Business News

India has broken the North American hegemony to take the top spot in the global smartwatch market, according to Counterpoint. The country's market saw year-over-year growth of 171% in Q3 of 2022.

On Wednesday, the benchmark Sensex and Nifty indices witnessed a surge, extending their winning streak for the seventh day in a row. The Sensex jumped 0.66% to 63,099.65 points while the Nifty climbed 0.75% to 18,758.35 points.

An iPhone, made in India by Tata Group, could soon become a reality. The homegrown multinational conglomerate is in talks with Wistron Corp., one of Apple's top three vendors in India, to acquire its manufacturing facility in Karnataka.

Vikram Kirloskar, a well-known industrialist and Vice Chairman of Toyota Kirloskar Motor passed away on Tuesday. He was 64.

Bitcoin has risen 2.6% over the last 24 hours to trade at $16,876.89. It is up 4.4% from last week.

New Delhi Television (NDTV) founders Radhika Roy and Prannoy Roy have resigned as directors of the board of RRPR Holdings Private Limited (RRPRH) with immediate effect, the company said in a regulatory filing late on Tuesday.

The Cellular Operators Association of India (COAI) has suggested charging over-the-top (OTT) players for using telecom services in a letter to the telecom secretary.

The Reserve Bank of India (RBI) is all set for the first pilot of the retail version of its Central Bank Digital Currency (CBDC). It will take place on December 1, the central bank said in a statement.

Singapore Airlines (SIA) and Tata Sons have agreed to merge Vistara and Air India. As part of the deal, SIA will get a 25.1% stake in an enlarged Air India.

On Tuesday, the major indices of the stock market ended with positive gains. The Sensex settled at 62,681.84 points, while the Nifty closed at 18,618.05 points.

Last year, over half a billion Facebook users' personal information was leaked online courtesy of a data breach. The issue was investigated by Ireland's Data Protection Commission (DPC).

The aftermath of FTX's implosion is still being felt across the crypto world. BlockFi, a cryptocurrency lender, has now become the latest casualty of the events that brought FTX down.

Bitcoin has climbed 1.6% in the past 24 hours to trade at $16,465.76. Compared to last week, it is 4.1% up.

Airtel has finally launched its 5G service in Patna. The telecom company is rolling out the high-speed network in a phased manner and will gradually cover the whole city.

Amazon will bring down the curtain on Amazon Distribution, its wholesale e-commerce platform that caters to small neighborhood stores in India.

The stock market on Monday closed on a positive note. The Sensex settled at 62,504.8 points, while Nifty ended at 18,562.75 points - both registering a new record-high closing.

Bitcoin has shed 2.1% over the last 24 hours, trading at $16,220.45. It is 0.5% lower than the previous week.

Bitcoin's movement is flat in comparison to yesterday and is now trading at $16,585.68. Compared to last week, it is down by 0.8%.

Tiantian Kullander, the co-founder of cryptocurrency firm Amber Group, reportedly passed away in his sleep on Wednesday (November 23). He was 30.

Bitcoin has risen 1.4% over the last 24 hours to trade at $16,633.09. However, it is down 0.4% from last week.

Earlier this week, Amazon was summoned by India's Labor Ministry to appear before the Deputy Labor Commissioner, Bengaluru after receiving a complaint about the company's Voluntary Separation Program (VSP).

India's unemployment rate in the July-September quarter of 2022 in urban areas slowed down to 7.2%, which is comparatively lower than the 7.6% recorded during the April-June quarter.

Reliance Jio has now rolled out 5G service across 33 districts of Gujarat.

Black Friday is a big day for Amazon. In the last two years, the e-commerce giant captured the majority of Black Friday sales.

The stock market closed on a flat note on Friday with the Sensex settling at 62,293.64 points and Nifty ending flat at 18,512.75 points.

Bitcoin has slipped 1.8% in the past 24 hours to trade at $16,396.67. It is 1.9% lower than the week before.

Bisleri International, India's largest packaged water company, is set to be acquired by Tata Consumer Products Ltd (TCPL). The Tata Group company will reportedly pay Rs. 6,000-7,000 crore for Bisleri.

The benchmark Sensex and Nifty indices on Thursday showed an upward trend, continuing their winning streak. The Sensex rose 1.22% to 62,272.68 points while the Nifty gained 1.19% to end at 18,484.10 points.

Reliance Jio has launched its True 5G services in Pune. Users in the city will be invited to the Jio 5G Welcome Offer via the MyJio app.

A protest that erupted over unpaid wages and the fear of an infectious outbreak on Tuesday night rocked Foxconn's iPhone manufacturing plant in Zhengzhou. The COVID-hit factory saw workers clashing with police and security personnel.

