Business News
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Sensex gains 260 points, Nifty settles above 22,050 mark
10 May 2024
Cyrus Mistry₹200cr for Tata name: Group firms face increased royalty fee
Tata Sons, the primary holding company of Tata Group, has announced a significant increase in the royalty fee for its operating companies.
10 May 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has climbed 2.16% in the past 24 hours, trading at $62,855.90. It is 5.45% higher than last week.
09 May 2024
BoeingBoeing confirms $200 million cyber extortion attempt in 2023
Boeing, the multinational aerospace and defense corporation, has confirmed being targeted in a $200 million cyber extortion attempt in October 2023.
09 May 2024
Larsen & ToubroL&T joins elite club with ₹2 lakh crore annual revenue
Larsen & Toubro (L&T) has become the sixth private non-financial firm to report a full year revenue of at least ₹2 lakh crore.
09 May 2024
MicrosoftMicrosoft's gaming division prepares for more layoffs after studio shutdowns
Microsoft's Xbox division is reportedly bracing for further job cuts following the recent closure of three of its studios Tango Gameworks, Arkane Austin, and Alpha Dog Studio.
09 May 2024
AppleJohn Ternus could replace Tim Cook as next Apple CEO
As Apple's existing CEO Tim Cook approaches his 64th birthday, speculation about his successor is rife in the tech industry.
09 May 2024
Stock MarketSensex plummets over 1,060 points, Nifty settles below 21,960 mark
On Thursday, the stock market closed on a bearish note as the Sensex slid 1,062.22 points to 72,404.17 points while the Nifty shed 345 points to 21,957.5 points.
09 May 2024
State Bank of India (SBI)SBI's Q4 profit surges 24% to nearly ₹20,700 crore
The State Bank of India (SBI), the nation's top lender, has announced a 24% increase in net profit for the quarter ending March 31, 2024.
09 May 2024
FinanceSula Vineyards shares plummet 8% after Q4 profit declines
Sula Vineyards, India's top winemaker by revenue, saw an 8% drop in its shares on Thursday. At the time of writing, the stock was trading at ₹498.
09 May 2024
AirbnbAirbnb's Q1 2024 profit doubles to $264 million
Airbnb, the San Francisco-based vacation rental platform, has reported a significant increase in its profit for Q1 2024.
09 May 2024
HuaweiUS government bars Intel, Qualcomm from selling chips to Huawei
The United States government has revoked licenses that permitted Intel and Qualcomm to sell chips to Huawei Technologies, per the Financial Times.
09 May 2024
DellDell to track attendance of on-site employees, assign color-coded ratings
Dell, the renowned tech giant, is set to launch a controversial system for tracking its employees' on-site attendance, as reported by The Register.
09 May 2024
ElectionsSensex, Nifty fall for 5th consecutive session: Here's why
India's leading stock market indices, BSE Sensex and NSE Nifty 50, opened in the red for the fifth consecutive session today.
09 May 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has lost 1.58% in the last 24 hours, trading at $61,523.96. It is 7.12% up compared to last week.
08 May 2024
ChinaIndia's consumer market projected to outgrow Germany, Japan by 2026
India is projected to become the world's third-largest consumer market by 2026, surpassing both Germany and Japan, according to a report by UBS.
08 May 2024
Hero MotoCorpHero MotoCorp's Q4 profit rises 18% to over ₹1,000 crore
Hero MotoCorp, India's leading two-wheeler manufacturer, has reported an 18% increase in net profit for the quarter ending March 31, 2024.
08 May 2024
Reserve Bank Of India (RBI)Why India's banking stocks are on a decline
In the wake of the Reserve Bank of India's (RBI) proposed changes to project financing regulations, major banking stocks including HDFC Bank, ICICI Bank, State Bank of India (SBI), and Punjab National Bank have experienced a decrease of up to 9% over the past three days.
