Axicades To Deliver Drone Systems To The Indian Army
Axicades, a prominent player in the C-UAV sector, is all set to supply the Indian Army with a cutting-edge drone system. This significant deal, valued at Rs. 100 crores, will equip the Indian Army with MPCDS ((Man Portable Counter Drone Systems) drone technology for the first time, potentially enhancing their operational capabilities. Axicades developed the…
Himanshu
PM Modi Cabinet 3.0: Complete List Of MinistersÂ
Narendra Modi has become the Prime Minister of India for the third consecutive time, following in the footsteps of former Prime Minister Jawaharlal Nehru. Along with 72 other ministers, he took the oath of office at the Rashtrapati Bhavan on Sunday evening. This time, the NDA Council of Ministers features a mix of senior BJP…
Chandan Kumar
Wipro Seals A Big $500 Million Deal With US Firm
The Indian multinational corporation Wipro recently secured a monumental $500 million five-year contract with a US communication service provider. This is a significant milestone for Wipro, marking the first major deal under its new CEO (Chief Executive Officer), Srini Pallia. Under this contract, Wipro will provide the US firm with maintenance services for selected goods…
Bhumika
Nvidia Surpassed Apple In The Share Market
According to recent reports by Bloomberg, Nvidia became the first computer chip firm to reach a $3 trillion market capitalisation on Wednesday, 5 June 2024. With this, the company surpassed Apple Inc., becoming the world’s second-most valuable company. Nvidia’s stock soared at 5.2% and settled at $1,224.40, pushing the company value to $3.012 trillion. Apple’s…
Rupee Falls Most In Over A Year Amid Election Outcome
The Indian rupee fell on Tuesday, 4 June 2024, after vote counting showed that the Bharatiya Janata Party-led alliance would win a narrower majority than expected. It depreciated 26 paise and came down to 83.40 against the dollar. The Indian currency settled at 83.14 against the dollar on Monday, 3 June 2024. This depreciation greatly…
Vipin
Adani Group Stock Takes A Nosedive On The Election Result Day
Adani Group stocks dropped up to 18% on the election result day, 4 June 2024. After substantial gains in the last few trading sessions, it’s a big shock for the group. This drop appears to be caused by the unwinding of speculative positions, as investors aim to either take profit or reduce exposure. The Adani…
Shipra Prajapati
Major Companies Firing Employees: What You Need To Know
Since the beginning of 2024, major companies have been announcing large-scale layoffs. These layoffs have been caused by economic downturns, company restructuring, mergers, shifts in business strategies, etc. Tata Steel UK Layoffs Tata Steel UK, a subsidiary of Tata Group, is firing around 2,500 employees. The CEO, T V Narendran, said, “The loss of the…
Jio Finance Beta App Launched: All You Need To Know
Jio Financial Services launched a beta version of the Jio Finance app on Wednesday, 29 May 2024. With this app, Jio plans to offer UPI, digital banking, and loans on mutual funds. The app’s key features are instant digital account opening and streamlined bank management with the Jio payments bank account. This app also provides…
ABHYUDAYA MITTAL
Health Claims Must Settle Within 3 Hours, IRDAI Mandates
IRDAI introduced a master circular for health insurance products that has repealed 55 other circulars. With this master circular regulator, IRDAI is poised to improve transparency and the claims experience for policyholders. The master circular implements several regulatory changes regarding health coverage announced by IRDAI last month. These changes include removing the upper age limit,…
Abdullah Ansari
Gaurav Banerjee Appointed as Sony’s New Captain
In a strategic move, Sony has appointed Gaurav Banerjee as its CEO for operations in India, as reported by two sources to Reuters on Tuesday. Banerjee, who previously held an executive position at Disney’s India unit, is set to bring a fresh perspective to Sony’s operations. At Disney, he served as the head of content…
