Pune, Maharashtra, May, 2024— The third edition of the Pune Machine Tool Expo (PMTX) and the inaugural Factory Equipment Expo (FACTEQ), held by the Indian Machine Tool Manufacturers’ Association (IMTMA), began on May 25, 2024, at the Pune International Exhibition and Convention Center. These events will culminate on May 28, 2024, bringing together industry leaders,…
Accra, May 2024 — Mukesh Ambani, Asia’s richest man and the chairman of Reliance Industries Ltd., is expanding his telecom empire into Africa with a new venture in Ghana. Next-Gen InfraCo (NGIC) plans to supply 5G broadband services to the region’s fast-growing mobile broadband sector. Radisys Corp., a Reliance company, will play an important role…
Smartphones have become India’s fourth-largest export item, growing by 42% to $15.6 billion in fiscal year 24. This significant rise in the export ranks saw cellphones surpass motor fuel, ushering in a new era in India’s export environment. India began separately recording smartphone export data in April 2022. Since then, the sector has shown excellent…
Mumbai, – Passengers on Air India aircraft AI-179 headed for San Francisco experienced severe delays on Friday due to a technical issue and a passenger being ill. The flight, which was originally scheduled to depart from Mumbai International Airport at 4:00 p.m., will instead leave at 10:30 a.m. on Saturday. The problems began when the…
Mumbai, – In a strategic move, Mukesh Ambani’s Jio Financial Services (JFS) plans to seek shareholder permission for a significant acquisition from Reliance Retail Ltd, Reliance Industries’ retail arm. Jio Leasing Services Limited (JLSL), JFS’ leasing company, intends to enter into the device leasing market by purchasing telecom equipment and devices for Rs 36,000 crore…
A central law enforcement agency responsible for preventing Goods and Services Tax (GST) revenue leakage has issued ICICI Lombard a show cause and demand notice for allegedly evading Rs 1,728.9 crore in taxes over five years, from July 2017 to March 2022. The notice pertains to non-payment of GST on co-insurance premiums accepted as a…
Zudio, Tata Group’s low-cost clothing brand, is making major gains in the Indian retail industry. According to Trent Ltd’s annual report for FY24, Zudio now has 545 outlets in 161 cities, surpassing Westside, another Tata-owned retail brand with 232 stores in 91 cities. This aggressive growth demonstrates Zudio’s growing popularity among Indian consumers. Zudio opened…
In a concerning development, a Tata Consultancy Services (TCS) employee has alleged that they were suspended after reporting a security incident to the company. The employee, who took to Reddit to share their story, claimed that their manager had instructed employees to use personal laptops and share login credentials, which they believe posed a significant…
In a recent development, Air India Express has taken a drastic step by terminating 25 senior cabin crew members following a mass sick leave protest by over a hundred senior cabin crew members. The airline issued termination letters to the protesting employees, accusing them of breaching employment terms and causing disruptions to the airline’s services….
