business in Hong Kong and Taiwan.
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Omidyar Network announces its exit from the Indian market after a decade of operations
12 Dec 2023
In a significant development, impact investment firm Omidyar Network India, operating with a unique dual-chequebook investment model, is set to exit the Indian market after a decade of operations.
Omidyar Network announces its exit from the Indian market after a decade of operations
12 Dec 2023
In a significant development, impact investment firm Omidyar Network India, operating with a unique dual-chequebook investment model, is set to exit the Indian market after a decade of operations.
Omidyar Network announces its exit from the Indian market after a decade of operations
12 Dec 2023
In a significant development, impact investment firm Omidyar Network India, operating with a unique dual-chequebook investment model, is set to exit the Indian market after a decade of operations.
eBay launches a 'seller guide' to boost Indian exporters in international e-commerce
06 Dec 2023
In a strategic move to enhance cross-border e-commerce opportunities for Indian sellers, eBay, the global commercial giant, has introduced its inaugural ‘Seller Guide.’
eBay launches a 'seller guide' to boost Indian exporters in international e-commerce
06 Dec 2023
In a strategic move to enhance cross-border e-commerce opportunities for Indian sellers, eBay, the global commercial giant, has introduced its inaugural ‘Seller Guide.’
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