Business News

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15 Aug 2023

London

Airline charges elderly couple over Rs. 11,000 for ticket printout 

An elderly couple, Ruth and Peter Jaffe, faced a £110 (roughly Rs. 11,600) charge from Ryanair for mistakenly printing the wrong boarding passes.

15 Aug 2023

Amazon

How Amazon is using AI to enhance your shopping experience

Amazon has introduced a generative AI feature that can enhance the shopping experience on the platform.

15 Aug 2023

India

How oil settlement in local currencies will improve India-UAE trade

In a significant development, India and the United Arab Emirates (UAE) completed the first-ever crude oil transaction under the newly implemented Local Currency Settlement (LCS) system.

15 Aug 2023

China

China suspends report on youth unemployment as joblessness crosses 21%

China has decided to suspend the release of the youth unemployment rates, which have increased every month this year.

15 Aug 2023

Cryptocurrency

Cryptocurrency prices: Here are rates of Bitcoin, Ethereum, BNB, XRP

Bitcoin has dropped 0.20% in the past 24 hours to trade at $29,340.04. Compared to last week, it is up 0.52%.

14 Aug 2023

Inflation

At 7.44%, India's retail inflation reaches 15-month high

In July, India's retail inflation rate skyrocketed to a 15-month record of 7.44% YoY. It is a significant increase from June's 4.87%.

14 Aug 2023

Reliance Jio

Jio completes 5G rollout across all spectrum bands

Reliance Jio has successfully finished its minimum roll-out obligations for its 'True 5G' network across all 22 Licensed Service Areas (LSA).

14 Aug 2023

Ferrari

Ferrari's parent company acquires $2.8 billion stake in beleaguered Philips

Exor NV, the investment arm of the Agnelli family, has acquired a 15% stake in healthcare technology group Philips for $2.8 billion.

14 Aug 2023

Foxconn

Foxconn plans to invest 'several billions' in India

Foxconn's strategic pivot to India exemplifies the "China plus one" strategy, which aims to diversify supply chains beyond China.

14 Aug 2023

Stock Market

Sensex and Nifty close with marginal gains amid sell-off pressure

On Monday, the stock market ended on a sluggish note but managed to stay in green. While the Sensex settled at 65,401.92 points, the Nifty closed at 19,434.55 points.

14 Aug 2023

Make in India

India becomes second-largest mobile manufacturer; production crosses 2 billion

The 'Make in India' initiative has played a pivotal role in the growth of India's mobile phone industry.

14 Aug 2023

Go First

Go First seeks Rs. 100 crore emergency funding from lenders

Go First's resolution professional has requested Rs. 100 crore in emergency funding from its creditor banks to cover essential operational expenses.

SEBI wants 15 more days to complete Adani-Hindenburg case investigation 

The Securities and Exchange Board of India (SEBI) has requested the Supreme Court an additional 15 days to complete its investigation into Hindenburg Research's allegations against the Adani Group.

14 Aug 2023

Indian Rupee (INR)

Indian Rupee plummets to 10-month low against the US dollar

The Indian Rupee experienced a 10-month low against the US dollar in early trade on Monday. It fell by 16 paise to Rs. 83.01.

14 Aug 2023

Cryptocurrency

Today's cryptocurrency prices: Rates of Bitcoin, Ethereum, Solana, Tether

Bitcoin has increased 0.06% in the past 24 hours to trade at $29,399.46. It is 0.92% up compared to last week.

14 Aug 2023

Elon Musk

Elon Musk calls Mark Zuckerberg 'chicken' for canceling cage fight

The ongoing feud between Mark Zuckerberg and Elon Musk has escalated further, with Musk taunting the Meta CEO by calling him a "chicken."

13 Aug 2023

Cryptocurrency

Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Tether, Solana 

Bitcoin has decreased 0.02% in the past 24 hours to trade at $29,379.21. It is 1.08% higher than the week before.

12 Aug 2023

Vodafone Idea

Vodafone Idea announces Independence Day offer for prepaid users

Just as Independence Day is around the corner, Vodafone Idea (Vi) has revealed a new 'Freedom Offer' for its customers.

12 Aug 2023

Virat Kohli

Rs. 11.5cr per Instagram post? Virat Kohli denies reported earnings

Popular Indian cricketer Virat Kohli has been featured in the Instagram Rich List 2023.

12 Aug 2023

Cryptocurrency

Today's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, BNB

Bitcoin has risen 0.04% over the last 24 hours to trade at $29,394.93. It is up 1.32% from last week.

