Business News

Paytm surpasses 10 crore monthly active users

Fintech giant Paytm recently announced that it has surpassed 10 crore monthly active users by December 2023.

Company behind Terra crypto collapse files for bankruptcy protection

Terraform Labs, responsible for the notorious TerraUSD stablecoin crash, has filed for Chapter 11 bankruptcy protection in the US.

Voice cloning AI start-up ElevenLabs raises $80mn, joins unicorn club

Voice AI start-up ElevenLabs has secured $80 million in Series B funding, led by venture capitalist Andreessen Horowitz and entrepreneurs Nat Friedman and Daniel Gross, with Sequoia Capital and others joining in.

Air India launches maiden Airbus A350-900 flight: Details here

Air India debuted its first Airbus A350-900 flight today, traveling from Bengaluru to Mumbai.

Zee to sue Sony for canceling merger deal

Zee Entertainment is gearing up for a legal battle with Japan's Sony Group after Sony called off a merger between its Indian subsidiary, Culver Max Entertainment, and Zee.

SpiceJet sale: You can fly to Ayodhya for Rs. 1,622

SpiceJet is celebrating the 'Pran Pratishtha' ceremony of Ram Mandir in Ayodhya with a special sale.

Why distributors are boycotting Hindustan Unilever products

The Maharashtra State Consumer Products Distributors Federation (MSCPDF) and the All-India Consumer Products Distributors Federation (AICPDF) have initiated a phased boycott of products made by Hindustan Unilever Ltd (HUL).

Ram Mandir inauguration: Check what's open and what's shut today

As Ram Mandir is about to be inaugurated in Ayodhya, several offices and institutions have declared a holiday or half-day leave today.

Save on income tax by donating to Ram Mandir

Taxpayers can benefit from income tax savings by donating to the Ram Mandir in Ayodhya, as the Central Government has designated "Shri Ram Janmabhoomi Teerth Kshetra" (PAN: AAZTS6197B) as a site of historical significance and public worship.

ESMA, RBI negotiating to resolve domestic bond trading platform discrepancies

The European Securities and Markets Authority (ESMA) is currently in discussions with the Reserve Bank of India (RBI) to settle differences regarding the domestic bond trading platform.

Ram Mandir could attract 50 million tourists a year: Jefferies

The Ram Mandir in Ayodhya is anticipated to boost the city's economy as it emerges as an emerging tourist destination.

Cryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Tether

Bitcoin has lost 1.68% in the last 24 hours, trading at $40,959.22. It is 3.68% down compared to last week.

FAA orders door plug checks for another Boeing 737 aircraft

The US Federal Aviation Administration (FAA) has advised operators of Boeing 737-900ER aircraft to visually inspect mid-exit door plugs, ensuring they are properly secured.

Why Sony has terminated merger with Zee Entertainment

Sony Group Corp has officially pulled the plug on its merger with Zee Entertainment Enterprises, according to Bloomberg.

Centre will increase capex for economic growth in Budget 2024-25

The Indian government is gearing up to focus on boosting capital expenditure (capex) in the 2024-25 Budget.

Tata Steel approves allotment of 8.65cr stocks to TCIL shareholders

Tata Steel's board has given the green light to allot 8.65 crore stocks to eligible shareholders of the Tinplate Company of India (TCIL).

FPIs pull out Rs. 13,000cr from Indian shares this January

Foreign portfolio investors (FPIs) have pulled out a whopping Rs. 13,000 crore from Indian stocks in the first three weeks of January.

Top 5 firms' market value declines by Rs. 1.68L crore

Last week, the market value of five leading companies, including HDFC Bank, Reliance Industries, Hindustan Unilever, and State Bank of India, dropped by a staggering Rs. 1.68 lakh crore.

Six new IPOs set to hit Dalal Street next week

The primary market in India is buzzing with activity as six new initial public offerings (IPOs) are slated for launch next week.

Cryptocurrency prices: Check today's rates of Bitcoin, Tether, Solana, Dogecoin

Bitcoin has risen 0.18% over the last 24 hours to trade at $41,660.45. It is down 2.16% from last week.

