Business News
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17 Oct 2023
Bajaj FinanceBajaj Finance's Q2 net profit jumps 28% to Rs. 3,551cr
Bajaj Finance has reported a 28% year-on-year jump in consolidated net profit for Q2 of the current fiscal year, hitting Rs. 3,551 crore. However, it failed to beat the estimates.
17 Oct 2023
JioCinemaJioCinema's new OTT show will let you invest in start-ups
JioCinema is gearing up to launch Indian Angels, which is being touted as the world's first angel investment show on an over-the-top (OTT) platform.
17 Oct 2023
Stock MarketSensex gains 261 points, Nifty settles above 19,810 mark
On Tuesday, the benchmark Sensex and Nifty indices of the stock market showed an upward trend.
17 Oct 2023
IndiaIndia's steel demand to grow at 8.6% in 2023
India's steel demand is projected to experience a 'healthy growth' of 8.6% in 2023, as against the global average increase of 1.8%, according to The World Steel Association (worldsteel).
17 Oct 2023
EmploymentIndia's job market failing to absorb educated youth: Kotak report
A study by Kotak Institutional Equities shows that despite some progress in the past five years, unemployment rates among educated Indians remain high.
17 Oct 2023
Reliance IndustriesMukesh Ambani's Jio Financial Services to launch new loan products
Jio Financial Services (JFS) is gearing up to launch a variety of loan products, including auto and home loans, as the Mukesh Ambani-backed company aims to become a one-stop financial services firm in India's rapidly growing market.
17 Oct 2023
ICICI BankICICI Securities shares gain 8% on strong Q2 performance
ICICI Securities's stock jumped 8% to reach Rs. 683 during today's trading session on the NSE. This increase was triggered by the company's strong Q2 earnings.
17 Oct 2023
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Solana, Tether
Bitcoin has climbed 3.73% in the past 24 hours to trade at $28,228.02. Compared to last week, it is up 2.25%.
17 Oct 2023
LinkedInLinkedIn axes over 660 employees in second cut this year
Microsoft-owned LinkedIn has announced a second wave of job cuts this year, impacting as many as 668 employees across its engineering, product, talent, and finance teams.
16 Oct 2023
SpiceJetSpiceJet and Engine Lease Finance have reached an out-of-court settlement
Troubled budget airline SpiceJet and Engine Lease Finance Corporation Aviation Services Ltd. have reached an amicable agreement, putting a halt to proceedings in the Delhi High Court.
16 Oct 2023
NBFCJio Financial's Q2 net profit jumps 101% to Rs. 668cr
Jio Financial Services has announced its first-ever quarterly results since going public in August.
16 Oct 2023
IndiaIndia records highest-ever passenger vehicle sales in Q2
India's passenger vehicle wholesales hit their highest level in any quarter so far in the second quarter of 2023, reported the Society of Indian Automobile Manufacturers (SIAM).
16 Oct 2023
US DollarsIndian Rupee plunges to one-year low amid oil price concerns
The Indian Rupee has hit a one-year low, dropping to 83.28 against the US Dollar on Monday.
16 Oct 2023
ChinaFormer Bank of China head arrested on corruption charges
Liu Liange, the ex-chief of the Bank of China, has been arrested for allegedly accepting bribes and illegally approving loans.
16 Oct 2023
Electric VehiclesGovernment to bring another PLI scheme to boost EV adoption
The Indian government is coming out with another production-linked incentive (PLI) scheme for batteries, aiming to cut costs and boost the adoption of electric vehicles (EVs) across the nation, said Union Power and New & Renewable Energy Minister RK Singh.
16 Oct 2023
HDFC BankHDFC Bank posts its highest-ever quarterly net profit in Q2
HDFC Bank has announced its financial results for the second quarter of the fiscal year 2023-24 (Q2FY24), showing an impressive 50.6% increase in standalone net profit.
16 Oct 2023
SwiggySwiggy increases platform fee on food delivery orders: Here's why
Popular food delivery service Swiggy has increased its platform fee by 50%, from Rs. 2 to Rs. 3 per order.
16 Oct 2023
Stock MarketSensex slips 115 points, Nifty settles near 19,730 mark
On Monday, the major indices of the stock market ended on a sluggish note.
16 Oct 2023
Federal BankFederal Bank Q2 net profit rises 35% to Rs. 954cr
Federal Bank has achieved its highest ever quarterly net profit of Rs. 953.84 crore, jumping 35.54% YoY in the quarter ended September 2023, compared to Rs. 703.7 crore during the same period last year.
16 Oct 2023
National Stock ExchangeDolly Khanna increases stake in high-performing stock despite 165% rally
Ace investor Dolly Khanna has increased her stake in Prakash Pipes from 2.78% to 3.24% during the July-September 2023 quarter, as per the latest portfolio update.
