Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Adani shares crash 20% as US bribery charges rock conglomerate
20 Nov 2024
UberUber launches new service with extra room for your luggage
Uber has launched a new service, UberXXL, for airport transfers.
20 Nov 2024
NBCComcast to spin off its cable channels into separate entity
Comcast is moving ahead with its plan to spin off NBCUniversal's cable television channels, including MSNBC and CNBC.
20 Nov 2024
SwiggyRestaurants can now procure kitchen equipment on Swiggy
Swiggy, a leading player in the food delivery and quick commerce space, has introduced a new service to help its restaurant partners procure kitchen equipment.
20 Nov 2024
Bharti AirtelAirtel partners with Nokia to boost 5G services in India
Bharti Airtel has signed a multi-year, multi-billion dollar market extension deal with Nokia.
20 Nov 2024
Sam AltmanSam Altman seeks investment for potential chipmaking rival to NVIDIA
OpenAI CEO Sam Altman is on the lookout for investors to build an upcoming competitor to NVIDIA, the famous chipmaking giant.
20 Nov 2024
BitcoinBitcoin surpasses $94,000 for the first time
Bitcoin, the world's largest cryptocurrency, has hit a new high by breaching the $94,000 mark for the first time.
19 Nov 2024
ChinaThis company offers cash rewards to employees for finding love
Chinese camera company Insta360 has introduced a novel initiative to promote employee well-being, by encouraging them to go on dates.
19 Nov 2024
Reserve Bank Of India (RBI)RBI warns against deepfakes showing Governor Das endorsing investment schemes
The Reserve Bank of India (RBI) has issued a warning regarding the circulation of deepfake videos featuring its Governor, Shaktikanta Das.
19 Nov 2024
United States of AmericaWant to 'scold' your boss anonymously? This company can help
In a first of its kind service in the US, a company called OCDA is giving employees a chance to voice their grievances against their bosses anonymously.
19 Nov 2024
Tiger GlobalAfter 18 months, Tiger Global resumes investments in Indian start-ups
Tiger Global, the once-prolific investor synonymous with mega-deals and rapid unicorn creation, is exhibiting renewed interest in the Indian start-up ecosystem.
19 Nov 2024
ChatGPTNews agency ANI sues OpenAI for alleged copyright infringement
Asian News International (ANI), one of India's top news agencies, has sued OpenAI in the Delhi High Court.
19 Nov 2024
AppleApple proposes $100M investment in Indonesia to reverse iPhone ban
Apple is making a significant effort to mend fences with Indonesia after the government recently banned sales of the latest iPhone 16.
19 Nov 2024
FacebookMeta to challenge CCI's ₹213cr penalty over WhatsApp privacy policy
Meta, the parent company of Facebook and WhatsApp, has announced its plans to appeal against the ₹213.14 crore fine imposed by India's Competition Commission (CCI).
18 Nov 2024
Reserve Bank Of India (RBI)RBI launching cloud service to rival AWS, Azure in 2025
The Reserve Bank of India (RBI) is gearing up to launch a one-of-a-kind cloud platform in 2025. The initiative, a first for any major global central bank, will utilize local IT companies.
18 Nov 2024
Enforcement Directorate (ED)ED probing Amazon, Flipkart's relationships with sellers for FDI violations
The Enforcement Directorate (ED) is now looking into the relationships between e-commerce giants Amazon and Flipkart, and their sellers.
18 Nov 2024
OYO RoomsOYO raising funds from founder Ritesh Agarwal at ₹32,000cr valuation
Ritesh Agarwal, the founder and CEO of OYO, is looking to invest ₹550 crore into the hospitality chain. This will increase his stake from 30% to 32%.
18 Nov 2024
NiftySensex, Nifty plunge amid foreign fund outflows, IT stock pressure
The Indian stock market remains bearish today, with benchmark indices Sensex and Nifty plunging sharply.
18 Nov 2024
Indian GovernmentModi government to allow 100% FDI in insurance sector: Report
The Indian government is gearing up to introduce major reforms in the insurance sector, including allowing 100% foreign direct investment (FDI), according to a Times of India report.
