Business News
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20 Feb 2024
FlipkartFlipkart loses more senior executives as e-commerce giant chases profitability
Sandeep Kohli, Flipkart's Senior Vice President (SVP) and head of data centers, is reportedly leaving the e-commerce giant after more than nine years.
20 Feb 2024
Stock MarketSensex regains 73,000 mark, Nifty closes at all-time high
On Tuesday, the benchmark Sensex and Nifty indices showed an upward trend.
20 Feb 2024
Stock MarketBest IPO of 2024: Vibhor Steel debuts at 181% premium
Vibhor Steel Tubes, a producer and exporter of various steel products, made a remarkable debut today. Its shares got listed at 181% premium over the initial public offering (IPO) price.
20 Feb 2024
VolkswagenJSW in talks with Volkswagen for EV manufacturing in India
Billionaire Sajjan Jindal's JSW Group is reportedly in talks with Volkswagen Group to form an electric vehicle (EV) manufacturing joint venture in India.
20 Feb 2024
PaytmFinance Ministry to meet fintech start-ups amid Paytm crisis
The Finance Ministry is gearing up for a crucial meeting with fintech start-ups next week, in light of the recent actions taken by the Reserve Bank of India (RBI) against Paytm.
20 Feb 2024
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has lost 0.67% in the last 24 hours, trading at $51,791.33. It is 3.63% up compared to last week.
20 Feb 2024
ZeeTalks underway as Zee, Sony attempt to revive $10B merger
Zee Entertainment Enterprises Ltd (ZEEL) and Sony Pictures Networks India (SNPI) are in talks to revive their $10 billion merger, which was canceled last month.
19 Feb 2024
FinanceJapan's Kirin invests $25M in craft beer brand Bira 91
Japan's Kirin Holdings is set to invest an additional $25 million in B9 Beverages, the company behind craft beer Bira 91 and pub chain Beer Cafe.
19 Feb 2024
SpiceJetSpiceJet ordered to clear Credit Suisse dues by March 15
The Supreme Court of India has instructed SpiceJet to pay $1.25 million to Credit Suisse AG by March 15 to settle its dues before the next hearing.
19 Feb 2024
SoftBank GroupWhat is 'Izanagi', SoftBank founder Son's new $100B AI venture
SoftBank founder Masayoshi Son is working on a massive $100 billion project to develop a new artificial intelligence (AI) chip unit, called 'Izanagi.'
19 Feb 2024
Stock MarketSensex gains over 280 points, Nifty settles above 22,120 mark
On Monday, the benchmark Sensex and Nifty indices saw gains.
19 Feb 2024
TataTata Group is now worth more than all of Pakistan
India's Tata Group has seen its market capitalization soar to $365 billion, surpassing the entire economy of neighboring Pakistan.
19 Feb 2024
ChinaConcerns mount for China as FDI hits 30-year low
China's foreign direct investment (FDI) has hit a 30-year low, with official data from the State Administration of Foreign Exchange revealing a net FDI of just $33 billion in 2023.
19 Feb 2024
NiftyNifty 50 hits all-time high of 22,150
Nifty 50 has hit an all-time high of 22,150.75 in today's session. At the time of writing, it retracted a little to 22,123 points, up 82.5 points or 0.36% from its last closing.
19 Feb 2024
PaytmPaytm stock rises 5% after Axis Bank deal, extended deadline
Paytm stock surged 5% today, reaching the upper circuit for the second day in a row after the company revealed a partnership with Axis Bank to handle merchant payments.
19 Feb 2024
CryptocurrencyCryptocurrency prices today: Check rates for Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has climbed 1.10% over the last 24 hours, trading at $52,124.60. It is 8.32% higher than the previous week.
19 Feb 2024
BYJU'SBYJU'S gets lifeline with $300M pledge ahead of rights issue
Edtech giant Think and Learn, which operates under the BYJU'S brand, has secured a $300 million commitment from investors for its ongoing rights issue, as per PTI.
18 Feb 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Dogecoin, Tether, BNB
Bitcoin has lost 0.89% in the last 24 hours and is now trading at $51,564.65. It is up by 6.76% compared to last week.
17 Feb 2024
RedditReddit inks $60M content licensing deal with AI company: Report
Reddit has signed a $60 million yearly content licensing deal with an undisclosed artificial intelligence (AI) company, reported Bloomberg.
17 Feb 2024
US GovernmentUS government likely to award $10B in subsidies to Intel
The United States (US) government is in talks to provide Intel Corporation with a subsidy package worth over $10 billion, reported Bloomberg.
