Business News

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21 Sep 2023

Cryptocurrency

Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Shiba Inu

Bitcoin has lost 0.23% in the last 24 hours, trading at $27,089.24. It is 3.35% up compared to last week.

21 Sep 2023

Tata

TCPL in final talks for 65-70% stake in Capital Foods

Tata Consumer Products Ltd (TCPL) is reportedly in the final stages of negotiations to acquire 65-70% of Capital Foods Pvt Ltd, known for Ching's Secret and Smith & Jones brands, at a valuation of Rs. 5,500 crore.

20 Sep 2023

Akasa Air

Reasons why Akasa Air is in a 'state of crisis' 

Akasa Air has recently found itself facing a storm of challenges.

20 Sep 2023

Startups

Google-backed Kuku FM raises $25 million, plans to expand catalog

Google-backed Indian audio platform Kuku FM has raised $25 million in a Series C funding round led by Fundamentum Partnership, a venture capital firm founded by Indian billionaire Nandan Nilekani.

20 Sep 2023

Adani Group

TotalEnergies and Adani Green form $300 million joint venture

TotalEnergies SE will invest $300 million in a 50:50 joint venture with Adani Green Energy Twenty Three Limited (AGE23L), according to a regulatory filing by the Adani Group on September 20.

20 Sep 2023

Stock Market

Sensex slips to 66,800 points, Nifty settles near 19,900 mark

On Wednesday, the benchmark Sensex and Nifty indices witnessed a fall. The Sensex plunged 1.19% to end at 66,800.84 points, while the Nifty fell 1.17% to 19,901.4 points.

20 Sep 2023

Akasa Air

Akasa Air granted permission to undertake international flights

The civil aviation ministry has approved Akasa Air's request to launch international flights.

20 Sep 2023

Ministry of Finance

Government's borrowing plan for H2 FY24 to remain unchanged

The Ministry of Finance is unlikely to alter the government's borrowing plan for the second half of FY24, maintaining the scheduled Rs. 6.55 lakh crore announced in late March.

20 Sep 2023

Cryptocurrency

FTX sues Sam Bankman-Fried's parents for allegedly misappropriating company funds

FTX, a cryptocurrency company, is suing the parents of its founder Sam Bankman-Fried, accusing them of misappropriating company funds for personal gain.

20 Sep 2023

Cryptocurrency

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

Bitcoin has risen 1.03% over the last 24 hours to trade at $27,143.65. It is up 4.71% from last week.

20 Sep 2023

Microsoft

Microsoft might surpass Apple as world's largest stock: Here's why

Investors are closely monitoring Microsoft's recent surge in stock market performance, which has brought it closer to Apple. Microsoft's shares have outpaced Apple's in recent weeks, narrowing the gap in market value between the two tech giants.

19 Sep 2023

CIPLA

Torrent Pharma seeks $1 billion loan for Cipla bid

India's Torrent Pharmaceutical is in preliminary discussions with Apollo Global Management to secure a loan of up to $1 billion, aiming to fund a planned bid for its larger rival, Cipla, according to Reuters.

RBI considers priority sector lending for domestic solar panel manufacturing

The Reserve Bank of India (RBI) is contemplating the inclusion of solar panel manufacturing in the priority sector lending bracket, as per The Economic Times.

19 Sep 2023

Microsoft

Microsoft product chief Panos Panay departs: Recalling his achievements

Microsoft's executive vice president and chief product officer, Panos Panay is set to leave the company after 19 years of tenure.

19 Sep 2023

Cryptocurrency

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

Bitcoin has increased 0.86% in the past 24 hours to trade at $26,863.59. Compared to last week, it is 4.61% up.

CIC growth down 4.2% because of Rs. 2,000 note withdrawal

The Reserve Bank of India (RBI) has revealed in its monthly bulletin that the rise in currency in circulation (CIC) has dropped to 4% from 8.2%.

18 Sep 2023

India

Centre's direct tax collections increase 23.5% to Rs. 8.65L crore

The Indian government has reported a 23.5% increase in provisional direct tax collections, reaching Rs. 8,65,117 crore as of September 16, 2023.

SBI customers can now open NRE, NRO accounts through YONO

The State Bank of India (SBI) has launched a digital facility for Non-Resident Indians (NRIs) to open Non-Residential External (NRE) and Non-Resident Ordinary (NRO) accounts using its mobile app, YONO.

18 Sep 2023

Delhi

'Delhi Bazaar' online marketplace to be launched soon

The Delhi government will soon launch an online marketplace called "Delhi Bazaar" to bring the city's renowned markets onto a single virtual platform.

18 Sep 2023

Stock Market

Sensex slips 242 points, Nifty settles near 20,130 mark

On Monday, the benchmark Sensex and Nifty indices witnessed a fall.

