Tata Trusts reappoints Venu Srinivasan ‘for life’, focus shifts to Mehli Mistry| Business News

Tata Trusts has unanimously reappointed Venu Srinavasan as a “trustee for life”. The focus now shifts to the reappointment of Mehli Mistry, amid reports of internal strife within the organisation. Tata Trusts holds a 66% stake in Tata Sons Pvt. Ltd.—the holding company of the salt-to-software conglomerate that includes 30 listed companies and 400 entities. […]

Reliance grabs Middle East crude amid US scrutiny of India’s Russian oil imports| Business News

Reliance Industries Ltd. bought middle-east crudes last week and may place more orders, in a sign that US pressure against India’s Russian oil imports may be starting to impact its procurement patterns. Reliance Industries, which operates the world’s largest refinery at Gujarat’s Jamnagar bought at least 2.5 million barrels of Middle Eastern crude oil last […]

Sensex, Nifty set to begin Samvat 2082 on positive note| Business News

The National Stock Exchange building in Bandra-Kurla Complex, Mumbai. India’s stock markets will open for a special one-hour Muhurat Trading session today, marking the beginning of Samvat 2025. For the first time since 1957, the session will be held in the afternoon—1:45 pm to 2:45 pm—instead of the traditional evening slot. The Muhurat Trading is […]

Ola Group witnesses second case of death by suicide within six months| Business News

Ola Group has witnessed by a second case of death by suicide in less than six months, this time involving its electric two-wheeler unit. Bhavish Aggarwal, founder of Ola Group and chairman and managing director or Ola Electric. (Reuters) The Bengaluru police has registered a case against Ola Electric Mobility Ltd.’s founder Bhavish Aggarwal and […]

Bengaluru Business Corridor: Landowners demand fair compensation, reject 35% land return clause

Bengaluru’s long-delayed Peripheral Ring Road (PRR) project has sparked new outrage among landowners after the government issued a revised order on October 17, laying out a fresh compensation and development framework. The ₹27,000-crore project, now renamed the Bengaluru Business Corridor (BBC), will span 2,560 acres across East, North, and South Bengaluru. It will be implemented […]

Amazon identifies potential root cause for AWS outage, sees ‘some signs of recovery’| Business News

Amazon.com Inc. on Monday said it has identified the root cause for the AWS outage that’s “taken out half the internet”, and now seeing “significant signs of recovery”. Global services or features that rely on US-EAST-1 endpoints may be experiencing issues due to the AWS outage, Amazon says. (Reuters) “The issue appears to be related […]

AWS outage takes down Snapchat, Robinhood, Paypal — full list of apps affected| Business News

Amazon.com Inc. on Monday said Amazon Web Services (AWS) was hit by an outage, disrupting scores of apps and websites using its cloud service network. Complaints of an AWS outage began spiking just after 7:30 am London time, according to Downdetector, with data showing thousands of user reports. Amazon.com, Prime Video and Alexa were all […]