17 Feb 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Dogecoin, Tether, Solana
Bitcoin has slipped 0.48% in the past 24 hours to currently trade at $51,929.87. It is 9.49% higher than the week before.
16 Feb 2024
PaytmRBI's FAQs for Paytm customers: New deadline and other announcements
The Reserve Bank of India (RBI) has published a set of frequently asked questions (FAQs) to address concerns about Paytm Payments Bank.
16 Feb 2024
IndiaIndia's LNG imports surged by 26% in January: Here's why
India registered 26% surge in liquefied natural gas (LNG) imports this January compared to the same time last year, thanks to a decline in global prices boosting domestic demand.
16 Feb 2024
SpiceJetSpiceJet, Busy Bee Airways submit joint bid for Go First
SpiceJet chairperson Ajay Singh has teamed up with Busy Bee Airways to bid for troubled carrier Go First.
16 Feb 2024
Stock MarketSensex gains 376 points, Nifty settles near 22,040 mark
On Friday, the benchmark Sensex and Nifty indices showed an upward trend.
16 Feb 2024
Goldman SachsIndia's economy to grow above 6% this decade: Goldman Sachs
Goldman Sachs's India economist, Santanu Sengupta, predicts that India's economic growth could surpass 6% for the remainder of the decade.
16 Feb 2024
State Bank of India (SBI)Electoral bonds declared 'unconstitutional': Who can get refunds and how
The Supreme Court of India has declared the electoral bond scheme unconstitutional.
16 Feb 2024
US Department of JusticeUS Justice Department to review Disney-Fox-Warner sports streaming deal: Report
The US Department of Justice (DoJ) is gearing up to examine a proposed streaming service collaboration between Walt Disney, Fox Corporation, and Warner Bros. Discovery, according to Bloomberg Law.
16 Feb 2024
PaytmRBI curbs: Paytm Payments Bank excluded from authorized FASTag issuers
The Indian Highways Management Company (IHMCL), a subsidiary of the National Highways Authority of India (NHAI), has announced a list of 32 authorized banks for issuing new FASTags.
16 Feb 2024
Tata Motors LtdTata Group plans spin-off and listing of its battery business
Tata Group is considering the possibility of spinning off its battery business, Agratas Energy Storage Solutions Pvt., into a separate entity.
16 Feb 2024
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Dogecoin, Solana, Ethereum
Bitcoin has shed 0.08% over the last 24 hours. It is currently trading at $52,172.04, which is 13.55% higher than the previous week.
16 Feb 2024
Jeff BezosBezos sells $2B worth of Amazon shares in latest transaction
Amazon founder Jeff Bezos has sold around $2.03 billion worth of shares in the e-commerce giant over February 14-15.
16 Feb 2024
NikeNike plans to lay off over 1,600 employees: Here's why
Nike, the world's largest supplier of athletic shoes and apparel, is set to eliminate over 1,600 jobs, the Wall Street Journal has reported.
15 Feb 2024
Ministry of Commerce and IndustryIndia's trade deficit widens to $17.5 billion in January
India's trade deficit has grown to $17.49 billion in January 2024, a slight increase from $17.03 billion in January 2023, as reported by Commerce Secretary Sunil Barthwal.
15 Feb 2024
TataYou may soon book Uber ride through Tata's super app
Tata Group is said to be in talks with Uber for a strategic partnership aimed at boosting traffic and subscribers on Tata's super app, Tata Neu, according to The Economic Times.
15 Feb 2024
JapanWhat is recession and how it impacts you
Two of the biggest economies in the world—Japan and United Kingdom—have officially entered recession.
15 Feb 2024
Axis Bank LtdAxis Bank shares tumble amid allegations of Rs. 5,100cr scam
Today, Axis Bank's shares fell by over 2% following allegations made by BJP leader Subramanian Swamy in the Delhi High Court.
15 Feb 2024
SensexSensex climbs to 72,050 points, Nifty settles above 21,900 mark
On Thursday, the benchmark Sensex and Nifty indices showed an upward trend.
15 Feb 2024
Sachin BansalSachin Bansal's Navi Finserv to raise Rs. 600cr through NCDs
Sachin Bansal, co-founder of Flipkart, is set to raise up to Rs. 600 crore for his fintech start-up Navi Finserv through a new bond issue of Non-Convertible Debentures (NCDs).
15 Feb 2024
KarnatakaInfosys, Jubilant, Foxconn under fire for not hiring Karnataka locals
During a recent Karnataka Assembly debate, major companies including Infosys, Foxconn, and Jubilant FoodWorks were criticized.
