Business News
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Tata Capital initiates $2B IPO process
Tata Capital, the financial services arm of the Tata Group, has started preparations for a $2 billion initial public offering (IPO).
Ola Electric-rival Greaves Electric Mobility files for ₹1,000cr IPO
Greaves Electric Mobility, a leading electric vehicle (EV) manufacturer, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
Elon Musk's AI firm xAI secures $6B in fresh funding
Elon Musk's artificial intelligence (AI) company, xAI, has successfully raised $6 billion in new funding, according to a filing with the US Securities and Exchange Commission.
China's SHEIN enters India as labels appear on Reliance's AJIO
Reliance Retail has launched a backend test of Chinese fast fashion label, SHEIN, on its AJIO platform. The development comes nearly five years after the Indian government banned the brand.
Starbucks strike shuts 59 US stores amid contract negotiation deadlock
A five-day-long strike by Starbucks employees has resulted in the temporary closure of 59 stores in the United States, the union representing the workers said.
Apple nears $4T valuation as investors bet on AI push
Apple is on the cusp of a historic $4 trillion stock market valuation, fueled by investor optimism over the company's progress in artificial intelligence (AI).
OYO acquires US-based G6 Hospitality from Blackstone for $525M
OYO, the leading hospitality service provider, has successfully acquired Motel 6 and Studio 6 brands from Blackstone Real Estate.
Want to resolve tax dispute? Avail this scheme before year-end
The Direct Tax Vivad Se Vishwas Scheme, announced in Budget 2024, is a government scheme to resolve pending tax disputes.
'Rich Dad Poor Dad' author predicts global economic crash soon
Robert Kiyosaki, the famous author of Rich Dad Poor Dad, has warned of an impending global economic crash.
Zoho-backed semiconductor manufacturer to invest ₹3,425cr in Karnataka
Silectric Semiconductor Manufacturing, a company founded by directors of Zoho, has pledged to invest ₹3,425.60 crore in Karnataka's first electronics manufacturing cluster (EMC).
Macquarie predicts 10% correction in Indian stock markets by mid-2025
Sandeep Bhatia, Managing Director and Head of Equity India at Macquarie Capital, has predicted a possible 10% correction in the Indian stock markets in the first half of 2025.
WhatsApp-rival Telegram is now profitable, says founder Pavel Durov
Pavel Durov, the founder of popular messaging app Telegram, has announced that the company has turned profitable.
British chocolate brand Cadbury loses royal warrant after 170 years
Iconic British chocolate brand Cadbury has been dropped from the royal warrant list by King Charles.
IIT Delhi placements: Students receive 1,200 offers in phase 1
The Indian Institute of Technology (IIT) in Delhi and Kanpur have recorded a successful first phase of the 2024-25 placement season.
IndiGo 'Getaway Sale': Book flight tickets starting at just ₹1,200
India's leading airline, IndiGo, has launched an exclusive Getaway Sale today. The limited-period sale offers discounted fares on domestic and international routes.
IT sector: CEO pay surges 160%, freshers see 4% growth
The pay of Chief Executives at India's top five IT firms has surged by a whopping 160% in the last five years, data analyzed by Moneycontrol revealed.
Indian rupee hits record low of 85.12 against US dollar
The Indian Rupee has hit a record low, plummeting to 85.12 against the US dollar.
55% of Nifty 500 stocks in downtrend: More correction expected?
The 5% fall in the Nifty index last week has dragged nearly 55% of NSE 500 stocks below their long-term trend indicator, the 200-day moving average (DMA).
Zomato shares enter correction zone: Hold or book profits?
Zomato's shares have entered the 'correction zone' in early trade on Monday.
India's leading self-made billionaires back Aakash Chaudhry's new edtech venture
Aakash Chaudhry, the co-founder of Aakash Educational Services Limited (AESL), has managed to raise $4 million (roughly ₹34 crore) for his new online tutoring platform, Sparkl Edventure.
Dell CEO contradicts Narayan Murthy, urges 'working smarter, not harder'
In a recent podcast, Dell CEO Michael Dell has stressed on "working smarter and not harder."
Sensex gains 1% after 5-day slump: What's driving today's rally
The BSE Sensex and NSE Nifty staged a sharp recovery today, after a steep 5% fall over the last week.
Bharat Global Developers shares—which rose 2,100% this year—suspended by SEBI
The Securities and Exchange Board of India (SEBI) has suspended the trading of Bharat Global Developers Ltd. shares on all exchanges until further notice.
Swiggy One BLCK members denied benefits; restaurants unaware of promotion
Swiggy's recent launch of its premium subscription service, One BLCK, has left the restaurant industry confused.
Indian firms raised ₹1.6L crore through IPOs in 2024
Indian companies have set a new record by raising a staggering ₹1.6 lakh crore through Initial Public Offerings (IPOs) in 2024.
Epigamia co-founder Rohan Mirchandani (41) dies due to heart attack
Rohan Mirchandani, the co-founder of popular Greek yogurt brand Epigamia, has sadly passed away at the age of 41. The news was confirmed by multiple sources to Moneycontrol.
Google resists DOJ's call to sell Chrome, offers alternative solutions
In a bid to avoid the forced sale of its Chrome browser, Google has offered a one-of-a-kind solution to the US Department of Justice's (DOJ) antitrust concerns.
Stellantis reverses plan to lay off 1,100 employees in US
Italian automaker Stellantis has reversed its decision to lay off around 1,100 employees at an Ohio-based Jeep plant.
Your gift vouchers will now be exempted from GST
The 55th Goods and Services Tax (GST) Council meeting, chaired by Finance Minister Nirmala Sitharaman, was held in Jaisalmer today.
Your health insurance premium will not become cheaper anytime soon
The Goods and Services Tax (GST) Council has deferred its decision on slashing the tax rate on life and health insurance premiums.
This Indian space start-up is launching ₹500cr IPO next week
Bengaluru-based space start-up Unimech Aerospace is launching its initial public offering (IPO) on December 23.
Germany: Volkswagen prevents factory closures, ensures job security until 2030
Volkswagen has managed to strike a deal with the IG Metall union, ensuring that none of its German factories will be shut down.
Defaulted on card payments? Get ready to pay higher penalties
The Supreme Court of India has overturned an earlier order of the National Consumer Dispute Redressal Commission (NCDRC), which capped the interest rate for credit card default payments at 30%.
Elon Musk is a 'bully' but 'legendary entrepreneur': Sam Altman
OpenAI CEO Sam Altman has called Elon Musk a "bully" in a new interview with The Free Press.
Google cuts 10% of management roles in latest layoff round
As part of an ongoing efficiency drive, Google has slashed its top management roles by 10%, CEO Sundar Pichai revealed in a company-wide meeting on Wednesday, according to Business Insider.
Zoomcar takes on Uber, Ola with its cab rental service
Zoomcar, one of the leading names in the self-drive car-sharing space, is finally venturing into the chauffeur-driven cab rental business, Reuters reports.
Zerodha's new feature lets you borrow money for buying stocks
Leading online brokerage firm Zerodha has launched Margin Trading Facility (MTF) on its trading platform Kite.
'Can't speak Kannada, come to...': CEO's hiring post sparks controversy
Cars24 CEO Vikram Chopra has sparked a controversy with his recent post on X. The post was addressed to people living in Bengaluru who are looking for jobs.
Sensex crashes again, down over 3,500 points in 5 days
The Indian stock market witnessed yet another major decline today with the Sensex falling over 820 points to trade around 78,390, at the time of writing.
Axis Bank revises credit card fees: Check new charges
Axis Bank is all set to introduce revised credit card fees from today.