business news

The Unified Payments Interface (UPI) continues to solidify its dominance in India’s financial landscape, achieving a record 15,547 crore transactions worth ₹223 lakh crore between January and November 2024, according to the Finance Ministry.

In a heartfelt move following his resignation as Intel’s CEO on December 1, Pat Gelsinger has turned to prayer and fasting to show his support for the company's troubled workforce. Gelsinger, who stepped down after Intel’s board of directors reportedly asked him to either resign or be fired, has been keeping his followers updated on social media.

Billionaire Elon Musk's simple yet impactful reaction to a post by Aravind Srinivas, the Indian-origin CEO of Perplexity AI, has sparked a conversation across social media. Srinivas, who has been waiting for a U.S. green card for three years, took to the platform X (formerly Twitter) to ask his followers, "I think I should get a green card. Wdyt?" The CEO's post quickly gained attention, but it was Musk’s response that stole the limelight.

Broadcom Inc., a leading chip supplier for Apple Inc. and other tech giants, achieved a milestone by reaching a $1 trillion market valuation for the first time on Friday. The surge was fueled by optimism surrounding its artificial intelligence (AI) chips and an impressive stock rally.

In a shocking development at Poonawalla Fincorp Limited, Dhiraj Saxena, the company’s Chief Technology Officer (CTO), resigned on December 3, citing harassment and “unnecessary interventions” by the company's Chief Human Resource Officer (CHRO). Saxena’s resignation letter, which was submitted in September but came to light on December 6 through a regulatory filing, highlighted ongoing tensions between the IT department and the HR leadership.

India's retail inflation eased slightly to 5.48% in November, down from 6.21% in October, according to data released by the Ministry of Statistics and Programme Implementation on Thursday. While the pace of price increases has slowed, the Consumer Price Index (CPI)-based inflation remains well above the Reserve Bank of India's (RBI) target of 4%, which allows a deviation of two percentage points on either side.

In a landmark development for Pakistan-China relations, a Chinese business delegation has pledged to invest $1 billion in establishing a state-of-the-art medical city in Karachi. The announcement was made during a meeting with Pakistan's President Asif Ali Zardari, Sindh Chief Minister Syed Murad Ali Shah, and the Chinese Consul General on Thursday.

Elon Musk has officially become the first person in history to surpass a $400 billion net worth, marking a significant milestone in his financial journey. The SpaceX and Tesla CEO reached this remarkable achievement following a surge in his wealth driven by a recent insider share sale and favorable outcomes in the recent U.S. elections.

Karnataka has become a hotspot for digital frauds in 2024, with a staggering ₹109.01 crore lost to scammers impersonating government officials. The figures were disclosed by Home Minister G Parameshwara during a session of the Karnataka Legislative Council on December 12. The scams, which involve criminals pretending to be representatives of agencies like the Reserve Bank of India (RBI), the Telecom Regulatory Authority of India (TRAI), or even law enforcement bodies, have raised serious concerns about cybersecurity in the state.

Around 400 IndiGo passengers traveling to Delhi and Mumbai were left stranded for nearly 24 hours at Istanbul Airport in Turkey, after their flights were delayed due to "operational reasons," as reported by NDTV on Friday. The passengers expressed their frustration on social media, alleging that they were not provided with adequate food, accommodation, or support during the long wait.