Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
29 Oct 2021
Shaktikanta Das reappointed RBI governor for 3 more years
The Indian government has reappointed Shaktikanta Das as the Governor of the Reserve Bank of India (RBI) for a period of three years.
28 Oct 2021
Musk may soon become first person with $300bn net worth
Tesla CEO Elon Musk is on the road to becoming the world's first person with a $300 billion net worth.
22 Oct 2021
Tesla requests Musk-Modi meeting to resolve import duty issues
Following a closed-door meeting with the Indian government officials, American electric car maker Tesla has now requested an in-person meeting of its CEO Elon Musk and Prime Minister Narendra Modi.
21 Oct 2021
Cabinet approves 3% DA hike for central government employees
The Union Cabinet on Thursday approved a 3% hike in dearness allowance (DA) and dearness relief (DR) for central government employees and pensioners.
20 Oct 2021
Is Facebook planning a name change? Reports suggest so
Social media giant Facebook is likely to announce a name change this month, the Verge reported.
17 Oct 2021
After divorce, Bill, Melinda Gates walk daughter down the aisle
Jennifer Gates, the daughter of Bill Gates and Melinda Gates, got married to fellow equestrian Nayel Nassar on Saturday.
15 Oct 2021
How to create efficient supply chain management systems
E-commerce platforms are experiencing immense growth and this has led to the boom in supply chain management (SCM). Therefore, SCM Analytics is essential. It helps to analyze available data and gather metrics that can determine how systems can become more efficient.
14 Oct 2021
CarDekho turns unicorn with $250mn pre-IPO funding led by LeapFrog
Aiming to capture a larger share in India's used car retail space, Jaipur-based CarDekho has raised $250 million, including $200 million in equity and $50 million as debt, in its latest pre-IPO funding round.
10 Oct 2021
Government could sell Alliance Air as well: Check details here
Hot on the heels of national carrier Air India's sale to Tata Sons, the government is reportedly likely to sell state-run regional airline Alliance Air.
09 Oct 2021
Mukesh Ambani enters the elusive $100bn club alongside Bezos, Musk
Asia's richest person Mukesh Ambani has entered the world's most elite wealth club with a fortune of at least $100 billion, joining the likes of Jeff Bezos and Elon Musk.
09 Oct 2021
Disney+ Hotstar grew the most in Q3 2021 in India
Recent times have seen streaming services battling to gain viewers' attention by buying rights to major movies in the absence of fully-functioning cinema halls (blame COVID-19).
08 Oct 2021
Tata Sons acquires Air India for Rs. 18,000 crore
Tata Sons has won the bid to acquire national carrier Air India after placing a winning bid of Rs. 18,000 crore, reports said.
08 Oct 2021
RBI keeps repo rate unchanged at 4%
The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 4 percent for the eighth straight time.
07 Oct 2021
CoinSwitch Kuber raises $260 million, becomes India's second crypto unicorn
Cryptocurrency exchange CoinSwitch Kuber announced it has raised $260 million in a Series C round of funding, bumping up its valuation to $1.9 billion.
07 Oct 2021
Reliance Retail set to bring 7-Eleven stores to Indian shores
Indian billionaire businessman Mukesh Ambani's Reliance Retail Ltd. will soon bring 7-Eleven Inc.'s convenience stores to India.
06 Oct 2021
Facebook whistleblower testifies before Senate: Here are the key points
Facebook whistleblower Frances Haugen made her identity known to all on Sunday night's episode of 60 Minutes. She had complained to the Securities and Exchange Commission about Facebook and leaked its internal research and documents to the Wall Street Journal.
05 Oct 2021
Mark Zuckerberg lost $6 billion during Facebook outage: Details here
Late last night, Facebook and its subsidiary services, including WhatsApp, Instagram, and Messenger, suffered a worldwide outage that lasted nearly six hours.
01 Oct 2021
'Incorrect': Government denies report on Tata winning Air India bid
The Indian government has denied reports that the Tata Group has won the bid for Air India.
01 Oct 2021
Facebook releases slides detailing Instagram's impact on teen mental health
Social-media giant Facebook has recently published two slide decks outlining its studies about Instagram's effect on teenagers' mental health.
30 Sep 2021
Fresh hike: Diesel at record high, petrol nears all-time high
Petrol and diesel prices on Thursday neared record levels across the country after rates were hiked by 25 paise and 30 paise a liter respectively.
30 Sep 2021
Sensex slumps over 150 points; Nifty drops below 17,700
Equity benchmark Sensex dropped over 150 points in early trade on Thursday, tracking losses in index majors Reliance Industries, HDFC Bank, and ICICI Bank amid sustained foreign fund outflow.
