business news

The Union Cabinet, led by Prime Minister Narendra Modi, has approved a performance-linked bonus (PLB) amounting to ₹2,028.57 crore for over 11.72 lakh Railway employees, which translates to 78 days' wages for staff including track maintainers, loco pilots, station masters, and technicians. Union Minister Ashwini Vaishnaw announced the decision, highlighting its role as an annual incentive aimed at enhancing railway performance.

In one of the largest drug busts in the national capital, Delhi police have seized over 560 kg of cocaine valued at nearly ₹2,000 crore. The operation, carried out in the Mehrauli area of South Delhi, resulted in the arrest of four individuals suspected to be part of an international drug syndicate allegedly run by Afghan nationals.

The Central Government has released ₹5,858.60 crore to 14 states impacted by severe flooding, heavy rainfall, and landslides during this year’s southwest monsoon season. The funds are sourced from the State Disaster Response Fund (SDRF) and include an advance from the National Disaster Response Fund (NDRF), as announced by the Ministry of Home Affairs (MHA) on Tuesday.

The Maharashtra government has officially approved the acquisition of approximately 256 acres of ecologically sensitive salt-pan land from the Centre to provide housing for residents in Dharavi who do not qualify for homes under the Adani Group-led Dharavi Redevelopment Project. This decision was made on Monday, following the Centre's consent for the transfer of three salt-pan parcels located in Kanjurmarg, Bhandup, and Mulund. The transfer was sanctioned on September 2 after a request from the state government.

The Directorate General of Civil Aviation (DGCA) has officially approved the merger of AIX Connect (formerly AirAsia India) with Air India Express (AIX), creating a unified low-cost carrier under the Air India umbrella. The merger ensures that all aircraft from AIX Connect have been transferred onto the Air India Express Air Operator Certificate, allowing seamless operations without disruption.

A SpaceX crew has successfully docked at the International Space Station (ISS) on Sunday, preparing to bring back two astronauts who have been stranded on the station for several months. The Crew-9 mission, aboard a SpaceX Dragon spacecraft, made contact with the ISS at 5:30 PM, following its launch from Cape Canaveral, Florida, on Saturday afternoon. The mission aims to ferry NASA astronaut Sunita "Suni" Williams and her fellow astronaut Butch Wilmore back to Earth after their extended stay aboard the ISS.

In a major move to accommodate the growing demand for US visas among Indian travelers, the US Embassy has opened an additional 250,000 visa appointments. This initiative aims to facilitate travel for various categories, including tourists, skilled workers, and students. The decision follows the issuance of a record number of student visas this year, with over 1.4 lakh visas granted in 2023 — the highest for any country globally.

Bollywood superstar Ranbir Kapoor is marking his 42nd birthday with an exciting new venture in the fashion and lifestyle arena. On this special day, the acclaimed actor has officially launched his lifestyle brand, ARKS, a significant milestone that he proudly embraces.

In a heartwarming display of parental pride, a scrap dealer has captured the internet's attention by gifting his son multiple iPhones, including the newly released iPhone 16, as a reward for his exceptional performance in board exams. A viral video showcasing this touching moment has captivated social media users, earning the father the affectionate title of "Dad of the Year."

A fire broke out at the Tata Electronics Pvt Ltd factory in Tamil Nadu early Saturday morning, officials confirmed. The fire occurred at a chemical storage area on the factory premises in Hosur. Despite the severity of the blaze, no casualties or injuries have been reported.