Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Sensex slips to 56,579.89 points, Nifty drops below 16,700
On Monday, the benchmark Sensex and Nifty indices were on a downward trend. While the Sensex plunged 1.09% to 56,579.89 points, the Nifty fell 1.29% to 16,953.95 points.
After adopting 'poison pill,' Twitter re-examining Elon Musk's buyout offer
Twitter is re-evaluating Elon Musk's buyout proposal as fresh negotiations between the two camps are underway.
Earth Day 2022: Zomato announces 100% plastic neutral deliveries
As an Earth Day preset, food delivery platform Zomato announced 100% plastic neutral deliveries from this month onward. The company has also set a target of delivering more than 10 crore orders in sustainable packaging.
Sensex falls 700 points; Nifty drops below 17,200 mark
On Friday, the benchmark Sensex and Nifty indices witnessed a fall. The Sensex plunged 1.25% to 57,197.15 points, while the Nifty fell 1.28% to 17,171.95 points.
'Poison pill' to 'tender offer': Decoding Musk's Twitter takeover strategy
For those who are wondering whether Elon Musk gave up on his pursuit of Twitter, well, you shouldn't.
Ola Electric's losses touched Rs. 200 crore in FY21
In the financial year ended March 2021, Ola Electric's losses touched nearly Rs. 200 crore.
Nestle to hike prices of Maggi, KitKat, Nescafe in India?
FMCG giant Nestle India said on Thursday the cost of key raw and packaging materials was seeing 10-year highs and continued to surge this quarter, impacting its profit from operations.
Sensex climbs to 57,911 points, Nifty settles near 17,400
On Thursday, the stock market had a bearish look but the benchmark Sensex and Nifty indices witnessed a surge. Sensex jumped 1.51% to 57,911.68 points while the Nifty climbed 1.47% to 17,392.6.
Tesla blows away estimates with record $3.3 billion quarterly profit
Tesla posted a record profit of $3.3 billion in the first quarter of 2022 amid supply chain constraints and production delays.
Musk's Boring Company reaches $5.7bn valuation with latest $675mn funding
Elon Musk's underground tunneling project, The Boring Company, has raised $675 million in Series C funding round. This takes the valuation of the enterprise to $5.7 billion.
Global smartphone shipments down by 11% in Q1 of 2022
Amid unfavorable conditions, smartphone shipments have fallen by 11% in the first quarter of 2022, says new data from Canalys.
Sensex climbs to 57,038 points, Nifty reclaims 17,100 mark
The benchmark Sensex and Nifty indices ended a five-day losing streak, thanks to gains in automobile and energy stocks.
Everything about Reliance JioFiber's postpaid plans with zero entry cost
Reliance Jio has announced several new plans under its JioFiber category, which offer extra benefits like zero entry cost, internet home gateway, and set-top box to users for free.
Sensex slips to 56,463.15 points, Nifty settles below 17,000 points
The benchmark Sensex and Nifty indices witnessed a slump, extending the losing streak for the fifth day. While the Sensex slipped 703.59 points to 56,463.15 points, the Nifty shed 215 points, or 1.27%, to 16,958.65 points.
Twitter board salary will be $0 if bid succeeds: Musk
In another episode of Elon Musk v/s Twitter, the multi-billionaire took a swipe at the board of Twitter.
Sensex slips to 57,167 points, Nifty settles below 17,200
The Indian equity benchmarks on Monday ended on a bearish note, dragged by information technology (IT) and banking stocks.
Sensex loses over 1,200 points; Infosys is down 7.5%
After a four-day gap, Indian stock markets have opened deep in red with Sensex down by 2.14% to hover around 57,088, while Nifty has plunged 1.9% to 17,147.05 points.
Twitter mounts 'poison pill' defense to resist Musk's takeover attempt
The ongoing Twitter-Elon Musk saga seems unlikely to end anytime soon.
Saudi Prince rejects Musk's Twitter offer; Vanguard becomes largest shareholder
Elon Musk's offer to buy 100% of Twitter for $43 billion was rejected by Saudi Arabian billionaire Prince Alwaleed bin Talal—who owns a stake in Twitter through Kingdom Holding Company.
CNG, piped gas rates hiked in Delhi, other cities
Piped natural gas (PNG) prices have been hiked in Delhi and adjoining cities for the second time this month, while compressed natural gas (CNG) has also become more expensive.
