Business News

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03 Oct 2023

Stock Market

Sensex slips 316 points, Nifty settles near 19,530 mark

On Tuesday, the benchmark Sensex and Nifty indices witnessed a slump.

03 Oct 2023

World Bank

World Bank keeps India's GDP growth unchanged at 6.3%

The World Bank has opted to retain the economic growth forecast for India at 6.3% in the fiscal year (FY) 2023-24, despite the nation grappling with significant external challenges, Economic Times reported.

03 Oct 2023

Stock Market

Why major Indian auto stocks are trading in red today

Major auto stocks, such as Maruti Suzuki, Hero MotoCorp, Eicher Motors, and Tata Motors, saw a dip in share prices after announcing their September automobile sales.

Is US slipping into recession? These red flags suggest so

In recent months, the economic landscape in the United States (US) has presented a mixed bag of signals, leaving many pondering the possibility of a looming recession.

03 Oct 2023

Microsoft

Microsoft CEO blames Google for Bing's struggles in search market

Microsoft's CEO Satya Nadella recently testified in the ongoing antitrust trial against Alphabet, Google's parent company.

03 Oct 2023

Meta

Meta's paid plan will remove ads from Instagram and Facebook 

Meta Platforms is said to be considering ad-free subscriptions for Instagram and Facebook users in Europe, with a price tag of around $14 (nearly Rs. 1,165) per month.

03 Oct 2023

Cryptocurrency

Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, XRP

Bitcoin has lost 1.67% in the last 24 hours, trading at $27,582.32. It is up 4.73% from last week.

03 Oct 2023

Elon Musk

Musk sued for defamation after falsely claiming man as neo-Nazi

Elon Musk, the billionaire owner of X (previously Twitter), is facing a defamation lawsuit filed by a 22-year-old Californian named Ben Brody.

03 Oct 2023

Startups

Another Dunzo co-founder set to exit start-up

Mukund Jha, co-founder and Chief Technology Officer (CTO) of the on-demand delivery start-up Dunzo, is rumored to be leaving the company soon.

02 Oct 2023

India

Sanjeev Sanyal calls for globally recognized ESG standards

Speaking at the Africa Partnership Conference in Mauritius, Sanjeev Sanyal, a member of the Economic Advisory Council to the Prime Minister, stressed the importance of clear Environmental, Social, and Governance (ESG) norms.

MyGov CEO Akash Tripathi to lead India Semiconductor Mission

Akash Tripathi, a seasoned IAS officer, is set to take the helm of the India Semiconductor Mission (ISM), the organization responsible for the country's $10-billion chip subsidy program.

02 Oct 2023

Bombay High Court

Barclays challenges Pune court's verdict in whistleblower retaliation case

Barclays is attempting to reverse a ruling by an Indian court that found the British bank guilty of retaliating against a whistleblower.

02 Oct 2023

Asia

World Bank lowers 2023 growth forecasts for East Asia 

The World Bank recently adjusted its growth predictions for developing countries in East Asia and the Pacific, pointing to tighter financial conditions and a sluggish global environment.

02 Oct 2023

China

Evergrande chairperson under scrutiny for offshore asset transfers 

China Evergrande Group's chairperson, Hui Ka Yan, is in hot water as he's being investigated for possibly moving assets offshore.

02 Oct 2023

Cryptocurrency

Today's cryptocurrency prices: Check Bitcoin, Ethereum, Dogecoin, Tether rates

Bitcoin has climbed by 3.77% in the past 24 hours to trade at $28,069.66. Compared to last week, it is up 7.42%.

02 Oct 2023

Startups

Another setback for Dunzo as co-founder Dalvir Suri exits

Dalvir Suri, co-founder of hyperlocal delivery start-up Dunzo, is stepping down after more than six years with the company.

01 Oct 2023

India

India's MICE tourism less than 1% of global convention business

Despite striving to improve its infrastructure for Meetings, Incentives, Conferences, and Exhibitions (MICE), India holds less than one percent of the world's share in this growing industry, IANS reported, citing a recent report by a high-level Parliamentary committee.

01 Oct 2023

LPG Cylinder

Commercial LPG cylinder price hiked by Rs. 209

The Indian Oil Corporation Limited (IOCL), a government-owned oil and gas company, has hiked the price of commercial Liquefied Petroleum Gas (LPG) cylinders by Rs. 209 starting Sunday, The Economic Times reported.

01 Oct 2023

Cryptocurrency

Today's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Cardano, Solana

Bitcoin has climbed by 0.44% in the past 24 hours to trade at $27,048.64. Compared to last week, it is up by 1.8%.

RBI extends deadline to exchange Rs. 2,000 notes

The Reserve Bank of India (RBI) announced on Saturday that the date for depositing and exchanging Rs. 2,000 banknotes has been extended until October 7, 2023, from the September 30 deadline.

