business news

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.

In response to the rising number of fraud cases and misleading financial advice given by so-called "finfluencers" on social media, the Securities and Exchange Board of India (Sebi) has announced its intention to implement measures to curb the promotion of the "crorepati dream" on digital platforms.

Toyota is set to introduce flex-fuel vehicles in the Indian market, with the upcoming launch of the Toyota Camry equipped with a 100% ethanol-powered engine. The announcement was made by Nitin Gadkari, the Minister for Road Transport and Highways, during a recent event held in Nagpur, highlighting the country's shift towards vehicles running on 100% ethanol.

Jabalpur, Madhya Pradesh: In a major development, the Central Bureau of Investigation (CBI) conducted raids on the offices and residences of CGST (Central Goods and Services Tax) officials in Jabalpur, leading to the arrest of three officers, including a GST Superintendent, on Wednesday. Later in the evening, two additional CGST officers, who were attempting to evade arrest, were apprehended.