Zomato Offering Generous ESOP To Its Employees
Popular food delivery brand Zomato has granted nearly 12 million stock options under its employee stock option plan (ESOP). In an official filing, the company stated that 11,997,768 stock options had been secured for the employees under its ESOP 2014 and ESOP 2021 schemes. The stock options are estimated to be worth around Rs. 330…
Vipin Kumar
Adani, Google Join to Power India’s Clean Energy Future
Adani Group and Google collaborated to advance the companies’ joint sustainability objectives and contribute to the growth of clean energy in India. Through the collaboration, Adani will be able to provide clean energy from a brand-new solar-wind hybrid project in Khavda, Gujarat, the site of the largest renewable energy plant in the world. According to…
ABHYUDAYA MITTAL
Anil Ambani To Invest In Solar & Hydropower Projects
The Indian business tycoon and the managing director of Reliance Group, Anil Ambani, has taken a bold move. He has announced a significant investment in Bhutan to plant 1270 megawatts of solar and hydroelectric power projects, which could entail investments of up to $1 billion. Reliance Enterprises has partnered with Bhutan’s Druk Holding and Investments…
Shipra Prajapati
BharatGen: India’s Revolutionary AI Project
India is taking remarkable steps in artificial intelligence (AI) with the launch of BharatGen on Monday, 30 September 2024. The world’s first state-funded generative AI project is focused on Indian languages. Led by IIT Bombay under the National Mission on Interdisciplinary Cyber-Physical Systems, BharatGen aims to democratise AI with open-source models, enabling the creation of…
Bhumika
Viacom18-Disney Merger Approved, Star India Gets Licence
Reliance gets the government’s approval to transfer Viacom18’s non-news and current affairs TV channel licences to Star India as part of their merger. The approval, granted on Friday, September 27, 2024, comes with conditions set by the Competition Commission of India (CCI). This decision follows the CCI’s approval of the merger between Reliance and Disney’s…
Airtel’s AI Tool Detects 110 M+ Spam Calls On Day 1!
Bharti Airtel, the third-largest telecom operator in the world, launched its in-house AI spam call detector to address growing concerns about spam calls and messages. The newly launched AI model scanned over 1 trillion records in real-time and sniffed out 115 million spam calls and 3.6 million spam messages on day one itself. Bharti Airtel’s…
Ranveer Allahbadia’s YouTube Channel Hacked, Videos Deleted
India’s popular podcaster and YouTub content creator Ranveer Allahbadia’s YouTube channels, including Beer Biceps, were hacked last night and renamed Tesla. His Beer Biceps was renamed “@Elon.trump.tesla_live2024,” while his personal channel was changed to “@Tesla.event.trump_2024.” All the interviews and podcasts have been deleted from the YouTube channels, and new videos with older streams from Elon…
Foxconn Bets Big on India with Its New Display Assembly
Foxconn plans to invest $1 billion in Tamil Nadu to set up its new display assembly facility. However, the timeline is not fixed yet; according to the Economic Times, Foxconn wants its facility to be up and running “as soon as possible.” Someone mentioned to Economics Time, “Foxconn has picked up about 500,000 square feet…
The Indian Premier League Reaches a Crucial Crossroads
The Indian Premier League (IPL) is at a strange junction as it deals with a changing media landscape. While a big-money merger between two media organisations offers promise of a brighter future for the T20 cricket competition, it may not be the ideal solution. Media Giants Disney and Reliance Merge Efforts One reason for optimism…
John David
Jai Anmol Ambani To Pay Fine To SEBI For Irregularities
The Securities and Exchange Board of India (SEBI) has fined Anil Ambani’s son, Jai Anmol Ambani, Rs. 1 crore for alleged irregularities in Reliance Home Finance. In the Reliance Home Finance matter, he failed to exercise due diligence while approving general-purpose corporate loans. Gopal Krishnan, the chief risk officer of Reliance Housing Finance, was also…
Abdullah Ansari