Business News
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31 Oct 2023
Stock MarketSensex slips 238 points, Nifty settles near 19,080 mark
On Tuesday, the benchmark Sensex and Nifty indices were on a downward trend.
31 Oct 2023
MicrosoftMicrosoft and Siemens partner to improve workplace productivity using AI
On Tuesday, Siemens and Microsoft unveiled a collaborative initiative aimed at enhancing productivity and fostering cooperation between humans and machines through artificial intelligence.
31 Oct 2023
IndiaIndia's Q3 gold demand up 10%, global demand declines 6%
In Q3 FY24, India's gold demand surged 10% to 210.2 tonnes, up from 191.7 tonnes in Q3 FY23, according to the World Gold Council (WGC).
31 Oct 2023
United States of AmericaUS Fed meeting begins today: Here's what to expect
The United States Federal Reserve will make its decision on whether to maintain or adjust interest rates during its upcoming meeting scheduled from October 31 to November 1.
31 Oct 2023
Initial Public Offering (IPO)Mamaearth IPO opens for subscription today: Check key details
Honasa Consumer Limited, widely recognized as Mamaearth, opened its initial public offering (IPO) for bidding on Tuesday. The window will remain open until Thursday, i.e., November 2, 2023.
31 Oct 2023
CryptocurrencyCryptocurrency prices: Here are rates of Bitcoin, Ethereum, BNB, Tether
Bitcoin has lost 0.24% in the last 24 hours and is trading at $34,267.25. It is 0.27% down compared to last week.
31 Oct 2023
Samsung ElectronicsSamsung Electronics Q3 operating profits down 78%
Samsung Electronics has revealed a staggering 77.57% decrease in operating profits for Q3 2023 compared to the previous year.
31 Oct 2023
Elon MuskX's valuation plummets to less than half of purchase price
Elon Musk's X, previously known as Twitter, has experienced a significant decrease in its valuation. It is now worth less than half of what Musk initially paid for it a year ago.
30 Oct 2023
IndiaBlackstone acquires CARE hospitals in $1.5bn deal
Blackstone Group has revealed its plans to acquire a majority share in India's CARE Hospitals from a TPG-owned fund, marking the American private equity firm's entry into the Indian healthcare services industry.
30 Oct 2023
Tata Motors LtdSingur-Nano plant case: Tata Motors wins compensation of Rs. 766cr
Tata Motors has been awarded an arbitral sum of Rs. 766 crore plus interest in the Singur plant case.
30 Oct 2023
BYDTesla rival BYD posts record quarterly profit of $1.42 billion
BYD Co Ltd, China's top electric vehicle (EV) producer, announced an all-time high net profit of CNY 10.41 billion (around $1.42 billion) for Q3 2023.
30 Oct 2023
World BankOil prices might touch $102 due to Middle East tensions
World Bank predicts that global oil prices will reach $90 per barrel in the fourth quarter, dropping to an average of $81 this year because of slowed growth and decreased demand.
30 Oct 2023
DLFDLF's net profit jumps 30% to Rs. 623cr in Q2
DLF Ltd, the leading real estate company in India, experienced a 30.6% growth in consolidated net profit during the second quarter of the current fiscal year.
30 Oct 2023
TVS Motor CompanyTVS Motor's Q2 net profit climbs 32% to Rs. 537cr
TVS Motor Company has experienced a 32% surge in standalone net profit for the quarter ending September 30, 2024, reaching Rs. 537 crore.
30 Oct 2023
GermanyGermany's economy contracts in third quarter
In the third quarter, Germany's economy saw a minor decline quarter-on-quarter (QoQ), about 0.1%, as reported by the nation's federal statistics agency Destatis.
30 Oct 2023
Reserve Bank Of India (RBI)RBI's wholesale CBDC pilot losing traction due to low interest
Reserve Bank of India (RBI)'s pilot program for Central Bank Digital Currency (CBDC) in the wholesale sector has experienced a decline in recent months.
30 Oct 2023
CryptocurrencySam Bankman-Fried to face cross-examination again in FTX fraud trial
Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, is scheduled to retake his testimony on October 30 in the ongoing fraud trial related to the collapse of the cryptocurrency exchange.
30 Oct 2023
AppleApple India's revenue soars 48% to Rs. 49,322cr in FY23
Apple India, the iPhone manufacturer, has witnessed a remarkable 48% growth in revenue, hitting Rs. 49,322 crore in the fiscal year concluding March 2023 (FY23), as per financial details provided by business intelligence firm Tofler.
30 Oct 2023
Stock MarketSensex climbs to 64,112 points, Nifty settles at 19,140 mark
On Monday, the benchmark Sensex and Nifty indices of the stock market saw gains.
