Uber to Pay $8.5M in Driver Sex Assault Trial
A US jury has ordered Uber to pay $8.5 million in damages to a woman who was sexually assaulted by a driver, marking a significant legal precedent for ride-hailing safety accountability.
Category : Corporate News
Ellison Loses $50B as Oracle Stock Falls on AI Fears
Oracle cofounder Larry Ellison's fortune dropped by $50 billion in under 40 days, hitting $199 billion. The decline follows a 5% stock slump triggered by Anthropic's AI tools threatening software demand.
Silver Falls 6% on MCX: Dollar, Tech Rout Drive Decline
Silver rates dropped 6% on MCX to ₹2,29,187 per kg, marking a second consecutive session of losses due to a stronger US dollar and global tech stock selloff. Weekly decline nears 16%.
Walmart Hikes Pharmacy Pay to $42/Hour for 3,000 Employees
Walmart elevates 3,000 pharmacy technicians to team lead roles, raising hourly pay from $22 to $28, with potential earnings up to $42. The move aims to strengthen local healthcare teams across 4,600 stores.
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Amazon Closes Fresh Stores, Thousands of Jobs Lost
Amazon announces closure of its Amazon Fresh supermarket chain, affecting thousands of employees. The company offers severance packages and internal transfer options to affected workers.
TII to Invest Rs 500-750 Cr More in EV Subsidiary TI Clean Mobility
Murugappa Group's Tube Investments of India plans additional Rs 500-750 crore investment in TI Clean Mobility to scale EV operations, target break-even despite current losses. Focus on cost competitiveness, distribution expansion, and product development.
Epstein Emails Reveal $25M Art Deal Linking Billionaires
Newly released DOJ emails show Jeffrey Epstein coordinated a legal vehicle in 2014 for billionaires Ronald Lauder and Leon Black to share ownership of a $25 million painting, revealing deeper connections to wealth and power.
Haryana Power Workers Protest Online Transfer Policy
Employees of Haryana power utilities staged a protest in Panchkula, opposing the online transfer policy and alleging arbitrary management decisions, citing safety and operational concerns.
Adani Initiative Provides Financial Security to 500 Disabled Women
The Adani Mangal Seva program, backed by the Adani Group, has granted Rs 10 lakh fixed deposits to 500 women with disabilities, ensuring monthly income and long-term financial stability.
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Dexian Expands Chennai GCC, Targets 50% Growth in India
US-based Dexian has launched a new Global Capability Centre in Chennai, focusing on AI, cybersecurity, and digital engineering. The company plans 50% headcount growth in India over 12-18 months.
Redington Q3 Revenue Up 16% to Rs 30,959 Cr on Cloud Growth
Redington reports 16% YoY revenue growth to Rs 30,959 crore in Q3 FY26, driven by cloud adoption and premium device demand. Net profit rises 9% to Rs 436 crore, with software solutions surging 40%.
Aye Finance Tests IPO Market as NBFC Peers Delay Listings
Microlender Aye Finance launches IPO at ₹122-129 per share, valuing firm at ₹3,200 crore. Several NBFCs postpone offerings amid sectoral challenges and rising bad loans.
Budget 2026: A 'Game Changer' for MSMEs, Say Industry Chambers
Industry chambers praise Union Budget 2026 as a transformative step for MSMEs, emphasizing domestic manufacturing, scaling, and infrastructure to drive holistic economic development.
Urban Company Data Shows Gig Work Depends on Hours, Not Skills
Urban Company's data shows its top 5% professionals work 167 hours monthly, nearly double the average, with flat hourly earnings. While earnings are comparable to entry-level IT jobs, growth comes from volume, not skill-based pay or career progression.
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Confident Group MD Denies Fraud Rumors, Assures Project Continuity
Confident Group's managing director TA Joseph refutes social media allegations of fraud linked to chairman CJ Roy's death, calling them baseless and harmful to the grieving family while affirming all projects will proceed.
