business news

EaseMyTrip, the popular online travel tech aggregator, announced a significant leadership change on Wednesday. Co-Founder and CEO Nishant Pitti has stepped down from his position due to "personal reasons." His resignation has led to the appointment of his brother, Rikant Pittie, as the new Chief Executive Officer (CEO) of the company.

The Indian Space Research Organisation (ISRO) is poised to achieve a remarkable milestone with the upcoming launch of a Geosynchronous Launch Vehicle (GSLV) mission in January, which will mark the 100th launch from the Sriharikota spaceport. This achievement comes after the successful launch of PSLV-C60 on Monday, which placed two spacecraft into orbit for the Space Docking Experiment (SpaDeX).

ndia's defence exports have skyrocketed in the past decade, with the country achieving a record Rs 21,000 crore in exports, marking a ten-fold increase from Rs 2,000 crore in 2013. Defence Minister Rajnath Singh announced the milestone during his address at the Army War College in Mhow Cantonment, Madhya Pradesh, where he outlined the ambitious target of raising annual defence exports to Rs 50,000 crore by 2029.

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.