business news

Adani Ports and Special Economic Zone (APSEZ), India's leading private port operator, is looking to expand its operations into the Philippines by developing a deep port in Bataan. This move is part of APSEZ's broader investment strategy, which includes ventures into ports, airports, power, and defence sectors.

In a stark indication of ongoing economic challenges, the technology sector witnessed a wave of layoffs in April 2024, with over 20,000 employees losing their jobs across various companies. This surge in job cuts reflects a broader trend of layoffs in the tech industry, with at least 271 companies having let go of 78,572 employees since the beginning of the year, as reported by layoffs.fyi.

A remarkable feat has been achieved by a man from Hyderabad, who has now secured the Guinness World Record for the "Fastest time to type the alphabet backwards." SK Ashraf accomplished this astonishing record by typing the English alphabet in reverse in an incredible 2.88 seconds.

Tesla, led by Elon Musk, has initiated a round of layoffs that includes two senior executives and nearly 500 employees in the Supercharger team, signaling a significant transition within the electric vehicle (EV) maker. Among those impacted is an Indian-origin woman who shared her experience on LinkedIn, describing it as a "significant transition" for herself and her team.

Changpeng Zhao, the founder of the world's largest cryptocurrency exchange, Binance, has been sentenced to four months in prison after pleading guilty to violations of US anti-money laundering and sanctions laws. This development marks a significant turn for the once-powerful figure in the crypto industry, making him the world's richest prisoner with a net worth of $43 billion.

A district consumer commission in Mumbai has fined a restaurant ₹25,000 and directed it to refund a ₹29 service charge after ruling that levying a ‘mandatory’ service charge is not only ‘highly objectionable’ but also illegal.

The Food Safety and Drug Administration Department (FDA) has launched an investigation following reports of two individuals falling ill after consuming food from a McDonald's outlet in Noida's Sector 18 and Theobroma bakery in Sector 104.

Prestige Group, a renowned real estate developer, has marked a significant achievement by selling luxury residences worth ₹1300 crore in South Mumbai within the first three months of pre-launch. This remarkable success was announced through an official statement by the company.

A resident of Hyderabad recently made a disturbing discovery when they found fungus on a Cadbury chocolate bar purchased within its expiration date. This incident has sparked concerns among consumers about the quality control of Cadbury products.

A historic gold watch, once owned by John Jacob Astor, the wealthiest passenger aboard the ill-fated Titanic, has fetched a staggering sum of £1.17 million ($1.46 million) at an auction in England. The sale, conducted by auctioneers Henry Aldridge & Son, set a record for the highest amount paid for an item associated with the tragic 1912 Titanic disaster.