NCLT Withdraws Alchemist Order, ED Uncovers Fraud in Insolvency
In a rare move, NCLT revoked its corporate resolution order for Alchemist Ltd after ED exposed money laundering and fraud by promoters, including former TMC MP KD Singh, involving Rs 1,840 crore from investors.
Nykaa Profits Double in Q3, Revenue Hits Rs 2,873 Crore
Nykaa's consolidated net profit surged to Rs 67.7 crore in Q3, more than doubling from last year. Revenue grew to Rs 2,873.2 crore, driven by robust consumer demand for beauty and fashion products.
Tata Motors Q3 Loss Due to JLR Cyberattack Disruption
Tata Motors Passenger Vehicles reported a consolidated loss of Rs 3,483 crore in Q3, driven by a cyberattack at Jaguar Land Rover, which caused a Rs 1,600 crore charge and halted production for five weeks.
Bob's Furniture IPO Jumps 11%, Raises $331 Million
Bob's Discount Furniture, backed by Bain Capital, surged 11% in its trading debut, raising $331 million and achieving a $2.42 billion market valuation. The IPO marks a significant move in a challenging market for consumer-focused companies.
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Uber, Ola, Rapido Drivers Call Nationwide Strike on Feb 7
App-based taxi drivers across India plan a nationwide strike on February 7, demanding better fares, reduced commissions, and improved working conditions from companies like Uber, Ola, and Rapido.
Amazon Results Today: AWS Cloud in Focus After Microsoft Slowdown
Amazon announces quarterly results today with intense focus on AWS cloud revenue growth. Investors watch closely after Microsoft's Azure slowdown raised concerns about the broader cloud computing sector.
Ola, Uber, Rapido Drivers Strike on Feb 7: All Details
App-based cab, auto, and bike taxi drivers across India will strike on February 7, demanding minimum fares and better regulation. Commuters advised to plan alternative travel.
Hero MotoCorp Posts Highest-Ever Quarterly Revenue
Hero MotoCorp reports 21% revenue growth to ₹12,784 crore in Q3 FY26, driven by 16% sales increase and GST cuts. TVS Motor and Bajaj Auto also achieve record quarterly performance.
Woman Quits After Manager Mocks Menstrual Leave in India
A woman resigned from her job after her manager dismissed her menstrual leave with insensitive comments, sparking discussions about workplace attitudes toward women's health in India.
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Elon Musk's $852B Fortune Brings Sadness After Merger
Elon Musk becomes first person with $852 billion wealth after SpaceX-xAI merger but expresses sadness. His fortune surged $84 billion in a day, yet he shared a quote questioning money's link to happiness.
Post Critic Fired While Eating Anniversary Pear
Ron Charles, a veteran book critic at The Washington Post, was laid off while enjoying pears sent to mark his 20th anniversary. He reflects on his career and future plans amid sweeping cuts.
Reliance Buys 2M Barrels Venezuelan Oil from Vitol
Reliance Industries purchases 2 million barrels of Venezuelan crude oil from trader Vitol for April delivery, marking its first acquisition from Venezuela in nearly a year.
Tata Motors Q3 Losses Due to JLR Cyber Attack Impact
Tata Motors Passenger Vehicles reported consolidated Q3 losses despite strong India performance, as a cyber attack on Jaguar Land Rover caused over ₹3,000 crore in exceptional costs and production halts.
India's First Corporate Class Action Suit Admitted by NCLT
Delhi NCLT admits landmark corporate class action suit by minority shareholders of Jindal Poly Films alleging ₹2,500 crore asset diversion. First case under Section 245 of Companies Act 2013.
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Post Layoffs Trigger Talent Hunt by Rival News Outlets
Following mass layoffs at The Washington Post, rival news organizations like Bloomberg, Reuters, and Financial Times are actively recruiting affected journalists, highlighting a competitive talent landscape in journalism despite industry challenges.
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