business

Omid Kordestani, former Twitter (now called X) executive chairman, has sued the social media platform, claiming that Musk refused to cash out more than $20 million worth of shares that belong to him, according to reports.

While the industry currently benefits from Hyderabad’s scientific talent pool, it is crucial to decentralise and create conducive environments for talented scientists across the state.

Blockchain intelligence company Arkham Intelligence has offered a bounty rewarding anyone who can reveal the identity of the hacker or uncover any information that helps in the return of the stolen funds.

The boom in Chennai’s market over the past three years poses strong competition to cities such as Bengaluru, Mumbai, Pune and Hyderabad.

Platforms such as Swiggy, BigBasket, and Zomato might start delivering liquor, beginning with low-alcohol beverages like beer, wine, and liqueurs.

Currently, the food delivery majors will charge the revised platform fees in Delhi, Mumbai and Bengaluru, with plans to levy them in other cities later.

During a meeting with economists, Prime Minister Narendra Modi emphasised the importance of focusing on creating jobs, boosting manufacturing, and supporting rural businesses. 

Modi invited Starmer for an early visit to India, and both leaders agreed to maintain regular communication.

“Congratulations @narendramodi on your victory in the world’s largest democratic elections! Looking forward to my companies doing exciting work in India,” Musk, 52, said in a post on X on Friday.

Amid turbulent bilateral ties, the Maldives will soon launch India’s RuPay service, which Economic Development Minister Mohamed Saeed said will "bolster the Maldivian Rufiyaa." Saeed also announced that both India and China have agreed to use local currencies in bilateral trade.

"In a groundbreaking move to redefine business travel in India, IndiGo, India's most preferred airline, announces the plan to launch a tailor-made business product for India’s busiest and business routes," IndiGo said in a statement.

The combined share of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura rose to 0.73 per cent of the total average asset under management (AAUM) of the mutual fund industry, which stood at Rs 55.01 lakh crore in March 2024.