Business News
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13 Oct 2023
IndiaBig 4 accounting firms achieve $4 billion revenue in India
The Big 4 accounting firms, Deloitte, Ernst & Young (EY), KPMG, and PwC, have hit a whopping $4 billion in annual revenue from their local operations in India, as reported by The Economic Times.
13 Oct 2023
ChinaChina's international trade fell 6.2% in September
China's exports and imports took a hit in September, both dropping 6.2% compared to last year.
13 Oct 2023
Go FirstWadia Group steers clear of bidding for grounded Go First
The Wadia Group, previous owners of Go First, seems to have no plans to bid for the grounded Indian airline, steering clear of the insolvency process so far.
13 Oct 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Dogecoin, Solana, BNB
Bitcoin has lost 0.14% in the last 24 hours and is trading at $26,788.09. It is down by 2.58% compared to last week.
13 Oct 2023
ZomatoZomato's food festival 'Zomaland' kicks off on November 4
Zomato's popular food and entertainment carnival, Zomaland, is gearing up for its fourth season, expanding to eight cities starting in November.
12 Oct 2023
Reserve Bank Of India (RBI)RBI slaps Rs. 5.39cr penalty on Paytm Payments Bank
The Reserve Bank of India (RBI) slapped a hefty penalty of Rs. 5.39 crore on Paytm Payments Bank for not adhering to Know Your Customer (KYC) regulations.
12 Oct 2023
IndiaRetail inflation in India drops to 5.02% in September
India's retail inflation, as measured by the Consumer Price Index (CPI), has dropped to 5.02% in September, according to data shared by the National Statistics Office (NSO).
12 Oct 2023
SamsungSamsung retains world's best employer title for fourth consecutive year
Forbes, in partnership with market research firm Statista, has unveiled its 2023 edition of the "World's Best Employers" list.
12 Oct 2023
InfosysInfosys headcount declines for third consecutive quarter to 3.29 lakh
IT services giant Infosys, has seen its headcount drop for the third quarter (ending September 30) in a row, with a decrease of 7,530 employees in Q2.
12 Oct 2023
InfosysInfosys Q2 net profit rises over 3% to Rs. 6,212cr
Infosys announced its Q2 financial results on Thursday, showing a 3.17% year-on-year (YoY) increase in net profit to Rs. 6,212 crore, up from Rs. 6,021 crore in the same quarter previous year.
12 Oct 2023
Enforcement Directorate (ED)ED is investigating Vivo for visa violations and money laundering
Enforcement Directorate (ED) has accused some Chinese employees of smartphone maker Vivo of hiding their employment status while applying for visas and violating rules by visiting "sensitive" areas like Jammu and Kashmir.
12 Oct 2023
Stock MarketSensex closes over 66,400 points, Nifty settles above 19,790
On Thursday, major indices of the stock market ended flat with the Sensex settling 0.10% down at 66,408.39 points and the Nifty closing at 19,794 points, 0.09% lower than yesterday.
12 Oct 2023
Reserve Bank Of India (RBI)RBI launches wholesale CBDC pilot in call money market
The Reserve Bank of India (RBI) has begun testing its central bank digital currency (CBDC) in the call money market, according to Moneycontrol.
12 Oct 2023
ICICI BankICICI Bank's 'iFinance' provides unified view of savings, current accounts
ICICI Bank has introduced 'iFinance,' a digital service aimed at providing retail customers and sole proprietors with a unified view of their savings and current accounts in one place.
12 Oct 2023
MicrosoftMicrosoft owes $29bn in back taxes, says US tax body
The Internal Revenue Service (IRS) in the US has revealed that Microsoft owes a whopping $28.9 billion in back taxes, penalties, and interest for the tax years between 2004 and 2013.
12 Oct 2023
Air IndiaAir India announces special sale on select European routes
Air India has announced a special sale for travelers flying from India to five European cities.
12 Oct 2023
Stock MarketGroww dethrones Zerodha as India's top brokerage in active investors
Groww has surpassed Zerodha as India's top brokerage in terms of active investors.
12 Oct 2023
Adani GroupAdani Ports receives dollar bond buyback offers worth $213 million
Adani Ports and SEZ has shared that it got offers worth nearly $213 million for its dollar bond buyback program.
12 Oct 2023
Tata Consultancy Services (TCS)TCS upskills over 100,000 employees in generative AI
Tata Consultancy Services (TCS) has trained over one lakh employees in generative artificial intelligence (AI), aiming to capitalize on this emerging technology.
12 Oct 2023
IndiaAccenture India to skip pay hikes and reduce promotions, bonuses
Accenture has made the tough call to hold off on pay raises for its employees in India and Sri Lanka in 2023, according to an email to employees from Managing Director Ajay Vij, as reported by Moneycontrol.
