Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
REInvest 2024: Adani commits ₹4.05L crore to renewable energy projects
The Adani Group has announced a substantial investment of ₹4.05 lakh crore in renewable energy projects, at the 4th Global Renewable Energy Investors Meet & Expo (REInvest) 2024.
SEBI backtracks, will now address protesting employees' concerns 'amicably'
The Securities and Exchange Board of India (SEBI) has withdrawn its previous statement, that attributed recent employee protests against its work culture to "external elements."
After lackluster August, FIIs invest $3.3B in equities this September
Foreign institutional investors (FIIs) have made significant purchases of Indian equities this month, investing a total of $3.3 billion so far.
UPI transaction limit increased to ₹5L lakh for these categories
The National Payments Corporation of India (NPCI) has announced an increase in the transaction limit for certain Unified Payments Interface (UPI) payments, including tax payments.
REInvest: Torrent Power pledges ₹64,000cr investment in renewable energy projects
Torrent Power, a prominent player in the utilities sector, has pledged an investment of over ₹64,000 crore toward renewable energy projects by 2030.
Top 5 IPOs with highest listing day gains in 2024
The year 2024 has seen a surge in initial public offerings (IPOs) by Indian companies, with over 50 new stocks making their debut on the National Stock Exchange of India (NSE).
PM Modi inaugurates REInvest 2024 renewable energy summit in Gujarat
Prime Minister Narendra Modi has inaugurated the fourth edition of REInvest 2024 green energy summit, today in Gandhinagar, Gujarat.
Sensex, Nifty touch new highs amid global market optimism
The BSE Sensex and NSE Nifty 50 reached record-breaking highs today, driven by positive global signals and robust performance in the energy and banking sectors.
Bajaj Housing Finance shares debut at 114% premium
Bajaj Housing Finance made a robust entry into the stock markets today, with its shares debuting at a 114% premium over the initial public offering (IPO) issue price.
Bajaj Housing Finance listing today: What investors need to know
Bajaj Housing Finance is set to make its debut on the stock market today, following a highly successful initial public offering (IPO) that garnered subscriptions worth ₹3.23 lakh crore.
Modi government may form panel to regulate online gaming platforms
The Indian government is considering the establishment of an inter-departmental committee, to regulate online gaming platforms.
Swiggy eyes IPO filing this week, aims to raise $1B
Swiggy, a prominent Indian food delivery platform, is preparing for its domestic initial public offering (IPO) this week, according to Bloomberg.
Boeing workers could continue to strike for better benefits
Boeing is currently facing its first strike in 16 years, as over 30,000 factory workers demand higher wages and an improved pension scheme.
RBI to overhaul currency management infrastructure over next 5 years
The Reserve Bank of India (RBI) has announced plans to significantly overhaul its currency management infrastructure within the next four to five years.
90% of Indian financial institutions prioritize AI for innovation: PwC
A recent report by PwC India, titled 'Mapping the FinTech innovation landscape in India,' reveals that 90% of Indian financial institutions are prioritizing artificial intelligence (AI) and generative artificial intelligence (GenAI).
India seeks South Korean, Japanese investments to boost shipbuilding sector
India is actively seeking investments and technology transfer from South Korea and Japan, with the aim of establishing shipbuilding and ship repair clusters.
US Federal Reserve may announce a rate cut this Wednesday
The US Federal Reserve is preparing to announce its first interest rate reduction in over four years, this Wednesday.
Market cap of top 9 companies jumps ₹2L crore
Nine out of the top 10 most valued Indian companies, experienced a significant increase in their market capitalization last week.
This MF turned a ₹1L investment into ₹15L in 18-years
The DSP Mid Cap Fund, a mutual fund scheme that primarily invests in mid-cap stocks, has demonstrated the power of compounding returns over time.
OpenAI transitioning to for-profit structure: What it means for investors
OpenAI, the renowned artificial intelligence (AI) research lab, is set to undergo a significant transformation in its corporate structure.
GST evasion in India climbs to ₹2.01L crore in FY24
Goods and Services Tax (GST) evasion in India has seen a significant surge, reaching ₹2.01 lakh crore for the fiscal year 2023-24.
Samsung, Xiaomi accused of anti-competitive practices in India
The Competition Commission of India (CCI) has accused major smartphone manufacturers including Samsung and Xiaomi, of violating antitrust laws, according to Reuters.
RBI levies up to ₹23L fines on 3 NBFCs
The Reserve Bank of India (RBI) has imposed monetary penalties on three non-banking financial companies (NBFCs), for regulatory violations and non-adherence to RBI directives.
FPIs invest nearly ₹27,860 crore in Indian equities this September
Foreign portfolio investors (FPIs) have made a significant return to the Indian market this September, by investing a substantial ₹27,856 crore in equities.
LG Electronics taps leading banks for potential $1.5B Indian IPO
LG Electronics, a leading South Korean company, is preparing for the initial public offering (IPO) of its Indian subsidiary. The potential IPO could generate up to $1.5 billion.
India's IPO market to witness 7 new launches next week
India's primary market is set to welcome seven new initial public offerings (IPOs) next week, including two mainboard and five SME segment offers.
Congress alleges SEBI chief Madhabi Buch traded in listed securities
The Indian National Congress has leveled fresh allegations against Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (SEBI).
You can now update Aadhaar for free till December 14
The Unique Identification Authority of India (UIDAI) has extended the deadline for free Aadhaar detail updates to December 14, 2024.
Why is Indian rupee not strengthening despite weakening US Dollar?
The Indian rupee (INR) has remained stable, despite a weakening US Dollar and favorable global factors such as declining crude oil prices, and strong foreign institutional inflows (FII) into India's stock market.
JPMorgan CEO warns US of economic outcome worse than recession
Jamie Dimon, the CEO of JPMorgan Chase, has issued a warning about a potential economic scenario worse than a recession for the US.
23andMe to pay $30M for settling data breach lawsuit
23andMe, a prominent genetic testing company, has agreed to a $30 million settlement following a class action lawsuit.
Why thousands of TCS employees have received tax demand notices
A significant number of Tata Consultancy Services (TCS) employees have received tax demand notices from the Income Tax Department.
Understanding pet insurance in India
In India, pet insurance is becoming popular among pet owners, offering financial protection against unexpected veterinary expenses.
Understanding personal accident insurance in India
Personal accident insurance is a safeguard for individuals against unforeseen incidents that can lead to disability or death.
Unraveling vehicle insurance add-ons for Indian drivers
In India, vehicle insurance is essential for every driver, not only for legal compliance but also for financial security in case of accidents or theft.
Bajaj Housing Finance IPO: GMP signals bumper listing on Monday
Bajaj Housing Finance is set to make its stock market debut on Monday, September 16.
Employees now reach office late and depart early, reveals data
The traditional 9-to-5 work schedule is undergoing a significant transformation, with many employees now preferring a condensed 10-to-4 routine, meaning working hours in offices have unofficially been reduced by two hours.
Bitcoin's 6-figure surge certain regardless of who wins US elections
Cryptocurrency investors are predicting that Bitcoin will reach six figures in the future, regardless of the upcoming US presidential election outcome.
Amazon and Flipkart violated India's competition laws: CCI probe
A recent investigation by the Competition Commission of India (CCI) has revealed that Amazon and Walmart-owned Flipkart, have breached Indian competition laws.
Zomato's train delivery service now available at 100+ stations
Zomato, India's leading food delivery platform, has announced a significant expansion of its train delivery service.