Business News
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Bitcoin on a record-breaking rally, now nearing $90,000 mark
Bitcoin, the world's largest cryptocurrency, is on a record-breaking rally, closing in on $90,000.
Zomato, NSE to conduct financial literacy workshops for delivery partners
Zomato has announced a strategic partnership with NSE India to promote financial literacy among its delivery partners.
Amul to launch dairy products in Europe by month-end
India's leading dairy brand Amul will make its debut in the European market by the end of this month.
Indian households earned $1T from stock market in 10 years
Indian households have made a mind-boggling $1 trillion from the stock market over the last decade, by putting only 3% of their balance sheet in equities, a report by Morgan Stanley has found.
Why Indian Rupee has slipped to all-time low against Dollar
The Indian Rupee hit a historic low today, closing at 84.3925 against the US Dollar, breaching its previous record of 84.3875 last week.
Ola Electric close to achieving profitability, says CEO Bhavish Aggarwal
Ola Electric, a major player in India's electric vehicle (EV) space, is moving closer to profitability.
ED to summon Amazon, Flipkart executives over investment law violations
India's Enforcement Directorate (ED) will summon executives of e-commerce giants Amazon and Flipkart, as part of an ongoing probe into alleged foreign investment law violations, according to Reuters.
LG India taps Axis Capital for its upcoming $1.5B IPO
LG Electronics is pushing ahead with its plans to list its Indian unit, with Axis Capital Ltd. now being added to its list of financial partners for the upcoming initial public offering (IPO).
Vedanta to set up semiconductor manufacturing facility in India
Vedanta, India's top mining company, has revealed its intention to invest nearly $500 million (around ₹4,300 crore) in AvanStrate Inc (ASI), its display glass subsidiary.
Vistara-Air India merger: Key changes for Club Vistara members
Vistara will cease operations today, ahead of its full integration with Air India tomorrow.
Why Zomato CEO Deepinder Goyal offered this netizen a job
Zomato recently launched a new feature called 'Food Rescue' to reduce food wastage, and allow customers to buy canceled orders at discounted prices.
Swiggy yet to receive CCI's confidential findings on anti-competitive practices
Swiggy has said that it is still waiting for the confidential details of the Competition Commission of India (CCI)'s findings.
SoftBank set to book $1.87B profit thanks to IPOs
Japanese technology investor, SoftBank Group, is expected to announce a quarterly profit of ¥287 billion ($1.87 billion) today.
Vistara takes to the skies for the last time today
Vistara, a leading player in the Indian aviation sector, will cease operations today. The airline will start operating under the Air India brand from tomorrow.
TSMC halts chip shipments to China following US orders
The US government has ordered Taiwan Semiconductor Manufacturing Company (TSMC) to stop delivering advanced chips to Chinese customers, according to Reuters.
Why Elon Musk picked a Texas court for X-related lawsuits
Elon Musk, the CEO of Tesla and SpaceX, has introduced a new policy that mandates all lawsuits against his social media platform X, to be filed in the Northern District of Texas, The Washington Post reports.
Bitcoin surges past $81,000 mark for the first time
Bitcoin, the world's largest cryptocurrency, has seen a massive spike in value, breaching the $81,000 mark for the first time.
Trump effect: iPhones worth $30B could be made in India
Apple's annual iPhone production in India, which is currently worth about $15-16 billion, could double to over $30 billion in the next two years.
Bitcoin crosses $80,000 mark for first time ever
Bitcoin broke the $80,000 barrier for the first time ever, reaching a peak of $80,071.17 around 5:30 PM IST, as per CoinMarketCap.
Why some Air India pilots are unhappy with Vistara merger
A section of Air India pilots has voiced concern over the disparity in retirement age limits between Air India and Vistara, both of which are owned by Tata Group.
India's coal imports rise 8% in first half of FY25
India's coal imports have seen a sharp increase in the first half of the ongoing fiscal.
India's top 6 firms lose ₹1.55 lakh crore in m-cap
Six of India's top 10 most valuable companies witnessed a massive erosion in market valuation last week, to the tune of ₹1.55 lakh crore.
India gains over 100,000 new crorepati taxpayers in 3 years
India's high-income taxpayer base has grown tremendously over the last decade, with the number of people earning over ₹1 crore in taxable income increasing five-fold.
Swiggy's IPO share allotment today: How to check status online
Bengaluru-based online food and grocery delivery giant Swiggy is expected to finalize its IPO share allotment later today.
FII outflows cross ₹23,000 crore in November first week
Foreign institutional investors (FIIs) have extended their selling spree into November, with outflows amounting to around ₹23,398 crore in the first six trading sessions of the month.
Bitcoin to hit ₹1.5 crore by 2025-end, predicts Standard Chartered
Standard Chartered has predicted a massive jump in the value of Bitcoin and Ethereum by the end of 2025.
NSE IPO: Here's why India's largest exchange is going public
The National Stock Exchange (NSE) plans to launch an initial public offering (IPO) not for the sake of share price discovery but to improve transparency and accountability, as per NSE's Chief Business Development Officer Sriram Krishnan.
Air India shuffles top management ahead of Vistara merger
Ahead of the upcoming merger with Vistara Ltd. on November 12, 2024, Air India has announced major changes in its senior management. Both airlines are subsidiaries of the Tata Group.
TCS cuts bonus pay by 40% on tepid business demand
Tata Consultancy Services (TCS), India's largest IT services company, has slashed the quarterly bonuses of its senior staff, as per a report by Moneycontrol.
Tesla's market cap tops $1 trillion following Trump's election victory
Tesla's shares jumped 8% on Friday, pushing the company's market cap past the $1 trillion threshold.
PM Internship Scheme 2024 registration ends tomorrow: How to apply
The registration window for the PM Internship Scheme 2024 will close on November 10.
India's IPO boom: Record ₹1.19 lakh crore raised in 2024
India's Initial Public Offering (IPO) market has seen a historic surge in 2024, raising an unprecedented ₹1.19 lakh crore.
Ola Electric's Q2 loss narrows to ₹495cr on higher sales
Ola Electric has reported a reduced net loss for the second quarter, which ended in September.
Boeing to face civil trial over 2019 Ethiopian Airlines crash
Boeing is set to face its first civil trial arising from the deadly crash of Ethiopian Airlines Flight 302 in March 2019.
Zomato and Swiggy violated competition laws, favored select restaurants: Report
The Competition Commission of India (CCI) has found that food delivery giants Zomato and Swiggy to have violated competition laws, as per Reuters.
Meta petitions US Supreme Court to dismiss Cambridge Analytica lawsuit
Meta has asked the US Supreme Court to throw out a federal securities fraud lawsuit related to the notorious Cambridge Analytica data breach.
Foreign investors' ownership in Indian stocks declines to 12-year low
Foreign institutional investors (FII) have witnessed a sharp decline in their stake in NSE-listed companies, falling below 16% for the first time in 12 years.
AI may displace 3M jobs, warns Tony Blair's think tank
Artificial Intelligence (AI) could disrupt between one and three million private sector jobs in the UK, a report by ex-UK Prime Minister Tony Blair's think tank has found.
China unveils $1.4 trillion stimulus package to address 'hidden' debt
China has unveiled a five-year CNY 10 trillion ($1.4 trillion) financial plan to tackle the problem of 'hidden' debt in local governments.
Zoho founder criticizes rival Freshworks for layoffs despite being profitable
Indian billionaire and Zoho founder Sridhar Vembu has slammed Freshworks for laying off employees.