Radium Team

maruti

With effect from January 2023, Maruti Suzuki plans to raise automobile costs, citing inflation

Maruti Suzuki India, an automaker, announced on Friday that it intends to raise prices on all its models starting in January 2023. It cited cost challenges brought on by inflation and regulatory obligations. The automaker said in an exchange filing, “While the company makes the maximum effort to reduce cost and partially offset the increase,

With effect from January 2023, Maruti Suzuki plans to raise automobile costs, citing inflation Read More »

Essar Group intends to build a Rs 40,000 billion petrochemical facility in Odisha

In a partnership with a major business, Essar Group intends to build a Rs 40,000 crore petrochemical complex in Odisha, the company announced in a statement on Thursday. According to the statement, the oil to the petrochemical complex will have an annual capacity of 7.5 million tonnes. It did not give the identity of the

Essar Group intends to build a Rs 40,000 billion petrochemical facility in Odisha Read More »

Electronics and telecom sectors would create more than 10 million employment over the next two years: Minister Ashwini Vaishnaw

When launching the National Level Start-up Initiative organised by the Software Technology Park of India (STPI) and Electronics and Computer Software Export Promotion Council, Ashwini Vaishnaw, Minister of Railways, Communications, and Electronics and IT, claimed that the electronics and BPO sector could add millions of new jobs (ESC).  He claimed that in the next two

Electronics and telecom sectors would create more than 10 million employment over the next two years: Minister Ashwini Vaishnaw Read More »

Since the maker of the iPhone has threatened to “withhold Twitter,” Elon Musk may “Go to War” with Apple

Elon Musk announced his intention to “Go to War” against Apple. The CEO of Twitter has voiced his discontent with Apple’s 30% levy on software sold through the Apple Store. According to Musk, Apple has threatened to exclude Twitter from its App Store. The software is still accessible on the App Store, though. Elon Musk

Since the maker of the iPhone has threatened to “withhold Twitter,” Elon Musk may “Go to War” with Apple Read More »

Amazon Denies

Amazon denies terminating workers in India; the next Labor Ministry hearing is in two to three weeks

Sources have confirmed that e-commerce and technology giant Amazon has informed the Labour Ministry that all resignations made in accordance with the Voluntary Separation Policy are voluntary and that no employees are being subjected to excessive pressure. The Voluntary Separation Program plan that Amazon had distributed to its Indian employees had become the subject of

Amazon denies terminating workers in India; the next Labor Ministry hearing is in two to three weeks Read More »

Amazon Online Learning

Amazon will close its online learning business in India due to the slowdown in edtech.

Amazon is closing its online learning division, Amazon Academy, in India due to the slump in edtech. The portal, which was introduced in early 2021 during the pandemic-driven edtech boom, operated in the “test prep” market and provided online coaching for entrance examinations like the IIT-JEE and NEET. “Amazon will discontinue Amazon Academy’s operations in

Amazon will close its online learning business in India due to the slowdown in edtech. Read More »

Sukoon Start Up

PE firm Lightrock India invests $15 million in mental healthcare start-up Sukoon

Sukoon Healthcare, a healthcare start-up with offices in Gurgaon, has received a $15 million investment from global private equity company Lightrock India. The money will be used to extend its activities across several locations, offer more specialised services, and build its network by working with other businesses already active in this market. Despite neither party

PE firm Lightrock India invests $15 million in mental healthcare start-up Sukoon Read More »