Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
06 Feb 2024
TataTata Neu embraces ONDC to start food ordering service
Tata Neu, the Tata Group's super app, is gearing up to join the online food ordering sector by utilizing the Open Network for Digital Commerce (ONDC).
06 Feb 2024
Nirmala SitharamanInterim budget for J&K more than Pakistan's IMF grant
India has announced an interim Budget of Rs. 1.18 lakh crore for fiscal 2024-25 for the union territory of Jammu and Kashmir.
06 Feb 2024
State Bank of India (SBI)SBI won't raise FD interest rates anytime soon: Here's why
State Bank of India (SBI) chairperson Dinesh Khara has revealed that the bank is unlikely to raise fixed deposit (FD) interest rates in near future.
06 Feb 2024
HDFC BankWhy HDFC Bank is buying stakes in these six banks
The Reserve Bank of India (RBI) has given approval to HDFC Bank to acquire up to 9.5% stakes in six banks.
06 Feb 2024
SnapchatSnap to lay off 10% of staff amid revenue struggles
Snap Inc is letting go of nearly 10% of its workforce or around 500 employees.
06 Feb 2024
BitcoinCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Solana, Polygon
Bitcoin has climbed 0.24% in the past 24 hours, trading at $42,748.38. It is 1.53% lower than last week.
06 Feb 2024
PaytmStart-up founders urge PM Modi, RBI to reconsider Paytm curbs
At least 12 start-up founders have penned a letter to Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, and the Reserve Bank of India (RBI) with regards to crisis at Paytm.
05 Feb 2024
OlaOla's valuation plunges 74% to $1.9 billion
Vanguard, a US-based asset management company, has once again lowered the value of ANI Technologies, Ola's parent company, according to regulatory filings.
05 Feb 2024
Gaming ConsolesCentre to review online gaming tax after March
Indian government is gearing up to reassess the national sales tax policy for online gaming companies in the coming month, as stated by Revenue Secretary Sanjay Malhotra.
05 Feb 2024
SamsungSamsung chief Lee Jae-yong acquitted in stock manipulation case
Samsung Electronics's billionaire leader, Lee Jae-yong, has been acquitted by a Seoul court on charges of stock manipulation and accounting fraud related to a controversial 2015 merger between two Samsung subsidiaries.
05 Feb 2024
SensexSensex slips over 350 points, Nifty settles below 21,800
On Monday, the benchmark Sensex and Nifty indices witnessed a fall. The Sensex plunged 0.54% to 71,695.33 points, while the Nifty fell 0.38% to 21,771.7 points.
05 Feb 2024
Reliance IndustriesJio Financial shares skyrocket 15%: Is Reliance acquiring crisis-hit Paytm?
Jio Financial Services (JFS) shares jumped almost 15% on Monday as reports emerged that the demerged firm from Reliance Industries is looking to acquire Paytm's wallet business.
05 Feb 2024
OpenAINovo Nordisk m-cap surpasses $500B, 5x higher than OpenAI's valuation
Danish pharmaceutical giant Novo Nordisk has achieved a staggering $506 billion valuation, thanks to the robust sales of its semaglutide-based injectable drugs, Ozempic and Wegovy.
05 Feb 2024
Elon MuskElon Musk urged to go to rehab, claims WSJ
Last month, the Wall Street Journal made allegations of Tesla and SpaceX CEO Elon Musk's involvement with illegal drugs, including MDMA, and cocaine.
05 Feb 2024
Tata Motors LtdTata Motors shares hit record high: What's fueling rally
Tata Motors's stock soared over 7% today, reaching an all-time high after announcing impressive earnings for the October-December 2023 quarter.
05 Feb 2024
PaytmPaytm shares continue to crash, down 42% in 3 sessions
Paytm's stock has taken a significant hit, plummeting over 42% in just three sessions since the Reserve Bank of India (RBI) imposed restrictions on its banking unit.
05 Feb 2024
BitcoinHere's how Bitcoin, Ethereum, Solana, Dogecoin, Tether are performing today
Bitcoin has slipped 0.46% in the past 24 hours to trade at $42,709.86. It is 1.08% higher than the week before.
05 Feb 2024
HyundaiHyundai India plans to launch IPO this Diwali
Hyundai is considering taking its Indian subsidiary, Hyundai Motor India (HMIL), public in what could be India's largest initial public offering (IPO) ever.
04 Feb 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, BNB
Bitcoin has lost 0.63% in the last 24 hours, trading at $42,904.53. It is 0.5% up compared to last week.
03 Feb 2024
XAdvertisers cut spending on X by 55% before Super Bowl
Ahead of this year's Super Bowl, advertising spending on X has plummeted by 55%, reported MediaRadar, an advertising intelligence and sales enablement platform.
