Business News
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01 Feb 2024
Budget SessionCentre lowers fiscal deficit target, divestment goals; increases capex target
Finance Minister Nirmala Sitharaman has announced a fiscal deficit target of 5.1% for 2024-25, a decrease from the revised 5.8% for 2023-24.
01 Feb 2024
TeslaElon Musk's Tesla sued for hazardous waste mishandling in California
Tesla is currently facing a lawsuit filed by 25 California counties, including Alameda, Los Angeles, San Joaquin, and San Francisco.
01 Feb 2024
eBayeBay to pay $59M settlement for selling drug-making equipment
eBay has agreed to pay $59 million to settle a lawsuit accusing it of selling equipment used for making narcotic drugs.
01 Feb 2024
Narendra ModiWorking to transform India into 'Viksit Bharat' by 2047: Sitharaman
Union Finance Minister Nirmala Sitharaman addressed the Lok Sabha on Thursday, delivering the 2024-25 Union Interim Budget in a one-hour speech.
01 Feb 2024
Nirmala SitharamanUnion Interim Budget 2024: Sitharaman raises infrastructure spending by 11%
Union Finance Minister Nirmala Sitharaman on Thursday presented the Union Interim Budget 2024-25 in the Parliament.
01 Feb 2024
Disney IndiaReliance to acquire over 50% stake in Disney India
Reliance Industries and Disney India are working out their merger plans, with Reliance potentially acquiring a 51%-54% stake, valuing Disney's local operations at $3.5 billion.
01 Feb 2024
Nirmala SitharamanCentre's Rs. 1tn fund offers interest-free loans to boost innovation
Union Finance Minister Nirmala Sitharaman, presented the Interim Budget 2024-25, in the Parliament today.
01 Feb 2024
Nirmala SitharamanBudget 2024: No change in income tax slab rates
During her budget speech on Thursday, Union Finance Minister Nirmala Sitharaman announced that income tax slab rates will remain the same for both new and old tax regimes.
01 Feb 2024
FlipkartFlipkart will offer same-day delivery in these 20 cities
Taking on Amazon, Flipkart will start offering same-day delivery services in 20 cities across India, starting this month.
01 Feb 2024
IndiaCommercial LPG cylinder costs hiked by Rs. 14: Check rates
Starting today (February 1), commercial LPG cylinder prices have experienced a hike of Rs. 14, as announced by Oil Marketing Companies (OMCs).
01 Feb 2024
Jio Platforms LimitedReliance Jio IPO likely to happen in 2025
Reliance Jio is expected to launch its initial public offering (IPO) in 2025.
01 Feb 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Dogecoin, Tether, Solana
Bitcoin has dropped 2.13% in the past 24 hours to trade at $42,047.81. Compared to last week, it is up by 5.27%.
01 Feb 2024
PaytmRBI's crackdown on Paytm Bank raises concerns of license revocation
There seems to be no end to bad news for Paytm Payments Bank Limited (PPBL).
31 Jan 2024
Nirmala SitharamanIndia's fiscal deficit widens to Rs. 9.82L crore in April-December
India's fiscal deficit rose to Rs. 9.82 lakh crore between April-December 2023 from Rs 9.07 lakh crore between April-December in 2022.
31 Jan 2024
PaytmRBI bars Paytm Payments Bank from offering services starting March
The Reserve Bank of India has placed limitations on Paytm Payments Bank Limited (PPBL), barring it from accepting deposits or top-ups in customer accounts, wallets, and FASTags after February 29, 2024.
31 Jan 2024
Bank of BarodaBoB stocks surge to all-time high on strong Q3 results
Bank of Baroda shares rallied over 4.25% today, reaching an all-time high of Rs. 249.65. The movement was driven by the lender's strong Q3 results.
31 Jan 2024
Stock MarketSensex gains over 610 points, Nifty settles above 21,725 mark
On Wednesday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.
31 Jan 2024
IndiaNew rules for partial pension withdrawal from February 1
The Pension Fund Regulatory and Development Authority (PFRDA) in India has announced new provisions for partial withdrawals under the National Pension System (NPS).
31 Jan 2024
Maruti SuzukiMaruti Suzuki's Q3 profit soars 33% to Rs. 3,130 crore
Maruti Suzuki announced a 33% surge in its Q3 FY24 standalone net profit, reaching Rs. 3,130 crore compared to Rs. 2,351.3 crore during the same period last year.
31 Jan 2024
ChinaChina's manufacturing activity contracts for fourth consecutive month
China's manufacturing sector experienced its fourth consecutive month of contraction in January 2024, signaling a sluggish start to the year for the industry and the world's second largest economy.
