business news

In a recent development, Infosys has reportedly terminated the employment of over 240 trainees for failing to pass the company's internal assessment tests, according to a report by The Times of India. This move follows a similar action taken last month when 40 trainees were let go for the same reason. The terminations also come on the heels of an earlier round in which approximately 350 trainees were dismissed from Infosys' Mysuru campus in Karnataka, following extended delays in their onboarding process.

Chhatrapati Shivaji Maharaj International Airport (CSMIA) will temporarily halt flight operations for six hours on May 9 due to scheduled runway maintenance. The maintenance work, which will take place ahead of the monsoon season, is part of the airport’s annual pre-monsoon preparation to ensure the longevity and safety of its infrastructure.

Aircraft engine manufacturer Pratt & Whitney has named Ashish Saraf as Vice President and Country Head for India. Saraf, who brings over two decades of industry expertise, will lead the company’s strategic growth and transformation efforts in India. The company made the announcement on Monday in a statement.

Tata Consultancy Services (TCS), one of India’s leading IT giants, plans to hire approximately 42,000 trainees for the financial year 2025-26, mirroring the hiring scale of the previous year, according to a recent report. TCS has also announced the rollout of 1.1 lakh promotions for the fiscal year 2024-25, underlining the company's ongoing commitment to employee growth and development.

penAI CEO Sam Altman has taken to social media to announce a fresh wave of hiring, calling on experts in infrastructure and large-scale computing systems to join the company at a pivotal time in its evolution.

Union Minister for Road Transport and Highways, Nitin Gadkari, announced on Monday that the long-awaited completion of the Mumbai-Goa highway is now expected by June 2025, bringing relief to commuters and boosting connectivity in the Konkan region.

Italian luxury brand Prada has confirmed the acquisition of Versace from U.S.-based Capri Holdings in a deal worth approximately $1.4 billion. The acquisition is set to be finalized in the second half of this year, marking a significant milestone in Prada's 112-year history.

Tirumala, April 13, 2025: A Vizag-based businessman, Srinivasa Rao, made a significant contribution to the Sri Venkateswara Anna Prasadam Trust, a key initiative run by the Tirumala Tirupati Devasthanams (TTD) that serves free meals to devotees. Rao, who is involved in the mining and infrastructure business, donated ₹1 crore to the trust on Saturday.

In a record-setting online auction hosted by Kerala’s Motor Vehicles Department (MVD), the registration number ‘KL 07 DG 0007’ fetched a staggering ₹45.99 lakh. The iconic number, made famous by the James Bond franchise, was acquired by a private company for their luxury Lamborghini Urus, worth ₹4 crore, registered at the Ernakulam Regional Transport Office (RTO).

In a landmark move to boost its naval capabilities, India has cleared a government-to-government deal with France to procure 26 Rafale Marine (Rafale M) fighter jets for the Indian Navy. The ₹63,000-crore agreement marks the first major fighter jet upgrade for the country's naval forces.