Business News
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Bank of Maharashtra tops public sector banks in FY24 growth
Bank of Maharashtra has outpaced other public sector banks in total business and deposit growth, for the fiscal year (FY) 2024.
FPIs withdraw ₹28,200 crore from Indian equities amid election uncertainty
Foreign portfolio investors (FPIs) have pulled out a significant ₹28,242 crore from Indian equities this month (till May 17).
OpenAI CEO Sam Altman expresses discomfort with newfound fame
Sam Altman has voiced his unease with the loss of anonymity that has come with his rising fame.
Stock market prepares for busy week with new IPOs, listings
The primary market in India is bracing for a bustling week with two initial public offerings (IPOs), amid the ongoing general elections.
M-cap of 8 top Indian firms skyrockets ₹1.48 lakh crore
Eight of the top-10 most valued companies in India experienced a significant surge in their market capitalization last week, collectively adding ₹1,47,935.19 crore.
Expedia ousts 2 top executives over 'violation of company policy'
Expedia Group, a leading travel booking company, has confirmed the dismissal of two of its top executives.
Tata Motors Group boosts investment for new products to ₹43,000cr
Tata Motors Group has announced a significant increase in its investment outlay for the fiscal year 2025 (FY25), raising it to ₹43,000 crore.
Cryptocurrency prices: Check today's rates of Bitcoin, Dogecoin, Tether, Ethereum
Bitcoin has risen by 0.36% over the last 24 hours to now trade at $67,146.64. It is up 9.93% from last week.
OpenAI workers have to sign NDA banning all company criticism
OpenAI has been discovered to impose a highly restrictive nondisclosure agreement (NDA) on its staff, as reported by Vox.
Padma Bhushan awardee banker Narayanan Vaghul, passes away at 88
Narayanan Vaghul, a transformative figure of Indian banking and former Chairperson of ICICI Bank, passed away at the age of 88 in Chennai.
Singapore Airlines to give staff 8-month salary as bonus
Singapore Airlines is preparing to reward its employees with a bonus equivalent to eight months of their salary.
DPIIT Secretary encourages Indian industries to prepare for lower tariffs
Rajesh Kumar Singh, the Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), has encouraged India's domestic industry to anticipate a lower tariff regime in the future.
Today's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has risen by 2.06% over the last 24 hours to trade at $66,871.08. It is up 10% from last week.
Vodafone Idea to begin 5G rollout around Diwali
Vodafone Idea (Vi) has unveiled plans to initiate its 5G rollout in about six months, possibly around Diwali, which falls on November 1.
Sensex gains over 250 points, Nifty ends above 22,460 mark
On Friday, the benchmark Sensex and Nifty indices showed an upward trend.
Mahindra & Mahindra's stock jumps 8% to all-time high
Mahindra & Mahindra (M&M) shares saw a significant surge on Friday, rallying up to 7.7% to hit a new high of ₹2,554.75.
Vodafone Idea's losses in Q4 increase 19.5% to ₹7,675 crore
Vodafone Idea (Vi) has reported a year-on-year increase in losses of 19.5% for the last quarter of fiscal 2024, amounting to ₹7,674.6 crore compared to ₹6,418.9 crore in the same period last year.
Cryptocurrency prices: Here are rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has lost 0.58% in the last 24 hours, trading at $65,521.10. It is 4.23% up compared to the previous week.
UN raises India's 2024 GDP growth forecast to 6.9%
The United Nations (UN) has updated its economic growth projections for India in 2024, predicting a nearly 7% expansion, an increase from the previous forecast of 6.2% made in January.
Reddit stock surges 11% on new AI partnership with OpenAI
Reddit has announced a strategic partnership with artificial intelligence firm OpenAI, leading to an 11% surge in the social network's shares during late trading.
Dow Jones soars past 40,000 for the first time ever
The Dow Jones Industrial Average achieved a historic milestone on Thursday as it crossed the 40,000 level for the first time.
Crypto heist: MIT grads steal $25M in 12 seconds
Massachusetts Institute of Technology (MIT) graduates, Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, have been apprehended by federal prosecutors in Manhattan.
HAL's Q4 profit soars 52% to over ₹4,300 crore
Hindustan Aeronautics Limited (HAL), a leading defense PSU, has announced its consolidated net profit for the quarter ending March 31, 2024.
Sensex gains over 670 points, Nifty settles above 22,400 mark
On Thursday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.
Microsoft asks China-based staff to relocate amid escalating US-Sino tensions
According to The Wall Street Journal, Microsoft has proposed a relocation plan for approximately 700 to 800 of its China-based employees.
India awards tenders for 412,000 tons of green hydrogen production
India has taken a significant step toward green energy by awarding tenders for the establishment of 412,000 tons of green hydrogen manufacturing and 1.5 gigawatts (GW) of electrolyzer manufacturing capacity.
Raspberry Pi, maker of minicomputers, plans IPO for business expansion
British minicomputer manufacturer, Raspberry Pi, has announced its intention to file for a US stock market listing.
Today's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has climbed 6.34% over the last 24 hours, trading at $65,823.58. It is 6.97% higher than the previous week.
Anthropic appoints Instagram co-founder Mike Krieger as Chief Product Officer
AI startup Anthropic has appointed Mike Krieger, co-founder of Instagram and personalized news app Artifact, as its first Chief Product Officer.
US consumer inflation slows, boosting prospects for interest rate cut
Consumer prices in the US rose less than expected in April, signaling a return to the downward inflation trend at the beginning of Q2.
Why foreign investors are holding short positions on Indian stocks
Foreign investors have demonstrated an unprecedented level of pessimism toward Indian stocks, the highest in over a decade, as per Bloomberg.
SEBI simplifies KYC norms for mutual fund investors
The Securities and Exchange Board of India (SEBI) has eased the Know Your Customer (KYC) norms to streamline the risk management framework.
LIC receives 3-year extension to meet public shareholding norms
The Securities and Exchange Board of India has granted the Life Insurance Corporation of India (LIC), the country's largest life insurer, a three-year extension to meet the 10% public shareholding requirement.
India's April trade deficit rises to $19B on lower exports
India's merchandise trade deficit has expanded to $19.1 billion in April, as reported by Commerce Secretary Sunil Barthwal.
Sensex closes at 72,987 points, Nifty settles at 22,200 mark
The stock market closed on a negative note on Wednesday.
Apple foiled fraudulent transactions worth over $1.8 billion in 2023
Apple has successfully thwarted over $1.8 billion in potentially fraudulent transactions on its App Store during 2023.
SBI announces increase in fixed deposit interest rates: Check updates
The State Bank of India (SBI) has declared a hike in its fixed deposit (FD) interest rates for certain tenures on retail deposits up to ₹2 crore.
Virat Kohli-backed Go Digit raises $141M funding as IPO opens
Indian insurance startup, Go Digit, has successfully secured $141 million from a group of investors as its initial public offering (IPO) opens today.
Cryptocurrency prices: Check rates of Bitcoin, Ethereum, Solana, Dogecoin, BNB
Bitcoin has lost 1.19% in the last 24 hours, trading at $61,897.42. It is down 1.15% from last week.
Hero MotoCorp's market valuation crosses ₹1 lakh crore
Hero MotoCorp, the two-wheeler manufacturing giant, saw a significant surge in its market valuation on Tuesday, surpassing the ₹1 lakh crore mark for the first time.