Business News
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Hoax bomb threats cost airlines around ₹3 crore per incident
A recent wave of hoax bomb threats is putting a huge financial strain on airlines, with each false alarm costing over ₹3 crore.
Kotak Mahindra Bank's Q2 profit rises 5% to ₹3,344 crore
Kotak Mahindra Bank has reported a standalone profit after tax (PAT) of ₹3,344 crore, for the quarter ending September 2024.
Karnataka mulls 1-2% transaction fee on Zomato, Swiggy, others
The Karnataka government is mulling a 1-2% transaction fee on aggregator platforms like Zomato, Swiggy, Flipkart, Amazon, Ola, Uber, Dunzo, Zepto, Urban Company (UC), and more.
Microsoft eyes significant stake as OpenAI transitions to for-profit company
Microsoft is in high-stakes talks with OpenAI over the tech giant's equity stake, as the artificial intelligence (AI) firm prepares to become a for-profit company from a non-profit.
Vistara in-flight experience to continue post-merger with Air India
As the merger between Vistara and Air India nears completion, passengers have expressed concerns about the future of Vistara's renowned hospitality standards.
Ratan Tata's will: Half-sisters, close friend among chosen executors
Former Tata Group chairman Ratan Tata has appointed his half-sisters Shireen and Deanna Jejeebhoy, close friend Mehli Mistry, and lawyer Darius Khambata as executors of his will.
Ed-tech unicorn Eruditus secures $150M from SoftBank, Chan Zuckerberg Initiative
Mumbai-based edtech unicorn Eruditus, which offers online courses from international universities, has raised another $150 million.
'Came for father's treatment': Byju Raveendran dismisses Dubai relocation rumors
Byju Raveendran, the founder of ed-tech start-up BYJU'S, has denied rumors of his move to Dubai.
Zomato considers raising ₹8,500 crore through institutional share sale
Leading food delivery platform Zomato is scheduled to hold a board meeting on October 22.
Gold prices skyrocket to record high: What's fueling the surge
Gold prices have skyrocketed to an all-time high, crossing $2,700 per ounce for the first time on Friday.
Meta fires 24 for misusing meal vouchers on toothpaste, detergent
Meta, the parent company of Facebook and Instagram, has fired some 24 employees for misusing its $25 meal credit system, according to Financial Times.
China's Q3 economic growth slows down, misses government's 5% target
China's economy has grown at its slowest pace since early 2023, latest data from the National Bureau of Statistics showed.
Hyundai Motor India IPO: How to check allotment status online
The share allotment status for Hyundai Motor India's initial public offering (IPO) will be finalized today.
Intel lays off over 2,000 employees in the US
California-based global chip giant Intel has announced plans to lay off over 2,000 employees across multiple US states.
Nokia lays off 2,350 employees, China team worst hit
Telecommunications giant Nokia has confirmed the termination of nearly 2,000 jobs in Greater China as part of its ongoing cost-reduction strategy.
Hyundai India IPO subscribed 200% but GMP sinks below 1%
Hyundai Motor India's initial public offering (IPO) has been fully subscribed on the last day of bidding.
Infosys Q2 net profit rises to ₹6,506 crore, misses estimates
Infosys has posted a 2.2% sequential rise in its net profit for the second quarter of FY25 at ₹6,506 crore. However, the number was below market expectations.
IRCTC shares plummet as Indian Railways cuts advance reservation period
Shares of the Indian Railway Catering and Tourism Corporation (IRCTC) plummeted after the Indian Railways decided to cut the advance reservation period for bookings.
How Indian-origin entrepreneur Jyoti Bansal turned 400 employees into millionaires
Jyoti Bansal, a successful Indian-American entrepreneur, became a center of attention after selling his software company, AppDynamics, to Cisco for a staggering $3.7 billion.
Qualcomm's delays Intel acquisition plans until US election: Here's why
Qualcomm has delayed its plans to acquire parts of Intel's design business, until after the US presidential election in November 2024.
Zepto eyes $100M in third fundraising effort in 6 months
Quick commerce leader Zepto is seeking a further $100 million in funding, according to TechCrunch.
Gold prices surge amid global tensions, falling US treasury yields
Gold prices experienced a rise in the domestic futures market today, defying expectations and reversing a recent downward trend.
Leading auto shares witness steepest decline in 2-years: Here's why
Shares of leading two-wheeler manufacturers, Hero MotoCorp, Bajaj Auto, and TVS Motor Company, have taken a major hit.
Apple's Chief People Officer is departing after a short tenure
Apple's Chief People Officer Carol Surface is leaving the company after less than two years in her position, reported Bloomberg, citing people familiar with the matter.
Vi to launch 5G services in India by March 2025
Vodafone Idea (Vi) has detailed plans to launch 5G services in 17 circles across India by March 2025, starting with Delhi and Mumbai.
Meta implements fifth round of layoffs in 2 years
In a fresh wave of layoffs, Meta, the parent company of popular social media platforms like WhatsApp and Instagram, has started cutting jobs across departments.
Why X need not share data with rivals in Europe
Elon Musk's social media platform, X, has been excluded from the European Union's Digital Markets Act (DMA) regulation.
Hyundai India IPO: Subscription rate goes up but GMP declines
Hyundai Motor India's initial public offering (IPO) has received a 42% subscription on the second day of bidding.
Win for Musk as Modi government to allocate satellite spectrum
The Indian government has opted to allocate, not auction, its satellite broadband spectrum.
Tips to streamline expenses with subscription management
In today's digital age, subscriptions have become an integral part of our lives, encompassing everything from streaming services to software tools.
Simplifying home loan overdrafts for Indian homebuyers
Navigating the world of home loans can be daunting for many homebuyers in India.
Harnessing Diwali bonus wisely for financial growth
The festive season in India not only brings joy and celebrations but also the awaited Diwali bonus for many employees.
India's gold reserves surge over 210% in 6 years
India's gold reserves have jumped by a whopping 211% since Shaktikanta Das took over as RBI governor in December 2018.
Zerodha announces $1M fund to back open-source projects globally
Zerodha's Chief Technology Officer, Kailash Nadh, has announced the establishment of a $1 million annual fund.
Airbus to slash 2,500 jobs in defense and space division
European aviation giant Airbus is gearing up to cut as many as 2,500 jobs from its defense and space unit.
Microsoft settles lawsuit with CoD gamers over Activision Blizzard acquisition
Microsoft has managed to settle a lawsuit from a group of gamers, who wanted to block the tech giant's $69 billion acquisition of video game publisher Activision Blizzard.
India's trade deficit sinks to 5-month-low of $20.8B in September
India's trade deficit has sharply declined to a five-month low of $20.8 billion in September, from $29.7 billion in August, data released today showed.
Bhavish Aggarwal-led Krutrim AI's business head Ravi Jain steps down
Ravi Jain, the business head of artificial intelligence (AI) start-up Krutrim AI, has resigned after a three-year-long stint.
Government announces 3% DA hike for 1 crore employees, pensioners
The Union Cabinet, headed by Prime Minister Narendra Modi, has approved a 3% hike in the dearness allowance (DA) ahead of Diwali.
Ratan Tata 'great son of India,' mentored Akash: Nita Ambani
Nita Ambani, the Founder and Chairperson of Reliance Foundation, paid a heartfelt tribute to the late Ratan Tata at Reliance Industries' annual Diwali dinner.