business news

In a significant move, Zee Entertainment has initiated a substantial workforce reduction by laying off 50% of its tech team at its innovation centre in Bengaluru. This decision follows the company's failed merger discussions with Sony and is part of broader cost-cutting measures.

OpenAI, a leading artificial intelligence research organization, has unveiled a groundbreaking audio feature that can convincingly replicate human voices, sparking discussions about the potential risks associated with deepfake technology.

Social media platform X, previously known as Twitter, is in the process of testing a new feature that allows users to create or join communities focused on "adult content" or other "not safe for work" (NSFW) material. This move comes as part of efforts to enhance safety measures and age-appropriate content viewing on the platform.

State Bank of India (SBI), the country's second-largest credit card issuer with a user base of over 18 million cards, has announced revisions to its annual maintenance charges for certain categories of debit cards. The new rates, which will come into effect from April 1, mark the beginning of the new financial year.

The National Company Law Tribunal (NCLT) has declined investors' request to halt Byju's extraordinary general meeting (EGM), slated for March 29, despite ongoing legal challenges. The Bengaluru bench of the tribunal also dismissed the plea for an independent overseer, setting the stage for a crucial legal battle in the corporate world.

In a groundbreaking development, rival billionaires Mukesh Ambani and Gautam Adani have joined forces for their first-ever collaboration on a power project in Madhya Pradesh. This unprecedented partnership sees Ambani's Reliance acquiring a 26 percent stake in Adani Power's project in MP, marking a significant step in their business dynamics.

A consumer court in Delhi has imposed a penalty of ₹45,000 on e-commerce giant Amazon and a retailer for the prolonged delay in issuing a refund for a faulty laptop, according to reports from Times of India. The Delhi East District Consumer Disputes Redressal Commission deemed this delay as an "unfair trade practice," criticizing Amazon for leaving customers without evidence of the item's return.

Former President Donald Trump experienced a remarkable financial upswing, with his net worth soaring to $6.5 billion, positioning him among the world's wealthiest 500 individuals on the Bloomberg Billionaires Index. This surge came as a result of favorable legal developments and the completion of a long-awaited merger for his social media company, Trump Media & Technology Group.

As the festival of colors, Holi, approaches, online shopping trends witness a significant surge, particularly in essential products like coconut oil. Blinkit CEO Albinder Dhindsa recently shared insights into the booming sales during the festive season, highlighting the company's record-breaking orders per minute (OPM) and the spike in coconut oil sales.

The European Union's antitrust regulators have initiated their first investigations under the Digital Markets Act (DMA) into tech giants Apple, Google (Alphabet), and Meta Platforms (formerly Facebook), citing potential breaches of significant EU tech regulations. This move marks a significant step in the EU's efforts to regulate and reign in the power of Big Tech companies.