Business News
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28 Dec 2023
Steve BallmerEx-Microsoft CEO Steve Ballmer to earn $1bn annually doing nothing
Steve Ballmer, former Microsoft CEO and currently the world's sixth richest person, is on track to receive almost $1 billion (Rs. 8,323 crore) in dividends from the tech behemoth in 2024.
28 Dec 2023
AppleApple can sell its latest smartwatch models in US again
Apple's latest smartwatches, Series 9 and Ultra 2, are back on the market in the US after the tech giant filed an emergency appeal.
28 Dec 2023
Initial Public Offering (IPO)Sachin Tendulkar-backed Azad Engineering's shares list at 37% premium
Azad Engineering's shares made a strong debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today.
28 Dec 2023
MicrosoftNew York Times sues Microsoft and OpenAI over copyright infringement
The New York Times (NYT) is suing Microsoft and OpenAI, the maker of ChatGPT, for copyright infringement and misusing the newspaper's intellectual property.
28 Dec 2023
Stock MarketCash market turnover crosses Rs. 1 lakh crore in December
In a historic achievement, India's cash market segment for equities reached an average daily turnover (ADTV) of over Rs. 1 lakh crore in December.
28 Dec 2023
CryptocurrencyCryptocurrency prices: Here are rates of Bitcoin, Ethereum, BNB, XRP
Bitcoin has climbed 2.76% over the last 24 hours, trading at $43,494.20. It is 0.34% lower than the previous week.
28 Dec 2023
AppleIndian government pressured Apple to soften iPhone hack warnings: Report
After Apple's warnings in October about potential hacking attempts by 'state-sponsored attackers' on iPhones, the Indian government urged the company to soften its message, the Washington Post reported.
27 Dec 2023
Reserve Bank Of India (RBI)Indian banks' asset quality improves to decade's best in September
India's banking sector's asset quality continued to improve in the second quarter of the current financial year, easing to a fresh decadal low.
27 Dec 2023
IndiaWhy rice prices are at a 15-year high
Rice prices have reached a fresh 15-year high, fueled by strong demand and ongoing supply concerns.
27 Dec 2023
Stock MarketSensex crosses 72,000 levels, Nifty breaches 21,650 mark
On Wednesday, the benchmark Sensex and Nifty indices saw gains. While the Sensex rose 0.97% to 72,038.43 points, the Nifty jumped 0.99% to 21,654.75 points.
27 Dec 2023
WiproWipro sues former CFO Jatin Dalal
Wipro, a leading Indian software services company, has taken legal action against its former CFO, Jatin Dalal, in a Bengaluru civil court.
27 Dec 2023
E-commerceIPO-bound FirstCry's loss jumps 515% to Rs. 486cr in FY23
FirstCry, a leading e-commerce platform for baby products, has seen a 135% increase in revenue from operations, reaching Rs. 5,633 crore in FY23, up from Rs. 2,401 crore in FY22.
27 Dec 2023
Stock MarketNifty50 crosses 21,600 for first time: What's fueling rally
India's stock market has been on a roll, with the Sensex and Nifty50 indices experiencing a steady rise over the past four trading sessions.
27 Dec 2023
Stock MarketWith 25% gains this year, India outperforms top 10 markets
India's market capitalization has seen a significant 24.8% increase in 2023, reaching $4.16 trillion and maintaining its fifth position globally.
27 Dec 2023
State Bank of India (SBI)SBI hikes FD rates from today: Check tenure-wise interest earnings
Starting today, the State Bank of India (SBI) has hiked its fixed deposit (FD) interest rates for deposits below Rs. 2 crore.
27 Dec 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, BNB, Solana
Bitcoin has dropped 2.71% in the past 24 hours to trade at $42,287.64. Compared to last week, it is 0.93% down.
26 Dec 2023
Reserve Bank Of India (RBI)India's current account deficit narrows to $8.3bn in Q2
India's current account deficit (CAD) experienced a sharp drop to 1% of the nation's gross domestic product (GDP), or $8.3 billion, during the second quarter (July-September) of the 2023-24 fiscal year.
26 Dec 2023
Adani GroupAdani Green Energy to receive Rs. 9,350cr investment from promoters
Adani Green Energy has announced that its promoters will inject Rs. 9,350 crore into the company through preferential issuance of warrants priced at Rs. 1,480.75 each.
26 Dec 2023
Reserve Bank Of India (RBI)RBI and other banks in Mumbai receive bomb threats
The Mumbai Police said on Tuesday that the Reserve Bank of India (RBI) office in Mumbai, along with HDFC Bank and ICICI Bank branches, received a bomb threat via email.
