- Nike is set to cut overstaffed warehouses in Tennessee and Mississippi. - Nike’s sales have been weak for two years, and the company wants to align with its profits again. - The recent data breach is also putting pressure on the company.
Gold and silver held elevated levels on Tuesday as global safe-haven demand and a weakening rupee underpinned prices. After recent record rallies, precious metals saw minor profit-booking but stayed close to multi-session highs, reflecting persistent investor interest amid geopolitical and macroeconomic uncertainty. Closing Rates for Gold and Silver on 27
- Meta will keep the core features free for its users. - Content creators and power users are put in the spotlight for the new paid version. - Meta plans to roll out testing of subscription features soon.
Global aerospace leader Embraer and Adani Defence & Aerospace signed a memorandum of understanding (MoU) on 27 January. As per the MoU, both the firms will create an integrated regional transport aircraft ecosystem in India. Both the firms will be working together on opportunities in aircraft manufacturing, supply chain, aftermarket
On January 27, JioStar's request to prevent the Competition Commission of India (CCI) from looking into claims of monopolistic practices in the television distribution industry in Kerala was denied by the Supreme Court. The court decided that the issue merits further inquiry and permitted CCI to carry out
TikTok has officially sealed a major deal that reshapes how it operates in the United States and brings a leading American tech firm, Oracle, into the heart of its U.S. operations. This development ends years of political pressure, legal battles and threats of a nationwide ban. The move affects
The United Forum of Bank Unions (UFBU) decided to go ahead with a statewide strike on January 27. The Union wants an immediate implementation of a five-day work week. Owing to this demand, the entire public sector banks' operations were impacted nationwide on 27 January. Following the failure of
In order to avoid the impending threat of a ban in the US, TikTok has finalised an agreement to establish a new American entity. To establish the new TikTok U.S. joint venture, the social video platform has inked deals with significant investors such as Oracle, Silver Lake, and the
- Trump accuses JPMorgan of politically “Debanking” him and his family. - Trump's personal lawyer, Alejandro Brito, filed the case in Miami. - JPMorgan denies the allegations, yet some claims remain unclear.
On January 21, Ubisoft revealed a reorganisation initiative that has led to the cancellation of up to six games, studio closures, and the division of its business into five "Creative Houses". After years of development, Ubisoft has thrown Prince of Persia: The Sands of Time Remake into the
After a one-month suspension, sanctions-compliant Russian oil is expected to be delivered to India's Reliance Industries Ltd, which operates the largest refining complex in the world, in February and March. After obtaining a one-month US concession that permitted it to conclude its transactions with the sanctioned Russian oil
- OpenAI announces that age protection systems in ChatGPT will likely launch in a few weeks. - The update will apply to ChatGPT users worldwide. - Additionally, parental controls will be added to the tool to give parents more control over the safety.
- Starting from February 21, Albinder Dhindsa (CEO of Blinkit) will be the new CEO of Eternal. - Deepinder Goyal says he wants to work on his high-risk ideas, and so he is resigning. - Goyal can still be on the board of directors as Vice Chairman, but shareholders' approval is due.
In an effort to establish itself as a long-term partner in the state's infrastructure-led growth goal, the Adani Group presented a $66 billion investment plan for Maharashtra on January 21. The plan covered aviation, clean energy, urban infrastructure, digital platforms, and advanced manufacturing. The company presented its plans
The Global Capability Centre (GCC) of the French global personal care company L'Oréal is anticipated to open in November of this year, according to official sources on 21 January. The beauty tech company plans to invest INR 3500 crore (350 million euros) by 2030. This will accelerate the
* The ESOP buyback comes at a time when Cashfree has moved into a new 80,000 sq ft headquarters at Ecoworld, Bangalore, underscoring its next phase of growth Marking a decade of innovation in India’s digital payments ecosystem, India’s leading payments company, Cashfree Payments, announced the implementation of
Zomato has leased more than 270,000 square feet of office space at Sector 59, Gurugram's Intellion Park, which is owned by Tata Realty and Infrastructure. The food service company will pay INR 2.33 crore in rent each month for a 278,249-square-foot chargeable space, per the
The Cupertino-based tech giant's digital payment tool, Apple Pay, is getting ready to debut in India this year. By the end of 2026, the service—which is currently offered in 89 markets worldwide—is anticipated to enter India. A number of governmental licences are still required for the
The chief financial officer (CFO) of Ola Electric, a manufacturer of electric vehicles (EVs), Harish Abichandani, has resigned. He resigned for "personal reasons". The listed electric two-wheeler (E2W) manufacturer also announced the appointment of former Puravankara (real estate developer) executive Deepak Rastogi as the new CFO in a
Ikea, a Swedish furniture store, declared that it will begin shipping items online in Tamil Nadu from January 22. EV-powered doorstep deliveries will begin in Chennai, Madurai, Coimbatore, and Salem, giving clients access to more than 6,400 options for home furnishings. The company's Bengaluru distribution network will
In addition to its previous investment promise of INR 30,000 crore, Mumbai-based Lodha Developers has inked a memorandum of understanding (MoU) with the Maharashtra government. As per the MoU, the group will invest INR 1 trillion in the construction of a 2.5 gigawatt (GW) data centre park in
Reliance Industries Limited (RIL), the parent company of Jio, has stated that once regulatory checks and balances are in place, the public offering is anticipated to take place in the upcoming months. Anshuman Thakur, SVP of Strategy & Planning at RIL, stated on the firm's Q3 earnings call
In a deal to be disclosed on January 20, private equity firm Everstone would sell its whole 11.26% ownership in Burger King's franchisee Restaurant Brands Asia in India and Indonesia. According to Refinitiv statistics, Everstone Capital's shareholding, through its investment vehicle QSR Asia Pte Ltd,
- Deloitte targets Tier II cities in India for their strong talent and real estate. - Mangaluru can become Deloitte's new destination. - Romal Shetty, Deloitte’s CEO for South Asia, at the TiEcon Mangaluru 2026 event, suggested “innovate for Bharat."