business news

The Enforcement Directorate (ED) conducted searches in Hyderabad at the residences of Brightcom Group's CEO and CFO, and the premises of the company's auditor, resulting in the seizure of cash, gold, and bullion. The company has been facing regulatory scrutiny, including fines by SEBI and recent actions against its executives.

In anticipation of the upcoming G20 Summit, Delhi prepares for temporary closures of government and private offices, schools, shops, and financial institutions from September 8 to September 10. The move aims to ensure smooth traffic flow and logistical arrangements during the prestigious global event.

Industrialist Ratan Tata's recent receipt of the prestigious 'Udyog Ratna' Award by the Maharashtra government has revived an old video in which he recounted an audacious encounter with a gangster during his initial days as the chairman of the Tata Group. The video, shared by the Columbia Business School on their YouTube channel almost a decade ago, showcases Tata's resolute decision not to yield to the intimidation tactics employed by the alleged gangster.

In a significant development, Apple's manufacturing partner, Foxconn Technology Group, has initiated the production of the much-anticipated iPhone 15 in Tamil Nadu, India. This move highlights Apple's ongoing efforts to diversify its manufacturing operations and reduce its reliance on China as its primary manufacturing base.

Adani Power's shares experienced a 4% drop before making a partial recovery following news of a potential 8% stake sale by promoters to a marquee global fund, while another Adani group firm also made stake acquisitions.

Retail inflation in India surged to a 15-month high of 7.44% in July, driven by a sharp increase in food prices, particularly vegetables. The Consumer Price Index (CPI) recorded a significant jump from 4.87% in June and 6.71% in July 2022, prompting concerns about the impact on consumers' purchasing power and the broader economy.

State Bank of India (SBI) takes the lead as the most profitable company in Q1 FY24, surpassing Reliance Industries, according to Capitaline Databases data.

Hero MotoCorp garners impressive response with over 25,000 bookings for the Harley-Davidson X440 motorcycle, marking a promising entry into the premium segment. Production is set to begin in September, with customer deliveries starting in October.

BYJU'S sends a legal notice to the founders of Aakash Educational Services, demanding the completion of a share swap following the acquisition. The dispute could have implications for both education technology companies involved.

An Air India flight from Udaipur to Delhi had to make an emergency landing after a passenger's cell phone exploded during takeoff, causing panic among passengers. The issue was promptly resolved, and the flight resumed its journey within an hour.