30 Oct 2023
Gautam AdaniAdani Green Energy Q2 net profit jumps nearly 150% YoY
Adani Green Energy has posted a 149% year-on-year (YoY) growth in its consolidated net profit for the second quarter of the current fiscal year (Q2 FY24), reaching Rs. 371 crore compared to Rs. 149 crore in the previous year.
30 Oct 2023
StartupsLenskart acquires TangoEye for AI-driven in-store improvements
Eyewear retailer Lenskart has purchased artificial intelligence-driven computer vision start-up TangoEye to enhance in-store and product experiences.
30 Oct 2023
Ratan TataRatan Tata denies claims of rewarding cricketer Rashid Khan
Ratan Tata has refuted WhatsApp rumors claiming that he would give a Rs. 10 crore reward to cricketer Rashid Khan.
30 Oct 2023
Initial Public Offering (IPO)Cello World IPO opens for subscription: Everything to know
Cello World, a prominent manufacturer of household items and stationery, has opened its initial public offering (IPO) for subscription today. The subscription window will close on November 1.
30 Oct 2023
OlaOla scores a duck in rankings for gig worker fairness
For the third year in a row, Ola has received a dismal score of zero out of 10 in Fairwork's evaluation of e-commerce platforms regarding fair treatment of gig workers.
30 Oct 2023
CybercrimesWhat is 'SIM Swap' scam and how to protect yourself
In an unusual event, a woman from Delhi lost Rs. 50 lakh to a new scam on the rise in India called 'SIM Swap' scam.
30 Oct 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Solana
Bitcoin has climbed 0.88% over the last 24 hours, trading at $34,342.76. It is 11.92% higher than the previous week.
30 Oct 2023
Gaming BytesNazara Technologies launches game publishing division to boost Indian developers
Nazara Technologies has unveiled its game publishing division—Nazara Publishing—with the goal of tapping into India's burgeoning potential as a worldwide gaming center.
30 Oct 2023
ChinaChina Evergrande granted one last chance to avoid liquidation
The winding-up hearing for China Evergrande Group, the world's most indebted property developer with over $300 billion in liabilities, has been postponed by a High Court judge in Hong Kong until December 4.
29 Oct 2023
Telecom Regulatory Authority of India (TRAI)Government aims to keep India's telecom services most affordable globally
India's Union Communications Minister Ashwini Vaishnaw has emphasized the government's commitment to maintaining the country's telecom services as the most cost-effective worldwide.
29 Oct 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Dogecoin, Shiba Inu
Bitcoin has dropped 0.26% in the past 24 hours to trade at $34,036.57. Compared to last week, it is up by 13.32%.
28 Oct 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Tether, Solana, BNB
Bitcoin has climbed 0.25% in the past 24 hours and is currently trading at $34,142.77. Compared to last week, it is up by 15.43%.
27 Oct 2023
Mahindra & MahindraM&M Financial Services reports 48% net profit drop for Q2
Mahindra & Mahindra's financial division experienced a significant drop in net profit, with a 47.6% decrease to Rs. 235 crore during the second quarter of the current fiscal year.
27 Oct 2023
US GovernmentUS defense contractors see revenue boost amid global armed conflicts
The Russian invasion of Ukraine has resulted in a significant boost in revenue for major US defense contractors, as the US government and European nations ramp up their defense budgets in response to Moscow's hostile actions.
27 Oct 2023
Reliance IndustriesReliance Jio's Q2 net profit climbs 12% to Rs. 5,058cr
Reliance Jio Infocomm, a subsidiary of Reliance Industries, has announced a standalone net profit of Rs. 5,058 crore for the quarter ending September, representing a 12.10% year-on-year (YoY) growth.
27 Oct 2023
Stock MarketSBI Life Insurance's Q2 net profit stands at Rs. 380cr
SBI Life Insurance reported a mere 1% rise in net profit for the July-September quarter of FY24, reaching Rs. 380 crore, an increase from Rs. 376.4 crore during the same period last year.
27 Oct 2023
Stock MarketDr Reddy's Q2 profit rises 33% YoY to Rs. 1,480cr
Dr Reddy's Laboratories experienced a 33% year-on-year (YoY) rise in consolidated net profit for the July-September quarter, reaching Rs. 1,480 crore.
27 Oct 2023
StartupsRapido plans to enter cab business in India
Bike taxi start-up Rapido is venturing into the cab market, where it will compete with giants like Uber and Ola.
27 Oct 2023
TataTata to make iPhones in India for international markets
Tata Group will start manufacturing Apple's iPhones in India for both local and international markets within the next two and a half years.
27 Oct 2023
Maruti SuzukiMaruti Suzuki's Q2 results show 80% YoY net profit growth
India's leading passenger carmaker Maruti Suzuki announced a remarkable standalone net profit of Rs. 3,716.5 crore, for the quarter ending September 2023.
27 Oct 2023
Stock MarketSensex gains 635 points, Nifty settles near 19,050 mark
On Friday, the benchmark Sensex and Nifty indices showed an upward trend.
