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Zomato and Swiggy receive GST notices totaling Rs. 750 crore
The Directorate General of GST Intelligence (DGGI) has slapped food delivery giants Zomato and Swiggy with Goods and Services Tax (GST) demand notices, amounting to Rs. 400 crore and Rs. 350 crore, respectively.
DGCA fines Air India for non-compliance with CAR regulations
The Directorate General of Civil Aviation (DGCA) has slapped Air India with a Rs. 10 lakh fine.
Most digital advertisements between April-September 2023 flouted guidelines, says ASCI
The Advertising Standards Council of India (ASCI) has disclosed that most celebrities and influencers are not adhering to the disclosure norms for influencer advertising in digital media.
Bharti Airtel initiates IPO process for subsidiary Bharti Hexacom
Bharti Airtel is gearing up to take its subsidiary, Bharti Hexacom, public through an initial public offering (IPO), per CNBC-TV18.
Semiconductor foray adds $3bn to Murugappa Group's market value
Murugappa Group added $3 billion (approximately Rs. 25,000 crore) in market value on Wednesday after one of the conglomerate's units announced its intentions to enter the semiconductor assembly industry, reported Bloomberg.
Mamaearth Q2 profit jumps 93% YoY to Rs. 29cr
Mamaearth's parent Honasa Consumer registered a 93% YoY growth in net profit in Q2 FY24, reaching Rs. 29.4 crore from Rs. 15.2 crore in the same period last year.
Sensex closes at 66,023.24 points, Nifty settles above 19,810 mark
The stock market closed on a flat note on Wednesday.
Meet the newcomers on OpenAI's board
OpenAI has announced that Sam Altman will be returning as CEO, after a brief removal from the position.
Tata Technologies IPO fully subscribed within an hour of opening
The much-awaited initial public offering (IPO) of Tata Technologies saw an impressive response on the first day of bidding on Wednesday.
Indian bonds set for highest foreign inflows in 6 years
Foreign investments in Indian bonds are skyrocketing, with the highest levels seen since 2017 as investors buy local debt in anticipation of India's inclusion in global indexes.
Dr. Reddy's, Glenmark, Zydus recall tainted medicines in the US
The US Food and Drug Administration (USFDA) has announced that Dr. Reddy's Laboratories, Zydus, and Glenmark Pharma are recalling products in the US due to manufacturing issues.
Who is Richard Teng, the newly appointed CEO of Binance
Binance, the world's largest cryptocurrency exchange, has named Singaporean businessman and former regulator Richard Teng as its new CEO.
Sam Altman returns as OpenAI CEO along with new board
Sam Altman is back as OpenAI's CEO after a whirlwind five days of talks following his unexpected firing last week.
Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, BNB, XRP
Bitcoin has slipped 2.59% in the past 24 hours to trade at $36,413. It is 2.32% higher than the week before.
Sam Altman reappointed as CEO of OpenAI
Just days after being fired from OpenAI, former CEO Sam Altman has returned to the company as its top boss.
Sony set to face $7.9bn lawsuit over PlayStation Store prices
Sony is facing a massive lawsuit worth up to £6.3 billion ($7.9 billion).
Crypto kingpin pleads guilty: The case against Binance founder
Binance's founder and CEO, Changpeng Zhao, has admitted to violating US anti-money laundering regulations as part of a $4.3 billion settlement (Rs. 35,825 crore).
TCS to record $125 million lawsuit expense in Q3 results
The US Supreme Court has dismissed an appeal from Tata Consultancy Services (TCS) regarding a $140 million fine in connection with a trade secret lawsuit filed by American company Epic Systems.
Reliance to invest Rs. 20,000cr in Bengal over 3 years
Mukesh Ambani, the chairman and managing director of Reliance Industries Limited (RIL), on Tuesday announced the company's intention to invest an additional Rs. 20,000 crore in West Bengal over the next three years.
Upcoming wedding season may generate Rs. 4.74 lakh crore business
The Confederation of All India Traders (CAIT) anticipates a bustling wedding season in India, with an estimated Rs. 4.74 lakh crore in mainline retail revenue.
