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Summary: Amazon Web Services (AWS) will invest $8.2 billion in Maharashtra by the end of fiscal year 2029-30, Union IT Minister Ashwini Vaishnaw has announced. The investment will enhance AWS’s cloud infrastructure in the AWS Asia-Pacific (Mumbai) Region and introduce advanced technologies like GPUs and cloud management services. Vaishnaw said AWS is optimistic about India’s…
Summary: One97 Communications (OCL), the parent company of Paytm, has received a show cause notice from the Enforcement Directorate (ED) over alleged violations of foreign exchange rules under FEMA, amounting to Rs 611 crore. The notice, dated February 27, highlights non-compliance at OCL (Rs 245 crore), Little Internet (Rs 345 crore), and Nearbuy India (Rs…
Summary: According to EY’s Future of Pay 2025 report, 6 in 10 Indian employers are looking to adopt AI-driven compensation strategies over the next three years. By 2028, companies are expected to move away from manual pay benchmarking and fixed incentives, embracing AI-powered predictive analytics and real-time salary adjustments instead. AI tools will help personalize…
Summary: Zinka Logistics Solutions, the parent company of BlackBuck, has received two tax notices totaling Rs 14.2 crore from the Bengaluru Commercial Taxes Office and the Deputy Commissioner of Income Tax (TDS). BlackBuck, which went public last November, plans to appeal both orders, asserting a strong case on merit. The company remains committed to compliance…
Summary: The State Bank of India (SBI) has set a target to achieve net-zero emissions by 2055, coinciding with its centenary year, as announced by Chairman C.S. Setty at the SBI Green Marathon Season 5 event. The marathon, with over 10,000 participants, promoted environmental sustainability. SBI has been actively supporting green initiatives, including financing renewable…
Summary: Zerodha co-founder Nikhil Kamath sparked an online debate by suggesting that India could benefit economically if people shifted away from home-cooked meals, similar to Singapore and the U.S. In response, celebrity nutritionist Rujuta Diwekar criticized the idea, urging people not to listen to “rich boys” who downplay the value of home-cooked food. She emphasized…
Summary: Entrepreneur and Shark Tank India judge Anupam Mittal has criticized social media platforms like YouTube for enabling provocative content to go viral while avoiding accountability when controversy arises. Referring to the legal scrutiny faced by creators Ranveer Allahbadia and Apoorva Mukhija over India’s Got Latent, Mittal argued that platforms encourage extreme content for engagement…
Summary: Tata Consultancy Services (TCS) is set to implement annual salary hikes in March 2024, effective from April 2025, with increases ranging between 4% and 8%. These hikes are tied to employees’ compliance with the company’s return-to-office (RTO) mandate introduced in early 2024. The IT sector is witnessing a slowdown in salary increments due to…
Summary: Union Minister Jyotiraditya Scindia announced that India is set to lead the development of next-gen 6G technology, reinforcing its global telecom leadership. Speaking at the ET Now Global Business Summit, he praised India’s record-fast 5G rollout, covering 99% of districts and 82% of the population in just 22 months. Scindia also revealed that 6G…
Summary: Deputy Governor of Japan’s Yamanashi Prefecture, Ko Osada, announced that a delegation of 250 Japanese CEOs will visit Uttar Pradesh to explore investment opportunities. During a meeting with Chief Minister Yogi Adityanath, Osada highlighted the state’s strong law and order, good governance, and rapid economic growth as key factors attracting Japanese interest. The visit…