Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
08 Jun 2022
NetflixBored at work, Netflix engineer quits Rs. 3.5 crore job
We all have heard the expression "a bird in a gilded cage," but Netflix's former Senior Software Engineer Michael Lin lived through the same.
08 Jun 2022
Reserve Bank Of India (RBI)RBI hikes repo rate by 50 bps; EMIs get costlier
The Reserve Bank of India (RBI) on Wednesday increased the repo rate by 50 basis points (bps) to 4.90% and the inflation projection for the current fiscal to 6.7%.
07 Jun 2022
IndiaICICI Bank FD interest rates hiked: Check latest rates
ICICI Bank, India's second-largest private bank, has reportedly raised the interest rates on its fixed deposits (FD) once again with effect from Tuesday (June 7).
07 Jun 2022
UnicornPhysics Wallah raises $100 million; becomes India's 101st unicorn
Noida-based ed-tech start-up Physics Wallah has joined the coveted unicorn club in India.
07 Jun 2022
SensexSensex slips to 55,107.34 points, Nifty settles below 16,500
On Tuesday, the benchmark Sensex and Nifty indices were on a downward trend, continuing their losing streak for the third straight day.
07 Jun 2022
XElon Musk threatens to terminate $44bn Twitter takeover: Here's why
Elon Musk has threatened to walk away from his Twitter takeover bid worth $44 billion.
06 Jun 2022
Tata Motors LtdTata Motors bags order for 10,000 electric cars from BluSmart
Tata Motors has bagged an order from EV cab service BluSmart, for 10,000 units of its XPRES-T EV.
06 Jun 2022
NASDAQSensex closes at 55,675 points, Nifty settles below 16,600
On Monday, the Indian equity benchmarks extended their fall for the second straight session.
03 Jun 2022
SensexSensex closes at 55,769.23 points, Nifty settles below 16,600 points
On Friday, major indices of the stock market ended flat with the Sensex settling at 55,769.23 points and the Nifty closing at 16,584.3 points.
03 Jun 2022
Elon MuskElon Musk warns of job cuts at Tesla; pauses hiring
Tesla CEO Elon Musk has sent another bombshell email to company executives. In the internal email accessed by Reuters, Musk has said that the automaker needs to cut staff by around 10%.
03 Jun 2022
DelhiKolkata: Start-up to deliver liquor in 10 minutes at doorstep
In a first, a Hyderabad-based startup has launched a 10-minute express liquor delivery service in Kolkata.
02 Jun 2022
FacebookFacebook and Instagram see jump in hate speech, violent content
Meta has released a report that suggests an increase in hate speech on Facebook and a jump in violent content on Instagram.
02 Jun 2022
SensexSensex climbs to 55,818.11 points, Nifty settles at 16,628 points
On Thursday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.
02 Jun 2022
Elon Musk'Come to office or quit': Elon Musk tells Tesla employees
Tesla CEO Elon Musk has taken a hardline stance against remote work. In a series of emails sent to employees, Musk has asked Tesla employees to return to the office or be terminated.
02 Jun 2022
FacebookMeta's COO Sheryl Sandberg is stepping down after 14 years
Meta's second-in-command Sheryl Sandberg has announced that she will step down from the chief operating officer (COO) position of the company.
01 Jun 2022
SensexSensex falls 185 points; Nifty settles below 16,550
The stock market closed on a flat note on Wednesday with the Sensex settling at 55,381.17 points and Nifty ending at 16,522.75 points.
01 Jun 2022
MumbaiCommercial LPG prices slashed by Rs. 135/cylinder
Oil marketing companies (OMCs) have reduced the price of the 19-kg commercial liquefied petroleum gas (LPG cylinder) by around Rs. 135.
31 May 2022
Stock MarketIndia's GDP grows 8.7% in FY22; Q4 growth at 4.1%
As per the data released by the Centre, India's gross domestic product (GDP) for the January-March 2022 quarter stood at 4.1%.
31 May 2022
SensexSensex slips by 359 points, Nifty settles below 16,600
On Tuesday, the Indian equity benchmarks halted a three-day winning streak to settle lower. While the Sensex fell 359 points to settle at 55,566.41 points, the Nifty stood at 16,584.55.
31 May 2022
Indian RailwaysIRCTC Q4 results: Net profit up 106%, final dividend announced
Indian Railway Catering and Tourism Corporation (IRCTC) has reported a 105.99% increase in net profit for the quarter ending March 31, 2022. The figure stands at Rs. 213.78 crore, compared to Rs. 103.78 crore in the same quarter last year.
