Operations

Sony Honda Mobility unveils Afeela EV, drives it with PS5 console

11 Jan 2024

Sony Honda Mobility unveiled the prototype of its Afeela electric vehicle at the Consumer Electronics Show (CES) in Las Vegas on Wednesday, driving the car onto the stage using a Play Station 5 console.

Tata Group unveils plans for two Taj resorts in Lakshadweep, set to open in 2026

09 Jan 2024

In a strategic move, Tata Group’s Indian Hotels Company Limited (IHCL) has announced the development of two Taj-branded resorts in the picturesque Lakshadweep archipelago, poised to open its doors in 2026.

Exxon Mobil struggles with a $2.5 billion California offshore exit

09 Jan 2024

Exxon Mobil is set to write down approximately $2.5 billion related to its troubled California properties, marking a move to cease offshore oil production in the state after five decades.

ONGC starts oil production from deep water KG basin block

09 Jan 2024

State-owned oil and natural gas explorer, Oil and Natural Gas Corporation (ONGC), on Monday (8 January) announced the start of production of "First Oil" from the deep-water block in Krishna Godavari (KG) basin, in the East Coast of India.

Boeing's 737 Max 9 incident raises safety concerns and prompts grounding

08 Jan 2024

An emergency landing of an Alaska Airlines Boeing 737 Max 9 in Portland, Oregon, USA, has prompted the Federal Aviation Administration (FAA) to order inspections, affecting about 171 planes owned by Alaska, United, and other carriers.

EaseMyTrip suspends Maldives flight bookings amid diplomatic tensions

08 Jan 2024

In a bold move showcasing solidarity with India, EaseMyTrip has announced the suspension of all flight bookings to the Maldives.

COSCO halts shipments to Israel amid Red Sea disruptions

08 Jan 2024

In a recent development, Chinese shipping giant COSCO has decided to suspend its crucial shipping services to Israel, according to a report by the Israel financial news website, Globes, on Sunday, 7 January 2024.

IndiGo announces removal of fuel charges amid ATF price drop

04 Jan 2024

IndiGo, one of India’s leading airlines, announced on Thursday, 4 January 2024, that it would eliminate fuel charges on all domestic and international flights.

Akasa Air to close a deal for 150 Boeing 737 MAX planes in an effort to expand its fleet

03 Jan 2024

In a move to capitalize on the surging demand in India’s rapidly growing aviation market, budget carrier Akasa Air is reportedly finalizing an order for approximately 150 Boeing 737 MAX narrow-body planes.

Denmark's Maersk considers route options following an attack on a vessel

02 Jan 2024

Denmark’s shipping giant, Maersk, is set to decide on Tuesday, 2 January 2024, regarding the navigation of its vessels through the Suez Canal via the Red Sea.

HFCL wins Rs1,127-cr order for upgrading BSNL’s optical fibre network

02 Jan 2024

Telecom network solutions provider HFCL Ltd has secured orders worth Rs1,127.27 crore from state-run Bharat Sanchar Nigam Ltd (BSNL) for upgrading its optical fibre network for carrying the telecom operator's traffic on a PAN-India basis.

Tesla sets a new delivery record, falling short of Musk's 2 million target

28 Dec 2023

In what is anticipated to be another historic quarter for electric vehicle (EV) giant Tesla, the company’s deliveries are expected to reach unprecedented levels.

Intel to receive a $3.2 billion grant for a $25 billion chip plant in southern Israel

27 Dec 2023

The Israeli government has approved a $3.2 billion grant for Intel’s ambitious plan to construct a $25 billion chip plant in southern Israel.

Japanese auto giants to invest $4.34 billion in Thailand's electric vehicle transition

26 Dec 2023

In a significant development for Thailand’s automotive landscape, major Japanese auto manufacturers are set to inject a substantial sum of 150 billion baht into the country over the next five years.

Hyperloop One ceases operations after failing to secure contracts

22 Dec 2023

In a significant development, Hyperloop One, the high-speed freight transportation company based in Los Angeles, U.S., is set to shut down.

Go Airlines India faces imminent closure as rescue efforts falter

15 Dec 2023

In a dire turn of events, Go Airlines India Ltd., founded by billionaire Nusli Wadia’s Wadia Group, teeters on the verge of a permanent shutdown.

Tesla recalls 2 million U.S. vehicles due to Autopilot safety concerns

14 Dec 2023

In response to safety concerns raised by a federal safety regulator, Elon Musk’s Tesla is recalling more than 2 million vehicles in the United States.

Hindalco to invest Rs 800 crore in Odisha for battery foil unit

12 Dec 2023

Hindalco Industries, a company under the Aditya Birla Group, is to invest Rs 800 crore in expanding its manufacturing capacity of high-quality aluminium foil.

JPMorgan Chase plans to outsource local custody business in Hong Kong and Taiwan

12 Dec 2023

JPMorgan Chase, the world’s third-largest global custodian, is set to outsource the operations of its local custody business in Hong Kong and Taiwan.

Omidyar Network announces its exit from the Indian market after a decade of operations

12 Dec 2023

In a significant development, impact investment firm Omidyar Network India, operating with a unique dual-chequebook investment model, is set to exit the Indian market after a decade of operations.

Omidyar Network announces its exit from the Indian market after a decade of operations

12 Dec 2023

In a significant development, impact investment firm Omidyar Network India, operating with a unique dual-chequebook investment model, is set to exit the Indian market after a decade of operations.

Omidyar Network announces its exit from the Indian market after a decade of operations

12 Dec 2023

In a significant development, impact investment firm Omidyar Network India, operating with a unique dual-chequebook investment model, is set to exit the Indian market after a decade of operations.

eBay launches a 'seller guide' to boost Indian exporters in international e-commerce

06 Dec 2023

In a strategic move to enhance cross-border e-commerce opportunities for Indian sellers, eBay, the global commercial giant, has introduced its inaugural ‘Seller Guide.’

eBay launches a 'seller guide' to boost Indian exporters in international e-commerce

06 Dec 2023

In a strategic move to enhance cross-border e-commerce opportunities for Indian sellers, eBay, the global commercial giant, has introduced its inaugural ‘Seller Guide.’

Realme achieves 200 million shipments milestone and announces upcoming launch of premium phones

27 Nov 2023

Realme, a Chinese smartphone maker, has confirmed that they have shipped more than 200 million phones since their inception five years ago.