Business News | Page 39
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
15 Jun 2021Bombay Stock Exchange (BSE)
Sensex jumps over 220 points in early trade
Equity benchmark Sensex jumped over 220 points in early trade on Tuesday, tracking gains in index-heavyweights HDFC twins, Infosys, TCS, and Reliance.
14 Jun 2021Fuel Price Hike
Hyderabad is second metro city to see Rs. 100/liter petrol
Hyderabad on Monday became the second metro city in the country where petrol price crossed Rs. 100 per liter mark after fuel prices were raised yet again.
13 Jun 2021Taiwan
US earmarks billions for chip production as COVID-19 hits Taiwan
The US Senate passed the Endless Frontier Act, funneling billions to bolster local chip manufacturing and technology sectors. The legislation aims to keep the US competitive with China, which is also pumping billions into its semiconductor research and manufacturing.
12 Jun 2021Fuel Price Hike
Now diesel breaches the Rs. 100/liter mark in Rajasthan
Diesel price on Saturday breached the Rs. 100 per liter mark in Rajasthan after yet another increase in fuel rates, which also led to Karnataka becoming the seventh state to record Rs. 100 a liter petrol.
11 Jun 2021Bombay Stock Exchange (BSE)
Sensex jumps to a lifetime high of 52,641.53
Equity benchmark Sensex climbed 174 points to close at an all-time high on Friday, tracking gains in index heavyweights Reliance Industries, Infosys, and TCS amid a largely positive trend in global equities.
11 Jun 2021Bombay Stock Exchange (BSE)
Sensex jumps 250 points in early trade; Nifty tops 15,800
Equity benchmark Sensex jumped over 250 points and touched a record intra-day high of 52,578.07 in early trade on Friday, tracking gains in index-heavyweights Reliance Industries, Infosys, and HDFC Bank amid a positive trend in global equities.
10 Jun 2021WeChat
Biden administration revokes Trump-era orders against TikTok and WeChat
During his term as President, Donald Trump fired executive orders against Chinese-owned apps TikTok and WeChat in August, calling their widespread use a "national emergency".
10 Jun 2021Startups
Tata Digital acquires 1mg to enter health and wellness space
After months of speculation, Tata Digital finally announced on Thursday that it will be acquiring a major stake in 1mg. It remains tight-lipped about the financial aspects of the acquisition, but this is a part of the company's overarching strategy to create a formidable digital ecosystem.
10 Jun 2021Sensex
Sensex jumps 150 points in early trade; Nifty tests 15,700
Equity benchmark Sensex jumped over 150 points in early trade on Thursday, tracking gains in index-heavyweights Reliance Industries, Infosys, and HDFC Bank amid a positive trend in global equities.
09 Jun 2021Microsoft
Microsoft reopens outlets as 'Experience Centers,' Retail won't be focus
Microsoft will sell consumer electronics and software products at physical locations across the world. The software giant will be setting up retail outlets dubbed as "Experience Centers" in New York City, London, and Sydney starting July.
07 Jun 2021Bombay Stock Exchange (BSE)
Sensex jumps 150 points in opening trade, Nifty tests 15,700
Equity benchmark Sensex jumped over 150 points on Monday amid sustained foreign fund inflow and mixed cues from global markets.
05 Jun 2021Facebook
Trump calls Facebook's two-year ban an insult to American voters
On Friday, Facebook decided to suspend former US President Donald Trump's accounts on Facebook as well as Instagram for two years. The suspension will be counted from its actual enforcement which took place on January 7 this year and will continue until 2023.
04 Jun 2021Google
Google reaffirms ethical AI commitment, in-house researchers differ
Barely months after Google fired two leaders of its Artificial Intelligence (AI) ethics research wing, it has promised to double its research staff studying responsible AI. Additionally, Google CEO Sundar Pichai has pledged support and funding for more ethical AI projects.
04 Jun 2021Fuel Price Hike
Petrol crosses Rs. 100/liter mark in Leh, Andhra Pradesh, Telangana
After Rajasthan, Madhya Pradesh, and Maharashtra, petrol price has crossed the Rs. 100-per-liter mark in Leh, in almost all districts of Andhra Pradesh and parts of Telangana after fuel prices were again hiked on Friday.
04 Jun 2021Donald Trump
Biden expands Trump-era order banning US investment in Chinese firms
US President Joe Biden expanded Trump-era ban on US investments in Chinese firms through an executive order signed on Thursday. Biden named 59 Chinese firms suspected of having ties to the Chinese military and surveillance infrastructure.
04 Jun 2021India
RBI keeps repo rate at 4%, cuts GDP growth projection
The Reserve Bank of India (RBI) has once again kept the repo rate unchanged at 4 percent in an attempt to "support growth and keep inflation within the target" amid India's COVID-19 crisis.
03 Jun 2021Reliance Industries
Reliance working to produce cheaper testing kits, new COVID-19 drug
India has been at the forefront of the battle against the COVID-19 pandemic with numerous out-of-the-box solutions.
03 Jun 2021Sensex
Sensex jumps over 350 points; Nifty tops 15,650
Equity benchmark Sensex surged over 350 points in early trade on Thursday, tracking gains in index-heavyweights Reliance Industries, HDFC, and Infosys amid a largely positive trend in global markets.
02 Jun 2021Elon Musk
Elon Musk attributes Tesla price hikes to 'supply chain pressure'
Prices for Tesla car models have been steadily rising. The company's CEO Elon Musk recently took to Twitter to explain that the price hike is primarily due to the increasing costs of raw materials.
