business news

Air India has purchased six Boeing 777-300ER aircraft, marking its first acquisition of this wide-body aircraft type in more than seven years. According to sources, the aircraft were previously leased and operated by the airline, and this strategic purchase comes amid global supply chain challenges affecting new aircraft deliveries and ongoing refurbishment of its older fleet.

Former BharatPe co-founder and Shark Tank India judge Ashneer Grover took to Instagram to celebrate a proud parenting moment — his son Avyukt (Avy) Grover scored an impressive 91% in his Class 10 board exams. The delighted father shared a heartwarming unseen photo of himself with Avy, both dressed casually, and wrote, “Congrats Avyukt for scoring 91% in X - Boards!! Super proud!!!”

In a significant move to enhance clean energy production and regional energy security, Bhutan's Druk Green Power Corporation (DGPC) and the Adani Group have signed a Memorandum of Understanding (MoU) to jointly develop hydropower projects with a combined capacity of 5,000 megawatts (MW). The agreement, announced in Thimphu, marks a milestone in the ongoing collaboration between the two entities and builds on their existing partnership for the 570/900 MW Wangchhu Hydropower Project.

Paytm's founder and CEO, Vijay Shekhar Sharma, has settled a case with the Securities and Exchange Board of India (SEBI) over violations concerning employee stock options (ESOPs). The case, which stemmed from Sharma's receipt of 21 million ESOPs, was settled with both Paytm and Sharma agreeing to pay a fine of ₹11.1 million each.

An earthquake of magnitude 3.5 struck the Alirajpur district of Madhya Pradesh on Sunday evening, the National Center for Seismology (NCS) reported. The tremor was recorded at 5:10 PM IST at a depth of 10 kilometers.

An Air India flight from Delhi to Tel Aviv was forced to make an emergency diversion to Abu Dhabi on Sunday after a missile, reportedly fired by Yemen’s Houthi rebels, landed near Israel's Ben Gurion Airport. The missile strike sent a plume of smoke into the air and triggered panic among passengers and staff at the airport.

Prime Focus, one of India’s leading entertainment companies, announced a ₹3,000 crore investment to develop a state-of-the-art ‘film city’ on a sprawling 200-acre site in Mumbai. The company signed a memorandum of understanding (MoU) with the Maharashtra government at the ongoing WAVES 2025 event, marking a major milestone in the state’s push for infrastructure and economic growth.

Kohl’s Corp. announced the firing of CEO Ashley Buchanan following the conclusion of an internal investigation that uncovered undisclosed conflicts of interest involving vendor transactions. The company has named Chairman Michael Bender as the interim CEO and is now beginning a search for a permanent replacement.

In a significant move to enhance healthcare infrastructure, the Odisha government has announced an investment of ₹9,200 crore to redevelop four major medical institutions across the state. The decision, aimed at upgrading healthcare facilities and expanding bed capacity, was made during a high-level meeting chaired by Chief Minister Mohan Charan Majhi. Health and Family Welfare Minister Mukesh Mahaling also attended the meeting.

Infosys, one of India's leading IT giants, has terminated 195 more trainees from its Mysuru campus, citing their failure to clear the company’s internal assessment test. This move adds to a growing list of terminations, with around 800 trainees impacted since February this year. The decision was confirmed through official emails dated April 29, which highlighted that despite additional preparation time, doubt-clearing sessions, mock assessments, and multiple attempts, these trainees did not meet the qualifying criteria in the company’s ‘Generic Foundation Training Program’.