Business
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Swiggy acquires retail distribution company Lynk to enter retail market
New Delhi: Online food delivery platform Swiggy on Thursday said it has acquired retail distribution company Lynk Logistics Limited for an undisclosed sum to enter the massive retail market. Lynk will continue…
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Musk explores setting up Tesla supply chain ecosystem in India: Report
New Delhi: After meeting Prime Minister Narendra Modi in the US last month, Elon Musk is reportedly exploring setting up his own supply chain ecosystem in India, thus producing cheaper electric cars…
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Tata Technologies express interest to invest Rs 2,000 crore in Karnataka
Bengaluru: Tata Technologies has come forward to set up three Common Engineering Facilities Centres (CEFCs) in the state by investing Rs. 2,000 crore. Representatives of the leadership team of the company met…
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Indian auto sector sees 92% decline in deal activity amid EV boom
New Delhi: India Inc saw just 16 deals amounting to $98 million in the second quarter (Q2) this year in the auto sector, registering a substantial decline in overall deal activity, with…
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5G, Cloud to help India gaming market reach $8.6 bn by 2027
New Delhi: The gaming market in India, valued at $2.6 billion in FY2022, is projected to rise by 27 per cent annually to reach $8.6 billion by 2027, a new report said…
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Tesla board ‘probed’ Musk’s plan to build lavish glass house for himself
San Francisco: Elon Musk once planned a lavish glass house for himself near Tesla headquarters in Austin, Texas, worth millions of dollars which prompted an internal investigation by the electriccar-maker’s board over…
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CapFort Ventures launches Rs 200 cr India tech fund, to invest in 40 startups
New Delhi: Micro-VC fund CapFort Ventures on Wednesday launched a Rs 200 crore India-focused tech fund that plans to invest in more than 40 startups in the next two years. With a…
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Microsoft turns to UK after win in US over $68.7 bn Activision Blizzard acquisition
San Francisco: After securing a big win in a US court against the Federal Trade Commission (FTC) over its $68.7 billion acquisition of gaming giant Activision Blizzard, Microsoft said it has agreed…
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Global PC shipments fall 16.6% in Q2, Lenovo maintains lead
New Delhi: The global PC shipments saw a 16.6 per cent decline (year-on-year) with 59.7 million units in the second quarter of 2023 as Lenovo maintained its lead with 24 per cent…
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Wipro to invest $1 bn in AI over next 3 years, launches Wipro ai360
New Delhi: Tech major Wipro on Wednesday announced the launch of Wipro ai360, a comprehensive, AI-first innovation ecosystem, along with committing a $1 billion investment in advancing AI capabilities over the next…
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Tata Group likely to produce iPhones in India
Mumbai: Tata Group is close to finalising a deal to acquire a Wistron factory in Karnataka, India, and become 1st Indian brand to make iPhones. According to Business Today, the deal, valued…
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India Inc faces steep decline in deal volumes, values amid economic challenges
New Delhi: Not just startups but India Inc overall saw only 676 deals, amounting to $23 billion in the first half of this year (January-June period), a substantial 78 per cent decline…
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No SFIO probe on edtech giant BYJU’s, say sources
New Delhi: There is no ongoing Serious Frauds Investigation Office (SFIO) investigation against edtech unicorn BYJU’S, according to sources in the Ministry of Corporate Affairs (MCA). The Registrar of Companies (ROC) Bengaluru…