Amazon India has announced plans to shift its Bengaluru headquarters from the World Trade Centre (WTC) to a new facility near Kempegowda International Airport by 2026, as part of a strategic cost-cutting move. This relocation will reduce the company’s real estate expenses significantly, with rental costs dropping by two-thirds compared to the premium rates at Read More…
India’s domestic air travel achieved a significant milestone on November 17, 2024, with 5.05 lakh passengers flying within the country, setting a new single-day record. The surge in air traffic was driven by the festive season and weddings, as airlines operated 3,173 flights, carrying a total of 5,05,412 passengers. The occupancy rate for most major Read More…
The Indian Rupee reached an all-time low, reflecting a downward trend across Asian currencies as markets react to ongoing U.S. election updates. The uncertainty surrounding potential shifts in U.S. fiscal policy and economic strategies has fueled volatility, leading investors to exercise caution. As the dollar strengthens, emerging markets like India feel the impact, with the Read More…
Reliance Industries is gearing up for the Initial Public Offering (IPO) of its telecom subsidiary, Reliance Jio, aiming for a 2025 launch with an estimated valuation surpassing $100 billion, as per recent media reports. Expected to be one of the largest IPOs in Indian market history, this move marks a significant milestone in Reliance’s ongoing Read More…
New Delhi: India recorded its second-highest GST collections in October, reflecting a surge in economic activity. Experts suggest that November’s GST figures, capturing October’s festive transactions, especially in the booming automobile sector, will be key in determining the short-term economic outlook. The October spike is largely due to increased consumer spending during the festive season, Read More…
Hyundai Motor Group Chairman Mr. Euisun Chung met with the Prime Minister to discuss new avenues for collaboration, particularly in green energy and sustainable mobility. The meeting underscored Hyundai’s commitment to bolstering electric vehicle (EV) production and renewable energy solutions, aligning with global efforts to reduce carbon emissions. Mr. Chung emphasized Hyundai’s plans for innovation, Read More…
Reliance Jio has launched two new 4G feature phones, the JioBharat V3 and JioBharat V4, further strengthening its push towards affordable connectivity for all. These models are targeted at users who want basic phone functionalities but with the benefits of 4G connectivity. Key Features: 4G Connectivity: Both phones offer high-speed 4G internet, enabling seamless internet Read More…
The Life Insurance Corporation of India (LIC) has reduced the first-year commission for its agents from 35% to 28%, following a comprehensive revision of the surrender value guidelines. The move aims to align LIC’s agent payouts with the new customer-centric surrender value structure that ensures better benefits for policyholders who choose to terminate their policies Read More…
Ola Electric has been issued a show cause notice by India’s consumer protection authorities after numerous complaints surfaced regarding potential violations of consumer rights. These grievances primarily focus on issues related to the company’s electric scooters, such as product performance not aligning with advertised claims, delivery delays, and subpar after-sales service. Additionally, customers have reported Read More…
In a bold step to solidify its presence in the construction materials sector, the Adani Group is on the verge of acquiring the India unit of HeidelbergCement. This acquisition is part of Adani’s broader strategy to diversify its business interests and gain a stronger foothold in the competitive Indian cement market. HeidelbergCement India, a key Read More…