Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
20 Oct 2023
FoodCentre will ensure food prices stay stable throughout festive season
On October 19, Food Secretary Sanjeev Chopra, speaking at a press conference in New Delhi, announced that food prices are expected to remain stable and are not going to face any unseen hikes during the upcoming festive season.
19 Oct 2023
Tata Motors LtdTata Motors invests Rs. 150cr for stake in Freight Tiger
Tata Motors is set to acquire a 27% stake in Freight Tiger, a digital supply chain platform, for Rs. 150 crore.
19 Oct 2023
NetflixNetflix jumps over 13% in pre-market session: Here's why
Netflix has proven its ability to thrive during Hollywood's writers and actors strikes, gaining more subscribers in the third quarter than in the past three years.
19 Oct 2023
TataTata Group considering additional $1 billion investment in super-app venture
Tata Group is considering injecting an additional $1 billion into its super-app venture, Tata Digital Pvt, following a $2 billion investment earlier this year.
19 Oct 2023
HP LaptopsHP launches its first-ever refurbished laptop program in India
HP has introduced a refurbished laptop program in India, aiming to provide budget-friendly computing options for retail customers and businesses.
19 Oct 2023
Hindustan Unilever LimitedHUL Q2 net profit rises 3.8% YoY to Rs. 2,717cr
Hindustan Unilever Ltd (HUL) on October 19 released its Q2 results, showing a standalone net profit of Rs. 2,717 crore, a 3.86% rise compared to the Rs. 2,616 crore profit in the same quarter of the previous year.
19 Oct 2023
Telecom Regulatory Authority of India (TRAI)Government aims for spectrum auction early next year: DoT
The Telecom Regulatory Authority of India (TRAI) has urged the Department of Telecom (DoT) to consider its previous recommendations on spectrum auctions while planning the sale of radiowaves, a government official revealed.
19 Oct 2023
IndiaDigital import management system for IT hardware in India greenlit
India is gearing up to launch a new "Import Management System" for specific IT hardware imports in November, Reuters has reported.
19 Oct 2023
Stock MarketSensex drops over 240 points, Nifty settles below 19,630 mark
On Thursday, the benchmark Sensex and Nifty indices witnessed a massive fall since morning.
19 Oct 2023
PVR InoxPVR INOX becomes profitable again, Q2 revenue jumps 191% YoY
PVR INOX, India's largest multiplex chain, has announced a consolidated net profit of Rs. 166.3 crore for the July-September quarter, a major improvement from the previous quarter's net loss of Rs. 81.6 crore.
19 Oct 2023
MicrosoftMicrosoft India's FY23 profit increases by 30% to Rs. 648cr
Microsoft India has seen a remarkable 30.2% year-on-year growth in net profit for the fiscal year ending March 30, thanks to the increased demand for its software and services during the pandemic, Moneycontrol reported.
19 Oct 2023
GurugramGurugram residents are paying 33% more for booze: Here's why
Gurugram liquor retailers are cashing in on the ongoing shortage of popular alcohol brands in Delhi. Thanks to Delhi's controversial excise policy and the rejection of sale licenses for major companies, there's a scarcity of sought-after brands in the capital.
19 Oct 2023
GoogleGoogle to start manufacturing smartphones in India with Pixel 8
Google has announced its plans to start manufacturing its Pixel smartphone series in India, starting with the latest Google Pixel 8 model.
19 Oct 2023
GoogleGoogle Pay introduces sachet loans for small businesses in India
Google India has announced sachet loans on the Google Pay app, designed to support small businesses across the nation.
19 Oct 2023
EuropeIsrael-Hamas war: Natural gas benchmark surges 41% in one week
Europe's natural gas benchmark Dutch TTF's price hit an eight-month high of €56 per megawatt-hour last week, marking a 41% increase in a week and over 50% in a month. However, this price is still less than half of what it was a year ago.
19 Oct 2023
HMD GlobalNokia announces 14,000 job cuts amid 20% sales decline
Nokia will slash up to 14,000 jobs after experiencing a 20% dip in third-quarter sales.
19 Oct 2023
NestleNestle India's Q2 net profit surges 36% to Rs. 908cr
Nestle India has announced a 36% increase in consolidated net profit for the Q2 of FY24, reaching Rs. 908 crore.
19 Oct 2023
Bajaj AutoBajaj Auto rallies 5% after strong Q2 results
Automobile major Bajaj Auto saw its stock jump nearly 5% on October 19 after announcing a 20% increase in net profit for the September quarter, beating analyst estimates.
19 Oct 2023
CryptocurrencyCryptocurrency prices: Today's rates of Bitcoin, Ethereum, Solana, Tether
Bitcoin has lost 0.80% in the last 24 hours, trading at $28,284.85. It is up 5.39% from last week.
