The dating company joins Big Tech firms and Wall Street titans in reducing staff as they strive to cut costs amid concerns of a recession. 

According to the Demystifying Data 2022 report by Deloitte Access Economics, commissioned by Amazon Web Services (AWS), Indian organizations that effectively utilise data they produce, could potentially grow annual business revenue by 13.6 percent. The saving is equivalent to Rs 745.1 crore in additional revenue for large enterprises, it added.

Aerwins, which also sells drones and related technology, says its hoverbike can fly for up to 40 minutes and up to 100 kph (62 mph). It has pitched the bike as a tool for rescue workers, infrastructure inspection and as a showpiece for public entertainment.

The new law, once passed by parliament would regulate mergers and acquisitions.