Business News
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Reddit plans IPO in March, to sell 10% stocks
Reddit, a popular social media platform, is preparing for its initial public offering (IPO) in March this year.
IndusInd Bank's Q3 net profit jumps 17% to Rs. 2,300cr
IndusInd Bank reported a net profit of Rs. 2,301 crore for the October-December quarter of FY 2023-24.
Haldiram's wants to acquire majority stake in Prataap Snacks
Haldiram's, a leading Indian snack manufacturer, is in preliminary talks to acquire a majority stake in competitor Prataap Snacks, a company valued at $350 million.
India could ease China investment curbs if border standoff eases
India has hinted at relaxing its strict scrutiny of Chinese investments if the border between the two nations remains peaceful.
Sensex, Nifty close in red for third consecutive session
On Thursday, the benchmark Sensex and Nifty indices witnessed a slump.
Airbus signs deal with Tata, Mahindra for aircraft components
Airbus has inked deals with Tata Advanced Systems Limited (TASL) and Mahindra Aerospace Structures Private Limited (MASPL) to procure commercial aircraft components.
JPMorgan Chase faces 45 billion daily cyber attack attempts
JPMorgan Chase, the US's largest bank in terms of assets, is currently battling a staggering 45 billion daily hacking attempts, which is twice the number from last year.
India's air passenger traffic to double to 300mn by 2030
India's domestic air passenger traffic will reach 300 million by 2030, doubling from its current count, said Civil Aviation Minister, Jyotiraditya Scindia.
Meet Mitsuko Tottori: Japan Airlines' cabin attendant turned president
Japan Airlines (JAL) has made history by appointing Mitsuko Tottori (59) as its first female president, effective April 1.
Akasa Air buys 150 Boeing 737 MAX aircraft
Akasa Air has ordered 150 Boeing 737 MAX narrow-body planes.
Why Sensex and Nifty are on a decline
India's benchmark indices Sensex and Nifty 50 continued to see strong selling today, extending losses to a third consecutive session.
Cryptocurrency prices today: Check rates of Bitcoin, Dogecoin, Tether, Solana
Bitcoin has slipped 0.58% in the past 24 hours and is trading at $42,621.62. It is 8.26% lower than the week before.
Jobs cuts will continue through 2024, warns Google CEO
Google CEO Sundar Pichai has warned employees of more job cuts at the Alphabet-owned company this year.
Sheryl Sandberg steps down from Meta's board after 12 years
Sheryl Sandberg, who held the position of Meta's Chief Operating Officer (COO) for 14 years and served as a board member for 12 years, has decided to step down from the company's board of directors.
Maxposure IPO subscribed over 900 times on final day
Digital media and entertainment company, Maxposure, successfully completed its initial public offering (IPO) today.
SoftBank fully exits PolicyBazaar parent, bags a profit of 225%
SoftBank has made a whopping $650 million (approximately Rs. 5,400 crore) in returns after fully exiting PB Fintech, the parent company of insurance marketplace PolicyBazaar.
China's debt-to-GDP ratio reaches record high of 286%
China's debt-to-GDP ratio, a crucial measure of the country's debt compared to its economic output, has hit a record high of 286.1% in the last quarter of 2023, as reported by Bloomberg.
Sensex crashes over 1,625 points, Nifty falls below 21,600 mark
On Wednesday, the stock market witnessed a major correction.
UK inflation unexpectedly rises, dampens talk of potential rate cuts
In December 2023, the retail inflation in UK, also known as consumer prices index (CPI) rose to 4% from 3.9% in November.
Adani Group to invest Rs. 12,400 crore in Telangana
Adani Group has announced plans to invest Rs. 12,400 crore in Telangana over the next few years.
1 in 4 CEOs plans to replace workers with AI
A recent study shows that 25% of CEOs plan to reduce their workforce by at least 5% due to the rise of generative AI.
Forget forex! You can pay abroad using Google Pay UPI
Google Pay and India's National Payments Corporation (NPCI) have teamed up to expand the reach of Unified Payments Interface (UPI) beyond India's borders.
88% employees in India plan to switch jobs: LinkedIn
The job market is getting tougher day by day in the face of economic uncertainty but professionals are ready to switch jobs.
Google axes hundreds of workers in big business ad sales
Google has confirmed that it will be laying off "hundreds" of employees from its advertising sales team, as per The Verge.
Why HDFC Bank shares are down nearly 7% today
HDFC Bank's stock fell 6.86% today to Rs. 1,563.90 in the aftermath of its Q3FY24 results which left investors disappointed.
LIC becomes most valued PSU with Rs. 5.64L crore m-cap
Life Insurance Corporation of India (LIC) has once again become the most valuable listed public sector company, overtaking State Bank of India (SBI) in market capitalization.
Cryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Solana, BNB
Bitcoin has climbed 0.15% over the last 24 hours and it currently trading at $42,847.88. It is 6.85% lower than the previous week.
Sensex, Nifty50 fall over 1.8%: Key reasons why
India's stock market took a big hit on Wednesday as Sensex dropped by more than 1,371 points (1.87%), and the Nifty50 fell 395 points (1.79%) to below 21,650.
China's GDP grows 5.2% in 2023, exceeding government target
China's economy saw a growth of 5.2% in 2023, surpassing the government's target of around 5% yearly growth.
China's population declines for second consecutive year
China experienced a population decline for the second year in a row in 2023, with the total number of people dropping to 1.409 billion, a decrease of 2.75 million from the previous year.
PhonePe users can now convert digital gold to tangible jewelry
PhonePe, a digital payments company, has teamed up with jewelry brand CaratLane to enable customers to buy jewelry using their accumulated digital gold.
India's engineering goods exports surge by over 10% in December
India's engineering goods exports experienced a 10.20% year-on-year growth, reaching $10.04 billion in December 2023.
Flight canceled or delayed? Know your rights as a passenger
Foggy weather in Delhi-NCR has caused significant disruptions at Indira Gandhi International Airport, with over 100 flights affected or delayed.
LIC gains 5% to cross listing price for first time
The stocks of LIC soared nearly 5% to a 52-week high of Rs. 900 on Tuesday, surpassing the listing price of Rs. 867 for the first time since debut on May 17, 2022.
Union Bank surpasses Rs. 1L crore valuation; joins SBI, PNB
Union Bank of India has emerged as the fourth public sector lender to cross the Rs. 1 lakh crore market value.
India to hit $5tn economy before 2028: Hardeep Singh Puri
Union Minister Hardeep Singh Puri is confident that India can become a $5 trillion economy well before the previously estimated year of 2028.
Sensex tanks 200 points, Nifty settles above 22,000 mark
On Tuesday, the benchmark Sensex and Nifty indices witnessed a slump after reaching a record-high in yesterday's session.
HDFC, Reliance in fray to become India's first trillion-dollar company
ICICI Securities predicts that one of three Indian giants—HDFC Bank, Reliance Industries, or Bajaj Finance—could become India's first company to achieve a market value of $1 trillion by 2032.
ByteDance terminates Resso music app in India over data handling
ByteDance, TikTok's parent company, has announced that it will close its music-streaming app Resso in India by January end.
Why India has imposed 50% export duty on molasses
In the wake of a sugarcane shortage due to unpredictable monsoon rains, the Indian government has imposed a 50% export duty on molasses, a sugarcane by-product.