Business Featured Latest News

India’s September Trade Deficit Widens to Record $22.6 Billion

By uniquetimes October 15, 2021 0

According to government data released on Thursday, India’s merchandise trade imbalance stretched to a record $22.6 billion in September, the largest in at least 14 years, as crude oil and gold imports soared. The Reserve Bank of India is unlikely to be troubled by the rising trade deficit because the trade surplus in services and […]Continue Reading

Auto Business Featured Latest News

Vehicle Sales Drop 41 Percent in September

By uniquetimes October 15, 2021 0

The Society of Indian Automobile Manufacturers, or Siam, reported on Thursday that passenger vehicle sales in September plunged 41% to 1,60,070 units, down from 2,72,027 units in the same month a year ago. High commodity prices and a chip shortage exacerbated automakers’ woes, resulting in lower sales. In the same month last year, the car […]Continue Reading

Auto Business Featured Latest News

Tata Motors invests Rs 7,500 crore in electric vehicle business

By uniquetimes October 13, 2021 0

Tata Motors is making a global investment in the electric vehicle business. US-based TPG Rice Climate and Abu Dhabi-based ADQ will invest Rs 7,500 crore. Tata Motors will transform its electric vehicle business into a separate company. The TPG-ADQ alliance will have an 11% –15% stake in the company. The new company is valued at […]Continue Reading

Business Featured Latest News

Reliance Announced its Master Franchise Agreement with 7-Eleven Inc in India

By uniquetimes October 8, 2021 0

On Thursday, Reliance Retail Ventures Limited (RRVL) announced that it had signed a master franchise deal with 7-Eleven Inc (SEI) to open 7-Eleven convenience stores in India. It further stated that the first 7-Eleven store will open in Andheri East, Mumbai, on Saturday, October 9, 2021. This would be followed by a rapid deployment in […]Continue Reading

Business Featured Latest News

Telecom companies fined Rs 3,050 crore

By uniquetimes October 2, 2021 0

In 2016, Reliance Jio was fined Rs 3,050 crore by Bharti Airtel and Vodafone-Idea (VI) for denying interconnection facilities. Vodafone-Idea owes Rs 2,000 crore and Bharti Airtel Rs 1,050 crore. Within weeks of announcing various reforms to support telecom companies in crisis, the government tightened its grip on fines. Airtel is preparing to approach the […]Continue Reading

Business Featured Latest News

Elon Musk and Jeff Bezos Set to Offer Satellite-Based Internet Access

By uniquetimes October 1, 2021 0

In the high-speed broadband and internet industry, Jeff Bezos and Elon Musk, the world’s two richest businesspeople, are prepared to take on Airtel’s Sunil Mittal and Reliance Jio’s Mukesh Ambani, as they have contacted the Indian government with distinct plans to offer satellite-based internet access. According to sources, Musk’s satellite internet Continue Reading

Business Featured Latest News

By 2022 Accenture to have 3 Lakh Employees in India

By uniquetimes October 1, 2021 0

In the current fiscal year, which ends in August 2022, Accenture’s headcount in India might reach 3 lakh. The achievement will come after more than a year of record-breaking hiring. Given that the corporation now has approximately 30,000 unfilled roles in India, the momentum is expected to continue. TCS and Infosys both employed 40,000 people […]Continue Reading

Business Featured Latest News

Bharti Airtel to Expand Its Optical Network as Part of Its 5G Readiness

By uniquetimes September 23, 2021 0

Tejas Network has been chosen by telco major Bharti Airtel to expand its optical network capacity in important metros. Tejas stated in a statement that its TJ1600 DWDM/OTN equipment will be supplied and installed to extend Airtel’s optical network, support 5G backhaul, provide B2B services, and broadband applications. Airtel will provide a superior experience to […]Continue Reading

Business Featured Latest News

Amazon, Microsoft Swooping in on India’s $24 Billion Data Goldmine on Agriculture

By uniquetimes September 17, 2021 0

Amazon.com, Microsoft, and Cisco Systems are among the technological behemoths lining up to collect data from India’s farmers as part of a government-led productivity drive aimed at modernising the country’s ageing agricultural sector. Prime Minister Narendra Modi’s government, which is attempting to assure food security in the world’s second-most Continue Reading

Business Featured Latest News

Byju’s Expands Abroad with Tynker

By uniquetimes September 17, 2021 0

As India’s most valuable edtech business continues to expand abroad, Byju’s has purchased Tynker, a US-based coding platform, in a stock-and-cash deal. The financial parameters of the deal were not published, but a source close to the situation stated Byju’s was paying $150-$200 million (Rs 1,100-1,470 crore) for Tynker. Tynker will be able to provide Continue Reading