Business News
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27 Aug 2023
Go FirstCritical components going missing from jets, claims Go First's lessor
Bankrupt Indian airline Go First is embroiled in a legal dispute with multiple foreign lessors, including Ireland-based ACG Aircraft Leasing.
27 Aug 2023
State Bank of India (SBI)Retirement age extension for LIC, PSB executives proposed
The Centre is currently discussing a proposal to extend the retirement age of top executives at the Life Insurance Corporation (LIC), State Bank of India (SBI), and other public sector banks (PSBs).
26 Aug 2023
Income Tax Department of IndiaI-T Department launches revamped website for ease of taxpayers
The Income Tax Department has launched a revamped website boasting a user-friendly interface, value-added functionalities, and new modules.
26 Aug 2023
BlackBerryVeritas Capital bids for BlackBerry takeover; deal under strategic review
Private equity company Veritas Capital has submitted a takeover bid for Canadian technology company BlackBerryy Ltd, which is currently undergoing a strategic review.
26 Aug 2023
CryptocurrencyCryptocurrency prices: Here are rates of Bitcoin, Ethereum, BNB, Solana
Bitcoin has climbed 0.02% in the past 24 hours and is trading at $26,048.79. Compared to last week, it is up by 0.30%.
26 Aug 2023
IndiaIndia imposes 20% export duty on parboiled rice
India has implemented a 20% export duty on parboiled rice in an effort to stabilize domestic prices and increase inventory, amid ongoing inflation and rising costs.
25 Aug 2023
TeslaIndia mulls lowering import tax for Tesla, other EV makers
India is contemplating a new electric vehicle (EV) policy that could significantly reduce import taxes for automakers like Tesla if they commit to local manufacturing.
25 Aug 2023
UnicornZepto breaks India's unicorn drought by raising $200mn at $1.4bn
Quick-commerce start-up Zepto has become India's first unicorn of 2023. It secured $200 million in a Series E funding round, achieving a $1.4 billion valuation.
25 Aug 2023
NASDAQSoftBank-backed Better's shares tank 95% in disastrous NASDAQ debut
Better.com's (Better Home & Finance Holding) shares took a significant hit on their NASDAQ debut, plunging as much as 95%.
25 Aug 2023
Stock MarketSensex slips over 360 points, Nifty closes below 19,300 mark
On Friday, the benchmark Sensex and Nifty indices witnessed a fall. The Sensex plunged 365.83 points or 0.56% to end at 64,886.51 points, while the Nifty fell 120.9 points or 0.63% to settle at 19,265.80 points.
25 Aug 2023
NVIDIAWhy NVIDIA's $25bn share buyback has investors scratching their heads
NVIDIA's announcement of a $25 billion stock buyback has left some investors puzzled, given the company's strong second-quarter report.
25 Aug 2023
Reliance RetailReliance Retail's Gen Z-focused Yousta stores challenge Flipkart's Spoyl
Reliance Retail has introduced Yousta, a new fashion retail format targeting consumers aged 15-25 with affordable prices.
25 Aug 2023
Reliance IndustriesReliance Retail's IPO prep: RIL could sell 8-10% stake
Reliance Industries plans to sell an additional 8-10% stake in Reliance Retail Ventures Limited (RRVL) to fund expansion, repay debt, and prepare for its stock market debut.
25 Aug 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, XRP
Bitcoin has shed 1.62% over the last 24 hours, trading at $26,024.26. It is 0.91% lower than the previous week.
24 Aug 2023
Reliance IndustriesReliance could rival Paytm and PhonePe with a sound box
Sound box, a pocket-sized speaker which validates and announces successful payments to merchants, was introduced by Paytm.
24 Aug 2023
InfosysTennis icon Rafael Nadal becomes Infosys's brand ambassador
Indian IT giant Infosys has inked a three-year partnership with tennis icon Rafael Nadal, marking his first-ever collaboration with a digital services firm.
24 Aug 2023
Stock MarketSensex slips 180 points, Nifty drops below 19,400 mark
On Thursday, the benchmark Sensex and Nifty indices witnessed a slump. While the Sensex slipped 0.28% or 180 points to end at 65,252.34 points, the Nifty shed 0.29%, or 57.3 points to settle at 19,386.7 points.
24 Aug 2023
Artificial Intelligence and Machine LearningIndia is among the world's top 5 in AI talent
India ranks among the top five nations with the fastest-growing artificial intelligence (AI) talent, says a new LinkedIn report.
