india

14 Dec

Foxconn to invest an additional Rs 13,911 crore in Karnataka

Priyanka BhowmickBUSINESS, IndiaBusiness, india

Karnataka's State High-Level Clearance Committee (SHLCC), headed by Chief Minister Siddaramaiah, on December 12 approved Foxconn's investment of an additional Rs 13,911 crore. Karnataka's Large and Medium Industries and Infrastructure Development Minister MB Patil said the company was earlier approved to invest Rs 8,000 crore in the state. "SHLCC has approved Foxconn's proposal to invest an additional ₹13,911 crore", he said. Officials said the additional investment has been earmarked for a manufacturing facility within the Information Technology Investment Zone (ITIR) industrial area at Doddallapur in Devanahalli Taluk. In May 2023, Hon Hai Precision Industry (Foxconn) acquired land worth Rs 300…

13 Dec

Ibrahim Ali Khan and Khushi Kapoor to pair up for Karan Johar’s new film

Priyanka BhowmickEntertainment, IndiaEntertainment, india

Famous for unleashing new talent, Karan Johar continues his tradition by providing a debut platform for Saif Ali Khan and Amrita Singh's son Ibrahim Ali Khan in the upcoming film Sarzameen. Directed by Boman Irani's son Kayoz Irani, who made his debut with Karan's Student of the Year, the film marks another addition to Karan's list of new faces. Now it looks like Khushi Kapoor, who played Betty Cooper in Zoya Akhtar's The Archies, has signed her next project. Karan Johar is set to cast Khushi Kapoor and Ibrahim Ali Khan in a film directed by his assistant Shauna Gautam.…

12 Dec

Jayesh Sanghrajka is new Infosys CFO as Nilanjan Roy resigns

Priyanka BhowmickBusiness, IndiaBusiness, india

Infosys Chief Financial Officer Nilanjan Roy has resigned with effect from March 31, 2024. The IT services major has announced the appointment of Jayesh Sangharajka as the new CFO effective April 1. Roy's resignation comes at a time when Infosys and other tier-I IT services peers including Wipro, HCLTech and TCS are witnessing top-level exits. In a statement, Infosys said Roy, who was appointed to the role in 2018, decided to step down to pursue his personal aspirations outside of Infosys. In the last one and half years, former presidents Ravi Kumar S and Mohit Joshi resigned from the organization.…

11 Dec

Tata to build India’s biggest iPhone manufacturing plant in Tamil Nadu

Priyanka BhowmickBusiness, IndiaBusiness, india

Tata is set to build India's largest Apple iPhone manufacturing plant in Tamil Nadu, creating employment for over 50,000 people. In a move to boost South Asian manufacturing and production of Apple products, Tata is set to build India's largest iPhone assembly plant in Tamil Nadu. The plant will be built in Hosur, news agency Bloomberg reported. The iPhone factory is expected to have more than 20 assembly lines and employ more than 50,000 workers within two years, sources told Bloomberg. The goal is to have the site up and running in 12-18 months. The plant will strengthen Apple's efforts…

09 Dec

Spotify’s CFO Paul Vogel is leaving the company

Priyanka BhowmickBusiness, IndiaBusiness, india

Spotify's chief financial officer will step down next year, according to the music streaming service, just days after announcing a third round of layoffs for 2023. In a statement announcing CFO Paul Vogel's departure, Spotify CEO Daniel Ek said the two 'came to the conclusion that Spotify was entering a new phase and needed a CFO with a different mix of experience.' Spotify said this week it would cut 17 percent of its global workforce, citing the need to cut costs and become profitable. About 1,500 people will lose their jobs, a spokesman confirmed to the Associated Press (AP). Shortly…

08 Dec

Junior Mehmood dies at 67 after a long battle with stomach cancer

Priyanka BhowmickEntertainment, IndiaEntertainment, india

Veteran actor Jr Mehmood is currently battling stage four cancer. His close friend Salam Kazi recently revealed that the actor was unwell for 2 months. After Johnny Lever met Jr. Mehmood at his Mumbai residence a few days ago, Jr. Mehmood's old friends and veteran actors Jeetendra and Sachin Pilgaonkar also visited his ailing friend on Tuesday at his residence to fulfill his last wishes. Speaking to Hindustan Times about his visit with junior Mehmood, Jitendra said he was there by his bedside but he did not recognize him. "He is in so much pain, he can't open his eyes.…

07 Dec

Kerala doctor dies by suicide over ‘dowry demand’

Priyanka BhowmickCrime, IndiaCrime, india

A 26-year-old doctor committed suicide in Kerala's Thiruvananthapuram, allegedly after her boyfriend refused to marry her as her family could not meet dowry demands. State Health Minister Veena George has ordered an inquiry into the death of Dr Shahana, who was pursuing a post-graduate course at the Department of Surgery, Government Medical College, Thiruvananthapuram. The police have registered a case against the lover under the Abetment to Suicide and Dowry Prevention Act. They recorded the statement of the woman's relatives. According to local media reports, Dr. Shahana lived with her mother and two siblings. His father, who worked in the…

06 Dec

Paytm to bring 10 mn sellers to ONDC by 2025 end: Vijay Shekhar Sharma

Priyanka BhowmickBusiness, IndiaBusiness, india

Vijay Shekhar Sharma, CEO and founder of Paytm parent One97 Communications, said on Monday that the company is considering bringing 10 million merchants by 2025 to the government-backed Open Network for Digital Commerce, adding that the firm has routed around 11.8 million customers from its products from the platform, news agency PTI reported. "Paytm's ecosystem is built around small merchants and our mission is to help small merchants and small businesses be part of the mainstream economy. We have done that through payments. We have paid new customers who want to get new customers. That's where ONDC comes in. We…

05 Dec

Byju’s founder pledges homes worth Rs 100 cr to pay salaries of staff

Priyanka BhowmickBusiness, IndiaBusiness, india

Byju Raveendran, the founder of Indian ed-tech company Byju's, pledged his home and those owned by his family members to raise money to pay his employees, Bloomberg News reported on Monday. The assets include two homes owned by the billionaire founder's family and an under-construction villa in the southern Indian city of Bangalore as collateral for a $12 million loan, the report said, citing people familiar with the matter. The surplus of funds will help pay the 15,000 employees of the troubled company's parent Think and Learn Pvt Ltd, the report added. The company is facing several setbacks, including investors…

04 Dec

Bajaj Chetak Urbane electric scooter launched at 1.15 lakh

Priyanka BhowmickBusiness, IndiaBusiness, india

Bajaj has relaunched the Chetak Urbane electric scooter in India. It now features a few changes compared to the previous version and here is what the updated Bajaj EV now offers. On the design front, the Chetak Urbane looks like the premium trim. It boasts round LED headlights, curvy body panels, a single-piece seat, and a flat floorboard. Chetak e-scooter's retro appeal is intact. However, it also gets a dash of modern features with the new TechPac. It offers urban model features such as heel hold, reverse mode, complete smartphone connectivity package that includes tamper alerts, OTA updates, and more.…