The debate over Initiative 82, the voter-approved law designed to gradually increase wages for tipped workers in Washington DC, has intensified as the city council considers whether to repeal or modify the measure. The Restaurant Association of Metropolitan Washington (RAMW) claims that the law is causing restaurants to shut down at a historic rate, while worker advocacy groups argue that the data presented by the industry is misleading and does not reflect the true state of the restaurant se

The Enforcement Directorate (ED) has launched extensive raids across Mumbai and Delhi as part of a high-stakes money laundering investigation into a loan fraud case worth approximately Rs 3,000 crore. The raids are targeting 50 companies, including those linked to Anil Ambani's group, and involve about 25 individuals connected to the controversial transactions. The investigation stems from suspected illegal loan diversion, with particular focus on loans ap

The Food and Drug Administration (FDA) has announced a nationwide recall affecting over 67,000 cases of Power Stick roll-on antiperspirant deodorants. The enforcement action was initiated by manufacturer A.P. Deauville following concerns about deviations from Current Good Manufacturing Practices (cGMP), which are mandatory quality standards for facilities that produce regulated products like deodorants. According to the official FDA enforcement report, the recall was formally initiated on Jul

In one of the biggest crypto security breaches in India, CoinDCX, a leading cryptocurrency exchange based in Mumbai, has confirmed that it suffered a hacking attack resulting in the loss of nearly Rs 368 crore (approximately $44 million). The breach occurred early Saturday and specifically targeted one of the company’s internal operational accounts used for liquidity functions with a partner exchange. CoinDCX has since clarified that no customer assets w

Target will soon end its long-standing price matching policy that included matching prices from Amazon and Walmart. Effective July 28, the company will limit its Price Match Guarantee to only include its own online platform, Target.com, and promotional pricing available through Target Circle. This shift marks a significant change in how the retailer is approaching competitive pricing and customer loyalty in 2025. Under the new policy, shoppers who buy items in a physical Target st

The Prime Minister’s Office (PMO) has approved a significant overhaul of India’s Goods and Services Tax (GST) system, paving the way for major reforms to simplify the tax structure. The proposal is set to be discussed in the upcoming GST Council meeting in August. The finance ministry has already initiated discussions on the changes, which are expected to streamline the GST system and ease compliance for businesses and consumers alike.

Mahanagar Telephone Nigam Ltd (MTNL), the state-run telecom firm, is facing a fresh financial crisis as it defaults on a significant sum of Rs 8,585 crore in principal and interest payments to a group of seven public sector banks. The default was officially confirmed by MTNL in a filing to stock exchanges, highlighting the ongoing struggles of the company. The unpaid debt includes Rs 7,794.34 crore in principal and Rs 790.59 crore in interest.

Amazon is set to extend its annual Prime Day event to four full days in 2025, marking the first time the company has taken this step since the shopping holiday was introduced in 2015. What began as a 24-hour promotional campaign to celebrate Amazon's anniversary has since grown into one of the most anticipated e-commerce events globally. This year, Amazon is not only spreading its deals across a longer period but is also tailoring special perks to attract younger shoppers, particularly those

American Mattress, a prominent furniture and mattress retail chain headquartered in suburban Chicago, has filed for Chapter 11 bankruptcy protection. The filing, submitted to the U.S. Bankruptcy Court for the District of Delaware, was officially recorded on Sunday. According to documents from the U.S. Department of Justice, the petition was made under the company’s formal business name, AFM Mattress Company LLC. The listed address is in Elk Grove Village, Illinois, and the petition esti

Bill Gates, once the world’s richest person, has now dropped out of the top 10 richest individuals for the first time in years. According to the latest Bloomberg Billionaires Index, Gates now ranks 12th with a net worth of $124 billion as of 8 July 2025. This marks a significant shift in the wealth rankings, where Gates now trails Michael Dell at number 11 with $137 billion, and his former Microsoft colleague, Steve Ballmer, is ahead at number 5 with $17

A SEBI-registered financial advisor has sounded a serious alarm about the growing menace of online betting in India, after witnessing a client lose Rs 18 lakh in just six months. The loss didn’t occur through stock markets or crypto investments, but through online betting apps an increasingly dangerous digital trap affecting thousands across the country. Abhishek Kumar, founder of SahajMoney, shared the story o

As Digital India celebrates its 10th anniversary in 2025, Prime Minister Narendra Modi shared a heartfelt blog titled 'A Decade of Digital India', highlighting the initiative's far-reaching impact on Indian society. What began as a government program aimed at bridging the digital divide has now evolved into a nationwide movement that empowers people and drives the nation towards self-reliance. Launched in