business news

In a disclosure from Infosys, India's second-largest software maker, it has been revealed that CEO Salil Parekh's compensation for fiscal year 2024 totaled a staggering 662.4 million rupees ($7.9 million). This places him among the highest-paid Indian IT chiefs currently leading major tech firms.

Mukul Rustagi, co-founder of Classplus, recently shared an intriguing anecdote about his journey to Stanford University in an interview that has captivated many. Rustagi and his business partner, Bhaswat Agarwal, found themselves dreaming of Stanford despite lacking the grades or finances to attend. Their curiosity about what made Stanford special led them to a daring adventure.

A scheduled Air India flight from Delhi to Vancouver faced a substantial delay, stretching to 22 hours before finally taking off in the early hours of Sunday. The flight, originally slated for departure on Saturday morning, encountered a series of setbacks attributed to technical issues and crew duty limitations.

In a significant shift in the wealth landscape of Asia, billionaire Gautam Adani has once again emerged as the richest person in the continent, surpassing Mukesh Ambani, the head of Reliance Industries. Adani's rise to the top spot in Asia's wealth hierarchy comes on the heels of a surge in stock prices across companies in his conglomerate, as reported by the Bloomberg Billionaires Index.

Tesla CEO Elon Musk is facing a shareholder lawsuit alleging he engaged in $7.5 billion worth of insider trading. The lawsuit, filed by Tesla investor Michael Perry in Delaware Chancery Court, claims that Musk had inside knowledge of Tesla’s impending miss on production and delivery numbers for the fourth quarter of 2022 when he sold over $7.5 billion in company stock.

Passengers on Air India's flight AI 1183 to San Francisco finally took off from Delhi airport at around 9:55 pm on Friday, after enduring a delay of over 30 hours. The flight, originally scheduled for 3:30 pm on Thursday, faced multiple reschedules due to a series of technical issues, including a non-functional air conditioning system and payload problems.

In a significant move driven by declining international oil prices, the price of jet fuel and commercial cooking gas has been slashed. This marks the third consecutive monthly reduction in rates.

Anant Yardi, an Indian-origin entrepreneur and CEO of Yardi Systems, has recently stepped into the role of CEO at WeWork, the coworking giant that faced financial turmoil and bankruptcy. Here are five key points about Anant Yardi and his journey with WeWork:

Finance Minister Nirmala Sitharaman emphasized on Friday that there has been “no leniency” in recovering bad loans from large defaulters, with the Enforcement Directorate (ED) attaching properties worth ₹64,920 crore from 1,105 such defaulters under investigation. Sitharaman's remarks came amidst opposition claims of loan waivers for industrialists during the Modi government, which she refuted in a series of posts on X, the social media platform formerly known as Twitter.

A recent LinkedIn post by HR professional Rubi Khan has gone viral, sharing a touching story that highlights Ratan Tata's well-known love for animals. The post tells the story of a dog residing on the grounds of Mumbai's iconic Taj Mahal Hotel and the special care it receives from the staff.