Business News

No jargons, no mumbo-jumbo. Read the unadulterated Business news here.

Sensex closes at 54,289 points, Nifty settles below 16,300

Sensex closes at 54,289 points, Nifty settles below 16,300

News articles
Sensex climbs 1,534 points, Nifty settles above 16,250 points

20 May 2022

Stock Market
Sensex climbs 1,534 points, Nifty settles above 16,250 points

The stock market on Friday has closed on a bullish note. While the Sensex gained 1,534.16 points to settle at 54,326.39 points, the Nifty climbed 456.75 points, closing at 16,266.15 points.

Why are edtech firms like Unacademy and Vedantu firing employees?

20 May 2022

EdTech
Why are edtech firms like Unacademy and Vedantu firing employees?

As India's edtech bubble continues to burst, firms that enjoyed unparalleled success in the last couple of years are now on the path of sustenance.

Sensex slips by 1,416 points, Nifty settles below 15,850

19 May 2022

Stock Market
Sensex slips by 1,416 points, Nifty settles below 15,850

On Thursday, the Indian equity benchmarks extended their fall for the second straight session over fears of slower economic growth.

Rivaling Amazon, Walmart-backed PhonePe to buy two wealth management firms

18 May 2022

PhonePe
Rivaling Amazon, Walmart-backed PhonePe to buy two wealth management firms

Walmart-owned payments platform PhonePe is set to acquire two investment technology firms WelathDesk and OpenQ for a combined value of $75 million.

Sensex closes at 54,209 points, Nifty settles below 16,250

18 May 2022

Stock Market
Sensex closes at 54,209 points, Nifty settles below 16,250

The stock market on Wednesday slipped into the red, pausing a two-day upward trend. The Sensex settled at 54,209 points and the Nifty stood at 16,240 points.

Twitter says Elon Musk signed acquisition deal without due diligence

18 May 2022

Twitter
Twitter says Elon Musk signed acquisition deal without due diligence

In the preliminary proxy statement filed with the US Securities and Exchange Commission related to the deal with Elon Musk, Twitter has claimed that Musk had opted out of asking any questions about the company's business.

Paytm Mall's valuation down 99% after Alibaba, Ant Financial's exit

18 May 2022

Paytm Mall
Paytm Mall's valuation down 99% after Alibaba, Ant Financial's exit

Paytm Mall, One97 Communications' e-commerce arm, saw a significant drop in valuation as its key backers Alibaba and Ant Financial exited the firm.

SC extends demolition of Noida's Supertech twin towers: Details here
SC extends demolition of Noida's Supertech twin towers: Details here

The Supreme Court on Tuesday granted an extension until August 28 for demolishing the twin towers at Supertech Emerald Court in Noida's Sector 93.

Centre eases ban on wheat export: Here are more details

17 May 2022

India
Centre eases ban on wheat export: Here are more details

Just days after banning the export of wheat, the Centre on Tuesday announced relaxations its order restricting wheat export issued on Friday.

Sensex climbs to 54,318.47 points, Nifty ends above 16,250 points

17 May 2022

Stock Market
Sensex climbs to 54,318.47 points, Nifty ends above 16,250 points

The stock market on Tuesday closed in the hands of bull as the Sensex rose 2.48% to 54,318.47 points while the Nifty climbed 2.56% to 16,259.3 points.

Adani Group acquires Holcim's stake in Ambuja, ACC for $10.5bn

17 May 2022

Adani Group
Adani Group acquires Holcim's stake in Ambuja, ACC for $10.5bn

Swiss cement giant Holcim has decided to exit India by selling its business in the country to Gautam Adani-led conglomerate for $10.5 billion.

Twitter doesn't believe in free speech, claims alleged employee

17 May 2022

Twitter
Twitter doesn't believe in free speech, claims alleged employee

We have heard rumors about Twitter being biased toward the left-wing and the company's employees hating Elon Musk's proposed $44 billion acquisition.

Global wheat prices surge by 6% after India's export ban

17 May 2022

India
Global wheat prices surge by 6% after India's export ban

When global markets opened Monday, international wheat prices were up nearly 6% per bushel (or 27.21 kg) compared to Saturday after India's wheat export ban.

