Business News
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23 May 2022
SensexSensex closes at 54,289 points, Nifty settles below 16,300
On Monday, the Indian equity benchmarks settled lower in a volatile trading session, dragged by losses in metal stocks.
23 May 2022
TechnologyFintech is poised to revolutionize the finance landscape
Financial technology, or Fintech, is one of the fastest-growing global businesses.
23 May 2022
Petrol Diesel PricesPetrol, diesel prices drop sharply after Centre cuts excise duty
Fuel prices saw a considerable reduction after Finance Minister Nirmala Sitharaman's Saturday announcement of a central excise duty cut of Rs. 8/liter on petrol and Rs. 6/liter on diesel.
21 May 2022
Petrol Diesel PricesPetrol price cut by Rs. 9.5/liter, diesel by Rs. 7/liter
Petrol and diesel prices are set to come down in India as the Centre slashed the central excise duty on fuel on Saturday.
21 May 2022
Central Bureau Of Investigation (CBI)NSE manipulation case: CBI raids properties linked to Chitra Ramkrishna
The Central Bureau of Investigation (CBI) on Saturday conducted raids on different locations in the alleged market manipulation case involving former National Stock Exchange (NSE) CEO Chitra Ramkrishna.
20 May 2022
SensexSensex 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.
20 May 2022
VedantuWhy 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.
19 May 2022
SensexSensex 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.
18 May 2022
WalmartRivaling 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.
18 May 2022
SensexSensex 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.
18 May 2022
XTwitter 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.
18 May 2022
Alibaba GroupPaytm 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.
17 May 2022
Supreme Court Of IndiaSC 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.
17 May 2022
IndiaCentre 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.
17 May 2022
SensexSensex 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.
17 May 2022
Adani GroupAdani 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.
17 May 2022
XTwitter 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.
17 May 2022
IndiaGlobal 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.
17 May 2022
Bombay Stock Exchange (BSE)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.
16 May 2022
Hero MotoCorpHarley-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.
16 May 2022
SensexSensex, 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.
15 May 2022
Narendra ModiTesla 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.
15 May 2022
Electric VehiclesFord 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.
15 May 2022
NetflixNetflix 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.
15 May 2022
IndiaWheat 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.
14 May 2022
IndiaLow 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.
13 May 2022
XElon 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.
13 May 2022
SensexSensex 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.
13 May 2022
XTwitter 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.
12 May 2022
AppleSaudi 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.
12 May 2022
Air IndiaAviation 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.
12 May 2022
SensexSensex 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.
11 May 2022
SensexSensex 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.
11 May 2022
GoogleHinge, 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.
11 May 2022
XElon 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.
10 May 2022
InflationHow 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.
10 May 2022
SensexSensex 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.
10 May 2022
XiaomiXiaomi 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.
09 May 2022
SensexSensex 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.
09 May 2022
SensexRupee 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.
