Business
Markets, economy, and companies
Aditya Birla Group proposes ₹12,000 crore investment for Kansariguda alumina refinery expansion
The company, which already has a refinery and two smelter plants in Odisha, has been implementing a 1 MTPA capacity greenfield refinery project at Kansariguda at an investment of ₹8,000 crore through Hindalco Industries
Government intervenes as shipping shocks expose container vulnerability
The Indian government has launched a ₹10,000 crore container manufacturing scheme to address vulnerabilities in the global shipping supply chain. The initiative recently marked its first major milestone with the unveiling of a domestically produced export-import container for Maersk.
El-Nino, below normal monsoon pose risk for growth, inflation outlook in FY27: HDFC Bank MD
HDFC Bank Managing Director Sashidhar Jagdishan has cautioned that El-Nino patterns and below-normal monsoon conditions could pressure India's economic outlook for FY27. These climatic factors are identified as significant risks alongside global geopolitical tensions and market volatility.
FSSAI issues notices to Swiggy Instamart for allegedly delivering spoiled, expired food products
The Food Safety and Standards Authority of India has issued formal notices to Swiggy Instamart following multiple consumer complaints. These reports allege that the quick-commerce platform has been delivering food items that are expired, spoiled, or otherwise unsafe for consumption.
Markets rally for second day; Sensex jumps over 800 points
The Indian stock market recorded a second consecutive session of gains as the BSE Sensex climbed over 800 points on Tuesday. This upward movement reflects a recovery in investor sentiment following recent volatility in the domestic indices.
Bill Gates' daughter's startup Phia investigated for claiming commissions from online sales it didn't generate: Report
Phia, a startup founded by Bill Gates' daughter Jennifer Gates, is under investigation following reports of improper commission claims from online sales. The company has acknowledged a technical error and stated that corrective measures have already been implemented to resolve the issue.
DMart Q1 results: Higher costs, slower mature-store growth weigh on margins
Avenue Supermarts, the operator of DMart, reported margin pressure in the first quarter due to rising operational costs and stagnant growth in mature store locations. The retail giant is facing increased competition from quick commerce platforms in major urban hubs, prompting a strategic shift towar
Meta to discontinue controversial AI feature following privacy concerns, Hollywood's SAG-AFTRA union welcomes move
Meta has announced the discontinuation of a new generative AI tool that allowed users to create images based on public Instagram accounts. The decision follows intense scrutiny from privacy advocates and the SAG-AFTRA labor union regarding the unauthorized use of personal likenesses.
What Apple accuses OpenAI of in explosive trade secret lawsuit? A laptop ‘not returned’, secret interviews, & more
Apple has filed a major lawsuit against OpenAI, alleging that the artificial intelligence firm engaged in a systematic effort to misappropriate trade secrets through aggressive recruitment. The tech giant claims that former employees were encouraged to provide proprietary information as part of thei
Chairman's exit a 'challenging event' that raised governance questions: HDFC Bank CEO
HDFC Bank CEO Sashidhar Jagdishan addressed the departure of the former chairman, describing it as a significant event that prompted a formal review of governance standards. The bank maintains that internal investigations have since cleared the institution of any alleged procedural misconduct.