Business News
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04 Jan 2024
SpaceXSpaceX illegally fired workers critical of Elon Musk: US agency
The United States' National Labor Relations Board (NLRB) has accused SpaceX of illegally firing eight employees who shared a letter criticizing CEO Elon Musk as a "distraction and embarrassment."
04 Jan 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Solana, Dogecoin, Tether
Bitcoin has lost 4.46% in the last 24 hours and is currently trading at $43,174.27. It is down by 0.45% from last week.
03 Jan 2024
GujaratGujarat inks investment deals worth $86.07 billion with 58 companies
The Gujarat government has announced initial investment agreements totaling $86.07 billion with 58 companies.
03 Jan 2024
Reliance JioJio and BlackRock file for mutual fund license in India
Jio Financial Services Limited (JFSL) and BlackRock Financial Management, have applied to the Securities and Exchange Board of India (SEBI), for permission to start a mutual fund business here.
03 Jan 2024
Piyush GoyalIndia to become $4tn economy before 2024 elections: Piyush Goyal
While speaking at the inauguration of the Aatmanirbhar Bharat Utsav in New Delhi, Commerce Minister, Piyush Goyal on Wednesday announced that India will become a $4 trillion economy before the upcoming general elections.
03 Jan 2024
VietnamTesla-rival VinFast plans EV battery plant in India
Vietnamese electric vehicle (EV) manufacturer VinFast is planning to set up its first Indian manufacturing facility in Tamil Nadu, specifically in the city of Thoothukudi.
03 Jan 2024
Adani GroupGautam Adani becomes Adani Ports's Executive Chairman following management rejig
Adani Ports and SEZ, the maritime and logistics division of the Adani Group, has revealed a major shake-up in its top leadership.
03 Jan 2024
IndiaWho is Nikesh Arora, IIT-graduate who just became a billionaire
Nikesh Arora, the CEO of cybersecurity company Palo Alto Networks, has entered the billionaires' club after a hefty paycheck he received from the firm.
03 Jan 2024
Stock MarketSensex slips to 71,403 points, Nifty settles below 21,520 mark
On Wednesday, the benchmark Sensex and Nifty indices were on a downward trend.
03 Jan 2024
Adani GroupAdani Group stocks surge 3-18% following Supreme Court verdict
Adani Group stocks experienced a significant boost in intraday trade today.
03 Jan 2024
IndiaIndia's manufacturing PMI at 18-month low this December
India's manufacturing sector experienced growth in December, as the Purchasing Managers' Index (PMI) reached 54.9, although this was an 18-month low.
03 Jan 2024
Adani GroupAdani-Hindenburg case: SC gives clean chit to Adani, backs SEBI
In a huge victory for the Adani Group, the Supreme Court said the George Soros-led OCCRP's report cannot be used to challenge SEBI's investigation into the US-based short seller Hindenburg case.
03 Jan 2024
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Solana, BNB
Bitcoin has dropped 0.14% in the past 24 hours to trade at $45,201.08. Compared to last week, it is up by 6.90%.
03 Jan 2024
TeslaChina's BYD replaces Tesla as world's top EV maker
Tesla's Q4 electric vehicle deliveries reached a record 4,94,989, but fell behind Chinese auto giant BYD, which delivered 5,26,409 vehicles.
02 Jan 2024
Goldman SachsGoldman Sachs lowers India's CAD forecast to 1.3%: Here's why
Goldman Sachs has lowered India's current account deficit (CAD) forecast for 2024 to 1.3% of GDP, down from the previous 1.9%, due to reduced oil prices and higher-than-anticipated services exports.
02 Jan 2024
FinanceFPI investment in Indian debt instruments turns positive in 2023
In 2023, foreign portfolio investors (FPIs) poured Rs. 68,663 crore into Indian debt instruments, a significant turnaround after three years of outflows.
02 Jan 2024
RussiaIndia turns to Saudi amid lower Russian oil imports
In December, India saw a 4% increase in oil imports from Saudi Arabia, while oil purchases from Russia dropped to their lowest in 11 months due to payment issues, as reported by vessel tracking agencies.
02 Jan 2024
NiftyNifty Pharma hits all-time high: What's driving the rally
The Nifty Pharma index on Tuesday reached an all-time high, soaring to 17,251 points with a 3% increase.
02 Jan 2024
StartupsESOP cashouts in Indian start-ups fall 62% in 2023
In 2023, Indian start-ups experienced a significant drop in employee stock option (ESOP) cashout events, with only 16 occurrences compared to 42 the previous year, according to data from equity management platform Qapita.
02 Jan 2024
TataTata Pay gets payment aggregator license: Why it is significant
The Tata Group's digital payments app, Tata Payments, has been granted a payment aggregator (PA) license by the Reserve Bank of India (RBI), reports the Economic Times (ET).
