business news

A Bengaluru resident secured ₹1 Lakh in compensation from Apple India and an authorized service center after filing a complaint of unfair trade practices. The dispute arose when issues persisted with his iPhone 13 despite repairs, leading to a legal battle.

Dell, a US technology giant, is considering fresh investments in its Bengaluru research and development center and seeks support from the Karnataka government to navigate import restrictions on Special Economic Zone (SEZ) operations. Meanwhile, semiconductor maker Global Foundries also expresses interest in expanding its presence in Bengaluru.

Veteran industrialist AM Naik formally steps down as Non-Executive Chairman of Larsen & Toubro (L&T), passing on the reins of the $23 billion conglomerate to S N Subrahmanyan. Naik, 81, will focus on IT companies and philanthropic initiatives, leaving behind a legacy of six decades at L&T.

British luxury carmaker Aston Martin aims to capitalize on the anticipated growth of high-net-worth individuals in India, with plans to double its presence in the country over the next five years. The company's expansion strategy includes introducing electric vehicles (EVs), renewing its sports car lineup, and launching hybrid supercars and SUVs.

As the US government faces a potential shutdown, issues surrounding student loans and the well-being of low-income Americans come into focus. Political disagreements over funding for federal agencies could impact federal employees, nutrition assistance programs, and air travel.

The Reserve Bank of India (RBI) reiterates that September 30, 2023, is the final day for exchanging ₹2,000 denomination banknotes, after which they will lose their value.

Tata Consultancy Services (TCS) is discontinuing hybrid work arrangements and asking employees to return to the office five days a week starting October 1, marking a significant shift in its remote work policy.

Nazara Technologies, a prominent gaming and sports media company, receives a tax demand notice of Rs 2.83 crore from the Director General of GST Intelligence, Mumbai, unrelated to the ongoing issue of retrospective taxation in India's gaming sector.

India is set to introduce 50-year bonds for the first time in response to increasing demand from insurance and pension funds, diversifying its debt offerings and extending its yield curve. This move aligns with the changing landscape of India's sovereign debt market and aims to reduce the government's reliance on bank purchases for funding record borrowings.

Procter & Gamble India (P&G India) unveils the 'P&G Supply Chain Catalyst Fund,' a Rs 300 crore initiative to collaborate with innovators and startups, emphasizing agility and resilience in the supply chain while aligning with the country's Gati Shakti initiative.