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Amazon will join Asus, Lenovo in race to develop foldable display laptops

Amazon will join Asus, Lenovo in race to develop foldable display laptops

Amazon is reportedly preparing to enter the foldable laptop market, joining the ranks of Asus, Lenovo, and Huawei. Reportedly, the maiden foldable laptop from the ecommerce giant will feature an 18-inch display, designed to fold into a form factor similar to that of a 13-inch laptop. Supply chain analyst Ming-Chi Kuo suggests that Amazon’s foldable laptop could make its market debut by late 2026 or early 2027.

JioBlackRock receives Sebi nod, appoints Sid Swaminathan as MD and CEO

JioBlackRock receives Sebi nod, appoints Sid Swaminathan as MD and CEO

JioBlackRock Asset Management Private Limited, a 50:50 joint venture between Jio Financial Services Limited (JFSL) and global investment giant BlackRock, has secured regulatory approval from the Securities and Exchange Board of India (Sebi) to begin operations as an investment manager for mutual fund products in India.

The new asset management company aims to combine JFSL’s digital innovation and local market knowledge with BlackRock’s global investment expertise and advanced risk management technology.

Bengaluru tech workforce crosses 1 mn, ranks among top 12 global hubs: CBRE

Bengaluru tech workforce crosses 1 mn, ranks among top 12 global hubs: CBRE

Bengaluru is among the top 12 global technology hubs with a tech workforce in the IT city crossing the 1 million mark, according to CBRE.

Real estate consultant CBRE has released a report, 'Global Tech Talent Guidebook 2025', which highlights global tech talent dynamics across 115 markets.

Rakesh Gangwal, family trust sell 5.7% stake in IndiGo for Rs 11,385 crore

Rakesh Gangwal, family trust sell 5.7% stake in IndiGo for Rs 11,385 crore

InterGlobe Aviation promoter Rakesh Gangwal and his family trust on Tuesday sold a 5.7 per cent stake in the airline for about Rs 11,385 crore ($1.33 billion) through a block deal, according to sources.

Apart from Gangwal, the Chinkerpoo Family Trust, whose trustees are Shobha Gangwal and JP Morgan Trust Company of Delaware, has also participated in the transaction for divesting its stake in IndiGo, the country's largest airline, the sources said.

India to restore tax refund benefits for exporters from June to boost trade

India to restore tax refund benefits for exporters from June to boost trade

India will restore benefits under a key scheme that reimburses exporters for embedded duties, taxes, and levies not covered by any other government refund programme in an effort to boost export competitiveness, the trade ministry said on Tuesday.

The benefits under the Remission of Duties and Taxes on Exported Products were introduced on January 1, 2021, but ended on February 5 this year.

Mumbai on red alert as IMD predicts heavy rainfall; IndiGo issues advisory

Mumbai on red alert as IMD predicts heavy rainfall; IndiGo issues advisory

Mumbai woke up to drizzle on Tuesday as the southwest monsoon arrived early this year, marking the second consecutive wet morning for the financial capital.

According to India Meteorological Department (IMD), rain is likely to pick up through the day, and a red alert is in place for extremely heavy rainfall at isolated spots.

RBI plans to seek approval for overseas rupee lending to neighbours

RBI plans to seek approval for overseas rupee lending to neighbours

India's central bank is taking another step to internationalise the rupee, seeking approval to allow domestic banks to lend the currency to overseas borrowers for the first time, two sources said.

The Reserve Bank of India (RBI) has asked the federal government to allow domestic banks and their foreign branches to lend Indian rupees to overseas borrowers to enhance the use and acceptability of the local currency in trade.

Shalarth 'scam': Over 500 teachers recruited fraudulently, says SIT

Shalarth 'scam': Over 500 teachers recruited fraudulently, says SIT

The special investigation team (SIT) probing the alleged 'Shalarth ID' scam in Maharashtra has found that more than 500 teachers were recruited without following laid down procedures, a senior official said on Sunday.

Shalarth is a centralised portal of the Maharashtra government to manage payroll and service records of employees at government and government-aided schools, including teachers.

Delhi CM Rekha Gupta warns officials over waterlogging, slum razing

Delhi CM Rekha Gupta warns officials over waterlogging, slum razing

Officials will be taken to task if waterlogging is reported from areas they are responsible for, Delhi Chief Minister Rekha Gupta warned on Monday.

She also asserted that no slums will be demolished in the city unless their residents are provided permanent houses.

Karnataka govt to file defamation case against BJP, issues notification

Karnataka govt to file defamation case against BJP, issues notification

The Congress government in Karnataka has decided to initiate a defamation case against the state BJP for allegedly indulging in false propaganda about its performance.

The government in an official notification issued on Sunday has cited, alleged misinformation, distortion and lies by BJP through its campaign in visual media and print media under the title -- "charge sheet about two years failure of the state government".

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