Business News
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28 Sep 2023
StartupsNikhil Kamath-backed Third Wave Coffee secures $35mn in Series C
Indian specialty coffee and food brand Third Wave Coffee has secured $35 million in a Series C funding round.
28 Sep 2023
IndiaCentre greenlights cable TV infrastructure sharing with broadband service providers
The Indian government has updated the Cable Television Network Rules-1994, allowing multi-system operators (MSOs) to team up with broadband service providers.
28 Sep 2023
RussiaRussia charges India $80/barrel for oil, 30% over Western cap
Russia is selling oil to India for nearly $80 per barrel, a whopping $20 above the Western price cap of $60 per barrel, reported Reuters citing some traders.
28 Sep 2023
HP IndiaHP, Google to make Chromebooks in India
HP, in partnership with Google, is set to manufacture Chromebook devices in India starting from October 2.
28 Sep 2023
Asian PaintsBillionaire Ashwin Dani, ex-chief of Asian Paints, dies at 79
Ashwin Dani, a second-generation descendant of the family that co-founded Asian Paints and held the position of non-executive director within the company, passed away at the age of 79 on September 28, as reported by CNBC-TV18.
28 Sep 2023
Stock MarketSensex slips over 600 points, Nifty settles above 19,500 mark
On Thursday, the benchmark Sensex and Nifty indices were on a downward trend. While the Sensex plunged 0.92% to 65,508.32 points, the Nifty fell 0.98% to 19,523.55 points.
28 Sep 2023
IndiaIndia's current account deficit increases 7 times quarter-to-quarter: Here's why
India's current account deficit (CAD) has seen a whopping increase, hitting $9.2 billion in the first quarter of 2023-24.
28 Sep 2023
ChinaChina Evergrande halts trading amid Chairman's detention
Trading in the shares of China's debt-ridden property sector giant Evergrande and two of its subsidiaries was halted on Thursday.
28 Sep 2023
AppleApple to face antitrust lawsuit over Apple Pay dominance
Apple is now facing an antitrust lawsuit over its Apple Pay mobile wallet, with three credit unions leading the charge.
28 Sep 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, XRP, Tether
Bitcoin has climbed 0.54% in the past 24 hours, trading at $26,389.60. It is 2.58% lower than last week.
28 Sep 2023
XX will be profitable in 2024: CEO Linda Yaccarino
At the Code Conference in California, Linda Yaccarino, CEO of the social media platform X, formerly known as Twitter, announced that the company will become profitable by early 2024.
27 Sep 2023
IndiaIndia slips 4 spots to 56th in 2023 talent ranking
India has dropped four spots to rank 56th in the 2023 World Talent Ranking, as per an International Institute for Management Development (IMD) report.
27 Sep 2023
Akasa AirBombay HC to hear Akasa Air's pilot resignation dispute
The Bombay High Court has granted permission to hear Akasa Air's plea against five pilots who left the company without fulfilling their notice period obligations.
27 Sep 2023
Travel And TourismTourism industry rebounds with hiring demand spike in August
India's travel and tourism industry has made an impressive comeback, witnessing a 44% annual increase in talent demand in August this year, according to a report by talent platform foundit.
27 Sep 2023
Initial Public Offering (IPO)JSW Infrastructure IPO: 37x subscription on last day
JSW Infrastructure, a leading port-related infrastructure company, has seen its initial public offering (IPO) subscribed 37.37 times on the final day of bidding.
27 Sep 2023
ICC Cricket World CupICC World Cup to boost hotel fares by 150%: Jefferies
Global investment bank Jefferies predicts that hotel and airline fares will increase by an average of 150% and 80%, respectively, on match days during the ICC Cricket World Cup 2023.
27 Sep 2023
CryptocurrencyBinance sells Russian business amid investigations by US authorities
Binance, the world's largest cryptocurrency exchange, has announced its complete exit from Russia by selling its entire Russia-based operations to crypto firm CommEX.
27 Sep 2023
Stock MarketSensex climbs over 170 points, Nifty settles above 19,700
On Wednesday, the benchmark Sensex and Nifty indices saw gains since morning. While the Sensex rose 0.26% to close at 66,118.69 points, the Nifty jumped 0.26% to settle at 19,716.45 points.
27 Sep 2023
United States of AmericaConsulting giant McKinsey settles opioid lawsuits for $230 million
Consulting giant McKinsey & Co has decided to pay $230 million to settle lawsuits.
27 Sep 2023
TataTata Play Binge goes global as OTT aggregator platform
Tata Play, a content distribution platform offering pay-TV and OTT aggregation services, has launched Tata Play Binge Platform-as-a-Service (PaaS) for OTT aggregators worldwide.
