Myntra has appointed Pramod Adiddam as its new Chief Technology Officer. This strategic move aims to bolster the company’s leadership and advance its technology roadmap. Adiddam brings extensive experience in building and scaling large consumer technology platforms. His expertise will be crucial in supporting Myntra’s continued growth and operational momentum. This appointment reinforces Myntra’s commitment to innovation and customer experience.
Reliance Consumer Products Limited has acquired a majority stake in Australia’s Goodness Group Global. This move expands RCPL’s presence in the Australian consumer goods market. The partnership will promote Goodness Group’s healthy beverage brands like Nexba and PACE in new markets, including India. RCPL aims to deliver global quality products at affordable prices.
Kotak Mahindra Bank has clarified its position on the IDBI Bank disinvestment. The bank stated it has not submitted a financial bid. This clarification follows media reports suggesting otherwise. Kotak Mahindra Bank is adhering to SEBI listing regulations. The bank will continue to make necessary disclosures as per its obligations.
Indian Railway is continuously modernizing current infrastructure of its signalling system to improve reliability. Electronic Interlocking Systems with centralised operation points and signals in place of old mechanical signalling have been provided at 6660 stations as of December 31, according to a release.
February 7 Strike: App-based drivers and delivery workers across India are set for a nationwide shutdown on February 7, 2026. Unions are calling it a fight for survival. Thousands of workers from platforms like Ola, Uber, Swiggy, and Zomato are expected to join. This action highlights concerns over falling incomes and rising work pressure.
The United States on Friday announced new sanctions to curb Iran’s oil exports, including targeting 14 vessels, moments after the adversaries wrapped up a day of indirect talks in Oman. The State Department said it would order a block of any transactions with 14 vessels said to transport Iranian oil, including ships flagged from Turkey, India and the United Arab Emirates.
India-US trade deal: US President Trump has lifted a 25% tariff on Indian goods, fulfilling a trade deal contingent on India ceasing Russian oil imports. The agreement also includes a reduction in reciprocal levies and India’s commitment to purchase $500 billion in US energy and other products over five years.
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