Here's why Enforcement Directorate has summoned Xiaomi's Manu Kumar Jain
The Enforcement Directorate has summoned Manu Kumar Jain, former managing director of Xiaomi India, in connection with an investigation under the Foreign Exchange Management Act, according to Reuters.
Sensex closes at 58,338.93 points, Nifty settles below 17,500 points
On Wednesday, major indices of the stock market ended flat with the Sensex settling at 58,338.93 points and the Nifty closing at 17,475.65 points.
Uber hikes Delhi-NCR fares by 12% over rising fuel prices
Cab hailing service Uber increased its fares in Delhi-NCR (National Capital Region) by 12% on Monday amid a fuel price hike.
CoinSwitch Kuber suspends crypto purchase and money transfer on app
Amid the regulatory uncertainties surrounding cryptocurrencies in India, CoinSwitch Kuber has temporarily disabled all modes of payments to purchase digital coins.
Sensex slips to 58,576.37 points, Nifty settles below 17,600 points
The markets on Tuesday, the benchmark Sensex and Nifty indices, witnessed a slump. While the Sensex slipped 388.2 points, or 0.66%, to 58,576.37 points, the Nifty shed 144.65 points, or 0.83%, to 17,530.3 points.
Sensex slips to 58,964.57 points, Nifty settles below 17,700
The benchmark Sensex and Nifty indices witnessed a slump on Monday, dragged by information technology (IT) stocks. While Sensex slipped 482.61 points to 58,964.57, the Nifty shed 109.4 points to 17,674.95.
Petrol, diesel prices remain unchanged for 5th consecutive day
The general public can breathe a sigh of relief as fuel prices in India remained unchanged for the fifth consecutive day on Monday.
Elon Musk makes U-turn; will not join Twitter's board
Elon Musk, who recently disclosed a 9.2% passive stake in microblogging platform Twitter, has decided not to join its board.
Reduce Twitter Blue's subscription price, ban advertising, says Elon Musk
Tesla and SpaceX founder Elon Musk, who recently disclosed a 9.2% stake in Twitter, has suggested a variety of changes to the microblogging platform's Twitter Blue premium subscription service.
BharatPe CEO Suhail Sameer apologizes for remarks on salary row
Fintech start-up BharatPe's CEO Suhail Sameer on Thursday apologized for his comments on social media, claiming the company's former chief Ashneer Grover had stolen all the money and they have very little left to pay salaries.
Sensex gains 412 points to close at 59,447 points
The benchmark Sensex and Nifty indices on Friday saw gains, putting an end to the 3-day losing streak. While the Sensex rose 0.69% to 59,447.18 points, the Nifty jumped 0.81% to 17,784.35 points.
RBI keeps key interest rates unchanged for 11th consecutive time
The Reserve Bank of India on Friday kept the benchmark repo rate unchanged at 4% for the 11th time in a row.
Tata Neu: India's first super app is now live
Tata Group's much-anticipated Tata Neu "super app" has gone live for all users in India.
Flipkart Health+ app launched: How to order medicines
Flipkart has announced Health+ app, a new tech-based platform that offers medicines as well as healthcare products and services.
Sensex slips to 59,034.95 points, Nifty settles below 17,650 points
The benchmark Sensex and NIFTY indices on Thursday witnessed a slump, extending the losing streak for the third day. While the Sensex slipped 575.46 points, or 0.97%, to 59,034.95 points, the Nifty shed 178.5 points, or 1.01%, to 17,629.15 points.
Forbes Billionaires List 2022: Meet the richest Indian women billionaires
Savitri Jindal, chairperson of the Jindal Group, is the richest woman in India, with a net worth of $17.7 billion, according to Forbes' Billionaires List 2022.
Sensex losses over 500 points, Nifty barely holds 17,800 mark
On Wednesday, the benchmark Sensex and Nifty indices were on a downward trend. While the Sensex plunged 0.95% to 59,610.41 points, the Nifty fell 0.84% to 17,807.65 points.
Dailyhunt-owner VerSe Innovation reaches $5bn valuation with latest $805mn funding
Bengaluru-based VerSe Innovation, the parent company of short-video platform Josh and news aggregator Dailyhunt, has raised $805 million at a valuation of $5 billion.
Petrol, diesel prices hiked again; CNG gets costlier in Delhi
Fuel prices were raised again by 80 paise/liter on Wednesday, the 14th such increase in 16 days.