Easy Trip Planners signs letter of intent to join ONDC
EaseMyTrip’s decision to join ONDC underscores its dedication to providing seamless, accessible, and efficient travel services while contributing to the broader goal of democratising digital commerce in India, the company…
Social media platform Koo to shut down, say co-founders
Confirming on LinkidIn, co-founder Mayank Bidawatka wrote, “Our partnership talks fell through and we will be discontinuing our service to the public. We explored partnerships with multiple larger internet companies,…
Consumer goods companies talk up innovation but cut down R&D spends
Many Indian consumer goods companies, including ITC and Maruti Suzuki, have reduced their R&D spending as a percentage of revenue over the past five years. Despite emphasizing innovation in their…
Mid-size companies centre on India to set up GCCs
India’s appeal as a hub for global capability centres is growing, attracting Fortune 500 companies and smaller firms. Mid-sized GCCs with 1,000-2,000 employees are setting up in India, leveraging cost…
Byju’s auditor BDO resigns a year after Deloitte’s exit: a timeline of events
Troubled edtech company Byju’s said in a statement that its auditing firm, MSKA Associates, an affiliate of BDO International, resigned because Byju’s refused to backdate its financial reports. The auditing…
IndiGo plans to expand international reach, enhance cargo operations
IndiGo plans to expand its international destinations to 40 by March 2025 and introduce wide-body aircraft by 2027. The airline will also launch a new business class product and a…
SpiceJet’s Ajay Singh may sell over 10 pc stake in airline to raise funds
Ajay Singh, SpiceJet’s chairman, may offload over 10% of his stake in the airline as part of a funding round closing by September’s end. The budget carrier aims to raise…
India Inc sees 63 pc surge in deal value at $8.7 billion in August: Report
India Inc saw a huge 63 per cent increase in deal value for the month of August at $8.7 billion amid geopolitical challenges, as telecom, energy and EV sectors shined,…
Dixon to make laptops, computers for HP in India at a factory in Tamil Nadu
HP Inc. and Dixon Technologies’ Padget Electronics have signed an MoU to manufacture HP laptops, personal computers, and all-in-one systems in Tamil Nadu. The announcement, made by Union Minister Ashwini…
Gautam Adani’s plan to invest $1.85 billion in Kenya’s largest airport blocked by court
Kenya’s High Court has temporarily paused a government plan to transfer the management of Nairobi’s Jomo Kenyatta International Airport to Adani Group. The 30-year lease proposal has sparked controversy, with…