Business News
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29 Feb 2024
Ashwini VaishnawIndian government approves 3 semiconductor plants, including 2 by Tata
The Indian government has greenlit three semiconductor plant proposals, totaling an investment of Rs. 1.26 lakh crore.
29 Feb 2024
Stock MarketSensex gains 195 points, Nifty settles near 21,200 mark
On Thursday, major indices of the stock market ended flat but in green with the Sensex settling at 72,500.30 points and the Nifty closing at 21,982.80 points.
29 Feb 2024
PaytmSoftBank reduces stake in crisis-hit Paytm to less than 3%
SoftBank has reduced its stake in Paytm, now holding only 2.83% compared to 5.01% previously, as reported in a recent exchange filing.
29 Feb 2024
Artificial Intelligence and Machine LearningGoogle veteran Sridhar Ramaswamy is Snowflake's new CEO
Snowflake, a leading American cloud computing company, has appointed Sridhar Ramaswamy as its new CEO, effective immediately.
29 Feb 2024
Tata'Made-in-India' chips: Tata to soon reveal details of semiconductor unit
Tata Sons chairperson N Chandrasekaran has announced that the conglomerate will soon reveal a significant investment in a semiconductor chip plant, as reported by The Economic Times.
29 Feb 2024
GoogleGoogle faces $2.3bn lawsuit from European media groups: Here's why
Google is facing a massive $2.3 billion lawsuit from 32 media groups, including big names like Axel Springer and Schibsted.
29 Feb 2024
Layoff NewsEA to fire over 650 employees amid gaming industry slump
Electronic Arts (EA) is laying off 5% of its workforce, leading to over 650 employees losing their jobs.
29 Feb 2024
DiabetesDiabetes, BP medicines to become cheaper in India: Here's why
The National Pharmaceutical Pricing Authority (NPPA) has announced new retail prices for 69 drug formulations, making medications for Type 2 diabetes, hypertension, and other conditions more affordable.
29 Feb 2024
CryptocurrencyCryptocurrency exchange Gemini to return $1.1 billion to customers
Gemini, a cryptocurrency exchange co-founded by Tyler and Cameron Winklevoss, has agreed to return a minimum of $1.1 billion to its customers.
29 Feb 2024
CryptocurrencyBitcoin surpasses $60,000 mark for first time since November 2021
Bitcoin has surged 8.43% in the past 24 hours to trade at $62,108.23. It is up by 20.69% compared to last week.
29 Feb 2024
Disney IndiaDisney-Reliance deal: What the $8.5B media merger entails
Disney is teaming up with India's largest conglomerate, Reliance Industries, in an $8.5 billion joint venture deal to create a media giant in India.
28 Feb 2024
ChinaHow India is challenging China's dominance as new export powerhouse
India is steadily grabbing a piece of the electronics export market from China, especially in the UK and US, where political tensions have been on the rise.
28 Feb 2024
Bharti AirtelSC overturns HC orders on taxing SIM card sale discounts
The Supreme Court of India granted significant relief to telecom companies by overturning Delhi and Calcutta High Courts' rulings on taxing discounts given during the sale of SIM cards.
28 Feb 2024
VolkswagenJSW Group, Volkswagen in talks for 50-50 EV joint venture
JSW Group and Volkswagen are in talks about a 50-50 joint venture (JV), to tap into the growing electric vehicle (EV) market, according to insiders.
28 Feb 2024
BYJU'SNCLT issues fresh insolvency notice to BYJU'S: Here's why
The National Company Law Tribunal (NCLT) has served a notice to crisis-ridden BYJU'S, following a plea submitted by US-based GLAS Trust Company.
28 Feb 2024
Stock MarketSensex tumbles nearly 800 points, Nifty falls to 21,950 mark
On Wednesday, the benchmark Sensex and Nifty indices witnessed a fall. The former plunged 1.08% to 72,304.88 points, while the latter fell 1.11% to 21,951.15 points.
28 Feb 2024
IKEA'Stores in major Indian cities': IKEA CEO outlines expansion strategy
In an interview with CNBC-TV18, IKEA CEO Jesper Brodin discussed the company's ambitious expansion plans in India.
28 Feb 2024
ChinaChina's biggest private property developer faces liquidation
Chinese property giant Country Garden Holdings is in hot water as creditor Ever Credit Limited, part of Kingboard Holdings, has filed a liquidation petition against it for not paying back a $205 million loan.
28 Feb 2024
KooDailyhunt in talks to acquire Indian social network Koo
Dailyhunt is said to be in the final stages of talks to acquire Koo, a Bengaluru-based social network.
28 Feb 2024
BumbleBumble to fire 30% of its workforce in restructuring move
Bumble has revealed plans to lay off around 350 employees, which is about 30% of its workforce.
