business news

Mukesh Ambani, Chairman of Reliance Industries, lauded Shloka Mehta, daughter-in-law of the Ambani family, during his address at the Gems and Jewellery Exports Promotion event in Mumbai. The event, attended by industry leaders and dignitaries including Maharashtra Governor Ramesh Bais, showcased the achievements of the gems and jewellery sector and discussed its future prospects.

In a recent exchange on social media platform X, Anand Mahindra, the Chairperson of Mahindra and Mahindra, shared his insights on the importance of recognizing manufacturing heroes. This discussion was sparked by Elon Musk's post highlighting the lack of representation of manufacturing in popular culture compared to the focus on lone inventors.

A group of American professionals has accused Indian tech giant Tata Consultancy Services (TCS) of terminating their employment and replacing them with Indian workers on H-1B visas. The allegations, part of an ongoing debate about skilled foreign workers in the US, highlight concerns over the fairness and impact of the H-1B visa program.

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.