Management - general

IndiGo announces removal of fuel charges amid ATF price drop

04 Jan 2024

IndiGo, one of India’s leading airlines, announced on Thursday, 4 January 2024, that it would eliminate fuel charges on all domestic and international flights.

Disney secures support from activist investor ValueAct Capital

04 Jan 2024

In a significant development, The Walt Disney Company has garnered support from ValueAct Capital, a notable activist hedge fund. This backing comes amid board challenges posed by billionaire financier Nelson Peltz.

SpaceX faces allegations of wrongful employee firings

04 Jan 2024

SpaceX, the renowned rocket and satellite manufacturer, has come under scrutiny as a U.S. labor agency accuses the company of unlawfully terminating eight employees.

Akasa Air to close a deal for 150 Boeing 737 MAX planes in an effort to expand its fleet

03 Jan 2024

In a move to capitalize on the surging demand in India’s rapidly growing aviation market, budget carrier Akasa Air is reportedly finalizing an order for approximately 150 Boeing 737 MAX narrow-body planes.

Bitcoin surges beyond $45,000, setting a new two-year high

02 Jan 2024

In a remarkable milestone, Bitcoin has surged past the $45,000 mark, marking its highest value in nearly two years.

Pratt & Whitney engines ground Go First airline, Wadia alleges Rs 10,000 crore damages

28 Dec 2023

Blaming Pratt & Whitney (P&W) engines for the grounding of Go First airline, Wadia Group Chairman Nusli Wadia asserted that the U.S. company has inflicted damages exceeding Rs 10,000 crore on the airline.

Apple appeals an import ban on watches amid a patent dispute

27 Dec 2023

In an attempt to overturn a ban on the import of its watches, Apple has lodged an appeal following a complaint from medical monitoring technology company Masimo.

Hyperloop One ceases operations after failing to secure contracts

22 Dec 2023

In a significant development, Hyperloop One, the high-speed freight transportation company based in Los Angeles, U.S., is set to shut down.

Zomato denies an acquisition offer for Shiprocket amidst market speculation

22 Dec 2023

In response to recent reports suggesting a potential $2 billion acquisition offer for delivery platform Shiprocket, Zomato has strongly denied the claims.

Zomato explores a $2 billion acquisition of Shiprocket

21 Dec 2023

In a strategic move, Zomato, the renowned food delivery platform spearheaded by Deepinder Goyal, is eyeing the acquisition of Shiprocket, a prominent e-commerce shipping startup.

Toyota announces a global recall of 1.12 million vehicles due to airbag concerns

21 Dec 2023

In a press statement released on Wednesday, 20 December 2023, Toyota Motors declared its decision to recall 1.12 million vehicles globally, citing potential issues with airbag deployment linked to a short circuit in a sensor.

Go Airlines India faces imminent closure as rescue efforts falter

15 Dec 2023

In a dire turn of events, Go Airlines India Ltd., founded by billionaire Nusli Wadia’s Wadia Group, teeters on the verge of a permanent shutdown.

Disney gears up for an an intense boardroom clash as activist Peltz eyes two seats

15 Dec 2023

In a significant development set to impact the entertainment giant Walt Disney, activist investor Nelson Peltz has nominated himself and former Disney Chief Financial Officer James “Jay” Rasulo for seats on the company’s board.

Tesla recalls 2 million U.S. vehicles due to Autopilot safety concerns

14 Dec 2023

In response to safety concerns raised by a federal safety regulator, Elon Musk’s Tesla is recalling more than 2 million vehicles in the United States.

Tesla recalls 2 million U.S. vehicles due to Autopilot safety concerns

14 Dec 2023

In response to safety concerns raised by a federal safety regulator, Elon Musk’s Tesla is recalling more than 2 million vehicles in the United States.

Oil marketing companies to set up 7,432 EV charging stations

14 Dec 2023

The ministry of heavy industries has sanctioned Rs800 crore as capital subsidy to the three public sector oil marketing companies (OMCs) for setting up 7,432 electric vehicle charging stations under Phase II of the FAME scheme.

Oil marketing companies to set up 7,432 EV charging stations

14 Dec 2023

The ministry of heavy industries has sanctioned Rs800 crore as capital subsidy to the three public sector oil marketing companies (OMCs) for setting up 7,432 electric vehicle charging stations under Phase II of the FAME scheme.

Hindalco to invest Rs 800 crore in Odisha for battery foil unit

12 Dec 2023

Hindalco Industries, a company under the Aditya Birla Group, is to invest Rs 800 crore in expanding its manufacturing capacity of high-quality aluminium foil.

Omidyar Network announces its exit from the Indian market after a decade of operations

12 Dec 2023

In a significant development, impact investment firm Omidyar Network India, operating with a unique dual-chequebook investment model, is set to exit the Indian market after a decade of operations.

700 Washington Post employees walk out over contract and layoff concerns

07 Dec 2023

In an unprecedented move, approximately 700 employees of The Washington Post walked off the job for 24 hours on Thursday, 7 December, 2023.

eBay launches a 'seller guide' to boost Indian exporters in international e-commerce

06 Dec 2023

In a strategic move to enhance cross-border e-commerce opportunities for Indian sellers, eBay, the global commercial giant, has introduced its inaugural ‘Seller Guide.’

Meta CEO Zuckerberg sells over 560,000 shares amid stock surge

05 Dec 2023

Meta’s Chief Executive, Mark Zuckerberg, has offloaded a significant number of shares despite the social media giant’s stock surging to nearly a two-year peak in November 2023.

Alaska Air Group Inc. acquires Hawaiian Holdings Inc. in a $1.9 billion deal

04 Dec 2023

Alaska Air Group Inc. has announced its acquisition of Hawaiian Holdings Inc. for a substantial $1.9 billion, encompassing existing debt.

Walmart joins brands abandoning Elon Musk's social media platform X

02 Dec 2023

In an announcement made on Friday, 1 December 2023, Walmart confirmed that it is no longer advertising on the social media platform X

UltraTech Cement set to acquire Kesoram's cement business in a Rs 5,379-crore deal

01 Dec 2023

UltraTech Cement Ltd. announced on Thursday, 30 November 2023, its plans to acquire the cement business of Kesoram Industries Ltd. in a significant all-stock transaction valued at Rs 5,379 crore.