Centre announces new welfare measures for LIC agents and employees

The Indian government has announced a slew of welfare measures for over 13 lakh agents and one lakh regular employees of Life Insurance Corporation of India (LIC).

18 Sep 2023

BYJU'S

BYJU'S delays settlements of 1,000 laid-off employees to November

BYJU'S, the world's most valuable edtech company, has postponed the full and final settlements of nearly 1,000 laid-off workers from September to November as it faces a liquidity crunch.

18 Sep 2023

Cryptocurrency

Today's cryptocurrency prices: Check Bitcoin, Ethereum, Tether, XRP rates

Bitcoin has climbed 0.21% in the past 24 hours, trading at $26,604.15. It is 3.24% higher than last week.

18 Sep 2023

China

China Evergrande's shares plunge 25% amid staff detentions

Real estate company China Evergrande Group saw its shares fall by 25% after police detained some of the staff from its wealth management unit, signaling a new investigation that could exacerbate the property company's troubles.

18 Sep 2023

Reliance Jio

Jio AirFiber to launch tomorrow: How it differs from JioFiber

Reliance Jio is gearing up to launch its wireless internet service, Jio AirFiber, tomorrow.

17 Sep 2023

Cryptocurrency

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

Bitcoin has lost 0.24% in the last 24 hours and is currently trading at $26,548.54. However, it is up by 2.87% from last week.

16 Sep 2023

Cryptocurrency

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

Bitcoin has slipped by 0.35% in the past 24 hours to currently trade at $26,552.98. However, it is 2.6% higher than the week before.

Who is Kiwi Camara, 39-year-old CEO who quit $110mn job

Kiwi Camara, co-founder and CEO of a lesser-known firm called CS Disco, is back in the news.

15 Sep 2023

Tata Steel

Tata Steel and UK sign pact for biggest sectoral investment

The UK government has offered a £500 million support package to Tata Steel, owner of the Port Talbot Steelworks, to help move to greener production methods.

15 Sep 2023

Mumbai

Mumbai's residential market to surpass Rs. 2L crore by 2030 

A report by the National Real Estate Development Council (NAREDCO) Maharashtra predicts that Mumbai's residential real estate market will surpass Rs. 1 lakh crore in 2023.

15 Sep 2023

Deepika Padukone

Deepika Padukone invests in specialty coffee chain Blue Tokai 

Bollywood superstar Deepika Padukone has made a strategic move into the world of specialty coffee by acquiring an undisclosed stake in the Gurgaon-based coffee chain, Blue Tokai Coffee Roasters.

15 Sep 2023

India

India's trade deficit shrinks to $24.16 billion in August

India's merchandise trade deficit decreased to $24.16 billion in August this year. This is down 2.8% from the same month in 2022, according to Commerce Secretary Sunil Barthwal.

15 Sep 2023

Uttar Pradesh

Ashok Leyland to set up Rs. 1,000cr plant in UP 

Ashok Leyland announced today that it will invest Rs. 1,000 crore in Uttar Pradesh (UP) to establish a state-of-the-art bus manufacturing facility with a focus on clean mobility.

15 Sep 2023

Stock Market

Sensex climbs to 67,838 points, Nifty settles near 20,200 mark

On Friday, the benchmark Sensex and Nifty indices showed an upward trend, reaching their all-time high.

15 Sep 2023

Pakistan Government

Subway introduces its first-ever 3-inch sandwich to fight inflation

In an effort to combat soaring inflation in Pakistan, Subway, the US-based fast-food chain, has introduced a three-inch sandwich for the first time in any market.

15 Sep 2023

Flipkart

Flipkart's 'price lock' feature coming soon: How it will work

Walmart-owned Flipkart is gearing up to launch a new 'price lock' feature ahead of the festive season. It will allow customers to secure a specific product at a set price by making a small deposit.

15 Sep 2023

Nifty

Nifty IT hits fresh 52-week high, up 27% since April

It's been approximately five months since April 17, 2023, when the Nifty IT index touched a 52-week low of 26,184.45. Since then IT stocks have shown an impressive comeback.

15 Sep 2023

JP Morgan

JPMorgan plans to fund Indian start-ups

JPMorgan Chase & Co. is planning to finance start-ups in India, targeting companies that are pioneers in their sectors and have a large consumer orientation, according to Bloomberg.

15 Sep 2023

Cryptocurrency

Binance aids Libya flood victims with $500,000 BNB token airdrop

In response to the devastating floods in Libya, cryptocurrency exchange Binance has announced a $500,000 (around Rs. 4.15 crore) BNB token airdrop.

15 Sep 2023

SpiceJet

SpiceJet settles $1.5 million debt with Credit Suisse

SpiceJet has paid $1.5 million to Credit Suisse, adhering to the Supreme Court of India's order, the company said in a regulatory filing.