02 Jun 2021Sensex
Sensex tanks over 300 points; Nifty tests 15,500
Equity benchmark Sensex tumbled over 300 points in early trade on Wednesday, tracking losses in index-heavyweights HDFC, Infosys, and ICICI Bank amid a largely negative trend in global markets.
01 Jun 2021Maruti Suzuki
COVID-19 lockdowns hurt May auto sales, but recovery looks imminent
As the COVID-19 second wave ravaged the country, the ensuing lockdowns had a significant negative impact on the economy. For instance, Maruti Suzuki India, the touchstone for the Indian auto industry, has recorded a massive 71 percent decline in sales growth.
31 May 2021Employees Provident Fund Organization (EPFO)
EPFO members allowed second advance withdrawal citing COVID-19
The Employee Provident Fund Organization (EPFO) has allowed its five crore subscribers to avail a second advance withdrawal in the wake of the COVID-19 pandemic.
31 May 2021Gross Domestic Product
Amid COVID-19 outbreak, India's GDP contracts 7.3% in FY2020-21
As the second wave of COVID-19 has disrupted regular life, India's Gross Domestic Product (GDP) contracted 7.3% in the financial year 2020-21, data shared by the government showed on Monday.
31 May 2021Twitter
Delhi HC slaps Twitter with notice for flouting IT Rules
The Delhi High Court issued a notice to Twitter on Monday for failing to comply to the recently-enforced Information Technology guidelines encompassing social media platforms.
30 May 2021Bill Gates
Bill and Melinda Gates consider organizational changes to Foundation
Three weeks after Bill Gates and Melinda French Gates went public with their lengthy divorce proceedings that were underway since 2019, Mark Suzman, the CEO of Gates Foundation, has revealed to employees that he's in talks to strengthen "the long-term sustainability and stability of the foundation."
30 May 2021Google
Women suing Google over gender bias win class-action status
Shortly after facing class-action lawsuits for tracking browsing activity in incognito mode, an existing gender pay disparity suit against search giant Google has won class-action status.
30 May 2021Elon Musk
Musk establishes Bitcoin Mining Council with leading North American miners
Elon Musk held a meeting with "leading Bitcoin miners in North America" recently. The discussion aimed "to promote energy usage transparency [and] accelerate sustainability initiatives worldwide."
29 May 2021Mumbai
Fuel prices hiked again; petrol crosses Rs. 100/liter in Mumbai
The prices of petrol and diesel are once again on the rise across the country with Mumbai becoming the first metro city in India to witness the cost of petrol crossing the Rs. 100/liter-mark on Saturday.
29 May 2021Twitter
Google, Facebook comply with IT Ministry rules; Twitter's stance unclear
Google, Facebook, and the latter's subsidiary WhatsApp have reportedly agreed to comply with the new rules defined by the Indian Government's IT Ministry. Twitter's intention to comply remains unclear.
28 May 2021Netflix
Streaming platform Netflix may expand into video games
In an effort to expand beyond films and TV series, Netflix is reportedly looking to hire a gaming executive to join the company.
27 May 2021Twitter
#ITRules: Twitter needs to follow law of land, says Centre
The central government on Thursday rebuked the microblogging platform Twitter over compliance with the controversial new IT rules.
Amazon's Hollywood push: Will acquire MGM Studios for $8.45 billion
Shortly after launching miniTV, Amazon has struck a deal with Hollywood studio MGM Holdings to buy out the latter for $8.45 billion. The deal includes selling the rights for popular franchises such as James Bond and Shark Tank to Amazon.
27 May 2021Fuel Price Hike
Petrol price shoots past Rs. 100 a liter in Thane
Petrol price on Thursday crossed the Rs. 100-a-liter mark in Thane district of Maharashtra, while it was hovering a tad below that level in Mumbai after fuel prices were raised again.
Bezos will step down as Amazon CEO on July 5
Amazon Founder Jeff Bezos has picked a date to step down as CEO.
Amazon to buy movie and TV studio MGM
Online shopping giant Amazon is buying MGM, the movie and TV studio behind James Bond, Legally Blonde, and Shark Tank, with the hopes of filling its video streaming service with more stuff to watch.
26 May 2021Twitter
IT rules: Centre seeks compliance status from Facebook, Twitter 'ASAP'
The central government on Wednesday asked social media platforms including Facebook, Twitter, and WhatsApp to share their status of compliance with the new IT rules.
26 May 2021Google
Google Chrome used by 41 percent of world's population: Report
A new report suggests that Google Chrome enjoys a lion's share of the world's web browser market. Chrome reportedly has over 3.2 billion users worldwide.
26 May 2021Bombay Stock Exchange (BSE)
Sensex soars above 51,000 mark; IT, finance stocks sparkle
The BSE Sensex returned to winning ways on Wednesday after a day's pause as technology, finance, and auto counters witnessed robust buying amid a largely positive trend in Asian markets.
26 May 2021Apple
Apple's recent workplace mutiny may have changed its culture forever
While Apple may still have a vice-like grip over its uncanny, but wildly successful approach to hardware, it is gradually losing control over the rest of its organizational edifices.
26 May 2021Startups
#FundingAlert: Koo's valuation crosses $100 million mark amid fresh investment
India's homegrown Twitter rival Koo has raised $30 million (approximately Rs. 218 crore) in a Series-B funding round led by Tiger Global. Existing investors have also participated in the round.