Business

Amazon India and Gentari Partner to Expand EV Delivery Fleet

Amazon India and Gentari Green Mobility India have announced a strategic partnership aimed at significantly boosting Amazon's electric vehicle (EV) fleet for last-mile deliveries. This collaboration aligns with Amazon's goal of scaling up its EV adoption across more than 400...

Bharti Global to Acquire 24.5% Stake in BT Group

Bharti Global, the international investment arm of Bharti Enterprises, is set to acquire a 24.5% stake in the British telecom giant BT Group plc for approximately $4 billion. The shares will be purchased through Bharti Televentures UK Ltd, a wholly...

UPI Merchant Transactions In Nepal Cross 100000 Milestone

NPCI International Payments Limited (NIPL) has achieved a major milestone by surpassing 100,000 cross-border Unified Payments Interface (UPI) Person-to-Merchant (P2M) transactions in Nepal, the NIPL said in a statement. NIPL is an international arm of the National Payments Corporation of...

Boeing Names New CEO Amidst Financial Losses and Scrutiny

Boeing announced Robert “Kelly” Ortberg as its new CEO, effective August 8, replacing David Calhoun. This leadership change comes as the company reports a substantial loss of over $1.4 billion in the second quarter, with significant declines in revenue and...

Pine Labs-owned Setu Launches UPISetu in Partnership with Axis Bank

Setu, a Pine Labs-owned API infrastructure provider, has launched UPISetu in collaboration with Axis Bank. This new platform focuses on Unified Payments Interface (UPI) solutions, catering to businesses and developers with a variety of UPI products and advanced functionalities. Platform...

RBI Shortens Frequency of Credit Reporting to Fortnightly

The Reserve Bank of India (RBI) has announced a significant change in the reporting frequency for credit information from monthly to every 15 days. This update, effective from now, aims to enhance the accuracy and timeliness of credit data available...

Tata Group Unveils ₹27,000 Crore Semiconductor Facility in Assam

The Tata Group has inaugurated a ₹27,000 crore semiconductor assembly and test facility in Assam, aiming to produce 15 billion chips annually. This landmark project, set to be operational by next year, aligns with the Indian government’s semiconductor mission and...

RIL Jumps Up 2 Places In Fortune’s Global 500 List For 2024

Reliance Industries Limited (RIL) has achieved a milestone by advancing two positions in the 2024 Fortune Global 500 list, securing the 86th spot. This marks the highest ranking ever attained by the conglomerate on the list, underscoring its growth and...

Rapido Becomes Unicorn With Fresh $120 Million Funding

In a display of growth, India’s space technology sector has reached new frontiers, securing a record-breaking $126 million in funding for 2023. This represents a 7% increase from 2022 and an impressive 235% jump from 2021, according to the latest Tracxn Space Tech Geo...

ADB Provides $200 Million Loan for Solid Waste Management in India

The Asian Development Bank (ADB) has committed a $200 million (approximately Rs 1,700 crore) loan to improve solid waste management and sanitation in 100 cities across eight states in India. This funding is part of the Swachh Bharat Mission 2.0...