business news

Spanish fashion giant Zara has shut down its flagship store in Mumbai's Fort area after eight years, leaving social media users stunned by its exorbitant rent of ₹3 crore per month. The store, located in a 119-year-old building, was one of Zara’s most prominent locations in India.

Unilever CEO Hein Schumacher is set to step down from his role as Chief Executive Officer and Director on March 1, 2025, with his official departure from the company slated for May 31, 2025. The multinational consumer goods giant announced on Tuesday, February 25, that Fernando Fernandez, the current Chief Financial Officer (CFO) and Executive Director, will succeed him as CEO starting March 21, 2025.

Starbucks Corp. has announced plans to eliminate 1,100 corporate jobs as part of a restructuring strategy aimed at increasing efficiency and accelerating the company’s turnaround. The job cuts, representing about 7% of Starbucks’ global corporate workforce, will not affect employees working in company-operated stores, warehouses, or production facilities.

Bhopal: Billionaire industrialist Gautam Adani announced on Monday that the Adani Group will invest ₹2.1 lakh crore in Madhya Pradesh, generating over 1.2 lakh jobs by 2030. The investments will span multiple sectors, including pumped storage, cement, mining, smart meters, and thermal energy.

The United States Agency for International Development (USAID) funded seven projects in India with a total budget of approximately $750 million in the financial year 2023-24, according to the latest annual report of the Finance Ministry.

Renowned rapper and singer Honey Singh kicked off his Millionaire India Tour in Mumbai with a power-packed performance, but what grabbed headlines was his pointed remarks aimed at fellow rappers Badshah and Raftaar. Videos from the event have gone viral on social media, capturing Honey Singh’s sharp words directed at his former Mafia Mundeer group members.

In a massive financial fraud case, thousands of Indians have reportedly lost nearly ₹870 crore after falling victim to a Ponzi scheme run by Falcon Invoice Discounting in Telangana. The fraudulent investment scheme, which promised short-term returns of up to 22%, lured nearly 7,000 investors since 2021, according to Telangana Police.

Reliance Foundation chairperson Nita Ambani shared an emotional moment while delivering the keynote address at the Harvard India Conference 2025, revealing how her childhood dream of attending Harvard remained unfulfilled due to financial constraints.

Tesla CEO Elon Musk has reacted for the first time after conservative influencer Ashley St Clair publicly claimed that he is the father of her five-month-old baby.

A Bengaluru resident’s frustration over the lack of a monthly metro pass has triggered widespread debate online, highlighting concerns over the rising cost of daily travel on the city’s metro system.