business

Rapido raises $200 million in latest funding, enters Unicorn club

The newly raised funds will be strategically allocated to expand Rapido’s operations across India and scaling its technology platform to enhance service delivery. Rapido plans to grow its operations across all categories, including bike-taxis, three-wheelers and taxi-cabs, officials said.

India signs 4 MoUs with Singapore during PM Modi's visit

48% GST on hybrid cars, 5% on EVs necessary for maintaining push towards green mobility: Amitabh Kant

Vistara to stop independent operations as it merges with Air India starting Nov 12

First underground AC market opens up in Bengaluru

The market modelled after New Delhi’s Palika Bazaar, was inaugurated by Chief Minister Siddaramaiah on Aug 25. The project, which commenced in 2018, is housing local vendors & small businesses in the area.

Ashvini Vaishnav Education post Unified pension scheme

Government introduces Unified Pension Scheme, offering guaranteed pension benefits for central employees

Employees opting for UPS would be eligible for an assured pension of 50 per cent of the average basic pay drawn over the last 12 months before the superannuation for a minimum qualifying service of 25 years.

Tata Consulting Engineers CEO says India to deploy 40-50 small nuclear reactors for net-zero emissions by 2070

The Department of Atomic Energy and Tata Consulting Engineers are redesigning the PHWRs to develop the Bharat Small Modular Reactor.

Air India hit with ₹90 Lakh fine by DGCA for deploying unqualified crew on Mumbai-Riyadh flight

Regulatory actions have been taken after serious safety breach involving improper crew assignment on international flight.

IMF Executive Directors, Krishnamurthy Subramanian

IMF's Executive Director forecasts India’s $55 trillion economy by 2047

Subramanian projects India could grow the economy with an 8% annual growth rate and 5% inflation. Key factors include formalizing the economy and boosting productivity.

General Motors cuts over 1,000 jobs to streamline operations and boost efficiency

General Motors’ recent layoffs, impacting over 1,000 employees, are part of a cost-cutting strategy amid software issues, leadership changes, and program cancellations. This reflects broader tech sector downsizing trends in 2024.