Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
10 May 2024
PfizerPfizer agrees to settle over 10,000 Zantac cancer lawsuits
Pfizer has reached an agreement to settle more than 10,000 lawsuits that accused the pharmaceutical giant of hiding cancer risks linked to its heartburn medication, Zantac.
10 May 2024
Stock MarketSensex gains 260 points, Nifty settles above 22,050 mark
On Friday, the benchmark Sensex and Nifty indices saw some gains after trading in the red for several sessions.
10 May 2024
Anushka SharmaVirat Kohli-backed Go Digit sets IPO price band at ₹258-272
Go Digit General Insurance, a company supported by Indian cricketer Virat Kohli and actor Anushka Sharma, has announced the price band for its initial public offering (IPO) to be ₹258-272 per share.
10 May 2024
Elon MuskElon Musk may testify again in SEC's Twitter takeover probe
Elon Musk could be called to testify once more in the US Securities and Exchange Commission's (SEC) investigation into his $44 billion acquisition of Twitter.
10 May 2024
United KingdomUK economy exits recession as GDP shows recovery
The United Kingdom has officially come out from its recession, with recent data revealing a 0.6% growth in the economy during the first quarter of the year.
10 May 2024
Cyrus Mistry₹200cr for Tata name: Group firms face increased royalty fee
Tata Sons, the primary holding company of Tata Group, has announced a significant increase in the royalty fee for its operating companies.
10 May 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has climbed 2.16% in the past 24 hours, trading at $62,855.90. It is 5.45% higher than last week.
09 May 2024
BoeingBoeing confirms $200 million cyber extortion attempt in 2023
Boeing, the multinational aerospace and defense corporation, has confirmed being targeted in a $200 million cyber extortion attempt in October 2023.
09 May 2024
Larsen & ToubroL&T joins elite club with ₹2 lakh crore annual revenue
Larsen & Toubro (L&T) has become the sixth private non-financial firm to report a full year revenue of at least ₹2 lakh crore.
09 May 2024
MicrosoftMicrosoft's gaming division prepares for more layoffs after studio shutdowns
Microsoft's Xbox division is reportedly bracing for further job cuts following the recent closure of three of its studios Tango Gameworks, Arkane Austin, and Alpha Dog Studio.
09 May 2024
AppleJohn Ternus could replace Tim Cook as next Apple CEO
As Apple's existing CEO Tim Cook approaches his 64th birthday, speculation about his successor is rife in the tech industry.
09 May 2024
Stock MarketSensex plummets over 1,060 points, Nifty settles below 21,960 mark
On Thursday, the stock market closed on a bearish note as the Sensex slid 1,062.22 points to 72,404.17 points while the Nifty shed 345 points to 21,957.5 points.
09 May 2024
State Bank of India (SBI)SBI's Q4 profit surges 24% to nearly ₹20,700 crore
The State Bank of India (SBI), the nation's top lender, has announced a 24% increase in net profit for the quarter ending March 31, 2024.
09 May 2024
FinanceSula Vineyards shares plummet 8% after Q4 profit declines
Sula Vineyards, India's top winemaker by revenue, saw an 8% drop in its shares on Thursday. At the time of writing, the stock was trading at ₹498.
09 May 2024
AirbnbAirbnb's Q1 2024 profit doubles to $264 million
Airbnb, the San Francisco-based vacation rental platform, has reported a significant increase in its profit for Q1 2024.
09 May 2024
HuaweiUS government bars Intel, Qualcomm from selling chips to Huawei
The United States government has revoked licenses that permitted Intel and Qualcomm to sell chips to Huawei Technologies, per the Financial Times.
09 May 2024
DellDell to track attendance of on-site employees, assign color-coded ratings
Dell, the renowned tech giant, is set to launch a controversial system for tracking its employees' on-site attendance, as reported by The Register.
09 May 2024
ElectionsSensex, Nifty fall for 5th consecutive session: Here's why
India's leading stock market indices, BSE Sensex and NSE Nifty 50, opened in the red for the fifth consecutive session today.
09 May 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has lost 1.58% in the last 24 hours, trading at $61,523.96. It is 7.12% up compared to last week.
08 May 2024
ChinaIndia's consumer market projected to outgrow Germany, Japan by 2026
India is projected to become the world's third-largest consumer market by 2026, surpassing both Germany and Japan, according to a report by UBS.
