Business News
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Why BEL, HAL and Mazagon Dock surged today
Shares of several defense companies, including Bharat Electronics Limited (BEL), Mazagon Dock Shipbuilders Limited, and Hindustan Aeronautics Limited (HAL), witnessed a sharp rise on Thursday.
Amazon cuts 100+ jobs in robotics division
Amazon has laid off more than 100 employees from its robotics division, as part of a major restructuring effort.
India VIX cools 17% after 52% spike amid US-Iran war
India's volatility index (VIX), the barometer of stock market fear, has witnessed a major correction on Thursday.
Grocery start-up FirstClub in talks to raise $60M
FirstClub, a Bengaluru-based premium retail grocery start-up, is in advanced talks to raise $50-60 million (around ₹450-550 crore) from Peak XV Partners and Sofina Ventures, according to Moneycontrol.
Palantir faces tough task of severing ties with Anthropic
Palantir, a leading tech company, is facing the tough task of severing its ties with Anthropic. This comes after a dispute between the AI lab and the Pentagon over safety protocols.
OpenAI's annualized revenue surpasses $25B mark
OpenAI has crossed the $25 billion mark in annualized revenue, The Information reported on Wednesday.
Sergey Brin joins Bezos, Zuckerberg in Miami with $51M mansion
Google co-founder Sergey Brin is reportedly the new owner of a $51 million waterfront mansion in Miami.
US-Iran war: Why investors are dumping silver and buying gold
The ongoing conflict in the Middle East, pitting the US and Israel against Iran, has triggered a global risk-off sentiment.
China sets lowest GDP growth target in 35 years
China has set its annual economic growth target for 2026 at a range of 4.5% to 5%, the lowest since 1991.
Morgan Stanley cuts 2,500 jobs globally despite strong financial performance
Morgan Stanley has laid off around 2,500 employees worldwide, according to The Wall Street Journal.
Gold, silver ETFs soar amid escalating US-Iran war
Gold and silver exchange-traded funds (ETFs) witnessed a sharp spike on Thursday.
Why Reliance shares are rising amid US-Iran war
Reliance Industries Limited (RIL) witnessed a sharp surge in its share price on Thursday, gaining up to 3%.
Estee Lauder fully acquires Forest Essentials
Estee Lauder Companies has announced its plan to acquire an additional 51% stake in Indian luxury beauty brand, Forest Essentials.
Why NVIDIA may pull back from investing in OpenAI, Anthropic
NVIDIA CEO Jensen Huang has hinted at a possible reduction in his company's investments in OpenAI and Anthropic.
Sensex gains 500 points: What's behind today's rally?
The Indian stock market opened on a positive note today, with the S&P BSE Sensex gaining nearly 500 points to trade at 79,603 and the Nifty50 rising by 175 points to reach 24,656.
SBI hires 5,800 Junior Associates to strengthen customer service
The State Bank of India (SBI), the country's largest lender, has hired 5,783 Junior Associates across various states and union territories.
Oil prices soar as US-Iran war disrupts global supply routes
Oil prices have soared on Thursday, owing to fears of supply disruptions from the ongoing US-Iran conflict. The prolonged closure of the Strait of Hormuz has also contributed to this spike.
US court orders refunds for Trump tariffs
In a major blow to President Donald Trump's administration, a federal judge in New York has ordered companies that paid certain tariffs during his tenure to be refunded.
Google settles with Epic, cuts Play Store commission to 20%
Google has agreed to a settlement with Epic Games, the developer of Fortnite, over antitrust concerns.
MRF to invest ₹5,300cr in new tire manufacturing plant
Leading tire manufacturer MRF has announced plans to set up a greenfield manufacturing facility in Tamil Nadu.
Gold, silver ETFs down 7% today: Here we decode why
Gold and silver exchange-traded funds (ETFs) witnessed a major drop today. The decline came as investors booked profits after a recent rally in precious metals.
Ookla, Downdetector, and Speedtest sold to Accenture for $1.2B
Accenture has acquired the connectivity division of Ziff Davis for a whopping $1.2 billion in cash.
This fintech unicorn wants to raise ₹1,500cr via IPO
Fintech unicorn Moneyview Limited has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
PhonePe eyes $10.5B valuation for its IPO in India
Walmart-backed Indian fintech giant PhonePe is gearing up for an initial public offering (IPO) at a valuation between $9 billion and $10.5 billion, according to Reuters.
After Pentagon, OpenAI might sign a contract with NATO
OpenAI is considering a contract to deploy its artificial intelligence (AI) technology on the North Atlantic Treaty Organization's (NATO) "unclassified" networks, as per Reuters.
Wipro stocks hit 52-week low today: Here we decode why
Wipro's shares hit a 52-week low of ₹195.10 this morning, down 1.74% from the previous close.
Services PMI falls to 58.1 in February: What's the reason?
India's services sector growth has slowed down in February, with the Purchasing Managers' Index (PMI) slipping to a two-month low of 58.1 from January's 58.5.
Who is Frank Yeary, Intel board chair departing after 17-years
Frank Yeary, the long-serving board Chair of Intel, has announced his retirement.
HDFC Bank to increase locker rentals: Check new rates
HDFC Bank is set to revise its safe deposit locker rental charges from April 1, 2026.
Indian rupee hits all-time low of ₹92.17 against US dollar
The Indian rupee has hit a new low against the US dollar, breaching the ₹92 mark for the first time ever.
PPF or FD: Which investment suits rural population?
In rural India, where financial literacy is low, saving schemes like Public Provident Fund (PPF) and Fixed Deposits (FDs) are popular.
Real estate investment trusts (REITs): All about the investment option
Real Estate Investment Trusts (REITs) are becoming popular as an easy way to invest in real estate without having to buy property.
Iran conflict: JSW first Indian company to be directly affected
JSW Infrastructure Ltd, a leading Indian company, has been directly impacted by the ongoing US-Israel-Iran conflict.
HBO Max and Paramount+ are merging to rival Netflix
In a major move that could reshape the global streaming landscape, HBO Max and Paramount+ are set to merge.
5 overlooked but useful loans you need to know about
India's financial landscape is dotted with a plethora of loan options, some of which are not as well-known but can be quite useful.
India's Saudi oil imports hit record high: What's the reason?
India's crude oil imports from Saudi Arabia reached a record high of 1.05 million barrels per day (bpd) in February, according to data from analytics firm Kpler.
Japan is interested in rare earth deposits in Rajasthan
Japan is in talks with India to jointly explore rare earth deposits in Rajasthan, according to Reuters.
Tata Sons to invest ₹11,000cr in Jamshedpur
Tata Sons Chairman N Chandrasekaran has announced a massive investment of ₹11,000 crore in advanced technology for Jamshedpur.
Meet Offbeat Studios, Boat founder Aman Gupta's new venture
Aman Gupta, the co-founder of consumer electronics brand Boat, has announced his new venture, Offbeat Studios.
Gold, silver prices might crash up to 8%: Here's why
The ongoing conflict between the US and Iran has caused a spike in gold and silver prices.