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BYJU’s clears Rs 2,000 cr dues to VC firm Blackstone in $1 bn Aakash deal

BYJU’s clears Rs 2,000 cr dues to VC firm Blackstone in $1 bn Aakash deal

🕔10:32, 24.Sep 2022

New Delhi, Sep 24 (IANS) Edtech major BYJU’s has finally paid the remaining dues of nearly Rs 1,983 crore (over $245 million) to global VC firm Blackstone in the $1 billion acquisition of Aakash Educational Services. People close to the development

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Flipkart festive sales witness record 1.6 mn users per second

Flipkart festive sales witness record 1.6 mn users per second

🕔10:32, 24.Sep 2022

Bengaluru, Sep 24 (IANS) E-commerce major Flipkart on Friday said that it witnessed highest-ever number of concurrent users with 1.6 million users per second as it kicked off the ninth edition of its ‘Big Billion Days 2022’ festive sales, driven by

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New Microsoft Windows 11 security tool will frustrate password hackers

New Microsoft Windows 11 security tool will frustrate password hackers

🕔16:51, 23.Sep 2022

Microsoft has unveiled a new security feature in Windows 11 that will make it extremely diffficult for hackers to steal user credentials. New Delhi, Sep 23 (IANS) Microsoft has unveiled a new security feature in Windows 11 that will make it

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Reliance Foundation, Observer Research and UN in India to host two events in New York

Reliance Foundation, Observer Research and UN in India to host two events in New York

🕔16:21, 23.Sep 2022

Chennai, Sep 23 (IANS) The Reliance Foundation, the Observer Research Foundation and the United Nations in India are hosting two events on Friday (September 23) in New York. The two events are – a discussion on ‘Women, Tech, and the SDGs:

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Tata Steel to amalgamate seven companies with itself

Tata Steel to amalgamate seven companies with itself

🕔16:20, 23.Sep 2022

Chennai, Sep 23 (IANS) Steel major Tata Steel Ltd will amalgamate seven group companies with itself, the company said. In a regulatory filing, Tata Steel said its Board of Directors at a meeting held on Friday has approved the seven schemes

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RIL expands its value chain to improve capabilities in solar panel manufacturing

RIL expands its value chain to improve capabilities in solar panel manufacturing

🕔14:27, 23.Sep 2022

New Delhi, Sep 23 (IANS) The pieces to develop end-to-end solar panel manufacturing capabilities are all coming together in the Reliance Industries announcement to acquire a stake in solar glass coatings provider, Caelux. RIL announced to acquire a 20 stake in

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With 5 bn Soundbox transactions processed in FY22, Paytm strengthens offline payment’s pioneership

With 5 bn Soundbox transactions processed in FY22, Paytm strengthens offline payment’s pioneership

🕔13:49, 23.Sep 2022

New Delhi, Sep 23 (IANS) The adoption of digital payments in India has skyrocketed over the past few years, and the country is now one of the leading markets in the segment, driven by rapid adoption of online payments. While the

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PepsiCo to set up 4 plants in UP

PepsiCo to set up 4 plants in UP

🕔11:23, 23.Sep 2022

Lucknow, Sep 23 (IANS) The Uttar Pradesh government, through its investment promotion agency Invest UP, has been successful in attracting beverages industrial units in Gorakhpur, Amethi, Prayagraj and Chitrakoot. Varun Beverages Ltd, all India franchisee of PepsiCo, has been allotted land

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Swiggy, Zomato make it to top 10 global online food delivery firms

Swiggy, Zomato make it to top 10 global online food delivery firms

🕔07:52, 23.Sep 2022

New Delhi, Sep 23 (IANS) Homegrown online food delivery platforms Zomato and Swiggy have made it to the list of the world’s ‘Top 10′ e-commerce-based food delivery companies, says a new report. According to the Canada-headquartered global research firm ETC Group,

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RBI cancels licence of Laxmi Co-operative Bank, Solapur

RBI cancels licence of Laxmi Co-operative Bank, Solapur

🕔07:25, 23.Sep 2022

Mumbai, Sep 23 (IANS) The Reserve Bank of India (RBI) on Thursday cancelled the licence of The Laxmi Co-operative Bank Ltd in Maharashtra’s Solapur. Consequently, the bank ceases to carry on banking business, with effect from the close of business on