12 Oct 2023
Mukesh AmbaniAmbani, with $92bn net worth, tops Forbes' India rich list
Mukesh Ambani, the Chairperson of Reliance Industries, has snagged the title of India's richest person, according to Forbes' 2023 list of India's 100 richest.
12 Oct 2023
FordUAW auto strike hits Ford's biggest and most profitable plant
The UAW expanded its strike against the Big Three automakers, with 8,700 more workers participating.
12 Oct 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, BNB, XRP
Bitcoin has lost 1.17% in the last 24 hours, trading at $26,785.63. It is 3.30% down compared to last week.
11 Oct 2023
StartupsDunzo's troubles mount as another top executive departs
Sudarshan N, Dunzo's Head of Finance, has stepped down from his position amid the hyperlocal delivery start-up's ongoing fundraising and cashflow management efforts.
11 Oct 2023
Tata Consultancy Services (TCS)TCS Q2 results: IT giant posts profit of Rs. 11,342cr
Tata Consultancy Services (TCS), India's leading IT services company, has announced a net profit of Rs. 11,342 crore for the September quarter of this fiscal year.
11 Oct 2023
Tata Consultancy Services (TCS)TCS announces Rs. 17,000 crore share buyback at 15% premium
Tata Consultancy Services (TCS) has announced a share buyback plan worth Rs. 17,000 crore, at a price of Rs. 4,150 per stock.
11 Oct 2023
United States of AmericaExxon Mobil buys Pioneer Natural Resources for $60 billion
Exxon Mobil has agreed to acquire Pioneer Natural Resources in a massive all-stock deal worth $59.5 billion, solidifying its position as the leading producer in America's largest oilfield.
11 Oct 2023
Mutual FundsSIP inflows cross Rs. 16,000 crore mark for first time
Systematic Investment Plans (SIPs) received a record-breaking inflow of Rs. 16,402 crore in September. This surpassed the previous record of Rs. 15,814 crore set in August.
11 Oct 2023
StartupsZerodha's Nikhil Kamath launches 'WTF Fund' for Gen Z entrepreneurs
Nikhil Kamath, co-founder of Zerodha, True Beacon, and Gruhas, has launched the "WTF Fund" to back young entrepreneurs under 22 years old in the fashion, beauty, and home industries.
11 Oct 2023
IndiaIndia to impose restrictions on sugar exports: Here's why
India, the world's second-largest sugar producer, may soon impose restrictions on exports due to dry weather affecting cane crops.
11 Oct 2023
JP MorganJPMorgan Chase conducts its first blockchain collateral settlement for clients
JPMorgan Chase & Co, a leading global bank, has achieved a major milestone by utilizing its newly launched Tokenized Collateral Network (TCN) to successfully conduct its first commercial application.
11 Oct 2023
Stock MarketSensex climbs over 390 points, Nifty settles above 19,800 mark
On Wednesday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.
11 Oct 2023
Adani GroupSEBI is investigating Adani Group's ties with Gulf Asia fund
India's market watchdog, the Securities and Exchange Board of India (SEBI), is looking into the connection between Adani Group and Gulf Asia Trade & Investment.
11 Oct 2023
CryptocurrencyBankman-Fried started $2bn venture fund using Alameda money, reveals ex-girlfriend
Sam Bankman-Fried, ex-CEO of FTX, is facing allegations of using loans from third-party lenders like Genesis Global Capital to finance his $2 billion venture fund, FTX Ventures.
11 Oct 2023
IndiaCLSA makes a U-turn, upgrades India to 'overweight'
Global brokerage firm CLSA has given India an "overweight" status upgrade, bumping up its India portfolio allocation to 20% above the MSCI benchmark from a previous 40% "underweight" position.
11 Oct 2023
Axis Bank LtdIndia's first numberless credit card is here: How it works
Axis Bank, one of India's leading private sector banks, has teamed up with fintech firm Fibe (formerly known as EarlySalary) to introduce the nation's first-ever numberless credit card.
11 Oct 2023
BYJU'SBYJU'S lenders hire Kroll to safeguard assets of Great Learning
Kroll, a risk advisory firm, has been hired by BYJU'S lenders to protect the charged assets (assets used as collateral to secure loans) of Great Learning and BYJU'S Singapore branch.
11 Oct 2023
Initial Public Offering (IPO)'World's oldest start-up' prices IPO at $46 per share
Birkenstock Holding, touted as the world's oldest start-up, has set its US initial public offering (IPO) price at $46 per share, landing right in the middle of the projected range of $44-49.
11 Oct 2023
Walt DisneyBlackstone in talks for stake in Disney's Indian business
Blackstone, a private equity firm, is said to be in early talks with Walt Disney about acquiring a stake in the entertainment giant's Indian division.
11 Oct 2023
Securities and Exchange Board of IndiaMCX will launch new derivatives platform on October 16
The Multi Commodity Exchange of India (MCX) announced on Wednesday that its brand-new commodity derivatives platform (CDP) will launch on October 16, 2023.
