Apple’s Bold $12 Billion Play with Micron & Tata Group
In the latest turn of events, Apple, the world’s most valued mobile manufacturing company, is in talks with Micron, Tata Group and other chip manufacturers to meet the semiconductor requirement for the iPhone being produced in India. According to industry experts, the value of the deal may go as high as $12 billion by 2026….
Vipin Kumar
BSE Declined By 1,181.84 points In Just 5 Days Due To….
Major Indian companies, including the Mukesh Ambani-led Reliance and Tata Group, lost over Rs 94,961 crore in valuation in just five days. Reliance’s market valuation fell by Rs 60,824.68 crore to Rs 19,82,282.42 crore, and TCS’s (Tata Consultancy Services) fell by Rs 34,136.66 crore to Rs 16,12,762.51 crore. However, these two are not the only…
Bhumika
Tech Companies Laid Off Over 27,000 Employees In August
Major tech companies like Cisco, Intel, and others have reduced or are planning to reduce their labour force. So far this year, 422 companies have laid off 136,000 tech professionals, and 27,000 employees lost their jobs in August itself. Intel Cuts 15% Of Its Total Labour Force Yesterday, in its memo, Intel announced that it…
Shipra Prajapati
7% GDP Growth? India’s Economy Defies All Odds
The World Bank upgraded India’s GDP growth forecast by 0.4% to 7% in FY 2025 despite ongoing external economic turbulences, war, and post-pandemic rebound effects. They further mentioned that geopolitical tensions could inflate commodity prices, and resurgent inflation will keep global interest rates high for a long time. The report mentioned, “These risks notwithstanding, medium-term…
Chandan Kumar
Crackdown On Spam Callers: TRAI Blocks 2+ Lakh Numbers
The Telecom Regulatory Authority of India (TRAI), in a major crackdown, blocked over two lakh mobile numbers and blacklisted 50 companies as a strict action against UTMs (Unregistered Telemarketers). According to TRAI, these actions were necessary to curb the growing concerns of spam calls in India and provide some relief to active users. These actions…
Abdullah Ansari
Infosys Sends Offer Letters To The Freshers Of April 2022
Infosys, India’s multinational giant, issued over 1,000 offer letters to April 2022 freshers for the post of system engineer. More than 2000 graduates have been given offer letters for the post of system engineer and digital specialist roles in 2022, but their onboarding has been delayed. However, the company has resumed their onboarding process for…
Sports Experts set to Review the Global Cricket Calendar
The World Cricketers’ Association (WCA) has established a new committee to review the global cricket calendar. Several stakeholders have raised concerns about the fragmented schedule and have demanded a better structure to balance international and domestic cricket. Sports business expert Sanjog Gupta and former chairman of the England and Wales Cricket Board Tom Harrison are…
John David
SM Vaidya Concludes Tenure As Indian Oil Corp Chairman
Recent developments have shown that SM Vaidya stepped down from his position as chairman of Indian Oil Corporation this Saturday upon the completion of his term. Since taking the position of Chairman, Vaidya has led the corporation through a period of tremendous growth with his innovation, operational excellence, and sustainability. During his tenure, the company’s…
ABHYUDAYA MITTAL
Zepto’s $1 Billion Boost: Quick Commerce is Taking Off!
Quick commerce in India continues to rise, with Zepto becoming the fastest-growing startup in the segment. Zepto raised nearly $1 billion in the last two months, with $665 million in June for a valuation of $3.6 billion and $340 million this month for a valuation of $5 billion. According to sources, Zepto was planning to…
CCI Gives Nod to $8.5B RIL-Disney India Merger
Competition Commission of India (CCI) gave a green signal to the merger of RIL and Disney India; according to Reuters, CCI approved the deal with modifications voluntarily submitted by the companies, though no further details were shared. They further mentioned that the companies are willing to give concessions, which include a commitment not to increase…
