Business News
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21 Jan 2023
MetaEU regulator fines Meta again; this time for WhatsApp
Meta cannot seem to catch a respite from fines. Two weeks after it imposed a hefty €390 million penalty on the tech giant for violating Europe's privacy laws, the Irish Data Protection Commission (DPC) has fined Meta an additional €5.5 million.
20 Jan 2023
XWhat's happening at Twitter: From auctioning furniture to falling revenues
Twitter's dire financial condition is public knowledge now. With several advertisers leaving the platform, the company has been aggressively cutting costs.
20 Jan 2023
GoogleGoogle parent Alphabet to fire 12,000 employees; Sundar Pichai apologizes
The layoff season in the technology sector refuses to go away. Google parent Alphabet Inc. has joined the list of tech giants to drop the axe on its employees.
20 Jan 2023
Stock MarketSensex sheds 236 points, Nifty settles near 18,000 mark
The stock market closed in red on Friday with the Sensex settling 236 points below at 60,621.77 points and Nifty ending 80 points lower at 18,027.65 points.
20 Jan 2023
SwiggySwiggy fires 380 employees amid 'challenging economic conditions'
Food and grocery delivery platform Swiggy has become the latest of India's start-ups to fire employees. In a bid to rationalize its business amid ongoing funding winter, the company has laid off 380 staffers.
20 Jan 2023
CryptocurrencyCryptocurrency prices: Today's rates of Bitcoin, Ethereum, Shiba Inu, Tether
Bitcoin has climbed 1% in the past 24 hours to trade at $21,027.11. Compared to last week, it is 11.5% up.
20 Jan 2023
NetflixNetflix appoints new CEOs as co-founder Reed Hastings steps down
A new chapter has begun at Netflix. Co-founder Reed Hastings has decided to step down from his role as CEO, a position he held for over two decades during which the company grew from a rent-by-mail DVD service to an entertainment behemoth.
19 Jan 2023
GoogleSupreme Court rejects Google's appeal against CCI Android antitrust ruling
Google's Android dominance in India might be nearing an end. On Thursday, the Supreme Court refused to interfere with the National Company Law Appellate Tribunal (NCLAT) ruling which denied the tech giant a stay in the Competition Commission of India's (CCI) order imposing a penalty of Rs. 1,337.76 crore.
19 Jan 2023
Mukesh AmbaniAnant Ambani, Radhika Merchant are now engaged! See pictures inside
Business tycoon Mukesh Ambani and Nita Ambani's younger son, Anant Ambani got engaged to Radhika Merchant on Thursday. Their grand engagement ceremony was held at the private residence of the Ambanis, Antilia in Worli, Mumbai, which was decked up with lights and fresh flowers for the occasion.
19 Jan 2023
Stock MarketSensex slips 187 points, Nifty barely holds 18,100 mark
On Thursday, major indices of the stock market ended in red with the Sensex settling at 60,858.43 points and the Nifty closing at 18,107.85 points.
19 Jan 2023
XFalling revenue and estranged advertisers leave Twitter in a turmoil
Twitter has been struggling financially. Its new CEO-cum-owner Elon Musk has been trying to turn around the company's fortunes, but it seems that those moves are yet to bear fruit.
19 Jan 2023
CryptocurrencyCryptocurrency prices: Today's rates of Bitcoin, Ethereum, Solana, Shiba Inu
Bitcoin has lost 2.1% in the last 24 hours, trading at $20,827.18. It is up 15.7% from last week.
18 Jan 2023
5G Technology5G smartphone shipments in India to grow by 70%: Report
Looks like India's 5G smartphone market is staring at a fruitful 2023. As per a report by CyberMedia Research (CMR), the market is expected to expand by 70% year-over-year by the end of CY23.
18 Jan 2023
Stock MarketSensex gains 390 points, Nifty settles above 18,150 mark
On Wednesday, the stock market had a bearish opening but witnessed a surge later. The Sensex jumped 0.64% to 61,045.74 points, while the Nifty climbed 0.62% to 18,165.35 points.
18 Jan 2023
Indian StartupsGoMechanic fires 70% of its workforce; financial books under scanner
Automobile after-sales service start-up GoMechanic has fired roughly 70% of its workforce or around 500 employees.
18 Jan 2023
Adani GroupAdani Enterprises files papers for India's largest FPO: Key facts
Adani Enterprises has filed papers for a follow-on public offer (FPO) with the Securities and Exchange Board of India (SEBI). The company aims to raise a whopping Rs. 20,000 crore through the FPO.
18 Jan 2023
XTwitter's woes continue: Revenue falls 40% as interest payment nears
Ever since Elon Musk took over Twitter, he has been on a mission to find new revenue-generating opportunities for the platform. It seems that he is yet to hit the gold in that regard.
18 Jan 2023
CryptocurrencyFTX collapse: Cryptocurrency worth $415 million stolen by hackers
Collapsed cryptocurrency exchange FTX's woes are unlikely to end soon.
18 Jan 2023
CryptocurrencyToday's cryptocurrency prices: Rates of Bitcoin, Ethereum, Shiba Inu, Tether
Bitcoin has risen 0.7% over the last 24 hours to trade at $21,289.53. It is up 22.1% from last week.
