business news

ITC Limited has been directed to compensate a customer with Rs 1 lakh after a packet of Sunfeast Marie Light biscuits contained one less biscuit than advertised. The consumer filed a complaint, highlighting the discrepancy and alleging unfair trade practices.

Tata Group's consumer unit is in discussions to purchase over 51% of Indian snack maker Haldiram's, a move that would put it in direct competition with Pepsi and Mukesh Ambani's Reliance Retail. However, Tata is reportedly hesitant about the $10 billion valuation sought by Haldiram's.

InterGlobe Aviation Ltd, the parent company of IndiGo, has received board approval to establish a financial services subsidiary at Gujarat International Finance Tec-City (GIFT City), with an initial investment of INR 30 crore. This move follows Air India's recent establishment of a leasing unit at IFSC Gift City, aligning with India's efforts to become a global aircraft leasing hub.

Hero MotoCorp's board has approved a substantial INR 550 crore investment in Ather Energy, an electric two-wheeler manufacturer. Ather Energy is gearing up for a pre-IPO funding round, with industry sources suggesting plans for an IPO by 2024, contingent on profitability and market conditions.

Billionaire Igor Kolomoisky's two-month detention in Ukraine on fraud and money laundering charges underscores Kyiv's commitment to tackling corruption amid the Russian invasion. The court's decision also highlights Ukraine's dedication to the rule of law and transparency.

Renowned investor Rajiv Jain's GQG Partners has purchased a 2.58% stake in IDFC First Bank for approximately Rs 1,527 crore, instilling optimism in the bank's prospects.

In the ever-evolving landscape of digital payments in India, innovative solutions are continuously emerging. Recently, a heartwarming and inventive video made its rounds on social media, leaving the internet both surprised and delighted. The video showcases a resourceful vegetable vendor's unique approach to accepting digital payments, highlighting the remarkable transformation of everyday transactions in the digital age.

Prime Minister Modi congratulates Reserve Bank of India Governor Shaktikanta Das for achieving the top ranking in the Global Finance Central Banker Report Cards 2023, showcasing India's financial leadership on the global stage.

The cost of domestic LPG cylinders has been reduced by Rs 200, benefiting millions of households and Ujjwala Yojana beneficiaries. Prime Minister Modi's Raksha Bandhan gift provides financial relief amid high inflation and upcoming elections.

Elon Musk's X introduces a new job listing feature on the microblogging platform, exclusively available for verified organizations. The feature aims to connect organizations with potential candidates and offers an avenue for showcasing critical job roles.