business news

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.

Apple's CEO, Tim Cook, reassured investors about the tech giant's commitment to artificial intelligence (AI) innovation, despite a dip in China iPhone sales. While the company reported a slight increase in overall revenue for the last quarter of 2023, concerns surrounding the Chinese market led to a more than 3 percent drop in Apple's shares in after-hours trading.

In a groundbreaking move, the Enforcement Directorate (ED) arrested Hemant Soren, former Jharkhand Chief Minister, under the Prevention of Money Laundering Act (PMLA). This arrest follows a complex operation by the federal agency, attempting to apprehend the Jharkhand Mukti Morcha (JMM) leader in Delhi. Despite teams being deployed at his residence and the airport, Soren managed to evade authorities and reach Ranchi by road on Tuesday. The ED alleges that Soren is a key beneficiary in an alleged land scam in Ranchi, where a network of brokers and businessmen falsified records in registrar offices to create fake deeds of landed parcels, subsequently selling them.

In a dramatic turn of events at the Delhi airport, frustrated passengers voiced their anger against domestic carrier IndiGo after their flight to Jharkhand's Deoghar was allegedly cancelled. A video posted by news agency ANI captured the passengers shouting slogans, demanding the cessation of flight cancellations.

In a major development, film producer Boney Kapoor and developer Ashish Bhutani, winners of the bid to develop the Yeida Film City project, have presented a detailed project report (DPR) to the Yamuna Expressway Industrial Development Authority (Yeida). The ambitious project, set to be built over the next three years, aims to provide comprehensive facilities to the film industry, ranging from accommodation for entire film crews to entertainment zones, a golf course, commercial and shopping areas, and more, all conveniently located under one roof.

Jaipur, India: Prime Minister Narendra Modi and French President Emmanuel Macron engaged in crucial talks on Thursday in Jaipur, aiming to strengthen bilateral ties across defense, security, and business sectors. Macron, who received a red carpet reception in the city, is set to be the chief guest at India's 75th Republic Day celebrations in New Delhi on Friday.

As Delhi's average air quality index (AQI) breached the 400-mark on Wednesday, the Central Pollution Control Board (CPCB) sounded alarms, prompting the Centre to deliberate on invoking Stage 3 of the Graded Response Action Plan (GRAP) to curb the escalating pollution levels in the national capital.