Business

02 Oct

Apple India asked to compensate Bengaluru man ₹1 lakh for ‘unfair trade practices’

Priyanka BhowmickBusiness, IndiaBusiness, india

A complaint of unfair trade practices was filed with the Bengaluru Urban District Consumer Disputes Redressal Commission at Shantinagar.The Bengaluru city consumer court has ordered Apple India and its authorized service center located in Indiranagar to pay Rs 1 lakh as compensation to their customers after suing them, The Times of India reported. The compensation includes the price he paid for the purchase of the iPhone and the distress caused to him by Apple India. In October 2021, Awez Khan bought the iPhone 13 which came with a one-year warranty. The phone's battery and speaker of the brand-new phone stopped…

02 Oct

India’s whisky named best among the World’s best whiskies

Priyanka BhowmickBUSINESS, Business, IndiaBusiness, india

A Made in India whiskey has been selected as the best whiskey brand in the world by Whiskeys of the World. Indri Diwali Collector's Edition 2023 received the 'Double Gold Best in Show' award at one of the world's largest whisky-tasting competitions, where more than 100 varieties of whiskey from around the world compete each year.The Whiskey of the World Awards takes place in rigorous blind tastings across various categories. A panel of some of the top tastemakers and influencers in the Alco-Bev industry announces one whiskey as the best whiskey in each class. Indian peated-class whiskey beat hundreds of…

29 Sep

Manish Malhotra to design Air India crew’s new outfit

Priyanka BhowmickBUSINESS, Entertainment, IndiaBusiness, Entertainment, india

Designer Manish Malhotra has called his partnership with Air India the start of a "journey of joy and collaboration" to create new uniforms for the airline's staff. Malhotra will design the new look for Air India's 10,000 flight crew, ground staff and security personnel. “It’s an absolute honour to collaborate with @AirIndia, our national flying ambassadors. Reimagining their uniforms is the onset of a journey of joy and collaboration, and I am excited to embark on it,” Malhotra wrote on Instagram. Air India on Thursday said it expects to roll out the new look for its uniformed staff by the…

28 Sep

Income Tax raids Bengaluru office of Lenovo

Priyanka BhowmickBUSINESS, IndiaBusiness, india

Indian income tax officials on Wednesday visited a factory of Chinese PC maker Lenovo in the union territory of Puducherry and an office in the city of Bengaluru as part of an investigation, two sources told Reuters. Officials inspected the laptops of Lenovo employees during the visit, a source said. They tried to contact Lenovo's senior management during and after the visit as part of the investigation, the person added. Lenovo, which confirmed the visit, said it was "cooperating with authorities and will provide all necessary assistance". "In all jurisdictions in which we do business, we strictly comply with all…

27 Sep

Mukesh Ambani’s children will not get salary as Reliance’s Board of Directors

Priyanka BhowmickBusiness, IndiaBusiness

Billionaire Mukesh Ambani's three children – Isha Ambani, Akash Ambani and Anant Ambani – will not get any salary as directors of Reliance Industries (RIL). A fee will be paid to attend their board and committee meetings in accordance with a resolution submitted by the company seeking shareholders' approval for their appointment to the board as non-executive directors. India's richest man Mukesh Ambani has been drawing zero salaries since FY21 and will continue to do the same for the next five years. “They shall be remunerated by way of remuneration for attending Board or Committee meetings or any other meetings…

25 Sep

Sanjeev Mantri joins ICICI Lombard General Insurance as MD & CEO

Priyanka BhowmickBUSINESS, Business, IndiaBusiness, india

Sanjeev Mantri has been appointed as the new Managing Director and Chief Executive Officer (CEO) of ICICI Lombard. Sanjeev Mantri, who is currently an executive director of ICICI Lombard General Insurance, will assume his new role from December 1, 2023 or from the date of IRDAI approval, whichever is later, for a period of five consecutive years. Minister joined ICICI Lombard in 2015 in the role of Executive Director. Earlier he was with ICICI Bank. The general insurer's latest move to appoint the minister as the company's MD and CEO follows the recent resignation of Bhargava Dasgupta as the company's…

25 Sep

Apple wants to make even more iPhones in India

Priyanka BhowmickBusiness, IndiaBusiness, india

According to a new PTI report based on government sources, Apple is expected to significantly increase its manufacturing operations in India fivefold over the next half-decade to around $40 billion, equivalent to Rs 3.32 lakh crore. A source within the government, who spoke on condition of anonymity, revealed that Apple had already passed the $7 billion production milestone in the previous fiscal year. “In the next 4-5 years, Apple plans to increase production in India to USD 40 billion. It crossed USD 7 billion in the last financial year,” the source told PTI. For those unfamiliar, Apple already manufactures iPhones…

23 Sep

Netizens accuse food aggregator of charging Rs 3 extra per order

Priyanka BhowmickBusiness, IndiaBusiness, india

Swiggy, a food delivery aggregator faced sudden allegations of overcharging its platform users when purchasing food from restaurants. The issue was flagged by multiple on the social media platform 'X' (formerly Twitter), seeing an explanation of what customers thought. Angry users of the platform Swiggy took to micro blogging platform X to flag that they were being overcharged for their food orders from restaurants through Swiggy. Customers have flagged that Swiggy is charging the nearest full number and adding an extra ₹3 to the order price. Deepak Shenoy, founder and CEO of Capital Mind, also shared a similar experience on…

22 Sep

DGCA suspends Air India’s flight safety chief over lapses discovered in inspection

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness, india

India's civil aviation regulator has suspended Air India's head of flight security for a month after a recent audit of the Tata Group-run airline found several deficiencies. The Directorate General of Civil Aviation (DGCA) conducted surveillance of the full-service carrier on July 25-26 in terms of internal audit, accident prevention work and availability of required technical manpower. As part of the audit, the regulator found that the accident prevention work carried out by the airline was deficient and that there was not the required number of technical staff under the flight safety manual and relevant civil aviation requirements. It was…

21 Sep

NVIDIA plans to train 50,000 Infosys employees to boost GenAI in enterprise

Priyanka BhowmickBusiness, IndiaBusiness, india

Infosys Ltd stock was trading nearly percent lower at Rs 1,481 in early trade on September 21, with the Indian IT services player extending losses for a third straight session after announcing a partnership with NVIDIA to develop generative AI tools for the business. Infosys plans to set up an NVIDIA Center of Excellence where 50,000 employees will be trained and certified on the American chip giant's AI technology, the company said in a September 20 press release. NVIDIA's AI enterprise ecosystem of models, tools, runtimes and GPU systems will be brought to Infosys' AI-first offering Topaz as part of…