24 Aug 2023
Elon MuskElon Musk invites news organizations to join X's revenue-sharing program
Elon Musk has been actively encouraging people to join X's revenue-sharing program. The billionaire has now invited news organizations to earn money from the platform.
24 Aug 2023
Reliance IndustriesJio Financial Services stock hits lower circuit for fourth day
Jio Financial Services Limited (JFSL) shares have hit the lower circuit for the fourth consecutive trading session.
24 Aug 2023
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Shiba Inu
Bitcoin has increased 1.68% over the last 24 hours to trade at $26,469.91. It is down 7.53% from last week.
24 Aug 2023
NVIDIADriven by AI boom, NVIDIA's profit skyrockets 840% YoY
Riding the AI wave, NVIDIA has shattered records with its Q2 2024 revenue of $13.5 billion.
23 Aug 2023
IndiaIndia halts sugar exports amid drought; first in 7 years
India is set to halt sugar exports for the first time in seven years due to reduced cane yields caused by insufficient rainfall.
23 Aug 2023
Reliance RetailQIA acquires 1% stake in Reliance Retail at $100bn valuation
Qatar's sovereign fund, QIA, has announced a $1 billion investment in Reliance Retail.
23 Aug 2023
Stock MarketSensex climbs to 65,465 points, Nifty settles above 19,440
On Wednesday, the benchmark Sensex and Nifty indices showed an upward trend. The Sensex rose 0.37% to settle at 65,465.27 points, while the Nifty gained 0.24% to end at 19,444 points.
23 Aug 2023
EuropeEurozone business activity plummets, declining service industry to blame
Eurozone business activity has taken a significant hit this month, with Germany, Europe's largest economy, experiencing a particularly sharp downturn.
23 Aug 2023
Reserve Bank Of India (RBI)Banks to remain closed for 16 days in September 2023
In September 2023, banks in India will be closed for 16 days. This includes the second and fourth Saturdays and Sundays.
23 Aug 2023
SnapchatEx-Google executive Pulkit Trivedi takes charge as Snap's India head
Snap has restructured its operations in India.
23 Aug 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Tether, Ethereum, Solana
Bitcoin has dropped 0.18% in the past 24 hours to trade at $25,995. Compared to last week, it is 10.78% down.
22 Aug 2023
Stock MarketJFSL removal postponed to August 28 amid circuit limit hits
The removal of Jio Financial Services (JFSL) from the Nifty 50 and Sensex indices has been postponed.
22 Aug 2023
Stock MarketSensex and Nifty close flat: Check Tuesday's stock market report
On Tuesday, major indices of the stock market ended flat.
22 Aug 2023
United States of AmericaUS banks face credit rating downgrades over funding risks
S&P Global has recently downgraded credit ratings and revised outlooks for several US banks.
22 Aug 2023
CryptocurrencyCoinDCX cuts workforce by 12% amid market struggles
Cryptocurrency exchange CoinDCX has laid off 12% of its workforce due to shifting business priorities and a challenging environment.
22 Aug 2023
MicrosoftEyeing UK approval, Microsoft sells Activision cloud rights to Ubisoft
US tech giant Microsoft is reworking its $68.7 billion Activision Blizzard acquisition to address UK regulators' concerns about competition in the cloud gaming market.
22 Aug 2023
Unique Identification Authority of IndiaWho is Neelkanth Mishra, the new UIDAI chairperson
The Ministry of Electronics and Information Technology (MeitY) has appointed Neelkanth Mishra as the part-time chairperson of the Unique Identification Authority of India (UIDAI).
22 Aug 2023
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has lost 0.13% in the last 24 hours, trading at $26,019.81. It is 11.32% down compared to last week.
22 Aug 2023
Reliance GroupJFSL shares hit 5% lower circuit on day-2: Here's why
The shares of Jio Financial Services Limited (JFSL) have experienced a 5% drop for the second consecutive trading session today.
22 Aug 2023
SoftBank GroupSoftBank-owned Arm Holdings pursues record-breaking IPO in 2023
SoftBank-owned UK-based chip company Arm Holdings has filed for a NASDAQ listing, with ambitions to achieve the largest US IPO of 2023.
21 Aug 2023
BYJU'SCherian Thomas, BYJU's Senior Vice President, quits
Cherian Thomas, Senior Vice President of international business at BYJU'S, has stepped down from his position. He was part of the ed-tech giant for over six years.
21 Aug 2023
Indian RailwaysIndian Railways to launch PLI scheme to lower import dependence
Indian Railways is exploring a production-linked incentive (PLI) scheme aimed at boosting domestic manufacturing of brakes, wheels, and transmission systems for LHB and Vande Bharat train sets.
