Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
06 Mar 2024
Elon MuskElon Musk wanted 'absolute control' of the company: OpenAI
OpenAI co-founders Greg Brockman, Ilya Sutskever, John Schulman, Sam Altman, and Wojciech Zaremba have responded to Elon Musk's lawsuit in a blog post.
05 Mar 2024
TataTata Sons' potential IPO valuation estimated at $96 billion
Tata Sons Limited could be valued at a whopping $96 billion in an initial public offering (IPO), as per Mumbai-based investment banking firm Spark PWM Pvt.
05 Mar 2024
Stock MarketWhy India's inclusion in Bloomberg Bond Index matters
Bloomberg Index Services (BISL) has announced that Indian bonds will join its Emerging Market (EM) Local Currency Index starting January 31, 2025.
05 Mar 2024
Artificial Intelligence and Machine LearningStart-up that compresses AI models for quantum computing raises $27M
Multiverse Computing, a start-up from Spain, has secured $27 million in a funding round led by Columbus Venture Partners. It is now valued at $108 million.
05 Mar 2024
Stock MarketSensex slips 195 points, Nifty barely holds above 22,350
On Tuesday, the benchmark Sensex and Nifty indices were on a downward trend.
05 Mar 2024
Go FirstGo First's sales head latest executive to quit beleaguered company
Grounded airline Go First faces a challenging road to resuming operations as a significant portion of its workforce, including top management, have resigned.
05 Mar 2024
China5% growth target: How China aims to transform its economy
Chinese Premier Li Qiang has announced an economic growth target of 5% for 2024, emphasizing plans to transform China's development approach and address risks caused by failing property developers and debt-ridden cities.
05 Mar 2024
Tata Motors LtdTata Motors's shares touch record high: What's fueling the rally
A day after Tata Motors revealed plans to split its commercial vehicle (CV) and passenger vehicle (PV) divisions into two separate entities, its shares have surged by over 7% to hit an all time high of Rs. 1,065.60 in today's session.
05 Mar 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, BNB
Bitcoin has climbed 5.86% in the past 24 hours to trade at $67,383.52. Compared to last week, it is 21% up.
05 Mar 2024
Elon MuskEx-Twitter CEO Parag Agrawal, others sue Musk over unpaid severance
Elon Musk is facing a lawsuit filed by four former Twitter executives, including ex-CEO Parag Agrawal, for not paying over $128 million in severance payments after they were fired.
05 Mar 2024
Elon MuskJeff Bezos dethrones Elon Musk as world's richest person
Elon Musk has been dethroned as the world's richest person by Amazon founder Jeff Bezos.
04 Mar 2024
Unified Payments Interface (UPI)UPI accounts for 80% of digital payments in India: RBI
Shaktikanta Das, Governor of the Reserve Bank of India (RBI) has announced that Unified Payments Interface (UPI) now accounts for nearly 80% of digital payments in India.
04 Mar 2024
AppleApple fined $2 billion by EU antitrust regulators: Here's why
Apple has been fined €1.84 billion (around $2 billion) by the European Union (EU) antitrust regulators due to its App Store policies, following a complaint by Spotify.
04 Mar 2024
Tata Motors LtdTata Motors's demerger to split commercial and passenger vehicle businesses
Tata Motors has announced its plan to split its commercial vehicle (CV) and passenger vehicle (PV) businesses into two separate listed entities.
04 Mar 2024
Bharat Heavy Electricals Limited (BHEL)BHEL shares reach 12-year high: What's fueling the impressive rally
Stocks of Bharat Heavy Electricals Limited (BHEL) surged over 14% today, reaching a 12-year high of Rs. 269.45 on the National Stock Exchange.
04 Mar 2024
Stock MarketSensex closes near 73,900 points, Nifty settles at all-time high
On Monday, the stock market ended flat but in green. Sensex settled at 73,872.29 points, while the Nifty stood at 22,405.6 points, a new all-time closing high.
04 Mar 2024
Stock MarketIndia now allows betting on weather conditions: What it means
The Indian government has broadened the range of commodities allowed for derivatives trading, adding items such as weather, cement, and skimmed milk powder to the list.
04 Mar 2024
Gross Domestic ProductMoody's raises India's GDP growth forecast for 2024 to 6.8%
Moody's Investors Service has raised India's GDP growth forecast for 2024 to 6.8%, up from 6.1% predicted in November 2023, due to increased government capital spending and a thriving manufacturing sector.
04 Mar 2024
GoogleUnionized YouTube Music employees axed during ongoing city council meeting
In a surprising turn of events, Google laid off unionized YouTube Music workers in Austin, Texas, during a city council meeting last week.
04 Mar 2024
SmartphonesSamsung, Apple's contract manufacturers to get Rs. 4,400cr under PLI
Apple's three contract manufacturers, along with Samsung and local electronics company Dixon Technologies, are set to receive over Rs. 4,400 crore to meet production targets in FY23 under India's production-linked incentive (PLI) scheme for smartphones.
