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India’s Balance Of Payment Likely To Fall Short 

India’s Balance Of Payment Likely To Fall Short 

An internal assessment by the Ministry of Finance indicates that India’s balance of payment is likely to fall short, up to $50 billion in the financial year of 2022-23. The rupee might continue to decline against the US dollar because of foreign exchange outflow, but the Center is confident that it will manage the deficit…

Amit Choudhary Is Appointed As New COO At Wipro Limited

Amit Choudhary Is Appointed As New COO At Wipro Limited

Technology and consulting services Wipro announced the appointment of Amit Choudhary as Chief Operating Officer (COO) and a member of the Executive Board.  In his role, he will manage Global Business Operations, Delivery Excellence,  and Enterprise Risk Management. Choudhary will be responsible for improving organizational and operational efficiency and driving long-term growth for the company,…

Adani Group Would Invest $150 Bn To Generate Green Energy

Adani Group Would Invest $150 Bn To Generate Green Energy

Currently, the Gautam Adani Group is trending as the richest business all over the country. The Adani Group is willing to invest an amount of USD 150 billion all across its businesses. The Adani Group would convert a wide range of their business to work on green energy, such as using renewable resources in data…

Elon Musk Take Control Over Twitter & Fires CEO Parag Agarwal

Elon Musk Take Control Over Twitter & Fires CEO Parag Agarwal

According to the reports shared by the New York Times, Elon Musk allegedly fired Twitter’s CEO Parag Agarwal and other top executives once the deal was completed.  Ned Segal, CFO (Chief Financial Officer) and Vijaya Gadde, Head of Legal, are among the top names that departed from Twitter after Elon Musk finalised his deal for…

Samsung Electronics Appoints New Executive Chairman

Samsung Electronics Appoints New Executive Chairman

Samsung Electronics announced a new executive chairman for the company on Thursday. Jay Y. Lee is the newest face to be crowned as the chairman of the biggest smartphone and memory chip makers in South Korea. This appointment confirms that Samsung is ready to be run by the third generation of its founders.  Jay Lee…

Antonoaldo Neves Will Replace Tony Douglas As Etihad’s CEO

Antonoaldo Neves Will Replace Tony Douglas As Etihad’s CEO

Abu Dhabi-based, UAE’s second-largest airline, Etihad, appoints Antonoaldo Neves as its new CEO. He will replace Tony Douglas, the existing CEO, who has been serving as the CEO of Etihad since 2018. As per rumours, Tony has decided to seize a new opportunity and will take care of Saudi Arabia’s airline startup, RIA.  Antonoaldo has…

MMT-GO And OYO Fined For ‘Unfair Business Practices’ By CCI 

MMT-GO And OYO Fined For ‘Unfair Business Practices’ By CCI 

Leading hospitality service providers OYO and MakeMyTrip-Goibibo (MMT-GO) were fined more than Rs392 crore by CCI (Competition Commission of India) on Wednesday. The penalty is mentioned on page 131 and is explained as “Unfair Business Practice”.   Allegations are that MMT-GO & OYO made an agreement regarding price parity. Under this deal, the hotels were not…

Adani Group Acquires One Of India’s Biggest Aviation Company

Adani Group Acquires One Of India’s Biggest Aviation Company

On Tuesday, the multibillion-dollar Adani Group announced that it would acquire Air Works, one of India’s largest and most diverse aircraft Maintenance, Repair, and Overhaul (MRO) companies, as part of its expanding defence portfolio. Adani Defence Systems and Technologies Ltd (ADSTL) announced the signing of a merger agreement to acquire Air Works, which has one…

Former Infosys President Ravi Kumar S To Join Cognizant

Former Infosys President Ravi Kumar S To Join Cognizant

Ravi Kumar S, a former employee of Infosys, has been appointed President at Cognizant. He will join the firm on January 16, 2023, the company said in a US Security Exchange Commission (SEC) filing.  He resigned from Infosys last week, where he held the position of President for 20 years. In his role as President,…

Garuda Aerospace Locked Drone Deal With Lockheed Martin

Garuda Aerospace Locked Drone Deal With Lockheed Martin

Garuda Aerospace signed a deal with Lockheed Martin Canada CDL Systems for the UAS (Uncrewed Aerial Systems), which Garuda’s drones include. These systems are expected to be effective solutions for defence and commercial purposes.  Under this collaboration, both companies will work closely as part of the agreement to explore possible drone-based service options in a…