business news

In a futuristic move towards sustainable and efficient urban transport, IndiGo, in collaboration with US-based Archer Aviation, is set to launch an all-electric air taxi service in India by 2026. This groundbreaking initiative aims to significantly reduce travel time and provide a unique aerial experience for passengers.

A recent exchange on social media between Anand Mahindra, Chairman of the Mahindra Group, and Sanjiv Kapoor, former Jet Airways CEO-Designate, has sparked a conversation regarding their comments on the unprecedented Dubai rains.

Nestle, a leading consumer goods company, has come under scrutiny for adding approximately 3 grams of sugar to each serving of Cerelac baby products sold in India. This practice contrasts starkly with their products in developed nations, where sugar-free options are available.

Namma Yatri, a Bengaluru-based mobility app, has rolled out its cab services in the city with a unique 'zero commission' model. The company aims to revolutionize the transportation sector by adhering to government-set prices while offering a range of cab options to cater to diverse customer needs.

In a recent LinkedIn post, Jeff Bogdan, who spent 33 years at Microsoft, shared his experience after being abruptly terminated from his position as Director of Learning and Development (L&D) at Microsoft Windows in February. Bogdan's termination came as the company adopted a new hub and spoke model for L&D, a strategy he had advocated for but ultimately led to his job elimination.

The Adani family has made a significant investment in Ambuja Cements, injecting ₹8,339 crore into the company and increasing their stake to 70.3%. This move marks a substantial commitment to the cement sector by one of India's leading business conglomerates.

China's economy, the world's second-largest, has defied expectations by growing at a robust pace of 5.3% in the first quarter of 2024. This growth comes amidst ongoing challenges such as a slowdown in demand and a property crisis in the country, showcasing the resilience of China's economic policies and the adaptability of its markets.

Tesla, led by tech mogul Elon Musk, is reportedly gearing up to lay off over 10% of its worldwide workforce, a move that could affect more than 14,000 employees. The decision, aimed at streamlining operations and reducing duplication of roles, comes amidst a period of rapid growth for the electric vehicle maker.

Nikhil Kamath, the co-founder of leading stockbroker Zerodha, has announced the launch of 'WTFund,' a non-dilutive grant agnostic fund aimed at nurturing young and promising entrepreneurs aged 25 and under. This initiative seeks to support individuals with innovative ideas and transformative visions, empowering them to revolutionize their respective industries.

Prime Minister Narendra Modi has reiterated India's stance on indigenous production, emphasizing the importance of local manufacturing in light of global investment interests, including those of Elon Musk's Tesla. In an interview with ANI, PM Modi underscored the need for investments to align with India's ethos and contribute to the nation's employment opportunities, particularly for its youth.