Business News
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30 Apr 2024
TeslaTesla CEO Elon Musk ousts top executives amid falling sales
In a decisive response to dwindling sales, EV maker Tesla's CEO Elon Musk has terminated two senior executives.
30 Apr 2024
WeWorkWeWork finalizes bankruptcy deal, rejects founder Adam Neumann's $650M bid
WeWork, the shared office space provider, has successfully finalized a bankruptcy deal with its creditors.
30 Apr 2024
MetaMeta spent record $7.6 million on lobbying in Q1 2024
Meta has set a new record by spending $7.6 million, on lobbying the US government in the first quarter of 2024.
30 Apr 2024
Electric Vehicles in IndiaBluSmart surpasses ₹500cr ARR, targets 10,000 EV fleet by year-end
BluSmart, a fully electric ride-hailing service provider in India, has achieved an annual run rate (ARR) exceeding ₹500 crore.
30 Apr 2024
PVR InoxPVR Inox reduces ad time on non-luxury screens: Here's why
PVR Inox, India's leading multiplex chain, has strategically decided to reduce the duration of advertisements, shown on its non-luxury screens.
30 Apr 2024
CanadaReliance completes first oil acquisition from Canada's Trans Mountain Pipeline
Reliance Industries has entered a new market, by securing its first oil acquisition from the newly operational Trans Mountain Pipeline in Canada.
30 Apr 2024
Samsung ElectronicsSamsung Electronics Q1 profit soars by 930%, exceeding expectations
Samsung Electronics reported a remarkable 932.8% increase in its operating profit for the first quarter of 2024 (January to March), according to the company's announcement.
30 Apr 2024
Mahindra & MahindraM&M shares reach record high following XUV 3XO launch
Mahindra & Mahindra (M&M) shares experienced a significant surge today, rising over 4% to reach an all-time high of ₹2,152 per share.
30 Apr 2024
GoogleGoogle announces layoffs in Python, Dart, and Flutter divisions
Google, the US tech giant, has confirmed layoffs within its Python, Dart, as well as Flutter divisions.
30 Apr 2024
HSBC BankHSBC CEO Noel Quinn resigns, successor search underway
In a surprising development, Noel Quinn, the Chief Executive Officer of HSBC Holdings Plc, has chosen to step down from his position.
30 Apr 2024
WiproWipro's new CEO Pallia set to earn $6 million annually
Srinivas Pallia, the newly appointed CEO of IT giant Wipro, is set to receive an annual salary of up to $6 million in his first year.
30 Apr 2024
Tata SonsTata Sons buys Temasek's stake in Tata Play for ₹835cr
Tata Sons has increased its stake in Tata Play to 70% by purchasing a 10% stake from Temasek, a Singaporean government-owned investment firm.
30 Apr 2024
BYDBYD reports significant profit and delivery decline amid price war
BYD, a global leader in electric vehicle (EV) production, has reported a decrease in its quarterly profit due to a significant drop in deliveries.
30 Apr 2024
BitcoinToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has climbed 1.29% in the past 24 hours, trading at $63,124.87. It is 5.15% lower than last week.
30 Apr 2024
Elon MuskSupreme Court upholds restrictions on Musk's Tesla-related social media posts
The US Supreme Court has upheld a settlement that mandates Tesla CEO Elon Musk to seek prior approval for certain social media posts about Tesla.
29 Apr 2024
MetaMeta's Oversight Board is preparing for possible staff reductions
Meta's Oversight Board, often referred to as the company's "supreme court," is reportedly preparing for staff cuts, according to The Washington Post.
29 Apr 2024
IndiaIndia's gems and jewelry exports hit 3-year low: Here's why
India's gems and jewelry exports have seen a significant downturn, reaching a three-year low in FY24.
29 Apr 2024
Ola CabsOla Cabs CEO resigns, company to axe 10% of workforce
Hemant Bakshi, the CEO of popular ride-hailing service Ola Cabs, has stepped down from his position.
29 Apr 2024
COVID-19CRISIL forecasts slowest Q4 growth for India Inc since 2021
CRISIL's analysis predicts a sluggish revenue growth of 4-6% for India Inc (top companies of India) between January-March 2024, marking the slowest quarterly growth since the COVID-19 pandemic recovery began in September 2021.
29 Apr 2024
Stock MarketSensex climbs to 74,671 points, Nifty settles above 22,640 mark
On Monday, the benchmark Sensex and Nifty indices saw gains.
