Business News
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08 Jan 2024
SensexWhy Nifty50, Sensex fell nearly 1% today
On January 8, the Indian stock market experienced significant losses, with investors losing nearly Rs. 3 lakh crore in market capitalization.
08 Jan 2024
FlipkartFlipkart plans to fire nearly 1,500 employees
Flipkart, the e-commerce giant owned by Walmart, is reportedly set to reduce its workforce by 5% to 7%.
08 Jan 2024
SonySony plans to call off merger with Zee: Here's why
Sony Group Corp. is considering calling off its India unit's merger with Zee Entertainment Enterprises Ltd., as per Bloomberg.
08 Jan 2024
Stock MarketSensex plummets 671 points today, Nifty settles near 21,500 mark
On Monday, the benchmark Sensex and Nifty indices witnessed a slump.
08 Jan 2024
Mutual FundsMutual fund AUM reaches new high of Rs. 50 trillion
The Indian mutual fund industry achieved a major milestone in December, as assets under management (AUM) exceeded Rs. 50 trillion, fueled by steady inflows and a robust equity market.
08 Jan 2024
Elon Musk'Not even trace quantities': Elon Musk denies drug use allegations
Elon Musk, the CEO of SpaceX and Tesla, has refuted claims of using illegal drugs like LSD, cocaine, ecstasy, and ketamine.
08 Jan 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has shed 1.03% over the last 24 hours, trading at $43,586.11. It is 2.96% higher than the previous week.
08 Jan 2024
BoeingBoeing CEO calls all-hands safety meeting after Alaska Airlines incident
Boeing CEO David Calhoun has scheduled a company-wide meeting on Tuesday to discuss the recent Alaska Airlines incident, in which a part of a Boeing 737-9 MAX's fuselage blew out during ascent.
07 Jan 2024
Elon MuskMusk was probably 'under influence' when tweeting about Tesla's privatization
In August 2018, Elon Musk shocked Tesla shareholders when he tweeted about "considering" taking the company private.
07 Jan 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Tether, BNB, Solana
Bitcoin has surged by 0.17% in the past 24 hours to trade at $44,026.48. It is 4.25% up compared to last week.
06 Jan 2024
NetflixNetflix might consider ads, in-app purchases for games
Netflix is looking into ways to make money from its gaming offerings, as the current economic climate takes a toll on the company's finances, according to The Wall Street Journal.
06 Jan 2024
MicrosoftMicrosoft's Dee Templeton assumes non-voting observer position on OpenAI board
Dee Templeton, a veteran executive at Microsoft, has taken on the role of a non-voting observer on OpenAI's board, per Bloomberg.
06 Jan 2024
ZomatoZomato exits 10 international markets in less than year
Zomato has announced that it is dissolving its subsidiaries in Vietnam and Poland.
06 Jan 2024
AppleWhy US justice department is considering antitrust suit against Apple
The United States (US) Department of Justice might soon file an antitrust case against Apple.
06 Jan 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Dogecoin, BNB, Tether
Bitcoin has surged 0.62% in the past 24 hours to trade at $43,891.9. It is up by 4.47% compared to last week.
05 Jan 2024
IndiaIndia's forex reserves experience $2.75 billion surge to $623.2 billion
India's foreign exchange reserves have seen a substantial boost of $2.759 billion, reaching a total of $623.2 billion for the week ending December 29.
05 Jan 2024
IndiaGovernment estimates India's GDP growth at 7.3% for FY24
India is predicted to see a 7.3% growth in its gross domestic product (GDP) for the fiscal year 2023-24, as reported by the Ministry of Statistics and Programme Implementation today.
05 Jan 2024
VolvoVolvo says car sales jumped 15% in 2023
Volvo has revealed that it sold a whopping 708,716 vehicles in 2023, a 15% increase from the year before.
05 Jan 2024
Competition Commission of IndiaDHL, FedEx, UPS under Indian probe for controlling prices together
The Competition Commission of India (CCI) is investigating several delivery companies, including Germany's DHL, US-based United Parcel Service (UPS), and FedEx, for alleged collusion on discounts and tariffs.
05 Jan 2024
IndiaCentre is considering subsidizing exporters amid Red Sea crisis
India is exploring various strategies to aid exporters in tiding over the Red Sea crisis, as per Moneycontrol.
05 Jan 2024
Stock MarketSensex gains 178 points, Nifty settles at 21,710 mark
On Friday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.