31 Jan 2024
GoogleGoogle spent $2.1 billion on layoffs and severance in 2023
Google has shelled out a whopping $2.1 billion on severance and related costs for laying off over 12,000 employees throughout 2023.
31 Jan 2024
MicrosoftMicrosoft's Q2 2024 results show gaming revenues have surpassed Windows
Microsoft's Q2 2024 financial results are now out.
31 Jan 2024
Jack DorseyJack Dorsey's fintech company Block to lay off 1,000 employees
Block is cutting around 1,000 jobs, primarily impacting Cash App, Square, and core teams, as per Business Insider.
31 Jan 2024
Elon MuskWhy Elon Musk won't receive his $56bn package from Tesla
A judge in the US state of Delaware has canceled a whopping $55.8 billion pay deal for Tesla CEO Elon Musk, which was granted in 2018.
31 Jan 2024
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, BNB, Solana
Bitcoin has lost 1.08% in the last 24 hours and is currently trading at $42,952.94. It is up by 8.33% from last week.
31 Jan 2024
Nirmala SitharamanImport duty on phone components lowered from 15% to 10%
Indian government has slashed import duties on mobile phone components from 15% to 10%.
31 Jan 2024
PayPalPayPal reduces workforce by 9%, 2,500 jobs affected
PayPal is set to slash 2,500 jobs, or 9% of its global workforce, as it faces stiff competition from rivals like Apple, Zelle, and Block.
31 Jan 2024
FlipkartFlipkart to launch new 'payment product' within a month
Flipkart, India's leading e-commerce platform, is preparing to unveil a new payment product within the next month, CEO Kalyan Krishnamurthy told Moneycontrol.
30 Jan 2024
Life Insurance Corporation of IndiaLIC's stock reaches highest-level since IPO: How it benefits investors?
Life Insurance Corporation of India (LIC) has experienced a remarkable 75% surge since late March 2023. It has reached its highest stock value following its initial public offering (IPO) in May 2022.
30 Jan 2024
Maruti SuzukiTata Motors zooms past Maruti as India's most valuable automaker
Tata Motors has surpassed Maruti Suzuki in market capitalization thanks to a 5% increase in its share prices today.
30 Jan 2024
ZeeSony-Zee merger: NCLT asks Sony to respond in 3 weeks
Mad Man Film Ventures, a Zee shareholder, has filed a plea with the National Company Law Tribunal (NCLT) to intervene and rescue the failed deal between Sony and Zee.
30 Jan 2024
Stock MarketWhy foreign funds are opposing SEBI's instant settlement plan
Foreign Portfolio Investors (FPIs) are concerned about the Securities and Exchange Board of India's plan to introduce new trade settlement plans in equity markets.
30 Jan 2024
Stock MarketSensex falls over 800 points, Nifty settles near 21,520 mark
On Tuesday, the benchmark Sensex and Nifty indices witnessed a slump.
30 Jan 2024
SpiceJetSpiceJet shares jump over 4% after NCLT dismisses insolvency bid
SpiceJet's shares soared over 4% in early trade today, hitting a two-week high after the National Company Law Tribunal (NCLT) dismissed an insolvency petition against the budget airline.
30 Jan 2024
IBMMove close to office or leave: IBM's ultimatum to managers
IBM has mandated that all remotely-working managers either move closer to an office location or part ways with the company.
30 Jan 2024
Stock MarketTata Investment shares rally 20% to hit all-time high
Tata Investment Corporation's stock soared to an all-time high on Tuesday, with shares skyrocketing 20% after the company revealed a substantial boost in net profit for Q3 of FY24.
30 Jan 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has surged 2.84% in the past 24 hours to trade at $43,386.98. It is 8.33% up compared to last week.
30 Jan 2024
Stock MarketIndia's FII outflows hit record high this January: Here's why
In January, India's equity markets saw the largest outflows in Asia, with foreign institutional investors (FIIs) withdrawing $2.62 billion from Indian exchanges.
29 Jan 2024
Vodafone IdeaVodafone Idea reports Q3 net loss of Rs. 6,986 crore
Vodafone Idea has experienced a net loss of Rs. 6,985.9 crore in Q3 FY24.
29 Jan 2024
MicrosoftWith AI dominance, Microsoft to beat Apple in market value
Microsoft is on course to overtake Apple's stock market value and take a decisive lead in the next five years, thanks to its early adaptation of artificial intelligence (AI).
