Business News
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Finance Ministry proposes 100% FDI in insurance sector
India's Ministry of Finance has proposed to raise the foreign direct investment (FDI) limit in domestic insurance companies from 74% to 100%.
Canada's antitrust watchdog seeks to break up Google's ad-tech business
Canada's Competition Bureau has sued tech giant Google, accusing it of abusing its dominant position in the online advertising space.
NSE down? BSE to the rescue! SEBI announces backup plan
The Securities and Exchange Board of India (SEBI) has directed the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) to serve as alternative trading venues for one another.
Welsh man loses $710M in Bitcoin due to ex-girlfriend's blunder
James Howells, a Welsh man is locked in a legal battle to recover his lost Bitcoin fortune now worth an estimated $710 million.
Sensex plunges over 900 points: What's behind today's market crash
The Indian stock market witnessed losses today, with the BSE Sensex and NSE Nifty both plummeting over 1%.
When will Tesla, Starlink enter India? Piyush Goyal responds
Union Commerce Minister Piyush Goyal has clarified that there are no talks on the possible entry of Elon Musk's companies, Tesla and Starlink, into India.
Microsoft under FTC investigation over antitrust concerns
Microsoft is facing an antitrust probe by the Federal Trade Commission (FTC), Bloomberg reported.
Camera-maker LEICA posts highest revenue in its 100-year history
German camera maker LEICA has announced a record-breaking revenue for the fiscal year (FY) 2024, the highest in its nearly 100-year history.
TSMC's neutrality tested amid escalating US-China tech war
Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest chipmaker and Apple's main supplier since 2014, is caught in the crossfire of the US-China tech war.
OpenAI raises $1.5 billion from SoftBank through tender offer
OpenAI, the leading artificial intelligence (AI) start-up, has bagged a fresh investment of nearly $1.5 billion from Japanese tech giant SoftBank.
IIT Kharagpur graduate's firm is paying ₹1L to do skincare!
Deconstruct, a skincare brand founded by IIT Kharagpur alumna Malini Adapureddy, has launched a one-of-a-kind "Skincare Internship" campaign.
JPMorgan CEO predicts AI will shorten workweek to 3.5 days
JPMorgan's CEO Jamie Dimon has envisioned a future where artificial intelligence (AI) could cut the traditional work week down to just 3.5 days.
Uber One subscription plan launched in India: Check prices, benefits
Uber, the global ride-hailing giant, has launched a new subscription service 'Uber One' in India.
#RussianBankCollapse trends as rouble hits lifetime low against US dollar
The Russian rouble has plunged to its lowest against the US dollar since Russia invaded Ukraine.
Intel gets $7.8B from US government to boost chip production
The US government has awarded Intel a whopping $7.85 billion in CHIPS Act funding, as part of its plan to boost domestic semiconductor manufacturing.
How Donald Trump's Mexico tariffs may hurt Elon Musk's Tesla
Tesla CEO Elon Musk had put the plans for a new gigafactory in Mexico on hold in 2023, pending the outcome of the US presidential election.
Why Vi, MTNL, other telecom stocks surged by 19% today
Telecom stocks in India soared during today's trading session, with some rising as much as 19%.
Moody's turns negative on 7 Adani companies amid bribery allegations
Moody's Ratings has changed its credit rating outlook for seven Adani Group companies from 'stable' to 'negative.'
What Trump's return means for India's $245 billion tech sector
Indian Information Technology (IT) firms are emerging as hot investment picks, thanks to their expected gains from the 'Trump Trade.'
Accounting employee hid over $130M in delivery expenses, says Macy's
Macy's, a leading US department store chain, has disclosed that an employee hid more than $130 million in company expenses over the course of some three years.
After Ford and Harley-Davidson, Walmart rolls back its DEI policies
Walmart, the world's largest retailer, has announced a major rollback of its diversity, equity and inclusion (DEI) policies.
Indian government launches new probe into BYJU'S financial misconduct
The Indian government has launched an investigation into the financial and accounting practices of BYJU'S, the beleaguered online tutoring firm.
BenQ India integrating AI into all products: MD Rajeev Singh
BenQ India is all set to transform its product line by adding artificial intelligence (AI) into all its products, the company's Managing Director Rajeev Singh has revealed.
PAN 2.0 announced: Check what's new and should you apply
As part of its Digital India program, the Indian government has announced the launch of a new initiative, the PAN 2.0.
Buffett's succession plan: How his $147B fortune will be divided
Renowned billionaire investor Warren Buffett has donated over $1.1 billion worth of Berkshire Hathaway stocks to four family charities and foundations on November 25. The act of philanthropy is a part of his Thanksgiving tradition.
HMD Global shifts smartphone production from China to India
HMD Global, the Finnish giant behind Nokia-branded phones, is moving a major chunk of its manufacturing from China to India.
How Trump's new China tariffs may increase iPhone prices globally
President-elect Donald Trump has announced a plan to impose an additional 10% tariff on Chinese imports, effective from the first day of his second term.
Beleaguered German steel giant Thyssenkrupp to slash 11,000 jobs
Germany's largest steelmaker, Thyssenkrupp Steel Europe (TKSE), has announced a major cut in its workforce by 2030.
Billionaire Shashi Ruia, co-founder of Essar Group, dies at 81
Billionaire Shashi Ruia, co-founder of India's multinational conglomerate Essar Group, has died at the age of 81.
RBI Governor Shaktikanta Das hospitalized: Check latest on his health
RBI Governor Shaktikanta Das has been hospitalized at Apollo Hospital in Chennai due to health concerns related to acidity.
HUL to spin off ice cream business into separate entity
Hindustan Unilever Limited (HUL) has announced plans to spin off its ice cream business into a standalone entity.
Counterfeit ₹500 notes up 300% in India over 5 years
The Finance Ministry has revealed a shocking rise in the circulation of counterfeit ₹500 notes in India. In the last five years, there has been a whopping 317% rise in these fake notes.
Indonesia rejects Apple's $100 million investment offer, iPhone ban continues
Indonesia has turned down Apple's proposed $100 million investment, calling it 'unfair.'
TotalEnergies halts new investments in Adani Group amid bribery allegations
French energy conglomerate TotalEnergies has suspended new investments in Adani Group companies after the Indian firm's founder, Gautam Adani, was slapped with bribery charges.
Apple's iPhone production in India crosses $10 billion mark
Apple has hit a major milestone in India, with its iPhone production hitting a freight-on-board (FOB) value of $10 billion between April and October 2024.
Elon Musk's net worth soars to record $347.8 billion
Elon Musk, the world's richest man, has seen his net worth hit an all-time high of $347.8 billion, Bloomberg reported.
Samsung's trouble deepen as its chief faces 5-year jail term
South Korean prosecutors have sought a five-year prison term and a fine of KRW 500 million ($375,000) for Samsung's chief, Jay Y. Lee.
How IndiGo and Japan Airlines's codeshare deal will benefit travelers
IndiGo and Japan Airlines have announced a new codeshare agreement to boost connectivity between India and Japan.
Why S&P has lowered India's growth targets for FY26, FY27
S&P Global Ratings has kept its GDP growth forecast for India unchanged at 6.8% for fiscal year 2024-25.
Attention! $2M hidden treasure is up for grabs in US
If you are a treasure hunter, you might want to check out these hidden treasures.