business news

In a major development, film producer Boney Kapoor and developer Ashish Bhutani, winners of the bid to develop the Yeida Film City project, have presented a detailed project report (DPR) to the Yamuna Expressway Industrial Development Authority (Yeida). The ambitious project, set to be built over the next three years, aims to provide comprehensive facilities to the film industry, ranging from accommodation for entire film crews to entertainment zones, a golf course, commercial and shopping areas, and more, all conveniently located under one roof.

Jaipur, India: Prime Minister Narendra Modi and French President Emmanuel Macron engaged in crucial talks on Thursday in Jaipur, aiming to strengthen bilateral ties across defense, security, and business sectors. Macron, who received a red carpet reception in the city, is set to be the chief guest at India's 75th Republic Day celebrations in New Delhi on Friday.

As Delhi's average air quality index (AQI) breached the 400-mark on Wednesday, the Central Pollution Control Board (CPCB) sounded alarms, prompting the Centre to deliberate on invoking Stage 3 of the Graded Response Action Plan (GRAP) to curb the escalating pollution levels in the national capital.

Prime Minister Narendra Modi wrapped up his spiritual pilgrimage to temples with a connection to the Ramayana in southern India, culminating his visit by offering prayers and performing rituals at a Lord Ram shrine near Arichal Munai in Tamil Nadu. This spiritual journey comes just ahead of the consecration of the grand Shri Ram temple in Ayodhya on January 22.

As anticipation builds for the historic 'Pran Pratistha' ceremony at the Ayodhya Ram temple, the iconic 27-storied residence of industrialist Mukesh Ambani, Antilia, has been transformed into a visual spectacle. Lit up with holograms proclaiming 'Jai Shri Ram' in Hindi and adorned with diyas, the opulent landmark building stands as a beacon of celebration.

OpenAI CEO Sam Altman is reportedly in talks to raise billions of dollars to establish a network of Artificial Intelligence (AI) chip factories for semiconductor manufacturing, according to Bloomberg. Altman has engaged in discussions with potential investors, including Abu Dhabi-based G42 and Japan's SoftBank Group. However, the talks are still in the early stages, and a comprehensive list of partners and funders for the venture is yet to be finalized.

In a significant development, Elon Musk's Starlink is on the brink of securing approval from the Indian government to launch its space-based broadband services in the country. Reports suggest that the Department of Telecommunications (DoT) is set to issue a Letter of Intent (LoI) to Starlink, with the approval anticipated in the next few days, potentially by early next week.

In a crucial development for the revival of the cash-strapped Jet Airways, the Supreme Court has issued a directive to the Jalan-Kalrock consortium, the new owners, to deposit ₹150 crore in the State Bank of India's escrow account by January 31. The court emphasized that failure to comply with this deadline would indicate a breach of the terms outlined in the resolution plan for the airline's revival.

IndiGo's CEO, Peter Elbers, has announced plans to conduct a thorough review of the airline's operations to prevent future disruptions, following the chaos passengers faced due to dense fog in northern India. Despite acknowledging challenges arising from the recent weather conditions, Elbers assured that flight operations are expected to return to normalcy by next week.

In a strategic move reflecting its commitment to a dynamic global approach, PepsiCo India has announced a significant leadership transition. Jagrut Kotecha, currently serving as the Chief Commercial Officer of PepsiCo Africa, Middle-East, and South Africa (AMESA), will take on the role of CEO for PepsiCo India. This change comes as part of the company's leadership reshuffling across AMESA, following Ahmed El Sheikh's shift to take on responsibilities for the Middle East branch after his successful seven-year tenure with the India team.