business news

The Reserve Bank of India (RBI) Governor, Sanjay Malhotra, expressed optimism about the Indian economy’s prospects, projecting improvement in 2025 despite global uncertainties. In his foreword to the Financial Stability Report released on Monday, Malhotra highlighted strong consumer and business confidence as driving forces for economic recovery.

The Ministry of Defence (MoD) has signed two significant contracts worth ₹2,867 crore to bolster the Indian Navy’s underwater warfare capabilities. The agreements focus on retrofitting Kalvari-class submarines with Air Independent Propulsion (AIP) systems to increase their endurance and integrating electronic heavy-weight torpedoes (EHWT) to enhance their firepower.

Charles Dolan, the visionary billionaire founder of HBO and Cablevision, passed away at the age of 98, his family confirmed on Saturday, December 28. Dolan, who revolutionized the media and entertainment industry, died of natural causes, according to a statement reported by Newsday. His death marks the end of an era for the media mogul, whose innovations continue to shape modern television.

A dramatic aviation incident unfolded at Canada's Halifax Stanfield International Airport on Thursday night when an Air Canada Express flight, operated by PAL Airlines, experienced a rough landing due to a landing gear failure. The aircraft, which had arrived from Newfoundland, caught fire after its landing gear malfunctioned, causing panic among passengers on board.

Ola Electric announced on Wednesday that it has expanded its network to 4,000 stores nationwide, marking a four-fold increase in its existing network. The company also revealed that two of its senior executives, Chief Marketing Officer (CMO) Anshul Khandelwal and Chief Technology and Product Officer (CTO) Suvonil Chatterjee, resigned from their positions, citing personal reasons.

In an astonishing display of indulgence, a food lover from Bengaluru spent an eye-watering ₹5.13 lakh during a single restaurant visit in 2024, earning a special mention in Zomato's year-end report. The food delivery giant, which recently released its annual insights on the dining and ordering habits of Indians, highlighted the jaw-dropping expense as one of the most interesting statistics from the year.

Elon Musk's offer of $1 billion to Wikipedia, made in October 2023, continues to stand, with the condition that the popular online encyclopedia change its name for at least one year. Musk, who is known for his bold statements and actions, had proposed the name change to “Dickipedia,” arguing that it would be more "accurate" given what he perceives as questionable financial practices by the Wikimedia Foundation.

Elon Musk, the world's richest man, is planning to establish his own company town in coastal South Texas, dubbed "Starbase," a move that could redefine the future of corporate living. The founder of SpaceX, Tesla, and X (formerly Twitter) has long been a figure of influence, and his latest vision is to build a municipality to support SpaceX's growing presence in the state.

In a significant move to empower farmers and promote the cooperative model, Union Home and Cooperation Minister Amit Shah inaugurated 10,000 newly established multipurpose Primary Agricultural and Dairy Cooperative Societies (PACS) on Wednesday. This initiative is part of the government's ambitious plan to establish 200,000 such rural enterprises across the country.

A Lamborghini Huracan supercar caught fire on Mumbai's Coastal Road late on Wednesday night, causing a scene as flames engulfed the vehicle. Fortunately, no injuries were reported, and the fire was quickly brought under control.