17 Nov 2024
Initial Public Offering (IPO)Four IPOs set to launch next week despite market volatility
The primary market is gearing up for four initial public offerings (IPOs) next week, evenly divided between the mainboard and SME segments.
17 Nov 2024
Disney+ HotstarDubai-based siblings to offer jiohotstar.com domain to Reliance for free
Dubai-based siblings, Jainam and Jivika, have announced their decision to transfer the ownership of the domain name jiohotstar.com to Reliance Industries Limited (RIL) free of cost.
17 Nov 2024
AppleTata Electronics acquires Pegatron's iPhone plant in Tamil Nadu
Tata Electronics has acquired a majority stake in Pegatron's only iPhone manufacturing facility in Tamil Nadu. The move makes Tata a major supplier for Apple.
17 Nov 2024
Ministry of Health and Family WelfareHow to apply for Ayushman Vay Vandana card in India
The Ayushman Vay Vandana Card, launched under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) scheme, has seen more than 10 lakh enrollments in three weeks since its launch.
17 Nov 2024
HDFC BankTop 8 Indian firms lose ₹1.7L crore in market cap
Eight of India's top 10 most valued companies witnessed a massive loss in market capitalization last week. The total loss stood at nearly ₹1,65,180.04 crore.
17 Nov 2024
BoeingBoeing starts workforce reduction, over 400 employees receive layoff notices
In a major job cut plan, Boeing has laid off over 400 employees, sending them layoff notices. The employees are members of the Society of Professional Engineering Employees in Aerospace (SPEEA).
17 Nov 2024
TikTokTikTok's parent ByteDance is now valued at $300 billion
ByteDance, the parent company of popular social media app TikTok, has now reached a valuation of about $300 billion.
16 Nov 2024
Foreign InvestmentFPIs withdraw ₹22,420 crore from Indian markets this month
Continuing their bearish trend on Indian markets this month, Foreign Portfolio Investors (FPIs) have pulled out a whopping ₹22,420 crore in the first half of November.
16 Nov 2024
ZomatoZomato launches new app to take on BookMyShow in India
Zomato has expanded its consumer offerings with the launch of a new app called District.
16 Nov 2024
Donald TrumpThis major Trump Media shareholder has offloaded nearly entire stake
ARC Global Investments, a major shareholder in Trump Media & Technology Group, has divested nearly its entire stake in the media firm.
16 Nov 2024
Apple'Make in India' initiative reduces electronic imports in FY24: Report
Thanks to the 'Make in India' initiative and growing localization, electronic imports have dropped significantly in the fiscal year 2023-2024.
16 Nov 2024
Bank of BarodaWant a loan? Check out interest rates from leading banks
Several Indian banks, including State Bank of India (SBI), Bank of Baroda, HDFC Bank, and IDBI Bank have announced an increase in their marginal cost-based lending rates (MCLR) for certain tenures this month.
16 Nov 2024
General MotorsGeneral Motors fires 1,000 employees amid cost-cutting and reorganization
General Motors (GM), one of the world's largest automakers, has laid off around 1,000 employees as part of its cost-cutting and restructuring strategy.
15 Nov 2024
Donald TrumpMusk's X appoints executive who got presidential pardon as CFO
Elon Musk has hired Mahmoud Reza Banki, a former executive of streaming platform Tubi, as the chief financial officer (CFO) for X Corp.
15 Nov 2024
Elon MuskMusk's DOGE is now hiring: High-IQ, long hours, no salary
Elon Musk and Vivek Ramaswamy's recently launched Department of Government Efficiency (DOGE) has begun hiring.
15 Nov 2024
SkincareMamaearth's growth slows down amid changing consumer trends, new competitors
Honasa Consumer, the parent company of popular skincare brand Mamaearth, is growing slower than expected.
15 Nov 2024
CREDCRED entering stock broking market to take on Zerodha, Groww
CRED, one of India's top fintech firms, is expanding its financial services portfolio by entering the stock broking space, according to Moneycontrol.
15 Nov 2024
JioCinemaJioCinema Premium plans: Which one offers best value?
JioCinema is looking to disrupt the OTT market with its competitively priced premium subscriptions.