Passenger vehicle ASP in India rose 50% in 5 years

In the past five years, the average selling price (ASP) of passenger vehicles in India has surged by over 50%, from Rs. 7.65 lakh in 2018-19 to Rs. 11.5 lakh in 2023-24.

ICICI Bank's Q3 results: Net profit climbs to Rs. 10,272cr

ICICI Bank, a leading private sector lender, has announced a net profit of Rs. 10,271.54 crore for Q3 of the current fiscal year.

Sensex climbs to 71,423 points, Nifty settles above 21,570 mark

On Saturday, the benchmark Sensex and Nifty indices of the stock market witnessed a rise.

Kotak Mahindra Bank's net profit rises 6.75% in Q3 FY24

Kotak Mahindra Bank has shared its Q3 FY24 financial results, showing a 6.75% YoY increase in standalone net profit and a whopping 31% YoY jump in total income.

Centre planning new NBFC to ease credit for infrastructure projects

The Indian government is looking into creating a new non-banking financial company (NBFC) to make it easier for infrastructure projects to get credit financing.

IREDA's share price hits lifetime high: What's fueling rally?

The Indian Renewable Energy Development Agency (IREDA) saw its share price open at Rs. 141.40 on the BSE, climbing to an all-time high of Rs. 148.90 during the historic Saturday session.

Cryptocurrency prices: Check rates of Bitcoin, Dogecoin, Solana, Shiba Inu

Bitcoin has risen 1.30% over the last 24 hours to trade at $41,583.65. It is down by 2.81% from last week.

PM Modi inaugurates Boeing's largest overseas tech campus in Bengaluru 

In a boost to India's aviation potential, Prime Minister Narendra Modi today inaugurated the Boeing India Engineering and Technology Center (BIETC) on the outskirts of Bengaluru.

Paytm reports 38% revenue growth in Q3 FY24, losses down

One97 Communications, Paytm's parent company, experienced a 38% increase in consolidated revenue for Q3, ending December 2023.

Reliance Industries, Jio, and Retail's Q3 results out: Details here

Reliance Jio, a telecom subsidiary of Mukesh Ambani's Reliance Industries, has announced its results for the quarter ending December 2023.

BSE, NSE to hold special trading session tomorrow: Details here

The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), will conduct a special live trading session tomorrow (January 20).

First made-in-India chip to launch in December: Ashwini Vaishnaw

Union Minister Ashwini Vaishnaw announced that India's first domestically produced semiconductor chip will be launched in December 2024.

FinMin, stakeholders to meet for Central KYC on January 24

A crucial meeting on Central Know Your Customer (KYC) is scheduled for January 24, led by Finance Secretary TV Somanathan.

Sensex climbs to 71,705 points, Nifty settles above 21,620 mark

On Friday, the benchmark Sensex and Nifty indices showed an upward trend. The Sensex rose 0.72% to 71,705.46 points while the Nifty gained 0.74% to end at 21,622.4 points.

Central Bank trades 3% higher as Q3 profit increases 57% 

Central Bank of India has reported a significant 56.7% increase in net profit for the October-December quarter of FY2023-24, reaching Rs. 717.9 crore compared to Rs. 458.22 crore during the same period last year.

HDFC Bank gets 'buy' rating with 35% upside

OpenAI-Arizona State University partnership brings ChatGPT into classrooms 

Artificial intelligence has now made inroads into higher education as Arizona State University (ASU) in the US has teamed up with OpenAI to introduce ChatGPT into its classrooms.

Today's cryptocurrency prices: Check rates of Bitcoin, Tether, Dogecoin, BNB

Bitcoin has dropped 3.53% in the past 24 hours to trade at $41,109.99. Compared to last week, it is down by 10.69%.

IMAX box-office earnings hit record high in India in 2023 

IMAX Corporation celebrated a record-breaking year in India in 2023, raking in a whopping $23.1 million from both Hollywood and Bollywood films.

UIDAI issues new rules for Aadhaar updation: Check here

The Unique Identification Authority of India (UIDAI) has updated its guidelines for amending Aadhaar card information, making it easier for cardholders to update their details.