business news

In a remarkable achievement, 19-year-old Brazilian student Livia Voigt has earned the distinction of being the world's youngest billionaire, according to the 2024 Forbes Billionaires List. This year's list highlights the prominence of youth, with the 25 youngest billionaires all aged 33 or younger, collectively possessing $110 billion in wealth.

In a bid to enhance safety and authenticity on the social media platform formerly known as Twitter, X CEO Elon Musk has announced a series of measures aimed at combating bots and trolls. Musk hinted at potential legal consequences for offenders as X appointed new executives to oversee safety and brand protection efforts.

The Reserve Bank of India (RBI) has unveiled a significant initiative that will revolutionize banking transactions by enabling cash deposits through the popular Unified Payments Interface (UPI). This announcement was made during the first bi-monthly monetary policy of the current financial year by RBI Governor Shaktikanta Das.

n a strategic move, Prestige Group, a listed real estate firm, has acquired 21 acres of land in Whitefield, Bengaluru, for ₹450 crore. The company announced its plans to develop a sprawling residential project encompassing 4 million square feet of developable area, comprising approximately 1800 apartments, according to a regulatory filing.

Tesla has initiated the production of right-hand drive cars at its German plant for export to India, marking a significant step towards its potential entry into one of the world's largest car markets. This move comes as Tesla continues to focus on expanding its global presence and tapping into new markets.

India has seen a notable surge in wealth this year, with 200 Indians securing spots on the Forbes list of the world's billionaires, up from 169 in 2023. This surge reflects the growing prosperity and entrepreneurial spirit in the country, especially among women who are making significant strides in various industries.

In a humorous turn of events, an electric vehicle (EV) owner's excuse for being late to the office has caught the internet's attention. Pratik Rai, an EV owner, shared on social media that his scooter's update process caused him to miss work, leading to a wave of reactions and amusement online.

Sachin Bansal, co-founder of Flipkart, has been making waves in the fintech sector with his startup Navi, founded in 2018 shortly after his departure from Flipkart. In a recent interview, Bansal shed light on the intense work culture at Navi, where he dedicates 80 to 100 hours per week, including weekends, to the company's growth.

India is set to witness a major push towards electric mobility with the introduction of a new ₹500 crore scheme aimed at promoting the adoption of electric vehicles (EVs) across the country. The scheme, known as the Electric Mobility Promotion Scheme 2024 (EMPS 2024), is part of the government's efforts to accelerate the transition towards cleaner and greener transportation options.

Edtech giant Byju's has reportedly initiated layoffs via phone calls, opting to release employees without putting them through a performance improvement plan (PIP) or requiring them to serve a notice period. The company's decision has raised concerns and drawn attention to the impact on affected staff.