05 Jan 2024
MobikwikMobiKwik files DRHP with SEBI for Rs. 700 crore IPO
MobiKwik has submitted draft papers to the Securities and Exchange Board of India (SEBI), with plans to raise Rs. 700 crore through an initial public offering (IPO).
05 Jan 2024
AudiAudi India reports 89% sales growth in 2023
Audi reported an 89% YoY growth in retail sales in India.
05 Jan 2024
Narayan MurthyNarayana Murthy opens up about his 'big regret' regarding wife
Infosys co-founder Narayana Murthy recently expressed regret for not involving his family members, especially wife Sudha Murty, in the company.
05 Jan 2024
IndiaServices sector growth jumps to three-month high in December
India's services sector experienced a notable recovery in December 2023, as the services Purchasing Managers' Index (PMI) reached a three-month high of 59.0, up from November's one-year low of 56.9.
05 Jan 2024
Gautam AdaniGautam Adani once again becomes India's richest person
Gautam Adani, the Chairperson of the Adani Group, has surpassed Mukesh Ambani, the Chairperson of Reliance Industries, to reclaim the title of India's richest person.
05 Jan 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, BNB
Bitcoin has climbed 1.02% over the last 24 hours to trade at $43,629.90. It is 2.33% higher than the previous week.
05 Jan 2024
United Nations (UN)India, world's fastest-growing economy, to grow at 6.2%: UN
India's economy is on track for a 6.2% growth in 2024, as per the United Nations World Economic Situation and Prospects (WESP) 2024 report.
05 Jan 2024
IndiaAmerican Tower to sell India operations to Brookfield for $2.5bn
US-based telecom tower major American Tower Corporation (ATC) has decided to sell its loss-making Indian branch, ATC India, reports Bloomberg.
04 Jan 2024
Finance'Rich Dad, Poor Dad' author admits to $1.2 billion debt
The author of Rich Dad, Poor Dad, Robert Kiyosaki recently shared that he has accumulated $1.2 billion in debt.
04 Jan 2024
IndiaCentre's plan to revive gas power plants put on hold
India's plan to revive gas-based power plants has been put on hold by the Ministry of Power due to high power tariffs.
04 Jan 2024
GujaratGujarat in talks with global chipmakers for investments: Chief Minister
Gujarat's Chief Minister Bhupendra Patel told Reuters on Thursday that the state government is in talks with semiconductor firms from Japan, South Korea, and the United States to bring investment to the region.
04 Jan 2024
FintechIndia's fintech funding declines 63% in 2023: Here's why
The Indian fintech industry saw a significant decrease in funding in 2023, with a 63% drop compared to the previous year.
04 Jan 2024
Reserve Bank Of India (RBI)E-Rupee transactions surpass 10 lakh per day milestone in December
In a significant milestone, Indian banks distributed employee benefits via digital rupee in December, enabling the Reserve Bank of India (RBI) to reach its goal of 10 lakh daily transactions by 2023's end, per Reuters.
04 Jan 2024
Reliance IndustriesReliance, Disney begin antitrust due diligence for merger
Business tycoon Mukesh Ambani's Reliance Industries and Walt Disney are making headway in their proposed merger to create an entertainment powerhouse in India.
04 Jan 2024
IndiGoIndiGo withdraws fuel charge on flight tickets: What's next
IndiGo, India's leading airline, has revealed that it has eliminated the fuel charge from its ticket prices starting today (January 4).
04 Jan 2024
Stock MarketSensex, Nifty close in green to end 2-day losing streak
On Thursday, the benchmark Sensex and Nifty indices showed an upward trend. The Sensex rose 0.69% to 71,847.57 points while the Nifty gained 0.66% to end at 21,658.60 points.
04 Jan 2024
NiftyHere's why Nifty Realty surged over 6% today
The Nifty Realty index hit a new 52-week high, soaring nearly 6% to 835.35 on January 4, with all 10 components seeing gains.
04 Jan 2024
TechnologyXerox to fire over 3,000 employees
Digital printing and document management giant Xerox has revealed plans to cut its workforce by 15% as part of a strategic move to implement a new organizational structure and operating model.
04 Jan 2024
CryptocurrencyCEO of defunct crypto fund HyperVerse does not exist
For years, people on social media have been speculating whether Steven Reece Lewis, the CEO of the now defunct cryptocurrency hedge fund Hyperverse, is even real or not.
