business news

In a recent revelation by Info Edge founder Sanjeev Bikhchandani, the remarkable journey of CRED's Kunal Shah from humble beginnings to entrepreneurial success has captured widespread admiration and inspiration.

DBS Group Holdings Limited, Singapore's largest bank, faced a setback in its fourth-quarter profit, falling short of analyst predictions, amidst pressures on margins. The notable decline in profitability has led to significant adjustments in Chief Executive Officer Piyush Gupta's compensation, attributed to the digital banking disruptions experienced last year.

Prime Minister Narendra Modi hailed Goa's rich cultural tapestry and communal harmony during his visit to the state on Tuesday, describing it as a "perfect example of Ek Bharat, Shreshth Bharat". Addressing a gathering at the 'Viksit Bharat, Viksit Goa 2047' programme, Modi emphasized Goa's social diversity, where people from various communities and faiths coexist peacefully.

In a chilling demonstration of the capabilities of deepfake technology, a multinational company in Hong Kong has fallen prey to a sophisticated scam amounting to a staggering $25.6 million (over ₹200 crore). Hong Kong police have revealed that the perpetrators orchestrated the entire fraud through the ingenious manipulation of video conferencing, utilizing deepfake technology to create convincing replicas of company personnel.

In a significant move, the Telangana government has received approval from the state cabinet to transition from 'TS' to 'TG' as the official abbreviation on vehicle registration number plates, according to reports from PTI. Additionally, the cabinet has endorsed the adoption of 'Jaya Jaya He Telangana,' a renowned composition by poet Ande Sri, as the official state song.

In a recent report by the Wall Street Journal (WSJ), allegations have surfaced regarding Elon Musk's purported use of "illegal drugs," known to certain serving and former directors of Tesla and SpaceX. Despite concerns among some board members, the report claims that there has been no public action or initiation of an investigation into the matter. This revelation comes a month after the WSJ disclosed Musk's use of several drugs, some of which are banned in the US.

In a public meeting in Odisha, Prime Minister Narendra Modi introduced the concept of 'Modi’s Guarantees,' emphasizing their commitment to fulfilling assurances that work specifically for those who lack resources. Addressing the gathering, Modi highlighted the impact of the recent interim budget, presented by Union Finance Minister Nirmala Sitharaman, which aims to empower various segments of the population, including the poor, women, and youth.

In a strategic move, Amazon founder Jeff Bezos has disclosed plans to sell up to 50 million shares of Amazon.com Inc. over the next 12 months, leveraging the recent surge in the company's stock. The announcement comes on the heels of Amazon reporting its strongest online sales growth since the early stages of the pandemic, propelling its shares to a nearly 8% rally, reaching $172.

In a recent move, India has announced an increase in the windfall tax on petroleum crude, raising it to ₹3,200 per tonne from the previous ₹1,700, effective from Saturday. However, the windfall tax on diesel and aviation turbine fuel remains unchanged at zero, according to a statement released by the government on Friday.

FlixBus, the global leader in travel technology, has officially entered the Indian market, aiming to revolutionize intercity passenger transportation. With a network spanning 42 countries, FlixBus has now set its sights on India, the second-largest bus market globally. The company plans to provide convenient travel options at competitive prices while maintaining top-tier safety standards.