Business News
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20 Mar 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Solana, BNB, Dogecoin
Bitcoin has dropped 6.18% in the past 24 hours and is trading at $61,148.21. Compared to last week, it is 15.12% down.
20 Mar 2024
Saudi ArabiaSaudi Arabia plans $40B fund to invest in artificial intelligence
Saudi Arabia is reportedly preparing to set up a $40 billion fund dedicated to artificial intelligence (AI) investments.
20 Mar 2024
Deepinder GoyalZomato drops green uniforms for 'pure veg' fleet after criticism
Zomato's CEO Deepinder Goyal has declared that the company would not proceed with its plan to differentiate its 'pure veg' delivery personnel by dressing them in green uniforms.
19 Mar 2024
IndiaIndia's exports on track to hit $450B in ongoing fiscal
Ashwani Kumar, the president of the Federation of Indian Export Organisations (FIEO), has projected that India's merchandise exports could hit a staggering $450 billion by the close of this fiscal year.
19 Mar 2024
Securities and Exchange Board of IndiaDMart welcomes former SEBI chief CB Bhave as new chairperson
Avenue Supermarts Ltd., the company that owns the DMart retail chain, has announced the appointment of Chandrashekhar B. Bhave as its new chairman.
19 Mar 2024
Layoff NewsUnilever to separate ice cream business, layoff 7,500 employees
British FMCG giant Unilever has announced plans to separate its ice cream division, home to well-known brands such as Ben & Jerry's and Magnum.
19 Mar 2024
Adani GroupAdani Green responds to US investigation but denies involvement
Adani Green Energy has acknowledged a US investigation into possible breaches of anti-corruption laws by an unidentified 'third party.'
19 Mar 2024
Stock MarketSensex tanks over 730 points, Nifty settles near 21,800
On Tuesday, the benchmark Sensex and Nifty indices witnessed a fall.
19 Mar 2024
Go FirstSpiceJet, Busy Bee raise Go First bid to Rs. 1,800cr
A consortium spearheaded by Ajay Singh, head of SpiceJet, and Busy Bee Airways has upped its bid for Go First to Rs. 1,800 crore, Moneycontrol reported.
19 Mar 2024
Initial Public Offering (IPO)Encyclopaedia Britannica aiming for $1 billion valuation in forthcoming IPO
Encyclopaedia Britannica, the publisher of the Merriam-Webster dictionary, is setting sights on a $1 billion valuation for its upcoming initial public offering (IPO), as per Bloomberg.
19 Mar 2024
Layoff NewsDeloitte initiates biggest global overhaul in a decade: Here's why
Deloitte, a titan among the Big Four accounting firms, has set in motion its most significant global overhaul in a decade, as reported by the Financial Times.
19 Mar 2024
StartupsHippocratic AI raises $53 million at a valuation of $500mn
Hippocratic AI, a firm specializing in healthcare-oriented artificial intelligence (AI), has completed a Series A funding round, raising $53 million at a valuation of $500 million.
19 Mar 2024
Layoff NewsWorld's leading solar manufacturer Longi to trim workforce by 30%
Longi, the global leader in solar manufacturing based in China, is poised to eliminate roughly a third of its workforce, as part of an aggressive cost-cutting plan.
19 Mar 2024
ChinaChina Evergrande and its founder accused of $78 billion fraud
Evergrande, the beleaguered Chinese property behemoth, and its founder, Hui Ka Yan are accused of inflating revenues by a staggering $78 billion in two years leading up to the company's debt default.
19 Mar 2024
JapanFor first time in 17 years, Japan increases interest rates
The Bank of Japan (BOJ) has concluded its eight-year-long policy of negative interest rates.
19 Mar 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has dropped 4.22% in the past 24 hours to trade at $65,464.95. Compared to last week, it is 8.84% down.
19 Mar 2024
Elon MuskElon Musk says using ketamine helps manage 'negative chemical state'
In an interview, Tesla's CEO Elon Musk confessed to using prescribed ketamine and asserted its "beneficial impact on investors," as reported by Reuters.
18 Mar 2024
Tata PowerTata to sell TCS shares worth Rs. 9,300cr: Here's why
Tata Sons is set to sell approximately 2.34 crore shares of Tata Consultancy Services (TCS). The proposed deal is valued at around Rs. 9,300 crore.
18 Mar 2024
InsuranceIndia's insurance sector attracted Rs. 54,000cr FDI since 2014
Over the past nine years, India's insurance sector has seen a significant influx of foreign direct investment (FDI), totaling nearly Rs. 54,000 crore.
