business news

A committee under the Ministry of Electronics and Information Technology (MeitY) has proposed the establishment of the India Semiconductor Research Centre (ISRC) with an investment of $2.5-3 billion, aimed at bolstering India's position as a global semiconductor supplier. The ISRC will focus on semiconductor processes, advanced packaging, compound semiconductors, and Fabless design, with plans to commence operations in collaboration with industry and academia in 2024.

Social media platform X, formerly Twitter, is gearing up to introduce two new premium subscription tiers, one offering a lower cost with ads and the other providing an ad-free experience, as announced by owner Elon Musk.

: Google has reportedly laid off 40 to 45 workers in its news division, leading to concerns about the impact on the information ecosystem. The Alphabet Workers Union emphasizes its commitment to supporting affected employees.

Google has unveiled 'DigiKavach,' an initiative aimed at preventing financial frauds in India. This program, announced at the annual Google for India event, will use early threat detection and collaboration with industry stakeholders to safeguard users from evolving financial scams.

X, the social media platform formerly known as Twitter, is testing a new subscription model called 'Not A Bot' for basic features, charging users an annual fee of $1. The purpose is to tackle bots and spammers, with fees adjusted based on exchange rates. This test will initially be rolled out in New Zealand and the Philippines.

Tata Consultancy Services (TCS) has discontinued work from home for most of its employees, now requiring them to be in the office five days a week. TCS has also introduced a dress code to create a professional and cohesive work environment, particularly for those who joined during the pandemic.

The Adani Group has alleged that foreign entities, short-sellers, and certain sections of the media, both domestic and international, are launching attacks to undermine the group's market value. They claim these entities are executing a well-coordinated campaign, including strategically timed media reports, and recently cited a Financial Times story as an example.

Prime Minister Narendra Modi engaged in a virtual meeting with Google CEO Sundar Pichai to explore opportunities for expanding electronics manufacturing in India and enhancing the use of AI tools for good governance. Pichai discussed Google's fintech center plans and financial inclusion initiatives in India.

AirAsia CEO Tony Fernandes draws criticism for conducting a management meeting shirtless and receiving a massage, with many deeming it inappropriate for a chief executive of a publicly listed company. The incident has sparked a debate on work culture and self-care practices.

ADIA invests nearly Rs 5,000 crore in Reliance Retail Ventures, elevating the company's valuation to over Rs 8.3 lakh crore. This move impacts the share price of Reliance Industries, with a slight decline observed.