29 Sep 2021
'Lot to do on Earth,' Bill Gates on space tourism
Billionaire philanthropist Bill Gates on Wednesday criticized space tourism, saying rather than exploring space for recreational activities, "we have a lot to do here on Earth."
29 Sep 2021
Flipkart Big Billion Days sale: Attractive deals on smartphones revealed
Rivaling Amazon, Flipkart will kick-off its 'Big Billion Days' sale in India starting October 3. The sale will end on October 10 and various offers on popular smartphones have already been revealed by the e-commerce giant.
29 Sep 2021
Amazon Great Indian Festival sale: Top deals on smartphones revealed
Amazon will begin its 'Great Indian Festival' sale in India on October 3. Under the sale, the e-commerce giant will provide massive discounts across several product categories, including smartphones.
29 Sep 2021
Gold schemes start at Rs. 100 as digital sales rise
Jewelers in India are selling gold for as little as Rs. 100 as digital trading of the metal has gained popularity in the aftermath of the COVID-19 pandemic.
29 Sep 2021
Supertech moves SC over twin tower demolition; proposes 'alternative plan'
Supertech Builders has approached the Supreme Court seeking a stay on its August 31 order which directed the demolition of two disputed 40-story towers at its Emerald Court housing project in Noida.
29 Sep 2021
Sensex plunges over 500 points; Nifty tests 17,600
Equity benchmark Sensex slumped over 500 points in early trade on Wednesday, tracking losses in index majors HDFC Bank, ICICI Bank, and Infosys amid a heavy selloff in the global markets.
28 Sep 2021
Sensex tanks 410 points, Nifty ends below 17,750
Equity benchmark Sensex tumbled 410 points or 0.68% on Tuesday due to heavy selling in IT, financials, and telecom stocks in line with weak global trends as US bond yields rebounded.
28 Sep 2021
Fuel prices see another hike as crude rises above $80/barrel
Petrol price on Tuesday was hiked by 20 paise per liter and diesel by 25 paise as international oil prices crossed the $80 per barrel mark for the first time in three years.
27 Sep 2021
Some banking rules that will change from next month (October)
Several new banking and other rules will come into effect from October 1.
27 Sep 2021
Banks closed up to 21 days in October: Check list
Banks in India will be closed for up to 21 days in October, including weekly offs, viz., second and fourth Saturdays and Sundays.
24 Sep 2021
Sensex ends above the historic 60K mark; Nifty tops 17,850
Equity benchmark Sensex jumped 163 points to end above the 60,000-mark for the first time ever on Friday, led by strong gains in HDFC Bank, Infosys, and Asian Paints.
24 Sep 2021
Diesel price hiked, no change in petrol rate
Diesel price on Friday was hiked by 20 paise per liter - the first increase in rates in over two months - as international oil prices neared their highest since 2018.
24 Sep 2021
Sensex hits 60K for first time; Nifty crosses 17,900
Equity benchmark Sensex rallied over 350 points to hit the 60,000-mark for the first time in opening trade on Friday, led by strong gains in index majors Infosys, HDFC Bank, and TCS.
24 Sep 2021
Three reasons why you must take cryptocurrency seriously
Imagine the year is 2035. You and your friends have planned a vacation to the planet Mars. And you are asked to pay for your space shuttle in Bitcoin or let's say meme-inspired Dogecoin (as proposed by Elon Musk!). How cool does it sound?
24 Sep 2021
OYO could file for $1 billion-worth IPO next week
Budget-centric Indian hotel chain start-up OYO is likely to file for an initial public offering (IPO) next week.
23 Sep 2021
A fresh high: Sensex skyrockets 958 points; Nifty tops 17,800
Equity benchmark Sensex zoomed 958 points to end at a fresh lifetime high on Thursday, tracking gains in index majors Reliance Industries, HDFC twins, and ICICI Bank amid a positive trend in global markets.
23 Sep 2021
Facebook CTO stepping down after '13 amazing years': Here's why
Facebook Chief Technology Officer (CTO) Mike Schroepfer announced on Wednesday that he would be stepping down from his role and transitioning to a part-time position as a Senior Fellow at Facebook next year.
23 Sep 2021
Indian SaaS start-up Freshworks lists on Nasdaq following billion-dollar IPO
Chennai and San Mateo-based software-as-a-service (SaaS) company Freshworks Inc. made its debut on Nasdaq after an initial public offering (IPO) worth over $1 billion.
23 Sep 2021
Sensex rallies over 450 points; Nifty tops 17,650
Equity benchmark Sensex rallied over 450 points in opening trade on Thursday amid a positive trend in global markets after the US Federal Reserve hinted that it may begin easing its extraordinary support measures for the economy later this year.