27 Sep 2023
ChinaChina Evergrande's Chairman under police surveillance as liquidation risk grows
China Evergrande Group's Chairman, Hui Ka Yan, has reportedly been placed under police surveillance, marking a new phase in the ongoing saga of the world's most indebted property developer.
27 Sep 2023
BYJU'SBYJU's to fire around 4,000 employees in major restructuring move
Edtech giant BYJU'S is reportedly planning a significant restructuring exercise, including a fresh round of layoffs impacting up to 4,000 jobs, under its new India CEO, Arjun Mohan.
27 Sep 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Polygon, Solana
Bitcoin has slipped 0.35% in the past 24 hours to trade at $26,247.43. It is 3.32% lower than the week before.
27 Sep 2023
AmazonAfter Google, US government sues Amazon for antitrust violations
Amazon is being sued by the Federal Trade Commission (FTC) and 17 state attorney generals for alleged antitrust violations, accusing the e-commerce giant of abusing its position to inflate prices, overcharge sellers, and stifle competition.
27 Sep 2023
OpenAIOpenAI eyes $80-90bn valuation as investors bet on AI future
OpenAI, the Microsoft-backed artificial intelligence start-up, is reportedly in talks with investors to sell existing shares at a higher valuation than just a few months ago.
27 Sep 2023
Securities and Exchange Board of IndiaSEBI extends demat nomination deadline to December 31
The Securities and Exchange Board of India (SEBI) has extended the deadline for existing demat account holders to provide a choice of nomination by three months to December 31, 2023.
26 Sep 2023
InfosysInfosys, Microsoft partner to accelerate adoption of generative AI
IT major Infosys is expanding its strategic partnership with Microsoft to create industry-leading generative artificial intelligence (AI)-enabled solutions for enterprises across various sectors.
26 Sep 2023
GoogleGoogle's antitrust trial reveals 'anti-competitive' deals with Apple and Samsung
The landmark anti-monopoly trial that kicked off this month in Washington, DC sheds light on Google's strategies to dominate online search market.
26 Sep 2023
BengaluruWarehouse rent surge: Bengaluru, Delhi-NCR among top 10 APAC cities
Bengaluru and Delhi-NCR are among the top 10 cities in the Asia-Pacific (APAC) region, with the highest increase in warehouse rent over the past 12 months.
26 Sep 2023
StartupsZerodha FY23 results: Revenue and profit grow by over 40%
Zerodha, India's leading stockbroking firm posted a revenue of approximately Rs. 6,875 crore in fiscal 2023.
26 Sep 2023
Initial Public Offering (IPO)JSW Infra IPO, driven by retail investors, now fully subscribed
The initial public offering (IPO) of JSW Infrastructure has been subscribed 1.58 times on day 2 so far.
26 Sep 2023
Stock MarketSensex slips to 65,945 points, Nifty settles near 19,660 mark
On Tuesday, major indices of the stock market ended flat.
26 Sep 2023
GSTDream11, other gaming firms face GST notices worth Rs. 55,000cr
The Directorate General of GST Intelligence (DGGI) has issued pre-show cause notices to around 12 online real money gaming companies for tax dues worth Rs. 55,000 crore.
26 Sep 2023
Reserve Bank Of India (RBI)Exchange your Rs. 2,000 notes before September 30 deadline
The Reserve Bank of India (RBI) had announced the discontinuation of Rs. 2,000 notes in circulation on May 19, 2023.
26 Sep 2023
AmazonAmazon veteran Dave Limp to lead Jeff Bezos's space company
Blue Origin, Jeff Bezos's space tourism and rocket company, has announced the appointment of Dave Limp, currently the Senior Vice President of Devices and Services at Amazon, as its new CEO.
26 Sep 2023
IndiaIndia, US best friends amid changing global dynamics: JPMorgan CEO
During a recent visit to India, Jamie Dimon, Chairman & CEO of JPMorgan Chase, lauded Prime Minister Narendra Modi's initiatives to simplify the country's economic landscape.
26 Sep 2023
CryptocurrencyHow hackers executed the largest crypto theft of 2023
Hong Kong-based cryptocurrency firm Mixin has announced via social media platform X that hackers have stolen around $200 million from its accounts.
26 Sep 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Solana, XRP
Bitcoin has risen 0.78% over the last 24 hours to trade at $26,340.18. It is down 1.90% from last week.
26 Sep 2023
Employees Provident Fund Organization (EPFO)EPF subscriber base grew by 1 million in July 2023
The National Statistical Office (NSO) has released data revealing that over one million people joined the organized workforce in July 2023.
25 Sep 2023
Reliance IndustriesReliance Industries shares enter oversold territory: What it means
Reliance Industries Ltd., India's largest company by market valuation, has faced a challenging streak as its stock fell for the fifth consecutive day, plunging the conglomerate into oversold territory for the first time since March.
