News

The DMK candidate, Anniyur Siva, appears to be winning the Vikravandi assembly byelection, as he led by a margin of 39,435 votes over PMK’s C Anbumani at 1:00 pm. The byelection, triggered by the death of the previous MLA N Pugazhenthi, serves as a critical test for the ruling DMK amid current controversies surrounding law and order.

Zomato has laid off around 600 customer support associates, primarily in Gurugram and Hyderabad, due to a slowdown in its core food delivery business and rising losses in its quick commerce subsidiary, Blinkit. The company has also been investing in automation, which has reduced the need for human intervention in customer support roles.

Frasers Group, holding a significant stake in Boohoo, opposed the proposed renaming of Boohoo's holding company to Debenhams, intensifying an ongoing rivalry between the two UK retail giants. Despite the rejection at the general meeting, Boohoo is determined to continue its rebranding strategy and turnaround plans, citing Debenhams' heritage as a key asset.

Technology entrepreneur Tom Adeyoola has been named the government's preferred candidate to lead Innovate UK, the country's £1.1 billion-a-year innovation agency. Adeyoola's experience in technology, entrepreneurship, and digital transformation is seen as a valuable asset for Innovate UK, which faces renewed scrutiny over its spending and future direction.

Aston Martin Lagonda secured a fresh injection of £125 million, funded by both the sale of its stake in Lawrence Stroll’s Formula 1 team and the issuance of new shares to Yew Tree investors. This capital boost raises Yew Tree’s stake in the company and comes amid ongoing financial challenges, operational restructuring, and market pressures such as tariffs on imported vehicles.