business news

A 2006 Amazon review of Tuscan milk by Jeff Bezos, the Amazon founder, has gone viral and garnered responses from various quarters, including a humorous reaction from Elon Musk. The unexpected resurgence of the review has captivated the online community.

The Reserve Bank of India (RBI) has fined L&T Finance ₹2.5 crore for failing to comply with specific provisions of non-banking financial company regulations. The penalty addresses deficiencies in compliance without making judgments on transaction validity.

Kotak Mahindra Bank has named Ashok Vaswani as its new CEO, succeeding founder Uday Kotak. Learn five essential facts about the seasoned banker and leader taking the helm of this private lender.

A committee under the Ministry of Electronics and Information Technology (MeitY) has proposed the establishment of the India Semiconductor Research Centre (ISRC) with an investment of $2.5-3 billion, aimed at bolstering India's position as a global semiconductor supplier. The ISRC will focus on semiconductor processes, advanced packaging, compound semiconductors, and Fabless design, with plans to commence operations in collaboration with industry and academia in 2024.

Social media platform X, formerly Twitter, is gearing up to introduce two new premium subscription tiers, one offering a lower cost with ads and the other providing an ad-free experience, as announced by owner Elon Musk.

: Google has reportedly laid off 40 to 45 workers in its news division, leading to concerns about the impact on the information ecosystem. The Alphabet Workers Union emphasizes its commitment to supporting affected employees.

Google has unveiled 'DigiKavach,' an initiative aimed at preventing financial frauds in India. This program, announced at the annual Google for India event, will use early threat detection and collaboration with industry stakeholders to safeguard users from evolving financial scams.

X, the social media platform formerly known as Twitter, is testing a new subscription model called 'Not A Bot' for basic features, charging users an annual fee of $1. The purpose is to tackle bots and spammers, with fees adjusted based on exchange rates. This test will initially be rolled out in New Zealand and the Philippines.

Tata Consultancy Services (TCS) has discontinued work from home for most of its employees, now requiring them to be in the office five days a week. TCS has also introduced a dress code to create a professional and cohesive work environment, particularly for those who joined during the pandemic.

The Adani Group has alleged that foreign entities, short-sellers, and certain sections of the media, both domestic and international, are launching attacks to undermine the group's market value. They claim these entities are executing a well-coordinated campaign, including strategically timed media reports, and recently cited a Financial Times story as an example.