08 May 2024
Stock MarketSensex closes at 73,466 points, Nifty settles above 22,300 mark
The stock market on Wednesday ended on a sluggish note, as the Sensex settled at 73,466.39 points and the Nifty stood at 22,302.5 points.
08 May 2024
SolanaFTX has billions more than required to repay bankruptcy victims
FTX, once a leading cryptocurrency exchange, has successfully gathered billions in surplus funds following its November 2022 collapse.
08 May 2024
RedditReddit shares surge 15% as Q1 revenue increases by 48%
Reddit's stock experienced a significant surge of over 15% in after-hours trading following the announcement of its first quarterly earnings since going public last month.
08 May 2024
IndiaHow 5-day workweek for Indian banks will affect consumers
India's banking sector is examining a proposal for a transition to a five-day workweek. Currently, employees work six days a week.
08 May 2024
BitcoinCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, Polygon
Bitcoin has slipped 1.55% in the past 24 hours to trade at $62,527.91. It is 4.46% higher than the week before.
08 May 2024
OYO RoomsOYO reportedly negotiating new funding round at $3 billion valuation
Indian budget-hotel chain start-up, OYO, is in discussions for a funding round, that could decrease its valuation to $3 billion or less, as per TechCrunch.
07 May 2024
Stock MarketSensex slips to 73,511 points, Nifty settles above 22,300 mark
On Tuesday, the benchmark Sensex and Nifty indices witnessed a slump.
07 May 2024
BoeingFAA investigates Boeing over 787 Dreamliner aircraft inspection doubts
The Federal Aviation Administration (FAA) is currently investigating allegations of internal malpractice involving Boeing's 787 Dreamliner aircraft.
07 May 2024
Elon MuskTesla fires more employees in another round of job cuts
Tesla, the electric vehicle giant led by Elon Musk, has announced another round of job cuts affecting staff in the software, services, and engineering departments, according to a report by Electrek.
07 May 2024
Electric CarsJSW Group plans 60,000-ton lithium-ion cell project with Chinese partner
The $23 billion JSW Group is reportedly on the verge of a significant technological partnership with a leading Chinese lithium-ion cell manufacturer.
07 May 2024
BitcoinCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has dropped 1.07% in the past 24 hours to trade at $63,490.59. Compared to last week, it is 0.38% up.
07 May 2024
Bharti AirtelIndia's leading telecom operators prepare for ₹96,317cr 5G spectrum auction
India's top private telecom operators, Reliance Jio, Bharti Airtel, and Vodafone Idea are set to participate in the upcoming 5G spectrum auction valued at ₹96,317.65 crore.
07 May 2024
SoftBank GroupUK startup secures record $1B funding to expand self-driving tech
Wayve, a UK-based startup specializing in self-driving technology, has successfully raised $1.05 billion in a Series C funding round.
06 May 2024
Initial Public Offering (IPO)FirstCry's parent Firm re-files IPO papers with SEBI
Brainbees Solutions Ltd., the parent company of online shopping platform FirstCry, has submitted revised documents for its upcoming initial public offering (IPO) to the Securities and Exchange Board of India (SEBI).
06 May 2024
Unified Payments Interface (UPI)Ghana to embrace India's UPI later this year
India and Ghana are fast-tracking the integration of their respective payment systems, Unified Payment Interface (UPI) and Ghana Interbank Payment and Settlement Systems (GHIPSS).
06 May 2024
Stock MarketSensex closes at 73,895 points, Nifty settles below 22,450 mark
On Monday, the stock market ended on a sluggish note as the Sensex and Nifty indices traded flat.
06 May 2024
Adani GroupAdani Group negotiates $600 million loan for gas subsidiary
Gautam Adani's multinational corporation, Adani Group, is reportedly in talks to secure an offshore loan of approximately $600 million.
06 May 2024
FinanceGodrej family's billion-dollar business restructuring won't attract tax: Here's why
The Godrej Group, a 127-year-old family-owned conglomerate, has recently declared its decision to split into two separate entities.
