business news

In a significant move signaling its foray into the wide-body segment, budget carrier IndiGo has placed a firm order for 30 Airbus A350-900 aircraft. The announcement, made by Airbus on Monday, underscores IndiGo's strategic expansion plans to cater to India's growing aviation demands.

Tech giant Microsoft Corporation (India) Pvt Ltd has made a significant investment in Hyderabad, acquiring a 48-acre land parcel worth ₹267 crore. The transaction, revealed through documents accessed by Propstack, indicates Microsoft's continued expansion and investment in India's tech infrastructure.

Apple's recent earnings report revealed a positive surprise amidst global market challenges. Despite a drop in iPhone demand in China, the tech giant experienced a notable "double-digit" surge in revenue from India, signaling a potential easing of the company's slowdown.

Air India has announced a reduction in its free check-in baggage allowance from 20kg to 15kg for the lowest economy fare segment on domestic flights. This change comes as part of the menu-based pricing model fare families introduced by the Tata Group-owned airline last August.

In a recent development, Bhavesh Gupta, the Chief Operating Officer (COO) and President of Paytm, has tendered his resignation citing personal reasons. This announcement comes as a significant change in leadership within the fintech giant.

In a move that has significant implications for foreign workers in the United States, tech giants Amazon and Google have announced the suspension of US green card applications for the remainder of 2024. This decision comes amidst a wave of layoffs within the tech industry, including recent cuts by Microsoft, raising concerns about job opportunities for overseas candidates.

Adani Ports and Special Economic Zone (APSEZ), India's leading private port operator, is looking to expand its operations into the Philippines by developing a deep port in Bataan. This move is part of APSEZ's broader investment strategy, which includes ventures into ports, airports, power, and defence sectors.

In a stark indication of ongoing economic challenges, the technology sector witnessed a wave of layoffs in April 2024, with over 20,000 employees losing their jobs across various companies. This surge in job cuts reflects a broader trend of layoffs in the tech industry, with at least 271 companies having let go of 78,572 employees since the beginning of the year, as reported by layoffs.fyi.

A remarkable feat has been achieved by a man from Hyderabad, who has now secured the Guinness World Record for the "Fastest time to type the alphabet backwards." SK Ashraf accomplished this astonishing record by typing the English alphabet in reverse in an incredible 2.88 seconds.

Tesla, led by Elon Musk, has initiated a round of layoffs that includes two senior executives and nearly 500 employees in the Supercharger team, signaling a significant transition within the electric vehicle (EV) maker. Among those impacted is an Indian-origin woman who shared her experience on LinkedIn, describing it as a "significant transition" for herself and her team.