Business News
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Mozilla Foundation lays off 30% staff, dismisses advocacy division
The Mozilla Foundation, the non-profit organization behind the Firefox browser, has announced a major layoff.
Bitcoin reaches record high of $75,000 as Trump leads polls
Bitcoin, the world's largest cryptocurrency, has hit a new all-time high, crossing the $75,000 mark.
NVIDIA surpasses Apple to become world's most valuable company
NVIDIA has dethroned Apple to become the world's most valuable publicly-traded company.
Apple plans more investment in Indonesia to lift iPhone ban
Apple is said to be planning to invest nearly $10 million in its Indonesian manufacturing operations.
Paytm's Chief Product Officer quits after company's deal with Zomato
Paytm's Chief Product Officer and Head of Consumer Products, Shreyas Srinivasan, has resigned from his post.
Meta fined $15M in South Korea for collecting sensitive data
South Korea's privacy watchdog has slapped a fine of KRW 21.6 billion ($15 million) on Meta.
Swiggy's ₹11,300 crore IPO opens tomorrow: Should you subscribe?
Swiggy, one of India's leading online food delivery platform, will launch its much-awaited initial public offering (IPO) on November 6.
New York Times tech staff on strike amid US elections
The technology team at The New York Times, one of the leading US newspapers, has gone on a strike on the eve of the presidential elections.
Xiaomi India President Muralikrishnan B resigns
Muralikrishnan B, President of Xiaomi India, has resigned from his leadership position at the leading smartphone brand.
Boeing workers agree to new contract, end nearly 2-month-long strike
Boeing's machinists have voted in favor of a new contract offer, bringing an end to a grueling strike which lasted over 53 days.
NRIs can transfer money to India using UPI: Here's how
Non-Resident Indians (NRIs) can use Unified Payments Interface (UPI) for quick money transfers to India.
Bangladesh rushes to repay debt as Adani Power cuts supply
Adani Power has drastically cut down its electricity exports to Bangladesh over an outstanding debt of over $800 million.
Banks open or closed for Chhath Puja? Check state-wise list
Banks across various Indian states will stay shut for four days in a row from November 7 to November 10, 2024, on account of the Chhath Puja festivities.
Zomato's Deepinder Goyal blames manual typing error for 'future-dated' mushrooms
Zomato CEO Deepinder Goyal has responded to the recent food safety concerns raised after 90 packets of button mushrooms were found in Hyperpure's Hyderabad warehouse with a future packaging date.
Reliance Jio's IPO slated for 2025 with $100 billion valuation
Mukesh Ambani, the head honcho of Reliance Industries, is gearing up for a 2025 initial public offering (IPO) of his telecom venture Reliance Jio.
CarDekho, co-founded by Shark Tank's Amit Jain, plans ₹4,000cr IPO
CarDekho, the online platform for buying and selling cars co-founded by Shark Tank India judge Amit Jain, is said to be in talks with investment banks.
India's manufacturing activity rebounds from 9-month low in October
India's manufacturing sector has staged a remarkable comeback, with the Purchasing Managers's Index (PMI) climbing to 57.5 in October.
Swiggy fined ₹35,000 for inflated delivery fee of ₹103
In a blow to food delivery giant Swiggy, the District Consumer Disputes Redressal Commission in Ranga Reddy, Telangana has ruled against the company for unfair trade practices.
IKEA to pay €6 million to German prisoners: Here's why
Global furniture retailer IKEA has pledged to donate €6 million (₹53 crore) to a government fund to compensate victims of forced labor during Germany's communist era.
China is urging wealthy citizens, firms to pay more taxes
According to a Financial Times report, China is asking its wealthy citizens and companies to "double check" their tax liabilities and pay any dues. The move comes as the world's second-largest economy faces a revenue downturn.
Indian rupee hits lifetime low of 84.10 against US dollar
The Indian rupee has witnessed a sharp fall, hitting an all-time low of 84.1050 against the US dollar today.
Sensex crashes 1,300 points: What's causing the market mayhem today?
The Indian stock market witnessed a major crash on Monday with the Sensex and Nifty indices plummeting by over 1.6% each.
From price band to GMP: All about Niva Bupa IPO
Niva Bupa Health Insurance Company is gearing up to launch its ₹2,200 crore initial public offering (IPO) on November 7.
Meet Gabor Cselle, OpenAI's new executive working on secret project
OpenAI has hired Gabor Cselle, the former CEO and co-founder of Pebble, to work on a confidential project.
Indian start-ups secured $1.1 billion in VC funding in October
Venture capital (VC) funding for Indian start-ups continued its steady flow of over $1 billion for the sixth consecutive month in October, even as it saw an 11% annual decline from last year's $1.245 billion.
Ayushman Bharat ₹5L free insurance: How senior citizens can enroll
Prime Minister Narendra Modi recently launched the Ayushman Bharat health insurance scheme, exclusively for senior citizens aged 70 and above.
Bitcoin ETFs witness significant inflows anticipating Donald Trump's win
Investors are increasingly pouring money into Bitcoin-tracking funds. The trend is fueled by expectations of a second presidential term for Donald Trump, a pro-crypto candidate.
Swiggy IPO faces uncertainty as GMP lowers to 5%
Swiggy, a dominant player in India's online food delivery market, will launch its initial public offering (IPO) on November 6.
Bezos sells more Amazon shares, cashing in $3B this time
Amazon founder Jeff Bezos has sold more than $3 billion worth of shares of his company.
TGI Fridays, restaurant chain that popularized 'happy hour,' seeks bankruptcy
Renowned American restaurant chain TGI Fridays has filed for bankruptcy protection amid the financial toll of COVID-19 and changing dining trends.
Berkshire Hathaway's cash tops $325B as Buffett sells more stock
Warren Buffett's Berkshire Hathaway has posted a record cash reserve of $325.2 billion for Q3 2024.
Judge allows ex-Twitter executives to sue Musk for severance pay
A US judge has allowed former Twitter executives, including ex-CEO Parag Agrawal, to continue their lawsuit against Elon Musk for severance pay.
ICICI credit card charges, benefits are changing from November 15
ICICI Bank cardholders will experience several key changes to their credit card benefits and fees starting November 15, 2024.
Google India's FY24 profit rises to ₹1,425cr, revenue soars 26%
Google India has posted a increase in its profit after tax (PAT) for the fiscal year 2023-24.
Foreign investors pulled out $12 billion from India between April-June
The repatriation of earnings by foreign entities, including portfolio investors and private equity firms, has witnessed a sharp rise in the April-June quarter.
HDFC Bank's UPI services to be unavailable on these days
HDFC Bank has announced that its Unified Payment Interface (UPI) service would be temporarily suspended for two days in November.
Niva Bupa Health Insurance's ₹2,200 crore IPO opens November 7
Niva Bupa Health Insurance Company, one of India's leading private health insurers, has announced its ₹2,200 crore initial public offering (IPO).
Adani halves electricity supply to Bangladesh over unpaid bills
Adani Power Jharkhand Limited (APJL), a subsidiary of Gautam Adani-led Adani Power, has reportedly slashed its electricity supply to Bangladesh by 50%.
Bitcoin founder mystery continues: Is Stephen Mollah real Satoshi Nakamoto?
Stephen Mollah, a flamboyant man with a long gray beard, has just claimed to be the real creator of Bitcoin. He says he is the mysterious Satoshi Nakamoto.
Tips to harness monsoon for budget-friendly gardening
In India, the monsoon season brings abundant rain, revitalizing the parched earth and offering an ideal time for gardening.