business news

In a significant policy shift, the Indian government has lifted the ban on the export of non-basmati white rice effective immediately, as announced in a recent notification. The ban was originally imposed in July 2023 to ensure domestic rice supply and control prices amid concerns about food security.

A police case has been registered against an Indian Foreign Service (IFS) officer and her husband for allegedly defrauding a Lucknow-based doctor of over ₹64 lakh under the guise of investment. The incident has raised serious concerns about trust and integrity among individuals in esteemed positions.

Zomato co-founder Akriti Chopra has officially stepped down from her position after a notable 13-year tenure at the food delivery giant. Her resignation took effect on September 27, 2024, as confirmed by the company in a filing with the stock exchanges.

Mumbai: Renowned Bollywood producer Vashu Bhagnani has accused Netflix India of defrauding him of ₹47.37 crore over film rights, leading to an investigation by the Mumbai police's Economic Offences Wing (EOW). The complaint, filed by Bhagnani, alleges that the streaming giant failed to make payments for the rights to three of his recent Hindi films—Hero No 1, Mission Raniganj, and Bade Miyan Chote Miyan.

In a significant policy shift, Pavel Durov, co-founder of the encrypted messaging service Telegram, announced that the platform can disclose user data to authorities upon receiving valid legal requests. This revelation was made through a post on Durov’s Telegram channel, outlining updates to the service's terms and privacy policies.

A Dubai-bound Emirates flight encountered a significant incident at Chennai airport last night, with smoke billowing from the tail of the aircraft just before its scheduled departure. Fortunately, no passengers were on board at the time of the incident.

In a major development, the Securities and Exchange Board of India (SEBI) has imposed a ₹1 crore fine on Jai Anmol Ambani, son of industrialist Anil Ambani, for alleged irregularities in Reliance Home Finance. The market regulator accused Jai Anmol of approving unsecured loans amounting to ₹40 crore without exercising proper due diligence.

BookMyShow has filed a police complaint concerning the sale of counterfeit tickets for Coldplay's upcoming "Music of the Spheres World Tour" in India, following a surge of frustration among fans during the ticket sale process. The band's highly anticipated return has been overshadowed by server crashes, lengthy wait times, and unauthorized resellers capitalizing on the demand.

Speaking at the inaugural "UN Summit of the Future," Google CEO Sundar Pichai announced a significant investment of $120 million dedicated to global AI education. The initiative, known as the "Global AI Opportunity Fund," aims to provide training in artificial intelligence across various regions, focusing on local languages and collaborating with nonprofits and NGOs.

British rock band Coldplay is set to perform in India as part of their highly anticipated Music Of The Spheres World Tour, with concerts scheduled for January 18, 19, and 21, 2025, in Mumbai. Tickets for these shows went on sale through BookMyShow on Sunday and sold out rapidly, leaving many fans disappointed.