Author: Farid Salagame

India defied global trends in 2022 to witness record M&A activity and remains among the fastest growing economies in the world. Despite economic headwinds due to geopolitical factors and a global consumption slowdown, the World Bank revised its 2022-23 GDP forecast for India upwards to 6.9 percent from 6.5 percent (in October 2022). In 2022, India boasted of over 100 start-up unicorns and the third largest start-up ecosystem in the world. The government powered through trade negotiations with leading markets to conclude FTAs with the UAE and Australia. Infrastructure spending too has been robust – with connectivity projects sanctioned and…

Twitter India is reportedly giving up their co-working facilities in India as the company continues looking at options to minimise expenditure amid uncertain macroeconomic conditions. According to Moneycontrol, citing sources, Twitter is in discussions to vacate their co-working seats in Delhi and Mumbai. The company has given up its Bengaluru working facility as well, the report adds. India Today Tech earlier learnt from employees that Twitter had around 250 workers in India, out of which 80 were laid off following Elon Musk’s formal takeover in October 2022. The report also points out that Twitter employees in Mumbai worked out of…