Business News

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11 Mar 2025

Elon Musk

Kia Motors deletes controversial ad mocking 'crazy' Elon Musk

Kia Motors has removed an advertisement that featured one of its electric vehicles with a bumper sticker ridiculing Tesla owner Elon Musk.

11 Mar 2025

Shiv Nadar

Shiv Nadar transfers 47% stake in HCL Corp to daughter

Billionaire Shiv Nadar has transferred 47% of his stake in two major promoter companies - HCL Corp and Vama Delhi - to his daughter Roshni Nadar.

11 Mar 2025

Donald Trump

India sets record straight: No tariff cuts agreed with US

The Indian government has clarified that it has "not committed" to reducing import duties on American products.

11 Mar 2025

Elon Musk

World's richest person, Elon Musk, has lost $132B this year

Elon Musk, the richest man on the planet, has seen his fortune plummet this year.

Merchant fees on UPI transactions: Will your payments get costlier?

The Indian government is considering reimposing merchant charges on Unified Payments Interface (UPI) and RuPay debit card transactions for large merchants.

PM Internship Scheme 2025 registrations close tomorrow: How to apply

The registrations for Prime Minister's Internship Scheme 2025 will close on March 12, 2025.

11 Mar 2025

IndusInd Bank

IndusInd Bank's stock plunges 23% after ₹1,530cr accounting gap

IndusInd Bank's shares plunged 23% to ₹694 on Tuesday after discrepancies in its derivative portfolio were found during an internal review.

11 Mar 2025

Startups

India's start-up investment by VCs touched $13.7B in 2024

India's venture capital (VC) market saw a resurgence, with investments in start-ups hitting $13.7 billion in 2024, the India VC Report 2025 by Bain & Company and the Indian Venture and Alternate Capital Association (IVCA) found.

11 Mar 2025

Bitcoin

Bitcoin hits $79,000—lowest level since Trump's return as President

The cryptocurrency market is witnessing a major sell-off, led by Bitcoin and Ether.

11 Mar 2025

Stock Market

$4 trillion wiped off: Why did US stock market crash?

The US stock market saw a major crash on Monday, with leading indices such as Nasdaq and S&P 500 falling by 4% and 2.7%, respectively.

11 Mar 2025

SpaceX

Ex-Google CEO Eric Schmidt to lead SpaceX rival

Former Google CEO Eric Schmidt has been named the new chief executive officer of Relativity Space, a nine-year-old rocket start-up.

11 Mar 2025

Apple

Apple, Meta to be fined for violating Europe's Digital-Markets Act

Apple and Meta will face fines for allegedly breaching Europe's Digital Markets Act (DMA), as per Reuters.

11 Mar 2025

Tesla

Tesla shares crash 15%, now down over 50% since December

Tesla's stock has taken a major hit, falling 15.4% to close at $222.15 on Monday in the US. This is the electric vehicle manufacturer's toughest trading day since September 2020.

11 Mar 2025

Microsoft

OpenAI invests $12B in CoreWeave to expand AI infrastructure

OpenAI has signed a five-year deal with GPU-focused cloud service provider CoreWeave.

10 Mar 2025

Cryptocurrency

Bybit breach: Hackers cash out stolen cryptocurrency worth $300M 

The notorious Lazarus Group, a hacking team believed to be associated with the North Korean government, has cashed out at least $300 million from a recent $1.5 billion crypto theft.

10 Mar 2025

Inflation

Retail inflation in February likely fell below RBI's 4% target

India's consumer inflation for February is expected to drop below the Reserve Bank of India (RBI)'s medium-term target of 4%, a Reuters poll showed.

10 Mar 2025

Meta

Meta keeps a secret list of ex-employees it won't rehire

Meta reportedly keeps a "do not rehire" list for its ex-employees.

10 Mar 2025

United Arab Emirates

Why UAE's 'golden visa' is popular among millionaires globally

The UAE has become a hot spot for high-net-worth individuals, courtesy of its alluring 'golden visa' program.

10 Mar 2025

Donald Trump

India, US eye preliminary 'mini' trade agreement amid tariff concerns

India wants to fast-track a critical bilateral trade deal with the United States, according to a report by the Mint.

