Business News
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11 Oct 2023
CryptocurrencySam Bankman-Fried 'directed me' to commit crimes, testifies ex-girlfriend
Caroline Ellison, the former CEO of Alameda Research and Sam Bankman-Fried's ex-girlfriend, appeared as a witness in the ongoing FTX fraud trial.
11 Oct 2023
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Shiba Inu
Bitcoin has dropped 1.76% in the past 24 hours to trade at $27,122. Compared to last week, it is down 0.97%.
11 Oct 2023
Elon MuskMusk has 24 hours to tackle Israel-Hamas 'disinformation' on X
The European Union is calling on Elon Musk to tackle the spread of "disinformation" on his social media platform X, formerly known as Twitter.
11 Oct 2023
IndiaDirect tax collections in India surge 21.8% in FY24
India's direct tax collections have soared by 21.82% year-on-year, hitting Rs. 9.57 lakh crore in the current fiscal year (2023-24) up to October 9.
10 Oct 2023
VivoMoney laundering: ED arrests Vivo India executives, Lava International MD
The Enforcement Directorate (ED) on Tuesday arrested three executives of Chinese mobile maker Vivo Mobiles India, including a Chinese national, as part of its ongoing investigation into alleged money laundering and tax evasion.
10 Oct 2023
International Monetary FundIMF hikes India's growth forecast to 6.3%, lowers China's
The International Monetary Fund (IMF) has revised India's 2023-24 growth forecast from 6.1% to 6.3%, thanks to "stronger-than-expected" consumer spending in the April-June quarter.
10 Oct 2023
Central Board of Direct Taxes (CBDT)35 lakh income tax refunds delayed in India: Here's why
Income tax refunds for around 35 lakh taxpayers are currently "held up" due to mismatch and validation issues with their bank accounts, as per Central Board of Direct Taxes (CBDT) Chairperson Nitin Gupta.
10 Oct 2023
IndiaIndia needs to target 8% growth to outpace China: Barclays
India needs to achieve an annual growth rate of 8% to overtake China as the largest contributor to the global economy, says Barclays Plc.
10 Oct 2023
Reserve Bank Of India (RBI)RBI restricts Bank of Baroda from adding customers via app
The Reserve Bank of India (RBI) has ordered Bank of Baroda to halt the addition of new customers through its digital banking app, BoB World.
10 Oct 2023
Mukesh AmbaniMukesh Ambani replaces Gautam Adani as India's richest
The "360 One Wealth Hurun India Rich List 2023" has revealed some major shifts in India's wealth landscape.
10 Oct 2023
IsraelMia Khalifa's Playboy podcast deal terminated over her pro-Hamas posts
Former adult film star Sarah Chamoun, also known as Mia Khalifa, has lost a podcast deal with Canadian radio host Todd Shapiro due to her public support for Palestine amid the ongoing Israel-Hamas conflict.
10 Oct 2023
XiaomiEx-Xiaomi VP Manu Jain joins G42 as India CEO
Manu Kumar Jain, former CEO and Global VP of Xiaomi, has recently taken the helm as CEO of G42's Indian division.
10 Oct 2023
Stock MarketSensex climbs 567 points, Nifty settles near 19,690 mark
On Tuesday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.
10 Oct 2023
Stock MarketNifty Realty Index jumps 5% to reach 15-year high
The Nifty Realty Index soared over 5% on Tuesday, with select shares surging by an impressive 18%.
10 Oct 2023
FinanceIREDA to raise Rs. 1,000cr through 10-year bonds
The Indian Renewable Energy Development Agency (IREDA) is gearing up to raise a Rs. 1,000 crore through the issuance of bonds that have a 120-month maturity period, reported Moneycontrol.
10 Oct 2023
FlipkartFlipkart's grocery services temporarily halted: Here's why
Flipkart, India's e-commerce giant, had temporarily suspended taking grocery orders due to an overwhelming response during its annual Big Billion Days festive sale.
10 Oct 2023
ChinaChinese copper mogul goes missing, possibly held by police
He Jinbi, a Chinese copper tycoon and the founder of Maike Metals International Co., has reportedly gone missing, with colleagues speculating that he may have been detained by police for questioning.
10 Oct 2023
United States of AmericaUS defense stocks surge amid Israel-Hamas war
As the conflict between Israel and Hamas intensifies, defense stocks in the United States (US) are seeing remarkable growth.
10 Oct 2023
General MotorsGM lays off 200 more employees amid UAW strike
General Motors (GM) has announced that nearly 200 more employees will be laid off due to the ongoing United Auto Workers (UAW) strike, bringing the total number of affected workers to around 2,300, Reuters reported.
10 Oct 2023
CryptocurrencyCryptocurrency prices today: Here are rates of Bitcoin, Ethereum, Solana
Bitcoin has lost 1.23% in the last 24 hours, trading at $27,609.87. It is up 0.12% compared to last week.
10 Oct 2023
ChatGPTChatGPT's app revenue hits record high, but growth is stalling
In September, ChatGPT, the popular artificial intelligence (AI) chatbot app by OpenAI, hit a new milestone with a whopping 15.6 million downloads and $4.58 million in gross revenue worldwide.
