business news

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.

In a significant move indicative of cross-sector investment dynamics, Rakesh Gangwal, the prominent figure behind India's leading airline, Indigo Airlines, has injected ₹165 crore into Zetwerk, a burgeoning unicorn startup. Zetwerk, celebrated for its prowess in the manufacturing sector, disclosed this strategic investment on Thursday, marking the final leg of its ongoing funding round. The infusion from Gangwal has stamped the company with a formidable valuation of ₹23,157 crore, highlighting the confidence of investors in its trajectory.

In response to recent regulatory constraints imposed by the Reserve Bank of India (RBI) on IIFL Finance, shareholder Fairfax India has stepped in to provide significant liquidity support. The move comes shortly after the RBI barred IIFL Finance from disbursing gold loans, citing supervisory concerns.

In a significant development for the aviation industry, the Directorate General of Civil Aviation (DGCA) has awarded the Air Operator's Certificate (AOC) to the newly established airline, Fly91. Co-founded by Manoj Chako, a former senior executive of Kingfisher Airlines, the airline, operating under the brand name FLY91, is poised to make its mark in the Indian aviation sector.