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Microsoft to launch new Surface series of laptops on Oct 12

Microsoft to launch new Surface series of laptops on Oct 12

🕔18:39, 22.Sep 2022

New Delhi, Sep 22 (IANS) Microsoft has made it official to launch next line-up of Surface laptops on October 12, that are likely to include a new 2-in-1 device called the Surface Pro 9 as well as Surface Laptop 5. The

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Air India and Willis Lease ink agreement for Engine Sale & Leaseback

Air India and Willis Lease ink agreement for Engine Sale & Leaseback

🕔18:30, 22.Sep 2022

New Delhi, Sep 22 (IANS) Air India has signed a definitive sale and lease back agreement with Willis Lease Finance Corporation for 34 CFM56-5B engines installed on its Airbus A320 family fleet. The engines will be covered under Willis Lease’s ConstantThrust

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SpiceJet announces 20% salary hike for pilots from October

SpiceJet announces 20% salary hike for pilots from October

🕔13:36, 22.Sep 2022

New Delhi, Sep 22 (IANS) SpiceJet announced a 20 per cent salary hike for pilots from October onwards. This follows last month’s 6 per cent hike in salaries. Sources said that while the first tranche of Emergency Credit Line Guarantee Scheme

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Samsung inks pact to provide 5G solutions to US firm Comcast

Samsung inks pact to provide 5G solutions to US firm Comcast

🕔13:35, 22.Sep 2022

Seoul, Sep 22 (IANS) Samsung Electronics said on Thursday it will provide 5G solutions to America’s largest cable service provider, Comcast, in its latest deal as one of the world’s biggest 5G network services providers. The partnership to supply 5G Radio

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Apple likely to move 25% iPhone production to India by 2025: JP Morgan

Apple likely to move 25% iPhone production to India by 2025: JP Morgan

🕔10:40, 22.Sep 2022

New Delhi, Sep 22 (IANS) As India doubles down on local manufacturing of technology products, Apple is likely to move 5 per cent of its new iPhone 14 production to India by end of this year, and 25 per cent by

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Defence Ministry signs MoU with Bank of Baroda, HDFC Bank to expand SPARSH initiative

Defence Ministry signs MoU with Bank of Baroda, HDFC Bank to expand SPARSH initiative

🕔19:46, 21.Sep 2022

New Delhi, Sep 21 (IANS) The Defence Accounts Department of Ministry of Defence, signed a Memorandum of Understanding (MoU) on Wednesday with Bank of Baroda and HDFC Bank to take them onboard as Service Centres under the System for Pension Administration

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DGCA extends cap on SpiceJet operating capacity till Oct 29

DGCA extends cap on SpiceJet operating capacity till Oct 29

🕔19:43, 21.Sep 2022

New Delhi, Sep 21 (IANS) India’s aviation regulator, the Directorate General of Civil Aviation (DGCA) on Wednesday extended the cap on SpiceJet’s operating capacity till October 29. In an order, the DGCA observed that the extension has been given on a

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Adani Transmission to become net-zero by 2050

Adani Transmission to become net-zero by 2050

🕔19:41, 21.Sep 2022

Ahmedabad, Sep 21 (IANS) Adani Transmission Ltd (ATL), India’s largest private power distribution company and the transmission arm of the diversified Adani Group, has submitted its Green House Gases (GHG) emission reduction plans, focussing on Science Based Targets initiative (SBTi), an

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Air India Express incurs loss first time in seven years due to Covid

Air India Express incurs loss first time in seven years due to Covid

🕔19:35, 21.Sep 2022

New Delhi, Sep 21 (IANS) Amid the losses that the aviation sector incurred during the Covid pandemic, Air India Express, India’s first budget airline on regional international routes, reported a net loss – for the first time in seven years –

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RIL in driver’s seat in $ 74 bn green hydrogen opportunity

RIL in driver’s seat in $ 74 bn green hydrogen opportunity

🕔19:33, 21.Sep 2022

New Delhi, Sep 21 (IANS) RIL’s green hydrogen foray is part of its Net Carbon Zero target by 2035. Falling renewable cost and scale economics will lower green hydrogen cost. Given the capex intensity, RIL’s strong balance sheet and backward integration

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