Business News
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29 Jan 2024
Bajaj FinanceBajaj Finance's Q3 net profit climbs 22.4% to Rs. 3,639cr
Bajaj Finance has posted a 22.4% increase in consolidated net profit for the October-December quarter of the present fiscal year.
29 Jan 2024
BYJU'SBYJU'S slashes valuation by 99% in desperate funding bid
BYJU'S has cut its valuation as by a staggering 99% in the latest rights issue. Once touted as the world's most valuable edtech start-up, the company is struggling to raise money.
29 Jan 2024
SpiceJetSpiceJet gains nearly 4.5% on securing Rs. 900 crore funding
SpiceJet shares surged nearly 4.5% today as the low-cost carrier secured over Rs. 900 crore in funding.
29 Jan 2024
Stock MarketBharat Petroleum's Q3 profit increases 73% to nearly Rs. 3,400cr
Bharat Petroleum Corporation Ltd (BPCL) has announced a 73.4% increase in net profit for the quarter ending December 2023, reaching Rs. 3,397.30 crore.
29 Jan 2024
Stock MarketSensex gains over 1,240 points, Nifty settles near 21,740 mark
On Monday, the stock market closed on a bullish note. The Sensex gained 1,240.9 points or 1.76%, to settle at 71,941.57 points, while the Nifty climbed 385 points or 1.8%, closing at 21,737.6 points.
29 Jan 2024
Satya NadellaMicrosoft CEO to visit India in February, focus on AI
Microsoft CEO Satya Nadella is set to visit India on February 7 and 8 with a focus on the potential of Artificial Intelligence (AI) in the region.
29 Jan 2024
SonyZee shareholders seek transparency on Sony's merger exit
Subhash Chandra, chairman of Zee, has alleged that Sony intentionally backed out of the merger deal to portray his company as vulnerable.
29 Jan 2024
Reliance GroupReliance shares hit record high, m-cap crosses Rs. 19L crore
Reliance Industries's stock soared to an all-time high on Monday, pushing the company's market capitalization past Rs. 19 lakh crore for the first time ever.
29 Jan 2024
MetaWhy the tech industry is conducting mass layoffs in 2024?
In January 2024, roughly 100 tech companies, including Meta, Amazon, Microsoft, Google, and Salesforce, have laid off around 25,000 employees, reports layoffs.fyi.
29 Jan 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has dropped 0.65% in the past 24 hours to trade at $42,225.66. Compared to last week, it is 3.01% up.
29 Jan 2024
ChinaChina Evergrande, with $300B in debt, ordered to liquidate
A Hong Kong court has ordered the liquidation of China Evergrande Group, the world's most indebted property developer with over $300 billion in liabilities.
28 Jan 2024
AppleApple loses veteran who worked on EV project to Rivian
DJ Novotney, an Apple veteran serving as vice president of hardware engineering, is leaving the company, per Bloomberg.
28 Jan 2024
Bernard ArnaultBernard Arnault surpasses Elon Musk as world's richest person
Bernard Arnault, the head honcho of luxury goods giant LVMH, has dethroned Tesla CEO Elon Musk to become the world's wealthiest individual, per Forbes.
28 Jan 2024
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Dogecoin, Tether, Solana
Bitcoin has climbed 1.64% over the last 24 hours, trading at $42,479.53. It is 2.07% higher than the previous week.
27 Jan 2024
OlaOla Mobility expands e-bike taxi service to Delhi, Hyderabad
Following a successful pilot program in Bengaluru, Ola Mobility has launched its e-bike taxi service in Delhi and Hyderabad.
27 Jan 2024
FlipkartFlipkart co-founder Binny Bansal exits board over conflict of interest
Binny Bansal, the co-founder of Flipkart, has stepped down from the e-commerce giant's board.
27 Jan 2024
CryptocurrencyCryptocurrency prices: Check rates of Bitcoin, Ethereum, Solana, Tether
Bitcoin has surged 4.29% in the past 24 hours to trade at $41,806.95. It is 0.51% up compared to last week.
26 Jan 2024
OlaOla's AI start-up Krutrim turns unicorn with latest funding round
Krutrim, an artificial inteligence start-up launched by Ola's founder Bhavish Aggarwal, has raised $50 million at a $1 billion valuation, making it India's first unicorn of 2024.
26 Jan 2024
GoogleSalesforce cuts 700 jobs as downsizing continues in tech industry
Cloud-based software giant Salesforce is set to lay off nearly 700 employees, per The Wall Street Journal.
26 Jan 2024
MicrosoftMicrosoft lays off 1,900 employees from Activision Blizzard, Xbox teams
Microsoft will lay off 1,900 employees from Activision Blizzard and Xbox this week, as part of a strategy to focus on sustainable growth.
