Union Cooperation Minister Amit Shah on Monday launched Bharat Taxi, a cooperative ride-hailing platform that promises drivers a share in profits and ownership of the service. Speaking at a town hall with cab and auto drivers from Delhi-NCR and Gujarat, Shah said the platform would distribute 80% of its profits to drivers based on kilometres…
Saudi Aramco Just Raised $4 Billion And Global Investors Are Rushing In Saudi Arabia’s oil giant, Saudi Aramco, has successfully completed a major $4 billion bond issuance, underscoring strong investor confidence in the company’s financial stability and its strategic capital management approach. The multi-tranche bond sale, a part of Aramco’s Global Medium Term Note Programme,…
Small Retailers Call for a ‘Bharat Taxi’ Revolution to Compete with Giant E-commerce Devdiscourse Source link
Small and medium retailers in India, represented by the Federation of Retailer Association of India (FRAI), are appealing for governmental intervention to level the playing field against dominant e-commerce platforms. The association suggests creating a ‘Bharat Taxi-like’ digital system, enabling local kirana shops to effectively accommodate consumer demands. FRAI highlights the detrimental impact of…
Small Retailers Call for a ‘Bharat Taxi’ Revolution to Compete with Giant E-commerce Devdiscourse Source link
One of the biggest Chinese companies, Hikvision, is taking America’s Federal Communications Commission (FCC) to court. Chinese surveillance equipment manufacturer Hikvision announced that its US subsidiary has filed a legal challenge against a new FCC rule, escalating the ongoing dispute between Washington and Chinese technology companies over national security concerns. Hikvision stated it has filed…
AI chip giant Nvidia on Wednesday reported profit of $31.9 billion and record high $57 billion quarterly revenue, surging beyond the bar set by stock market projections, potentially easing AI bubble fears.Investors closely watched as chipmaker Nvidia released its quarterly earnings amid the backdrop of AI bubble concerns.“Blackwell sales are off the charts, and cloud…