Revenue

The US-based company opened the Mumbai store — Apple BKC — on April 18 last year, followed by the one in New Delhi — Apple Saket — two days later. The report highlighted that the earlier stores in Delhi and Mumbai have gained revenue of Rs 190-210 crores in their first year of operation, with an average monthly sales figure of 16-17 crores each.

TCS, Infosys, and Wipro collectively reduced their workforce by 64,000 employees during the last financial year due to factors like post-pandemic adjustments and market uncertainties. Revenue projections for the current year are modest, with Infosys expecting 1-3% growth and Wipro potentially facing a 1.5% dip. The shift towards AI-driven solutions may further impact headcount.

Karnataka CM Siddaramaiah condemned former CM HD Kumaraswamy's critique of the Congress Guarantee Scheme, questioning his remarks at a Congress event. He criticized BJP's revenue strategies and accused them of disrespecting the Constitution. Siddaramaiah compared the BJP's ideology to Hitler's and challenged their commitment to economic equality. He called upon JDS to support Congress.

Elon Musk's confirmed visit to India to meet Prime Minister Modi sparks anticipation of significant investments in the EV sector, potentially transforming India into a major market and manufacturing hub for Tesla.

Star javelin thrower Neeraj Chopra praised World Athletics' decision to grant $50,000 to all gold medalists at the Paris Olympic Games. He expressed his desire for similar incentives to be extended to athletes in other international competitions.

Instagram, the photo and video-sharing app owned by Meta, made more money from ads than YouTube in the last few years. New court papers filed by Meta show that Instagram earned more than YouTube from ads.

Technology giant Amazon has announced job cuts affecting hundreds of staff at its cloud computing business.  Amazon Web Services (AWS) has been growing and now represents 14% of Amazon's total revenue, according to its latest financial report.

The Bruhat Bengaluru Mahanagara Palike (BBMP) fell short of its property tax collection target for the 2023-24 fiscal year, gathering only ₹3,900.92 crore out of the aimed ₹4,561 crore. Despite efforts like issuing notices and appointing a Special Commissioner, the deficit of ₹660 crore indicates a significant gap. Mahadevapur led in collections with ₹1,042 crore, while Dasarahalli had the lowest at ₹127 crore.

These rules aim to curb the practice of banks and finance companies imposing additional fees on borrowers for late payments or breaches of loan terms. Under the new directives, banks are prohibited from charging penal interest on late Equated Monthly Installment (EMI) payments and from adding extra charges to the interest rate.

Additionally, individuals who moved to Idukki after marriages in Tamil Nadu have been included in the voter lists of both states. These lists will be cross-referenced with the Idukki voter list to eliminate double-voting instances.

Despite facing supply chain challenges, HAL achieved a remarkable double-digit growth of approximately 11%. The company's order book stands at over Rs. 94,000 crores, with significant contracts secured and notable achievements, including the maiden flight of the first production series fighter of LCA Mk1A

'Aadujeevitham- The Goat Life' collected Rs 8.50 crore (early estimates) on Sunday, bringing the total opening weekend revenues to Rs 30.10 crore.

The wives of jailed Delhi Chief Minister Arvind Kejriwal and his former Jharkhand counterpart, Hemant Soren, who is also in prison, convened in Delhi on Saturday amidst speculation surrounding Sunita Kejriwal potentially assuming the top post.

Shops in Bengaluru's prime areas like Chickpet are illicitly collecting 5-18% extra from customers without issuing proper GST invoices, defrauding both consumers and the government. Despite raids and warnings by Commissioner C. Shikha, this practice persists. Consumers can verify GST bills via the GST portal and report discrepancies to the Karnataka Commercial Taxes Department. Strict actions will be taken against offenders.

According to reports, Bollywood celebrities will be called by the Enforcement Directorate (ED) for promoting the FairPlay application. A broadcasting company, Viacom18, filed an FIR alleging a staggering revenue loss of Rs. 100 crores.