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Amazon, Microsoft pledge mega AI investments in India
Tech giants Amazon and Microsoft have announced a combined $52.5bn (£39.4bn) investment plan for India over the coming years.
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Shares in India's IndiGo plunge further after threat of regulatory action
Since the onset last week of what has become a trial for many of its customers and a PR nightmare for the company, its stock losses now total 16%.
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Swiggy plans $10,000 cr share sale next week, three banks shortlisted
Indian food deliverer Swiggy Ltd. is preparing to raise as much as ₹10,000 crore ($1.1 billion) from institutional investors as early as next week, according to people familiar with the matter.
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Airtel MD urges users to shift to its Payments Bank amid cyber fraud surge
Amid a rising number of frauds, Airtel Vice-Chairman and Managing Director (MD) Gopal Vittal has recommended users to use Airtel Payments Bank to make online payments instead of their main bank accounts.
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HP planning to lay off 4,000 to 6,000 employees by FY28, boosts AI efforts
The teams expected to be impacted include those focused on product development, internal operations and customer support, chief executive officer Enrique Lores said during a media briefing call.
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Adani group JV firm acquires Trade Castle Tech Park for ₹231 crore
An Adani group joint venture company has acquired infrastructure developer Trade Castle Tech Park, which owns sizeable land parcels, for Rs 231.34 crore.
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India imposes anti-dumping duty on Vietnam steel imports for 5 years
India has imposed a five-year anti-dumping duty on hot-rolled flat products of alloy or non-alloy steel from Vietnam to protect domestic producers from unfairly priced imports.
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India planning to roll out financial incentives to revive dormant airports
India is planning to subsidise airlines for operating flights to dormant airports, according to people familiar with the matter, in a bid to resurrect ghost projects and justify the billions of infrastructure spending it’s poured into them.
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