06 May 2024
PaytmPaytm shares plunge 5% as COO Bhavesh Gupta resigns
One 97 Communications Ltd., the parent company of Paytm, witnessed a significant 5% drop in share prices on Monday.
06 May 2024
IndiaIndia's service sector shows highest growth in over a decade
Despite a slight dip in April, India's service sector continues to exhibit robust growth, driven by strong demand.
06 May 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has surged 1.22% in the past 24 hours to trade at $64,098.23. It is 2.38% up compared to last week.
06 May 2024
IndiaIndia's metallurgical coal imports from Russia surge nearly threefold
India has seen a significant rise in its metallurgical coal imports from Russia over the past three fiscal years (FY), reaching approximately 15.1 million tons in 2023-24.
05 May 2024
Mahindra & MahindraM&M Finance reports 10% drop in Q4 FY24 net profit
Mahindra & Mahindra Financial Services (M&M Finance), a prominent non-banking financial company, has reported a 10% year-on-year (YoY) decrease in its net profit for the fourth quarter of FY24.
05 May 2024
Berkshire HathawayWarren Buffett's Berkshire Hathaway eyes investment opportunities in India
Warren Buffett, CEO of Berkshire Hathaway, has recognized India as a land of 'unexplored opportunities.'
05 May 2024
Reserve Bank Of India (RBI)RBI data shows significant surge in housing sector credit
The Reserve Bank of India (RBI) has reported a substantial increase in credit outstanding to the housing sector.
05 May 2024
Muthoot FinanceMuthoot Finance's subsidiary files ₹1,300 crore IPO papers with SEBI
Belstar Microfinance Ltd, a subsidiary of Muthoot Finance, has filed its initial public offering (IPO) papers with the Securities and Exchange Board of India (SEBI).
05 May 2024
Bharti AirtelMarket cap of 6 major companies declined by ₹68,400 crore
Last week, six out of the 10 most valued firms experienced a significant decrease in their combined market valuation by ₹68,417.14 crore.
05 May 2024
CryptocurrencyCryptocurrency prices today: Check rates of Tether, Bitcoin, Ethereum, Dogecoin
Bitcoin has gone up by 0.50% in the past 24 hours to now trade at $63,367.18. Compared to last week, it is 0.71% down.
05 May 2024
PaytmPaytm President Bhavesh Gupta steps down ahead of Q4 results
Bhavesh Gupta, the President and Chief Operating Officer (COO) of mobile payments giant Paytm, has resigned due to personal reasons.
04 May 2024
IDBI BankIDBI Bank reports 44% surge in Q4 net profit
IDBI Bank, a prominent private sector lender, has reported a significant 44% increase in its net profit, for the fourth quarter of the fiscal year 2023-24.
04 May 2024
BHIM UPIBHIM planning to dive into e-commerce sector via ONDC
The Bharat Interface for Money (BHIM), a government-supported payment application, is set to venture into the e-commerce sector.
04 May 2024
Kotak Mahindra BankKotak Mahindra Bank announces 17% net profit increase in Q4
Kotak Mahindra Bank, a prominent private sector lender, has reported a 16.88% year-on-year (YoY) rise in its consolidated net profit for the first quarter of the year.
04 May 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Tether, Ethereum, Dogecoin
Bitcoin has surged by 6.08% in the past 24 hours to now trade at $63,130.61. It is 0.38% up in comparison to last week.
04 May 2024
Layoff NewsLuminar announces 20% reduction in workforce, shifts LiDAR production
LiDAR technology leader, Luminar, has announced a 20% reduction in its workforce as part of a strategic restructuring plan.
03 May 2024
Gautam AdaniAdani Green's Q4 profit plummets 70% to ₹150 crore
Gautam Adani's Adani Green Energy has reported a significant 70% year-on-year (YoY) decrease in its consolidated net profit for the quarter ending March 2024, falling to ₹150 crore.
