Business News

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World's leading solar manufacturer Longi to trim workforce by 30%

19 Mar 2024

Elon Musk

Elon Musk says using ketamine helps manage 'negative chemical state'

In an interview, Tesla's CEO Elon Musk confessed to using prescribed ketamine and asserted its "beneficial impact on investors," as reported by Reuters.

18 Mar 2024

Tata Power

Tata to sell TCS shares worth Rs. 9,300cr: Here's why

Tata Sons is set to sell approximately 2.34 crore shares of Tata Consultancy Services (TCS). The proposed deal is valued at around Rs. 9,300 crore.

18 Mar 2024

Insurance

India's insurance sector attracted Rs. 54,000cr FDI since 2014

Over the past nine years, India's insurance sector has seen a significant influx of foreign direct investment (FDI), totaling nearly Rs. 54,000 crore.

Pakistan fixes interest rate at 22% as inflation nears 33%

In an attempt to combat alarming inflation rate of 32.89%, Pakistan's central bank has decided to keep its primary interest rate steady at 22% for sixth fiscal term in a row.

18 Mar 2024

Morgan Stanley

India's growth unlikely to match China's historic levels: Morgan Stanley

Morgan Stanley's Chief Asia Economist, Chetan Ahya, suggests that India may not match China's historic growth rates of 8-10%.

18 Mar 2024

Startups

Indian start-ups likely to secure $8-12B funding in 2024

Rajan Anandan, the managing director of venture capital firm Peak XV, anticipates that Indian start-ups are on track to garner between $8 and $12 billion in funding this year.

T+0 trade settlement in India soon: Why it matters

India is on the brink of a stock trading sector revolution with the introduction of the T+0 trade settlement cycle.

18 Mar 2024

Indian Government

Indian government close to finalizing deep tech start-up policy

The Indian government is establishing a dedicated policy to foster the growth of deep technology start-ups, as per Rajesh Kumar Singh, Secretary of the Ministry of Commerce and Industry.

18 Mar 2024

Infosys

Narayana Murthy gifts 4-month-old grandson Infosys shares worth Rs. 240cr

Narayana Murthy, founder of Infosys, has gifted the company's shares worth over Rs. 240 crore to his four-month-old grandson, Ekagrah Rohan Murty.

18 Mar 2024

Stock Market

Sensex gains 105 points, Nifty settles above 22,050

On Monday, major indices of the stock market ended flat but in the green.

18 Mar 2024

Adani Group

Why all Adani stocks are trading in red today

In a major setback to Adani Group, all 10 companies that are part of conglomerate have experienced a rout on stock market.

18 Mar 2024

Australia

Uber pays $178M to settle conflict with Australian taxi drivers

Uber has agreed to a pay $178 million to resolve a long-standing disagreement with taxi and private hire car drivers in Australia.

18 Mar 2024

China

India is now the third-biggest smartphone exporter to US

India's smartphone shipments to the United States have witnessed a remarkable upswing, hitting $3.53 billion between April-December of this fiscal year, per government data.

18 Mar 2024

Binny Bansal

Flipkart co-founder Binny Bansal invests additional Rs. 200cr in Curefoods

Flipkart co-founder Binny Bansal, through his fund Three State Ventures, has increased his investment in cloud kitchen start-up Curefoods by Rs. 200 crore.

18 Mar 2024

Cryptocurrency

Today's cryptocurrency prices: Check Bitcoin, Ethereum, Dogecoin, Tether rates

Bitcoin has climbed 3.08% over the last 24 hours, trading at $68,338.07. It is 0.26% lower than the previous week.

18 Mar 2024

Reddit

Reddit IPO oversubscribed five times: Is a bumper listing expected?

Reddit's initial public offering (IPO) has been oversubscribed between four to five times, as reported by Reuters.

17 Mar 2024

India

India's retail job applications witnessed 8% rise in 2023

In 2023, retail job applications in India saw an increase of 8% compared to the previous year, as per data from recruitment firm WorkIndia.

17 Mar 2024

India

India emerges as new toy manufacturing hub for global brands

India's toy industry has seen a significant surge between FY15 and FY23, with exports skyrocketing by 239% and imports dropping by 52%.

17 Mar 2024

Reliance Industries

Reliance leads top 5 firms with significant market cap drop

Over the past week, five of India's top 10 valued companies experienced a combined market capitalization loss of Rs. 2,23,660 crore.

17 Mar 2024

Cryptocurrency

Cryptocurrency prices today: Check rates of Bitcoin, Dogecoin, Solana, BNB

Bitcoin has slipped 3.43% in the past 24 hours and is now trading at $66,431.13. It is 4.43% lower than the week before.

16 Mar 2024

Stock Market

This railway stock has gained 1,150% in merely 5 years

Rail Vikas Nigam Limited (RVNL), a public sector railway stock, has seen an impressive growth of 1,150% in nearly five years.

16 Mar 2024

Apple

Apple loses bid to dismiss stalking allegations linked to AirTags

Apple has failed in its attempt to dismiss a lawsuit that alleges its AirTags are being used by stalkers.

16 Mar 2024

SpaceX

SpaceX employees cannot sell stocks if they breach company policies

SpaceX imposes unique conditions on its employees' stock awards, leaked internal documents viewed by TechCrunch have revealed.

16 Mar 2024

Cryptocurrency

Today's cryptocurrency prices: Check rates of Bitcoin, Dogecoin, Tether, BNB

Bitcoin has surged 2.37% in the past 24 hours and is currently trading at $68,833.51. It is up by 0.75% compared to last week.

