Intel to invest $7 billion in chip packaging facility in Malaysia

Intel intends to invest 30 billion ringgit on shoring up its advanced chip packaging capabilities in the island state of Penang, at a time when the United States is advocating domestic production.

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Tata in talks to bring Microsoft aboard digital venture

Wants 1-2 strategic investors before tapping PEs, SWFs for $2.5 b funding

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Grofers founder says quick-commerce model has path to profitability

Grofers to deliver non-grocery in 10 mins too, aims $1 billion annual GMV run-rate by March 2022

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Tata courts Microsoft for digital dream; Grofers pivots to quick commerce

Tata is in talks to bring in Microsoft as an anchor investor for its new digital platform.

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SC seeks response of Centre, Uber, Zomato on plea for social security benefits for unorganised sector workers

Jaisingh said a declaration is sought by the drivers or delivery workers that they are workmen under the schemes of the Unorganised Workers Act and all the social welfare schemes, meant for the workers body. The benefits for workmen of unorganised sectors be made available to them as well, she said. She referred to a judgment of the Supreme Court of the United Kingdom and said the job contracts were analyzed and found that the persons employed with Uber were actually workmen.

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Goodbye Grofers, hello Blinkit; Indian startups’ tax woes

Deliveries in 10 to 20 minutes, unthinkable in India just a few years ago, is now a reality in many cities. For obvious reasons, grocery firms are at the forefront of the so-called “quick commerce” market.

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Grofers rebrands as Blinkit to underscore quick commerce focus

Grofers has rebranded as Blinkit to indicate its focus on the fast-growing quick commerce space in India. The company now claims to be processing a million such orders every week across 12 cities.

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