18 Mar 2024
International Monetary FundPakistan fixes interest rate at 22% as inflation nears 33%
In an attempt to combat alarming inflation rate of 32.89%, Pakistan's central bank has decided to keep its primary interest rate steady at 22% for sixth fiscal term in a row.
18 Mar 2024
Morgan StanleyIndia's growth unlikely to match China's historic levels: Morgan Stanley
Morgan Stanley's Chief Asia Economist, Chetan Ahya, suggests that India may not match China's historic growth rates of 8-10%.
18 Mar 2024
StartupsIndian start-ups likely to secure $8-12B funding in 2024
Rajan Anandan, the managing director of venture capital firm Peak XV, anticipates that Indian start-ups are on track to garner between $8 and $12 billion in funding this year.
18 Mar 2024
Securities and Exchange Board of IndiaT+0 trade settlement in India soon: Why it matters
India is on the brink of a stock trading sector revolution with the introduction of the T+0 trade settlement cycle.
18 Mar 2024
Indian GovernmentIndian government close to finalizing deep tech start-up policy
The Indian government is establishing a dedicated policy to foster the growth of deep technology start-ups, as per Rajesh Kumar Singh, Secretary of the Ministry of Commerce and Industry.
18 Mar 2024
InfosysNarayana Murthy gifts 4-month-old grandson Infosys shares worth Rs. 240cr
Narayana Murthy, founder of Infosys, has gifted the company's shares worth over Rs. 240 crore to his four-month-old grandson, Ekagrah Rohan Murty.
18 Mar 2024
Stock MarketSensex gains 105 points, Nifty settles above 22,050
On Monday, major indices of the stock market ended flat but in the green.
18 Mar 2024
Adani GroupWhy all Adani stocks are trading in red today
In a major setback to Adani Group, all 10 companies that are part of conglomerate have experienced a rout on stock market.
18 Mar 2024
AustraliaUber pays $178M to settle conflict with Australian taxi drivers
Uber has agreed to a pay $178 million to resolve a long-standing disagreement with taxi and private hire car drivers in Australia.
18 Mar 2024
ChinaIndia is now the third-biggest smartphone exporter to US
India's smartphone shipments to the United States have witnessed a remarkable upswing, hitting $3.53 billion between April-December of this fiscal year, per government data.
18 Mar 2024
Binny BansalFlipkart co-founder Binny Bansal invests additional Rs. 200cr in Curefoods
Flipkart co-founder Binny Bansal, through his fund Three State Ventures, has increased his investment in cloud kitchen start-up Curefoods by Rs. 200 crore.
18 Mar 2024
CryptocurrencyToday's cryptocurrency prices: Check Bitcoin, Ethereum, Dogecoin, Tether rates
Bitcoin has climbed 3.08% over the last 24 hours, trading at $68,338.07. It is 0.26% lower than the previous week.
18 Mar 2024
RedditReddit IPO oversubscribed five times: Is a bumper listing expected?
Reddit's initial public offering (IPO) has been oversubscribed between four to five times, as reported by Reuters.
17 Mar 2024
IndiaIndia's retail job applications witnessed 8% rise in 2023
In 2023, retail job applications in India saw an increase of 8% compared to the previous year, as per data from recruitment firm WorkIndia.
17 Mar 2024
IndiaIndia emerges as new toy manufacturing hub for global brands
India's toy industry has seen a significant surge between FY15 and FY23, with exports skyrocketing by 239% and imports dropping by 52%.
17 Mar 2024
Reliance IndustriesReliance leads top 5 firms with significant market cap drop
Over the past week, five of India's top 10 valued companies experienced a combined market capitalization loss of Rs. 2,23,660 crore.
17 Mar 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Dogecoin, Solana, BNB
Bitcoin has slipped 3.43% in the past 24 hours and is now trading at $66,431.13. It is 4.43% lower than the week before.
16 Mar 2024
Stock MarketThis railway stock has gained 1,150% in merely 5 years
Rail Vikas Nigam Limited (RVNL), a public sector railway stock, has seen an impressive growth of 1,150% in nearly five years.
16 Mar 2024
AppleApple loses bid to dismiss stalking allegations linked to AirTags
Apple has failed in its attempt to dismiss a lawsuit that alleges its AirTags are being used by stalkers.
16 Mar 2024
SpaceXSpaceX employees cannot sell stocks if they breach company policies
SpaceX imposes unique conditions on its employees' stock awards, leaked internal documents viewed by TechCrunch have revealed.
16 Mar 2024
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Dogecoin, Tether, BNB
Bitcoin has surged 2.37% in the past 24 hours and is currently trading at $68,833.51. It is up by 0.75% compared to last week.
