business news

The Adani Group has announced plans to invest ₹20,000 crore to set up an ultra-super critical thermal power plant in Bihar, a project that is expected to significantly boost the state’s economy and create thousands of jobs. Pranav Adani, Director of Adani Enterprises, made the announcement on Friday at the Bihar Business Connect event in Patna, sharing the conglomerate’s ambitious investment roadmap.

New Delhi: A recent social media post by Vikram Chopra, CEO of Cars24, has ignited controversy for its remarks on language and cultural identity. The post, shared on X (formerly Twitter), invited professionals living in Bengaluru to consider relocating to Delhi-NCR with a lighthearted comment that many found divisive. The …

Tata Consumer Products has strongly refuted a recent report claiming that Starbucks is planning to exit the Indian market due to high costs, losses, and growing competition from local coffee chains. The report, published on December 19 by Rajasthan-based media outlet The Philox, suggested that Starbucks could soon shut down operations in India, citing price-sensitive Indian consumers’ preference for cheaper local substitutes and the coffee chain’s struggle to turn significant profits in the country.

Fugitive businessman Vijay Mallya has ignited a fresh controversy with his claims that the Indian banks have recovered more than double the amount of his debt. In a recent series of posts on X (formerly Twitter), Mallya argued that while the Debt Recovery Tribunal had adjudicated his Kingfisher Airlines (KFA) debt at ₹6,203 crore, including ₹1,200 crore in interest, banks had recovered ₹14,131.60 crore from him through the Enforcement Directorate (ED) and other agencies.

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.