Industry News

Walmart slashes 1,500 jobs in technology team amid reorganisation push

Walmart's plan will affect teams in its global operations, e-commerce fulfilment in US stores and its advertising business. It is the largest US private employer with about 1.6 million employees

60% resolution plans under IBC approved in last three years: IBBI data

IBBI data reveals 30,000 cases with defaults of Rs 13.8 trillion settled pre-admission under IBC till December 2024; creditor recovery at 32.8 per cent by March 2025

Fresh formal hiring up 2% in March after three-month decline: EPFO data

Pension fund gets more subscribers aged 18 to 25; share of women decreases

DoT once again knocks on finance ministry's door to repay MTNL debt

The total outstanding dues to the PSBs of MTNL is Rs 8,415.55 crore

Labour codes' rollout: Centre nudges states to get in driver's seat

Several states have now gone ahead proactively in amending their labour regulations to align with key industry demands

DoT launches FRI tool to flag risky mobile numbers in cyber frauds

DoT introduces Financial Fraud Risk Indicator under DIP to help banks and UPI platforms detect risky mobile numbers and prevent cyber frauds more proactively

Indians take to private labelling as value reigns supreme: Survey

Indian shoppers are prioritising value and price over brand loyalty as retailers expand private labels and enhance shelf visibility, says EY Future Consumer Index

CPP Investments' India portfolio hits $21.68 bn in net assets in 2025

CPP exits Delhivery, invests in NHIT, solar-wind assets, and packaging platform as its India exposure exceeds C$30 billion in net assets in 2025

SC urges Centre to set up permanent bodies for timely consumer redressal

The Supreme Court has asked the Centre to consider setting up a permanent forum for consumer disputes and file a report within three months, stressing the need for permanent staff

FY25 marks among the least ever spends on taking companies private

Acquisition amount at less than Rs 100 crore

CCPA issues notice to Uber over unethical 'advance tip' feature

Consumer Affairs Minister Prahlad Joshi says tipping must be voluntary and post-service; Uber's advance tip feature nudges users to pay before ride begins

Not given an opportunity to be heard, Celebi tells Delhi High Court

Turkish ground handler argues security clearance was revoked without notice, violating Rule 12 of Aircraft Security Rules; Centre to respond in court on May 22

Uber gets CCPA notice for asking users to tip in advance for quicker rides

Union Minister Pralhad Joshi slammed Uber's practice as unethical and exploitative, while the consumer protection body issued a notice to the cab aggregator over the move

CCPA likely to direct Zomato, Swiggy to revise cancellation, refund policy

The consumer watchdog took suo-motu cognisance of unfair practices in 2024 and is now likely to direct Zomato and Swiggy to revise refund and cancellation policies

TCS gets Rs 2,903 crore BSNL order for 4G rollout at 18,685 sites

BSNL places Rs 2,903 crore APO with TCS for planning and maintenance of 4G network; Tejas Networks to supply RAN equipment worth Rs 1,525 crore

Hypertension, anti allergy meds among 196 drugs flagged by CDSCO as NSQ

Monthly CDSCO alert identifies 196 batches of drugs as not of standard quality and flags one Deca-Durabolin injection as spurious and under investigation

India's Russian oil imports hit 10-month high on strong ESPO demand

More ESPO was offered to India as Chinese state-owned companies continue shunning sanctioned crudes and crude quotas are running tight for Chinese independent refiners, analysts said

India's Russian oil imports hit 10-month high on strong ESPO crude demand

India's strong demand has led to a rebound in spot premiums for ESPO cargoes delivered to China, the biggest buyer of the crude exported from the Far East port of Kozmino

Responsibility on food firms to pack micronutrients, says FSSAI chief

FSSAI on Tuesday directed all states and UTs to intensify inspections and launch special drives against the use of illegal fruit ripening agents, synthetic colours, and non-permitted wax

Freeing up 6GHz band to hurt 5G expansion, telecom operators may tell DoT

Telecom firms plan to oppose DoT's draft rules delicensing lower 6 GHz band, saying it will hamper 5G rollout and cost-effective mid-band spectrum deployment