business news

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).

Air India Express, a subsidiary of Air India, is set to enhance travel options for passengers with the introduction of non-stop flights from Kolkata to Imphal and Kochi starting this April.

Poonawalla Fincorp, a leading financial institution, has announced the appointment of Arvind Kapil as its new Managing Director and Chief Executive Officer (MD & CEO), effective from June 24, 2024, for a five-year term. This decision comes following the retirement of Abhay Bhutada, who will transition to a non-executive director role within the company.

Anand Mahindra, the chairman of Mahindra Group, has sparked a conversation about water conservation by sharing a video on social media showcasing a smart technique for reusing water from air conditioners. The video highlights an innovative approach to repurpose water generated by AC units, emphasizing the importance of adopting such methods nationwide.

India's antitrust body, the Competition Commission of India (CCI), has initiated a probe against Alphabet Inc's Google regarding its implementation of policies in what is alleged to be a discriminatory manner. This move comes amid ongoing tensions between Indian startups and Google over the fees charged for in-app payments.