Business News

An economic crisis is brewing in many nations, including the neighboring countries of India.

The benchmark Sensex and Nifty indices on Friday saw gains, putting an end to the four-day losing streak. While the Sensex rose 0.64% to 53,760.78 points, the Nifty jumped 0.69% to 16,049.2 points.

Speak of unexpected!

On Thursday, major indices of the stock market ended flat with the Sensex sliding 98 points to settle at 53,416.15 and the Nifty closing 28 points lower at 15,938.65.

The stage is set for another battle between a Chinese smartphone maker and an Indian government agency. This time it's OPPO India and the Directorate of Revenue Intelligence (DRI) who have locked horns.

In a huge blow to Pakistan's start-up ecosystem, Airlift, the country's highest-valued start-up, has announced a complete shutdown of its operations.

Nothing just launched its maiden smartphone as a way to reinvigorate the smartphone industry. The man of the hour is none other than Carl Pei, the CEO and co-founder of Nothing.

On Wednesday, the benchmark Sensex and Nifty indices witnessed a fall, continuing their losing streak for the third day. The Sensex plunged 0.7% to 53,514.15 points, while the Nifty fell 0.57% to 15,966.65 points.

Twitter has sued Elon Musk in order to force him to complete the proposed $44 billion takeover of the social media platform. To recall, the Tesla top boss terminated the agreement on Saturday.

On Tuesday, the benchmark Sensex and Nifty indices witnessed a slump. While the Sensex slipped 508.62 points or 0.94% to 53,886.61 points, the Nifty shed 157.7 points or 0.98% to 16,058.3 points.

There seems to be no end to the troubles of SpiceJet as its Chairman and Managing Director Ajay Singh was booked in Gurugram for allegedly duping a businessman on the pretext of allotting company shares to him, the police said on Monday.

Bhargav Sri Prakash, an Indian biomedical tech entrepreneur, was recently awarded the world's first patent for a "digital vaccine"—a platform that addresses real-world health issues via the metaverse—by the US Patent and Trademark Office.

Tesla CEO Elon Musk terminated the $44 billion takeover of Twitter on Saturday.

The stock market on Monday ended on a sluggish note as the Sensex settled at 54,395.23 points and the Nifty stood at 16,216 points.

An investigation of a leaked data dump called "Uber Files" has revealed damning details about how the ride-hailing service used unethical means for business expansion worldwide, including in India.

Fugitive businessman Vijay Mallya was awarded a four-month jail term and a Rs. 2,000 fine by the Supreme Court on Monday in a five-year-old contempt of court case.

Marking its possible entry into the telecom industry, Adani Group has put in an application to take part in India's first auction of the 5G spectrum on July 26.

The Elon Musk-Twitter saga is poised to become a courtroom drama after the billionaire decided to pull out of the deal to buy the microblogging site.

Homegrown automaker Mahindra & Mahindra has raised Rs. 1,925 crore ($250 million) from British International Investment (BII) for its yet-to-be-incorporated EV subsidiary referred to as "EV Co." for now.

The benchmark Sensex and Nifty indices on Friday showed an upward trend, continuing their winning streak for the third consecutive day. The Sensex rose 0.56% to 54,481.84 points while the Nifty gained 0.54% to end at 16,220.6 points.

Elon Musk's $44 billion acquisition of Twitter is back under the public scanner after a Washington Post report suggested that the deal is in danger.

On Thursday, the benchmark Sensex and Nifty indices saw gains. While the Sensex rose 0.79% to 54,178.46 points, the Nifty jumped 0.89% to 16,132.9 points.

Tesla and SpaceX CEO Elon Musk and Shivon Zilis, one of the top executives at his neurotechnology firm Neuralink, had twins in November 2021, Business Insider reported on Wednesday.

On Wednesday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge. The Sensex jumped 1.15% to 53,750.97 points while the Nifty climbed 1.12% to 15,989.8 points.

Winter has arrived early for India's start-ups. Lack of funding has forced the country's start-ups to layoff over 11,000 people so far.

The Indian government has set itself up for a bumper tax revenue in the remainder of this current fiscal.

In a blow to the common man, the price of domestic liquid petroleum gas (LPG) cylinders weighing 14.2 kilogram has been hiked by Rs. 50 from Wednesday.

As the new 1% TDS on crypto trading kicked in on July 1, trading volumes of cryptocurrency have dried up in India.

On Tuesday, the Indian equity benchmarks settled lower after reversing the initial gains.

The Enforcement Directorate (ED) on Tuesday conducted raids against Chinese phone manufacturer Vivo and other associated firms in a money laundering case.

Akasa Air, India's newest airline founded by billionaire Rakesh Jhunjhunwala, unveiled the first look at its airline staff uniform.

More than 50% of the flights operated by IndiGo were delayed on Saturday due to Air India's recruitment process on the same day, according to the reports.

On Monday, the Indian equity benchmarks traded lower in opening deals, moving in tandem with global peers.

The global economic meltdown has resulted in job losses for over 22,000 people in the technology and start-up sector this year in the US. More than 12,000 workers in Indian start-ups have also lost their jobs.

With the average man already suffering from rising inflation, the Goods and Services Tax (GST) Council's decision to raise rates on some products and services, as well as bring additional things under its purview, is expected to exacerbate the situation.

The stock market on Friday ended on a sluggish note as the Sensex settled at 52,907.93 points and the Nifty stood at 15,752.05 points.

This week saw the Indian rupee hit an all-time low against the US dollar as it moved past the 79 rupees to a dollar mark.

India's new four labor codes on wages, social security, industrial relations and occupational safety, and health and working conditions may be implemented by the government on July 1.

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

Quit the job, hit the beach, and do nothing - a dream of many but a reality for a handful.