12 Aug 2023

Cryptocurrency

FTX founder Sam Bankman-Fried's bail revoked, sent to jail

Sam Bankman-Fried, the founder of FTX, has been ordered to return to prison by a US federal judge for allegedly violating his bail conditions and tampering with witnesses.

11 Aug 2023

Stock Market

Sensex slips 365 points, Nifty settles below 19,430 mark

On Friday, the benchmark Sensex and Nifty indices witnessed a slump.

11 Aug 2023

Adani Group

Adani Ports, Adani Airports eye Rs. 1,500cr bond market entry

Adani Ports and Adani Airports Holding are in discussions with merchant bankers to raise up to Rs. 1,500 crore each through local currency bonds.

11 Aug 2023

Hero MotoCorp

Hero MotoCorp's Q1 success: Key factors driving the profit surge

Hero MotoCorp has announced its Q1 FY24 results, reporting a 32% rise in profit as higher selling prices helped offset a fall in sales volume.

11 Aug 2023

Reliance Industries

RIL shareholders receive Jio Finacial Services shares ahead of AGM

Reliance Industries Ltd (RIL) shareholders have received Jio Financial Services (JFS) shares in their demat accounts after the demerger.

11 Aug 2023

Jeff Bezos

Jeff Bezos just bought a $68 million home near Miami

Jeff Bezos has acquired a waterfront mansion near Miami, Florida, United States.

11 Aug 2023

Fashion

Tapestry is acquiring Versace's parent company Capri for $8.5 billion

Tapestry, the US-based owner of luxury lifestyle brand Coach, has announced it is acquiring Capri, the parent company of Versace.

LIC shares rise 6% as year-on-year profit skyrockets 1,300%

Shares of Life Insurance Corporation of India (LIC) soared nearly 6% on the NSE in early trade after the state insurer reported a 14-fold increase in net profit for the June quarter of FY24.

11 Aug 2023

Cryptocurrency

Cryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Cardano, Solana

Bitcoin has tumbled by 0.52% in the last 24 hours to currently trade at $29,376.90. It is 0.75% up compared to last week.

10 Aug 2023

Adani Group

Adani Enterprises refutes Adani Wilmar stake sale rumors

Adani Enterprises has refuted media reports that said the company was looking to sell its stake in the FMCG joint venture Adani Wilmar.

10 Aug 2023

Zee

NCLT approves Zee-Sony merger; Zee stock gains 18%

The National Company Law Tribunal (NCLT) has given the green light for the merger of Zee Entertainment Enterprises Ltd. and Sony Pictures (Culver Max Entertainment).

10 Aug 2023

Sensex

Sensex falls over 300 points, Nifty settles below 19,550 mark

On Thursday, the benchmark Sensex and Nifty indices witnessed a fall. The Sensex plunged 0.47% to 65,688.18 points, while the Nifty fell 0.46% to 19,543.1 points.

10 Aug 2023

Reliance Jio

Jio launches Independence Day annual recharge plan: Check benefits, price

Reliance Jio has introduced an Independence Day annual prepaid recharge plan priced at Rs. 2,999.

RBI to simplify floating-to-fixed rate conversion for loan borrowers

The Reserve Bank of India (RBI) plans to introduce a simpler and more transparent framework to allow borrowers to switch from floating to fixed interest rates. This will provide relief for those struggling with high rates on home, auto, and other loans.

UPI to support AI-powered conversational payments: How it will work

The Reserve Bank of India (RBI) is exploring the use of artificial intelligence (AI) for conversational payments on the Unified Payments Interface (UPI).

10 Aug 2023

Cryptocurrency

Cryptocurrency prices: Check today's rates of Bitcoin, Ethereum, BNB, Tether

Bitcoin has shed 0.74% over the last 24 hours, trading at $29,524.76. It is 1.4% higher than the previous week.

RBI keeps repo rate unchanged at 6.5% for third time

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has opted to maintain the key repo rate at 6.5%, marking the third consecutive time this decision has been made.

10 Aug 2023

Joe Biden

Joe Biden bans US investment in Chinese tech sector

US President Joe Biden has signed an executive order restricting American investments in Chinese entities.

09 Aug 2023

Indian Rupee (INR)

India is already using INR in trade with neighboring countries

The Indian government has initiated trade in Indian Rupee (INR) with neighboring countries, including Sri Lanka, Nepal, Bangladesh, Bhutan, Iran, and Russia.

09 Aug 2023

Hero MotoCorp

Tax authorities are investigating Hero Motocorp over links to vendor

Indian tax authorities are investigating motorcycle maker Hero MotoCorp's relationship with vendor Salt Experiences over a suspected false expenditure of about Rs. 91 crore.