business news

Vijay Shekhar Sharma, the founder of Paytm, India's leading digital payment platform, has made his first public statements since the Reserve Bank of India (RBI) took action against Paytm Payments Bank. Speaking at a financial technology conference in Tokyo, Sharma expressed confidence in overcoming regulatory setbacks and staging a comeback.

In a dramatic turn of events, William C. Morton, founder of a small Florida hedge fund, is facing potential jail time for his alleged role in the disappearance of $533 million connected to Indian tech firm Think & Learn Pvt, now famously known as Byju's.

India's economic outlook for 2024 has received a positive boost, with a Moody's report forecasting a notable increase in GDP growth from 6.1% to 6.8%. The report highlights the country's robust economic performance, particularly in the wake of strong data recorded in the December 2023 quarter.

New Delhi, March 5, 2024 - Following Google's decision to delist 10 Indian app developers from its Play Store for non-compliance with payments policy, a significant number of apps have been relisted after developers adhered to Google's guidelines. As of Monday morning, nine out of the ten affected developers had some of their apps restored on the Play Store, marking a partial resolution to the issue.

Sam Altman, the CEO of OpenAI, has recently seen his net worth surpass the $2 billion mark, but surprisingly, his artificial intelligence company has little to do with his wealth accumulation.

The Reserve Bank of India (RBI) has unveiled a significant drop in the circulation of ₹2000 denomination banknotes since their withdrawal announcement on May 19, 2023. According to recent data released by the central bank, the total value of ₹2000 banknotes in circulation has dwindled from ₹3.56 lakh crore to a mere ₹8,470 crore by February 29, 2024, marking a substantial decrease.

Hyderabad, India: A recent development has unfolded in the saga surrounding the discovery of a worm in a Cadbury chocolate packet, stirring renewed attention to food safety concerns. Around two weeks ago, a social media post detailing the unsettling find of a worm inside a Cadbury chocolate packet went viral, sparking widespread reactions and prompting assurances from authorities.

During his visit to India, Bill Gates, the co-founder of Microsoft and renowned philanthropist, took a delightful detour to savor a cup of tea prepared by none other than Dolly Chaiwala, a celebrated tea vendor with a significant presence on social media. The heartwarming encounter, captured in a viral video shared across various platforms, has captivated the attention of millions online.

Allegations of financial impropriety have surfaced against India's prominent edtech giant, Byju's, as investors claim the company siphoned off a staggering $533 million to an obscure hedge fund in the United States. In response, investors are seeking a stay on Byju's $200 million rights issue, labeling it as illegal and in violation of established laws.

In a historic moment for India-UK relations, Sunil Bharti Mittal, the esteemed Founder and Chairperson of Bharti Enterprises, has been bestowed with an Honorary Knighthood by King Charles III of the United Kingdom. This prestigious recognition marks Mittal as the first Indian recipient of such an honor from King Charles.