Ultratech To Invest INR 3,900+ Crores In India Cement
In recent events, India’s largest cement builder, Ultratech, has set a deal with India Cement to buy the shares of its promoters and their associates for INR 3,954 crore. In the deal, Ultratech will buy out a 32.72% stake in India Cements which will add to their initial holding of 22.77%. Further, the company also…
Vipin Kumar
Google Maps Introduces 6 New Features For India Users
Google recently announced major updates to its navigation software, Google Maps, for Indian users. According to Google, this new update will include six new features that will use artificial intelligence and local partnerships to improve navigation capabilities and user experience. This update will be rolled out for the users this week. Major Updates Released By…
ABHYUDAYA MITTAL
Meta’s Game-Changing AI Enhancements – See Them Here!
Meta has significantly upgraded its AI chatbot and expanded its capabilities in the creative editing segment. This new update adds multiple language support to the chatbot, enabling it to respond in Devanagari and Roman script Hindi. It also adds creative features, such as “Imagine me.” As per Meta’s newsroom, the chatbot is available in 22…
Himanshu
Government Expects Rs. 1 Lakh Crore+ This Fiscal Year
Recently, Finance Minister (FM) of India Nirmala Sitharaman presented the budget for this fiscal year, declaring ambitious targets. She also mentioned that the government would honour its decision to privatise PSU (Public Sector Unit); however, the timing has to be decided. “When is the time to disinvest any or several of these companies listed and…
Bhumika
GCC’s Employees More Than 16 Lakh People In FY 24
The recent economic survey of 2024 revealed shocking information regarding employment statistics in India. According to the survey, GCC (Global Capacity Centre) generates more jobs in India than in the IT sector. It employed more than 16 lakh individuals in India in the previous year, 2023. The survey further mentioned that GCCs grew at a…
Abdullah Ansari
Airbus To Start Manufacturing Its Helicopters In India
In recent developments, Airbus has partnered with Tata Advanced Systems (TASL) to start its second manufacturing unit in India. Their first manufacturing unit will develop the C295 transport plane, and the second one will manufacture the H125, each of which will start with the price of INR 30 crores. According to The Economic Times, this…
WazirX Security Crisis: Are Blockchain Systems Failing?
India’s biggest cryptocurrency exchange, WazirX, lost almost half of its reserves overnight. According to WazirX, the cybercriminal group Lazarus orchestrated the attack, which stole nearly $230 million of the investor’s holdings. After this incident, WazirX temporarily halted the Indian rupee (INR) Withdrawals and cryptocurrency transfers while investigating the incident. The company confirmed this through its…
Shipra Prajapati
TVS To Invest 200mn Pounds In Norton Motorcycles
Two- or three-wheeler leading motor company TVS has committed to investing £200 million in the iconic British bikemaker Norton Motorcycles. The investment will fuel areas like new product development, facilities, research and development, and world-class quality engineering. Norton planned to launch six new models in the next three years. This is the right time for…
Utkarsh Bajpai
SBI’s New ‘Amrit Vrishti’ Plan: Is It A Risky Bet?
India’s largest bank, SBI, has launched one of its highest interest rates, bearing FD: Amrit Vishti. According to the bank, the FD will offer an interest rate of 7.25% on deposits for 444 days and is open for domestic and non-resident Indian customers. They added that the interest rate for senior citizens will increase by…
Swiggy’s Major Pre-IPO Development: What’s the Big News?
Swiggy, one of the leading companies in the food and grocery space, has declared one of the biggest ESOP (Employee Stock Option Plan)liquidity programs to date. The company has announced that it will offer ESOP liquidity to more than 2,000 employees across all departments and levels before launching its IPO. This program allows employees to…
