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Business news wrap: Google Maps price cut to Air India VRS scheme – Top 5 news
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2 min read | Updated on July 18, 2024, 17:08 IST
SUMMARY
Here's a curated roundup of the top five business news stories of the day.
Google slashing the prices of the Maps platform for developers in India was the major business event of the day, affecting domestic mapping service providers. Air India launching a voluntary retirement scheme (VRS) for its non-flying permanent employees was another major development.
Here are the top five business news stories of July 18:
Google cuts Maps platform pricing by up to 70%
At the Google I/O Connect event in Bengaluru, Google announced that it would reduce the prices of the Google Maps platform for Indian developers effective August 1, 2024. Google Maps will cost up to 70% less than "most APIs" for developers in India. Read more.
Air India launches VRS for non-flying staff ahead of Vistara merger
Air India has introduced a voluntary retirement scheme (VRS) and a voluntary separation scheme for its non-flying permanent employees before the merger with Vistara. Read more.
Vi expands L900 technology in Kolkata
After the acquisition of an additional spectrum in the 900 megahertz (Mhz) band in Kolkata, India's third largest telecom operator, Vodafone Idea (Vi), has announced expansion of L900 technology in 3,000 sites across the city to improve network infrastructure. Read more.
KEC International secures orders worth ₹1,100 crore
KEC International Ltd has secured new orders worth ₹1,100 crore for Transmission and Distribution projects in India, the Middle East, Australia, and the Americas. The company said that it has also bagged an order from Power Grid Corporation of India Limited (PGCIL) to construct a 765 kV transmission line and a 765 kV GIS Substation in India. Read more.
Nazara Technologies receives GST notice worth ₹1,120 crore to subsidiaries
Nazara Technologies subsidiary Openplay Technologies Pvt Ltd received a show cause notice on July 16, 2024, from the Director General of GST Intelligence, Kolkata, for a proposed liability of ₹845.72 crore for the period from 2017-18 to 2022-23. Read more.
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