business news

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.

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.