31 May 2022
Initial Public Offering (IPO)LIC records 18% fall in standalone net profit; announces dividend
State-run insurance giant Life Insurance Corporation of India (LIC) has announced its first quarterly results as a publicly traded company.
31 May 2022
NykaaSUGAR Cosmetics raises $50 million funding at $500 million valuation
Mumbai-based personal care brand SUGAR Cosmetics has raised $50 million in Series D fundraise at a valuation of $500 million.
30 May 2022
SensexSensex climbs to 55,925.74 points, Nifty settles above 16,650
The stock market on Monday continued its winning streak for the third straight session.
30 May 2022
FordTata Motors signs pact to takeover Ford's plant in Gujarat
Homegrown automaker Tata Motors' EV division, Tata Passenger Electric Mobility Limited (TPEML) is all set to acquire Ford's factory in Sanand, Gujarat.
30 May 2022
ReutersIndia's Q4 GDP pegged at 2.7%, lower than Q3: Experts
According to SBI's economists, the upcoming release of official statistics for economic performance is likely to show 2.7% growth for the January-March quarter and 8.5% growth for FY22.
29 May 2022
Reliance JioNew JioFi postpaid plans offer 50GB data, free 4G dongle
Reliance Jio has announced three new postpaid plans for JioFi, its 4G-enabled portable hotspot router.
29 May 2022
Narendra ModiRBI fake currency report: Opposition's demonetization swipe at Modi government
The opposition on Sunday took a swipe at the Centre and PM Narendra Modi over a Reserve Bank of India (RBI) report showing a rise in counterfeit currency.
29 May 2022
IndiaCoal India to import fuel as power shortage looms large
State-run Coal India will import coal for utilities run by the government and private companies as the shortage of fuel raises concern about renewed power outages across the country, a power ministry letter reviewed by Reuters showed.
27 May 2022
IndiGoFliers rebuke SpiceJet, IndiGo for poor service, behavior
Air travelers are getting increasingly dissatisfied with Indian airlines' poor services and behavior, according to a survey conducted for Bloomberg.
26 May 2022
SensexSensex climbs to 54,252.53 points, Nifty settles above 16,150
The benchmark Sensex and Nifty indices on Thursday showed an upward trend, snapping a three-day losing streak.
25 May 2022
SamsungSamsung to call it quits on low-value feature phones
South Korean smartphone maker Samsung plans to exit the high volume but low value feature phones segment in India. The move is aimed at increasing the company's focus on launching smartphones above Rs. 15,000.
25 May 2022
SensexSensex slips over 300 points, Nifty barely holds 16,000 mark
On Wednesday, the benchmark Sensex and Nifty indices witnessed a fall, continuing their losing streak for the third day. The Sensex plunged 0.56% to 53,749.26 points, while the Nifty fell 0.62% to 16,025.8 points.
25 May 2022
Adani PortsAdani Ports records nearly 22% fall in profit in Q4
Adani Ports and Special Economic Zone (APSEZ) has announced its financial statement for the fourth quarter of FY22.
25 May 2022
CryptocurrencyAdam Neumann's Flowcarbon raises $70mn through VC funding, token sales
WeWork co-founder Adam Neumann is back with a new blockchain-based carbon credit company dubbed 'Flowcarbon.' The startup has now raised $70 million in a funding round led by Andreessen Horowitz's crypto division.
24 May 2022
Consumer CourtCentre calls meeting with restaurant body over 'forced' service charge
Following consumer complaints, the Department of Consumer Affairs (DoCA) lambasted restaurants for forcing consumers to pay service charges "often fixed at arbitrarily high rates."
24 May 2022
ZomatoZomato's loss widens to Rs. 359cr despite 75% revenue increase
Food delivery platform Zomato released a contrasting March quarter report. In Q4 of FY22, the company posted a consolidated net loss of Rs. 359.7 crore, up from Rs. 134.2 crore in Q4 of FY21.
24 May 2022
SensexSensex slips to 54,053 points, Nifty settles below 16,200
On Tuesday, the Indian equity benchmarks extended their fall for the second straight session.
24 May 2022
Social MediaSnap slashes its Q2 outlook; shares tumble 30%
An internal memo from Evan Spiegel, the CEO of Snap Inc., to his employees has sent the company's shares spiraling downward.
24 May 2022
Sexual HarassmentSpaceX president labels sexual misconduct allegations against Elon Musk false
Gwynne Shotwell, president of SpaceX, has come out to support Elon Musk against sexual misconduct allegations. Musk has categorically denied the allegations.
23 May 2022
Jet AirwaysRakesh Jhunjhunwala-backed Akasa Air reveals first pictures
Akasa Air, backed by stock market maverick Rakesh Jhunjhunwala, released pictures of its first aircraft on Monday.