Business News
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05 Aug 2021
Department of Telecommunications (DoT)Vodafone Idea shares hit 52-week low amid uncertainty over future
Trouble is mounting for debt-laden Vodafone Idea (Vi) as its shares tanked as much as 24% on the Bombay Stock Exchange Thursday.
05 Aug 2021
Bombay Stock Exchange (BSE)Sensex and Nifty scale fresh lifetime highs
Extending its winning streak to the fourth straight session, equity benchmark Sensex ended 123.07 points higher at a fresh record on Thursday amid gains in index majors Reliance Industries, HDFC Bank, and ITC.
05 Aug 2021
FlipkartFlipkart, founders, nine others slapped with Rs. 10,600-crore ED notice
Walmart-backed e-commerce platform Flipkart, its founders, and nine other entities including investor Tiger Global have been slapped with notices by the Indian government's Enforcement Directorate (ED) for the alleged violation of foreign exchange (forex) laws regarding investment.
04 Aug 2021
IndiaBritannia to hike product prices over rising cost amid COVID-19
Food company Britannia Industries has announced it will gradually undertake a price hike of its products in view of a sharp rise in cost amid the COVID-19 pandemic.
04 Aug 2021
Bombay Stock Exchange (BSE)Sensex crosses 54K for first time; Nifty soars past 16,200
Equity benchmark Sensex rallied over 400 points in early trade on Wednesday and soared past the 54,000 mark, led by gains in index majors Infosys, HDFC, and ICICI Bank amid a positive trend in global markets.
03 Aug 2021
Bill GatesBill Gates, Melinda French Gates are now officially divorced
Bill and Melinda French Gates are now officially divorced after Washington's King County court approved their divorce on Monday. According to the order, the 27-year marriage ended after the two agreed on a "separation contract" that wasn't filed in the divorce proceedings.
03 Aug 2021
Bombay Stock Exchange (BSE)A fresh high: Sensex zooms 873 points; Nifty scales 16K
Equity benchmark Sensex skyrocketed 873 points to a fresh closing peak while the Nifty finished above the 16,000 mark for the first time on Tuesday, driven by gains in index heavyweights HDFC, Infosys and TCS.
03 Aug 2021
Electric VehiclesRejecting Tesla's appeal, government says won't slash duties on EVs
Since 2018, American carmaker Tesla has repeatedly expressed interest in entering the Indian market. However, weeks after Tesla appealed to reduce taxes, the Indian government stated that it has no plans to slash import duties for electric vehicles.
02 Aug 2021
Startups#FundingAlert: Unacademy raises $440 million, now valued at $3.4 billion
The ed-tech industry in India continues to boom amid the raging pandemic. And, now ed-tech start-up Unacademy has successfully raised $440 million in a new funding round led by Singapore's state-run Temasek Holdings.
02 Aug 2021
Narendra Modi#NewsBytesExplainer: What's the e-RUPI system and how does it work?
Accelerating the transition to a digital financial ecosystem in the country, Prime Minister Narendra Modi launched the e-RUPI digital payment system today.
02 Aug 2021
Kumar Mangalam BirlaKM Birla offers to hand over VIL stake to government
The Chairman of Aditya Birla Group Kumar Mangalam Birla has offered to hand over his stake in debt-laden Vodafone Idea Ltd. (VIL) to the government or any other entity that the government may consider worthy to keep the company operational.
02 Aug 2021
Bombay Stock Exchange (BSE)Sensex jumps over 300 points in early trade
Equity benchmark Sensex surged over 300 points in early trade on Monday, tracking gains in index majors HDFC, Reliance Industries, and Infosys amid a positive trend in global equities.
31 Jul 2021
COVID-19 VaccinationFacebook and Google mandate employee vaccination before returning to offices
Employers around the world have taken the onus to vaccinate their employees against the contagious COVID-19 disease. In the US, tech giants such as Google and Facebook also had plans to reopen office spaces.
30 Jul 2021
Bombay Stock Exchange (BSE)Sensex rises over 125 points in early trade
Equity benchmark Sensex surged over 125 points in early trade on Friday, tracking gains in index majors Tech Mahindra, TCS, and HDFC twins.
30 Jul 2021
StartupsLeher, IIM Bangalore's SIGMA club collaborate for product management competition
We are at a watershed moment in the social media industry where audio-based real-time interaction platforms have caught on and are witnessing a boom.
29 Jul 2021
YouTubeAlphabet Inc. beats all-time record with $61.9 billion revenue
Google's parent company Alphabet Inc. has logged $61.9 billion in revenue and $27.26 in earnings per share during the second quarter ending June 30, 2021.
29 Jul 2021
MumbaiSensex rises over 200 points in early trade
Equity benchmark Sensex jumped over 200 points in early trade on Thursday, tracking gains in index majors Reliance Industries, Infosys, and HCL Tech amid a largely positive trend in global markets.
29 Jul 2021
MicrosoftHere are all the key points from Microsoft's earnings report
Microsoft has posted its financial results for the fourth quarter of the fiscal year 2021. The company reported $46.2 billion in revenue, and $16.5 billion as its net income.
28 Jul 2021
AppleApple posts record earnings in this quarter. Reason is iPhone
On July 27, Apple announced its financial results for the third quarter of FY 2021 that ended on June 26. The company claims that its quarterly revenue of $81.4 billion marks a 36 percent year-on-year increase.
