Mukesh Ambani’s Diwali Surprise: A Gift To Remember
During the recent Annual General Meeting, India’s prominent businessman Mukesh Ambani announced the gift of bonus shares to Reliance Industries shareholders. According to the announcement, the company will issue one bonus share for every share held. Mukesh Ambani’s announcement will benefit around 3.7 million shareholders and ensure a better Diwali this year. The company’s approval…
Himanshu
Spain PM And Narendra Modi To Inaugurate TASL Plant
Spanish Prime Minister Pedro Sanchez arrived in Vadodara early morning on Monday for a three-day India visit. During this visit, PM Modi and Pedro will hold bilateral talks and inaugurate the Final Assembly Line (FAL) plant of the C295 medium-lift tactical transport aircraft for the Indian Air Force. What makes this visit significant is that…
Abdullah Ansari
Reliance And Nvidia’s Strategic Partnership In India
Chip behemoth Nvidia and Reliance Industries announced a partnership to bring an AI revolution to India. This move could significantly accelerate the country’s artificial intelligence capabilities. The announcement came during a fireside chat between Mukesh Ambani, the Reliance Chairman, and Jensen Huang, the CEO of Nvidia, at the Nvidia AI Summit 2024 held in Mumbai. …
Bhumika
HSBC Appoints Pam Kaur As CFO: What’s Behind This Move?
HSBC Holdings appointed Pam Kaur as its female finance chief, replacing Georges Elhedery, who was assigned this position earlier this year. It also announced the merging of some of its commercial and banking businesses. Under the revamp, the company will restructure its operations into four distinct business lines: Hong Kong, UK, Corporate and institutional banking,…
IMF FY25 Forecast: India Grows At 7% & US At The Helm
The International Monetary Fund (IMF) released its latest World Economic Outlook (WEO) on Tuesday, sharing a positive outlook on India’s growth trajectory. The multinational lender IMF forecasted that India will grow at 7% in the current fiscal year, which will end on March 31, 2025. IMF expects India to grow at 6.5% in FY25-26. IMF…
AI Powers PhonePe To New Heights, Reduces Support Team
PhonePe, one of the leading digital payment platforms, has reduced its staff support by 60%. This comes after incorporating artificial intelligence (AI) within the system. According to the company’s latest annual report, the company has cut its staff by 60% over the last five years, from 1,100 agents to just over 400. During the same…
Shipra Prajapati
LTIMindtree Wins Largest Deal In The History
India’s sixth-largest technology services company, LTIMindtree, has reportedly won its largest deal ever. The company focuses on revolutionising smaller clients and grabbing a higher share of vendor consolidation deals with artificial intelligence (AI), the biggest transforming technology. Now, the company has established a strong presence in the market. “We are now embedding AI into each…
Bengaluru Airport Ties With Sarla Aviation For Air Taxis
Bengaluru International Airport Limited (BIAL) and Sarla Aviation have entered into a partnership to launch electric flying taxis in the city. Sarla Aviation is India’s first electric vertical take-off and landing eVTOL aircraft that aims to open up the third dimension of urban travel. These electric flying taxis are expected to reduce travel time, pollution,…
Ola Electronics Partner With EY To Streamline Business
Bhavish Agarwal has partnered with the consulting firm EY India for Service Transformation. This initiative was taken after the company faced much backlash from customers and challenges in addressing the issues. Ola Electronics is one of the leading two-wheeler companies that aims to build the ‘World’s Largest Electric Vehicle Ecosystem At One Site‘. Sadly, the…
ABHYUDAYA MITTAL
India’s Game Changing Spectrum Decision: What Next?
On Tuesday, the government of India made a milestone decision in the ongoing debate over spectrum allocation. According to the government’s official statement, India will allocate the spectrums for satellite via administrative means, probably setting a price payable on a first-come, first-serve basis rather than the traditional auction route. This news comes hours after Elon…
