business news

In a significant development for India's aviation industry, IndiGo, the country's largest carrier, has agreed to place a firm order for 30 A350-900 aircraft with Airbus. This decision marks a strategic shift for IndiGo, hinting at ambitious plans to expand its international footprint and compete in the long-haul market.

Life Insurance Corporation (LIC) has issued a cautionary alert to the public regarding fraudulent advertising practices observed on various social media platforms. The warning comes as LIC notes unauthorized use of senior officials' images, the brand logo, and the company's name by certain individuals and entities.

PayU Payments, a prominent player in the fintech sector, has achieved a significant milestone with the Reserve Bank of India (RBI) granting it approval to operate as a payment aggregator. This development marks a pivotal moment for PayU, coming after 15 months of discussions and initial challenges.

In a strategic move, Hindustan Unilever, known for its brands like Horlicks and Boost, has rebranded its 'health drinks' category, dropping Horlicks from it and renaming it as 'functional nutritional drinks' (FND). This decision comes in response to the Union Ministry of Commerce and Industry's directive to e-commerce platforms to remove drinks and beverages from the 'healthy drinks' category.

Ankiti Bose, the former CEO of fashion e-commerce giant Zilingo, has lodged a criminal complaint against co-founder Dhruv Kapoor and ex-COO Aadi Vaidya, accusing them of cheating, criminal intimidation, conspiracy, and harassment. The allegations shed light on internal conflicts within the company and raise concerns about corporate governance.

WeWork Global, a co-working firm that has faced bankruptcy proceedings in the US, is reportedly in talks to sell its entire 27% stake in WeWork India. This move comes as part of a broader financial restructuring effort, with Bengaluru-based real estate giant Embassy Group also considering diluting its shareholdings to raise capital.

Nikhil Kamath, the co-founder of Zerodha, recently shared insights into his investment strategies and personal wellness practices in an interview with Mint journalist Neil Borate. Among his revelations was his adherence to a 16-hour intermittent fasting regimen, where coffee plays a crucial role in curbing his appetite.

Apple is poised to become a major job creator in India, with plans to generate nearly half a million jobs in the country over the next three years through its vendors and component suppliers, according to government sources as reported by PTI.

The Food Safety and Standards Authority of India (FSSAI) has initiated quality inspections on products from renowned Indian spice brands MDH and Everest Group following allegations of containing a cancer-causing pesticide. This action comes in the wake of Hong Kong's ban on the sale of these brands after detecting the presence of ethylene oxide, a harmful pesticide known to cause cancer.

Edtech giant Byju's has made headlines as its founder and CEO, Raveendran, personally took on debt to ensure partial salary payments for March ahead of the National Company Law Tribunal (NCLT) hearing scheduled for April 23rd. This move comes amidst a backdrop of financial challenges and legal proceedings involving Byju's.