business news

In a significant legal victory for Byju's and its founder Byju Raveendran, an appeals tribunal has overturned the insolvency proceedings that had been initiated against the education technology giant. The ruling comes as a major relief for Byju's, which has faced various challenges in recent months.

On August 2, 2024, Turkey's national communications authority, BTK, announced a blanket block on Instagram, sparking confusion and backlash. The decision, which was revealed in a brief statement on the BTK website, did not provide specific reasons or an estimated duration for the block.

Air India has announced the suspension of all flights to and from Tel Aviv, Israel, effective immediately until August 8, 2024, due to escalating tensions in the Middle East. The airline's decision comes as part of precautionary measures in light of the ongoing conflict in the region.

Aam Aadmi Party (AAP) MP Raghav Chadha has called for urgent government action to combat digital piracy, which he claims is causing annual losses of ₹20,000 crore to the film industry. Chadha's appeal came during his speech in the Rajya Sabha, where he highlighted the detrimental impact of online piracy on the creative sector.

The Narendra Modi government has approved a landmark infrastructure initiative, sanctioning eight major National High-Speed Road Corridor Projects at a total cost of ₹50,655 crore. Announced on Friday, these projects collectively span 936 kilometers and aim to bolster logistics efficiency, mitigate congestion, and enhance connectivity across India.

The Indian Armed Forces have appointed Lieutenant General Sadhna Saxena Nair as the Director General of Medical Services, making her the first woman to hold this prestigious position. Her appointment marks a significant milestone in the history of the Indian military medical services.

A pair of slippers stitched by Congress MP Rahul Gandhi has become the center of attention in Sultanpur, with offers of up to ₹2 lakh being made to buy them. However, the cobbler, Ramchet, has firmly refused to sell, declaring the slippers a cherished memento.

Microsoft is grappling with another significant outage just weeks after a global IT meltdown caused by a problematic update from cybersecurity firm CrowdStrike. On Tuesday, the tech giant reported widespread disruptions affecting several Microsoft 365 services, including Word, PowerPoint, and Outlook. This comes less than two weeks after a prior global outage, highlighting ongoing challenges in Microsoft's network infrastructure.

Intel is set to undertake significant job cuts as part of a strategic effort to recover market share and bolster its finances, according to Bloomberg News. The company has not yet officially announced the layoffs, but reports suggest an announcement could come as early as this week. Shares of the chipmaker saw a slight uptick of about 1% following the news, though the stock has plunged by 40% this year.

Food delivery platform Swiggy has announced that Bengaluru leads the nation in vegetarian orders, surpassing even the most expected cities for vegetarian cuisine. This revelation comes as part of Swiggy’s latest update on its Green Dot Awards, which highlights the best vegetarian restaurants across India.