18 Jan 2023
GoogleGoogle launches its own UPI soundbox; piloting in select locations
With Indians embracing UPI payments wholeheartedly, busy point-of-sale activity is a regular sight in Indian shops. It is hard to keep a track of UPI transactions with the usual hustle and bustle in India.
18 Jan 2023
Bharti AirtelAirtel launches its 5G services in Jaipur, Udaipur, and Kota
Bharti Airtel has rolled out its 5G services in three cities of Rajasthan: Jaipur, Udaipur, and Kota.
17 Jan 2023
Union BudgetCentre mulling over reducing income tax rates under new regime
The central government is mulling over lowering income tax rates in order to make the new direct tax regime more attractive, as per a report by Reuters.
17 Jan 2023
World Economic ForumGlobal recession risk is high, warns World Economic Forum
To the long list of organizations and people that expect a recession this year, we can add the World Economic Forum's (WEF) Community of Chief Economists.
17 Jan 2023
Reliance JioJio 5G services launched in 16 new cities: Check coverage
Reliance Jio has rolled out its 5G services to 16 more cities across seven states, including Tamil Nadu, Telangana, and Kerala, bringing the total count to 134 cities.
17 Jan 2023
Stock MarketSensex climbs 563 points, Nifty rises above 18,050 mark
On Tuesday, the benchmark Sensex and Nifty indices saw gains. While the Sensex rose 0.93% to 60,655.72 points, the Nifty jumped 0.88% to 18,053.3 points.
17 Jan 2023
Artificial Intelligence and Machine LearningMeet Beatoven.ai, the AI that can create original, royalty-free music
Content creators rely heavily on music to make their content appealing. However, they are often faced with the copyright hurdle in finding the appropriate music, making content curation a backbreaking process.
17 Jan 2023
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Solana, Tether
Bitcoin has lost 0.1% in the last 24 hours, trading at $21,156.19. It is 23.0% up compared to last week.
16 Jan 2023
Lalit ModiWho is Ruchir Modi, the successor of Lalit Modi's empire
Former IPL chairman Lalit Modi has named his son Ruchir Modi as his successor beneficiary in the KK Modi Family Trust with immediate effect.
16 Jan 2023
Supreme Court Of IndiaGoogle "contrived emergency" in seeking stay on Android anti-trust ruling
The Supreme Court of India, on Monday, said it will hear Google's plea against the Competition Commission of India (CCI) order on the Android ecosystem on January 18.
16 Jan 2023
Bharti AirtelAirtel launches 5G Plus in Agra, Meerut, Gorakhpur, Kanpur, Prayagraj
Bharti Airtel has launched 5G Plus in five major cities of Uttar Pradesh including Agra, Meerut, Gorakhpur, Kanpur, and Prayagraj.
16 Jan 2023
Stock MarketSensex falls 168 points, Nifty settles below 17,900 mark
The stock market on Monday ended on a sluggish note as the Sensex settled at 60,092.97 points and the Nifty stood at 17,894.85 points.
16 Jan 2023
StartupsIndian start-up, backed by Twitter and Google, fires 20% workforce
A month after it fired over 100 employees, Indian social media app ShareChat has now laid off 20% of its workforce.
16 Jan 2023
HDFC BankHDFC Q3 results: Profit jumps 19% to Rs. 12,735 crore
HDFC Bank has announced its financial results for the current fiscal year's third quarter.
16 Jan 2023
Amazon'People are crying': Employee describes grim scenes at Amazon India
Amazon is expected to axe around 1,000 employees in India this month as part of its second round of layoffs. The company has already begun the process, and according to an employee, the situation is depressing.
16 Jan 2023
CryptocurrencyCryptocurrency prices: Today's rates of Bitcoin, Ethereum, Solana, Shiba Inu
Bitcoin has risen 1.8% over the last 24 hours to trade at $21,168.81. It is up 24.0% from last week.
15 Jan 2023
CryptocurrencyToday's cryptocurrency prices: Check Bitcoin, Ethereum, Dogecoin, Tether rates
Bitcoin has slipped by 0.6% in the past 24 hours to trade at $20,748.22. It is 22.4% higher than the week before.
14 Jan 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has climbed 10.6% in the past 24 hours, trading at $20,816.09. It is 22.7% higher than last week.
13 Jan 2023
AmazonAmazon begins layoffs in India; over 1,000 to be fired
A few days after CEO Andy Jassy confirmed that the company's mass layoffs will affect over 18,000 employees, Amazon has begun its second round of layoffs in India.
13 Jan 2023
Bharti AirtelAirtel launches its 5G services in Jharkhand and Bihar
Bharti Airtel has launched its 5G services in Jharkhand and Bihar. The telco is rolling out the services in a phased manner and will soon cover the entirety of the states.
13 Jan 2023
Bill GatesBill Gates is not a big fan of Web3, metaverse
Microsoft co-founder Bill Gates is seemingly not a big fan of Web3 and metaverse. The tech doyen poured cold water over what is supposedly the next big thing during an Ask-Me-Anything session on Reddit.
