business news

In a record-setting online auction hosted by Kerala’s Motor Vehicles Department (MVD), the registration number ‘KL 07 DG 0007’ fetched a staggering ₹45.99 lakh. The iconic number, made famous by the James Bond franchise, was acquired by a private company for their luxury Lamborghini Urus, worth ₹4 crore, registered at the Ernakulam Regional Transport Office (RTO).

In a landmark move to boost its naval capabilities, India has cleared a government-to-government deal with France to procure 26 Rafale Marine (Rafale M) fighter jets for the Indian Navy. The ₹63,000-crore agreement marks the first major fighter jet upgrade for the country's naval forces.

Zomato has reportedly laid off 600 customer support associates within a year of hiring them as the company increasingly integrates artificial intelligence (AI) to streamline operations and cut costs. The move comes amid slowing growth in its core food delivery business and mounting losses in its quick-commerce arm, Blinkit, according to a Moneycontrol report.

Quick-commerce platform Zepto took customers on a nostalgic rollercoaster ride on April Fool’s Day by teasing the return of long-discontinued snacks like Cadbury Bytes, Hippo Chips, and Cheetos Tazo Edition—only to reveal it was all a prank.

Renowned Indian modernist Tyeb Mehta’s 1956 painting Trussed Bull has set a new world record for the late artist, selling for ₹61.8 crore at a SaffronArt auction. The landmark sale, held on Wednesday as part of the auction house’s 25th anniversary celebrations, comes in Mehta’s birth centenary year.

Dhruv Agarwala, the CEO of REA India, has announced his resignation to embark on a new entrepreneurial journey after 14 years with the company. REA India, a subsidiary of Australia's REA Group, owns leading real estate platforms Housing.com, Makaan.com, and brokerage firm PropTiger.

New Delhi: Air India has received the first of its legacy Boeing 777-300ER aircraft after undergoing a heavy refresh, with the refurbishment of the remaining 12 planes expected to be completed by the end of the year, officials said on Wednesday.

The Central government has appointed Poonam Gupta, the current Director General of the National Council of Applied Economic Research (NCAER), as the Deputy Governor of the Reserve Bank of India (RBI). She replaces MD Patra, who demitted office in January.

Elon Musk-led X, formerly known as Twitter, suffered a massive outage on Sunday, leaving thousands of users unable to access the platform. The disruption coincided with a surge in AI-generated Studio Ghibli-style images flooding the platform.

IndiGo, India's largest airline, has vowed to challenge the ₹944.20 crore tax penalty imposed by the Income Tax Department, calling the order “erroneous and frivolous.” The airline's parent company, InterGlobe Aviation, received the penalty order on Saturday, prompting IndiGo to announce its intent to seek legal remedies.