Troubled Indian mobile service provider Vodafone Idea said on Friday the government had ordered the company to convert into equity all the dues owed to the government for use of airwaves including the interest related to payments for spectrum. The total amount to be converted into equity shares is Rs. 16,133…
India has welcomed the International Monetary Fund (IMF)’s aid in its quest to formulate crypto laws that would work on an international level. The development has been confirmed by Ajay Seth, Secretary of India’s Department of Economic Affairs. India took over the presidency of the G20 group of nations in…
India is among the top three nations contributing active users growth for Facebook as of December 31, 2022, social media major Meta said in a regulatory filing. The company has reported a 4 percent increase in worldwide daily active users (DAUs) to 2 billion on average during December 2022 from…
Hedge-fund billionaire Bill Ackman endorsed Hindenburg Research’s allegations of fraud at Adani Group as “highly credible” on Thursday – and even likened the India-based conglomerate to Herbalife, the supplements seller that he tried and failed to topple after calling it a “pyramid scheme.” “Adani’s response to @HindenburgRes is the same…
Apple wants India to account for up to 25 percent of its production from about 5 percent – 7 percent now, Commerce and Industry Minister Piyush Goyal told a conference on Monday, as the iPhone maker continues to move its manufacturing away from China. “Apple, another success story,” Piyush Goyal…
Amazon.com on Monday launched a dedicated air cargo service in India, Amazon Air, as it looks to expand and speed-up deliveries across one of its key markets amid fast-growing e-commerce sales, an executive said on Monday. The company has invested in Indian cargo carrier Quikjet to exclusively transport packages for…
Information and Broadcasting Secretary Apurva Chandra made a strong pitch for Big tech aggregators to share a part of their revenue with publishers of digital news, who generate original content. In a message sent to the Digital News Publishers Association (DNPA) conference on Friday, Chandra said Australia, Canada, France and…
India vs New Zealand ODI series starts on January 18, with three matches scheduled to be played between the two teams. The series is taking place in India across three venues, with the matches scheduled for January 18, 21, and 24. As with most international cricket matches played in India,…
Citroen India on Friday announced a strategic partnership with Jio-Bp, a fuels and mobility joint venture between Reliance Industries (RIL) and bp, to build electric vehicle infrastructure and services across its network. “Jio-Bp will install DC fast-chargers across Citroen‘s key dealership network and workshops across the country in phases,” Jio-Bp…
Google on Friday hit out at the competition regulator for slapping penalties for alleged abuse of its dominant position, saying the orders strike a blow at the effort to accelerate digital adoption in India and will lead to higher prices. Failing to secure an interim relief on more than Rs….
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