Business News
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US stock futures decline as South Korean index crashes 10%
US stock futures plummeted by up to 2% on Tuesday, signaling a weak start for Wall Street.
Centre plans subsidized tomato sales as prices hit ₹92/kg
The Indian government is planning to sell tomatoes at subsidized rates through cooperative outlets, in a bid to cool the recent price surge.
Bharti Airtel increases stake in Africa subsidiary to 79%
Bharti Airtel has announced a major increase in its stake in Airtel Africa. The company now owns around 79% of the African subsidiary, up from 62.73% before the transaction.
From delivery boy to WhatsApp head: Kunal Shah's journey
Kunal Shah, the founder of fintech unicorn CRED, has been appointed as the global head of WhatsApp.
India's private sector growth slows to 3-month low
India's private sector growth slowed down in June, hitting a three-month low.
Why chairman, senior partners of KPMG Australia have resigned
KPMG Australia's Chairman Martin Sheppard and two senior partners, Paul Rogers and Eileen Hoggett, have announced their resignations.
Rafael Oliveira is 1st outsider to become Heineken CEO
Heineken has appointed Rafael Oliveira as its new Chief Executive Officer (CEO), in a major shift for the company.
Why Apple is facing an antitrust complaint in China
A group of 48 iOS developers has lodged a complaint against Apple with China's State Administration for Market Regulation.
Sony planning 1st US dollar bond sale since 1998
Sony is gearing up for its first US dollar bond sale since 1998.
Domino's Pizza appoints veteran Joe Jordan as CEO
Domino's Pizza has appointed Joe Jordan as its new chief executive officer (CEO), effective October 1.
Sensex tanks 900 points: What's behind today's selloff?
The Indian stock market witnessed a downturn on Tuesday, with the S&P BSE Sensex falling nearly 900 points and the NSE Nifty50 slipping below the 23,850 mark.
NPCI to enable e-mandate tracking on all UPI apps
The National Payments Corporation of India (NPCI) is working on a new feature to simplify the management of electronic mandates for consumers.
SEBI proposes direct market access for retail investors
The Securities and Exchange Board of India (SEBI) has proposed a major change in its technology regulations for stock exchanges and other market infrastructure institutions (MIIs).
SpaceX shares plunge 32% in 3 sessions, wiping out $600B
Elon Musk's SpaceX is facing a major setback on the Nasdaq, with its shares plummeting by 16% on Monday. This marks the third consecutive day of decline for the company.
Why Uber's board is being sued by shareholders
Uber's board of directors has been sued by shareholders for allegedly allowing the company to bypass compliance protocols.
EV maker Lucid cuts 18% of workforce
Lucid Motors, the Saudi-backed electric vehicle (EV) maker, has announced a major job cut.
US sanctions on Iranian oil suspended until August 21
The United States has issued a 60-day waiver on sanctions against Iranian oil, allowing the country to produce, export, and sell its crude until August 21.
India imposes 5-year anti-dumping duty on key chemical from China
India has imposed a five-year anti-dumping duty on a key chemical used in rubber and tire manufacturing.
Will Calcutta Stock Exchange make a comeback?
The West Bengal government has proposed a revival plan for the Calcutta Stock Exchange (CSE), which has been dormant for over a decade.
FIFA World Cup effect: JPMorgan employees can work from home
The FIFA World Cup is giving office workers an unexpected break by allowing them to work from home.
IIT Roorkee sets up ₹1,000cr fund for deep-tech start-ups
The Indian Institute of Technology (IIT) Roorkee has announced a ₹1,000 crore Super Endowment Fund in partnership with IvyCap Ventures and NuQuant.
'Eat faster or work longer': Viral lunch-break notice angers netizens
A controversial office notice has gone viral on social media, sparking widespread criticism and debate over workplace culture and employee rights.
This Nandan Nilekani-backed ₹2,500cr fund will support early growth-stage start-ups
Fundamentum Partnership, a venture capital firm co-founded by Infosys co-founder Nandan Nilekani and former Helion Venture Partners executive Sanjeev Aggarwal, is planning to launch its third fund.
₹4,225cr+ in penalties: How CCI is transforming businesses in India
The Competition Commission of India (CCI) has been cracking down on anti-competitive behavior with a vengeance, racking up penalties worth over ₹4,225 crore in 54 cases over the last five fiscal years.
Kunal Shah becomes WhatsApp head, Meta invests $900M in CRED
Meta Platforms has invested $900 million (approximately ₹8,550 crore) in Indian fintech start-up CRED during its Series H funding round.
Getty Images stock soars 200% on OpenAI partnership
Getty Images' stock price surged over 200% in premarket trading today, following the announcement of a partnership with OpenAI.
India's core sector growth slows to 7-month low
India's core sector growth has slowed down sharply to a seven-month low of 0.5% in May, data released by the government showed.
SpaceX shares fall for 3rd straight session
SpaceX's stock has witnessed a sharp decline in premarket trading today, falling over 5%.
Who's Vikas Garg, businessman whose ₹940cr assets face ED action?
The Enforcement Directorate (ED) has provisionally attached assets worth ₹940 crore owned by businessman Vikas Garg.
FAAMNG firms hire 13,600 workers in India this year
The FAAMNG group, which includes Facebook (now Meta), Amazon, Apple, Microsoft, Netflix and Google as well as their affiliates, has hired some 13,600 people in India so far this year.
Aditya Birla Group will now make bicycle components
Aditya Birla Group's Hindalco Industries has commissioned a new manufacturing facility for aluminum bicycle components.
Tata Communications stocks hit 52-week high today: Should you buy?
Tata Communications Ltd's shares have hit a 52-week high, extending their gains for the third consecutive session today.
Why Air India has joined hands with Booking.com
Air India has announced a strategic partnership with Booking.com, one of the world's leading online travel agencies.
Ray-Ban heir steps up battle for family empire
31-year-old Leonardo Maria Del Vecchio, the heir to the Ray-Ban fortune, has publicly challenged his family's holding company.
Is Gen Z earning higher than millennials at same age?
A recent study by the Resolution Foundation has revealed that Generation Z (Gen Z) workers born in the late 1990s are earning more at age 24 than any other cohort since those born in the 1950s.
This EV logistics start-up is planning $200M IPO in India
Zypp Electric, an electric vehicle (EV) logistics start-up, is gearing up for a major initial public offering (IPO) of $150-200 million.
SK Hynix is now South Korea's most valuable company
SK Hynix has overtaken Samsung Electronics to become South Korea's most valuable listed company.
This low-cost airline has reduced fares by 5%
Malaysian budget airline, AirAsia X, has announced a 5% fare reduction.
Attention! Banks will remain closed for 3 days this week
If you have any important banking work this week, plan accordingly.
Did Polymarket advertise fake profitable bets?
Polymarket, a leading prediction market platform, has been accused of paying online creators to post misleading videos showing them making profitable bets on its platform.