This will contain business news across the world
Bitcoin has soared beyond the $60,000 threshold for the first time in over two years. This surge is fueled by growing optimism over its widening appeal beyond staunch digital-asset enthusiasts. The cryptocurrency’s remarkable ascent, rising over 45% since the beginning of the year, has been buoyed by the successful introduction of US exchange-traded funds (ETFs) … Read more
In December 2023, the Indian telecom landscape witnessed significant shifts. Airtel and Jio experienced substantial gains in subscribers, contrasting with a decline for Vi, according to data from the Telecom Regulatory Authority of India (TRAI). Subscriber Dynamics During the final month of 2023, Airtel and Jio collectively acquired over 5 million subscribers. Reliance Jio led … Read more
In the fast-paced realm of technology, the past few years have witnessed a surge in layoffs across major companies like Google, Amazon, and Meta (formerly Facebook). As this trend persists into 2024, industry leaders grapple with strategic realignments prompted by both external and internal factors. Meta CEO Mark Zuckerberg sheds light on this evolving landscape, … Read more
Cube Highways Trust, under the management of Cube Highways Fund Advisors Pvt. Ltd., has revealed robust financial results for the nine-month period ending December 31, 2023. The announcement includes significant figures regarding total consolidated income, EBITDA, and distribution per unit (DPU) for the third quarter of FY 2023-24. Financial Performance During the nine-month period, Cube … Read more
Ford is set to lay off approximately 3,500 workers in Germany as it ceases production of the once-popular Focus model, transitioning towards selling solely Battery Electric Vehicles (BEVs) in Europe. This move, slated for 2025, marks a significant shift in the automotive industry and signals Ford’s commitment to electric mobility. Transition to BEV Production The … Read more
In a major revelation, FlixBus, a global travel technology leader operating in 42 countries, has officially launched its services in India. Acknowledging India as the world’s second-largest bus market, the company aims to redefine intercity passenger transportation by offering convenient and competitively priced travel options with top-tier safety standards. Extensive Network Across Key Indian States … Read more
ABP Technology and SIPTRUNK, a BCM One subsidiary, announced a strategic partnership to enhance SIP trunking practices. The collaboration seeks to leverage each company’s strengths and dealer networks, creating new avenues for business communication modernization. Expanding Sales Channels Through Cross-Marketing SIPTRUNK, a prominent services platform, actively caters to companies aiming to establish robust SIP trunking … Read more
Pride Hotels Group, a trailblazer in sustainable hospitality, achieved a significant milestone. The unveiling of its inaugural in-house bottling plant took place at the iconic Pride Plaza Hotel Aerocity in New Delhi. Chairman and Founder SP Jain presided over the ceremony. It underscored the group’s commitment to eco-friendly practices in the hospitality sector. Pioneering Initiative … Read more
Recently, IBM, a global technology leader, announced a strategic move. The objective is to enhance its mainframe application and data modernization services. This entails acquiring application modernization capabilities from Advanced, a leading business software provider. The acquisition is designed to bring together a wealth of resources, knowledge, and tools. Consequently, this move solidifies IBM Consulting’s … Read more
Union Minister of State for Micro Small and Medium Enterprises (MSME), Bhanu Pratap Singh Verma, unveiled the Annual Capacity Building Plan (ACBP) for the Ministry of MSME and the Department of Financial Services (DFS) on Wednesday, January 17th, 2024. This strategic initiative aims to bolster the capabilities of the MSME sector, aligning with the Prime … Read more