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Mukesh Ambani, Nita Ambani Meet US President-elect Donald Trump Ahead of His Swearing-In

January 21, 2025

Ahead of the swearing-in of Donald Trump as 47th US President, Reliance Industries Chairman Mukesh Ambani and Nita Ambani met him in Washington. Reliance Industries Chairman Mukesh Ambani & Founder and Chairperson of Reliance Foundation, Nita Ambani met US President-elect Donald J Trump ahead of his swearing-in ceremony in Washington. The oath-taking ceremony of Donald Trump as…

2 min

Business

Union Budget 2025: Space sector seeks PLI scheme, tax holidays, more use of satellite data

January 19, 2025

India’s space sector wants the government to spend more on space-based services, slash taxes to spur growth of start-ups and introduce a production-linked incentive scheme for them in the Union Budget. The sector has put forward its demand ahead of the Union Budget for 2025-26 on February 1. The Indian space economy is valued at 8.4 billion…

2 min

Business

Zomato’s ‘Veg-Only’ Mode Enabling Fee Receives Backlash: Here’s What Deepinder Goyal Said

January 18, 2025

Zomato CEO Deepinder Goyal expressed regret for imposing a Rs 2 charge for enabling veg mode, admitting that it was “stupid of us.” The enabling veg mode allows customers to browse from only vegetarian menu options, expediting their food browsing experience. In reaction to a LinkedIn post that condemned this unexpected fee and labelled it “Zomato’s latest…

6 min

Business

Film and TV Production In L.A. Was Already Plummeting. Wildfires May Hasten the Exodus

January 18, 2025

Surfacing from the ashes of Los Angeles’ raging wildfires is a plea from local entertainment industry folk gutted by the blazes: Bring production back to the region. “One of the biggest things you can do to help our city is to shoot here,” wrote prominent cinematographer and director Rachel Morrison (The Morning Show, The Mandalorian, The Fire…

3 min

Business

8th Pay Commission For Govt Employees, Pensioners Gets Cabinet Approval | Check Details

January 17, 2025

8th Pay Commission: The central government on Thursday approved the constitution of the 8th Central Pay Commission for government employees, which will submit its report by 2026. 8th Pay Commission: The Union Cabinet on Thursday approved the constitution of the 8th Central Pay Commission to review and recommend salary adjustments for over one crore central government employees…

2 min

Business

Hanging out at Starbucks will cost you as company reverses its open-door policy

January 14, 2025

If you want to hang out or use the restroom at Starbucks, you’re going to have to buy something. Starbucks on Monday said it was reversing a policy that invited everyone into its stores. A new code of conduct – which will be posted in all company-owned North American stores – also bans discrimination or harassment, consumption…

1 min

Business

‘I Love Staring At My Wife,’ Says Industrialist Anand Mahindra In Response To L&T Chairman’s 90-Hour Workweek Remark

January 12, 2025

Industrialist Anand Mahindra, while taking a dig at Larsen & Toubro’s (L&T) chairman SN Subrahmanyan’s 90-hour workweek’ remark, indicated that he has his priorities right and tends to focus more on the quality of work rather than on slogging for marathon hours. Speaking at the Viksit Bharat Young Leaders Dialogue 2025, the chairman of Mahindra Group was…

2 min

Business

Can One Earn Over Rs 60 Lakh By Doing Nothing? Shoji Morimoto’s Story Will Leave You Speechless

January 10, 2025

Loneliness is the new epidemic taking control of people’s happiness. Despite our close ones being just a tap away, we have grown distant from each other. While the majority of the population is suffering from it, one man in Japan is earning lakhs by taking advantage of people’s loneliness. Meet Morimoto, the man who earns money by…

5 min

Business

Who’s watching your credit? The push for transparency

January 5, 2025

In 2021, Kamal K*, a 39-year-old homoeopathic doctor, secured a housing loan of Rs 42 lakh from the State Bank of India’s main branch in Belagavi, Karnataka. Although the loan tenure was 15 years, he repaid the entire amount within three years. This marked his first loan with the bank. Two years later, Kamal planned to venture…

1 min

Business

Petrol price hiked 50 paise, diesel up 55 paise; 5th increase in 6 days

March 27, 2022

Petrol in Delhi will now cost Rs 99.11 per litre as against Rs 98.61 previously while diesel rates have gone up from Rs 89.87 per litre to Rs 90.42, according to a price notification of state fuel retailers. The prices of petrol and diesel on March 27 were once again hiked across the country. Petrol price on…

2 min

Business

Anil Ambani quits as RInfra, RPower director

March 26, 2022

Reliance Group Chairman Anil Ambani on Friday resigned as director of Reliance Power and Reliance Infrastructure, following markets regulator SEBI order restraining him from associating with any listed company. “Anil D Ambani, non-executive director, steps down from the board of Reliance Power in compliance of SEBI (Securities and Exchange Board of India) interim order,” Reliance Power said…

5 min

Business

7 Women Changemakers Who Are Breaking Sexual Health Taboos With Their Brands

March 26, 2022

A gender-equal world is still a utopian concept, and while the journey of change has taken flight, there’s still a long way to go. We may be in 2022, but any discourse around menstrual hygiene and sexual wellness is often suppressed by the age-old patriarchal norms. Fortunately, there are several entrepreneurs who are ‘breaking the bias’ and…

