business news

The Supreme Court has agreed to review the Maharashtra government's decision to award the Dharavi Redevelopment Project (DRP) to Adani Properties Ltd, directing that all financial transactions related to the project be routed through an escrow account. The court made the award of the contract subject to its final ruling while admitting a petition by SecLink Technologies Corporation (STC), which challenged the Maharashtra government’s tendering process.

IT major Infosys has informed its employees that it will introduce “system interventions” to ensure compliance with its hybrid work policy, mandating at least 10 days of work from the office each month. The changes, set to take effect from March 10, 2025, were communicated through an internal email sent by functional heads, as reported by The Economic Times.

Global travel-tech unicorn OYO has appointed Sonal Sinha as the Chief Executive Officer of G6 Hospitality, the American motel firm it recently acquired from Blackstone Real Estate. The acquisition, completed in December 2024, added 1,500 franchised hotels across the United States and Canada to OYO’s portfolio, significantly strengthening its presence in North America.

American electric vehicle (EV) giant Tesla has secured a 4,000-square-foot space in Mumbai’s Bandra Kurla Complex (BKC) for its first showroom in India. The company, promoted by billionaire Elon Musk, will be paying a monthly rent of over Rs 35 lakh for the premium commercial space, which also includes parking facilities.

In a significant move towards workplace inclusivity, engineering and construction giant Larsen & Toubro (L&T) has announced a one-day paid menstrual leave for its women employees. The decision, revealed on Thursday, is set to benefit approximately 5,000 women employees at the company’s headquarters.

In a major boost to religious tourism and last-mile connectivity in Uttarakhand, the Union Cabinet on Wednesday approved two ropeway projects under the National Ropeways Development Programme – Parvatmala Pariyojana. The projects aim to provide seamless access to the Kedarnath temple and Hemkund Sahib, significantly reducing travel time and easing the journey for pilgrims.

In a remarkable success story from the recently concluded Maha Kumbh in Prayagraj, a boatman and his family earned a staggering ₹30 crore in just 45 days, according to Uttar Pradesh Chief Minister Yogi Adityanath. Speaking in the state assembly during the discussion on the annual budget 2025-26, the CM revealed that the boatman owned 130 boats, each generating an average profit of ₹23 lakh during the grand religious gathering.

Former Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch, along with five others, has approached the Bombay High Court seeking to quash a special court’s order directing the registration of an FIR against them for alleged stock market fraud.

India and Belgium to enhance collaboration in defence, infrastructure, and clean energy as Belgian economic mission visits India.

OYO founder and CEO Ritesh Agarwal recently revealed that he still cleans washrooms in his hotels as part of a "role-modelling exercise" to instill humility and break societal conditioning about work. Speaking at the Mumbai Tech Week on March 1, Agarwal emphasized that fear, embarrassment, pride, and arrogance are the biggest obstacles to entrepreneurial success.