Business News

India's edtech industry hit another low as Byju's, the world's most-valued edtech company, slashed over 2,500 jobs across its group companies.

India's cryptocurrency market is holding its breath as the fateful July 1 approaches. Transfers of virtual digital assets (VDA), including cryptocurrencies and NFTs, are set to attract an additional tax deducted at source (TDS) of 1% from July 1 onward.

The Indian stock market closed in red on Wednesday with the Sensex settling at 53,026.97 points and the Nifty ending at 15,799.1 points.

Akash Ambani has been named the new chairperson of Reliance Jio Infocomm Ltd, the digital arm of Reliance Industries.

On Tuesday, the Indian equity benchmarks extended their winning run for the fourth straight session. While the Sensex settled at 53,177.45 points, the Nifty stood at 15,850.2.

The Goods and Services Tax (GST) Council's two-day meeting commenced on Tuesday in Chandigarh.

Tesla and SpaceX CEO, Elon Musk, has been an enigma to many.

Business tycoon Pallonji Mistry, Chairman of Shapoorji Pallonji Group, passed away at his Mumbai residence on Monday night. He was 93.

The race to purchase the Indian operations of German retailer Metro AG has become competitive, with several parties joining in.

On Monday, the Indian equity benchmarks extended their winning run for the third straight session. While the Sensex rose 0.82% to 53,161 points, the Nifty jumped 0.84% to 15,832.05 points.

The Union government is planning to implement new labor laws in India from July 1.

On Friday, the benchmark Sensex and Nifty indices saw gains. While the Sensex rose 0.88% to 52,727.98 points, the Nifty jumped 0.92% to 15,699.25 points.

A new co-working space in Kolkata's New Town, named Happy Works, is bringing smile on the faces of freelancers and working mothers as it is providing a comfortable setting for people to work at minimal rate of Rs. 30 for 90 minutes.

On Thursday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge. Sensex jumped 0.85% to 52,266, while the Nifty climbed 0.92% to 15,557 points.

As per an executive remuneration survey by Deloitte India, the average compensation of Indian CEOs in FY22 stood at Rs. 11.2 crore- a three-year high. Meanwhile, the median salary stood at Rs. 7.4 crore.

On Wednesday, the benchmark Sensex and Nifty indices witnessed a fall after a two-day relief rally. The Sensex plunged 1.37% to 51,823 points, while the Nifty fell 1.46% to 15,413 points.

The Reserve Bank of India (RBI) has mandated card-on-file (CoF) tokenization for domestic online purchases via credit and debit cards from July 1.

The stock market on Tuesday closed in green as the Sensex rose 1.78% to 52,532.07 points while the Nifty climbed 1.85% to 15,638.8 points.

Tata Group-owned Air India is mulling one of the largest orders in commercial aviation history by ordering 300 narrowbody jets.

On Monday, the Indian equity benchmarks settled higher in volatile trade, with the Sensex settling at 51,598 points and Nifty ending at 15,350.

The stock market on Friday ended on a sluggish note as the Sensex settled at 51,360.42 points and the Nifty stood at 15,293.5 points.

Keith Johnson, a US citizen, has sued Elon Musk, Tesla, and SpaceX for defrauding him with the "Dogecoin Crypto Pyramid Scheme."

CASHe, a Mumbai-based fintech platform, has launched an instant credit line service on WhatsApp.

The stock market on Thursday continued the losing streak for the fifth day in a row as the Sensex slid 1,045.6 points to 51,495.79 points while the Nifty shed 331.55 points to 15,360.6 points.

On Wednesday, major indices of the stock market ended in red with the Sensex settling at 52,541.39 points and the Nifty closing at 15,692.15 points.

The Russia-Ukraine war, which started with Russia's invasion of Ukraine on February 24, has had several adverse effects on the livelihoods of people worldwide.

The stock market on Tuesday ended on a sluggish note as the Sensex settled at 52,693.57 points and the Nifty stood at 15,732.1 points.

On Monday, the stock market was in the hands of bear, as the Sensex slipped 2.76%, to 52,846.7 points while the Nifty dropped 2.71%, to 15,774.4 points.

Tech giant Google has settled a class-action lawsuit over gender discrimination and equitable pay by paying $118 million to more than 15,500 female employees.

The stock market ended on a bearish trend on Friday with the Sensex crashing to 54,303.44 points and the Nifty plummeting to 16,201.8 points.

Apple announced its buy now, pay later (BNPL) service, Pay Later, at the recently concluded Worldwide Developers Conference (WWDC). The tech giant has now said that it plans to fund the service by itself.

Online cosmetic products start-up Purplle has joined the coveted unicorn club. In its Series E funding led by Paramark Ventures, the Mumbai-based company has raised $33 million at a $1.1 billion valuation.

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

Elon Musk's $44 billion bid to acquire Twitter has hit several snags since April but is on the verge of a breakthrough.

UPI or Unified Payment Interface transactions have made life simpler for Indians. It is about to get even simpler, as the Reserve Bank of India (RBI) has allowed linking credit cards to UPI network.

On Wednesday, the Indian equity benchmarks extended their fall for the fourth straight session after RBI hiked its key lending rate.

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.

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%.

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).

Noida-based ed-tech start-up Physics Wallah has joined the coveted unicorn club in India.