04 Mar 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has climbed 2.55% over the last 24 hours, trading at $63,632.14. It is 23.49% higher than the previous week.
04 Mar 2024
PaytmPaytm Payments Bank may lose license for flouting RBI's norms
The Reserve Bank of India (RBI) is reportedly contemplating revoking the banking license of Paytm Payments Bank Limited (PPBL).
03 Mar 2024
FlipkartFlipkart launches its own UPI service to boost digital economy
Flipkart has unveiled its Unified Payments Interface (UPI) service, aiming to improve digital payment options for its over 500 million users.
03 Mar 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Tether, Solana
Bitcoin has slipped 0.04% in the past 24 hours to trade at $61,943.72. It is 19.9% higher than the week before.
03 Mar 2024
Sam AltmanSam Altman's net worth crosses $2B; OpenAI isn't the reason
Sam Altman, the founder and CEO of OpenAI, has recently seen his net worth surpass $2 billion, per the Bloomberg Billionaire Index.
02 Mar 2024
PaytmFinance Ministry imposes Rs. 5.49cr fine on Paytm Payments Bank
India's Financial Intelligence Unit (FIU) has slapped Paytm Payments Bank, Paytm's banking division, with a hefty penalty of Rs. 5.49 crore for failing to report illegal monetary transactions through its accounts.
02 Mar 2024
NVIDIANVIDIA surpasses Saudi Aramco, becomes 3rd largest company by m-cap
NVIDIA is now the third-largest company globally by market capitalization, valued at $2.056 trillion, surpassing Saudi Aramco which stands at $2.046 trillion.
02 Mar 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Tether, Solana, BNB
Bitcoin has climbed 0.95% in the past 24 hours, and it is trading at $62,078.43. It is 21.8% higher than last week.
01 Mar 2024
Prevention of Money Laundering Act (PMLA)Paytm Payments Bank fined Rs. 5.49 crore for money laundering
Paytm Payments Bank has been slapped with a Rs. 5.49 crore fine by the Financial Intelligence Unit-India (FIU-IND) for breaching the Prevention of Money Laundering Act (PMLA) obligations.
01 Mar 2024
IndiaFebruary GST collections rise 12.5% YoY to Rs. 1.68L crore
India's finance ministry reported that the goods and services tax (GST) collection for February 2024, reached Rs. 1.68 lakh crore, a 12.5% increase compared to the same period last year.
01 Mar 2024
Elon MuskElon Musk files lawsuit against OpenAI and CEO Sam Altman
Elon Musk has filed a lawsuit against OpenAI, its CEO Sam Altman, and others citing an alleged breach of contract.
01 Mar 2024
Stock MarketSensex scales 1,245 points, Nifty settles at an all-time high
The stock market closed with an upward movement on Friday, as the Sensex and Nifty hit fresh record highs.
01 Mar 2024
Reserve Bank Of India (RBI)Over 97% of Rs. 2,000 notes returned, says RBI
The Reserve Bank of India (RBI) has revealed that over 97% of the Rs. 2,000 notes, which were removed from circulation in May 2023, have been returned.
01 Mar 2024
Vodafone IdeaVodafone-Idea secures $1 billion in equity commitments from anchor investors
Vodafone Idea is making strides in its financial restructuring efforts, having secured over $1 billion (Rs. 8,200 crore) in equity commitments from anchor investors, as it aims to raise Rs. 45,000 crore in equity and debt.
01 Mar 2024
LPG CylinderPrices of commercial LPG cylinders now up by Rs. 25
Starting today (March 1), government-owned oil marketing companies (OMCs) have increased the prices of 19kg commercial LPG gas cylinders by Rs. 25.
01 Mar 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has shed 1.60% over the last 24 hours and is currently trading at $61,475.43. It is 20.03% higher than the previous week.
01 Mar 2024
PaytmPaytm delinked from its payment bank: Here's what it means
The board of directors at Paytm has approved the decision to discontinue inter-company agreements with Paytm Payments Bank Limited (PPBL).
29 Feb 2024
RussiaIndia seeks alternative oil exporters amid US sanctions on Russia
India's crude oil trade with Russia is facing challenges due to stricter enforcement of US sanctions, causing refineries to explore alternative suppliers, as reported by The Economic Times.
29 Feb 2024
IndiaIndia's GDP grows by 8.4% in October-December quarter
The Union Ministry of Statistics and Programme Implementation has revealed the gross domestic product (GDP) figures for the October-December quarter.
29 Feb 2024
OpenAISEC investigates OpenAI's internal communications for proof of misleading investors
The US's Securities and Exchange Commission (SEC) is currently looking into internal messages from OpenAI CEO Sam Altman.
