business news

In October, several significant changes are set to take place in the personal finance and administrative landscape of the country. These changes will have a direct impact on the lives of millions of people across India. Let's take a closer look at these transformations:

Fantasy sports platform Dream11 has approached the Bombay High Court to contest the retrospective imposition of 28% GST on bets placed on its platform. The company argues that the tax demand is unjust, citing past judgments that classified its services as games of skill rather than gambling.

The US Federal Trade Commission (FTC) has initiated a significant antitrust lawsuit against Amazon, joined by 17 state attorneys general, alleging that the online retail giant's actions have led to higher prices for consumers and stifled competition. This move is part of the ongoing effort to address the dominance of Big Tech companies in various aspects of the internet.

An FIR has been lodged against Mahindra Group's Chairman, Anand Mahindra, and 12 others in Uttar Pradesh following a complaint by a man who lost his son in a car accident. The complainant alleges that Mahindra and the company provided "false assurances" regarding the car's safety features, which reportedly failed to deploy during the accident, leading to his son's tragic demise.

Amazon is making a substantial foray into the AI sector with a multi-billion-dollar investment in Anthropic, a prominent player in AI development. This move intensifies the competition with industry giants like Microsoft, Google, and OpenAI, as Amazon seeks to enhance its AI capabilities and bolster its Alexa voice assistant.

India takes a monumental step towards sustainable transportation with the inauguration of its first green hydrogen fuel cell bus in Delhi. The initiative, led by Indian Oil, aims to conduct trials of 15 fuel cell buses powered by green hydrogen, representing a significant leap towards low-carbon mobility solutions.

Tata Motors continues its commitment to eco-friendly practices by opening a new registered vehicle scrapping facility (RVSF) in Surat, with the capacity to recycle 15,000 vehicles annually using environmentally-friendly processes.

Sharad Pawar, the Nationalist Congress Party (NCP) chief, and industrialist Gautam Adani joined forces to inaugurate India's first Lactoferrin Plant in Gujarat. The inauguration took place at a factory located in the village of Sanand in Ahmedabad.

Resson Aerospace Corporation, the Canada-based associate firm of Mahindra & Mahindra, has dissolved amid diplomatic tensions between the two countries. Speculations surround the timing of this move, though no official statement has been issued by Mahindra & Mahindra.

In a recent development, Tesla has unveiled plans to manufacture and sell battery storage systems in India. The company submitted a proposal to Indian officials, seeking incentives to establish a battery storage factory as part of its ongoing efforts to expand its presence in the country.