Author: Vishal Jasani

New Delhi: The Directorate General of Civil Aviation (DGCA) has granted Go First, a financially struggling airline, a period of 30 days to submit a comprehensive restructuring or revival plan. This plan should include details regarding the fleet, pilots, and maintenance plans. Go First ceased operations on May 3 and is currently undergoing voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT). The recent order from the aviation regulator followed the airline’s response to a show cause notice issued by the DGCA on May 8. In their response, Go First requested the utilization of the moratorium period to…

New Delhi: In an effort to address its significant debt burden, the Vedanta group, led by Anil Agarwal, has successfully raised an $850 million fund in collaboration with JPMorgan and Oaktree, as reported by Bloomberg. This fund was secured subsequent to the conglomerate’s acquisition of a five-year loan totaling approximately $850 million. Previously, Vedanta had attempted to sell its zinc assets to Hindustan Zinc Ltd for $3 billion; however, this endeavor proved unsuccessful. The company recently disclosed an 8% decline in its profit during the April quarter, primarily attributed to the downward trajectory of metal prices. As of now, no…

New Delhi: The year 2023 has been marked by a significant increase in job losses among tech employees worldwide, presenting numerous challenges for the industry. Many tech professionals, ranging from employees in established Big Tech companies to those in emerging startups, have experienced layoffs. Major companies such as Meta (formerly Facebook), BT, Vodafone, and others have announced their plans for further reductions in their workforce. According to data from the layoffs tracking site Layoffs.fyi, approximately 198,000 tech employees have been laid off by around 695 tech companies so far this year. This figure represents a substantial rise compared to the…

New Delhi: According to media reports, Tiger Global is currently engaged in discussions to acquire a stake in the Rajasthan Royals, a team in the Indian Premier League (IPL), marking its entry into one of the world’s largest sports leagues. Sources familiar with the matter revealed that Tiger Global is considering an investment of approximately USD 40 million in the Rajasthan Royals, valuing the team at USD 650 million. This move by Tiger Global comes during a period when the technology and startup industry is facing challenges due to concerns about a slowdown and a decline in available funding. A recent…

New Delhi: Deloitte US has expanded its delivery capabilities in India by establishing new offices in Pune, Chennai, and Kolkata to cater to global companies. With over 10,000 professionals expected to operate from these locations in the coming year, Deloitte aims to meet the rising demand for business services exports. The expansion was prompted by the increasing need for skilled professionals in Deloitte’s advisory businesses, including artificial intelligence, data analytics, cybersecurity, cloud computing, human capital, assurance, tax, valuations, and mergers and acquisitions. By leveraging the talent available in India and capitalizing on the growing opportunities in business services exports, Deloitte…

The charging stations will be located an average of 120 km apart and will either be directly on the highway or less than 2 km from interchanges.

One of WhatsApp’s top safety features is the Two-Step Verification feature, which adds an extra layer of security to user accounts.

BluSmart’s founders have also increased their ownership in the company by purchasing Mayfield India’s 2 percent shares.

E-con Systems, founded by Ashok Babu, Maharajan Veerabahu, and Harishankkar Subramanyam, primarily operates as an OEM camera solution provider.

The new platform aims to introduce products across three key segments: healthcare services, financial services and entrepreneur solutions.