business news

The United Forum of Bank Unions (UFBU) has announced a two-day nationwide strike on March 24 and 25 after discussions with the Indian Banks' Association (IBA) failed to yield any positive outcome. The strike is being called over several key demands, including adequate recruitment across all cadres, regularisation of temporary employees, and implementing a five-day workweek in the banking industry.

British airline Virgin Atlantic has teamed up with U.S.-based commuter aviation startup Joby Aviation to introduce air taxis for faster airport transfers in the UK. The service aims to connect London Heathrow Airport with Canary Wharf in just 11 minutes, significantly reducing travel time compared to traditional road transport. However, the UK government has yet to approve air taxis for commercial use.

Egg prices have skyrocketed across the United States, leading to a surprising rise in smuggling cases as Americans attempt to bring cheaper eggs from Mexico and Canada. According to the Wall Street Journal, U.S. Customs and Border Protection (CBP) data reveals a 36% increase in "egg interceptions" this year compared to last year.

A Blinkit user has raised concerns over discrepancies in the weight of products delivered by the quick commerce platform. The user, who shared their experience on Reddit, posted pictures as proof and claimed they received significantly less than the mentioned weight in their orders.

Union Railways Minister Ashwini Vaishnaw on Saturday inspected the Hyperloop test track at the Indian Institute of Technology (IIT) Madras in Chennai, where he explained how the futuristic transport system would function. The project, which aims to revolutionize travel with high-speed pods, has already seen 410 meters of track laid as part of its development.

German sportswear giant Puma has announced plans to cut 500 jobs globally and shut down unprofitable stores, citing weak consumer demand in the United States. The decision follows disappointing quarterly and annual forecasts, which led to a sharp 23% decline in Puma’s stock, according to a report by Reuters.

Scopely Inc., a gaming company backed by Saudi Arabia’s sovereign wealth fund, has acquired the gaming business of Niantic Inc. for $3.5 billion. The deal includes Niantic’s flagship mobile game, Pokémon Go, along with Pikmin Bloom and Monster Hunter, as well as companion apps and services like Campfire and Wayfarer.

Luxury electric vehicles (EVs) in Maharashtra will soon become more expensive after the state government announced a 6% motor vehicle tax on premium EVs priced above ₹30 lakh. This move, part of the state budget proposals for the financial year 2025-26, has raised concerns over potential sales declines in the segment.

The National Highways Logistics Management Limited (NHLML) and the Inland Waterways Authority of India (IWAI) signed a Memorandum of Understanding (MoU) on Tuesday to develop a Multi-Modal Logistics Park (MMLP) in Varanasi, Uttar Pradesh. The initiative is part of the government’s broader plan to enhance logistics efficiency and connectivity in the region.

Indian billionaire Shiv Nadar has gifted 47% of his shareholdings in HCL Corporation and Vama Delhi to his daughter, Roshni Nadar Malhotra, in a move aimed at ensuring smooth succession within the family business.