26 Dec 2023
Initial Public Offering (IPO)Happy Forgings IPO: Latest GMP hints at stellar listing tomorrow
Happy Forgings Limited is set to make a strong debut on the stock exchanges on December 27.
26 Dec 2023
Mutual FundsIndia's mutual fund inflows surge 125% in 2023: ICRA Analytics
Mutual Funds registered a 125% increase in net inflows throughout 2023, as per ICRA Analytics.
26 Dec 2023
Stock MarketSensex gains 230 points, Nifty settles above 21,440 mark
On Tuesday, the benchmark Sensex and Nifty indices saw gains. While the Sensex rose 0.32% to 71336.80 points, the Nifty jumped 0.43% to 21,441.30 points.
26 Dec 2023
BharatPeBharatPe's revenue jumps 182% YoY to Rs. 904cr in FY23
Fintech unicorn BharatPe has reported a whopping 182% year-on-year (YoY) increase in revenue from operations, reaching Rs. 904 crore in FY23, up from Rs. 321 crore in FY22.
26 Dec 2023
IndiaRenewable energy investments in India to surge 83% in 2024
India plans to invest a lot more in clean energy, about 83% more by 2024, which is around $16.5 billion, according to estimates by the Ministry of Power.
26 Dec 2023
Indian GovernmentIndian government readying new PLI scheme for steel sector
In an interview with PTI, Minister of State for Steel, Faggan Singh Kulaste, confirmed that the Indian government is actively working on the Production Linked Incentive (PLI) scheme 2.0 for the steel sector in 2024.
26 Dec 2023
Elon MuskMusk's X to face court battle for withholding employee bonuses
A United States (US) federal judge has ruled that billionaire Elon Musk's X, formerly known as Twitter, must face a lawsuit filed by employees who claim they were not paid promised bonuses.
26 Dec 2023
Initial Public Offering (IPO)Motisons Jewellers makes blockbuster debut, shares list at 98% premium
Motisons Jewellers, a family-owned jewelry retail company based in Jaipur, made a blockbuster entry in the stock market on December 26.
26 Dec 2023
Electric VehiclesGovernment plans to extend FAME II scheme to FY25
The Indian government is considering extending the second phase of the FAME (Faster Adoption and Manufacturing Electric Vehicles) scheme into the next fiscal year.
26 Dec 2023
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has climbed 0.77% in the past 24 hours to trade at $43,459.70. Compared to last week, it is 1.27% up.
26 Dec 2023
IndiaIndian economy is likely to grow by 6.7% in FY24
India's economy is predicted to grow by 6.7% in FY24, according to a median forecast of 11 economists, as reported by the Economic Times.
25 Dec 2023
ZomatoBiryani is most-ordered dish on Zomato in 2023
Zomato has released its yearly report on ordering patterns, disclosing the top three dishes that were most frequently ordered.
25 Dec 2023
Reliance IndustriesDisney-Reliance merger to be finalized by February
Reliance Industries, India's top-valued company, is joining forces with Walt Disney to merge their Indian media operations.
25 Dec 2023
SoftBank Vision FundSoftBank trims stake in IPO-bound FirstCry
SoftBank Vision Fund, a major shareholder in omnichannel retailer FirstCry, has sold more of its shares in the Pune-headquartered company.
25 Dec 2023
PaytmPaytm lays off over 1,000 employees as AI replaces humans
Paytm has laid off over 1,000 employees from its operations, sales, and engineering departments as a result of adopting AI automation.
25 Dec 2023
ChinaChina relaxes grip on online gaming after $80bn market drop
China has approved 105 domestic video games, including titles from major companies such as Tencent and NetEase, reports Bloomberg.
25 Dec 2023
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, BNB
Bitcoin has lost 1.65% in the last 24 hours, trading at $43,143.83. It is 4.96% up compared to last week.
24 Dec 2023
Initial Public Offering (IPO)Motisons Jewellers IPO poised to yield substantial listing gains
Following a successful IPO subscription, Motisons Jewellers's Grey Market Premium (GMP) maintains stability at Rs. 78-80.
24 Dec 2023
Stock MarketKey risks to watch on Dalal Street next week
As 2023 draws to a close, Indian markets face challenges such as low trading volumes, a potential increase in COVID-19 cases, and growing uncertainty in the Red Sea.
24 Dec 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Tether, Solana
Bitcoin has climbed 0.70% in the past 24 hours to trade at $43,809.14. Compared to last week, it is up by 4.33%.
23 Dec 2023
Stock MarketFPIs pump over Rs. 57,000cr into Indian equities in December
In December, foreign portfolio investors (FPIs) made a significant turnaround, becoming net buyers in India's stock market after a selling streak in November.