29 Apr 2024
Layoff NewsHealthify lays off 150 employees to increase profitability
Healthify, a Bengaluru-based healthtech start-up, has announced the dismissal of approximately 150 employees.
29 Apr 2024
Science and TechnologyPhilips shares soar after $1.1B settlement of sleep apnea-related claims
Philips, a prominent medical equipment manufacturer, witnessed a record 37% surge in its shares in Amsterdam.
29 Apr 2024
ChatGPTOpenAI and Financial Times ink content licensing deal
The Financial Times (FT) has entered into a licensing agreement with artificial intelligence firm, OpenAI.
29 Apr 2024
Initial Public Offering (IPO)BOULT aims to go public with IPO in 2025
Varun Gupta, co-founder of Indian consumer tech brand BOULT, has revealed the company's plans to go public in the upcoming year.
29 Apr 2024
GoogleGoogle lays off entire Python team: Report
Google has laid off its entire Python team, as per the Free Press Journal, which quoted various online sources.
29 Apr 2024
EPFOEPFO assures subscribers of timely interest credit for FY 2023-24
The Employees' Provident Fund Organisation (EPFO) has addressed concerns raised by subscribers of Employees Provident Fund (EPF), regarding delayed interest credit for the fiscal year 2023-24.
29 Apr 2024
Stock MarketIREDA's share price surges over 10% after acquiring 'Navratna' status
The Indian Renewable Energy Development Agency (IREDA) experienced a significant surge in its share price today, with an increase of over 10%.
29 Apr 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has lost 2.12% in the last 24 hours, trading at $62,565.60. It is down 4.74% from the last week.
29 Apr 2024
Ajay SinghGo First's revival prospects dwindle amid valuation dispute
The future of the bankrupt airline, Go First, hangs in the balance as disagreements over its valuation continue to obstruct progress.
28 Apr 2024
IndiaIndia's reliance on Chinese industrial goods at all-time high
India's reliance on Chinese industrial goods, including telecom, machinery, and electronics, has significantly increased over the past 15 years.
28 Apr 2024
ICICI BankSBI, ICICI Bank emerge as top performers in market capitalization
Last week, a significant increase was observed in the combined market capitalization of six out of the ten most valued companies, which rose by ₹1,30,734.57 crore.
28 Apr 2024
IndiaFPIs withdrew ₹6,300 crore from Indian equities in April
Foreign Portfolio Investors (FPIs) have withdrawn ₹6,300 crore from Indian equities in April, according to depository data.
28 Apr 2024
Indian GovernmentAround 450 infrastructure projects encounter cost overruns of ₹5.55 trillion
An Indian government report has disclosed that 448 infrastructure projects, each with an investment of ₹150 crore or more, have experienced a cost overrun.
28 Apr 2024
IndiaHow to avoid capital gains tax on jewelry sale?
India's Income Tax Act, specifically Section 54F, provides a unique tax exemption opportunity for individuals selling jewelry.
28 Apr 2024
IndiaHitachi announces India's first upgradeable ATM: How it works
Hitachi Payment Services has announced a new line of upgradeable Automated Teller Machines (ATMs) in India.
28 Apr 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Dogecoin, Tether, Ethereum
Bitcoin has climbed by 1.29% in the past 24 hours, trading at $63,822.80. It is 1.95% lower than last week.
27 Apr 2024
Indian GovernmentIndia to export 99,500 tons of onions to 6 countries
The Indian government has approved the export of 99,500 tons of onions to six neighboring countries.
27 Apr 2024
Yes BankYes Bank's Q4 net profit jumps 123% to ₹451 crore
Yes Bank, a prominent private sector lender, has reported an impressive 123% increase in its net profit for the fourth quarter (January-March) of the fiscal year 2023-24.
27 Apr 2024
Layoff NewsBored Ape NFT creator announces organizational shift, lays off employees
Yuga Labs Inc, the company behind the popular NFT collection, Bored Ape Yacht Club, is laying off an undisclosed number of employees during a restructuring phase.
27 Apr 2024
CryptocurrencyCryptocurrency prices today: Check rates of Tether, Bitcoin, Ethereum, Dogecoin
Bitcoin has dropped by 1.99% in the past 24 hours, to trade at $63,018.62. Compared to last week, it is 1.90% down.
