Around 1,500 workers of Samsung India Electronics in Chennai, Tamil Nadu, have been on strike for 11 days, demanding better wages and recognition of their newly-formed union, the Samsung India Labour Welfare Union (SILWU). Workers claim unsafe conditions, low wages, and management pressure against the union. The protest has significantly disrupted production at the plant, which contributes $4 billion to Samsung’s annual revenue in India. Police detained 104 protesters for marching without permission. Samsung denies allegations of mistreatment and insists discussions are underway. Labour unions backed by leftist parties are supporting the workers' demands for collective bargaining.

Tupperware Brands has filed for Chapter 11 bankruptcy protection amid declining demand and rising costs. The company, known for its food storage containers, reported assets between $500 million and $1 billion and liabilities ranging from $1 billion to $10 billion. Tupperware’s financial troubles worsened after a brief pandemic-related surge in sales. Rising raw material, labor, and freight costs have exacerbated the issue. In 2023, the company struggled with $700 million in debt and engaged Moelis & Co for strategic advice. The bankruptcy filing aims to address the company’s liquidity crisis and restructure its debt.

Amazon.com will require employees to return to the office five days a week starting next year, tightening its previous three-day in-office mandate. CEO Andy Jassy stated that this change is essential for "inventing, collaborating, and staying connected," and noted that the three-day model reinforced the benefits of in-office work. The move contrasts with many companies allowing remote work since the pandemic, leaving some downtown offices underused. While other tech firms have adopted two- or three-day office policies, Amazon’s stricter stance comes as Covid-19 concerns diminish. Some employees have reported being required to work from distant offices or relocate to Seattle.

NXP Semiconductors will invest over $1 billion in India, doubling its research and development efforts, CEO Kurt Sievers announced at the Semicon India conference near New Delhi. The Dutch company, which operates four semiconductor design centers with around 3,000 employees in India, is also in talks with the automotive and other industries. India, which aims to become a global semiconductor player, has launched a $10 billion incentive program to boost its chipmaking capabilities. The country’s semiconductor market is expected to reach $63 billion by 2026. Major players like Nvidia and AMD have also expanded their presence, highlighting India's growing role in the global semiconductor ecosystem.

IndiGo, India’s largest airline, aims to transform from a dominant domestic carrier to a global player by 2030, according to CEO Pieter Elbers. With over 60% control of India’s domestic air traffic, the airline is focusing on international expansion. Elbers highlighted India’s expected rise as the world’s third-largest economy by 2030, emphasizing the need for airlines with the scale to compete globally. He stated that IndiGo's recent decisions align with the goal of becoming a global airline within the next decade. The airline’s growth strategy is designed to enhance its global presence and connectivity with other countries, positioning it competitively worldwide.

The Adani Group has rejected claims by US-based Hindenburg Research that Swiss authorities have frozen over $310 million in funds linked to the company. Hindenburg cited local reports alleging that the funds, connected to a money laundering and securities investigation, were sequestered in six Swiss banks. However, Adani Group refuted the claims, stating they have no involvement in Swiss court proceedings and none of their accounts have been frozen. The company termed the allegations as baseless, reiterating their commitment to transparency and compliance.

Swiss authorities have frozen more than $310 million across six Swiss bank accounts as part of a money laundering and securities investigation related to the Adani Group, according to reports. The investigation, which dates back to 2021, was revealed by Swiss media outlet Gotham City and later cited by Hindenburg Research. The funds are linked to an alleged front man for Gautam Adani, and the Swiss Attorney General's office has taken over the investigation. This comes after earlier accusations by Hindenburg Research against Adani for stock manipulation and financial misconduct.

The Indian stock market witnessed a significant surge, with the Sensex and Nifty indices rising by 1,439.55 points and 470.45 points respectively. This added Rs 5.14 lakh crore to the market capitalization of BSE-listed companies, reaching Rs 465.9 lakh crore. The rally was driven by global market gains and expectations of increased foreign investment in domestic stocks. The US inflation data release also boosted anticipation of a 25 basis point rate cut by the Federal Reserve, with the probability increasing to 85%. The market's sudden jump has boosted investor confidence.

Prime Minister Narendra Modi promoted India's growing semiconductor industry at the 'Semicon India' event, saying it's the "right time" to invest in the country. He set a target of increasing the electronics sector from $150 billion to $500 billion by 2030, creating 6 million jobs for youth. Modi's pitch emphasized India's potential, saying "when the chips are down, you can bet on India." The government aims to ramp up production and establish India as a key player in the global electronics market.

Israel is set to make a major investment in India's semiconductor sector, according to Reuven Azar, the Israeli Ambassador to India. He hinted at significant developments in the coming days, stating that private Israeli companies are driving the initiative. While details remain confidential, Tower Semiconductor is rumored to be a potential investor. This follows India’s recent semiconductor ecosystem partnership with Singapore. The India Semiconductor Mission, launched in 2021, aims to strengthen chip manufacturing in the country with a ₹76,000 crore incentive scheme.