Amazon India shuts third business
Amazon is ceasing its wholesale distribution operations in India. The website, known as Amazon Distribution, operates for neighborhood stores in Bengaluru, Hubballi, and Mysuru. The company announced in a statement that it would discontinue operations and support affected employees through this transition. After its delivery division Amazon Foods and edtech platform Amazon Academy, this is the third business that Amazon India has shut down in the past week.
The American e-commerce company will keep making investments in markets including groceries, consumer electronics, and smartphones. According to media reports, Amazon plans to let go 10,000 jobs globally. Roles in several areas, such as devices and services, have already been eliminated this month.
Amazon shutting down wholesale distribution in third business exit in India | TechCrunch
500 additional GCCs by 2026: Nasscom
According to IT industry group Nasscom, more than 500 global capability centers (GCCs) will be added to India’s current total of 1,500 GCCs by 2026. The GCCs are the technology and shared services hubs of MNCs in India, and they are expanding quickly as multinational corporations hunt for talent to support their digital transformation. There are 1.3 million individuals employed by India’s 1,500 GCCs. According to the analysis, GCC revenue might increase from $33.8 billion in 2019–20 to $60–85 billion by 2026.
Italian auto component giant Marelli is one of the companies that recently launched GCCs. The has created a technical R&D center in Bengaluru and aims to employ 600 employees in two years.
Over the next 12 to 18 months, Rakuten India, the worldwide product and innovation center for the Japanese e-commerce company Rakuten Group, expects to add over 1,000 individuals, bringing its total staff to over 3,000. The company’s activities in Bengaluru, which are the second-largest outside of Japan, are enhancing its capacity for deep-tech innovation and R&D in fields including e-commerce, fintech, content, entertainment, as well as AI.
Many heads of GCC center think that India is more than just a labor arbitrage opportunity.
ISRO PSLV-C54: In its 56th flight, PSLV successfully launches eight additional nano satellites in addition to an earth observation satellite
On Saturday, the Indian Space Research Organization (ISRO) successfully launched its most recent PSLV-C54/EOS-06 mission from Sriharikota spaceport with Oceansat-3 and eight nano satellites aboard. Earth Observation Satellite (EOS)-6 will be the only principal passenger of the nine spacecraft; the rest will piggyback. According to ISRO Chairman S Somanath, the Earth Observation Satellite was successfully deployed into its planned orbit by PSLV-C54.
After a countdown of 25.30 hours, the 44.4-meter-tall rocket launched from this spaceport at a predetermined time of 11.56 am. News agency PTI quoted that according to Somanath, the Earth Observation Satellite, or Oceansat, successfully split from the rocket and was put into orbit 17 minutes after PSLV-C54 lifted off.
PSLV-C54 successfully places earth observation satellite, 8 nanosatellites in orbit – The Hindu
For the transition to clean energy, India to construct SMR with a 300 MW maximum capacity: Singh
According to Jitendra Singh, the Union Minister of State for Science and Technology, India is moving toward the development of Small Modular Reactors (SMR) with a 300 MW maximum capacity in order to achieve its commitment to the transition to clean energy.
The role of the private sector and startups in the development of this important technology within India needs to be explored, the minister said while speaking at a workshop on SMR conducted by NITI Aayog and the Department of Atomic Energy.
The exploration of new renewable energy sources, according to Singh, is in line with Prime Minister Modi’s plan for a transition to clean energy through audacious climate commitments.
Centre collaborates with think tank to promote the manufacture of EV batteries in India
A platform that will support the development of new electric vehicle (EV) batteries to meet Indian requirements has been developed in partnership by the Center’s Department of Science and Technology (DST) and the environmental think tank Centre for Science and Environment (CSE).
This collaborative venture was recently launched with a round table discussion on regionally relevant EV batteries that are safe, long-lasting, and efficient within the limitations of a hot, humid tropical climate.
According to Moushumi Mohanty, senior program manager, Clean Air and Sustainable Mobility, CSE, this joint initiative aims to establish a platform that will assess, evaluate, and identify technological solutions that are secure, have locally appropriate supply chain systems, and can be tailored for different vehicle applications.
Centre collaborates with think thank to push production of EV batteries in India (moneycontrol.com)