India Archives - Page 3 of 38 -

30 Dec

Amitabh Bachchan rents 4 commercial units of Mumbai property for ₹2.07 crore per year: Reports

Priyanka Bhowmick0 CommentsEntertainment, IndiaBusiness, Entertainment, India

Bollywood actor Amitabh Bachchan has rented four commercial units measuring around 10,000 square feet in Mumbai's Oshiwara area for an annual rent of Rs 2.07 crore and a security deposit of Rs 1.03 crore. The commercial space has been leased to Warner Music India Limited for five years. According to documents accessed by Propstack.com, the annual rent will increase to Rs 2.38 crore from the fourth year onwards. Bachchan bought four office spaces above in Oshiwara in August 2023. The four units were bought by Bachchan for Rs 7.18 crore each. Along with Bachchan, Kartik Aryan, Manoj Bajpayee and Sarah…

29 Dec

Zomato slapped with INR 401 Crore tax notice

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Food delivery giant Zomato has received a Good and Services Tax (GST) notice on a tax liability of ₹401.7 crore. The Directorate General of GST Intelligence (DGGI) had sent tax notices to Zomato and Swiggy for not paying GST on delivery charges and said that delivery charges fall under the services category and companies are liable to pay 18 percent GST. Zomato responded to a show-cause notice issued by DGGI and said that it is not liable to pay any tax and said, "Delivery charges are collected by the company on behalf of the delivery partners. Further, as per the…

28 Dec

Jio working on Bharat GPT with IIT Bombay

Priyanka Bhowmick0 CommentsBusiness, India, SikkimBusiness, India

Reliance Jio Infocomm, India's largest telecom services provider, is working with the Indian Institute of Technology Bombay to launch 'Bharat GPT', a large language model tailored specifically for India's needs, chairman Akash Ambani said. Speaking at the annual IIT Bombay TechFest, Ambani said the company is "extensively thinking" about launching an operating system for smart televisions. "We are working on a project with IIT Bombay to launch the India GPT program," he said, referring to the partnership between Jio and the premier tech institute that goes back to 2014. Ambani outlined Jio's ambitious AI plans, "aiming to integrate it horizontally…

25 Dec

Apple stops online sales of watches

Priyanka Bhowmick0 CommentsBusinessBusiness, India

As Apple Stores across the US begin closing for the day, Apple Watch Series 9 and Apple Watch Ultra 2 sales are officially in effect. Apple removed its flagship Apple Watches from its online store on Thursday, and now they're also being removed from the Apple Store. When Apple stores reopen after Christmas on December 26, the Apple Watch Ultra 2 and Apple Watch Series 9 will not be available. The ban on Apple Watch sales comes as part of a long-running patent dispute between Apple and medical device company Masimo. ITC ruled in October that the blood oxygen sensors…

16 Dec

Ola’s Bhavish Aggarwal launches Krutrim, India’s own AI

Priyanka Bhowmick0 CommentsBusiness, India, Tech ByteBusiness, India

Ola founder Bhavish Aggarwal on Friday announced a "made for India" ChatGPT equivalent that he said will support 10 Indian languages. Several enterprises in India are working on similar initiatives, partly based on the government's Bhashini Mission which is creating a database of Indian languages that can be used to train AI models.Called Krutrim, Sanskrit for artificial, Aggarwal's AI company will have a distinct identity from Ola's mobility and EV business. Agarwal says the company was incorporated in April as Krutrim SI Design with teams based in Bengaluru and San Francisco.Krutrim will debut in January with a beta version that…

15 Dec

Swiggy user in Mumbai ordered food worth Rs 42 lakh in 2023

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Want to know how much India Swiggy'd this year? Well, food delivery juggernaut Swiggy has just dropped its annual culinary data – the 2023 'Swiggy Wrap' report. And remember, the report isn't your typical snoozefest; It's a delicious journey filled with 'tasty' news about Swiggy's top customers and eye-popping orders. After all, a Mumbai resident stole the spotlight as one of Swiggy's high rollers, spending Rs 42.3 lakh on food throughout the year. pause Yes, you read that right – a small fortune in gastronomic delight! The internet collectively rubbed its eyes in disbelief at this culinary scene, doing a…

14 Dec

Karnataka approves Foxconns additional investment proposal worth Rs 13,911 crore: MB Patil

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Karnataka's State High-Level Clearance Committee (SHLCC), headed by Chief Minister Siddaramaiah, on December 12 approved Foxconn's investment of an additional Rs 13,911 crore. Karnataka's Large and Medium Industries and Infrastructure Development Minister MB Patil said the company was earlier approved to invest Rs 8,000 crore in the state. "SHLCC has approved Foxconn's proposal to invest an additional ₹13,911 crore", he said. Officials said the additional investment has been earmarked for a manufacturing facility within the Information Technology Investment Zone (ITIR) industrial area at Doddallapur in Devanahalli Taluk. In May 2023, Hon Hai Precision Industry (Foxconn) acquired land worth Rs 300…

13 Dec

Manish Malhotra-designed uniforms unveiled for Air India crew

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Air India on December 12 unveiled uniforms for cabin crew and pilots designed by Manish Malhotra. The airline's female cabin crew will wear ombre sarees with a modern touch, while men will wear bandhgalas. For the cockpit crew, the famous couturier designed classic black suits. The new uniforms will be introduced in phases over the next few months, debuting with Air India's entry into service of its first Airbus A350. Ready-to-wear sarees can optionally be worn with comfortable pants. The airline, in a press release, said the move is to give maximum flexibility to female cabin crew to choose the…

12 Dec

Jayesh Sanghrajka is new Infosys CFO as Nilanjan Roy resigns

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Infosys Chief Financial Officer Nilanjan Roy has resigned with effect from March 31, 2024. The IT services major has announced the appointment of Jayesh Sangharajka as the new CFO effective April 1. Roy's resignation comes at a time when Infosys and other tier-I IT services peers including Wipro, HCLTech and TCS are witnessing top-level exits. In a statement, Infosys said Roy, who was appointed to the role in 2018, decided to step down to pursue his personal aspirations outside of Infosys. In the last one and half years, former presidents Ravi Kumar S and Mohit Joshi resigned from the organization.…

11 Dec

Tata to build India’s biggest iPhone factory in Tamil Nadu

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Tata is set to build India's largest Apple iPhone manufacturing plant in Tamil Nadu, creating employment for over 50,000 people. In a move to boost South Asian manufacturing and production of Apple products, Tata is set to build India's largest iPhone assembly plant in Tamil Nadu. The plant will be built in Hosur, news agency Bloomberg reported. The iPhone factory is expected to have more than 20 assembly lines and employ more than 50,000 workers within two years, sources told Bloomberg. The goal is to have the site up and running in 12-18 months. The plant will strengthen Apple's efforts…