business news

Ashok Leyland, a major commercial vehicle manufacturer, is set to build an electric bus manufacturing facility in Uttar Pradesh, with a potential location in Lucknow. The MoU was signed in the presence of Chief Minister Yogi Adityanath, aiming to commence operations within 18 months, initially producing 2,500 electric buses annually.

-commerce giant Amazon has announced that it will discontinue the acceptance of Rs. 2,000 banknotes for cash on delivery (COD) services starting September 19, 2023. This move comes as the deadline for exchanging or depositing Rs. 2,000 notes approaches its end.

BP CEO Bernard Looney steps down from his position due to incomplete disclosure of past relationships with colleagues. The oil and gas giant appoints an interim CEO while considering potential successors.

The Bombay Dyeing and Manufacturing Company (BDMC) has approved the sale of 22 acres of land in Worli, Mumbai, to Sumitomo Group's subsidiary, Goisu Realty, for Rs 5,200 crore. This strategic move aligns with BDMC's focus on realty business for future growth and profitability.

Badminton champion PV Sindhu's memorable encounter with Apple CEO Tim Cook at the Apple 2023 Event, where Apple introduced the iPhone 15 series, the new Apple Watch, and AirPods Pro with USB-C functionality.

Kempegowda International Airport in Bengaluru welcomes international flight operations at its Terminal 2, with Saudi Airlines' inaugural flight marking the occasion. The airport's expansion aims to meet growing demands for air travel in the region.

Walter Isaacson, author of the newly released biography on Elon Musk, sheds light on the billionaire's complex personality, describing him as having "multiple personalities" and occasionally exhibiting "demon-like" outbursts. The book, titled 'Elon Musk,' delves into Musk's tumultuous journey and explores his enigmatic character.

The ongoing Adani-Hindenburg controversy has taken a new twist as a petitioner involved in the case has alleged that the Securities and Exchange Board of India (SEBI) withheld crucial information from the Supreme Court and failed to act promptly on Directorate of Revenue Intelligence (DRI) alerts related to alleged stock manipulation by Adani companies.

A job applicant's Reddit post about receiving an Amazon gift card along with a rejection letter from a company called Secret Sushi has garnered attention and positive reactions. Reddit users appreciate the company's thoughtful gesture, and the post has received over 2,000 upvotes and numerous comments, with many expressing admiration for the company's considerate approach to rejection.

An Air China flight from Chengdu to Singapore had to make an emergency landing after its engine caught fire, injuring nine passengers. The incident prompted a brief closure of Changi Airport's runway, and investigations are underway to determine the cause.