15 Mar 2024

Amitabh Bachchan

High-net-worth individuals eye auction of bungalow adjacent to Bachchan residence

Deutsche Bank India is set to auction a bungalow located next to Bollywood superstar Amitabh Bachchan's residence, Jalsa, in Mumbai's upscale Juhu area.

15 Mar 2024

Zee

Star India initiates arbitration proceedings against Zee Entertainment: Here's why

Star India, a Walt Disney-owned company, has initiated arbitration proceedings against Zee Entertainment Enterprises Limited.

15 Mar 2024

India

India's trade deficit climbs to $18.71 billion, exports also rise 

India's Commerce Ministry announced today that the country's merchandise trade deficit had grown to $18.71 billion in February 2024, up from $17.49 billion the previous month.

15 Mar 2024

Stock Market

Sensex tanks 456 points, Nifty settles above 22,000 mark

On Friday, the benchmark Sensex and Nifty indices were on a downward trend.

15 Mar 2024

Arvind Subramanian

Arvind Subramanian questions latest GDP numbers, calls it 'mystifying'

Former Chief Economic Adviser to the Government of India, Arvind Subramanian, has called into question India's latest gross domestic product (GDP) figures, describing them as "mystifying" and not adding up.

15 Mar 2024

Bernie Sanders

Bernie Sanders advocates four-day workweek with unchanged pay in US

US Senator Bernie Sanders has proposed a bill advocating for a 32-hour workweek without any reduction in pay.

15 Mar 2024

Satoshi Nakamoto

Craig Wright is not Bitcoin creator Satoshi Nakamoto: UK court

In a landmark ruling, the High Court in London has determined that Australian computer scientist Craig Wright is not Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

15 Mar 2024

Cryptocurrency

Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, BNB

Bitcoin has slipped 6.93% in the past 24 hours and is currently trading at $67,801.12. It is 1.19% higher than the week before.

15 Mar 2024

Paytm

Yes Bank, Axis Bank initiate operations on Paytm's UPI platform

Yes Bank and Axis Bank have commenced operations on the Paytm app's Unified Payments Interface (UPI) platform, as of today (March 15).

15 Mar 2024

Stock Market

Small-cap stock decline wipes out Rs. 9L crore investor wealth

The stock market has experienced a substantial decline since February 19, with small-cap stocks bearing the brunt of the downturn.

14 Mar 2024

HDFC Bank

Paytm secures NPCI approval to operate as third-party UPI app

The National Payments Corporation of India (NPCI) has given the green light to One97 Communications Limited, the parent company of Paytm, to function as a Third-Party Application Provider (TPAP) for Unified Payments Interface (UPI) services.

14 Mar 2024

Elon Musk

Why Elon Musk canceled Don Lemon's show on X

Elon Musk has unexpectedly canceled TV journalist Don Lemon's forthcoming show on social media platform X.

14 Mar 2024

Stock Market

Sensex regains 73,000 mark, Nifty settles near 22,150

On Thursday, the stock market had a bearish opening, but the benchmark Sensex and Nifty indices witnessed a late surge.

14 Mar 2024

Tesla

Tesla paid no income taxes while its executives received billions

Tesla, the electric vehicle giant, didn't pay any federal income taxes from 2018 to 2022 despite earning $4.4 billion during this period, as per a watchdog report.

14 Mar 2024

Paytm

Paytm's parent company considers job cuts across departments

One 97 Communications, the parent company of fintech unicorn Paytm, is reportedly planning to reduce its workforce across various departments.

14 Mar 2024

Paytm

Paytm's bank shuts down tomorrow: What services will be impacted

Paytm Payments Bank Ltd (PPBL), the banking arm of Paytm, will halt its services from tomorrow (March 15).

14 Mar 2024

Cryptocurrency

Cryptocurrency prices: Check today's rates of Bitcoin, Dogecoin, Tether, Solana

Bitcoin has climbed 1.22% in the past 24 hours and is trading at $73,046.14. It is 10.89% higher than last week.

14 Mar 2024

Viacom 18

Reliance buys Paramount's 13% stake in Viacom18 for Rs. 4,286cr

Reliance Industries has entered into a binding agreement to acquire Paramount Global's 13.01% stake in Viacom18 Media for Rs. 4,286 crore, according to an RIL regulatory filing.

13 Mar 2024

Israel

Israeli start-up raises $47M for AI that helps grieving individuals

Empathy, an Israeli start-up, has secured $47 million in funding for its unique AI platform.

13 Mar 2024

Stock Market

Sensex plunges over 900 points, Nifty settles below 22,000 mark

On Wednesday, the stock market was in the hands of bear as the Sensex slipped 906.07 points, or 1.25%, to 72,761.89 points, while the Nifty dropped 338 points, or 1.54%, to 21,997.7 points.

13 Mar 2024

Donald Trump

Trump tried selling his 'Truth Social' platform to Elon Musk

Former US President Donald Trump reportedly tried selling Truth Social—his social media brainchild—to Elon Musk last summer.

13 Mar 2024

Google

Google's AI chatbot won't answer your election queries in India

Google has confirmed the implementation of a new policy in India in connection with its AI chatbot Gemini.

13 Mar 2024

Cryptocurrency

Cryptocurrency prices today: Check rates of Bitcoin, Dogecoin, Tether, BNB

Bitcoin has risen 0.35% over the last 24 hours to trade at $72,113.83. It is up by 11.12% from last week.

12 Mar 2024

Blockchain

Kickstarter's transformation: A covert $100 million investment for web3 pivot

In a surprising turn of events, crowdfunding platform Kickstarter received a $100 million investment offer in December 2021, to transition into a web3 company.