26 Jan 2024
TeslaTesla's valuation plummets $80bn after Musk warns of slowing sales
Tesla's stock took a nosedive of over 12% on Thursday, causing a staggering $80 billion loss in market value.
26 Jan 2024
United States of AmericaUS GDP exceeds expectations with 3.3% growth in Q4
The US economy showed its strength in the last quarter of 2023 with a GDP growth of 3.3%, convincingly beating the 2% prediction.
26 Jan 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, BNB, Solana
Bitcoin has gone up by 0.69% in the past 24 hours to trade at $40,147.59. Compared to last week, it is 2.22% down.
26 Jan 2024
Life Insurance Corporation of IndiaRBI approves LIC's acquisition of 9.99% stake in HDFC Bank
Life Insurance Corporation of India (LIC), the nation's leading insurer, has been granted permission by the Reserve Bank of India (RBI) to acquire an aggregate 9.99% stake in HDFC Bank.
25 Jan 2024
Adani GroupAdani Power's Q3 net profit soars to Rs. 2,738 crore
Adani Power reported a surge in its consolidated net profit for Q3 FY24, reaching a whopping Rs. 2,737.96 crore.
25 Jan 2024
ZeeZee quits $1.4bn cricket TV rights deal with Walt Disney
Zee Entertainment has reportedly backed out of a deal with Walt Disney, to acquire cricket TV rights for an estimated $1.4 billion, according to Reuters.
25 Jan 2024
IndiaIndian Bank's wholly-owned subsidiary will ensure on-ground money collection, recovery
Indian Bank will launch a wholly-owned subsidiary in India, backed by a capital infusion of Rs. 10 crore. It will focus on collection, sales, back-office processing, and marketing.
25 Jan 2024
SwiggyIPO-bound Swiggy to lay off 400 workers
Swiggy plans to reduce its workforce by 6%, affecting 350-400 employees across teams, as per the Economic Times.
25 Jan 2024
FlipkartFlipkart to lay off 1,000 employees in yearly restructuring move
Flipkart, an e-commerce giant owned by Walmart, is planning to lay off around 1,000 employees, which accounts for nearly 5% of its total workforce, as part of an annual restructuring effort.
25 Jan 2024
Punjab National BankPNB's Q3 profit surges three-fold to over Rs. 2,200 crore
Punjab National Bank (PNB) has reported a significant increase in its profit for the quarter ended December 2023.
25 Jan 2024
ZomatoZomato receives RBI approval for payment aggregator license in India
The Reserve Bank of India (RBI) has given Zomato Payments Private Limited, a subsidiary of food delivery giant Zomato, the green light to operate as a payment aggregator (PA) in the country.
25 Jan 2024
Stock MarketSensex slips 360 points, Nifty holds 21,350 mark
On Thursday, the benchmark Sensex and Nifty indices were on a downward trend. While the former plunged 0.51% to end at 70,700.67 points, the latter fell 0.47% to close at 21,352.60 points.
25 Jan 2024
Stock MarketHPCL tanks 5% as Q3 profit and revenue miss estimates
Hindustan Petroleum Corporation Limited (HPCL) recorded a net profit of Rs. 529 crore in Q3, a threefold increase YoY but nearly 90% drop from Q2.
25 Jan 2024
AppleApple becomes leading smartphone brand in China for first time
For the first time, Apple has emerged as the leading smartphone company in China.
25 Jan 2024
BYJU'SBillionaire behind Manipal Group becomes largest stakeholder in BYJU'S Aakash
Ranjan Pai, the billionaire chairman of Manipal Education and Medical Group, has bought a 40% stake in BYJU'S Aakash Education Services Ltd. for $300 million.
25 Jan 2024
Azim PremjiBillionaire Azim Premji gifts shares worth Rs. 500cr to sons
Azim Premji, the founder chairman of Wipro, has gifted shares worth Rs. 500 crore to his sons Rishad and Tariq, as reported in an exchange filing.
25 Jan 2024
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Solana, BNB
Bitcoin has gone up by 0.17% in the past 24 hours to trade at $39,827.22. Compared to last week, it is 6.68% down.
25 Jan 2024
DLFDLF shares gain 4% as Q3 net profit rises 27%
DLF saw its share prices jump 3.8% in early trading today, after announcing a 26.6% year-over-year increase in consolidated net profit for the quarter ending December 2023.
25 Jan 2024
TeslaTesla tanks 6% on disappointing Q4 results, slower future growth
Tesla's fourth quarter revenue saw a modest 3% growth, falling short of analysts' predictions as automotive revenue only rose by 1% compared to the previous year.
24 Jan 2024
Tata SteelTata Steel reports Q3 profit of Rs. 522 crore
Tata Steel experienced a remarkable turnaround in Q3 FY24.
