Business News

No jargons, no mumbo-jumbo. Read the unadulterated Business news here.

03 Mar 2025

Finance

Harvesting savings: Tax benefits of rainwater harvesting 

Why is rainwater harvesting important?

03 Mar 2025

Amazon Web Services

Amazon Web Services pledges to invest $8.3B in Maharashtra

Amazon Web Services (AWS) has announced a massive investment of $8.3 billion in Maharashtra in the coming years.

SEBI's latest move will boost investments in bad loan sector

The Securities and Exchange Board of India (SEBI) has approved all non-banking financial companies (NBFCs), including housing finance companies (HFCs), to invest in security receipts issued by Asset Reconstruction Companies (ARCs).

Tata Capital plans $2B fundraiser via IPO, eyes $11B valuation

Tata Group is said to be eyeing a valuation of as much as $11 billion for its financial services arm, Tata Capital Ltd, in a possible initial public offering (IPO).

03 Mar 2025

Air India

Air India shifts Delhi-Tokyo flights from Narita to Haneda Airport

In a major development, Air India has announced a strategic shift in its Delhi-bound flight operations from Narita Airport to Haneda Airport in Tokyo.

03 Mar 2025

AstraZeneca

AstraZeneca can now sell its cancer drug in India

AstraZeneca Pharma India Ltd has received the nod from the Central Drugs Standard Control Organisation (CDSCO) to import and sell a cancer treatment drug called Durvalumab.

03 Mar 2025

Stock Market

Over 1,100 BSE stocks hit 52-week lows amid market rout

The Indian equity markets are witnessing a major bloodbath, with more than 1,100 BSE stocks hitting their lowest levels in the last one year.

03 Mar 2025

Layoff News

Microchip Technology to lay off 2,000 employees

Microchip Technology has announced plans to cut its workforce by about 2,000 employees, nearly 9% of its total staff.

03 Mar 2025

TikTok

Reddit co-founder Alexis Ohanian wants to buy TikTok

Reddit co-founder and prominent venture capitalist Alexis Ohanian has joined billionaire entrepreneur Frank McCourt's bid to acquire TikTok's US operations.

03 Mar 2025

Finance

Save lakhs on your home loan with these government schemes

Owning a home is a cherished dream for millions of Indians, and to make this dream a reality, the government offers several subsidy schemes.

03 Mar 2025

Indian Government

Modi government cuts base import prices of gold and silver

The Indian government has reduced the base import prices of gold and silver.

SBI, IDFC First to discontinue key benefits on these cards

Starting April 1, 2025, major changes will come into effect for Club Vistara co-branded credit cards issued by IDFC First Bank and State Bank of India (SBI).

03 Mar 2025

Elon Musk

'Elon-ate-my-cat': Tesla owners using stickers to vent anger at Musk

Tesla owners are taking to "regret stickers" to show their displeasure at CEO Elon Musk's behavior.

03 Mar 2025

Uber

Uber rolls out special service for teenagers in India

Uber has launched its 'Uber for Teens' service in India, targeting teenagers aged between 13 and 17.

Modi government grants 'Navratna' status to IRCTC, IRFC—What it means

The Department of Public Enterprises has elevated the Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC) to the coveted 'Navratna' category of the Central Public Sector Enterprise (CPSE) classification.

85% of stocks listed in February now below IPO price

The Indian Initial Public Offering (IPO) market, a hotbed for investors in the past few years, has recently taken a hit.

03 Mar 2025

Elon Musk

How China's DeepSeek cost Musk and others billions this year

The meteoric rise of Chinese AI start-up, DeepSeek, has drastically changed the fortunes of several tech moguls.

03 Mar 2025

Air India Express

Air India Express starts flights from Ghaziabad to Goa, Bengaluru  

Air India Express has started its operations from Ghaziabad's Hindon Airport, becoming the first airline to operate from two airports in the National Capital Region (NCR).

03 Mar 2025

Bombay High Court

HC halts FIR against Madhabi Buch—ex-SEBI boss—in fraud case

The Securities and Exchange Board of India (SEBI) and the Bombay Stock Exchange (BSE) have moved the Bombay High Court challenging an Anti-Corruption Branch (ACB) Court order.