28 Jul 2021
Reserve Bank Of India (RBI)Depositors to get Rs. 5L insurance if bank under moratorium
The Indian government on Wednesday cleared amendments to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961, thus providing a big relief to the customers of failed or stressed banks.
28 Jul 2021
Bombay Stock Exchange (BSE)Sensex drops over 250 points in early trade
Equity benchmark Sensex dropped over 250 points in early trade on Wednesday, tracking losses in index majors HDFC twins, Reliance Industries and Infosys amid a negative trend in global markets.
27 Jul 2021
Blue OriginBezos pens open letter to NASA about Artemis lander contract
Shortly after journeying to the edge of space, Jeff Bezos has stepped in to resolve his company Blue Origin's dispute with NASA.
27 Jul 2021
Business#FundingAlert: ShareChat's parent raises $145 million led by Temasek, MSV
The parent company behind ShareChat and short video app Moj, Mohalla Tech has successfully raised $145 million as an extension of its Series F funding round.
27 Jul 2021
MumbaiSensex rises over 150 points in early trade
Equity benchmark Sensex surged over 150 points in early trade on Tuesday, tracking gains in index majors HDFC Bank, ICICI Bank, and Tata Steel amid a positive trend in global markets.
26 Jul 2021
Indian EconomySpike in rural unemployment; urban unemployment rises marginally: CMIE
Rural India is witnessing a spike in the weekly unemployment rate, according to data from the Centre for Monitoring Indian Economy (CMIE).
26 Jul 2021
Reserve Bank Of India (RBI)No plans to print currency notes: Sitharaman on economic crisis
The government has no plan to print currency notes to tide over the current economic crisis triggered by the outbreak of the COVID-19 pandemic, Finance Minister Nirmala Sitharaman informed Parliament on Monday.
23 Jul 2021
Bharti AirtelAGR dues: SC rejects telcos' plea seeking corrections in dues
In a major blow to major Indian telecom players, the Supreme Court on Friday rejected the applications by Bharti Airtel, Vodafone Idea, and Tata Teleservices, seeking corrections in the calculation of the adjusted gross revenue (AGR) owed to the Centre.
23 Jul 2021
ZomatoZomato makes stellar stock market debut; lists at 53% premium
Shares of food delivery giant Zomato Friday made a stellar debut on stock markets as the company created history by becoming the first Indian unicorn to go public.
22 Jul 2021
Bombay Stock Exchange (BSE)Sensex jumps over 400 points in early trade
Equity benchmark Sensex rallied over 400 points in early trade on Thursday, tracking gains in index majors HDFC Bank, Infosys, and ICICI Bank amid a positive trend in global markets.
21 Jul 2021
KolkataLamborghini aims at triple digit sales in India
Super luxury car manufacturer Lamborghini aims at triple-digit sales in India and plans to launch models concurrently in the country along with other nations, a company official said on Wednesday.
19 Jul 2021
Business#FundingAlert: Lenskart raises $220 million from Temasek, Falcon Edge Capital
Bengaluru-based eyewear retail start-up Lenskart is now valued at $2.5 billion, following a fresh $220 million investment led by Temasek and Falcon Edge Capital.
19 Jul 2021
Bombay Stock Exchange (BSE)Sensex tanks over 500 points in early trade
Equity benchmark Sensex plunged over 500 points in early trade on Monday, tracking heavy losses in HDFC twins, ICICI Bank and Kotak Bank amid weak cues from global markets.
18 Jul 2021
Reliance JioFiberHow to get free JioFiber for a year with referrals
Mukesh Ambani-led telecom giant Reliance Jio is aggressively popularizing its broadband service called JioFiber just like it popularized 4G cellular connections when it launched.
15 Jul 2021
Bombay Stock Exchange (BSE)Sensex jumps 255 points to end at a fresh record
Equity benchmark Sensex surged 255 points to close at an all-time high on Thursday, tracking gains in index majors HDFC Bank, L&T, and HCL Tech.
15 Jul 2021
AppleGovernment withdraws letter to Apple for compliance with IT Rules
The Centre has reportedly withdrawn a letter asking Apple to comply with new IT Rules, specifically about the company's messaging service.
15 Jul 2021
Fuel Price HikeFuel prices hiked again, petrol costs Rs. 101.54/liter in Delhi
Petrol price on Thursday was hiked by 35 paise per liter and diesel by 15 paise, pushing rates to a new high across the country.
15 Jul 2021
Reserve Bank Of India (RBI)RBI bars Mastercard from issuing new cards from July 22
In a major supervisory action, the Reserve Bank of India on Wednesday indefinitely barred the US-based Mastercard from issuing new credit, debit, and prepaid cards from July 22 for its failure to comply with data storage norms.
14 Jul 2021
Anurag ThakurDearness Allowance for government employees hiked from July 1
The Union Cabinet on Wednesday approved a hike in the Dearness Allowance (DA) and Dearness Relief (DR) for employees of the central government and pensioners.
14 Jul 2021
Burger King'We all quit': Burger King staff post on store sign
"We all quit," reads an atypical signboard outside a Burger King outlet in Lincoln, Nebraska in the United States.
14 Jul 2021
Bombay Stock Exchange (BSE)Sensex drops over 100 points in early trade
Equity benchmark Sensex dropped over 100 points in early trade on Wednesday, tracking losses in index majors ICICI Bank, HDFC twins, and Reliance Industries amid a negative trend in global markets.
