Air India Cuts 180+ Non-Flying Jobs
Tata-owned Air India has shed over 180 non-flying staff in recent weeks, a move aimed at streamlining operations and improving its bottom line. The airline, acquired by the Tata Group in January 2022, has grappled with significant financial losses for years. Voluntary Retirement and Reskilling Initiatives Air India claims the affected employees were unable to […]
Flipkart Valuation Takes Rs 41K Cr Hit in 2 Years
E-commerce giant Flipkart finds itself navigating choppy waters after a recent report by its parent company Walmart revealed a significant decline in its valuation. Over the past two years, Flipkart’s valuation has shrunk from $40 billion at the end of FY 2022 (January 31, 2022) to $35 billion as of January 31, 2024. This translates […]
RailTel Secures ₹130 Cr Bihar Education Project Council Order
RailTel Corporation Limited, a public sector undertaking under the Ministry of Railways, has secured a significant order worth ₹130 crore from the State Project Director (SPD) of the Bihar Education Project Council (BEPC). Project Details This project focuses on the empanelment of an agency for supplying teaching and learning materials for classes 1 to 5 […]
Reliance buys 13% Viacom stake from Paramount for Rs 4,286 Cr
In a move that significantly bolsters its presence within the Indian media industry, Reliance Industries Limited (RIL) has signed a definitive agreement to acquire Paramount Global’s entire 13.01% stake in Viacom18 Media Private Limited for Rs 4,286 crore. This strategic acquisition, announced on March 14, 2024, comes on the heels of Reliance and Viacom18’s recent […]
Tata Power Solar Finishes India’s Biggest Solar-Battery Project
Tata Power Solar, a subsidiary of Tata Power Renewable Energy Limited (TPREL), has solidified its leadership in India’s renewable energy sector by successfully commissioning the country’s largest integrated solar-battery energy storage system (BESS) project. Located in Rajnandgaon, Chhattisgarh, this groundbreaking initiative boasts a mammoth 100 MW solar photovoltaic (PV) plant seamlessly integrated with a colossal […]
Tata Motors’ Rs 9,000 Cr Tamil Nadu Manufacturing Unit
Indian automobile giant Tata Motors floored the accelerator on its South Indian expansion plans, unveiling a groundbreaking Rs 9,000 crore investment for a cutting-edge manufacturing unit in Tamil Nadu.expand_more This strategic maneuver underscores the company’s commitment to fortifying its presence in the southern market, with the project slated for completion within a five-year timeframe.expand_more Industry […]
Alliance Air Launches Bilaspur-Delhi, Kolkata Flights
Alliance Air, a subsidiary of Air India, has announced the commencement of operations on two new routes, connecting Bilaspur to Delhi and Kolkata. This strategic expansion aims to bolster regional connectivity and cater to the increasing demand for domestic travel Bilaspur-Delhi Route The Bilaspur-Delhi route is set to facilitate travel for both business and leisure […]
Adani Group Interested in Mumbai Airport Stake: Report
Adani Group, India’s second-largest airport operator through Adani Airports Holdings (AAHL), has set its sights on acquiring the remaining 26% stake in Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA). Currently, the AAI holds this stake, and AAHL is looking to take complete control of Mumbai International Airport (MIAL), which operates CSMIA. This news comes after […]
Wipro and Nutanix Join Forces for Hybrid Cloud Innovation
Wipro, a leading technology services and consulting company, has expanded its partnership with Nutanix, a leader in hybrid multicloud computing, to launch a new Nutanix-focused business unit. The new business unit will leverage the industry expertise of Wipro FullStride Cloud with Nutanix Cloud Platform to offer joint solutions for enterprises that want to enhance their […]
Govt Rejects Vedanta HZL Demerger Proposal
The government of India has rejected Vedanta’s proposal to demerge its subsidiary Hindustan Zinc Limited (HZL) into three separate entities, citing national security and public interest concerns. The decision comes as a setback for Vedanta, which had announced its plan to demerge its diversified businesses into six listed companies in September 2023, aiming to unlock […]