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Axis Bank files insolvency petition against Zee Learn

Dec 27, 2023

New Delhi, Dec 26 (IANS) Zee Learn said on Tuesday that a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 has been filed by Axis Bank Ltd to initiate Corporate Insolvency Resolution Process (CIRP) of the company, before the National Company Law Tribunal, Mumbai."In this context, we would like to inform you that the company has…

Carmaker Daihatsu shuts production over safety tests scandal

Dec 27, 2023

London, Dec 26 (IANS) Toyota-owned carmaker Daihatsu has closed all four of its plants until the end of January, after admitting it had falsified safety tests, a media report said. Daihatsu admitted that it had been manipulating safety…

Business

Code.org sues Byju’s subsidiary Whitehat Jr in US over payment dues: Report

Dec 26, 2023

San Francisco, Dec 26 (IANS) US educational non-profit organisation Code.org has reportedly sued Byju’s subsidiary Whitehat Jr in the US over failing to pay its dues. In the lawsuit filed in a California district court, Code.org alleged…

Business

Notorious ransomware groups now targeting companies with remote encryption

Dec 26, 2023

New Delhi, Dec 26 (IANS) Some of the most active ransomware groups are deliberately switching on remote encryption for their cyber attacks, infiltrating deeper into companies and crippling their operations, a report showed on Tuesday. In…

Business

India Inc to seek 3.9 mn jobs in first half of 2024: Report

Dec 26, 2023

Bengaluru, Dec 26 (IANS) Demand for frontline workers continues to remain strong in India at 3.9 mn jobs in H1FY24 despite ongoing macroeconomic headwinds, according to a report on Tuesday.The year-end insights report by SaaS and frontline…

Business

Tata Motors wins UP govt order to supply 1,350 buses

Dec 26, 2023

Mumbai, Dec 26 (IANS) Tata Motors -- India's largest commercial vehicle manufacturer -- announced on Tuesday that it has secured an order from the Uttar Pradesh State Road Transport Corporation (UPSRTC) to supply 1,350 diesel bus chassis.…

Business

IndiGo to start Mumbai-Ayodhya flight from Jan 15

Dec 26, 2023

New Delhi, Dec 26 (IANS) IndiGo on Tuesday announced direct connectivity between Mumbai and Ayodhya, effective January 15. An airline official said that these daily flights will provide travellers direct accessibility to Ayodhya.Earlier,…

Business

Large Indian firms 2.3X more likely than startups to have responsible AI practices

Dec 26, 2023

New Delhi, Dec 26 (IANS) Large enterprises (with annual revenue of more than Rs 250 crore) are 2.3 times more likely than startups and 1.5 times more likely than small and medium enterprises (SMEs) to report matured Responsible AI (RAI)…

Business

ACs, panel TVs witness rise in volumes, phone volume sales down 2%: Report

Dec 26, 2023

New Delhi, Dec 26 (IANS) The year saw stupendous growth in the consumer durables sector in India, with a 9 per cent surge in value for smartphones and a marginal 2 per cent decline in volume, a report showed on Tuesday.The air-conditioner…

Business

Mini Ratna TCIL pays dividend to Centre

Dec 26, 2023

New Delhi, Dec 26 (IANS) Mini Ratna public sector company Telecommunications Consultants India Ltd (TCIL) has paid a dividend of Rs 14.20 crore to the central government for the financial year 2022-23, the ministry of communications said on…

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