09 Oct 2023
IndiaFintech industry to gain self-regulatory organization in 3-6 months
The fintech and digital lending companies are gearing up to create a self-regulatory organization (SRO) within the next 3-6 months, as per insiders involved in discussions with the Reserve Bank of India.
09 Oct 2023
FintechIndian-origin entrepreneur fires 40% staffers of his fintech start-up
San Francisco-based fintech start-up Synapse, led by Indian-origin CEO Sankaet Pathak and backed by global venture capital firm Andreessen Horowitz (a16z), has laid off 86 employees, which is nearly 40% of its workforce.
09 Oct 2023
IndiaGoldman Sachs predicts Indian government will curb investments
Goldman Sachs forecasts a decrease in the Indian government's investment spending in the coming years as it works to reduce its budget deficit.
09 Oct 2023
Electric ScootersCentre demands $60 million refund from e-scooter makers: Here's why
The Indian government is calling on six electric scooter manufacturers, including Hero Electric Vehicles Pvt, to return $60 million (nearly Rs. 500 crore) in subsidies for breaking localization rules, Bloomberg reports.
09 Oct 2023
IsraelOil prices jump up to 5% amid Israel-Hamas war
The price of Brent crude, the international benchmark, on Monday surged as high as $88.76 per barrel, rising around $4.18, or 4.94%, while US West Texas Intermediate crude rose to $87.02 a barrel, up $4.23, or 5.11%.
09 Oct 2023
Stock MarketSensex slips 483 points, Nifty settles near 19,510 mark
On Monday, the benchmark Sensex and Nifty indices were on a downward trend.
09 Oct 2023
IsraelBank of Israel to sell $30bn forex to stabilize shekel
The Bank of Israel has announced its intention to sell up to $30 billion in foreign currency in the open market, Reuters reported.
09 Oct 2023
SwiggySwiggy introduces affordable 'One Lite' membership program: Check benefits
Swiggy, the popular food delivery platform has unveiled Swiggy One Lite, a budget-friendly version of the Swiggy One membership program in India.
09 Oct 2023
GermanyGermany's industrial output decline in August stirs recession concerns
Germany's industrial sector saw its fourth month of decline in a row in August, with output dropping by 0.2%, as reported by the Federal Statistics Office.
09 Oct 2023
Ather EnergyEV-maker Ather Energy eyes global markets with new manufacturing facility
Ather Energy, a Bengaluru-based electric two-wheeler manufacturer, is prepping for its international debut in key markets such as Southeast Asia, Latin America, and Europe, reported the Business Line.
09 Oct 2023
CitibankHSBC buys Citigroup's China wealth management business for $3.6 billion
HSBC Holdings will acquire Citigroup's retail wealth management business in mainland China, a strategic move aimed at becoming a top player in the country's booming wealth market.
09 Oct 2023
SoftBank GroupSoftBank trims stake in PolicyBazaar parent PB Fintech by 2.5%
Japanese investment holding company SoftBank has sold an additional 2.54% stake, or 11.4 million shares, in PolicyBazaar's parent company, PB Fintech Ltd., through a bulk deal. These shares were sold at a price of Rs. 762.8 each.
09 Oct 2023
Tata Consultancy Services (TCS)TCS hits 52-week high on share buyback hopes
Tata Consultancy Services (TCS) is set to consider a share buyback, with the decision to be announced alongside its July-September quarterly results on October 11.
09 Oct 2023
GoogleSC reschedules Google's appeal against CCI's antitrust verdict to 2024
The Supreme Court of India has postponed the hearing of Google's appeal against the National Company Law Appellate Tribunal (NCLAT) order, which supported a Rs. 1,338 crore penalty imposed by the Competition Commission of India (CCI) for anti-trust violations.
09 Oct 2023
IsraelIsrael-Hamas war: Investors lose Rs. 4L crore as markets decline
The Israel-Palestine conflict has emerged as a fresh concern for global markets. Indian markets are feeling the thaw too.
09 Oct 2023
ChinaChina Evergrande's $500 million EV share deal suspended amid uncertainties
Evergrande New Energy Vehicle Group, the electric vehicle (EV) arm of the troubled property developer China Evergrande, has put its $500 million share subscription deal with US-listed NWTN on hold.
09 Oct 2023
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Shiba Inu
Bitcoin has slipped 0.16% in the past 24 hours to trade at $27,951.81. It is 0.35% lower than the week before.
09 Oct 2023
Stock MarketDemat accounts surge by 26% YoY to 12.97cr in September
The number of demat accounts in India has surged by 26% year-on-year, reaching 12.97 crore in September, mainly due to the appealing returns from local equities.
08 Oct 2023
CryptocurrencyCryptocurrency prices: Check rates of Bitcoin, Ethereum, Solana, BNB today
Bitcoin has surged 0.04% in the past 24 hours to trade at $27,946.25 currently. It is up by 3.32% compared to last week.
