Amazon Web Services (AWS) WILL invest Rs 1.05 trillion into cloud infrastructure in India by 2030 as it looks to meet growing customer demand for cloud services in the country.

Amazon's cloud computing unit on Thursday said that the planned investment in data centre infrastructure in India will support an estimated average of 1,31,700 full-time equivalent (FTE) jobs in Indian businesses each year.

Elon Musk announced on Thursday that Twitter is launching a new feature which will help users who work with long-form video content.

He took to the social media network and said that Twitter Blue subscribers will now be able to upload two-hour-long videos. He said, "Twitter Blue Verified subscribers can now upload 2 hour videos (8GB)!"

Swiggy's food delivery business turned profitable in the March quarter of FY23 (Q4 FY23) after considering corporate costs and excluding employee stock options (ESOP), said its CEO in a blog post on Thursday.

Sriharsha Majety wrote about Swiggy's finances days after two US investors marked down their valuation of the company. A fund managed by asset management firm Baron Capital Group slashed the Swiggy’s valuation by 34 per cent to $7.1 billion as of December 2022, according to filings with USA's Securities and Exchange Commission (SEC).

As the government is moving to impose a price ceiling on essential medicines, the pharmaceutical industry is looking for an exemption from ceiling price for all low-priced formulations up to Rs 5 per unit, The Economic Times (ET) reports.

Citing people aware of the developments, the newspaper reported that the industry lobby met government officials to request an exemption from the implementation of trade margin rationalisation (TMR) for formulations that cost less than Rs 10 per unit as well.

A Constitution Bench of the Supreme Court on Thursday upheld the constitutional validity of the amendments made by the state of Tamil Nadu and Karnataka to the central law of the Prevention of Cruelty to Animal Act.

The judge bench comprising Justice KM Joseph, Justice Ajay Rastogi, Justice Aniruddha Bose, Justice Hrishikesh Roy and Justice CT Ravikumar dismissed a batch of petitions challenging the constitutionality of laws permitting Jalikattu, Kambala and bull-cart racing in Tamil Nadu, Karnataka and Maharashtra.

Prime Minister Narendra Modi will launch railway projects worth more than Rs 8,000 crore in Odisha on Thursday and flag off the state's first Vande Bharat Express that will connect Puri to West Bengal's Howrah, officials said.

He will flag off the Puri-Howrah Vande Bharat Express around 1 pm through video-conferencing. It will be the fastest train on the route, covering the 500 km distance in around 6.5 hours, a South Eastern Railway official said in Kolkata.

Shares of Jindal Saw hit a record high of Rs 198.25, as they rallied 13.5 per cent on the BSE in Thursday's intra-day, amid heavy volumes. The company, on Wednesday, reported strong March quarter (Q4FY23) earnings with consolidated net profit more-than-doubling to Rs 294 crore on the back of healthy operational performance. The stock has surpassed its previous high of Rs 179.65, touched on March 10, 2023.

The company, engaged in iron & steel business, had posted profit of Rs 121.84 crore in the year-ago quarter and of Rs 143.23 crore in the previous quarter.

Siddaramaiah will be the next chief minister of Karnataka with DK Shivakumar as his deputy, ending days of uncertainty, sources said.

Congress President Mallikarjun Kharge worked till late night Wednesday to break the political deadlock over the next CM in Karnataka and arrived at a consensus for government formation.

The Supreme Court granted on Wednesday three months' extension till August 14 to the Securities and Exchange Board of India (Sebi) to complete its probe into allegations made by US short seller Hindenburg Research against the Adani Group.

The top court had asked for a report by May 2 and the market regulator later sought a six-month extension.

IKEA India and HDFC Bank have entered a partnership to provide a seamless and cost-effective method for consumers to finance the purchasing of home furnishing goods.

Under this collaboration, IKEA will offer customers an equated monthly instalment (EMI)-based financing option.

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