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Tata Motors completes acquisition of Ford’s Indian plant

Tata Motors has completed the acquisition of Ford India’s manufacturing plant at Sanand through its subsidiary Tata Passenger Electric Mobility Ltd (TPEML). The Sanand plant will enhance Tata Motors’ annual installed production capacity by 300,000 units, which can be further scaled to 420,000 units per annum. ...

Amazon to shut down three UK warehouses

Amazon has confirmed that it is planning to close three U.K. warehouses, where a combined 1,200 people are employed. The company may shut down the sites at Hemel Hempstead, Doncaster and Gourock....

Retail CBDC users likely to hit 50,000 by month-end

The Central Bank Digital Currency (CBDC-R or e₹-R) is accelerating at a rapid pace, with the number of retail users expected to touch 50,000 at the end of this month. The Reserve Bank of India (RBI) launched a pilot project for CBDC-R in December last year....

Nirmala Sitharaman urges Indian diaspora to use Indian brands and services

While addressing the Pravasi Bharatiya Divas Convention, Finance Minister Nirmala Sitharaman has asked members of Indian communities that live overseas to use Indian brands and services as part of their role as the country’s brand ambassadors on foreign soil. ...

U.S. judge rules in favour of Masimo on Apple Watch infringing the former’s patent

Masimo Corp said on Tuesday that according to a U.S. judge ruling, Apple had infringed on one of Masimo’s pulse oximeter patents by importing and selling certain Apple Watches with light-based pulse oximetry functionality and components ...

K Rajaraman asks industry to focus on skilled manpower

DoT Secretary K Rajaraman has urged the telecom industry, sector skill council, states and various stakeholders to make all-out efforts to enhance and deepen the skilling initiatives that will meet the evolving needs of the sector. ...

Govt to provide credit facility for street vendors

Union IT and Telecom Minister Ashwini Vaishnaw said that the government will enhance its focus on providing micro-credit facility in the range of Rs 3,000-5,000 to street vendors in 2023, with the help of digital technologies. ...

Goldman Sachs to start cutting jobs from this week: Report

As it prepares for a tough economic environment, Goldman Sachs Group will start cutting thousands of jobs across the firm from Wednesday. While two sources familiar with the move broke this news, Goldman Sachs declined to comment. ...

DRDO scientists working on ‘rat cyborgs’ for security forces' intelligence surveillance

Defence Research and Development Organisation (DRDO) is developing “rat cyborgs” to help in security forces' recovery operations and intelligence surveillance, according to an official. ...

Apple started hiring for retail stores in India: Reports

As per news report, this year Apple is all set to come up with its own physical stores in India and has started recruiting people for retail stores at "various locations" in the country. ...