Business News
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25 Sep 2023
GSTOver 100 online gaming firms under scrutiny for GST evasion
Authorities are set to launch investigations against over 100 online gaming firms for potential Goods and Service Tax (GST) evasion, as reported by Business Today.
25 Sep 2023
StartupsDunzo nears $25-30 million funding boost to keep company afloat
Quick-commerce company Dunzo is poised to secure a crucial $25-30 million cash injection in a funding round involving major investors such as Reliance Retail, Google, and Lightrock.
25 Sep 2023
AppleFire at Apple supplier Pegatron's India facility halts iPhone assembly
A fire incident at Pegatron's iPhone assembly facility near Chennai on Sunday night has led to a temporary halt in production.
25 Sep 2023
LEGOLego shelves plan to make toy bricks from plastic bottles
Popular toy manufacturing company Lego has scrapped its plans to use recycled plastic bottles for making new building blocks.
25 Sep 2023
TechnologyIndia drops proposed mandatory licensing for laptop imports
India is relaxing its planned restrictions on imports of laptops, tablets, and other IT hardware by removing the mandatory licensing requirement for tech importers.
25 Sep 2023
Stock MarketSensex closes at 66,023 points, Nifty settles near 19,680 mark
On Monday, the stock market closed on a flat note, with the Sensex settling at 66,023.69 points and Nifty ending at 19,674.55 points.
25 Sep 2023
AmazonAmazon commits $4 billion investment in AI start-up Anthropic
Amazon announced on Monday its plans to invest up to $4 billion in artificial intelligence (AI) start-up Anthropic, as it seeks to compete with tech giants like Microsoft, Meta, Google, and NVIDIA in the rapidly growing AI sector.
25 Sep 2023
IndiaS&P retains India's growth forecast for FY24 at 6%
S&P Global Ratings has maintained India's growth forecast for the current fiscal year at 6%, despite challenges such as the slowing world economy, rising risk of subnormal monsoons, and delayed effect of interest rate hikes.
25 Sep 2023
Stock MarketDelta Corp shares plummet 20% after hefty GST notice
Casino operator Delta Corp Ltd. has seen its shares drop by 20% after receiving tax notices totaling Rs. 16,822 crore from the Directorate General of GST Intelligence.
25 Sep 2023
Maruti SuzukiMaruti Suzuki shares touch all-time high of Rs. 10,720
Maruti Suzuki has seen its shares rise by over 25% year-to-date, thanks to strong financials and the company's focus on petrol and CNG variants.
25 Sep 2023
India17.5% dip in frontline job demand, women's participation doubles: Report
The demand for frontline jobs in India has decreased by 17.5% in FY23, with 6.6 million jobs created compared to 8 million in FY22, according to the Better Places Frontline Index Report.
25 Sep 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has slipped 1.69% in the past 24 hours to trade at $26,121.44. It is 1.75% lower than the week before.
25 Sep 2023
National Stock ExchangeNSE proposes evening trading session for equity derivatives
The National Stock Exchange (NSE) is seeking approval from the Securities and Exchange Board of India (SEBI) to introduce extended trading hours for equity derivatives.
25 Sep 2023
ChinaChina Evergrande's debt restructuring woes dent confidence of property investors
China Evergrande Group, the poster child of China's property crisis, has encountered another obstacle in its long-pending debt restructuring plan.
25 Sep 2023
Bharti AirtelJio AirFiber vs Airtel Xstream AirFiber: Which is better
India's leading telcos Bharti Airtel and Reliance Jio have introduced their version of Fixed Wireless Access (FWA) service powered by 5G technology.
24 Sep 2023
Reserve Bank Of India (RBI)RBI might keep interest rates unchanged in October: Here's why
The Reserve Bank of India (RBI) is likely to maintain the status quo on policy rates for the fourth consecutive time at its bi-monthly monetary policy review meeting which is scheduled for October 4-6, 2023.
24 Sep 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, XRP, Solana
Bitcoin has climbed 0.08% over the last 24 hours and is currently trading at $26,572.71. It is 0.03% higher than the previous week.
23 Sep 2023
XSamiran Gupta, X (Twitter)'s India policy head resigns
Samiran Gupta, the head of policy for India and South Asia at X (formerly Twitter), has resigned, reported Reuters, citing sources.
23 Sep 2023
PhonePePhonePe's Indus Appstore might launch today; to challenge Google, Apple
Walmart-owned fintech company PhonePe is set to launch its own mobile app store, Indus Appstore, aiming to challenge the dominance of Google and Apple in mobile app distribution.
23 Sep 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, BNB
Bitcoin has shed 0.29% over the last 24 hours and is currently trading at $26,556.6. It is 0.04% higher than the previous week.
22 Sep 2023
StartupsOver 15,300 companies registered in August, says Centre
In August, over 15,300 companies and 4,668 limited liability partnerships (LLPs) were registered in India, marking a 6% increase from the previous year in the corresponding month.
