Business News
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03 Jun 2024
Stock MarketSensex closes at 76,468 points, Nifty settles above 23,260 mark
On Monday, major indices of the stock market ended in the green.
03 Jun 2024
ChinaChinese fashion giant Shein targets London for record £50B IPO
Chinese online fashion behemoth, Shein, is reportedly readying to file paperwork for the largest ever stock market flotation on the London Stock Exchange (LSE).
03 Jun 2024
Reserve Bank Of India (RBI)India's factory activity slows to 3-month low in May
India's manufacturing activity in May dipped to a three-month low due to intense heatwaves causing reduced working hours, as per a survey by S&P Global.
03 Jun 2024
IndiaIndian Bank announces MCLR hike by 5 basis points
The Indian Bank has declared a rise in its Marginal Cost of Funds-based Lending Rate (MCLR) by five basis points on most tenures.
03 Jun 2024
Bombay Stock Exchange (BSE)SBI enters elite club with ₹8 lakh crore market capitalization
State Bank of India (SBI) has joined the prestigious ranks of Indian companies with a market capitalization exceeding ₹8 lakh crore.
03 Jun 2024
Rupert MurdochWho's Elena Zhukova, business magnate Rupert Murdoch's fifth wife
Rupert Murdoch, the 93-year-old media magnate, married Elena Zhukova, a 67-year-old retired molecular biologist, on Saturday.
03 Jun 2024
Bernard ArnaultElon Musk overtakes Arnault and Bezos as world's richest again
Elon Musk, the founder of Tesla and SpaceX, has become the world's richest person with a net worth of $210.7 billion, according to Forbes Real Time Billionaires list.
03 Jun 2024
AmulAfter Amul, Mother Dairy increases milk prices by ₹2/liter
Mother Dairy, a major milk supplier in the Delhi-NCR region, announced a ₹2 per liter increase in milk prices on Monday.
03 Jun 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has climbed 0.91% over the last 24 hours, trading at $68,394.45. It is 0.58% lower than the previous week.
03 Jun 2024
Bhavish AggarwalOla Electric plans to lay off around 500 employees: Report
Ola Electric, the Bengaluru-based electric two-wheeler manufacturer, is planning to lay off between 400-500 employees in the coming weeks, as per the Economic Times.
03 Jun 2024
BJP GovernmentOver 2,600 points up! Sensex, Nifty surge to record highs
On Monday, Indian equity benchmark indices, Nifty 50 and Sensex, opened at record highs.
02 Jun 2024
IndiaIndia's forex reserves experience $2 billion dip, gold reserves decline
India's foreign exchange reserves have seen a decrease of over $2 billion, settling at $646.673 billion for the week ending May 24, as per data from the Reserve Bank of India (RBI).
02 Jun 2024
Adani GroupLIC's investment in Adani Group companies skyrocket by 51.6%
The Life Insurance Corporation of India (LIC) has seen a significant surge in the value of its investments in Adani Group shares.
02 Jun 2024
Bharti AirtelM-cap of top firms plummet, Reliance Industries suffers major loss
Last week, eight out of the 10 most valued companies in India, saw a significant drop in their combined market capitalization, amounting to a total loss of ₹2,08,207.93 crore.
02 Jun 2024
GSTCBIC empowers senior tax officers for early GST recovery
The Central Board of Indirect Taxes and Customs (CBIC) has authorized Principal Commissioners or Commissioner level officers, to issue directives for early recovery of goods and services tax (GST) dues.
02 Jun 2024
Stock MarketUnderstanding demat and trading accounts: Their differences and functions
Demat and trading accounts are two separate but interconnected entities that play vital roles in the purchase, sale, and holding of securities such as shares and exchange-traded funds (ETFs).
02 Jun 2024
National Payments Corporation of IndiaUPI records 14.04 billion transactions in May, sets new milestone
The Unified Payments Interface (UPI) processed a record 14.04 billion transactions in May.
02 Jun 2024
CryptocurrencyCryptocurrency prices: Here are rates of Bitcoin, Tether, Ethereum, Dogecoin
Bitcoin has climbed 0.21% in value over the last 24 hours, and is now trading at $67,790.81. It is 1.70% lower than the previous week.
01 Jun 2024
Central GovernmentCentral government hikes gratuity limit for employees by 25%
The Indian government has raised the gratuity limit for its employees by 25%.
01 Jun 2024
BitcoinJapanese crypto exchange suffers Bitcoin theft worth $305 million
Japanese cryptocurrency exchange platform, DMM Bitcoin, has confirmed a significant cyber theft.