03 Feb 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Dogecoin, Tether, BNB
Bitcoin has risen 0.42% over the last 24 hours to trade at $43,155.74. It is up by 3.19% from last week.
02 Feb 2024
IndiGoIndiGo's Q3 profit surges 111% to nearly Rs. 3,000 crore
IndiGo's parent company, InterGlobe Aviation Ltd., recorded a 111% YoY increase in net profit during Q3 FY24, reaching Rs. 2,998 crore.
02 Feb 2024
FinanceDelhivery's Q3 revenue up 20% YoY to Rs. 2,194 crore
Delhivery has announced a net profit of Rs. 11.7 crore for the quarter ending in December 2023.
02 Feb 2024
Income Tax Department of IndiaIncome Tax e-filing website unavailable from February 3-5: Here's why
The Income Tax department has announced that its e-filing portal will be temporarily unavailable from 2pm on February 3 to 6am on February 5, due to scheduled maintenance activities.
02 Feb 2024
Tata Motors LtdTata Motors reports two-fold jump in Q3 FY24 net profit
Tata Motors has reported a whopping Rs. 7,025 crore net profit for the October-December quarter, doubling from Rs. 2,957.71 crore during the same period last year.
02 Feb 2024
TeslaMeet Richard Tornetta, drummer who challenged Musk's $56bn pay package
Elon Musk's $56 billion pay package has been deemed unfair to Tesla shareholders, due to a lawsuit led by Richard Tornetta.
02 Feb 2024
Unified Payments Interface (UPI)You can now buy Eiffel Tower tickets using UPI
The iconic Eiffel Tower in Paris is the first French merchant to adopt India's Unified Payments Interface (UPI) service.
02 Feb 2024
BYJU'SBYJU'S accuses investors of 'conspiring' against company, delays employee salaries
BYJU'S leadership has accused some investors of plotting to remove top executives during a challenging time, as stated in a letter to employees.
02 Feb 2024
Stock MarketSensex gains 440 points, Nifty settles above 21,850 mark
On Friday, the benchmark Sensex and Nifty indices saw gains.
02 Feb 2024
Stock MarketReliance becomes the most valuable company in India
Reliance Industries' shares soared to new heights today, driving its market capitalization past Rs. 20 lakh crore.
02 Feb 2024
BYJU'SDefaulting on $1.2B loan, BYJU'S US unit files for bankruptcy
BYJU'S Alpha Inc., a subsidiary of Indian edtech giant BYJU'S, has filed for bankruptcy protection in the US after defaulting on $1.2 billion loan.
02 Feb 2024
Stock MarketNifty touches all-time high of 22,126 points: What's driving rally?
Today (February 2), the Nifty 50 index soared 2%, reaching a record high of 22,126.80 points during intraday trading.
02 Feb 2024
PaytmFollowing RBI curbs, Paytm shares fall 20% for second day
Paytm's shares hit lower circuit for the second consecutive session today, dropping 20% to Rs. 487.20. The two-day losses have wiped out $2 billion from its market value.
02 Feb 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Dogecoin, Tether, Solana
Bitcoin has climbed 2.25% in the past 24 hours to trade at $42,961.29. Compared to last week, it is up by 6.98%.
02 Feb 2024
MetaMeta shares surge as Q4 revenue jumps 25% to $40bn
Meta Platforms, the company behind Facebook and Instagram, has posted a 25% revenue increase, reaching $40.1 billion for the quarter ending December 31.
01 Feb 2024
TitanTitan's Q3 profit rises 9.5% to Rs. 1,040cr; misses estimates
Titan Company has reported a standalone net profit of Rs. 1,040 crore for the December quarter of FY24, marking a 9.5% increase compared to the same period last year.
01 Feb 2024
FashionH&M CEO Helena Helmersson steps down after just 4 years
H&M's CEO Helena Helmersson announced her resignation yesterday, after leading the global fashion retailer for four years.
01 Feb 2024
Nirmala SitharamanInterim Budget 2024: 'Lakhpati Didi' scheme explained
In her budget speech, Finance Minister Nirmala Sitharaman on Thursday announced the government's plans to increase the target of the "Lakhpati Didi" scheme from two crore women to three crore.
01 Feb 2024
Stock MarketSensex falls over 100 points, Nifty ends below 21,700 mark
The stock market closed on a flat note on Thursday with the Sensex ending the day in red at 71,645.30 points and Nifty closing at 21,697.45 points.
01 Feb 2024
Stock Market23andMe's valuation down 98%, might be delisted from NASDAQ
Once a $6 billion company, 23andMe, a direct-to-consumer DNA testing firm, now faces an uncertain future.