30 Sep 2023

US Congress

Ether linked to last year's FTX hack begins moving

Millions worth of ether linked to an FTX account drainer have been spotted in transactions in blockchain data.

30 Sep 2023

Cryptocurrency

Co-founder of 3AC, collapsed crypto hedge fund, arrested in Singapore

Su Zhu, co-founder of the now-defunct crypto hedge fund Three Arrows Capital (3AC), has landed in hot water after being arrested at Singapore's Changi Airport on Friday.

30 Sep 2023

Cryptocurrency

Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, BNB, Solana

Bitcoin has dropped by 0.12% in the past 24 hours to trade at $26,937.54. Compared to last week, however, it is up by 1.45%.

30 Sep 2023

Pakistan News

Debt-ridden Pakistan seeks $11 billion aid from China, Saudi Arabia

Pakistan's caretaker government is reportedly in talks with China and Saudi Arabia to secure $11 billion in aid, aiming to keep the International Monetary Fund (IMF) bailout program on track and avoid an economic crisis.

29 Sep 2023

India

India's April-August fiscal deficit increases to Rs. 6.43 lakh crore

In the first five months of this financial year through August, India's fiscal deficit has grown to Rs. 6.43 lakh crore, which is 36% of the annual target of Rs. 17.87 lakh crore.

29 Sep 2023

WhatsApp

JioMart shoppers can avail up to 70% off through WhatsApp

As part of Meta and JioMart's one-year-long partnership anniversary celebration, JioMart has announced huge offers, where the e-commerce company will offer massive discounts of up to 70% on a wide range of products.

29 Sep 2023

Europe

Eurozone inflation declines to lowest in 2 years

In September, inflation in the Eurozone dropped to its lowest in two years. This decrease indicates that the European Central Bank's (ECB) gradual increase in interest rates has been successful in controlling high prices, although it has come at the expense of economic growth.

Pharma stocks gains up to 10%: What's fuelling the rally

Pharmaceutical stocks in India experienced a strong upswing today, with some companies experiencing gains of up to 10%.

29 Sep 2023

Stock Market

Sensex gains 320 points, Nifty settles near 19,640 mark

On Friday, the benchmark Sensex and Nifty indices saw an upward trend.

29 Sep 2023

Indian Government

Indian government expected to monetize Rs. 2tn worth of highways 

The Indian government is expected to monetize around Rs. 2 trillion ($24 billion) worth of highways in the coming years, as reported by CareEdge Ratings.

29 Sep 2023

Sony Pictures

Sony-Zee merger further delayed by few more months: Here's why

Sony Corporation has said that Sony Pictures Networks India's planned merger with Zee Entertainment Enterprises in India is facing delays, with completion now expected to take a few more months.

29 Sep 2023

Air India

Air India acquires India's first A350-900 aircraft through GIFT City

Air India has completed acquiring India's first Airbus A350-900 aircraft through a finance lease deal with HSBC, facilitated by Gujarat International Finance Tec-City (GIFT City), India's premier International Financial Services Centre (IFSC).

29 Sep 2023

Apple

Microsoft considered selling Bing search engine to Apple in 2020

In 2020, Microsoft considered selling its Bing search engine to Apple, reported Bloomberg citing sources familiar with the matter.

Deadline for exchanging Rs. 2,000 notes may extend to October-end

The Reserve Bank of India (RBI) is considering extending the deadline for depositing and exchanging Rs. 2,000 banknotes until the end of October, per Moneycontrol.

29 Sep 2023

Cryptocurrency

Cryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Solana, Polygon

Bitcoin has increased 2.18% in the past 24 hours to trade at $26,948.98. It is up 1.12% compared to last week.

Consequences of holding Rs. 2,000 notes post September 30 deadline

The Reserve Bank of India (RBI) has set a deadline of September 30, 2023, for depositing or exchanging Rs. 2,000 denomination banknotes at banks across the nation.

28 Sep 2023

Bengaluru

Bengaluru's tech corridor traffic congestion costs $15 billion annually

Traffic congestion in Bengaluru's tech corridor, which spans 17km between KR Puram and Central Silk Board, costs a whopping $15 billion per year.

28 Sep 2023

Stock Market

Zerodha CEO Nithin Kamath addresses valuation speculations, reveals growth projections

Zerodha co-founder and CEO Nithin Kamath took to Twitter today (September 28) to clear the air about the company's valuation.

28 Sep 2023

Karnataka

Karnataka nets Rs. 311cr in a day from property registrations

On Wednesday, the Karnataka Stamps and Registration Department reached an impressive milestone, registering over 26,058 documents and collecting a whopping Rs. 311 crore in revenue.

28 Sep 2023

India

India aims to issue 1L patents annually in 18 months

India aims to significantly boost its patent issuance capacity to 1 lakh per year within the next 18 months, said Sanjeev Sanyal, member of the Economic Advisory Council to the Prime Minister.