10 Mar 2025

Diabetes

Suffering from diabetes? Your medicines are set to become cheaper

Medicine companies in India are gearing up to launch affordable, generic versions of Empagliflozin, a popular diabetes drug.

10 Mar 2025

Holi

Holi 2025 to generate ₹60,000cr business in India

The Confederation of All India Traders (CAIT) has estimated the upcoming Holi festival will bring in a whopping ₹60,000 crore business.

10 Mar 2025

India

Zerodha's latest exchange-traded fund lets you invest in silver

Zerodha has launched the Zerodha Silver ETF in India, an open-ended exchange-traded fund that will track domestic silver prices.

10 Mar 2025

Hero MotoCorp

Hero MotoCorp gets clean chit in fund diversion probe

The Ministry of Corporate Affairs (MCA) has found no breach of corporate governance or fund violation by Hero MotoCorp.

This is how e-gaming industry plans to ensure user safety

The All India Gaming Federation (AIGF), the E-Gaming Federation (EGF), and the Federation of Indian Fantasy Sports (FIFS) have come together to sign a "Code of Ethics" (CoE) for online real money gaming companies.

10 Mar 2025

Ola Electric

Ola Electric's shares down 4% today: Here we decode why

Ola Electric, a leading name in the electric two-wheeler space, has seen its stock price tumble.

10 Mar 2025

Zomato

Eternal beginnings: Zomato's shareholders approve name change

In a major corporate change, Zomato has received the nod from shareholders to change the name of the company.

10 Mar 2025

Elon Musk

How Musk might still block OpenAI's shift to for-profit model

Elon Musk's legal battle against OpenAI, a company he co-founded in 2015, is far from over. The lawsuit also names Microsoft and OpenAI CEO Sam Altman as defendants.

10 Mar 2025

Stock Market

Sensex surges 380 points in early trade: What's fueling rally?

The stock market opened on a positive note today, with the Sensex opening at 74,474.98 points—just above its previous close of 74,332.58.

10 Mar 2025

China

China's reciprocal tariffs on US goods are now in effect

China's tariffs of up to 15% on US farm goods have come into effect today. They hit a range of commodities from beef and poultry to grains.

10 Mar 2025

Donald Trump

US in talks with 4 groups to buy TikTok: Trump

US President Donald Trump has confirmed that his administration is talking to four different groups who want to buy Chinese-owned social media platform TikTok.

09 Mar 2025

PepsiCo

PepsiCo plans to double revenue in India within 5 years

PepsiCo, the global food and beverage giant, has set an ambitious goal of doubling its revenue in India in the next five years.

09 Mar 2025

London

London Growth Plan—India to play key role in boosting economy

London has unveiled an ambitious 'Growth Plan,' which is expected to generate an additional £27 billion in tax revenue to enhance public services across the UK.

09 Mar 2025

Startups

This SpaceX investor will spend $20M each in 12-15 companies

Playbook Partners, a growth capital firm, plans to invest $20 million each in 12-15 firms over the next two years.

09 Mar 2025

Ather Energy

EV maker Ather Energy might launch its IPO this April

Ather Energy, one of the leading names in the electric two-wheeler segment in India, is inching closer to its IPO.

IPO activity slows down in India amid market correction

The Indian initial public offering (IPO) market has slowed down considerably in the last few weeks, with no main-bourse IPOs.

09 Mar 2025

United Kingdom

Visa, Mastercard linked to illegal gambling websites scamming UK customers

Mastercard and Visa are under scrutiny for reportedly allowing transactions on illegal gambling websites that have defrauded UK customers.

09 Mar 2025

Narendra Modi

India and EU to hold crucial FTA talks tomorrow

India and the European Union (EU) will commence their 10th round of negotiations for a proposed free trade agreement (FTA) in Brussels tomorrow.

Tata Capital set for IPO—after merger with Tata Motors Finance

Tata Capital, a financial services firm, is preparing to file preliminary papers for a $2 billion initial public offering (IPO).

09 Mar 2025

Nirmala Sitharaman

GST rates set to decrease further, says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has announced that Goods and Services Tax (GST) rates will be reduced further.

09 Mar 2025

Reliance Industries

Market cap of India's top 7 firms soars ₹2.1L crore

The cumulative market capitalization of seven of the 10 most valued companies in India rose by ₹2,10,254.96 crore last week.