Business News
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Exploring agricultural bonds for Indian farmers
Agricultural bonds are financial instruments that provide Indian farmers with a novel mechanism to raise capital for their operations.
Understanding Islamic insurance 'takaful' for Indian consumers
Takaful, or Islamic insurance, adheres to the principles of Sharia law, fostering mutual cooperation and assistance among participants.
Why SEBI has issued a show-cause notice to Adani Group
The Securities and Exchange Board of India (SEBI) has sent a notice to the Adani Group, alleging the conglomerate wrongly classified some investors as public shareholders.
Reliance to build India's biggest private defense plant in Maharashtra
Anil Ambani's Reliance Infrastructure will set up an integrated project for the manufacturing of ammunition, explosives, and small arms in Ratnagiri, Maharashtra.
Netflix shuts down AAA gaming studio. Shift of strategy?
Netflix has confirmed the closure of its AAA gaming studio, Team Blue.
GST hike: Your spa treatments may get costlier soon
The Goods and Services Tax (GST) Council is considering a major overhaul of tax rates.
Zerodha-rival Groww is planning an IPO in India
Leading online trading platform Groww is considering an initial public offering (IPO), its co-founder and CEO, Lalit Keshre, has revealed.
US: EY fires employees for attending 2 training sessions simultaneously
EY, one of the top accounting and auditing firms, has fired a number of US employees for attending two online training sessions at the same time.
Zomato board approves ₹8,500 crore fundraise via QIP
Zomato's board has approved a plan to raise up to ₹8,500 crore via a qualified institutions placement (QIP).
Why RBI has barred Sachin Bansal's Navi Finserv from lending
The Reserve Bank of India (RBI) has cracked the whip on Flipkart founder Sachin Bansal's Bengaluru-based non-bank lender Navi Finserv.
Zomato's Q2 net profit surges by 389% to ₹176 crore
Leading food delivery platform Zomato has reported a whopping jump in its consolidated net profit for the second quarter of FY25.
₹9L crore wiped off: Why Indian stock market crashed today
The Indian stock market witnessed a major crash today with the Sensex and Nifty 50 indices each plummeting over 1%.
Diwali bonus: Haryana firm gifts 15 cars to employees
In a stunning show of employee appreciation, MK Bhatia, the owner and Director of Mits Healthcare in Panchkula, Haryana has gifted 15 cars to his best-performing employees.
SEBI chief Madhabi Puri Buch cleared of misconduct charges: Report
The Indian government has given a clean chit to Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch, following an internal investigation.
FPIs withdraw record ₹82,479 crore from Indian equities in October
Foreign portfolio investors (FPIs) have drastically cut their holdings in Indian stocks this month, marking a major shift in investment trends.
Meet Pam Kaur, HSBC's first female CFO in 160 years
In a historic move, HSBC Holdings has appointed Pam Kaur as its new Chief Financial Officer (CFO).
Paytm reports ₹930cr profit in Q2 after selling ticketing business
Paytm's parent company One 97 Communications Ltd has posted a whopping profit of ₹930 crore for the second quarter ending September 2024.
Hyundai India shares list at 1.5% discount: Should you sell?
Hyundai Motor India's shares debuted on the stock exchanges today, opening at a 1.5% discount to the issue price.
Navigating health insurance sublimits in India
Purchasing health insurance involves more than just comparing premiums and choosing a plan.
Achieving financial independence through mutual funds
Many Indians are working towards the goal of financial independence, aiming to accumulate sufficient wealth to sustain their lifestyle without depending on a regular job.
Indian Rupee hits record low against Dollar: What's fueling downturn?
The Indian Rupee (INR) hit a historic low in its closing value today, ending at 84.0725 against the US Dollar (USD).
Meet 'Continue': A health and wellness venture by Deepinder Goyal
Deepinder Goyal, the co-founder and CEO of Zomato, has announced a new health and wellness venture called "Continue."
WazirX moved $73.63M to global exchanges post-cyberattack, CoinSwitch CEO claims
CoinSwitch CEO and co-founder Ashish Singhal, has alleged that WazirX transferred nearly $73.63 million in user cryptocurrency assets to global exchanges Bybit and KuCoin.
FMCG distributors request Indian regulator to investigate quick commerce platforms
The All India Consumer Products Distributors Federation (AICPDF), India's largest association of retail distributors, has requested Competition Commission of India (CCI) to probe the business practices of Blinkit, Zepto, and Swiggy Instamart.
Memecoins: From internet jokes to beating NASDAQ-listed players
Memecoins, digital currencies inspired by internet humor and online communities, are upending traditional financial growth models.
Blinkit will deliver jewelry in 30 minutes from next year
Blinkit, Zomato's quick commerce platform, is looking to launch a new category of high-value items (like jewelry) with a 30-minute delivery time.
Adar Poonawalla acquires half of KJo's Dharma Productions for ₹1,000cr
In a major development, Adar Poonawalla, the CEO of Serum Institute of India, will be buying a 50% stake in Dharma Productions and Dharmatic Entertainment.
Generative AI start-ups attracted $3.9B investments in Q3 2024
Generative artificial intelligence (AI) start-ups have witnessed a massive rise in venture capital (VC) funding.
Bitcoin surges to 3-month high, nearing $70,000 mark
Bitcoin, the world's largest and most popular cryptocurrency, hit a three-month high of $69,400 today.
Perplexity AI seeks $500 million funding at $8B valuation
Perplexity AI, an artificial intelligence (AI) firm backed by Jeff Bezos and NVIDIA, is reportedly in talks to raise around $500 million in a new funding round.
4 new IPOs to open in mainboard segment next week
India's primary market will see the launch of four new initial public offerings (IPOs) in the mainboard segment next week.
Boeing considering asset sales to strengthen financial position: Report
US aerospace company Boeing is reportedly mulling over selling off assets to strengthen its shaky finances.
Market cap of 4 of India's most-valued firms surges ₹81,151cr
Four of India's top 10 most valued companies saw their combined market capitalization skyrocket last week.
Diwali Muhurat trading session on November 1: Check timings
The National Stock Exchange (NSE) has announced its annual Diwali Muhurat trading session for November 1, 2024.
Swiggy to launch IPO next month, eyes $12.7 billion valuation
Swiggy is gearing up for its initial public offering (IPO) next month, and is eyeing a valuation between $11.7-12.7 billion, insiders told Moneycontrol.
Boeing proposes 35% pay hike, $7,000 bonus to end strike
Boeing has offered a tentative deal to its striking workers in the Seattle area, hoping to end the strike that has continued for over a month.
Ex-OpenAI CTO Mira Murati seeks $100M for new AI venture
Mira Murati, the former Chief Technology Officer (CTO) at OpenAI, is looking for over $100 million in funding for her new artificial intelligence (AI) start-up.
Your health insurance premiums may soon become cheaper
The Group of Ministers (GoM) panel on Goods and Services Tax (GST) has reached a consensus, on some major exemptions pertaining to life and health insurance, as per Moneycontrol.
HDFC Bank's Q2 results: Net profit rises to over ₹16,800cr
HDFC Bank has reported a 5% year-on-year (YoY) increase in its net profit for the second quarter of FY25, reaching ₹16,821 crore.
Karva Chauth to boost India's economy by ₹22,000cr: Here's how
The upcoming festival of Karva Chauth is set to give a major boost to the Indian economy.