Business News

On Tuesday, the benchmark Sensex and Nifty indices were on a downward trend, continuing their losing streak for the third straight day.

Elon Musk has threatened to walk away from his Twitter takeover bid worth $44 billion.

Tata Motors has bagged an order from EV cab service BluSmart, for 10,000 units of its XPRES-T EV.

On Monday, the Indian equity benchmarks extended their fall for the second straight session.

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.

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%.

In a first, a Hyderabad-based startup has launched a 10-minute express liquor delivery service in Kolkata.

Meta has released a report that suggests an increase in hate speech on Facebook and a jump in violent content on Instagram.

On Thursday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.

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.

Meta's second-in-command Sheryl Sandberg has announced that she will step down from the chief operating officer (COO) position of the company.

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.

Oil marketing companies (OMCs) have reduced the price of the 19-kg commercial liquefied petroleum gas (LPG cylinder) by around Rs. 135.

As per the data released by the Centre, India's gross domestic product (GDP) for the January-March 2022 quarter stood at 4.1%.

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.

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.

State-run insurance giant Life Insurance Corporation of India (LIC) has announced its first quarterly results as a publicly traded company.

Mumbai-based personal care brand SUGAR Cosmetics has raised $50 million in Series D fundraise at a valuation of $500 million.

The stock market on Monday continued its winning streak for the third straight session.

Homegrown automaker Tata Motors' EV division, Tata Passenger Electric Mobility Limited (TPEML) is all set to acquire Ford's factory in Sanand, Gujarat.

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.

Reliance Jio has announced three new postpaid plans for JioFi, its 4G-enabled portable hotspot router.

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.

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.

Air travelers are getting increasingly dissatisfied with Indian airlines' poor services and behavior, according to a survey conducted for Bloomberg.

The benchmark Sensex and Nifty indices on Thursday showed an upward trend, snapping a three-day losing streak.

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.

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.

Adani Ports and Special Economic Zone (APSEZ) has announced its financial statement for the fourth quarter of FY22.

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.

Following consumer complaints, the Department of Consumer Affairs (DoCA) lambasted restaurants for forcing consumers to pay service charges "often fixed at arbitrarily high rates."

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.

On Tuesday, the Indian equity benchmarks extended their fall for the second straight session.

An internal memo from Evan Spiegel, the CEO of Snap Inc., to his employees has sent the company's shares spiraling downward.

Gwynne Shotwell, president of SpaceX, has come out to support Elon Musk against sexual misconduct allegations. Musk has categorically denied the allegations.

Akasa Air, backed by stock market maverick Rakesh Jhunjhunwala, released pictures of its first aircraft on Monday.

On Monday, the Indian equity benchmarks settled lower in a volatile trading session, dragged by losses in metal stocks.

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.

Petrol and diesel prices are set to come down in India as the Centre slashed the central excise duty on fuel on Saturday.

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.