business news

In a significant move highlighting his support for former President Donald Trump, Elon Musk has announced plans to donate $45 million per month to a newly formed Trump super political-action committee (PAC), as reported by the Wall Street Journal. This commitment underscores Musk's continued involvement in U.S. politics and his backing of Trump's political initiatives.

India's Chief Scientist, Professor Ajay Kumar Sood, has unveiled a comprehensive roadmap aimed at propelling India to the forefront of the global electric vehicle (EV) revolution. Highlighting the urgent need for investment in research and development (R&D), Professor Sood asserted that a ₹1,200 crore infusion could pave the way for significant advancements in e-mobility within the next five years.

In a significant move aimed at enhancing the financial well-being of state employees, the Karnataka government has approved a substantial salary increase following the recommendations of the 7th Pay Commission. The decision, finalized during a Cabinet meeting chaired by Chief Minister Siddaramaiah, will come into effect starting August 1.

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