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Sensex slips to 55,107.34 points, Nifty settles below 16,500

07 Jun 2022

Stock Market
Sensex 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.

Elon Musk threatens to terminate $44bn Twitter takeover: Here's why

07 Jun 2022

Elon Musk
Elon 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.

Tata Motors bags order for 10,000 electric cars from BluSmart

06 Jun 2022

Tata Motors Ltd
Tata 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.

Sensex closes at 55,675 points, Nifty settles below 16,600

06 Jun 2022

NASDAQ
Sensex closes at 55,675 points, Nifty settles below 16,600

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

Sensex closes at 55,769.23 points, Nifty settles below 16,600 points

03 Jun 2022

Stock Market
Sensex 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.

Elon Musk warns of job cuts at Tesla; pauses hiring

03 Jun 2022

Elon Musk
Elon 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%.

Kolkata: Start-up to deliver liquor in 10 minutes at doorstep

03 Jun 2022

Liquor
Kolkata: 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.

Facebook and Instagram see jump in hate speech, violent content

02 Jun 2022

Meta
Facebook 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.

Sensex climbs to 55,818.11 points, Nifty settles at 16,628 points

02 Jun 2022

Stock Market
Sensex 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.

'Come to office or quit': Elon Musk tells Tesla employees

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.

Meta's COO Sheryl Sandberg is stepping down after 14 years

02 Jun 2022

Sheryl Sandberg
Meta'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.

Sensex falls 185 points; Nifty settles below 16,550

01 Jun 2022

Stock Market
Sensex 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.

Commercial LPG prices slashed by Rs. 135/cylinder

01 Jun 2022

Lpg Cylinder
Commercial 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.

India's GDP grows 8.7% in FY22; Q4 growth at 4.1%

31 May 2022

Business Today
India'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%.

Sensex slips by 359 points, Nifty settles below 16,600

31 May 2022

Stock Market
Sensex 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.

IRCTC Q4 results: Net profit up 106%, final dividend announced
IRCTC 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.

LIC records 18% fall in standalone net profit; announces dividend

31 May 2022

LIC
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.

SUGAR Cosmetics raises $50 million funding at $500 million valuation

31 May 2022

SUGAR Cosmetics
SUGAR 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.

Sensex climbs to 55,925.74 points, Nifty settles above 16,650

30 May 2022

Stock Market
Sensex 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.

Tata Motors signs pact to takeover Ford's plant in Gujarat

30 May 2022

Tata Motors Ltd
Tata 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.

India's Q4 GDP pegged at 2.7%, lower than Q3: Experts

30 May 2022

Indian Economy
India'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.

New JioFi postpaid plans offer 50GB data, free 4G dongle

29 May 2022

Reliance Jio
New 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.

RBI fake currency report: Opposition's demonetization swipe at Modi government

29 May 2022

Narendra Modi
RBI 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.

Coal India to import fuel as power shortage looms large

29 May 2022

Coal
Coal 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.

Fliers rebuke SpiceJet, IndiGo for poor service, behavior

27 May 2022

Bloomberg
Fliers 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.

Sensex climbs to 54,252.53 points, Nifty settles above 16,150

26 May 2022

Stock Market
Sensex 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.

Samsung to call it quits on low-value feature phones

25 May 2022

Samsung
Samsung 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.

Sensex slips over 300 points, Nifty barely holds 16,000 mark

25 May 2022

Stock Market
Sensex 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.

Adani Ports records nearly 22% fall in profit in Q4

25 May 2022

Adani Ports
Adani 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.

Adam Neumann's Flowcarbon raises $70mn through VC funding, token sales

25 May 2022

Adam Neumann
Adam 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.

Centre calls meeting with restaurant body over 'forced' service charge
Centre 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."

Zomato's loss widens to Rs. 359cr despite 75% revenue increase

24 May 2022

Zomato
Zomato'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.

Sensex slips to 54,053 points, Nifty settles below 16,200

24 May 2022

Stock Market
Sensex slips to 54,053 points, Nifty settles below 16,200

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

Snap slashes its Q2 outlook; shares tumble 30%

24 May 2022

Snapchat
Snap 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.

SpaceX president labels sexual misconduct allegations against Elon Musk false

24 May 2022

SpaceX
SpaceX 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.

Rakesh Jhunjhunwala-backed Akasa Air reveals first pictures

23 May 2022

Rakesh Jhunjhunwala
Rakesh Jhunjhunwala-backed Akasa Air reveals first pictures

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

Sensex closes at 54,289 points, Nifty settles below 16,300

23 May 2022

Stock Market
Sensex 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.

Petrol, diesel prices drop sharply after Centre cuts excise duty

23 May 2022

Fuel Price Hike
Petrol, 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.

Petrol price cut by Rs. 9.5/liter, diesel by Rs. 7/liter

21 May 2022

Petrol Diesel Prices
Petrol 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.

NSE manipulation case: CBI raids properties linked to Chitra Ramkrishna
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.

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