business news

In response to escalating trade tensions and proposed tariffs by the US government, South Korean tech giant Samsung is reportedly exploring shifting part of its smartphone and electronics manufacturing from Vietnam to India. The move comes amid concerns over a steep 46% tariff on imports from Vietnam, proposed by the Trump administration. In comparison, India faces a less burdensome 26% tariff and has been granted a temporary 90-day reprieve from reciprocal tariffs, excluding China.

Reliance Industries Chairman Mukesh Ambani has strongly condemned the recent terrorist attack in Pahalgam, Jammu and Kashmir, that resulted in the loss of innocent lives. Expressing heartfelt condolences to the families affected by the tragedy, Ambani also offered free medical treatment to all those injured in the attack at Sir HN Reliance Foundation Hospital in Mumbai.

Tech entrepreneur Lucy Guo has quietly made history by becoming the world’s youngest self-made woman billionaire at just 30 years old, surpassing music sensation Taylor Swift. According to Forbes, Guo’s fortune soared thanks to the explosive growth of her former company, Scale AI, which is nearing a tender offer that could value the startup at a staggering $25 billion.

Two individuals have fallen victim to a medical college admission fraud amounting to ₹77.6 lakh, with six people allegedly involved in the scheme. The victims, a 59-year-old man from Raigarh in Chhattisgarh and a 54-year-old man from Bengaluru, were deceived into paying large sums of money for postgraduate course seats at a reputed medical college in Navi Mumbai.

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.