business news

The Indian Defence Ministry has inked a major ₹26,000-crore contract with Hindustan Aeronautics Limited (HAL) to supply 240 AL-31FP engines for the Indian Air Force's (IAF) Sukhoi-30 MKI fighter jets. This contract, cleared by the Cabinet Committee on Security, will ensure the continued operational readiness of the IAF’s Su-30 fleet, reinforcing the country's defence capabilities.

According to a report by Informa Connect Academy, Elon Musk, the CEO of Tesla and SpaceX, may become the world's first trillionaire by 2027. With a current net worth of $237 billion, Musk would need to grow his wealth at an annual rate of 110% to achieve trillionaire status within the next few years.

Australia is set to implement new legislation establishing a minimum age for social media use, a move aimed at safeguarding children and supporting concerned parents. Prime Minister Anthony Albanese announced this initiative, underscoring the government's commitment to addressing the rising mental health concerns associated with social media and digital platforms.

In a surprising twist on the Hurun India Rich List 2024, Kris Gopalakrishnan, co-founder of Infosys, has emerged as the wealthiest among the tech giant's founders, surpassing his renowned colleague Narayana Murthy.

Skoda-Auto Volkswagen India Pvt. Ltd. (SAVWIPL) has received approval from the Maharashtra government for a substantial investment of ₹15,000 crore, marking a significant development for the auto industry in India. This investment is part of a broader ₹1,20,000 crore initiative approved by the state government, which also includes Toyota Kirloskar Motor’s new manufacturing facility.

Pakistan's economic prospects may be on the verge of a major boost following the discovery of substantial oil and natural gas reserves in its territorial waters. This breakthrough, reported by the Times of India, comes after a comprehensive three-year survey.

Online food delivery giant Swiggy has launched a new feature, Incognito Mode, allowing customers to place orders discreetly without leaving a trace in the app’s order history. This feature is available on both Swiggy Food and Instamart, offering users the ability to make private purchases without needing to manually delete them from their history.

Food delivery giant Swiggy, in its latest financial report for 2023-24, has revealed that a former junior employee embezzled over ₹33 crore from one of its subsidiaries. The disclosure, part of Swiggy's annual report, highlights concerns over corporate governance within the company, especially given the large scale of the fraud attributed to a lower-level employee.

As Mumbai gears up for the vibrant Ganesh Chaturthi celebrations, a significant gesture of generosity has added a touch of opulence to the city's festivities. Anant Ambani, the younger son of Mukesh Ambani and Nita Ambani, has donated a stunning 20-kg gold crown, valued at ₹15 crore, to adorn the Lalbaugcha Raja idol this year.

A Vistara flight traveling from Mumbai to Frankfurt was diverted to Erzurum Airport in eastern Turkey on September 6, 2024, due to a security concern, the airline confirmed. The flight, designated UK27, landed safely at 7:05 PM local time.