Business

Tata Motors wins arbitral award of Rs 766 cr plus interest at 11% in Singur plant case
31 Oct

Tata Motors wins arbitral award of Rs 766 cr plus interest at 11% in Singur plant case

Priyanka BhowmickBusiness, India,
Tata Motors shares rose 2% in early trade on Tuesday, before paring some gains, a day after the company was compensated 7.66 billion rupees ($92.00 million) for investment in its Singur plant in West Bengal. A three-member arbitral tribunal said Tata Motors was entitled to recover money from the West Bengal Industrial Development Corporation for investment losses related to automobile facilities, according to an exchange filing. The currently closed Singur plant was initially set up to manufacture Tata Nano cars at an investment of Rs 10 billion. A land dispute forced Tata Motors to shift its manufacturing facility from Singur…
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VinFast Auto starts shopping for land in India for EV plant
30 Oct

VinFast Auto starts shopping for land in India for EV plant

Priyanka BhowmickBusiness, India,
Vietnamese electric vehicle (EV) manufacturer Vinfast Auto is looking for sites to set up a manufacturing facility in India and has reviewed two locations in Tamil Nadu, a report said. The team from Vinfast, which will start manufacturing EVs in 2021, visited sites in the Manalur region north of Chennai and Tuticorin, the state's southernmost district, sources said.The auto company is all set to evaluate plots in Gujarat soon, the report added. “VinFast is interested in Tamil Nadu and Gujarat as it needs a port. Tamil Nadu is an advantageous option for the company due to the state's east-west connectivity,"…
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Daewoo to make comeback in India with electric vehicle
27 Oct

Daewoo to make comeback in India with electric vehicle

Priyanka BhowmickBusiness, India,
Daewoo, a brand famous for selling cars like Matiz and Cielo in India, is gearing up for a grand comeback in the country with a range of power and energy products. However, unlike before, the South Korean brand will focus on the energy, power, electronics and electric vehicle (EV) sectors in its second innings in India. To further its objective, Daewoo has formed a strategic partnership with Kelwan Electronics & Appliances Pvt Ltd based in Gurugram. Initially, Kelwon will sell Daewoo-brand power and energy products for electric vehicles and two-wheelers. It plans to capitalize on the expanding market for electric…
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Google to start making Pixel phones in India soon
20 Oct

Google to start making Pixel phones in India soon

Priyanka BhowmickBusiness, India,
Google announced on Thursday that it plans to start manufacturing Pixel smartphones in India. The search giant will manufacture the Pixel 8 in India and the first units are expected to be available in 2024. The company launched the Pixel 8 earlier this month in India and the global market along with the more premium Pixel 8 Pro model. The handset is powered by a custom Google Tensor G3 chip and a Titan M2 security chip. The phone has a dual rear camera setup and is claimed to offer up to 72 hours of battery life with Extreme Battery Saver…
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WhatsApp to introduce 2 account feature on single device
20 Oct

WhatsApp to introduce 2 account feature on single device

Priyanka BhowmickBusiness, BUSINESS, India, North East,
Numerous corporate offices have adopted WhatsApp for their internal communications, appreciating its convenience and convenience. The challenge of distinguishing between personal and professional conversations has continued for some time. In a recent announcement, Mark Zuckerberg has unveiled a practical solution to this problem. He shared a Facebook post containing a screenshot of WhatsApp's account-switching feature, along with a caption anticipating the upcoming ability to manage two WhatsApp accounts within a single app on one's phone. The caption of the post reads, "Switch between two accounts on WhatsApp. Soon you will be able to have two WhatsApp accounts on one phone…
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Dabur India products causing Cancer, Claim Lawsuits In US
19 Oct

Dabur India products causing Cancer, Claim Lawsuits In US

Priyanka BhowmickBUSINESS, Business, India,
Shares of Dabur Ltd fell sharply on October 19 on heavy volume after the company informed the stock exchange on October 18 of pending litigation against three US subsidiaries. According to the BSE filing, the cases are in the preliminary discovery stage of litigation and allege that a hair-relaxer product contains chemicals that can cause ovarian cancer, uterine cancer and other health problems. Lawsuits have been filed in both federal and state courts in the United States and Canada. Federal cases in the United States are consolidated as multi-district litigation, also called MDL. Dabur's subsidiaries Namaste, Dermoviva, and DINTL have…
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X to charge $1-a-year from new users for basic features in hopes to curb bots
18 Oct

X to charge $1-a-year from new users for basic features in hopes to curb bots

Priyanka BhowmickBusiness, international,
X, the social network formerly known as Twitter, has begun testing $1-per-year subscription fees for new accounts on the web that want to post or interact with other users, saying this measure can reduce spam, automated bot accounts, and manipulation of its services. The test, called "Not a Bot," has been launched in New Zealand and the Philippines, X said in a blog post on Tuesday. New users who do not pay a fee cannot take certain actions, including writing, liking, replying or bookmarking posts on the site. "This will evaluate a potentially robust measure to help us combat bots…
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Rs 4.25 lakh crore business expected from upcoming 35 lakh weddings: Report
18 Oct

Rs 4.25 lakh crore business expected from upcoming 35 lakh weddings: Report

Priyanka BhowmickBusiness, India,
According to a survey conducted by the research wing of the Confederation of All India Traders (CAIT), the wedding business is expected to register a record this year with around 35 lakh weddings and a turnover of around Rs 4.25 lakh crore, the highest ever. Traders across the country, including Delhi, are gearing up and preparing themselves for the upcoming wedding season, the first spell of which will begin from November 23 to December 15. "In Delhi alone, more than 3.5 lakh weddings are expected to take place this season, which could generate a business of around Rs 1 lakh…
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TCS fires 16 employees involved in bribes-for-jobs scam
17 Oct

TCS fires 16 employees involved in bribes-for-jobs scam

Priyanka BhowmickBusiness, India,
India's largest IT services firm TCS on Sunday said it has sacked 16 employees and banned six vendors in connection with a "recruitment scam"."Our investigation involved 19 employees… 16 employees have been separated from the company for code of conduct violations, and three employees have been removed from the resource management function," the company said in a statement in the evening. It also added that the six vendors, their owners and associates have been "banned" from doing any business with TCS.In late June, reports surfaced of a "recruitment scandal" at the largest software exporter, where vendors tasked with some of…
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Ex-Starbucks employee reveals every drink’s recipe after termination
16 Oct

Ex-Starbucks employee reveals every drink’s recipe after termination

Priyanka BhowmickBusiness, BUSINESS, India,
An ex-employee of the globally famous coffee chain Starbucks has created quite a stir on social media. Why, you ask? Well, the former employee went to X to leak details about the company's extensive menu, causing the post to go viral. He shares detailed recipes for various coffee concoctions that Starbucks is known for. This incident is not an isolated one, as several other employees who were fired from Starbucks also shared the company's menu on TikTok. These revelations have provided coffee enthusiasts worldwide with a deeper understanding of their favorite beverage.The viral thread, which includes everything from cold brew…
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