The move pits Tata, whose interests range from cars to jewellery, against LVMH's Sephora and domestic rival Nykaa for a share of the fast-growing $16 billion beauty and personal care market in the world's second-most populous country.
According to Musk, the same app - Twitter - in the US takes about 2 seconds to refresh, but nearly 20 seconds in India, due to bad batching/verbose comms and also because the actual useful data transferred is low.
Criminal penalties proposed on employees of companies involved in data breaches also will be scrapped in the new draft, which is likely to be released for public consultation this week.
The Jeff Bezos-founded tech major – which operates various businesses in India including ecommerce, data centre under Amazon Web Services, and Prime Video – is expected to let go 10,000 corporate and technology employees, as reported by global media on Monday.
Walmart, in its quarterly earnings call for the September quarter, said its international revenue increased 13% to $26.8 billion in constant-currency terms, primarily driven by double-digit growth in Flipkart and its Mexico business Walmex.
The hospitality industry body alleged that "OYO is responsible for the systemic depredation of the budget segment hotel business and its market as a means to achieve a notional billion-dollar valuation which is a serious cause of concern for the hospitality ecosystem of the country."
The implosion of FTX, once a darling of the crypto industry with a $32 billion valuation as of January, has spurred investigations by the US Justice Department, the Securities and Exchange Commission and Commodity Futures Trading Commission.