08 May 2024
Hero MotoCorpHero MotoCorp's Q4 profit rises 18% to over ₹1,000 crore
Hero MotoCorp, India's leading two-wheeler manufacturer, has reported an 18% increase in net profit for the quarter ending March 31, 2024.
08 May 2024
Reserve Bank Of India (RBI)Why India's banking stocks are on a decline
In the wake of the Reserve Bank of India's (RBI) proposed changes to project financing regulations, major banking stocks including HDFC Bank, ICICI Bank, State Bank of India (SBI), and Punjab National Bank have experienced a decrease of up to 9% over the past three days.
08 May 2024
Stock MarketSensex closes at 73,466 points, Nifty settles above 22,300 mark
The stock market on Wednesday ended on a sluggish note, as the Sensex settled at 73,466.39 points and the Nifty stood at 22,302.5 points.
08 May 2024
SolanaFTX has billions more than required to repay bankruptcy victims
FTX, once a leading cryptocurrency exchange, has successfully gathered billions in surplus funds following its November 2022 collapse.
08 May 2024
RedditReddit shares surge 15% as Q1 revenue increases by 48%
Reddit's stock experienced a significant surge of over 15% in after-hours trading following the announcement of its first quarterly earnings since going public last month.
08 May 2024
IndiaHow 5-day workweek for Indian banks will affect consumers
India's banking sector is examining a proposal for a transition to a five-day workweek. Currently, employees work six days a week.
08 May 2024
BitcoinCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, Polygon
Bitcoin has slipped 1.55% in the past 24 hours to trade at $62,527.91. It is 4.46% higher than the week before.
08 May 2024
OYO RoomsOYO reportedly negotiating new funding round at $3 billion valuation
Indian budget-hotel chain start-up, OYO, is in discussions for a funding round, that could decrease its valuation to $3 billion or less, as per TechCrunch.
07 May 2024
Stock MarketSensex slips to 73,511 points, Nifty settles above 22,300 mark
On Tuesday, the benchmark Sensex and Nifty indices witnessed a slump.
07 May 2024
BoeingFAA investigates Boeing over 787 Dreamliner aircraft inspection doubts
The Federal Aviation Administration (FAA) is currently investigating allegations of internal malpractice involving Boeing's 787 Dreamliner aircraft.
07 May 2024
Elon MuskTesla fires more employees in another round of job cuts
Tesla, the electric vehicle giant led by Elon Musk, has announced another round of job cuts affecting staff in the software, services, and engineering departments, according to a report by Electrek.
07 May 2024
Electric CarsJSW Group plans 60,000-ton lithium-ion cell project with Chinese partner
The $23 billion JSW Group is reportedly on the verge of a significant technological partnership with a leading Chinese lithium-ion cell manufacturer.
07 May 2024
BitcoinCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has dropped 1.07% in the past 24 hours to trade at $63,490.59. Compared to last week, it is 0.38% up.
07 May 2024
Bharti AirtelIndia's leading telecom operators prepare for ₹96,317cr 5G spectrum auction
India's top private telecom operators, Reliance Jio, Bharti Airtel, and Vodafone Idea are set to participate in the upcoming 5G spectrum auction valued at ₹96,317.65 crore.
07 May 2024
SoftBank GroupUK startup secures record $1B funding to expand self-driving tech
Wayve, a UK-based startup specializing in self-driving technology, has successfully raised $1.05 billion in a Series C funding round.
06 May 2024
Initial Public Offering (IPO)FirstCry's parent Firm re-files IPO papers with SEBI
Brainbees Solutions Ltd., the parent company of online shopping platform FirstCry, has submitted revised documents for its upcoming initial public offering (IPO) to the Securities and Exchange Board of India (SEBI).
06 May 2024
Unified Payments Interface (UPI)Ghana to embrace India's UPI later this year
India and Ghana are fast-tracking the integration of their respective payment systems, Unified Payment Interface (UPI) and Ghana Interbank Payment and Settlement Systems (GHIPSS).
06 May 2024
Stock MarketSensex closes at 73,895 points, Nifty settles below 22,450 mark
On Monday, the stock market ended on a sluggish note as the Sensex and Nifty indices traded flat.
06 May 2024
Adani GroupAdani Group negotiates $600 million loan for gas subsidiary
Gautam Adani's multinational corporation, Adani Group, is reportedly in talks to secure an offshore loan of approximately $600 million.
06 May 2024
FinanceGodrej family's billion-dollar business restructuring won't attract tax: Here's why
The Godrej Group, a 127-year-old family-owned conglomerate, has recently declared its decision to split into two separate entities.
