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

  In a quirky twist on summer tradition, Olive Garden is making waves by combining two seasonal favorites: pasta and pool time. The Italian-American restaurant chain is set to launch a line of limited-edition, pasta-themed pool floats on June 30, just in time for the heart of summer. The inflatable collection brings Olive Garden's signature menu items into the sun-soaked realm of summer recreation, offering customers a fun, food-inspired way to lounge poolside.

The Bay Area is undergoing a retail transformation as former big-box stores give way to a growing wave of Asian grocery chains and culinary destinations. Across the region, from San Francisco to the South and East Bay, large retail spaces once occupied by legacy department stores are being reimagined as vibrant Asian markets and food hubs. These developments signal a changing consumer landscape, deeply influenced by shifting demographics and cultural preferences. In Daly City, a f

Chicago's pizza scene has quietly welcomed back one of its most iconic and talked-about names. Great Lake, a small pizzeria once hailed as serving the best pizza in America, has returned more than 12 years after it suddenly closed its doors. Tucked away at 1476 W. Berwyn, not far from its original Andersonville neighborhood, the legendary pizza shop has resumed operations without much fanfare, but its legacy and impact on Chicago’s food culture remain as strong as ever.

A persistent rat infestation has kept a Cupertino grocery store closed for more than two months, marking one of the most severe health enforcement cases in Santa Clara County this year. Located on Stevens Creek Boulevard, the store initially suspended operations in its deli, juice bar, and bakery in late March after health inspectors found evidence of rodent contamination in areas visible to customers. Despite multiple pest control efforts, including baiting and capturing at least one roof rat,

Walmart is rolling out a major expansion of its drone delivery program, now reaching customers in Houston, Tampa, Orlando, Atlanta, and Charlotte. This new phase brings the service to 100 additional stores, allowing customers to receive essential items like medication, snacks, and baby products by drone in 30 minutes or less. Operated by Wing, a drone company owned by Google’s parent Alphabet, this expansion aims to compete directly with Amazon Prime Air

Pre-filled Income Tax Return (ITR) forms, introduced by the Income Tax Department, are designed to make tax filing simpler for individuals by auto-filling key financial details. These forms collect data from reliable sources such as your PAN, Aadhaar, Form 16 issued by employers, Form 26AS, and the Annual Information Statement (AIS) to pre-load income, tax paid, deductions claimed, and bank account information. However, despite the convenience, these pre-fille

Oil prices jumped to their highest levels in five months while Asian markets tumbled on Monday, following coordinated airstrikes by the United States and Israel on Iran's key nuclear facilities. The escalation has sparked fears of a broader conflict in the Middle East, with particular concern over the potential closure of the Strait of Hormuz a strategic waterway that handles nearly 25 percent of global oil trade and 20 percent of liquefied natural gas mov

In a historic move for the US tech sector, Texas Instruments (TI) has announced a massive investment of over $60 billion to boost domestic semiconductor manufacturing. This investment, set to roll out across seven fabrication plants in Texas and Utah, marks the largest such commitment in foundational chipmaking on American soil. The company expects the expansion to generate over 60,000 jobs and strengthen the country’s ability to produce critical compone

Wawa has filed a lawsuit against the city of Garfield, New Jersey, over a newly amended ordinance that prohibits the convenience store from operating 24 hours a day. The legal action, initiated earlier this month, challenges the city's decision to enforce operating restrictions on overnight business, a move that the company says directly threatens its long-standing service model and investment in the area. The controversy centers around the Wawa store located on Jewell Street,

Rite Aid, the once-prominent national pharmacy chain now navigating Chapter 11 bankruptcy, is preparing to shutter 56 additional store locations across California, bringing the total number of confirmed closures in the state to 235 by 2025. As part of its ongoing financial restructuring efforts, the company is systematically downsizing its retail footprint, with California emerging as one of the hardest-hit states in this process. The latest wave of closures reflects the pharmacy chain’

Graze Craze, a fast-growing brand known for its custom-made gourmet charcuterie boards, has officially opened its first location in Silicon Valley at 666 Barber Lane in Milpitas’ Ulferts Center. The new store brings the innovative concept of artistic grazing boards to the heart of the Bay Area, offering residents and businesses a unique culinary experience that combines presentation with quality ingredients. The Milpitas location is operated by Michele Ho, a former biotech and pharmaceu

Starting July 1, 2025, the City of San Marcos will implement paid parking for non-residents at City Park, located at 170 Charles Austin Drive. This move comes as part of a broader initiative to maintain and support local park resources as community usage continues to grow, especially during weekends and holidays. Non-residents visiting City Park will need to pay for parking either at on-site kiosks (cash or card) or

  Efforts by the San Jose community to save a beloved local restaurant have come to an end as city officials approved a proposal to replace the longstanding Taqueria Eduardo with a new Chick-fil-A location. The decision, made by Planning Director Christopher Burton, has sparked criticism from residents and community groups who argue that the project contradicts the West San Carlos Urban Village Plan and displaces a business that has been serving the neighborhood for over two de

US President Donald Trump has announced a major breakthrough in trade relations with China, confirming that a new deal includes guaranteed upfront delivery of rare earth elements to the United States and a renewed visa pathway for Chinese students. Posting on Truth Social, Trump declared the agreement “done,” pending final approval from Chinese President Xi Jinping and himself. He emphasized that under the terms, the US would receive “full ma