business news

he Delhi High Court has refused to grant anticipatory bail to a mother-son duo, Charu and Aadhar Khera, accused in an alleged ₹400 crore financial fraud case. The court emphasized the gravity of such offences in the commercial and economic world, stating that they require the "utmost seriousness."

Sukesh Chandrashekar, the infamous conman currently in judicial custody over multiple fraud and money-laundering cases, has made an unexpected investment proposal to OpenAI CEO Sam Altman. Chandrashekar, known for his extravagant claims, has offered to invest $1 billion immediately and an additional $2 billion over the next five years to support OpenAI’s operations in India.

Ahmedabad is abuzz with celebrations as Jeet Adani, the younger son of billionaire industrialist Gautam Adani, prepares to tie the knot with Diva Shah in an intimate ceremony on February 7. While the wedding is a private affair, glimpses from the grand pre-wedding festivities at the Adani family’s Shantivan mansion have surfaced online.

Hundreds of people, mostly women, have fallen victim to a massive scam in Kerala, where they were promised two-wheelers and household appliances at half price under the pretext of corporate social responsibility (CSR) funding. The fraudulent scheme, which allegedly swindled crores of rupees, has led to over 10 FIRs being filed across multiple districts, with complaints continuing to pour in by the hour.

Fugitive businessman Vijay Mallya has approached the Karnataka High Court with a plea challenging the recovery of loans by Indian banks, claiming they have collected more than double the amount owed. Mallya, who is currently residing in London, is contesting the recovery of ₹14,000 crore by banks, despite his debt originally amounting to ₹6,200 crore.

A recent post by a doctor on X (formerly Twitter) has raised serious concerns about the quality of service and hygiene at a luxury five-star hotel in Pune. The doctor accused the hotel of providing poor customer service, particularly highlighting the discovery of a reused comb in her room and a rude interaction with the hotel’s general manager (GM).

Nathan Anderson, the founder of the US-based short-selling firm Hindenburg Research, has shared insights into why his firm launched its investigation into the Adani Group and the eventual closure of the research firm. In an interview with news agency PTI, Anderson revealed that the decision to scrutinize the Adani Group was prompted by "red flags" highlighted in media reports.

Tech millionaire and anti-ageing researcher Bryan Johnson made headlines after walking out of a podcast recording with Zerodha co-founder Nikhil Kamath midway, citing poor air quality as the reason for his departure. The 47-year-old billionaire, known for his efforts in reversing the ageing process, was recording an episode for Kamath's podcast "WTF" at a five-star hotel equipped with an air purifier.

In a new round of layoffs, American tech giant Microsoft has begun firing employees based on their job performance, with some individuals not receiving severance pay and losing healthcare benefits immediately, according to a Business Insider report.

Reliance Retail has launched an app to sell Shein's fashion products in India, almost five years after the Chinese fashion retailer’s official app was banned in the country. This move comes after the Indian government disclosed last year that Reliance had entered into an agreement with Shein to sell its products under a licensing deal.