16 Oct 2023
Tata Motors LtdTata Motors to raise Rs. 1,600cr through Tata Tech IPO
Tata Motors Limited has revealed plans to sell a 9.9% stake in Tata Technologies, a company gearing up for an initial public offering (IPO), for Rs. 1,613.7 crore.
16 Oct 2023
BYJU'SAakash Chaudhry's return as Aakash Educational Services CEO imminent
Aakash Chaudhry is gearing up to resume his role as CEO of Aakash Educational Services, a tutoring branch purchased by BYJU'S in April 2021.
16 Oct 2023
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, BNB, Solana
Bitcoin has climbed 1.47% over the last 24 hours, trading at $27,278.65. It is 2.37% lower than the previous week.
16 Oct 2023
ChinaUS addresses loopholes in restrictions on chip exports to China
The US government plans to roll out new rules this week to stop American chipmakers from selling semiconductors to China that dodge current restrictions, told an anonymous US official to Reuters.
15 Oct 2023
CryptocurrencyCryptocurrency prices: Check rates of Bitcoin, Solana, BNB, Dogecoin today
Bitcoin has lost 0.08% in the last 24 hours and is now trading at $26,882.3. It is 3.81% down compared to last week.
14 Oct 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Shiba Inu
Bitcoin has gone up by 0.47% in the past 24 hours to trade at $26,922.58. Compared to last week, it is 3.57% down.
13 Oct 2023
Mutual FundsBlackRock sees $13 billion withdrawal from long-term funds: Here's why
BlackRock Inc. faced a net withdrawal of $13 billion from its long-term investment funds, marking the first time this has happened since COVID-19 began in 2020.
13 Oct 2023
International Monetary FundChina's property sector downturn could hurt Asia Pacific, warns IMF
The International Monetary Fund (IMF) has issued a warning that the slump in China's real estate sector could put a damper on growth prospects in the Asia Pacific region.
13 Oct 2023
Tata Consultancy Services (TCS)Headcount in India's top IT firms down by over 16,000
During the second quarter of FY24, India's top IT firms, Tata Consultancy Services (TCS), Infosys, and HCLTech, witnessed a significant drop in headcount.
13 Oct 2023
SpiceJetSpiceJet soars 20% amid reports of Indigo co-founder buying stake
SpiceJet Ltd's stock soared nearly 20% on Friday after an ET Now report revealed that IndiGo co-founder Rakesh Gangwal is in advanced discussions to acquire a stake in the troubled domestic airline company.
13 Oct 2023
IndiaIndia has reversed decision on laptop import restrictions: Trade Secretary
India has opted against imposing restrictions on laptop imports, a reversal from its initial plan announced in August.
13 Oct 2023
IndiaIndia's exports declined 2.6% YoY in September amid global headwinds
India's merchandise exports dipped by 2.6% year on year to $34.47 billion in September, as the nation's outbound shipments felt the pinch of slowing global demand.
13 Oct 2023
Stock MarketSensex slips 125 points, Nifty settles near 19,750 mark
On Friday, the benchmark Sensex and Nifty indices witnessed a slump.
13 Oct 2023
Tata Motors LtdTata Motors shares soar on JLR's impressive H1 FY24 performance
Tata Motors' stock soared to an all-time high as its subsidiary, Jaguar Land Rover (JLR) India, posted its best-ever performance for the first half of FY24.
13 Oct 2023
ZomatoZomato launches Xtreme logistics service to take on Swiggy Genie
Zomato, the popular food aggregator, has introduced a new logistics service called Xtreme.
13 Oct 2023
HSBC BankIndia far from replacing China as world's growth driver: HSBC
India's recent economic progress has been impressive, but HSBC Holdings Plc. suggests the country isn't quite ready to replace China as the world's growth engine.
13 Oct 2023
Supreme Court Of IndiaSupreme Court delays Adani-Hindenburg case hearing, Adani Group stocks dip
On Friday, India's Supreme Court pushed back the Adani-Hindenburg case hearing to October 20.
13 Oct 2023
MicrosoftMicrosoft's $69bn Activision deal cleared by UK regulator
Microsoft just got the green light from the UK Competition and Markets Authority (CMA) for its whopping $69 billion purchase of Activision Blizzard, the brains behind the superhit video game Call of Duty.
13 Oct 2023
NetflixNetflix to launch brick-and-mortar retail stores in 2025
Netflix is taking a leap into the world of brick-and-mortar retail with the launch of Netflix House, a collection of themed retail spaces.
13 Oct 2023
GoogleGoogle will defend its AI product customers against copyright lawsuits
Google has announced that it will offer legal protection to customers using its generative AI products in case of copyright infringement lawsuits.