LIC IPO debuts on Dalal Street at discounted price

17 May 2022

LIC
LIC IPO debuts on Dalal Street at discounted price

Following a much-awaited Initial Public Offering (IPO), LIC has made its debut on Dalal Street.

Harley-Davidson emerges as market leader in India's premium bike segment

16 May 2022

Harley-Davidson
Harley-Davidson emerges as market leader in India's premium bike segment

Thanks to its pact with Hero MotoCorp, Harley-Davidson has staged a comeback in India by emerging as the market leader in the high-end motorbike segment.

Sensex, Nifty halt 6-day plunge to settle in the green

16 May 2022

Stock Market
Sensex, Nifty halt 6-day plunge to settle in the green

On Monday, the stock market managed to end in the green, halting a sharp six-day plunge, in highly volatile trade.

Tesla suspends India entry plan after impasse over lowering tariffs

15 May 2022

Tesla
Tesla suspends India entry plan after impasse over lowering tariffs

Tesla has decided to put on hold its plan to sell electric cars in India as it failed to secure lower import taxes. The company has stopped looking for showroom space and even reassigned some of its India team.

Ford will not make EVs in India; withdraws PLI application

15 May 2022

Ford
Ford will not make EVs in India; withdraws PLI application

Ford has scrapped its plans to manufacture EVs in India for the global markets. Geopolitical tensions and a difficult business case might have influenced this decision.

Netflix is exploring livestreaming options for the first time

15 May 2022

Netflix
Netflix is exploring livestreaming options for the first time

The last few months haven't been good for Netflix, with the company's earnings report showing customer loss for the first time in a decade.

Wheat exports: Minister responds to G7 nations' criticism on ban

15 May 2022

India
Wheat exports: Minister responds to G7 nations' criticism on ban

India's move to ban wheat exports drew criticism from the Group of Seven (G7) nations saying such steps might be unproductive and worsen the situation of rising commodity prices.

Low output estimate: India bans wheat exports in policy reversal

14 May 2022

India
Low output estimate: India bans wheat exports in policy reversal

India has banned wheat exports with immediate effect as part of its efforts to limit hike in domestic prices.

Elon Musk puts Twitter acquisition temporarily on hold: Here's why

13 May 2022

Twitter
Elon Musk puts Twitter acquisition temporarily on hold: Here's why

In a surprise turn of events, Elon Musk has put his $44 billion acquisition of Twitter on hold temporarily.

Sensex and Nifty erase gains to close in red again

13 May 2022

Sensex
Sensex and Nifty erase gains to close in red again

The Indian stock market on Friday extended fall for the sixth straight day as the Sensex and Nifty shed their early gains to close in red at 52,793.62 and 15,782.15 points, respectively.

Twitter CEO Parag Agrawal removes two senior executives; pauses hiring

13 May 2022

Twitter
Twitter CEO Parag Agrawal removes two senior executives; pauses hiring

Twitter is going through an uneasy transition as it prepares for Elon Musk's $44 billion acquisition. The uneasiness has spread to the top as two senior executives of the company are heading toward the exit.

Saudi Aramco dethrones Apple to become world's most valuable company

12 May 2022

Saudi Aramco
Saudi Aramco dethrones Apple to become world's most valuable company

Saudi Aramco, the petroleum and natural gas giant from Saudi Arabia, has dethroned Apple to become the most valuable company in the world.

Aviation veteran Campbell Wilson is new CEO of Air India

12 May 2022

Air India
Aviation veteran Campbell Wilson is new CEO of Air India

Campbell Wilson, the former CEO of low-cost airline Scoot (a Singapore Airlines subsidiary), has been named the new CEO and Managing Director (MD) of Air India, according to an official announcement by Tata Sons on Thursday.

Sensex crashes over 1,150 points, Nifty barely holds 15,800 mark

12 May 2022

Stock Market
Sensex crashes over 1,150 points, Nifty barely holds 15,800 mark

The stock market on Thursday continued the losing streak for the fifth day in a row as the Sensex slid 1,158.08 points to 52,930.31 points while the Nifty shed 359.1 points to 15,808 points.