03 Mar 2025

China

How China plans to retaliate against US tariffs

China is preparing to retaliate against new US import tariffs, the state-backed Global Times reported.

03 Mar 2025

Startups

Why Indian founders are reducing their stakes in unicorn start-ups

Over the last six years, the stakes held by founders in India's unicorn start-ups have witnessed a sharp decline.

03 Mar 2025

NVIDIA

How Chinese are buying NVIDIA's latest AI chips despite restrictions

Despite strict US export controls, Chinese buyers have been able to acquire NVIDIA's latest artificial intelligence (AI) chips.

03 Mar 2025

Income Tax Return

March 2025: Don't miss these key income tax deadlines

As we near March 2025, it is imperative for taxpayers to remain abreast of the forthcoming income tax deadlines.

03 Mar 2025

Donald Trump

India-US trade talks to begin soon: What's on agenda

Commerce and Industry Minister, Piyush Goyal, will start his visit to Washington today to start discussions on a proposed bilateral trade agreement between India and the United States.

03 Mar 2025

Ola Electric

Ola Electric is firing over 1,000 employees to curb losses

Ola Electric is laying off over 1,000 employees and contract workers, as per Bloomberg. The move comes as the company attempts to curb its growing losses.

03 Mar 2025

Inflation

India's manufacturing sector growth falls to 14-month low in February

India's manufacturing sector slowed down in February, recording the weakest growth in over a year.

03 Mar 2025

Fashion

Prada may soon acquire Versace for $1.6B

Italian luxury fashion house Prada is said to be close to a deal to buy compatriot fashion brand Versace from Capri Holdings Ltd.

03 Mar 2025

Bitcoin

Bitcoin surges beyond $95,000 following Trump's US crypto reserve announcement

Bitcoin witnessed a massive surge, crossing the $95,000 mark after US President Donald Trump announced plans for a massive US crypto reserve.

02 Mar 2025

India

Why gold ETFs are better than physical gold

With gold prices surging recently, several investors are considering their investment choices.

What are Specialized Investment Funds and what makes them special?

Starting April 1, investors looking for advanced investment options can look into Specialized Investment Funds (SIFs), a new category in the financial market.

02 Mar 2025

Chhattisgarh

Chhattisgarh discussing defense manufacturing collaboration with US, Russian firms

Chhattisgarh is in talks with defense companies of the United States and Russia to set up manufacturing units in the state.

02 Mar 2025

NITI Aayog

NITI Aayog member highlights wage stagnation amid rising employment

Arvind Virmani, a member of the NITI Aayog, has flagged the stagnation of real wages in India despite an increase in employment.

Stock market fraud: FIR against ex-SEBI chief Madhabi Puri Buch

A special Anti-Corruption Bureau (ACB) court in Mumbai, has ordered the registration of a First Information Report (FIR) against former Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch.

Upcoming IPOs: 1 public issue, 4 new listings this week

The Indian primary market is all set for a quiet week with only one initial public offering (IPO) scheduled to open for subscription.

02 Mar 2025

India

Indian retail market to touch ₹190L crore mark by 2034

India's retail market is projected to exceed ₹190 lakh crore by 2034, according to a report by the Boston Consulting Group (BCG) and the Retailers Association of India (RAI).

This SaaS company wants to raise ₹700 crore via IPO

Global vertical SaaS firm Excelsoft Technologies has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

02 Mar 2025

Stock Market

These 10 Nifty 500 stocks have defied the market crash

The Indian stock market has been battling a severe downturn since October, driven by foreign capital outflows, weak earnings, and an economic slowdown.

Market cap of top 8 Indian firms drops ₹3L crore

The cumulative market valuation of eight of the top 10 most valued firms in India took a major hit last week, losing ₹3,09,244.57 crore.

02 Mar 2025

Adani Group

Adani Group renewing investment interests in US amid legal challenges

The Adani Group is said to be reviving its investment interests in the United States, particularly in areas such as nuclear energy and utilities.

02 Mar 2025

Elon Musk

Tesla faces the brunt as Musk goes all-in on DOGE

Elon Musk's electric vehicle company, Tesla, has become the epicenter of anti-DOGE protests in the US.