28 Feb 2024
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Dogecoin, Tether, Solana
Bitcoin has climbed 2.52% in the past 24 hours and is currently trading at $57,207.31. It is 10.25% higher than last week.
28 Feb 2024
AppleWhy Apple canceled its electric car project
Apple has pulled the plug on its secretive autonomous electric car project, dubbed "Project Titan," as revealed by company executives during a brief meeting with the team.
27 Feb 2024
SonySony to reduce headcount globally by 8%: Here's why
Sony has revealed plans to cut around 900 jobs from its PlayStation division, a global reduction of about 8%.
27 Feb 2024
BYJU'SNCLT hearing: Why BYJU'S investors are against rights issue
Today, a showdown unfolded at the National Company Law Tribunal (NCLT) in Bengaluru between four investors of ed-tech giant BYJU'S and the company's board of directors.
27 Feb 2024
Adani GroupAdani Green to raise over $400M through dollar bonds
Adani Green Energy aims to raise $409 million through US dollar-denominated bonds, featuring an 18-year door-to-door tenor, as stated in a regulatory filing.
27 Feb 2024
IndiaOver 50% of India's 820M Internet users from rural areas
India's internet user base has skyrocketed to over 800 million, with a whopping 86% of them enjoying audio and video content through over-the-top (OTT) services, as per the Internet in India Report 2023.
27 Feb 2024
Foreign InvestmentStake of foreign investors in Indian stocks hits 10-year low
Foreign portfolio investors (FPIs) saw their combined stake in Indian stocks drop to a 10-year low of 16.3% in January 2024, as revealed by ICICI Securities.
27 Feb 2024
Stock MarketSensex gains over 300 points, Nifty settles near 22,200 mark
On Tuesday, the benchmark Sensex and Nifty indices showed an upward trend.
27 Feb 2024
MicrosoftMicrosoft partners with French start-up Mistral for advanced AI models
Microsoft has teamed up with Mistral, a French AI start-up, in a multiyear partnership.
27 Feb 2024
PaytmPaytm shares up 5% again: What's fueling the rally
Paytm's stock saw another 5% boost today following the resignation of its founder, Vijay Shekhar Sharma, as chairperson and board member of crisis-hit Paytm Payments Bank Ltd (PPBL).
27 Feb 2024
CryptocurrencyBitcoin surpasses $55,000 mark for first time in two years
Bitcoin has surged 8.14% in the past 24 hours to trade at $55,708.64. That's 7.56% up compared to last week.
27 Feb 2024
Layoff NewsExpedia to lay off 1,500 workers amid slower travel demand
Expedia Group is eliminating around 1,500 jobs, which is about 9% of its global workforce, following a leadership change announcement earlier this month.
26 Feb 2024
PaytmVijay Shekhar Sharma steps down as Paytm Payments Bank chairman
Paytm founder Vijay Shekhar Sharma on Monday resigned as a part-time non-executive chairman of Paytm Payments Bank Limited (PPBL).
26 Feb 2024
Stock MarketTips Industries' stock delivers 14,316% return in a decade
In last 10 years, Tips Industries, an entertainment company, has seen its stock price skyrocket from Rs. 3.60 apiece to Rs. 519, providing shareholders with a 14,316% return.
26 Feb 2024
Stock MarketSensex slips to 72,790 points, Nifty settles above 22,120 mark
On Monday, the benchmark Sensex and Nifty indices witnessed a fall. The Sensex plunged 0.48% to 72,790.13 points, while the Nifty fell 0.41% to 22,122.05 points.
26 Feb 2024
Health & WellnessSuffered 'mild stroke' 6 weeks ago: Zerodha's Nithin Kamath
Nithin Kamath, the founder of Zerodha, on Monday revealed that he experienced a "mild stroke" six weeks ago.
26 Feb 2024
PaytmPaytm to restart lending platform operations in India next month
Paytm is gearing up to relaunch its lending platform for digital loans, provided by partner banks and non-banking financial companies (NBFCs) in early March.
26 Feb 2024
Artificial Intelligence and Machine LearningDeepX to bag $90 million funding for AI chip production
South Korean semiconductor chip start-up DeepX is on the verge of securing $90 million in funding.
26 Feb 2024
RedditWhy Reddit's IPO is not enticing its users
Reddit's recent IPO filing with the US Securities and Exchange Commission has generated mixed feelings among its users as the social media platform may prioritize profit over its community.
26 Feb 2024
ICICI BankICICI Bank shocker: Customer accuses manager of Rs. 16cr fraud
A woman named Shveta Sharma has accused a manager at ICICI Bank of defrauding her.
