business news

In a surprising turn of events, a retailer in Kuwait has sparked widespread online discussion and amusement by offering a pair of sandals for approximately 4,500 Riyals, which equates to around ₹1 lakh. The reason for the uproar? These sandals bear a striking resemblance to the humble bathroom slippers commonly found in households across India.

In a bullish forecast for India's air-conditioning (AC) industry, Blue Star has projected that it could double in value over the next four years, driven by expanding middle-class demand and rising disposable incomes in smaller Tier III, IV, and V markets.

Prime Minister Narendra Modi is scheduled to visit Mumbai today, marking his first official trip to the city since assuming office for the third consecutive term earlier this month. The visit follows the National Democratic Alliance's victory in the recent Lok Sabha elections.

In a bold projection, Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra suggested that India could become the world's second-largest economy by 2031, with the potential to be the largest by 2060. Speaking at the Mid-Career Training Programme for Indian Administrative Service officials at the Lal Bahadur Shastri National Academy of Administration in Mussoorie, Patra emphasized India's ambitious economic trajectory.

In a recent podcast, Ola CEO Bhavish Aggarwal reiterated his support for Narayana Murthy's controversial advice advocating a 70-hour work week, despite facing criticism on social media. Aggarwal expressed his belief that such dedication is necessary to propel India towards becoming a global leader in economic stature.

According to recently released government data, retail inflation in India climbed to 5.08% in June, up from 4.8% in May 2024 and 4.87% in June 2023. The increase was primarily attributed to higher prices of essential kitchen items, highlighting ongoing economic challenges.

In a recent LinkedIn post, Ram Prasad, co-founder and CEO of Final Mile Consulting, a behavioural science solutions company, shared his remarkable weight loss journey

Zepto, a quick-commerce platform, found itself in the midst of social media uproar after a Gurgaon resident highlighted exorbitant prices for dhaniya (coriander) on the app. Harsh Upadhyay took to social media to share his shock over Zepto listing coriander at ₹131 per 100 grams, even after a 22% discount.

Financial services company Angel One has refuted claims of a recent data leak affecting nearly 8 million users, following reports of a significant breach. According to The Economic Times, a hacker allegedly accessed sensitive information, including names, addresses, and profit and loss statements of affected customers, which was subsequently posted on a website.

South Korean tech giant Samsung Electronics has announced that its production remains unaffected despite a three-day general strike by thousands of workers. The strike, which began on Monday, saw over 5,000 members of the National Samsung Electronic Union cease work as part of a prolonged dispute over pay and benefits.