business news

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’.

Mother Dairy, a leading dairy product brand in India, announced a hike in milk prices by up to ₹2 per litre, effective April 30. This price revision comes after the company faced increased procurement costs, which had risen by ₹4-5 per litre in recent months.

A historic letter written by Archibald Gracie, one of the most well-known survivors of the Titanic disaster, has sold for a staggering £300,000 (approximately ₹3.4 crore) at an auction in Wiltshire, England. The letter, penned by Gracie on April 10, 1912, just days before the ill-fated ship sank, provides a poignant look into the thoughts of a man who would later become a key witness to the tragedy that claimed the lives of over 1,500 people.

At this year’s Auto Shanghai exhibition, the focus was less on horsepower and more on groundbreaking technology, luxury features, and the future of transportation. As hundreds of car manufacturers and suppliers packed the exhibition hall, attendees marveled at a new generation of vehicles designed to transform the driving experience, with innovations like flying taxis, massive screens, and massage seats taking center stage.

In response to escalating trade tensions and proposed tariffs by the US government, South Korean tech giant Samsung is reportedly exploring shifting part of its smartphone and electronics manufacturing from Vietnam to India. The move comes amid concerns over a steep 46% tariff on imports from Vietnam, proposed by the Trump administration. In comparison, India faces a less burdensome 26% tariff and has been granted a temporary 90-day reprieve from reciprocal tariffs, excluding China.

Reliance Industries Chairman Mukesh Ambani has strongly condemned the recent terrorist attack in Pahalgam, Jammu and Kashmir, that resulted in the loss of innocent lives. Expressing heartfelt condolences to the families affected by the tragedy, Ambani also offered free medical treatment to all those injured in the attack at Sir HN Reliance Foundation Hospital in Mumbai.

Tech entrepreneur Lucy Guo has quietly made history by becoming the world’s youngest self-made woman billionaire at just 30 years old, surpassing music sensation Taylor Swift. According to Forbes, Guo’s fortune soared thanks to the explosive growth of her former company, Scale AI, which is nearing a tender offer that could value the startup at a staggering $25 billion.