03 May 2024
SensexSensex slips to 73,878 points, Nifty settles at 22,475 mark
Indian stock market's benchmark Sensex and Nifty indices witnessed a slump on Friday.
03 May 2024
Adani GroupSEBI issues show-cause notices to six Adani Group companies
The Securities and Exchange Board of India (SEBI) has issued show-cause notices to six companies of the Adani Group.
03 May 2024
BitcoinCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has risen 3.85% over the last 24 hours to trade at $59,596.73. It is down 7.63% from last week.
03 May 2024
AppleApple announces record $110B buyback as Q2 results meet expectations
Apple has announced a record-breaking $110 billion share buyback, marking a 22% increase from last year's $90 billion authorization.
02 May 2024
Adani GroupAdani Enterprises's Q4 net profit declines 38% to ₹451 crore
Gautam Adani-led Adani Enterprises has announced a significant 38% year-on-year decrease in its consolidated net profit for the fourth quarter ending March 2024.
02 May 2024
SensexSensex crosses 74,600 mark, Nifty settles below 22,650
The stock market on Thursday ended on a sluggish note but in the green.
02 May 2024
InflationRBI's interest rate cut expectations pushed back to late 2024
A recent survey conducted by Bloomberg indicates that the Reserve Bank of India (RBI) may postpone its planned interest rate cut until the last quarter of 2024.
02 May 2024
Adani PortsAdani Ports's Q4 profit surges 76% to ₹2,040 crore
Adani Ports and Special Economic Zone Limited (APSEZ) has reported a significant 76% increase in its consolidated net profit for the quarter ending March 31, 2024.
02 May 2024
NASDAQFreshworks CEO Girish Mathrubootham steps down, Dennis Woodside takes over
Girish Mathrubootham, the driving force behind NASDAQ-listed SaaS company Freshworks, has stepped down as CEO.
02 May 2024
BitcoinCryptocurrency prices: Here are rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has shed 4.54% over the last 24 hours, trading at $57,439.01. It is 10.69% lower than previous week.
02 May 2024
National Company Law TribunalNCLT issues notice in BYJU'S insolvency case initiated by OPPO
The National Company Law Tribunal (NCLT) in Bengaluru has issued a notice regarding an insolvency plea against ed-tech giant BYJU'S, initiated by mobile phone manufacturer OPPO.
01 May 2024
Johnson & JohnsonJ&J proposes to settle talc cancer lawsuits for $6.5 billion
Johnson & Johnson has proposed a $6.475 billion settlement to resolve numerous lawsuits, alleging that its talc-based products, including baby powder, contain asbestos and have caused ovarian cancer in users.
01 May 2024
Climate ChangeSilicon Valley giants back start-up that pumps poop below ground
Silicon Valley's leading tech companies have invested $58.3 million in Vaulted Deep, a climate change start-up.
01 May 2024
Gautam AdaniAdani Wilmar's Q4 net profit surges 59% to ₹156 crore
Adani Wilmar, a joint venture between Adani Enterprises and Wilmar International, has reported a significant 59% increase in its standalone net profit for the quarter ending March 31, 2024.
01 May 2024
Gautam AdaniAmbuja Cements's Q4 profit soars 64% to ₹1,055 crore
Ambuja Cements, owned by Gautam Adani, has reported a significant 64% increase in its consolidated net profit for the March quarter, amounting to ₹1,055 crore.
01 May 2024
Initial Public Offering (IPO)FirstCry CEO's monthly salary drops by 49% to ₹8.6 crore
Supam Maheshwari, the founder and CEO of FirstCry, has experienced a significant reduction in his monthly salary.
01 May 2024
GSTGST collections reach record high of ₹2.1L crore in April
India's Goods and Services Tax (GST) collections reached an all-time high in April 2024, with gross collections amounting to ₹2.1 lakh crore.
