Business News | Page 4
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
03 Feb 2023Bharti Airtel
Airtel 5G now live in Kozhikode, Trivandrum and Thrissur
Bharti Airtel has rolled out its 5G services in three cities of Kerala, namely Kozhikode, Trivandrum, and Thrissur.
03 Feb 2023Tim Cook
Tom Cook 'bullish' on India as Apple posts record revenue
Apple CEO Tim Cook is "very bullish" on India. It will be surprising if he isn't. After all, the company had a record-setting performance in the last quarter of 2022 in the country.
03 Feb 2023Stock Market
Sensex climbs 909 points, Nifty ends above 17,850 mark
On Friday, the benchmark Sensex and Nifty indices saw gains. While the Sensex rose 1.5% to 60,841.88 points, the Nifty jumped 1.36% to 17,854.05 points.
03 Feb 2023Adani Group
Adani Group's meltdown: Lenders, stock exchanges put conglomerate on notice
Gautam Adani's business empire is in the midst of a meltdown, the scale of which no one could have predicted.
03 Feb 2023Cryptocurrency
Cryptocurrency prices: Today's rates of Bitcoin, Ethereum, Polygon, Shiba Inu
Bitcoin has slipped 1.36% in the past 24 hours to trade at $23,553.95. It is 3.18% higher than the week before.
02 Feb 2023Adani Group
RBI is looking into Indian banks' exposure to Adani Group
As Adani Group companies nosedive in the stock market, the Reserve Bank of India (RBI) has stepped in to measure the exposure of Indian banks to the conglomerate.
02 Feb 2023BYJU'S
BYJU'S fires over 1,000 employees after promising no more layoffs
BYJU'S, the world's most valuable edtech company, has been struggling due to slow revenue growth and scarcity of funding. The company has now decided to slash over 1,000 jobs as part of a new cost-cutting initiative.
02 Feb 2023Stock Market
Sensex gains 224 points, Nifty ends flat at 17,610 points
The stock market on Thursday ended on a sluggish note as the Sensex settled at 59,932.24 points and the Nifty stood at 17,610.4 points.
02 Feb 2023Meta
Meta surprises with better-than-expected quarterly results; focus on improving efficiency
Meta aims to make 2023 "the year of efficiency," CEO Mark Zuckerberg said while announcing the company's fourth-quarter earnings report.
02 Feb 2023Cryptocurrency
Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Polygon, Tether
Bitcoin has climbed 3.1% in the past 24 hours, trading at $23,870.50. It is 3.04% higher than last week.
01 Feb 2023Adani Group
Adani Enterprises calls off FPO, will return investors' money
In an unexpected but not surprising move, Adani Enterprises has called off its fully-subscribed Rs. 20,000 crore follow-on public offer (FPO). The decision was taken at a meeting of its board of directors.
Budget 2023-24: Boost for Hyderabad as Centre reveals 'Millet Plans'
Finance Minister Nirmala Sitharaman unveiled the Centre's plan to popularize millets in India and make the crop a priority area while presenting Budget 2023-24 on Wednesday.
Union Budget 2023: How's new tax regime different from old
In a relief to middle-class citizens in the Union Budget 2023-24, the income tax exemption limit under the new tax regime has been increased from Rs. 2.5 lakh to Rs. 3 lakh, while the tax rebate limit was raised from Rs. 5 lakh to Rs. 7 lakh.
Union Budget 2023-24: Key announcements for women
India's Finance Minister Nirmala Sitharaman on Wednesday announced a one-time small saving scheme for women called "Mahila Samman Saving Certificate," which will stay available until March 2025.
Budget 2023-24: What gets costlier, what's cheaper? Details here
Union Finance Minister Nirmala Sitharaman delivered her fifth annual budget to Parliament on Wednesday.
Union Budget 2023-24: Key takeaways for education sector
Union Finance Minister Nirmala Sitharaman officially presented the Union Budget 2023-2024 on Wednesday in Parliament.
01 Feb 2023Intel
Intel reduces employee salaries; CEO to take 25% pay cut
A day after it announced plans to lay off about 340 employees at its Folsom Campus in California, Intel Corp. has confirmed that it has implemented pay cuts across the company.
01 Feb 2023PAN Card
Union Budget: PAN Card to become universal identifier for businesses
Union Finance Minister Nirmala Sitharaman, on Wednesday, proposed to use PAN (Permanent Account Number) card as the common identifier for digital transactions.
01 Feb 2023Stock Market
Market sees the bull as investors cheer Union Budget 2023
The Indian stock market is on a bullish note on account of the Union Budget presented today.
Union Budget 2023-24: No income tax up to Rs. 7L
Announcing the new Union Budget for 2023-24 today, Finance Minister Nirmala Sitharaman declared renewed income tax rates.
Union Budget 2023-24: Here are the key highlights
Union Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2023-24 on Wednesday.
