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Swiggy Lost $ 200 Million Ahead of IPO Plans

Due to its plans to go public, the Indian delivery company Swiggy lost $200 million in the nine months ending in December 2023.

AWS India, EkStep Foundation Join Hands to Create Public Service Delivery through JIC

Amazon Web Services (AWS) India and EkStep Foundation, a Bangalore-based non-profit organization have joined hands to create public service...

Amazon Increases $ 2.75 Billion Investment in Anthropic

Amazon has increased its $2.75 billion investment in Anthropic, a start-up that faces off against Google and OpenAI in the race to develop...

Microsoft Names Pavan Davuluri as its New Windows and Surface Chief

According to reports, Indian-American a technology major, Microsoft named Pavan Davuluri as its new Windows and Surface chief, per an internal...

95% of foreign investors face obstacles to doing business in India - PwC survey

News Daily India reported that among the companies that have faced problems in the Indian market are Motorola, McDonald's, Coca-Cola, Parimatch,...

					    		 				    
										    Ericsson AB to Layoff 1,200 Employees in Sweden to Deal with Decline in Orders
                                            Globally renowned manufacturers of 5G networking equipment, Ericsson AB plans to lay off about 1,200 employees in Sweden as a way of dealing with...
                                        
										    E-Commerce Platforms Experience Record-Breaking Sales During Holi
                                            E-commerce platforms like Flipkart, Swiggy, Blinkit, and Zepto are seeing record-breaking sales during the Holi holiday.														
                                        
										    Government's New Policy to Cheer Eco-Friendly Transport Options, Electric Vehicle Models
                                            Government’s new policy is expected to encourage environmentally friendly transportation options, with the Indian auto industry gearing up to...

Wipro Promotes 25 Employees to Vice President Roles, Six to Senior Vice President Roles

Wipro, an IT services company, has promoted 25 employees to vice...

Fintech Startup Yenmo Earns $ 500,000 in Funding Round

Instant loans against mutual funds are offered by the fintech platform Yenmo, which has raised $500,000 in a seed fundraising round headed by US...

UN General Assembly Unanimously Adopts First Global Resolution on AI

The UN General Assembly unanimously voted for a first global resolution on artificial intelligence to uphold data protection, risk monitoring for...

Supreme Court Put Stay on Govt's Fact-Check Unit Notification

The Supreme Court stayed a government notification that set up a Fact Checking Unit under the Press Information Bureau to identify fake news...

L&T Technology Services Fosters Generative AI Adoption

In order to develop a pool of AI experts, L&T Technology Services (LTTS) has teamed up with American tech company Nvidia to offer generative AI...

Intel Embarks on a $ 100 Billion Investment Plan to Build, Expand Factories Across the US

After receiving $ 19.5 billion from federal grants, Intel is embarking on a $ 100 billion investment plan aiming to build and expand factories...

Microsoft Brings in Google's DeepMind Co-Founder into its Director of Consumer AI Division

To strengthen its position in the artificial intelligence market competition against its rivals, Microsoft has brought in Mustafa Suleyman as the...

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