Farewell, Vistara: A New Chapter for Indian Aviation
In a pivotal move decision that reshapes Indian aviation, Vistara Airlines has officially ended its journey as of November 11, 2024. This closure comes as part of the Tata Group’s strategic move to merge Vistara with Air India, creating a unified full-service airline.
Google’s Rs 23,000 Crore Gamble: The AI Talent War and Overspending Debate
In a bold move that has sent ripples through Silicon Valley, Google has spent a staggering Rs 23,000 crore (approximately $2.7 billion) to reacquire Noam Shazeer, a former AI pioneer who left the company in 2021. This acquisition, which includes Shazeer’s startup Character.AI,
Why Snapchat Said No to Facebook’s $3 Billion Offer in 2013
In 2013, Facebook made headlines with its bold attempt to acquire Snapchat for a staggering $3 billion in cash. This move came just two years after Snapchat’s launch, as the app rapidly gained popularity among younger users for its unique disappearing messages and
Deloitte’s Ambitious Revenue Target for India by 2030
Global accounting giant Deloitte has set an ambitious goal to quadruple its revenue from its India operations, aiming to reach $5 billion (approximately ₹40,000 crore) by 2030. This target underscores Deloitte’s commitment to becoming the undisputed leader in the professional services sector in
Microsoft Invests Rs 520 Crore in Pune’s IT Hub with 16.4-Acre Land Acquisition
Microsoft has acquired a 16.4-acre land parcel in Pune’s Hinjewadi area, a major IT hub, for a whopping Rs 520 crore. This acquisition is part of Microsoft’s broader strategy to strengthen its infrastructure and support its growing operations in the country. The Details
Adani Group’s confirms Mega Semiconductor Plant in Maharashtra:
The Adani Group has recently confirmed plans to establish a mega semiconductor plant in Maharashtra, marking a significant milestone in India’s technological advancement. This ambitious project, valued at approximately ₹83,950 crore ($10 billion), is set to be developed in collaboration with Israel’s Tower
Supreme Court Demands Sahara Group to Disclose Executive and Asset Details
The Supreme Court of India has directed the Sahara Group to provide comprehensive details about its current executives, shareholders, and unencumbered properties. This directive aims to facilitate the sale of assets to raise ₹10,000 crore, which will be deposited into the SEBI-Sahara refund
SEBI Bans Anil Ambani: A Detailed Look into the Controversy
On August 23, 2024, the Securities and Exchange Board of India (SEBI) imposed a five-year ban on Anil Ambani, one of India’s most prominent businessmen, from participating in the securities market. This decision came as a result of serious allegations of fund diversion
Zomato’s Strategic Acquisition of Paytm’s Movie and Events Ticketing Business
In a significant move to expand its service offerings, Zomato has announced the acquisition of Paytm’s movie and events ticketing business for ₹2,048 crore. This acquisition marks a strategic shift for Zomato, aiming to diversify its portfolio and strengthen its position in the
Infosys Secures $100 Million Share in $1 Billion Microsoft-Coca Cola Cloud Deal
In a landmark development, Infosys has secured a substantial role in the $1 billion cloud migration deal between tech giant Microsoft and beverage leader Coca-Cola. This partnership is set to bring in over $100 million in revenue for Infosys, underscoring the company’s pivotal
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