1 min

Business

How India’s exports crossed $400 billion for the first time ever

March 24, 2022

A massive rise in oil prices, across-the-board uptick in global prices of industrial commodities, a resurgent agri-sector and a higher share of manufactured goods are the main reasons behind India reaching the government’s annual export target. India has, for the first time, met the government’s annual export target since 2014. The country crossed the crucial threshold of…

1 min

Business

Govt to close toll booths within 60 km of national highways; I-T dept conducts raids at Hiranandani group; Russia bans Facebook, Instagram

March 23, 2022

The Income Tax department conducted raids at Hiranandani group at 24 locations across Chennai, Bengaluru, and Mumbai in the foreign assets case. In Lok Sabha, Union minister of road transport and highways Nitin Gadkari said that all toll collecting points which are within 60 kilometre of each other on the national highways will be closed in the…

2 min

Business

Moneycontrol Daily: Your Essential 7

March 22, 2022

A daily round-up of the most interesting articles to help jump-start the day. 1. Wall Street refocuses on risk as stocks dip, oil climbs US stocks on Monday gave back some of the previous week’s gains and oil prices climbed as the conflict in Ukraine continued. The Dow Jones Industrial Average fell 197.09 points, or 0.57 percent,…

1 min

Business

Automobile giants assure of flex engines in six months

March 21, 2022

Automobile giants Toyota, Maruti Suzuki and Hyundai have assured the government they will bring flex engine vehicles in six months, a move that can reduce India’s dependence on crude oil, shorten a huge import bill and also lessen emissions. Flex engines allow vehicles to run on 100 per cent petrol or 100 per cent ethanol. Union Minister for Road,…

1 min

Business

More trouble for crypto investors? Govt mulls GST rate for digital tokens

March 21, 2022

The government is working to bring cryptocurrencies under the ambit of Goods & Services Tax ( GST ) in order to tax the entire value of transactions. Crypto exchanges are currently taxed at 18% slab of GST on services provided to users under the financial services category. The government is working to bring cryptocurrencies under the ambit…

1 min

Business

Gautam Adani’s Wealth Jumps By $49 Billion, Higher Than Jeff Bezos, Elon Musk: Report

March 17, 2022

Gautam Adani added $49 billion to his wealth last year – more than the net addition of wealth by Elon Musk, Jeff Bezos and Bernard Arnault. New Delhi: Gautam Adani, India’s and Asia’s second-richest person, added $49 billion to his wealth last year – more than the net addition of wealth by the top three global billionaires…

1 min

Business

LIC IPO Likely to Come in May, Govt to Wait for Markets to Calm Down; Details Here

March 15, 2022

LIC IPO: With stock markets still facing headwinds amid uncertainties around the Ukraine conflict, the Centre has decided to put on hold its LIC IPO decision for some time and wait for the financial market to stabilize. The LIC IPO will now happen only in the next financial year, chances are that the issue may hit the market by mid-May if…

2 min

Business

Paytm Payments Bank Denies Report Claiming Data Leak To China, Says Fully Compliant With RBI Rules

March 15, 2022

Paytm Payments Bank: Paytm Payments Bank will be allowed to add new customers only after reviewing the central bank’s IT audit reports. New Delhi: After the RBI directed it to stop opening new accounts, Paytm Payments Bank said on Monday that a report claiming it had leaked data to Chinese firms was “false and sensationalist”. Paytm Payments Bank said…

1 min

Business

Gold in India trading at six-year high discounts

March 14, 2022

Physical gold dealers in India were forced to offer the steepest discount in six years last week to lure customers put off by a jump in domestic prices, with some people in top Asian hubs selling their bhttps://readselective.com/india/gold-in-india-tr…r-high-discounts/ullion to cash in on the rally. Earlier last week, global benchmark spot gold prices rose to near an all-time…

2 min

Business

China Locks Down iPhone, Tech Hub Shenzhen as Covid Cases Jump

March 14, 2022

China placed the 17.5 million residents of the southern city of Shenzhen into lockdown for at least a week, seeking to halt a growing Covid-19 outbreak with a move that could cause disruption and production delays in the key technology hub and port. The lockdown, which came after virus cases doubled nationwide to nearly 3,400, will be…

1 min

Business

Ashneer Grover bought Porsche, told BharatPe staff he spent $130K on dining table

March 11, 2022

Ashneer Grover, who quit fintech platform ‘BharatPe’ that he co-founded amid serious allegations of financial wrongdoings against him and his wife Madhuri Jain Grover, allegedly “purchased a Porsche” when he was at BharatPe and “told multiple people at the company that he spent $130,000 on a dining table”, media report said. According to Bloomberg, office frugality clashed with the…

1 min

Business

8 Missed Calls From Mom? Ola’s Marketing Stunt Draws Twitter’s Ire

March 11, 2022

Nothing could have prepared Ola customers for the alarming notification that popped up on their mobile phones yesterday. The cab aggregator company — in a move that has been widely criticised on social media — decided to share a notification reading “8 missed calls from mom” with several of their customers. Needless to say, the clickbait not…

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