01 Feb 2023Cryptocurrency
Today's cryptocurrency prices: Rates of Bitcoin, Ethereum, Polygon, Shiba Inu
Bitcoin has surged by 1.29% in the past 24 hours to trade at $23,163.01. It is 2.23% up compared to last week.
01 Feb 2023PayPal
PayPal faces job cuts amid economic slowdown; 2,000 employees axed
PayPal has announced that it is axing 2,000 employees or roughly 7% of its workforce.
Will Union Budget 2023 boost Indian economy, what to expect
Finance Minister Nirmala Sitharaman will present the Union Budget 2023 today at 11 am.
31 Jan 2023Union Budget
Union Budget 2023 presentation: Tax cuts, manufacturing incentives expected
Finance Minister Nirmala Sitharaman will present the Union Budget for 2023 in Parliament on Wednesday as people are hoping for reduced taxes, better social security, and financial incentives to boost production.
31 Jan 2023Bharti Airtel
Airtel 5G launched in more cities across Andhra Pradesh, Telangana
Bharti Airtel has rolled out its 5G services in more cities across Andhra Pradesh and Telangana, including Vijayawada, Rajahmundry, Kakinada, Kurnool, Guntur, and Tirupati, Warangal, and Karimnagar.
31 Jan 2023Gautam Adani
Gautam Adani is no longer among world's top 10 richest
Hindenburg Research's damning report on the Adani Group has affected Gautam Adani's personal wealth as well. The Indian business tycoon saw his wealth decline by $34.6 billion since the report was published.
31 Jan 2023Stock Market
Sensex closes with marginal gains, Nifty settles above 17,650
The stock market on Tuesday ended on a sluggish note as the Sensex settled at 59,549.9 points and the Nifty stood at 17,662.15 points.
31 Jan 2023Twitter
Twitter working on payment tools to build an 'everything app'
Elon Musk is persistent in his push to reimagine Twitter as a payments platform.
31 Jan 2023Budget Session
Budget Session: Nirmala Sitharaman tables 2023 Economic Survey in Parliament
Finance Minister Nirmala Sitharaman on Tuesday tabled the Economic Survey 2022-23 in Parliament, following President Droupadi Murmu's maiden address to a joint session of Lok Sabha and Rajya Sabha, marking the start of the Budget Session.
31 Jan 2023Union Budget
Finance Minister Nirmala Sitharaman to present 2023 Economic Survey today
The central government is set to table the 2023 Economic Survey on Tuesday, a day before the Union Budget 2023-24 presentation.
31 Jan 2023Cryptocurrency
Today's cryptocurrency prices: Check Bitcoin, Ethereum, Shiba Inu, Solana rates
Bitcoin has slipped 3.47% in the past 24 hours to trade at $22,871.88. It is 0.80% lower than the week before.
31 Jan 2023International Monetary Fund
Amid global slowdown predictions, IMF calls India 'bright spot'
India is likely to see some economic slowdown in the fiscal year 2023, the International Monetary Fund (IMF) said in its January update of the World Economic Outlook released on Tuesday.
30 Jan 2023Manu Jain
Manu Kumar Jain quits Xiaomi after 9 years
Manu Kumar Jain has resigned from the Xiaomi Group after serving for nine years in various top positions at the Chinese tech giant. He announced his exit today via a Twitter post titled Change is the only constant in life.
30 Jan 2023Google
Fired after rejecting sexual advances of female executive: Ex-Google employee
Google has been caught in a sexual harassment allegation by a former employee. Ryan Olohan, 48, has alleged in a lawsuit that he was fired by the tech giant after rejecting a top female executive's advances at a company dinner.
30 Jan 2023Life Insurance Corporation of India
Hindenburg report under evaluation, Adani Group would be questioned: LIC
Life Insurance Corporation (LIC) on Monday said that the Adani Group's response to the US-based short-seller Hindenburg Research's criticism was under evaluation and the group's management would be questioned soon, Reuters reported.
30 Jan 2023Meta
Mark Zuckerberg unhappy with Meta's organizational structure; more layoffs possible
Last year, Meta laid off over 11,000 employees or 13% of its workforce. It seems that the company is not done axing staffers.
30 Jan 2023Stock Market
Sensex jumps 169 points, Nifty settles around 17,650 mark
The stock market on Monday ended flat but in green as the Sensex settled at 59,500.41 points and the Nifty stood at 17,648.95 points.
30 Jan 2023Health & Wellness
Philips announces more jobs cuts; 6,000 employees to be fired
Dutch health technology company Philips has announced that it plans to lay off 6,000 more employees. The company has been battling losses following the recall of its faulty sleep apnea treatment devices.
30 Jan 2023Cryptocurrency
Cryptocurrency prices: Today's rates of Bitcoin, Ethereum, Shiba Inu, Tether
Bitcoin has climbed 2.2% over the last 24 hours, trading at $23,741.74. It is 4.4% higher than the previous week.