Airtel announced a management change starting January 1, 2026. Gopal Vittal will move up to Executive Vice-Chairman, while Shashwat Sharma will become the new MD and CEO. The company reported a big jump in net profit and revenue for Q2, showing its strong spot in the market.
The Union Rural Development Ministry stands by Aadhaar-based wage payments under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), calling it a change that boosts efficiency and cuts down on payment delays. Although there are claims about workers being dropped from the system, the Ministry highlights the positive aspects and insists that these changes enhance transparency and accountability.
A hacking group is taking advantage of Microsoft Teams to carry out ransomware attacks by pretending to be IT staff. They trick employees into installing harmful software, leading to security breaches. The group, Black Basta, came from the disbanded Conti syndicate and uses social tricks to get into company networks.
Volkswagen plans to lay off thousands of workers and close at least three factories in Germany as part of a big restructuring effort. This decision comes amid rising pressures from low demand and competition in the electric vehicle market, increasing tensions between management and workers.
In his 115th Mann Ki Baat talk, Prime Minister Modi warned about "digital arrest" scams, stressing that no government agency will reach out to people through video calls. He highlighted the need for awareness and asked schools to teach kids about online safety. Modi also shared plans to celebrate the 150th anniversaries of Sardar Patel and Birsa Munda and talked about India's advancements in animation and virtual reality.
Shaktikanta Das, the Governor of the Reserve Bank of India, highlighted the unavoidable shift to digital currency at a G30 seminar. He focused on central bank digital currencies (CBDCs) for international payments and stressed the need for countries to work together to make money transfers more efficient and secure while considering the risks that come with CBDCs.
Indian fintech startup Slice has merged with North East Small Finance Bank, stepping into the banking world. This merger allows Slice to offer more than just digital payments, despite the tough rules in India.
At the Nvidia Summit in Mumbai, Meesho announced that it will open-source its machine learning platform, which includes its feature store and model orchestrator. This move is meant to help developers and data scientists improve AI capabilities throughout the ecosystem.
Zomato CEO Deepinder Goyal hit heavy traffic on his way to Diljit Dosanjh’s concert in Delhi, so he decided to walk the last bit. Even with police getting ready for big crowds, many fans still faced long delays, showing that traffic in the city is a real problem.
Waaree Energies, a top solar panel maker in India, is getting ready for a strong stock market entry with a grey market premium (GMP) of Rs 1,300. The IPO, priced between Rs 1,427 and Rs 1,503, attracted a lot of interest from big investors and is expected to list on October 28, 2024.