Business News
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15 Feb 2024
SpaceXElon Musk's SpaceX fined for worker safety violations in US
SpaceX, Elon Musk's aerospace company, has been fined $3,600 (roughly Rs. 3 lakh) by US worker safety officials.
15 Feb 2024
United KingdomAfter Japan, UK enters recession as household spending declines
The United Kingdom economy has officially fallen into a recession. The Office for National Statistics announced a larger than expected 0.3% decrease in gross domestic product (GDP) for the three months leading up to December.
15 Feb 2024
Reliance IndustriesReliance may acquire 30% stake in Tata Play from Disney
Reliance Industries (RIL) is said to be in talks to acquire a 29.8% stake in Tata Play, a satellite TV and streaming service. The stake is currently owned by Walt Disney.
15 Feb 2024
TinderMatch Group's Tinder, Hinge dating apps are addictive, says lawsuit
Match Group, the company behind popular dating apps like Hinge, Tinder, and the League, is facing a federal lawsuit filed in San Francisco.
15 Feb 2024
NVIDIAAfter Amazon, NVIDIA now surpasses Alphabet in market capitalization
NVIDIA is now the fourth most valuable company in the world. With a market cap of $1.83 trillion, it has surpassed the value of Amazon ($1.77 trillion) and Google's parent Alphabet ($1.82 trillion).
15 Feb 2024
JapanJapan slips into recession, loses third-largest economy title to Germany
In a surprising turn of events, Japan slipped into recession toward the end of 2023, causing it to lose its spot as world's third-largest economy to Germany.
15 Feb 2024
BitcoinCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, Polygon
Bitcoin has climbed 5.71% in the past 24 hours, trading at $52,228.21. It is 17.41% higher than last week.
15 Feb 2024
Elon MuskElon Musk's SpaceX moves incorporation from Delaware to Texas
SpaceX CEO Elon Musk has revealed that the company has shifted its state of incorporation from Delaware to Texas, in the US.
14 Feb 2024
Stock MarketNSE announces special trading session on March 2
The National Stock Exchange will conduct a special trading session on March 2 (Saturday) with an intra-day switch over to the disaster recovery site.
14 Feb 2024
Stock MarketTravel aggregator Ixigo files for Rs. 120 crore IPO
LE Travenues Technology, which runs travel portal Ixigo, has submitted fresh draft papers to Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
14 Feb 2024
Mahindra & MahindraMahindra's Q3 net profit jumps 61% YoY to Rs. 2,454cr
Mahindra and Mahindra (M&M) saw a 61% YoY increase in standalone net profit for the quarter ended December 31, reaching at Rs. 2,454 crore.
14 Feb 2024
SensexSensex climbs to 71,822 points, Nifty settles above 21,840 mark
On Wednesday, the benchmark Sensex and Nifty indices opened in red but soon reversed the trend.
14 Feb 2024
Jeff BezosBezos sells $4B worth of Amazon stock in 4 days
Jeff Bezos, Amazon's founder, has sold 24 million shares, earning over $4 billion.
14 Feb 2024
Artificial Intelligence and Machine LearningMozilla is reducing headcount, focusing on Firefox and AI
Mozilla, the company behind the Firefox browser, is cutting back on staff and refocusing its efforts on Firefox and artificial intelligence (AI).
14 Feb 2024
InflationWholesale inflation reduces to 0.27%, food inflation dips to 3.79%
India's Wholesale Price Index (WPI) inflation rate dipped to a three-month low of 0.27% in January 2024, according to the Office of Economic Advisor.
14 Feb 2024
PaytmED to probe money laundering charges against Paytm Payments Bank
The Enforcement Directorate (ED) has initiated a money laundering probe against Paytm Payments Bank, according to NDTV.
14 Feb 2024
OpenAIAndrej Karpathy, founding member of OpenAI, quits
AI expert Andrej Karpathy, one of the founding members of OpenAI, has quit the Microsoft-backed company.
14 Feb 2024
PaytmPaytm shares tumble to 52-week low, down 65% from highs
Paytm's stock dropped over 9% again in early trading today, falling below Rs. 350 mark as troubles persist for parent company One97 Communications.
14 Feb 2024
BitcoinCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has lost 0.87% in the last 24 hours, trading at $49,442.39. It is 15.17% up compared to last week.
14 Feb 2024
Stock MarketWhy Nifty and Sensex are trading in red today
Indian stocks faced a substantial drop today, influenced by the downturn in US markets last night.
