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#NewsBytesExplainer: Like Sri Lanka, these countries too facing economic setback

16 Jul 2022

COVID-19
#NewsBytesExplainer: Like Sri Lanka, these countries too facing economic setback

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

Sensex climbs over 300 points, Nifty moves past 16,000 mark

15 Jul 2022

Stock Market
Sensex climbs over 300 points, Nifty moves past 16,000 mark

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.

Sensex slips 98 points, Nifty settles below 15,950 points

14 Jul 2022

Stock Market
Sensex slips 98 points, Nifty settles below 15,950 points

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.

OPPO India evaded Rs. 4,389 crore customs duty, says government

14 Jul 2022

OPPO
OPPO India evaded Rs. 4,389 crore customs duty, says government

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.

Airlift, Pakistan's most-valued start-up, to cease operation as funding dries

14 Jul 2022

Startups
Airlift, Pakistan's most-valued start-up, to cease operation as funding dries

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.

Carl Pei: Life and journey of the man behind Nothing

13 Jul 2022

Carl Pei
Carl Pei: Life and journey of the man behind Nothing

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.

Sensex down 372 points, Nifty settles below 15,600 mark

13 Jul 2022

Stock Market
Sensex down 372 points, Nifty settles below 15,600 mark

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 sues Elon Musk for terminating $44bn acquisition deal

13 Jul 2022

Elon Musk
Twitter sues Elon Musk for terminating $44bn acquisition deal

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.

Sensex falls 508 points, Nifty barely holds 16,000 mark

12 Jul 2022

Stock Market
Sensex falls 508 points, Nifty barely holds 16,000 mark

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.

Cheating case filed against SpiceJet CMD Ajay Singh in Gurugram

12 Jul 2022

SpiceJet
Cheating case filed against SpiceJet CMD Ajay Singh in Gurugram

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.

This Indian entrepreneur got world's first patent for 'digital vaccine'

11 Jul 2022

Vaccine
This Indian entrepreneur got world's first patent for 'digital vaccine'

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.

Twitter hires law firm to sue Musk for terminating takeover

11 Jul 2022

Twitter
Twitter hires law firm to sue Musk for terminating takeover

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

Sensex closes at 54,395 points, Nifty settles at 16,216

11 Jul 2022

Sensex
Sensex closes at 54,395 points, Nifty settles at 16,216

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.

Uber Files: Inside the ride-hailing firm's questionable tactics in India

11 Jul 2022

Uber Files
Uber Files: Inside the ride-hailing firm's questionable tactics in India

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.

SC awards 4-month jail, imposes Rs. 2,000 fine to Mallya

11 Jul 2022

Vijay Mallya
SC awards 4-month jail, imposes Rs. 2,000 fine to Mallya

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.

Adani joins 5G race; will compete with Reliance Jio, Airtel

09 Jul 2022

Adani Group
Adani joins 5G race; will compete with Reliance Jio, Airtel

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.

Twitter vows legal battle after Elon Musk terminates $44bn deal

09 Jul 2022

Twitter
Twitter vows legal battle after Elon Musk terminates $44bn deal

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.

Mahindra's new EV subsidiary raises Rs. 1,925 crore

08 Jul 2022

Mahindra & Mahindra
Mahindra's new EV subsidiary raises Rs. 1,925 crore

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.

Sensex gains 303 points, Nifty settles above 16,200 points

08 Jul 2022

Stock Market
Sensex gains 303 points, Nifty settles above 16,200 points

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 Twitter buyout in danger over bot count issue

08 Jul 2022

Elon Musk
Elon Musk's Twitter buyout in danger over bot count issue

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.

Sensex climbs over 400 points, Nifty moves past 16,100 mark

07 Jul 2022

Stock Market
Sensex climbs over 400 points, Nifty moves past 16,100 mark

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.

Elon Musk quietly had twins with Neuralink executive last year?

07 Jul 2022

Elon Musk
Elon Musk quietly had twins with Neuralink executive last year?

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.

Sensex gains over 600 points, Nifty settles at almost 16,000

06 Jul 2022

Sensex
Sensex gains over 600 points, Nifty settles at almost 16,000

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.

Indian start-ups that are hiring despite layoff season

06 Jul 2022

Startups
Indian start-ups that are hiring despite layoff season

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.

Centre will make $12bn from windfall tax on oil companies

06 Jul 2022

Indian Government
Centre will make $12bn from windfall tax on oil companies

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

Domestic LPG increases by Rs. 50/cylinder; third hike since May

06 Jul 2022

Lpg Cylinder
Domestic LPG increases by Rs. 50/cylinder; third hike since May

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.

India's crypto trading volume dries up due to new tax

05 Jul 2022

Cryptocurrency
India's crypto trading volume dries up due to new tax

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

Sensex closes at 53,134 points, Nifty settles at 15,811

05 Jul 2022

Sensex
Sensex closes at 53,134 points, Nifty settles at 15,811

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

ED raids Vivo as part of money laundering probe

05 Jul 2022

Xiaomi
ED raids Vivo as part of money laundering probe

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

Akasa Air boasts new crew uniforms as youthful, eco-friendly

04 Jul 2022

Rakesh Jhunjhunwala
Akasa Air boasts new crew uniforms as youthful, eco-friendly

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

Over 50% IndiGo flights delayed as crew attend job interviews

04 Jul 2022

Air India
Over 50% IndiGo flights delayed as crew attend job interviews

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.

Sensex slips to 52,805 points, Nifty barely holds 15,700

04 Jul 2022

ONGC
Sensex slips to 52,805 points, Nifty barely holds 15,700

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

Over 12,000 start-up employees in India lost jobs this year

04 Jul 2022

Netflix
Over 12,000 start-up employees in India lost jobs this year

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.

New GST rule: What gets cheaper, what's costlier?

01 Jul 2022

GST
New GST rule: What gets cheaper, what's costlier?

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.

Sensex slips 111 points, Nifty just barely holds 15,750 mark

01 Jul 2022

Stock Market
Sensex slips 111 points, Nifty just barely holds 15,750 mark

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.

#NewsBytesExplainer: What is causing Indian rupee's fall against US dollar

01 Jul 2022

Indian Rupee (INR)
#NewsBytesExplainer: What is causing Indian rupee's fall against US dollar

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.

New labor codes: Decoding what's good and bad for you

30 Jun 2022

Labor Codes
New labor codes: Decoding what's good and bad for you

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.

Sensex closes at 53,019 points, Nifty settles below 15,800

30 Jun 2022

Bitcoin
Sensex closes at 53,019 points, Nifty settles below 15,800

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

CEO quits $68bn investment firm to chill at the beach

30 Jun 2022

United Kingdom
CEO quits $68bn investment firm to chill at the beach

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

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