business news

Paytm's founder and CEO, Vijay Shekhar Sharma, has settled a case with the Securities and Exchange Board of India (SEBI) over violations concerning employee stock options (ESOPs). The case, which stemmed from Sharma's receipt of 21 million ESOPs, was settled with both Paytm and Sharma agreeing to pay a fine of ₹11.1 million each.

An earthquake of magnitude 3.5 struck the Alirajpur district of Madhya Pradesh on Sunday evening, the National Center for Seismology (NCS) reported. The tremor was recorded at 5:10 PM IST at a depth of 10 kilometers.

An Air India flight from Delhi to Tel Aviv was forced to make an emergency diversion to Abu Dhabi on Sunday after a missile, reportedly fired by Yemen’s Houthi rebels, landed near Israel's Ben Gurion Airport. The missile strike sent a plume of smoke into the air and triggered panic among passengers and staff at the airport.

Prime Focus, one of India’s leading entertainment companies, announced a ₹3,000 crore investment to develop a state-of-the-art ‘film city’ on a sprawling 200-acre site in Mumbai. The company signed a memorandum of understanding (MoU) with the Maharashtra government at the ongoing WAVES 2025 event, marking a major milestone in the state’s push for infrastructure and economic growth.

Kohl’s Corp. announced the firing of CEO Ashley Buchanan following the conclusion of an internal investigation that uncovered undisclosed conflicts of interest involving vendor transactions. The company has named Chairman Michael Bender as the interim CEO and is now beginning a search for a permanent replacement.

In a significant move to enhance healthcare infrastructure, the Odisha government has announced an investment of ₹9,200 crore to redevelop four major medical institutions across the state. The decision, aimed at upgrading healthcare facilities and expanding bed capacity, was made during a high-level meeting chaired by Chief Minister Mohan Charan Majhi. Health and Family Welfare Minister Mukesh Mahaling also attended the meeting.

Infosys, one of India's leading IT giants, has terminated 195 more trainees from its Mysuru campus, citing their failure to clear the company’s internal assessment test. This move adds to a growing list of terminations, with around 800 trainees impacted since February this year. The decision was confirmed through official emails dated April 29, which highlighted that despite additional preparation time, doubt-clearing sessions, mock assessments, and multiple attempts, these trainees did not meet the qualifying criteria in the company’s ‘Generic Foundation Training Program’.

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.