business news

In a major shake-up at Boeing, CEO Dave Calhoun is set to resign from his position by the end of 2024. This decision comes in the wake of the recent air travel safety crisis that has put the aerospace giant under intense scrutiny. Alongside Calhoun's departure, board chairman Larry Kellner will step down after Boeing's annual meeting in May, and the president and CEO of Boeing Commercial Airplanes, Stan Deal, has resigned with immediate effect.

Paytm, the popular online payments platform, has refuted recent reports claiming a significant reduction in its workforce by 25-50%. The company has dismissed these reports as 'baseless' and clarified that it is currently engaged in its annual appraisal process, which is a routine practice and not indicative of layoffs.

Amul, renowned for its 'Taste of India' tagline, has taken a significant step into the international market by launching fresh milk products in the United States. This marks the first time Amul is introducing its range of fresh dairy products on the global stage, further solidifying its position as a leading dairy brand.

Renowned actress Deepika Padukone is making waves in the world of home decor with her debut collection in collaboration with Pottery Barn. This exciting venture marks Padukone's foray into the realm of home furnishings, adding another dimension to her already impressive portfolio of talents and endorsement deals.

In a significant development, Donald Trump's social media company, Truth Social, is poised to go public after Digital World Acquisition Corporation (DWAC) shareholders approved a merger with Trump Media & Technology Group, the parent company of Truth Social. With Trump holding 58.1% of the stock and DWAC's per-share value standing at $40, the former President could potentially earn nearly $3 billion from this deal.

Pune's real estate market has witnessed a remarkable surge in property registrations, with the number reaching 17,570 in February 2024. This marks a substantial 23% increase compared to the previous year, according to data released by the Maharashtra government’s Department of Registrations and Stamps (IGR). Alongside this surge, stamp duty collections soared to ₹620 crore for the month, reflecting a robust 20% year-on-year rise.

In a recent development, the Reserve Bank of India (RBI) has issued a directive instructing agency banks to remain open for public transactions on March 31, 2024, which falls on a Sunday. This decision comes in light of the upcoming holidays for Holi and Good Friday, ensuring continued access to banking services during this period.

In a significant step towards promoting electric vehicle (EV) adoption in India, Mahindra & Mahindra (M&M) has entered into a memorandum of understanding (MoU) with Adani Total Energies E-Mobility Limited (ATEL) to establish an extensive EV charging network across the country. This partnership aims to facilitate seamless access to charging stations and promote the growth of the EV ecosystem.

A recent incident involving an employee of the Life Insurance Corporation of India (LIC) has sparked regulatory scrutiny and resulted in disciplinary action. The employee was found to have engaged in front-running activities using their deceased father's demat account, leading to their dismissal from LIC. Here's a summary of what transpired and the responses from LIC and the Securities and Exchange Board of India (SEBI).

Renowned industrialist Uday Kotak's comments on a recent real estate development in New York City have sparked discussions about property values and market dynamics, particularly in comparison to Mumbai's upscale Bandra Kurla Complex (BKC).