Business News
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US Fed reduces rates as Trump's victory brings policy uncertainties
The US Federal Reserve has announced a 25 basis points reduction in interest rates, the second such cut in 2024.
Intel brings back free coffee, tea for employees at offices
Intel has announced the return of free drinks for its employees, a move to lift the spirits of its workforce.
Reliance urges TRAI to reconsider satellite spectrum allocation method
Reliance has once again appealed to the Telecom Regulatory Authority of India (TRAI), asking it to review its decision to allocate satellite spectrum on an administrative basis.
Swiggy IPO closes today: Current GMP signals lackluster debut
The much-anticipated initial public offering (IPO) of Swiggy has entered its third and final day of subscription.
Boeing repays furloughed workers and presses on with job cuts
Boeing's CEO Kelly Ortberg has confirmed that the company will pay its furloughed workers for their lost wages during a recent seven-week strike.
Amazon considers upping Anthropic investment but on one condition
Amazon is said to be considering a major expansion of its investment in OpenAI rival Anthropic.
How Trump's US election win could benefit Elon Musk's companies
Donald Trump's victory in the 2024 US presidential election is poised to significantly benefit Elon Musk and his various enterprises, including Tesla, SpaceX, and Neuralink.
SC upholds DRI's power, ₹20,000cr tax recovery back on track
The Supreme Court of India has reversed its 2021 ruling, restoring Directorate of Revenue Intelligence (DRI) officers' authority to issue recovery notices under the Customs Act, 1962.
ED raids Amazon and Flipkart sellers over money laundering allegations
The Enforcement Directorate (ED) on Thursday conducted nationwide raids on sellers associated with major e-commerce platforms, including Amazon and Flipkart.
FirstCry shares crash 6% as GST department initiates investigation
Shares of Brainbees Solutions, the parent company of popular kidswear brand FirstCry, fell by 5.66% to ₹590 at the closing bell today.
Indian space start-ups set to get ₹1,000cr funding from government
The Indian National Space Promotion and Authorization Centre (IN-SPACe) is gearing up to make its first investment from a ₹1,000 crore venture fund within this fiscal year.
Man placed $30M bet on Trump, won $48M in profit
A French bettor, who goes by the name Theo, has made a jaw-dropping $48 million in profits from Donald Trump's election victory.
Nissan to axe 9,000 jobs, reduces profit forecast by 70%
Japanese automotive giant Nissan has announced a series of cost-saving measures including a major workforce reduction.
Indian rupee hits lifetime low as Trump's win boosts USD
Despite intervention from the Reserve Bank of India (RBI), the Indian rupee (INR) has hit a historic low against the US dollar (USD).
Niva Bupa's ₹2,200 crore IPO now open: Should you subscribe?
Niva Bupa Health Insurance Company, a key player in the health insurance space, has launched its initial public offering (IPO) today.
SC orders liquidation of Jet Airways as revival plan fails
The Supreme Court of India has ordered the liquidation of Jet Airways, bringing an end to a long-standing bankruptcy saga and the battle over the airline's revival.
Simplilearn shuts fresher upskilling, study abroad divisions in profitability bid
Simplilearn, a provider of online professional certification courses, has made drastic changes to its business model.
Truecaller founders step down, passing leadership to Indian business head
Truecaller's co-founders Alan Mamedi and Nami Zarringhalam have announced their decision to step back from daily operations.
Investors lose ₹4L crore as Sensex tanks over 900 points
India's benchmark indices, the Sensex and Nifty 50, witnessed a steep fall today. The downward trend reversed the gains of the previous session.
Billionaire Nikhil Kamath-backed 1% Club lays off 15% workforce
Nikhil Kamath-backed personal finance platform, 1% Club, has announced that it is laying off 15% of its workforce.
NYT tech workers create their own games amid protest
Tech workers from The New York Times, who are currently on strike, have created a series of strike-themed games.
Elon Musk's wealth skyrockets by $21 billion post Trump's victory
Tesla CEO Elon Musk has witnessed a massive spike in his wealth, after Donald Trump won the US presidential election.
Freshworks to lay off 660 employees amid cost-cutting measures
Freshworks, a Nasdaq-listed software-as-a-service (SaaS) company, is set to cut 13% of its workforce. The decision will lead to the loss of around 660 jobs.
Roomba-maker iRobot axes 16% staff in yet another layoff round
iRobot, the company behind the popular Roomba vacuum cleaners, has announced a major cut in its workforce.
Elon Musk-backed Dogecoin soars 25% as Trump wins historic election
Elon Musk's favorite cryptocurrency, Dogecoin, surged a whopping 25% to $0.2068 earlier today.
Understanding Asset Reconstruction Companies in India
Asset Reconstruction Companies (ARCs) play a pivotal role in managing non-performing assets (NPAs) in India's banking sector.
Understanding portable life insurance benefits for Indians
Life insurance is a critical component of financial planning, offering peace of mind and security for the future.
Singapore government is now the largest foreign investor in India
The Singapore government has cemented its place as the largest foreign portfolio investor (FPI) in India, with its sovereign fund's assets now nearly equal to the next two funds combined.
China's yuan, stocks plunge as Trump returns to White House
China's financial markets took a nosedive on Wednesday, with the yuan and stock markets taking a hit.
India's services sector soars in October, hiring at 2-year high
India's services sector has shown remarkable growth in October, after a minor slowdown in September.
RBI Governor says India's digital currency still in 'experimental stage'
Reserve Bank of India (RBI) Governor Shaktikanta Das has reiterated that the Central Bank Digital Currency (CBDC) remains experimental.
SpaceX urges Taiwanese suppliers to relocate amid geopolitical concerns
SpaceX, the American aerospace manufacturer helmed by Elon Musk, has urged its Taiwanese suppliers to move their manufacturing operations out of Taiwan.
Musk will implement THIS change if appointed in Trump's administration
Tesla CEO Elon Musk has said he wants to cut the US government's red tape, if he gets a position in the administration and Republican presidential nominee Donald Trump, who has clinched a historic win.
Sensex soars over 900 points as Trump wins US election
India's benchmark indices, the Sensex and Nifty 50, gained significantly on Wednesday.
'Let that sink in': Elon Musk rejoices as Trump triumphs
Tesla CEO Elon Musk has shared an edited image of himself carrying a sink into the White House's Oval Office, captioning it "Let that sink in."
Mark Cuban congratulates Donald Trump on his historic win
Billionaire entrepreneur Mark Cuban has congratulated Donald Trump, as the latter seems poised to return to the US presidency.
Bid for Swiggy IPO or buy Zomato? Check analyst recommendations
Swiggy has launched its ₹11,327 crore initial public offering (IPO) today. It will be open for subscription till November 8
Amazon CEO says 5-day-office mandate not a disguise for layoffs
Amazon's CEO Andy Jassy has denied claims that the new 5-day office mandate is a "backdoor layoff."
Elon Musk sued over 'fraudulent' $1 million-a-day election giveaway
Elon Musk, the world's richest man, was sued in a proposed class-action lawsuit from registered voters who signed his petition in support of the Constitution.
Perplexity AI nears $500M funding round at $9 billion valuation
Perplexity AI, an artificial intelligence (AI) search engine start-up backed by Amazon founder Jeff Bezos and chipmaker NVIDIA, is on the brink of a major funding round.