business news

In response to the devastating impact of recent heavy rainfall in Delhi, the state government has announced a compensation package of ₹10 lakhs for the families of those who lost their lives. The announcement, made by Minister Atishi on Sunday, aims to provide support to affected families following the tragic events caused by intense monsoon showers on June 28.

Online food delivery giant Zomato has found itself in the midst of a fiscal challenge, as it disclosed receiving a Goods and Services Tax (GST) demand notice totaling ₹9.5 crore from Karnataka's Assistant Commissioner of Commercial Taxes (Audit). This development comes following an audit of Zomato's GST returns and accounts for the fiscal year 2019-20.

Gaurav Munjal, Co-founder and CEO of Unacademy, has openly criticized Byju Raveendran, Founder and Group CEO of Byju's, attributing the edtech firm's recent setbacks to Raveendran's failure to heed advice from others.

A casual Tinder date took a sinister turn for a civil service aspirant who ended up paying a staggering ₹1,21,917.70 bill at a café in East Delhi, falling victim to an elaborate scam orchestrated by a group exploiting dating apps for financial gain.

Tata Group and Infosys have once again emerged at the forefront of Brand Finance's latest report on the most valuable Indian brands for 2024. The annual India 100 report, compiled by Brand Finance, assessed over 250 Indian brands across various sectors including IT, hospitality, automotive, and retail.

In a significant move aimed at addressing housing needs and boosting economic growth, Maharashtra's Interim Budget for 2024-2025 has earmarked ₹7425 crore for the construction of 35 lakh affordable homes over the next five years. Finance Minister Ajit Pawar announced this ambitious initiative during his budget presentation, highlighting various housing schemes including the Pradhan Mantri Awas Yojana (PMAY) that will facilitate this massive construction project.

In a surprising turn of events, a Mumbai resident, Ahsan Kharbai, received a call from Flipkart customer support regarding an order he placed six years ago. The unusual incident has gained significant attention after Ahsan shared his experience on the social media platform X, along with a screenshot of his order history. The order in question, for a pair of Sparx slippers, was placed in May 2018 and has yet to be delivered.

In a significant development for Maharashtra's automotive sector, Ather Energy, a prominent electric scooter manufacturer, has announced plans to establish its third manufacturing facility in the state. Deputy Chief Minister Devendra Fadnavis revealed the decision, emphasizing the strategic choice of Aurangabad Industrial City (AURIC) for this substantial investment.

India has emerged as a global leader in remittance receipts, surpassing all expectations with a staggering $120 billion influx in 2023, according to the latest World Bank report. This figure marks a significant increase from previous years and highlights India's pivotal role in the global remittance landscape.

In a recent telecom spectrum auction, Bharti Airtel emerged as the top buyer, securing approximately 60% of the total ₹11,340 crore worth of spectrum sold. The auction, which concluded within two days, saw limited participation despite the government offering 10 GHz of spectrum across various bands.