22 Sep 2023
United States of AmericaUS imposes rules to guard chip subsidies against China
The United States' Commerce Department has issued final rules to prevent semiconductor manufacturing subsidies from being used by China and other countries deemed to pose American national security concerns.
22 Sep 2023
BlinkitBlinkit partners with Apple reseller for lightning-fast iPhone 15 deliveries
Blinkit, a subsidiary of Zomato has partnered with Apple premium reseller Unicorn, to deliver the iPhone 15 series in under 10 minutes.
22 Sep 2023
Alibaba GroupAlibaba subsidiary targets $1 billion in Hong Kong IPO
Cainiao Network Technology, the logistics subsidiary of Alibaba Group, is preparing to submit its application for an initial public offering (IPO) in Hong Kong as soon as next week.
22 Sep 2023
Stock MarketSensex slips 221 points, Nifty settles below 19,680 mark
On Friday, the benchmark Sensex and Nifty indices witnessed a fall.
22 Sep 2023
SpiceJetSC allows SpiceJet to pay Credit Suisse in monthly installments
The Supreme Court has allowed Indian airline SpiceJet to pay its outstanding dues to Credit Suisse in monthly installments for six months.
22 Sep 2023
Stock MarketNirma acquires stake worth Rs. 5,651cr in Glenmark Life Sciences
Glenmark Pharmaceuticals has agreed to sell a 75% stake in its subsidiary, Glenmark Life Sciences, to Nirma for Rs. 5,651 crore.
22 Sep 2023
MicrosoftUK regulator likely to approve Microsoft's $69 billion Activision acquisition
The UK's antitrust regulator, Competition and Markets Authority (CMA), has indicated that Microsoft's $69 billion acquisition of Activision Blizzard might be cleared, following the divestment of streaming rights to Ubisoft Entertainment.
22 Sep 2023
Artificial Intelligence and Machine LearningCentre mulling GPU cluster to support AI start-ups: Rajeev Chandrasekhar
The Indian government is planning to establish a major graphics processing unit (GPU) cluster.
22 Sep 2023
Rupert MurdochWho is Lachlan Murdoch, successor of Rupert Murdoch's media empire
Rupert Murdoch, aged 92, is stepping down as the chairman of Fox and News Corp after a seven-decade career as one of the world's most influential and controversial media tycoons.
22 Sep 2023
GoogleSundar Pichai mourns loss of veteran Google employee Luiz Barroso
Sundar Pichai, CEO of Google, has expressed his grief over the passing of Luiz André Barroso, the inventor of the modern data center and a veteran Google employee, who reshaped the landscape.
22 Sep 2023
WiproWipro is in a state of crisis: Here's why
India's fourth-largest software services firm, Wipro, faces weak growth, declining headcount, and subdued numbers for the third consecutive quarter.
22 Sep 2023
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Solana, BNB
Bitcoin has slipped by 1.61% in the past 24 hours to trade at $26,627.96. It is 0.07% lower than the week before.
22 Sep 2023
JP MorganIndia's inclusion in JPMorgan's emerging-markets bond index will boost inflows
JPMorgan has announced the inclusion of India in its widely tracked Government Bond Index-Emerging Markets (GBI-EM) index, benchmarked by about $236 billion in global funds.
22 Sep 2023
TeslaTesla eyes India for creating a battery storage factory
Tesla has submitted a proposal to Indian officials for a factory, to produce battery storage systems on our shores.
22 Sep 2023
AppleApple becomes largest smartphone exporter in India, surpassing Samsung
Apple has become India's largest smartphone exporter, shipping 49% of the total 12 million shipments in the country in the first quarter (Q1) of this year, reported The Economic Times.
21 Sep 2023
United States of AmericaRupert Murdoch steps down as chairman of Fox, News Corp
Media mogul Rupert Murdoch has announced that he will be stepping down from his role as chairman of the board of both Fox Corporation and News Corp. The corporations made the decision public on Thursday.
21 Sep 2023
Stock MarketSensex slips to 66,230 points, Nifty settles above 19,740 mark
On Thursday, the benchmark Sensex and Nifty indices witnessed a fall. The Sensex plunged by 0.86% to end at 66,230.24 points, while the Nifty fell by 0.81% to finish at 19,742.35 points.
21 Sep 2023
Initial Public Offering (IPO)Instacart co-founder Apoorva Mehta (37) nets $1.1 billion post-IPO exit
Apoorva Mehta (37), co-founder of Instacart, has earned a whopping $1.1 billion after the company launched its initial public offering (IPO).
21 Sep 2023
AmazonAmazon scraps additional 2% fee for Seller Fulfilled Prime program
Amazon has officially abandoned its plan to charge an extra 2% fee from Prime sellers who don't use the company's shipping services.
