business news

The recent announcement of Punjabi singer Diljit Dosanjh's Dil-Luminati Tour India dates has sparked controversy over ticket pricing. Tickets for the tour, which went on sale earlier this week, sold out within minutes, but not without eliciting criticism from some quarters.

Ford Motor Company has announced its decision to resume operations at its manufacturing plant in Chennai, Tamil Nadu, signaling a strategic re-entry into the Indian market. This move marks a significant development, as the company had exited the Indian market in 2021 due to challenges in domestic sales and ceased exports in 2022.

Samsung Electronics is set to lay off more than 200 executives across various functions in its Indian operations, according to reports. The decision comes in response to a slowdown in business growth and declining consumer demand, which have adversely affected the company's sales performance in the region.

At Paytm's 24th Annual General Meeting (AGM), CEO Vijay Shekhar Sharma provided an insightful overview of the company's progress and future directions, emphasizing India's leading role in the global payments and digital revolution. Sharma also took the opportunity to extend his gratitude to Prime Minister Narendra Modi for his support and recognition of India's QR innovation.

The Indian Defence Ministry has inked a major ₹26,000-crore contract with Hindustan Aeronautics Limited (HAL) to supply 240 AL-31FP engines for the Indian Air Force's (IAF) Sukhoi-30 MKI fighter jets. This contract, cleared by the Cabinet Committee on Security, will ensure the continued operational readiness of the IAF’s Su-30 fleet, reinforcing the country's defence capabilities.

According to a report by Informa Connect Academy, Elon Musk, the CEO of Tesla and SpaceX, may become the world's first trillionaire by 2027. With a current net worth of $237 billion, Musk would need to grow his wealth at an annual rate of 110% to achieve trillionaire status within the next few years.

Australia is set to implement new legislation establishing a minimum age for social media use, a move aimed at safeguarding children and supporting concerned parents. Prime Minister Anthony Albanese announced this initiative, underscoring the government's commitment to addressing the rising mental health concerns associated with social media and digital platforms.

In a surprising twist on the Hurun India Rich List 2024, Kris Gopalakrishnan, co-founder of Infosys, has emerged as the wealthiest among the tech giant's founders, surpassing his renowned colleague Narayana Murthy.

Skoda-Auto Volkswagen India Pvt. Ltd. (SAVWIPL) has received approval from the Maharashtra government for a substantial investment of ₹15,000 crore, marking a significant development for the auto industry in India. This investment is part of a broader ₹1,20,000 crore initiative approved by the state government, which also includes Toyota Kirloskar Motor’s new manufacturing facility.

Pakistan's economic prospects may be on the verge of a major boost following the discovery of substantial oil and natural gas reserves in its territorial waters. This breakthrough, reported by the Times of India, comes after a comprehensive three-year survey.