15 Nov 2024
BitcoinHacker behind billion-dollar Bitcoin heist gets 5-year sentence
Ilya "Dutch" Lichtenstein, the mastermind behind a major Bitcoin heist, has been sentenced to five years in prison by a Washington federal court after being pleaded guilty last year.
15 Nov 2024
Goldman SachsBoat sets sail for IPO in 2025, targets $300-500M raise
Boat, one of the leading Indian brands in the wearable and audio space, is gearing up for an initial public offering (IPO) next year.
14 Nov 2024
BoeingBoeing begins process to cut 17,000 jobs
Boeing will begin sending layoff notices this week as part of its plan to cut around 17,000 jobs or nearly 10% of its global workforce.
14 Nov 2024
IndiaBlackstone could buy 20% stake in Haldiram's for $1.6 billion
Blackstone, a top global investment firm, is said to be in talks to buy a 20% stake in India's iconic snack brand, Haldiram's.
14 Nov 2024
Mukesh AmbaniReliance, Disney complete $8.5B merger to form biggest media entity
Reliance Industries and Walt Disney Company have completed their historic merger in India's media space, creating an entertainment behemoth worth $8.5 billion.
14 Nov 2024
Indian EconomyIndia's trade deficit widens to over $27 billion in October
India's merchandise trade deficit widened to $27.14 billion in October, significantly up from $20.8 billion in September due to a faster growth rate in imports, data released today shows.
14 Nov 2024
National Stock ExchangeNSE adds Zomato, Paytm, Adani Energy, others to F&O list
The National Stock Exchange (NSE) has added 45 new stocks to its futures and options (F&O) trading segment.
14 Nov 2024
Layoff NewsSiemens to cut around 5,000 jobs in factory automation division
Siemens is planning to layoff up to 5,000 workers in its factory automation division.
14 Nov 2024
NiftySensex, Nifty decline for sixth straight session: Know key reasons
India's stock markets continued their losing streak for the sixth consecutive day on Thursday.
14 Nov 2024
San FranciscoBob Lee's murder: Accused says 'bad joke' caused fatal altercation
Nima Momeni, the tech consultant accused of murdering Cash App founder Bob Lee (43), has testified in court that a "bad joke" led to a fatal altercation.
14 Nov 2024
Bernard ArnaultWhy world's fifth richest is suing world's top richest
Bernard Arnault, the world's fifth-richest person as per the Bloomberg Billionaires Index, has sued Elon Musk's social media platform, X.
14 Nov 2024
AppleApple's market share soars in India, Samsung continues to struggle
Apple has widened its lead in India, taking a huge chunk of the market from its closest rival Samsung.
14 Nov 2024
Uttar PradeshMeet Nisha Madhulika, India's richest female YouTuber
Nisha Madhulika, a former teacher from Uttar Pradesh, has taken YouTube by storm with her simple home-cooked recipes.
14 Nov 2024
Donald TrumpHow Trump's return to White House could benefit Indian drugmakers
Donald Trump's return to the US presidency could have a major impact on India's pharmaceutical industry.
14 Nov 2024
Reserve Bank Of India (RBI)How RBI Governor responded to commerce minister's rate cut call
Union Commerce Minister Piyush Goyal urged the Reserve Bank of India to "definitely cut interest rates" while speaking at the CNBC-TV18 Global Leadership Summit on Thursday.
14 Nov 2024
Donald TrumpFBI raids Polymarket CEO's home after platform predicted Trump's victory
The Federal Bureau of Investigation (FBI) has raided the home of Shayne Coplan, the CEO of predictive betting platform Polymarket.
14 Nov 2024
BitcoinBitcoin briefly tops $93,000 on Trump's pro-crypto stance, Fed policy
Fueled by expectations of interest rate cuts and pro-crypto policies from President-elect Donald Trump, Bitcoin hit a new high of over $93,000.
14 Nov 2024
AMDAMD to lay off 1,000 employees amid AI-focused business realignment
Advanced Micro Devices (AMD), one of the world's top chipmakers, has announced plans to cut its workforce by some 4%.