China's state banks swapping and selling USD for Yuan
Major Chinese state-owned banks have been trading Yuan for US Dollars (USD) in the onshore swap market and selling those Dollars in spot currency markets this week, as per Reuters.
India's Q2 GDP likely grew 7%, exceeding MPC's 6.5% forecast
India's economy likely grew 7% in the second quarter (Q2) of the ongoing financial year, research firm ICRA noted on Tuesday.
India may face recession risks in 2024, warns Finance Ministry
The Ministry of Finance's latest monthly review warns of a potential recession in 2024 due to uncertainties surrounding rising food and energy costs amid geopolitical tensions.
Sensex gains 275 points, Nifty settles above 19,780 mark
On Tuesday, the benchmark Sensex and Nifty indices saw gains.
IRCTC jumps nearly 3% as Railway Board approves long-term tenders
Shares of the Indian Railway Catering and Tourism Corporation (IRCTC) saw a 2.72% jump during Tuesday's trading session, reaching Rs. 720.30 each on BSE.
Jindal Power will not bid to take over Go First
Jindal Power will not present a final bid for the financially struggling airline, Go First, despite having previously submitted an Expression of Interest (EoI).
Titan to hire over 3,000 employees in next 5 years
Leading lifestyle brand Titan Company has unveiled its plans to hire over 3,000 employees in the next five years.
ED uncovers Rs. 9,000cr FEMA violation at BYJU'S, issues notice
The Enforcement Directorate (ED) has issued a show-cause notice to BYJU'S, accusing the company of violating the Foreign Exchange Management Act (FEMA) to the tune of Rs. 9,000 crore.
Why Sam Altman was fired from OpenAI
OpenAI, the maker of ChatGPT, recently ousted its CEO, Sam Altman, after a "deliberative review process" conducted by the board.
Investing in PPF? Know government's new rule changes, interest rates
The Indian government has made it easier for individuals to participate in various small savings programs, such as the Public Provident Fund (PPF) and Senior Citizen's Savings Scheme (SCSS).
Today's cryptocurrency prices: Check rates of Bitcoin, Ethereum, BNB, Tether
Bitcoin has gained 0.44% in the past 24 hours to trade at $37,381.49. It is 2.33% up compared to last week.
Satya Nadella open to Sam Altman returning to OpenAI
In a recent CNBC interview, Microsoft CEO Satya Nadella hinted that he was still open to Sam Altman rejoining OpenAI, despite an announcement earlier that Altman would join Microsoft's artificial intelligence innovation division.
OpenAI pursues merger with Google-backed Anthropic as Altman joins Microsoft
OpenAI's Board of Directors reached out to Dario Amodei, co-founder and CEO of Anthropic, a competing large-language model developer, to discuss a possible merger between the two companies, according to The Information.
Nearly 500 OpenAI employees threaten to quit unless board resigns
A revolt erupted within OpenAI on Monday, as 490 employees demanded the resignation of the board.
Xiaomi's Q3 net income rises 180% YoY on cost-cutting measures
Xiaomi on Monday announced a whopping 183% year-on-year (YoY) surge in its third-quarter net income, reaching 6 billion yuan (Rs. 7,140 crore) to exceed expectations.
ED files prosecution complaint under PMLA against Amway India
The Enforcement Directorate (ED) has filed a prosecution complaint against direct-selling company Amway India under the Prevention of Money Laundering Act, 2002 (PMLA).
SEBI launches IRRA platform to lower risks for investors
On Monday, SEBI Chairperson Madhabi Puri Buch unveiled the Investor Risk Reduction Access (IRRA) platform at the Bombay Stock Exchange (BSE).
Jio Financial Services aims to raise Rs. 10,000cr via bonds
Jio Financial Services (JFS), a subsidiary of Reliance Industries Ltd (RIL), is planning its first bond issuance, with the goal of raising between Rs. 5,000 crore and Rs. 10,000 crore.
IREDA IPO opens November 21: All you need to know
Indian Renewable Energy Development Agency (IREDA) is preparing to launch an initial public offering (IPO) valued at Rs. 2,150 crore on November 21.
GDP growth could dip amid uncertainties surrounding upcoming elections
Goldman Sachs predicts a slight decrease in India's real GDP growth to 6.3% in 2024, down from the 6.4% forecasted for 2023.