Business News

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25 Aug 2024

Indian Government

Modi government's pension expenditure to surge by double-digits in FY26

The Indian government's pension expenditure (excluding defense and railways) is projected to witness a double-digit increase in the fiscal year 2026.

25 Aug 2024

Reliance Industries

Top 9 Indian firms add ₹95,522 crore to market valuation

Nine of India's top 10 most valued firms witnessed a significant increase in their combined market valuation last week.

Nine companies to list this week, aim to raise ₹4,000cr

India's initial public offering (IPO) market is poised for a bustling week with nine companies, including three mainboard listings and six small and medium enterprises (SMEs), set to launch their IPOs.

25 Aug 2024

Cryptocurrency

Today's cryptocurrency prices: Check Dogecoin, Tether, Bitcoin, Ethereum rates

Bitcoin has climbed by 0.36% in the past 24 hours to now trade at $64,189.04. Compared to last week, it is 7.70% up.

25 Aug 2024

Ministry of Finance

Jio Financial Services gets nod to increase foreign investment limit

Jio Financial Services has received authorization from the Department of Economic Affairs, Ministry of Finance, to raise its foreign investment limits.

25 Aug 2024

Zomato

Now schedule food orders on Zomato 2 days in advance

Zomato has introduced a new facility that allows users to schedule their food orders up to two days in advance.

24 Aug 2024

Kolkata

Janmashtami weekend triggers over 16% surge in domestic flight prices

The upcoming long weekend, coinciding with the vibrant festival of Krishna Janmashtami, has triggered a significant increase in domestic airfares.

24 Aug 2024

Mukesh Ambani

Reliance AGM 2024: Date, time, and key expectations

Reliance Industries Limited (RIL), a leading Indian conglomerate, is all set for its 47th Annual General Meeting (AGM).

24 Aug 2024

Startups

Zydus Lifesciences to acquire 50% stake in Sterling Biotech

Zydus Lifesciences has announced its intention to acquire a 50% stake in Sterling Biotech.

24 Aug 2024

Air India Express

Air India Express announces sale with fares starting at ₹1,037

Air India Express has announced a limited-time "Flash Sale" today, offering special fares starting from just ₹1,037.

RBI approves SBI MF's 9.99% stake in Karur Vysya Bank

The Reserve Bank of India (RBI) has approved a proposal by SBI Mutual Fund (SBI MF) to acquire a stake of up to 9.99% in Karur Vysya Bank (KVB), per CNBC-TV18.

24 Aug 2024

Cognizant

Cognizant sues Infosys over alleged theft of trade secrets

Cognizant, a leading information technology (IT) firm, has filed a lawsuit against Infosys in a US federal court.

This auto parts company wants to raise ₹1,811cr via IPO

Carraro India, a leading maker of axles and transmission systems for agricultural tractors and construction vehicles, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

24 Aug 2024

Cryptocurrency

Cryptocurrency prices today: Check rates of Bitcoin, Tether, Ethereum, Dogecoin

Bitcoin has climbed by 5.06% in the past 24 hours to now trade at $63,964.35. Compared to last week, it is 8.01% up.

24 Aug 2024

Amazon India

Now pay 12% less for selling goods on Amazon India

Amazon India has announced a significant reduction in selling fees across various product categories on its platform.

24 Aug 2024

Elon Musk

Musk sets new conditions for X employees to receive stock

Elon Musk, the owner of X, has introduced a new condition for his employees to receive their much-awaited stock grants, as reported by The Verge.

24 Aug 2024

Cryptocurrency

Crypto exchange WazirX to allow INR withdrawals starting August 26

WazirX, a leading cryptocurrency exchange, will permit withdrawals of INR balances from its platform starting August 26.

India's space sector returns $2.54 for every dollar invested: Report

A report titled "Socio-economic impact analysis of Indian space program" has revealed that for every $1 invested in India's space sector, an extra $2.54 has been contributed to the national economy.

23 Aug 2024

Infosys

Government may withdraw $4 billion GST demand from Infosys

The Indian government is considering withdrawing its $4 billion back tax demand from IT behemoth Infosys, according to two government insiders (via Reuters).