02 Jan 2024
Stock MarketSensex slips to 71,786 points, Nifty settles below 21,670 mark
On Tuesday, the benchmark Sensex and Nifty indices witnessed a fall.
02 Jan 2024
Bank of India (BOI)BOI introduces special fixed deposit scheme for high-net-worth individuals
Bank of India, a government-owned bank, is ringing in the new year with the launch of its "Super Special Fixed Deposit" scheme.
02 Jan 2024
Binny BansalFlipkart co-founder Binny Bansal launches e-commerce start-up OppDoor
Flipkart co-founder Binny Bansal is back in the game with his new start-up, OppDoor, which aims to help e-commerce businesses expand globally.
02 Jan 2024
PhonePePhonePe-backed Indus Appstore's CEO Rakesh Deshmukh steps down: What's next
Rakesh Deshmukh, co-founder of the PhonePe-owned Indus Appstore, has stepped down as CEO after leading the company for a decade.
02 Jan 2024
Vodafone IdeaIs Vodafone Idea tying up with Elon Musk's Starlink?
Cash-strapped telecom operator Vodafone Idea has revealed it is not in talks with Elon Musk's satellite internet company, Starlink.
02 Jan 2024
FranceFrance, Germany to loan €100mn for India's urban infrastructure mission
France and Germany plan to provide a loan of €100 million (nearly Rs. 920 crore) to support India's urban infrastructure initiative, Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0.
02 Jan 2024
NiftyNifty50 can reach 24,000 in 2024: Jefferies
Jefferies, a global broking firm, forecasts that the Nifty50 index can soar to 24,000 by 2024, thanks to reasonable valuations in the Indian stock market despite a 20% increase last year.
02 Jan 2024
Tata Motors LtdTata Motors reaches all-time high driven by better sales data
Tata Motors's stock continues its upward trajectory with a 1.5% increase today, reaching a new all-time high of Rs. 804.
02 Jan 2024
CryptocurrencyBitcoin crosses $45,000 mark for first time since April 2022
Bitcoin has climbed 6.74% over the last 24 hours, trading at $45,215.11. It is 4.04% higher than the previous week.
02 Jan 2024
Life Insurance Corporation of IndiaLIC shares trade in red on Rs. 800cr GST notice
Shares of insurance giant Life Insurance Corporation of India (LIC) traded 1.5% lower at Rs. 851.30 in early trade on January 2 after the company was slapped a Rs. 806-crore GST notice.
01 Jan 2024
IndiaIndia's mineral production index rises by 13.1% in October 2023
India's mineral production index saw a notable 13.1% increase in October 2023, compared to the same month last year, according to the Union Ministry of Mines.
01 Jan 2024
Income Tax ReturnITRs filed in 2023-24 increase by 9% to record 8.18cr
India experienced a significant 9% increase in income tax returns filed, with a record 8.18 crore submissions by December 31, 2023, compared to 7.51 crore during the same period in 2022.
01 Jan 2024
Reserve Bank Of India (RBI)Over 97% of Rs. 2,000 banknotes returned to system: RBI
The Reserve Bank of India (RBI) has revealed that 97.38% of the Rs. 2,000 currency notes in circulation have been returned to the banking system.
01 Jan 2024
IndiaIndia's power consumption falls 2.3% to 119bn units in December
In December, India saw a 2.3% decrease in power consumption, dropping to 119.07 billion units (BU).
01 Jan 2024
IndiaIndia's crude oil imports from Russia drop sharply in December
India's crude oil imports from its largest supplier, Russia, declined sharply in December.
01 Jan 2024
MeitYMeitY considers taking over approval process for online games
The Indian government's plan to appoint self-regulatory bodies (SRBs) for the online gaming industry has hit a roadblock.
01 Jan 2024
GSTDecember GST collections climb 10% YoY to Rs. 1.65L crore
The Union Ministry of Finance has revealed that the Centre's Goods and Services Tax (GST) collections for December 2023, reached Rs. 1.65 lakh crore.
01 Jan 2024
Air IndiaAir India opens bookings for India's first Airbus A350
Air India on Monday opened bookings for its new and India's first-of-its-kind Airbus A350, which is set to commence commercial service on January 22, 2024.
01 Jan 2024
ZomatoZomato raises platform fee for food delivery orders
Starting January 1, 2024, Zomato has raised its platform fee for food delivery orders from Rs. 3 to Rs. 4 per order in major markets.
01 Jan 2024
Stock MarketSensex closes at 72,271 points, Nifty settles above 21,740 mark
The stock market on Monday ended on a positive note as the Sensex settled at 72,271.94 points and the Nifty stood at 21,741.9 points.
