Business News
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Why Tesla is facing a lawsuit in the US
Tesla has been sued over a deadly crash in Washington state, with allegations that rescuers struggled to open the vehicle's doors.
Bitcoin drops toward $81,000 in worst month since 2022
Bitcoin, the world's largest cryptocurrency, is heading toward its worst monthly performance since a series of corporate collapses rocked the crypto sector in 2022.
IT employees must get salary by 7th of every month
In a significant step to boost financial stability and reduce workplace stress, the Indian government has implemented new labor codes.
Excelsoft Technologies IPO subscribed 45 times on Day 3
Excelsoft Technologies' initial public offering (IPO) has been oversubscribed by a whopping 45.46 times on Day 3 of the bidding process.
Agnikul Cosmos secures ₹150cr for building small satellite launch vehicles
Aerospace start-up Agnikul Cosmos has raised ₹150 crore after the company's previous attempt to raise up to $50 million didn't attract enough investor interest.
Indian VCs make $1.7B from IPOs, still hold over $10B
India's 2025 start-up initial public offering (IPO) cycle has emerged as a major liquidity window for the venture ecosystem.
Swiggy now lets train passengers pre-book meals 96 hours ahead
Swiggy has expanded its 'Food on Train' service to 122 railway stations across India. The move comes after a strong customer response to the offering.
Indian airports to get upgrades worth 17,000cr
The Airports Authority of India (AAI) has unveiled its biggest modernization drive for air navigation services.
Swiggy, Uber must contribute 1-2% turnover for gig workers
In a landmark decision, the Indian government has made it mandatory for platforms like Swiggy, Uber, and Urban Company to contribute 1-2% of their annual turnover to gig worker welfare.
Central Crime Branch to investigate Ola Electric employee's suicide case
The Central Crime Branch (CCB) of Bengaluru has taken over the investigation into the alleged suicide of Ola Electric engineer Aravind Kannan.
Global tech giants urge India to delay 6GHz spectrum auction
Major tech companies, including Apple, Amazon, Broadcom, Meta Platforms, and Intel, have cautioned against the rushed auction of the upper 6GHz band for mobile services in India.
Google offers voluntary exit packages in UK amid AI-focused restructuring
Google is offering voluntary exit packages to certain employees in the UK as part of a broader restructuring initiative centered on artificial intelligence (AI).
Meesho's IPO could value the company at $6B
Leading value-focused e-commerce platform Meesho is eyeing a post-money valuation of around $5.93 billion (₹52,500 crore) for its upcoming initial public offering (IPO), according to Moneycontrol.
Why 48M barrels of Russian oil is stuck at sea
An estimated 48 million barrels of Russian crude oil are stuck in transit due to US sanctions on these supplies.
India overhauls labor rules, replacing 29 laws with 4 codes
India is set to implement four new Labour Codes, marking a major overhaul in the country's labor governance.
Indian rupee hits all-time low of 89.46 against US dollar
The Indian rupee has hit a new all-time low against the US dollar, falling to 89.46 on Friday.
Groww's Q2 profit rises 12% to ₹471cr despite revenue decline
Billionbrains Garage Ventures, the parent company of popular stock broking platform Groww, has reported a consolidated net profit of ₹471.3 crore for the second quarter of FY26.
Why US stock market lost $2.7 trillion in hours
The US stock market witnessed a major crash on Thursday, wiping out nearly $2.7 trillion in value within hours.
Meta slapped with $554M fine for unfair competition in Spain
A Spanish court has ordered tech giant Meta to pay €481 million ($554 million) in damages to 87 digital media companies.
Why world's leading music labels are backing this AI start-up
The world's leading music labels—Sony Music Entertainment, Warner Music Group, and Universal Music Group—have signed separate AI licensing agreements with a Los Angeles-based start-up called Klay Vision.
Netflix, Comcast, Paramount bid for Warner Bros. Discovery
Netflix, Comcast, and Paramount Skydance have all submitted bids for Warner Bros. Discovery Inc.
India's infrastructure growth hits 0%, worst in 14 months
India's core sector growth has stagnated at 0% year-on-year in October, the lowest in 14 months.
ICICI Prudential AMC readies $1.1B IPO, SEBI approval expected soon
ICICI Prudential Asset Management Company (AMC) is gearing up for a major initial public offering (IPO) in the coming weeks.
Musk works 7 days/week and takes 2am naps, ex-employee reveals
A former employee of X, the platform owned by Elon Musk, has revealed the billionaire's grueling work routine.
Musk's pay to exceed combined salaries of 1.4M US teachers
Elon Musk, the CEO of Tesla and SpaceX, is set to receive a staggering compensation package that could amount to up to $1 trillion in stock over the next decade.
Nifty hits record high of 26,228: What's fueling the surge?
India's equity benchmark, the Nifty 50 index, gained 0.7% to hit a new all-time high of 26,228 points on Thursday. Its previous peak was set in September 2024.
This tech stock surged 6% after NVIDIA's stellar Q3 results
Shares of Netweb Technologies Ltd. surged by as much as 6% on Thursday, following strong third-quarter results from NVIDIA Corporation.
India's GDP to grow at 7% in FY26: Piyush Goyal
Union Commerce Minister Piyush Goyal has expressed confidence that India's GDP will grow at a rate of 7% in the fiscal year 2025-26 (FY26).
Flipkart, Zomato, Swiggy declare compliance with anti-dark pattern rules
In a major development for consumer protection in India's digital marketplace, 26 leading e-commerce platforms have voluntarily declared their compliance with the Central Consumer Protection Authority (CCPA) Guidelines for Prevention and Regulation of Dark Patterns.
Sudeep Pharma IPO opens tomorrow; grey market premium jumps 22%
Sudeep Pharma, a technology-driven manufacturer of excipients and specialty ingredients, will launch its initial public offering (IPO) on November 21.
Peru to launch UPI-like payment system by next year
Peru is gearing up to launch an India-inspired real-time digital payments system by next year.
Alphabet shares hit all-time high on Gemini 3's rave reviews
Alphabet Inc., Google's parent company, saw its shares jump by as much as 6.9% on Wednesday, the biggest spike since early September.
NVIDIA reports strong quarter, despite AI bubble fears
NVIDIA, the world's most valuable company, has exceeded Wall Street's expectations for both revenue and future sales.
Spotify acquires WhoSampled to enhance music discovery features
Spotify has announced its acquisition of WhoSampled, a community-driven database that tracks sampled music.
Shaadi.com begins early talks for potential IPO listing
Shaadi.com, one of India's oldest and largest digital matrimonial services, is reportedly gearing up for an initial public offering (IPO).
Foreign investors' stake in Indian market climbs to 14-month high
Foreign portfolio investors (FPIs) have increased their holdings in domestic securities to a 14-month high in early November.
NVIDIA CEO dismisses AI bubble, predicts continued demand for GPUs
NVIDIA CEO Jensen Huang has dismissed concerns of an impending AI bubble.
Saudi Arabia pours millions into start-up to build 'AI Hollywood'
Luma AI, an artificial intelligence (AI)-driven video production start-up, raised a total of $900 million in its Series C funding round, which was led by Humain, a subsidiary of the Public Investment Fund (PIF) of Saudi Arabia.
Adobe acquires Semrush for $1.9B to boost digital marketing capabilities
Adobe has announced its plan to acquire Semrush, a leading digital marketing platform, for approximately $1.9 billion.
Why ex-Harvard president Larry Summers has resigned from OpenAI board
Former United States Treasury Secretary Larry Summers has resigned from the board of directors at OpenAI.