business news

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.

An incident involving an Apple iPhone order on Flipkart has led to the e-commerce platform being directed to pay ₹10,000 to a customer from Mumbai's Dadar. The consumer had ordered the iPhone on July 10, 2022, and paid ₹39,628 via credit card. However, the order was cancelled by Flipkart, prompting the customer to file a complaint.

Customers of Paytm Payments Bank Ltd (PPBL) are facing a significant change today as the deadline set by the Reserve Bank of India (RBI) arrives. Following serious rule violations, the RBI imposed restrictions on PPBL, leading to the discontinuation of several key services. Paytm, a prominent player in India's fintech sector, is advising its digital payment users to seek alternative banking solutions due to these developments.

L&T Technology Services (LTTS), the engineering services arm of infrastructure giant L&T, has landed a significant ₹800 crore project from the Maharashtra government to establish a digital threat analytics center. This initiative aims to enhance public safety against cyber threats by providing advanced cyber security solutions.

The Indian government has implemented a new policy aimed at boosting the electric vehicle (EV) industry by significantly reducing import taxes, particularly benefiting global manufacturers like Tesla. This move is part of a broader strategy to attract investments and promote the adoption of EVs in the country.

In a significant development for the automotive industry, Tata Motors, India's largest automobile company, has inked a Memorandum of Understanding (MoU) with the government of Tamil Nadu to explore the establishment of a state-of-the-art vehicle manufacturing facility in the region.

In a significant development, the Union government has given the green light to transfer ownership of the iconic Air India building in Mumbai to the Maharashtra state government. This transfer, valued at Rs. 1,601 crore, also includes the waiver of outstanding dues amounting to approximately Rs. 300 crore, paving the way for a landmark transaction.