Business News

In a startling revelation, one of the world’s largest financial institutions, Citigroup, once mistakenly credited a whopping $81 trillion to a single account due to a data processing error. This jaw-dropping incident highlights the potential vulnerabilities that exist even within the most robust banking systems, raising serious concerns about the reliability of global financial infrastructure….

New Delhi, April 12, 2025 — Starting April 1, 2025, dining at restaurants within hotels may become more expensive for many patrons. The Central Board of Indirect Taxes and Customs (CBIC) has implemented a revised Goods and Services Tax (GST) structure, significantly impacting how restaurant services within hotels are taxed.​ Key Changes in GST Rates…

China’s financial markets have been rattled by an unprecedented downturn, with the Hong Kong Hang Seng Index suffering a catastrophic single-day drop of 13.2%. This marks the steepest decline since the 1997 Asian financial crisis and rivals the market chaos witnessed during the 2008 global economic collapse. The sharp fall sent shockwaves through regional markets…

​On April 7, 2025, Indian financial markets experienced a significant downturn, with the BSE Sensex plummeting by over 3,000 points amid escalating global trade tensions and fears of a U.S. recession. This sharp decline mirrors a broader sell-off across Asian markets, reflecting heightened investor anxiety and uncertainty.​ Market Performance The BSE Sensex, India’s benchmark stock…

India is currently grappling with a significant shortfall of skilled drivers, a concern highlighted by Union Minister for Road Transport and Highways, Nitin Gadkari. Concurrently, China is making substantial strides in integrating artificial intelligence (AI) into its transportation sector, notably through the deployment of autonomous vehicles.​ India’s Driver Deficit: A Pressing Concern On April 3,…

​Ratan Tata, the esteemed former chairman of the Tata Group, who passed away in October 2024, demonstrated his profound gratitude and generosity towards his personal and professional staff through his meticulously planned will. His estate distribution reflects his deep appreciation for those who served him diligently over the years.​ Generous Allocations to Household Staff Tata’s…

​In a landmark achievement, India’s JSW Steel Ltd. has ascended to become the world’s most valuable steelmaker, surpassing industry giants such as ArcelorMittal and Nucor Corp. As of March 25, 2025, JSW Steel’s market capitalization reached $30.31 billion, outpacing its closest competitors by margins ranging from $91 million to $3 billion. This milestone reflects JSW…

The luxury automotive landscape in India is experiencing an unprecedented surge, with Italian supercar manufacturer Lamborghini witnessing record-breaking demand. The company’s latest hybrid supercar, the Revuelto, has been entirely booked until 2026, reflecting the growing appetite among India’s affluent buyers for high-end vehicles. Priced at ₹8.89 crore (ex-showroom), the Revuelto stands as Lamborghini’s most expensive…

New Delhi, March 22, 2025 – Tata Group companies have emerged as major global suppliers to Tesla, strengthening their presence in the electric vehicle (EV) supply chain. As Tesla continues discussions with Indian authorities regarding local manufacturing incentives, Tata’s role in providing components is expected to grow significantly if the EV giant establishes operations in…

​Urban Company, a prominent home services platform, has ventured into the quick commerce sector with the introduction of “Insta Maids,” a service that promises professional domestic assistance within 15 minutes. Launched as a pilot initiative in select areas of Mumbai on March 13, 2025, this service aims to address the growing demand for on-demand household…