A string of scandals this year has dogged Swiss bank Credit Suisse. Add to that the challenging economic environment, and we have a recipe for disaster.

Bitcoin has gone up by 1.2% in the past 24 hours to trade at $16,688.36. Compared to last week, it is flat.

Last week, Amazon announced that it plans to lay off around 10,000 employees. Now, India's Labor Ministry has summoned the company to appear before the Deputy Labor Commissioner in Bengaluru about the Voluntary Separation Program (VSP).

The Ministry of Labour and Employment on Wednesday summoned Amazon India in connection with the company's alleged forced firing of employees, IANS reported.

A Delaware bankruptcy courtroom was the stage for one of the most anticipated bankruptcy hearings in recent times.

The stock market closed on a flat note on Wednesday with the Sensex settling at 61,510.58 points and Nifty ending flat at 18,267.25 points.

Layoffs in the tech world are in full swing. Another major tech company has joined the list of giants who have announced job cuts this year.

Bitcoin has gone up by 4.2% in the past 24 hours to trade at $16,499.39. Compared to last week, it is 2.3% down.

George Hotz once famously turned down an offer to work at Tesla. He later founded Comma.ai to bring Tesla-like autopilot functionality to other cars.

On Tuesday, major indices of the stock market ended flat with the Sensex settling at 61,418.96 points and the Nifty closing at 18,244.2 points.

If this year has proven anything, it is that no one is immune to the layoff bug that has created havoc in Silicon Valley. After withstanding the phenomenon for a while, Google may have fallen prey to it, too.

Bitcoin has dropped 2.4% in the past 24 hours to trade at $15,827.06. Compared to last week, it is 4.9% down.

Union Finance Minister Nirmala Sitharaman on Monday, as part of pre-Budget 2023-24 consultations, virtually held discussions with experts and industry leaders in infrastructure and climate change areas.

On Monday, the benchmark Sensex and Nifty indices were on a downward trend, continuing their losing streak for the third straight day. While the Sensex plunged 0.85% to 61,144.84 points, the Nifty fell 0.81% to 18,159.95 points.

Bitcoin has slipped 3.2% in the past 24 hours to trade at $16,163.44. It is 1.1% lower than the week before.

Billionaire entrepreneur and Amazon founder Jeff Bezos has warned of economic recession in the world.

Bitcoin has risen by 0.8% over the last 24 hours to now trade at $16,695.13. It is down 0.6% from last week.

The wheels of change are already turning at the microblogging platform Twitter.

Amid the layoff season across the globe, especially in the tech world, homegrown food aggregator and delivery platform Zomato has confirmed that it will lay off around 3% of its workforce across various departments, Livemint reported.

Bitcoin has dropped 1.3% of its value in the past 24 hours to trade at $16,606.58. Compared to last week, it is 2.8% down.

The founder and CEO of failed blood-testing start-up Theranos, Elizabeth Holmes, has been sentenced to 11 years and three months in prison for defrauding investors.

The stock market on Friday ended on a sluggish note as the Sensex settled at 61,663.48 points and the Nifty stood at 18,307.65 points.

Elizabeth Holmes, the disgraced former CEO of Theranos, is set to be sentenced on Friday after being found guilty of defrauding investors.

Bitcoin has gone up by 1.8% in the past 24 hours to trade at $16,825.88. Compared to last week, it is 4.4% down.

A new wave of resignations has hit Twitter after Elon Musk's 'be hardcore and stay or leave with a severance pay' ultimatum.

Meta has announced the appointment of Sandhya Devanathan as the new head of its India operations. Her appointment follows a string of high-profile departures from the company, including that of former head Ajit Mohan.

On Thursday, major indices of the stock market ended in the hands of bears with the Sensex settling 230 points down at 61,750.6 and the Nifty closing at 18,343.9 points.

Layoff season is here. After over two decades of booming stocks and high-paid jobs, the tech industry is now in the middle of a rough patch.

Earlier this week, we found out that e-commerce giant Amazon plans to cut around 10,000 jobs. The company has now confirmed that it will be slashing the workforce.

Bitcoin has lost 2.2% in the last 24 hours and is now trading at $16,521.63. It is 4.9% up compared to last week.

India's smartphone market has presented a grim picture yet again.

Ashneer Grover, the co-founder and former MD of BharatPe, was at his candid best in his tweets about WhatsApp Pay. He called the UPI-based payment service from the popular chat platform the biggest failure in India as a tech product.

The American multinational cosmetics brand, Estee Lauder has agreed to buy designer Tom Ford's company for a whopping $2.8 billion.