Summary: Amazon plans to cut 14,000 managerial positions by early 2025, reducing its management workforce by 13% to save $2.1–$3.6 billion annually. The move aligns with CEO Andy Jassy’s strategy to simplify decision-making, reduce bureaucracy, and improve efficiency. By increasing the ratio of individual contributors to managers by 15%, Amazon aims to streamline operations and…
Summary: Infosys co-founder N.R. Narayana Murthy, speaking in Mumbai, criticized freebies as an ineffective solution to poverty. He emphasized job creation and entrepreneurship as sustainable ways to uplift the economy. Murthy urged policymakers and businesses to focus on employment generation rather than temporary relief through subsidies for long-term economic stability. Mumbai: Infosys co-founder N.R. Narayana…
Summary: Infosys co-founder Narayana Murthy criticised the overuse of the term AI in India at TiE Con Mumbai 2025, calling it a “fashion trend.” He noted that many ordinary programs are wrongly labeled as AI. Murthy urged companies to focus on genuine AI innovation rather than superficial branding for marketing purposes. Mumbai, March 2025 –…
Summary: Reliance Jio has partnered with SpaceX to offer Starlink’s satellite broadband services in India, subject to SpaceX receiving regulatory approvals. The collaboration aims to expand Jio’s internet offerings, particularly in rural and remote areas, where traditional broadband infrastructure is lacking. Jio plans to retail Starlink solutions through its extensive retail and online channels. This…
Summary: Lloyds Banking Group plans to shift a large part of its IT workforce from the UK to India, hiring up to 4,000 employees in Hyderabad by year-end. This move supports its digital transformation, focusing on roles like cloud computing and engineering. Meanwhile, 6,000 UK IT jobs are at risk due to restructuring, though 1,200…
Summary: Tesla has taken a major step towards its India debut by leasing a 4,003-square-foot showroom in Mumbai’s Bandra Kurla Complex (BKC). The company will pay an annual rent of Rs 3.87 crore, with a record-setting monthly rental of Rs 881 per square foot, surpassing Apple’s previous high. This lease agreement with Univco Properties LLP…
Summary: Reliance Jio is set to revolutionize computing with its AI-powered Cloud PC, a device-agnostic solution that eliminates the need for expensive hardware, allowing users to run compute-intensive AI applications on any screen. Announced by chairman Akash Ambani at Mumbai Tech Week, this cloud-based service aims to make advanced AI accessible and scalable. Additionally, Jio…
Summary: Paytm has partnered with AI startup Perplexity AI to integrate real-time AI-driven search capabilities into its app, enhancing financial literacy and digital interactions for millions of Indian users. The new feature allows users to ask financial questions, explore topics in local languages, and receive trusted responses. Paytm CEO Vijay Shekhar Sharma highlighted AI’s role…
Summary: Zepto Café, the 10-minute food delivery service by quick commerce unicorn Zepto, has reached 1 lakh daily orders. CEO Aadit Palicha announced that the service is nearing a $100 million annualised GMV run rate with a steady-state gross margin of 50%, making it 10% the size of top QSR chains in India. Previously clocking…