Sensex closes at 54,088 points, Nifty settles below 16,200

11 May 2022

Stock Market
Sensex closes at 54,088 points, Nifty settles below 16,200

On Wednesday, major indices of the stock market ended flat with the Sensex settling at 54,088.39 points and the Nifty closing at 16,167.1 points.

Hinge, Tinder's parent company sues Google over restrictive billing practices

11 May 2022

Google
Hinge, Tinder's parent company sues Google over restrictive billing practices

Tinder's parent company Match Group has sued Google, alleging that its Android apps are being forced to use Google Play Store billing for payments and pay a 30% royalty on each transaction.

Elon Musk says he would reverse Donald Trump's Twitter ban

11 May 2022

Twitter
Elon Musk says he would reverse Donald Trump's Twitter ban

Future Twitter owner Elon Musk has answered the question that has been bugging everyone since he decided to acquire the microblogging platform.

How Tiger Global lost $17 billion in tech investments

10 May 2022

Stock Market
How Tiger Global lost $17 billion in tech investments

New York-based Tiger Global, one of the world's biggest hedge funds, has been hit by losses of around $17 billion this year caused by the large-scale sell-off of technology stocks since last week.

Sensex closes at 54,365 points, Nifty settles below 16,250

10 May 2022

Stock Market
Sensex closes at 54,365 points, Nifty settles below 16,250

The stock market on Tuesday ended on a sluggish note, extending the fall for a third straight session in volatile trade.

Xiaomi alleges coercion by Enforcement Directorate; China seeks fair treatment

10 May 2022

Xiaomi
Xiaomi alleges coercion by Enforcement Directorate; China seeks fair treatment

The Xiaomi India v/s Enforcement Directorate (ED) saga has seemingly entered a crucial phase, with the tech giant alleging threats of physical violence and intimidation by the Indian agency.

Sensex slips to 54,471 points, Nifty barely holds 16,300 mark

09 May 2022

Sensex
Sensex slips to 54,471 points, Nifty barely holds 16,300 mark

On Monday, the benchmark Sensex and Nifty indices were on a downward trend amid weak global cues.

Rupee plunges to all-time low of 77.42 against US dollar

09 May 2022

US Dollars
Rupee plunges to all-time low of 77.42 against US dollar

Extending its losses, the Indian rupee touched an all-time low of 77.42 against the US dollar in early trade on Monday.

Is Elon Musk fearing death after veiled threat from Russia?

09 May 2022

Elon Musk
Is Elon Musk fearing death after veiled threat from Russia?

Elon Musk has whipped up a storm with his latest tweet talking about his death under "mysterious circumstances."

Bengaluru-based Wakefit announces 30-minute 'Right to Nap' for employees

07 May 2022

Startups
Bengaluru-based Wakefit announces 30-minute 'Right to Nap' for employees

Bengaluru-based Wakefit Solutions has been in the business of sleep for six years. The company has now taken things up a notch by introducing what they call the "Right to Nap."

Karnataka HC stays ED's seizure of Xiaomi's assets: Details here

07 May 2022

Xiaomi
Karnataka HC stays ED's seizure of Xiaomi's assets: Details here

In a huge relief to Xiaomi India, a vacation bench of the Karnataka High Court ordered an interim stay on the seizure of its assets worth Rs. 5,551.27 crore by the Enforcement Directorate (ED).

Domestic LPG cylinder price hiked by Rs. 50: Check rates

07 May 2022

Lpg Cylinder
Domestic LPG cylinder price hiked by Rs. 50: Check rates

The price of the 14.2kg liquefied petroleum gas (LPG) cylinder has been hiked by Rs. 50 with effect from Saturday.

Hindustan Unilever hikes product prices for second time within month
Hindustan Unilever hikes product prices for second time within month

Indian consumers are likely to bear face an extra burden on their pockets as the country's FMCG giant Hindustan Unilever (HUL) raised product prices by up to 15% across categories, CNBC-TV18 reported on Friday.

Prev
1 2 3 4 5 6
Next