14 Nov 2024
InflationIndia's wholesale inflation hits 4-month high on rising food prices
India's wholesale inflation rose to a four-month high of 2.4% in October, significantly up from last month's 1.84%.
14 Nov 2024
InstagramMeta faces antitrust trial that could separate Instagram and WhatsApp
Meta has been ordered by a DC District Court Judge to face an antitrust lawsuit filed by the Federal Trade Commission (FTC).
13 Nov 2024
EmploymentAI to generate 2.7M tech jobs in India by 2028
Artificial Intelligence (AI) will generate some 2.73 million tech jobs in India by 2028, a recent study commissioned by ServiceNow, an AI platform for business transformation, has found.
13 Nov 2024
Universal Account NumberWant to withdraw PF amount online? Follow these steps
The Employees' Provident Fund Organisation has made the task of applying for a partial withdrawal from your account easier than ever.
13 Nov 2024
National Stock ExchangeNifty officially enters correction zone: Is this a buying opportunity?
The National Stock Exchange's (NSE) Nifty 50 index has officially entered correction territory, marking a major slump in India's financial market.
13 Nov 2024
Indian GovernmentHow to update your KYC for PM Jan Dhan account
As the Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts near their 10-year mark, a new Know Your Customer (KYC) update is due.
13 Nov 2024
GoogleGoogle News VP resigns amid rising tensions with publishers
Shailesh Prakash, the former Vice President and General Manager of Google News, has resigned amidst rising tensions between Google and news publishers.
13 Nov 2024
Layoff NewsCNN to fire hundreds of employees as ratings tank: Report
After suffering a major ratings drop during the recent Presidential Election Day coverage in the US, CNN is gearing up for major layoffs, as per Puck News.
13 Nov 2024
SwiggySwiggy gets 'underperform' rating on listing day: Should you sell?
Swiggy, a dominant player in India's food delivery space, made its stock market debut today.
13 Nov 2024
E-commerceNazara, ONDC launch 'gCommerce' for in-game monetization: How it works
Nazara Technologies, a leading gaming and sports media company, is collaborating with the Open Network for Digital Commerce (ONDC) to launch an in-game monetization platform.
13 Nov 2024
BitcoinBitcoin nears $90,000 mark, market cap now higher than silver
Bitcoin's latest rally has pushed it beyond silver, making it the eighth biggest asset in the world.
13 Nov 2024
Bombay Stock Exchange (BSE)Swiggy shares debut at ₹420, 8% premium over IPO price
One of India's leading food delivery platform Swiggy has made its debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
13 Nov 2024
Initial Public Offering (IPO)Swiggy's IPO poised to turn 500 employees into 'crorepatis'
Swiggy's much-anticipated initial public offering (IPO) will turn nearly 500 employees into crorepatis.
13 Nov 2024
Donald TrumpMusk to lead 'DOGE' in Trump's administration: What is it?
President-elect Donald Trump has announced that tech mogul Elon Musk and entrepreneur Vivek Ramaswamy will head a new "Department of Government Efficiency" (DOGE) in his upcoming administration.
12 Nov 2024
Air IndiaAir India-Vistara merger complete, to operate 5,600 weekly flights
Air India has successfully completed its merger with full-service carrier Vistara.
12 Nov 2024
Indian Rupee (INR)Indian Rupee hits record low over Dollar rally, equity outflows
The Indian Rupee hit a historic low today, largely owing to the US Dollar's rally and expected outflows from domestic equities.
12 Nov 2024
InflationRetail inflation in October touches 14-month high of 6.21%
India's retail inflation, measured by the Consumer Price Index (CPI), hit a 14-month high of 6.21% in October.
12 Nov 2024
Travel And Tourism260-year-old travel brand 'Cox & Kings' revived under new leadership
Singapore-based private equity and venture capital firm, Wilson & Hughes PTE, has announced that it will be reviving the travel services brand 'Cox & Kings.'
12 Nov 2024
SoftBank GroupSoftBank Vision Fund's co-CEO Rajeev Misra to leave the company
Rajeev Misra, the co-CEO of SoftBank's Vision Fund, is resigning from his leadership roles at the company's flagship technology investment vehicles.