23 Aug 2024

Finance

Harnessing the power of micro-investments in India

Micro-investments are transforming the way individuals in the United States approach saving and investing.

23 Aug 2024

Personal Finance

Maximizing credit card rewards in India

Credit cards, when used wisely, can be a powerful tool for managing finances and earning rewards.

23 Aug 2024

Personal Finance

Understanding budget announcements and personal finance

Every year, the Indian government announces its budget, detailing its spending plans.

23 Aug 2024

Adani Group

Adani family plans $3.6B stake sale as group shares surge

The Adani family, led by billionaire Gautam Adani, is planning to raise up to $3.6 billion (around ₹30,000 crore) by selling a portion of its promoter holdings in various Adani Group companies over the next 12-18 months.

23 Aug 2024

Nestle

Nestle CEO Mark Schneider steps down after 8 years

Mark Schneider (58), the Chief Executive Officer (CEO) of Nestle, has announced his resignation after nearly eight years at the helm.

23 Aug 2024

Anil Ambani

Why SEBI has banned Anil Ambani from securities market

The Securities and Exchange Board of India (SEBI) has imposed a five-year ban on industrialist Anil Ambani and 24 other entities, including former top officials of Reliance Home Finance (RHFL).

23 Aug 2024

Cryptocurrency

Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana

Bitcoin has lost 0.12% in the last 24 hours, trading at $60,661.16. It is 4.30% up compared to last week.

23 Aug 2024

Startups

Parth Jindal invests in PadelPark India to boost padel sports

PadelPark India, the country's leading platform for the sport of padel, has raised an undisclosed amount from a clutch of investors, including Parth Jindal.

23 Aug 2024

Cryptocurrency

Donald Trump launches new cryptocurrency platform, 'The DeFiant Ones'

Former US President Donald Trump has announced the launch of a new cryptocurrency platform named 'The DeFiant Ones.'

23 Aug 2024

Deepinder Goyal

Zomato discontinues Intercity Legends service due to poor performance

Zomato, the popular food delivery platform, has announced the immediate discontinuation of its Intercity Legends service.

22 Aug 2024

Finance

Minimizing water bills with smart conservation in India

In India, where water scarcity is a significant concern, managing and conserving water supports environmental sustainability. It also substantially reduces household expenses.

22 Aug 2024

Finance

Navigating Senior Citizen Savings Scheme for Indian retirees

The Senior Citizen Savings Scheme (SCSS) is a government-backed investment option in India. It offers a secure and reliable avenue for retirees to invest their funds.

22 Aug 2024

Finance

Understanding maternity insurance in India

When a family anticipates a new member, financial planning becomes essential.

22 Aug 2024

California

Google, OpenAI ink $250M deal to support newsrooms across California

The Newsom Administration, news publishers, and major tech companies—particularly Google and OpenAI—have struck a deal to block two state bills.

22 Aug 2024

Asia

What makes this Gujarati rural area Asia's richest village

Madhapar, a seemingly ordinary village nestled on the outskirts of Bhuj in Gujarat, India, holds a surprising distinction—it's considered the richest village in Asia.

22 Aug 2024

HDFC Bank

You can now avail loans in 6 minutes on ONDC

The Open Network for Digital Commerce (ONDC) has ventured into the financial services market with a fully digital and paperless credit offering.

22 Aug 2024

Dabur

Dabur expands southward with ₹400cr investment in Tamil Nadu

Dabur India, a prominent player in the Indian FMCG sector, has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government.

22 Aug 2024

PhonePe

PhonePe launches 'Credit Line on UPI' feature: What is it

PhonePe, a leading fintech firm, has introduced a new feature called 'Credit Line on UPI' for its users.

22 Aug 2024

Atlanta

Netflix's newest rival is a brand you wouldn't expect

Chick-fil-A, a well-known fast food chain, is reportedly planning to enter the already saturated streaming market.

22 Aug 2024

App Store

Apple divides App Store team as top executive departs

Apple is undergoing a significant shakeup within its App Store division.

22 Aug 2024

Cryptocurrency

Cryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Solana, BNB

Bitcoin has risen 2.29% over the last 24 hours to trade at $60,737.12. It is up 4.09% from last week.