Amazon Food service that was launched to rival Swiggy and Zomato shutting down next month

Amazon India’s food delivery service, Amazon Food, will shut its operations by the end of the year. Launched nearly two years ago to rival Zomato and Swiggy, the delivery service was only available in Bengaluru and select parts of the country. Amazon confirmed the development to the news agency Reuters and said…

SpiceJet demands 15% hike in airfare as jet fuel prices touch all-time high

Citing a rise in the cost of jet fuel and the depreciation of the rupee, SpiceJet has said a minimum of 10-15 per cent hike would be required to ensure that costs of operations are better sustained.” Ajay Singh, Chairman and Managing Director, SpiceJet in a statement said, “The weakening of the Indian rupee…

IBM shuts all operations in Russia, lays off employees

IBM CEO Arvind Krishna through an email informed employees that the company is ending all operations in Russia. The move comes several months after the tech company froze activities in Russia. Additionally, the CEO revealed that IBM has begun laying off employees in Russia. In the letter that Krishna shared with the…