India

31 Aug

Apple plans to stop providing customer support on social media platforms

Priyanka BhowmickBusiness, IndiaBusiness, india

Apple can no longer provide customer support on social media platforms such as X, YouTube and others If you are an Apple user, you can no longer report your issues through social media platforms like X and YouTube. According to MacRumours, Apple is making significant changes to its customer support system with plans to eliminate the role of social media support advisors across platforms such as Twitter, YouTube and the Apple Support Community website. Starting later this year, customers seeking support will no longer have access to direct support from Apple employees on these platforms. Starting October 1, the @AppleSupport…

31 Aug

WhiteHat Jr CEO Ananya Tripathi resigns

Priyanka BhowmickBusiness, IndiaBusiness, india

Whitehat Junior Chief Executive Officer Ananya Tripathi has reportedly decided to exit the BYJU-owned company. However, her resignation has not yet been formally accepted, Moneycontrol said, citing four people familiar with the matter. Tripathi, who is on maternity leave from May 2023, is being persuaded to reconsider her decision, the report added. BYJU'S did not immediately respond to YourStory's request to confirm the report. Her departure would be one of a string of senior-level departures that have left the edtech company in limbo and flux. Pratyusha Aggarwal, BYJU'S CBO; Himanshu Bajaj, Business Head of BYJU's Tuition Centre; and Mukut Deepak,…

30 Aug

FirstCry founder faces probe for $50 million tax evasion

Priyanka BhowmickBusiness, IndiaBusiness, india

India's tax department founders of three Indian unicorns - FirstCry.com, and Globalbees Brands Ltd. are investigating an alleged tax evasion by Xpressbees, according to people familiar with the matter. The department, which runs India's finance ministry, has sent notices to founder Supam Maheshwari asking why he did not pay taxes on more than $50 million in equity transactions conducted in privately held FirstCree, the people said, asking not to be named. Information is not public. At least six investors in FirstCry, including private equity firm CrisCapital Management Co and the family office of Sunil Bharti Mittal, have also received inquiries…

29 Aug

Aditya-L1 Mission to be Launched At 11:50 AM on September 2

Priyanka BhowmickBusiness, IndiaBusiness

Vikram and Pragyan, Chandrayaan-3 lander and rover, continue science on the moon, ISRO has set the launch date for its solar mission - September 2 at 11.50 am.The agency completed the integration of the Aditya-L1 spacecraft – India's first solar observation mission – with its workhorse launch vehicle, PSLV, at Sriharikota. Vikram Sarabhai Space Center Director S Unnikrishnan Nair told TOI that with this, ISRO has entered the final stages of launch preparations. “Launch vehicles and spacecraft are integrated. Now, we are conducting tests after which the PSLV will be moved to the launchpad.” The spacecraft, realized at the UR…

29 Aug

Nitin Gadkari to unveil world’s first ethanol-powered Toyota Innova

Priyanka BhowmickBusiness, IndiaBusiness, india

Union Minister Nitin Gadkari will today launch the world's first BS-VI (Stage-II), electric flex-fuel vehicle in India to use alternative fuels like hydrogen, flex-fuel, biofuel etc. and reduce the country's dependence on traditional fuels sources. The new 100% ethanol-fueled variant of Toyota's Innova will be launched today and will run on 100 percent ethanol. The vehicle will be the world's first BS-VI (Stage-II), electrified flex-fuel vehicle. It would also produce 40 percent of the electricity, making ethanol much cheaper to use. Gadkari launched a hydrogen-powered car in 2022, the Toyota Mirai EV. The vehicle was launched as a pilot project…

28 Aug

Reliance Retail launches youth fashion retail brand ‘Yousta’

Priyanka BhowmickBusiness, IndiaBusiness, india

In January, ET reported that Reliance Retail was planning to launch a value apparel format to directly compete with Tata's Zudio, Landmark Group-owned Max, and Shoppers Stop's new mass-value brand InTune. All products on Yousta are priced below Rs 999, with most priced below Rs 499. Akhilesh Prasad, President and CEO, of Fashion & Lifestyle, Reliance Retail said, “The team will continue to work with India's younger generation to understand their evolving fashion needs." Experts say India's consumption structure has been skewed in the past to a narrow base of affluent consumers who account for a large share of the…

27 Aug

At least 160 flights cancelled at Delhi airport on Sept 8-10 in light of G20 Summit

Business CorrespondentIndia

G20 summit which is scheduled to be held on 9th and 10th of September in New Delhi has led to the cancellation of around 160 domestic flights (80 departing and 80 arriving) from and to Delhi's Indira Gandhi International airport. The airport officials confirmed that the decision was not taken due to limited parking as there are ample space to park flights but traffic restrictions are the reason behind this decision. The international flights will remain unaffected. The decision was taken in the backdrop of high traffic jam in Delhi-NCR. And it will be valid from 8th to 10th of…

26 Aug

IIT Bombay Receives Rs 153 Crore Donation From Anonymous Alumnus

Business CorrespondentIndia

IIT Bombay has accepted a donation of USD 18.6 million made by an alumnus. The amount was offered for the establishment of a Green Energy and Sustainability Research Hub. However, the identity of the alumuns has been keep secret as per his/her choice. The contribution will definitely help the institution to focus on the global climate crisis. The hub will be constructed within a state-of-the-art academic building on the the premises of the institute. The focus will be made on the critical areas such as evaluating climate risks,developing effective mitigation strategies, climate change adaptation, and comprehensive environmental monitoring.

25 Aug

IAF plans to order around 100 more LCA Mark-1A fighter jets

Priyanka BhowmickIndia, Technologyindia

The Indian Air Force (IAF) will place an order for around 100 additional Light Combat Aircraft (LCA) Tejas Mark-1A fighter jets from Hindustan Aeronautics Limited (HAL), senior defense officials told India Today. The decision to buy 100 more Tejas Mark-1A fighters to replace the aging fleet of MiG-21 fighter aircraft is expected to boost the domestic aerospace industry. Officials also added that proposals for the projects have been submitted to the Ministry of Defense and clearance for orders is expected in the near future. 300 Tejas Mark-1A fighter jets are going to be inducted into the Indian Air Force in…

25 Aug

RIL and Oberoi to co-manage three iconic hospitality projects

Priyanka BhowmickBusiness, IndiaBusiness, india

Reliance Industries will co-operate on three hospitality projects with Oberoi Hotels and Resorts (Oberoi), the company announced on Thursday. These include the upcoming Anant Vilas Hotel at Bandra Kurla Complex (BKC) in Mumbai, Stoke Park in the UK, and another planned project in Gujarat. As part of the luxury 'Villas' portfolio managed by Oberoi, Mumbai Anant Vilas is envisioned as the first metro-centric property located in the Bandra Kurla complex which is identified as a bustling business district. The said location is becoming a mixed-use destination with business, hospitality, shopping, F&B, arts and culture, educational and residential uses. "Anant Vilas…