01 Jun 2024
MicrosoftMicrosoft close to resolving EU antitrust complaint through settlements
Microsoft is reportedly nearing an agreement with the Amazon-backed cloud lobby, Cloud Infrastructure Services Providers in Europe (CISPE), to withdraw an antitrust complaint filed with the European Commission.
01 Jun 2024
Securities and Exchange Board of IndiaSEBI's rule mandates top firms to address market rumors
The Securities and Exchange Board of India (SEBI) has introduced a new rule requiring the top 100 listed firms by market capitalization, to confirm, deny, or clarify any market rumors reported in mainstream media within 24 hours.
01 Jun 2024
CryptocurrencyCryptocurrency prices: Here are rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has lost 1.09% of its value in the last 24 hours, and is now trading at $67,575.87. It is down by 1.71% from last week.
India's GDP exceeds expectations with 7.8% growth in Q4
India's gross domestic product (GDP) has surpassed analysts' predictions, registering a growth of 7.8% in the final quarter of FY24, as per data from the Ministry of Statistics and Programme Implementation (MOSPI).
31 May 2024
BoeingBoeing pledges significant changes to restore trust and improve quality
Boeing, the beleaguered aircraft manufacturer, has vowed to make significant changes in its manufacturing operations.
31 May 2024
South KoreaSouth Korean business tycoon to pay record $1B divorce settlement
South Korean business magnate Chey Tae-won has been ordered by the Seoul High Court to pay his ex-wife, Roh So-young, a whopping 1.38 trillion Korean won (KRW) or nearly $1 billion, in cash.
31 May 2024
InsuranceJioFinance app debuts with UPI, digital banking, bill payment services
Reliance-owned Jio Financial Services Ltd has announced the beta launch of its new 'JioFinance' app.
31 May 2024
Stock MarketSensex ends above 73,960 points, Nifty settles at 22,530 mark
On Friday, the benchmark Sensex and Nifty traded flat. While the Sensex rose 0.10% to close at 73,961.31 points, the Nifty jumped 0.19% to end the day at 22,530.70 points.
31 May 2024
BlinkitZomato shares tank 5% following Macquarie's downbeat forecast
Zomato, a leading food delivery platform in India, experienced a more than 5% drop in its share price on Friday.
31 May 2024
Adani GroupPaytm shares hit upper circuit for third consecutive day
One97 Communications, the parent company of Paytm, saw its shares surge to a 5% upper circuit for the third straight session on Friday morning.
31 May 2024
Reserve Bank Of India (RBI)RBI repatriates gold reserves from UK, first move since 1991
The Reserve Bank of India (RBI) has successfully transferred a substantial amount of gold, exceeding 100 tons, from the United Kingdom to its vaults in India.
31 May 2024
AMDUS extends chip export restrictions to Middle East
The US Commerce Department has broadened its chip export restrictions, initially aimed at China and several other foreign adversaries, to now include a large portion of the Middle East.
31 May 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has surged 0.55% in the past 24 hours to trade at $68,515.34. It is 1.29% up compared to last week.
31 May 2024
AppleApple, OpenAI ink billion-dollar AI deal: ChatGPT to power Siri?
Apple has sealed a billion-dollar deal with OpenAI, the creator of ChatGPT, according to The Information.
30 May 2024
IRDAIHealth insurance cashless claims to be settled in 3-hours: IRDAI
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a new master circular to expedite health insurance cashless claims settlement.
30 May 2024
Stock MarketSensex falls over 600 points, Nifty settles below 22,500 mark
On Thursday, the stock market witnessed a downward trend as the Sensex and Nifty indices closed on a negative note.
30 May 2024
Ritesh AgarwalOYO achieves first profitable year with ₹100cr gains in FY24
Travel tech platform OYO has reported its first profitable fiscal year in 2023-24, recording a net profit of nearly ₹100 crore, as revealed by founder Ritesh Agarwal on social media.
30 May 2024
TikTokShark Tank's Kevin O'Leary launches crowdfunding campaign to acquire TikTok
Kevin O'Leary, a star of the reality TV show Shark Tank has expressed interest in acquiring popular social media app TikTok.
30 May 2024
Indian EconomyRBI's balance sheet grows by 11% to nearly ₹70.5L crore
The Reserve Bank of India (RBI) has reported an 11.08% increase in its balance sheet size for FY2024, reaching ₹70.48 lakh crore as of March 31.
30 May 2024
PhonePePhonePe now offers loan for bike, car, home, gold, education
PhonePe, a digital payments firm backed by Walmart, has introduced a range of secured lending products on its platform.
