business news

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.

Two individuals have fallen victim to a medical college admission fraud amounting to ₹77.6 lakh, with six people allegedly involved in the scheme. The victims, a 59-year-old man from Raigarh in Chhattisgarh and a 54-year-old man from Bengaluru, were deceived into paying large sums of money for postgraduate course seats at a reputed medical college in Navi Mumbai.

In a recent development, Infosys has reportedly terminated the employment of over 240 trainees for failing to pass the company's internal assessment tests, according to a report by The Times of India. This move follows a similar action taken last month when 40 trainees were let go for the same reason. The terminations also come on the heels of an earlier round in which approximately 350 trainees were dismissed from Infosys' Mysuru campus in Karnataka, following extended delays in their onboarding process.

Chhatrapati Shivaji Maharaj International Airport (CSMIA) will temporarily halt flight operations for six hours on May 9 due to scheduled runway maintenance. The maintenance work, which will take place ahead of the monsoon season, is part of the airport’s annual pre-monsoon preparation to ensure the longevity and safety of its infrastructure.

Aircraft engine manufacturer Pratt & Whitney has named Ashish Saraf as Vice President and Country Head for India. Saraf, who brings over two decades of industry expertise, will lead the company’s strategic growth and transformation efforts in India. The company made the announcement on Monday in a statement.