business news

India's consumer inflation has hit an 11-month low, registering at 4.83% in April compared to the previous year, as per data released by the Ministry of Statistics and Programme Implementation. However, despite this overall moderation, food prices have surged, reaching a four-month high.

Anand Mahindra, Chairman of Mahindra Group, has commended an Indian Institute of Technology (IIT) Madras startup for its groundbreaking work in developing an electric flying taxi. His praise reflects the growing innovation and entrepreneurial spirit in India, particularly within academic institutions like IIT-Madras.

Introduction: On Mother's Day, Deepinder Goyal, the CEO of Zomato, orchestrated a touching surprise for the mothers of Zomato employees. He invited them to the office for a special celebration, honoring their contributions and making them feel cherished on this special day.

In a recent development, Air India Express, owned by the Tata Group, is gradually resuming its flight operations after facing disruptions due to a mass sick leave taken by cabin crew members. The airline, which operates numerous daily flights, experienced cancellations and service interruptions but is now on track to restore normalcy by Tuesday.

The Biden administration is set to announce significant tariffs on a range of Chinese imports, encompassing electric vehicles (EVs), semiconductors, solar equipment, and medical supplies. According to sources familiar with the plan, these tariffs are part of a broader strategy aimed at addressing concerns over China's manufacturing practices, particularly in areas of overcapacity and potential threats to U.S. jobs and national security.

The recent death of a 35-year-old Bank of America associate, Leo Lukenas III, has ignited a firestorm of criticism and debate within Wall Street circles, focusing attention on what many describe as a "toxic" work culture that prioritizes long hours over employee well-being.

In a recent announcement, Ola co-founder Bhavish Aggarwal revealed that the popular ride-hailing and electric vehicle (EV) company Ola will be transitioning from Microsoft Azure to its proprietary Krutrim Cloud. This decision comes in the wake of a controversy involving LinkedIn, a professional networking platform owned by Microsoft, and Aggarwal's critical posts being removed.

A Tata Consultancy Services (TCS) employee has been suspended after reporting a security incident to the company, sparking discussions and support online. The incident, shared by the employee on Reddit, involved the manager instructing staff to use personal laptops and share login credentials, violating security protocols.

India is set to delay the imposition of market share caps on Unified Payment Interface (UPI) transactions, providing relief to digital payment giants like PhonePe and Google Pay. The decision, made by the National Payments Corporation of India (NPCI), aims to prioritize growth while addressing concerns about market concentration.

Air India Express has reached an agreement with its cabin crew, ending a strike that resulted in flight cancellations and disruptions. The airline has agreed to reinstate the 25 cabin crew members who were terminated for calling in sick, bringing relief to hundreds of affected passengers.