Business News

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11 Feb 2024

Cryptocurrency

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

Bitcoin has risen 1.96% over the last 24 hours to trade at $48,334.59. It is up by 12.7% compared to last week.

10 Feb 2024

Cryptocurrency

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

Bitcoin has climbed 2.88% over the last 24 hours, trading at $47,393.91. It is 9.86% higher than the previous week.

09 Feb 2024

Finance

Bandhan Bank's Q3 net profit jumps threefold to Rs. 733cr

Bandhan Bank has announced a remarkable 152.06% increase in net profit, reaching Rs. 732.7 crore for the third quarter ending December 31, 2023.

09 Feb 2024

Stock Market

India surpasses Hong Kong in terms of stock trading volumes

India's National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have outperformed the Hong Kong Exchange (HKE) in trading volumes.

09 Feb 2024

Stock Market

Sensex climbs 170 points, Nifty settles above 21,780 mark

On Friday, the benchmark Sensex and Nifty indices saw gains. The former rose 0.23% to 71,595.49 points, the latter jumped 0.3% to 21,782.50 points.

ONGC scrambling to restart Libya operations, scale up in Venezuela

India's Oil and Natural Gas Corporation (ONGC) is in talks to restart operations in Libya and boost production in Venezuela, according to Sushma Rawat, ONGC's Director of Exploration.

09 Feb 2024

OpenAI

OpenAI hits revenue milestone of $2 billion: What's next?

OpenAI, the Microsoft-supported AI start-up behind ChatGPT, has achieved an impressive revenue milestone of $2 billion.

09 Feb 2024

Paytm

Paytm set to acquire Bengaluru-based ONDC start-up Bitsila: Here's why

Paytm, which is battling multiple regulatory challenges, is close to acquiring Bengaluru-based e-commerce start-up Bitsila.

IT Department alleges insurance companies evaded taxes worth Rs. 25,000cr 

The Income Tax Department is about to issue tax demand notices totaling Rs. 25,000 crore by the end of March, to various insurance companies.

09 Feb 2024

X

Elon Musk's X partners with WWE for weekly video series 

Elon Musk's X, previously known as Twitter, is teaming up with World Wrestling Entertainment (WWE) to launch a new weekly series called WWE Speed.

09 Feb 2024

Cryptocurrency

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

Bitcoin has climbed 3.13% over the last 24 hours to trade at $45,917.84. It is 6.88% higher than the previous week.

08 Feb 2024

Mutual Funds

SIP inflows surpass Rs. 18,000cr for first time in January

Systematic Investment Plans (SIPs) reached a record-breaking Rs. 18,838.33 crore in January, as per the data from the Association of Mutual Funds in India (AMFI).

08 Feb 2024

Zomato

Zomato's Q3 profit surges over 280% to Rs. 138cr

Zomato has reported a net profit of Rs. 138 crore for the October-December quarter, marking its third straight quarter of positive earnings.

08 Feb 2024

India

Meet Pearl Kapur: India's youngest billionaire at just 27

In a huge achievement, Pearl Kapur, a 27-year-old entrepreneur, has become India's youngest billionaire with a net worth of $1.1 billion (roughly Rs. 9.129 crore).

08 Feb 2024

PhonePe

PhonePe to launch its Android app store on February 21

Walmart-owned PhonePe is gearing up to launch its Android app marketplace, Indus Appstore, on February 21 to take on Google's stronghold in the app market.

08 Feb 2024

Stock Market

Sensex tanks over 720 points, Nifty settles above 21,700 points

On Thursday, the benchmark Sensex and Nifty indices were on a downward trend.

08 Feb 2024

Microsoft

Microsoft, Sarvam AI to develop voice-based Gen-AI tools for India

Microsoft has teamed up with Indian start-up Sarvam AI to create voice-based generative artificial intelligence (AI) applications.

08 Feb 2024

Elon Musk

Tesla CEO Elon Musk hints at buying Walt Disney

In a surprising turn of events, Tesla CEO Elon Musk showed up at the Los Angeles premiere of Lola, an indie film co-directed by actor Nicola Peltz.

08 Feb 2024

Taiwan

TSMC, world's top chipmaker, to build second factory in Japan

Taiwan Semiconductor Manufacturing Company (TSMC), the world's leading chipmaker, has revealed plans to construct a second semiconductor fabrication facility in Japan.

India's Digital Rupee to soon support offline transactions 

India's Central Bank Digital Curreny (CBDC), also known as Digital Rupee, will soon support offline transactions so that you can make payments in areas with limited or no internet access, as per the Reserve Bank of India (RBI).

