business news

In a surprising turn, US consumer prices experienced a notable increase, throwing a wrench into expectations of potential interest rate cuts by the Federal Reserve this month. According to data released by the Labor Department on Tuesday, the consumer price index (CPI) surged by 3.2 percent annually in February, marking a significant jump from the previous month's figures. Additionally, the CPI climbed by 0.4 percent in February alone.

The state cabinet of Maharashtra has given its preliminary nod to the acquisition of the Ghatkopar-Versova Mumbai Metro One, which is jointly owned by Reliance Infrastructure Limited (R-Infra) led by Anil Ambani and the Mumbai Metropolitan Region Development Authority (MMRDA). Anil Ambani's stake in the venture has been estimated at ₹4,000 crore.

Edtech giant Byju's has made the decision to shift its workforce to remote work, vacating all its office spaces across the country except for its headquarters in Bengaluru. With approximately 14,000 employees affected by this move, the company aims to navigate through its ongoing financial crisis.

In a bid to bolster connectivity to the upcoming Navi Mumbai International Airport (NMIA), the City and Industrial Development Corporation (CIDCO) has unveiled plans to extend the Navi Mumbai Metro (NMM) network with two new routes in the Navi Mumbai Airport Influence Notified Area (NAINA).

In a bold move targeting the video streaming landscape, Elon Musk, CEO of social media platform X, announced plans to launch a TV app aimed at Amazon and Samsung users. Set to debut next week, the app will offer long-form video content, marking a significant expansion of X's offerings.

Microsoft revealed on Friday that a Russian state-sponsored hacking group, known as Midnight Blizzard, is attempting to breach its systems once more, utilizing information pilfered from the tech giant's corporate emails in January.

The global wine industry is facing an unprecedented crisis as farmers worldwide are forced to destroy vineyards due to an oversupply of wine and plummeting demand. From Australia to Spain, and even renowned regions like Bordeaux, the wine industry is grappling with a fundamental shift in consumer preferences and economic challenges.

In commemoration of International Women's Day, the Air India group has rolled out a series of initiatives to celebrate and empower women within its ranks. The airline announced that a total of 15 all-women crew flights were operated across domestic and international routes on the occasion.

Indian Filter Coffee has secured an impressive position as the second-best coffee globally, according to a recent announcement by TasteAtlas, a renowned food and travel guide platform. The esteemed list, titled 'Top 38 Coffees In The World,' places Indian Filter Coffee in the spotlight, celebrating its rich flavor and unique brewing method.

In a significant move reflecting Southeast Asia's telecom landscape, Singapore Telecommunications (SingTel) announced the sale of a 0.8% stake in Bharti Airtel to U.S.-based investment firm GQG Partners for ₹5,850 crore. This transaction marks the latest in a series of efforts by Southeast Asia's largest telecom operator to streamline its capital, with total capital recycling reaching S$8 billion since its strategic reset in 2021.