14 Feb 2024
AppleBart Andre, Apple's longest-serving designer, retires after 3 decades
Bart Andre, a senior industrial designer at Apple, is retiring after over 30 years with the company.
13 Feb 2024
Eicher MotorsEicher Motors's Q3 net profit rises 34% to Rs. 996cr
Eicher Motors has reported a 34.43% year-over-year increase in net profit, reaching Rs. 995.97 crore for the December quarter.
13 Feb 2024
Gautam AdaniAdani-Hindenburg case: Review petition filed against Supreme Court's clean chit
A review petition has challenged the Supreme Court's decision to support the Securities and Exchange Board of India (SEBI) investigation into the Adani-Hindenburg case.
13 Feb 2024
Aditya Birla GroupHindalco's Q3 profit skyrockets 71% to Rs. 2,331 crore
Hindalco Industries, Aditya Birla Group's flagship company, has reported a 71% YoY increase in consolidated net profit, reaching Rs. 2,331 crore for December quarter.
13 Feb 2024
SensexSensex regains 71,550 mark, Nifty settles near 21,750
The stock market had a bearish opening on Tuesday, but the benchmark indices witnessed a surge.
13 Feb 2024
Go FirstGo First insolvency: NCLT grants 60-day extension for resolution
Go First has been granted an additional 60 days by the National Company Law Tribunal (NCLT) to wrap up its corporate insolvency resolution process (CIRP).
13 Feb 2024
NVIDIAWith $1.78T valuation, NVIDIA surpasses Amazon's market capitalization
NVIDIA briefly surpassed Amazon in market value, reaching a whopping $1.78 trillion, on Monday (February 12).
13 Feb 2024
PSUsPSU stock sell-off erodes government wealth by Rs. 3.8 trillion
A significant drop in public sector unit (PSU) stocks has resulted in a loss of nearly Rs. 3.79 lakh crore for the Indian government.
13 Feb 2024
PaytmPaytm shares crash as Macquarie downgrades price to Rs. 275
Paytm shares crashed over 9% today after Macquarie, a global financial services firm, lowered its target price for the fintech giant to Rs. 275.
13 Feb 2024
BitcoinCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has climbed 3.78% in the past 24 hours to trade at $49,940.94. Compared to last week, it is 16.82% up.
13 Feb 2024
Morgan StanleyBHEL, PNB enter MSCI as India's weightage reaches historic high
India has reached a record high of 18.2% in the MSCI Global Standard (Emerging Markets) Index after the February review.
12 Feb 2024
Consumer Price Index (CPI)India's retail inflation eases to 5.1%, industrial production at 3.8%
Close on the heels of the General Election, India's consumer price index (CPI) or the retail inflation rate dropped to a three-month low of 5.1% in January.
12 Feb 2024
OYO RoomsOYO requests SEBI to expedite IPO approval
OYO's top bankers and executives met with the Securities and Exchange Board of India (SEBI) to discuss the company's progress and speed up its IPO approval.
12 Feb 2024
Axis Bank LtdAxis Bank open to working with Paytm if RBI permits
Axis Bank CEO Amitabh Chaudhry has stated that the bank is willing to collaborate with Paytm if the Reserve Bank of India (RBI) grants permission.
12 Feb 2024
Securities and Exchange Board of IndiaWith boom in IPOs, SEBI intensifies scrutiny of corporate documents
India's market watchdog, the Securities and Exchange Board of India (SEBI), is ramping up its scrutiny of documents submitted by companies planning to go public, per Reuters.
12 Feb 2024
SensexSensex tanks over 500 points, Nifty barely holds 21,600 mark
On Monday, the benchmark Sensex and Nifty indices witnessed a fall.
12 Feb 2024
Unified Payments Interface (UPI)After France, UPI goes live in Sri Lanka and Mauritius
India's Unified Payments Interface (UPI) now works in Sri Lanka and Mauritius.
12 Feb 2024
PaytmCentre probes Chinese investments in Paytm Payments Services
The Indian government is examining foreign direct investment (FDI) from China in Paytm Payments Services Ltd. (PPSL), a subsidiary of One97 Communications Ltd (OCL).
12 Feb 2024
BitcoinCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has shed 0.26% over the last 24 hours, trading at $48,165.98. It is 12.92% higher than previous week.
12 Feb 2024
SpiceJetCash-strapped SpiceJet to fire 1,400 employees to reduce costs
SpiceJet has announced plans to lay off approximately 1,400 employees, which is nearly 15% of its current workforce. The decision is aimed at reducing costs and maintaining investor interest.