08 Feb 2024

NVIDIA

Buoyed by AI, NVIDIA to overtake Amazon in market value

NVIDIA, the world's leading AI chipmaker, is closing in on Amazon's market value, thanks to Wall Street's growing interest in artificial intelligence.

08 Feb 2024

Walt Disney

Disney invests $1.5bn in Epic Games for a 'persistent universe'

Disney is making a massive splash in the gaming world by investing $1.5 billion in Fortnite's creator, Epic Games.

08 Feb 2024

Cryptocurrency

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

Bitcoin has climbed 3.76% in the past 24 hours to trade at $44,551.47. Compared to last week, it is up by 5.96%.

08 Feb 2024

Gautam Adani

One year after Hindenburg row, Adani's fortune hits $100B again

Gautam Adani's net worth has soared to $100.7 billion, rejoining the exclusive group of tycoons around the world with fortunes over $100 billion.

RBI keeps repo rate unchanged at 6.5% over inflation concerns

The Reserve Bank of India (RBI) has decided to keep its key interest repo rate unchanged at 6.5%. It is the rate at which it lends short-term funds to banks.

07 Feb 2024

BYJU'S

Fresh trouble for BYJU'S as it receives another insolvency notice

The National Company Law Tribunal (NCLT) in Bengaluru has served a notice to edtech giant BYJU'S, following an insolvency bid filed by customer support company Teleperformance Business Services India Ltd.

SBI becomes second PSU company with over Rs. 6T m-cap

Shares of the State Bank of India (SBI) soared over 4% to all-time high of Rs. 675 each, raising its market capitalization above Rs. 6 lakh crore.

07 Feb 2024

Stock Market

Power Grid Q3 net profit increases 10.5% to Rs. 4,028cr

Power Grid Corporation of India reported a 10.5% increase in consolidated net profit for the quarter ending December 31, 2023, reaching Rs. 4,028.25 crore compared to Rs. 3,645.29 crore last year.

RBI grants payment aggregator licenses to Zoho, Juspay, and Decentro

The Reserve Bank of India (RBI) granted final authorization to fintech companies Juspay and Decentro, as well as software-as-a-service firm Zoho, to operate as payment aggregators (PAs).

07 Feb 2024

Sensex

Sensex closes flat at 72,152 points, Nifty settles at 21,930

The stock market closed on a flat note on Wednesday with the Sensex settling at 72,084.1 points and Nifty ending at 21,930.5 points.

07 Feb 2024

Satya Nadella

Microsoft to train 2M people in India with AI skills

Microsoft will impart AI skills to around two million people in India by 2025, CEO Satya Nadella said on Wednesday as part of his two-day visit.

07 Feb 2024

Canara Bank

Canara Bank shares surge as board mulls over stock split

Canara Bank's board is scheduled to meet on February 26 to discuss the potential split of the bank's equity shares.

07 Feb 2024

GST

Centre may reconsider retrospective GST notices to online gaming companies

Indian government might reconsider its position on the Goods and Services Tax (GST) levied on online real money gaming companies.

07 Feb 2024

Paytm

Paytm Payments Bank faces uncertain future as RBI denies concessions

There seems to be no respite for Paytm Payments Bank Limited (PPBL) as the Reserve Bank of India (RBI) has denied any concessions, including transferring accounts to other banks or extending the deadline past February 29, 2024.

07 Feb 2024

Bitcoin

Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana

Bitcoin has gone up by 0.19% in the past 24 hours to trade at $42,888.74. Compared to last week, it is 0.06% down.

06 Feb 2024

Tata

Tata becomes first Indian conglomerate to cross Rs. 30T m-cap

The Tata Group has reached an impressive milestone, becoming the first Indian business conglomerate to achieve a combined market capitalization of over Rs. 30 lakh crore.

06 Feb 2024

CRED

CRED acquires mutual fund start-up Kuvera, forays into wealth management

Kunal Shah-led CRED has acquired online financial planning and investment platform Kuvera in a cash and stock deal.

TCS's m-cap surpasses Rs. 15 lakh crore for first time

Tata Consultancy Services (TCS) achieved a market capitalization of over Rs. 15 lakh crore for the first time, as its stock rose nearly 4% in today's trading session.

06 Feb 2024

Sensex

Sensex gains over 450 points, Nifty settles above 21,925 mark

On Tuesday, the stock market had a bearish opening but the benchmark indices witnessed a surge.

06 Feb 2024

Bitcoin

UK court battle begins over Bitcoin creator Satoshi Nakamoto's identity

A high-stakes legal battle is underway in the UK to determine the true identity of Bitcoin's creator, Satoshi Nakamoto.