19 Oct 2023
Elon MuskWhy Elon Musk may remove X from Europe
Elon Musk is reportedly considering pulling his micro-blogging platform X (formerly Twitter) from Europe due to the recently implemented European Union's (EU) Digital Services Act (DSA), as reported by The Insider.
18 Oct 2023
Bajaj AutoBajaj Auto's Q2 net profit rises to Rs. 1,836 crore
Bajaj Auto has announced a 20% year-on-year (YoY) increase in its standalone net profit for the quarter ending September 30, reaching Rs. 1,836 crore.
18 Oct 2023
AmazonAmazon Pharmacy introduces 60-minute drone delivery service: How it works
Amazon's Pharmacy is gearing up to change the game in medication delivery in the US, via drones operated by Prime Air.
18 Oct 2023
WiproWipro's revenue dips for third consecutive quarter to $2.7 billion
IT giant Wipro has posted a revenue of $2.7 billion for Q2 of FY24, experiencing a 2.3% sequential decline and a 2% drop in constant currency.
18 Oct 2023
InfosysInfosys, Google Cloud strengthen partnership to aid firms become AI-ready
Infosys has announced plans to expand its partnership with Google Cloud.
18 Oct 2023
Air IndiaAir India announces special sale on Bangkok and Singapore routes
Air India has kicked off a special sale for economy and business class travelers on its India-Bangkok and India-Singapore routes.
18 Oct 2023
Stock MarketSensex slips over 550 points, Nifty settles below 19,700 mark
The benchmark Sensex and Nifty indices were on a downward trend. While the Sensex plunged 0.83% to 65,877.02 points, the Nifty fell 0.71% to 19,671.10 points.
18 Oct 2023
United States of AmericaUS chokes China's chipmaking future while giving American companies lifeline
The Biden administration released new rules to limit China's access to US artificial intelligence (AI) chips.
18 Oct 2023
MetaMeta believes AI chatbots can revolutionize advertising
Meta is turning its attention to AI chatbots as a way to draw in advertisers, according to Chief Product Officer Chris Cox.
18 Oct 2023
PhonePePhonePe's FY23 revenue surges 77% to Rs. 2,914 crore
PhonePe has seen a whopping 77% surge in its consolidated revenue for FY23, hitting Rs. 2,914 crore, compared to Rs. 1,646 crore in FY22.
18 Oct 2023
IndiaWorld Food India 2023: Centre anticipates Rs. 75,000 crore investment
The Indian government is expecting more than Rs. 75,000 crore in investments for the food processing sector, during the second edition of World Food India.
18 Oct 2023
Government of IndiaBonus for government employees: Centre hikes DA by 4%
The Union Cabinet has approved a 4% increase in dearness allowance (DA) and dearness relief (DR) for central government employees and pensioners.
18 Oct 2023
Stock MarketHUDCO shares plummet 10% following Centre's stake sale announcement
Shares in the Housing and Urban Development Corporation Ltd. (HUDCO) fell by nearly 10% today (October 18).
18 Oct 2023
IndiaSugar export restrictions extended in India beyond October 31
The Directorate General of Foreign Trade (DGFT) has announced that the Indian government will extend its restriction on sugar exports past October 31.
18 Oct 2023
Bank of BarodaBank of Baroda suspends 60 employees over digital app controversy
Bank of Baroda (BOB), a public-sector lender, has suspended more than 60 employees, including 11 assistant general managers (AGMs), after an audit of the BOB World app case.
18 Oct 2023
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, BNB
Bitcoin has risen 1.02% over the last 24 hours to trade at $28,515.05. It is up 5.16% from last week.
18 Oct 2023
XX starts charging new users $1/year in New Zealand, Philippines
X, previously called Twitter, has begun charging new users in New Zealand and the Philippines a fee of $1 per year, as part of the company's "Not A Bot" program.
17 Oct 2023
Securities and Exchange Board of IndiaHow SEBI's new regulation protects investors and their families
The Securities and Exchange Board of India (SEBI) has launched a centralized system to verify and report an investor's death.
17 Oct 2023
Bharti AirtelAirtel, Jio may face Rs. 14,400cr tax bill: Here's why
The Supreme Court's recent decision to classify telecom operators' license fees as "capital in nature" could result in hefty tax demands for Bharti Airtel and Reliance Jio.
17 Oct 2023
KPMGKPMG cuts 110 jobs in UK deal advisory division
KPMG, one of the Big Four auditing firms, is set to cut around 110 jobs and freeze pay in its UK deal advisory business.
17 Oct 2023
WeddingsIndia eyes Rs. 4.25L crore business from weddings in 2023
India is gearing up for a record-breaking wedding season, with the Confederation of All India Traders (CAIT) estimating 35 lakh weddings to occur between November 23 and December 15, 2023.
