Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
06 Nov 2023
Stock MarketInvestor wealth up Rs. 8L crore in 3 sessions
The stock market rose for the third consecutive day, with the Nifty 50 index hitting a two-week high. This led investors to collectively gain Rs. 7.95 lakh crore.
06 Nov 2023
Adani GroupAdani Energy Q2 profit grows 46% to Rs. 284cr
Adani Energy Solutions, previously Adani Transmission, posted a year-on-year (YoY) 46% increase in its consolidated net profit to Rs. 284.09 crore in Q2 FY24.
06 Nov 2023
NykaaNykaa's Q2 net profit jumps 50% to nearly Rs. 8cr
Nykaa, a beauty and personal care (BPC) company run by FSN E-Commerce Ventures, saw a 50% net profit increase in Q2 FY24.
06 Nov 2023
Stock MarketSensex gains nearly 600 points, Nifty settles above 19,400 mark
On Monday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.
06 Nov 2023
BYJU'SBYJU'S in talks to sell US unit Epic for $400mn
Indian edtech giant BYJU'S is reportedly in advanced talks to sell its US-based kids' digital reading platform, Epic! Creations Inc., for about $400 million (roughly Rs. 3,328.5 crore) to Joffre Capital Ltd.
06 Nov 2023
Reserve Bank Of India (RBI)RBI may hike rates if oil hits $110: Morgan Stanley
Morgan Stanley notes that the Reserve Bank of India (RBI) may raise interest rates if Brent crude oil prices continue to rise and stay above $110 per barrel.
06 Nov 2023
Indian GovernmentCentre to sell 'Bharat Atta' at Rs. 27.50 per kg
In response to rising food prices and in preparation for the festive season, the Indian government, led by Union Minister for Consumer Affairs, Food, and Public Distribution, Piyush Goyal, is introducing measures to ensure affordable access to essential food items.
06 Nov 2023
NVIDIACousins to competitors: Know how NVIDIA, AMD CEOs are related
NVIDIA and AMD, two global AI chip industry leaders, share a surprising connection. Their chief executives, Jensen Huang and Lisa Su are first cousins.
06 Nov 2023
Adani GroupAdani Group in talks to sell 44% stake in Wilmar
Adani Group is discussing selling its entire 43.97% stake in Adani Wilmar. This joint venture with Singapore-based Wilmar International is worth $2.5-3 billion (roughly Rs. 20,800-25,000 crore), reported The Economic Times.
06 Nov 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has lost 0.79% in the last 24 hours, trading at $34,893.65. It is up 1.60% from last week.
06 Nov 2023
Initial Public Offering (IPO)Cello World shares list at 28% premium to IPO price
Cello World made a strong stock market debut, with shares listing at a 28% premium to its IPO price.
06 Nov 2023
IndiaBlackstone targets India, Japan as top Asian markets for 2024
Blackstone, the world's leading alternative asset manager, has pinpointed India and Japan as its most active Asian markets for deals in 2024.
05 Nov 2023
AppleApple experiencing subdued demand in China after Huawei's robust comeback
Apple's iPhone demand in China has reportedly dropped, especially for the iPhone 14 Pro and Pro Max.
05 Nov 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, BNB, Solana, Tether
Bitcoin has climbed 1.67% over the last 24 hours and is currently trading at $35,210.21. It is 3.46% higher than the previous week.
04 Nov 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Tether, BNB, Dogecoin
Bitcoin has climbed 0.57% in the past 24 hours and is trading at $34,631.07. Compared to last week, it is up by 1.36%.
03 Nov 2023
Reserve Bank Of India (RBI)RBI penalizes PNB, Federal Bank for violating KYC norms
RBI has imposed penalties on several entities for non-compliance with regulatory norms.
03 Nov 2023
SwiggySwiggy Instamart creator Karthik Gurumurthy to quit, start own venture
Karthik Gurumurthy, Swiggy's Senior Vice-President (SVP), is leaving the food delivery behemoth to launch his own start-up, Moneycontrol has reported.
03 Nov 2023
Saudi ArabiaSaudi Arabia is exploring a multibillion-dollar investment in IPL
Saudi Arabia is reportedly considering a multibillion-dollar stake in the Indian Premier League (IPL), the world's most lucrative cricket league, as per Bloomberg.
03 Nov 2023
IndiGoIndiGo Q2 results: Airline back in profit, revenue up 19.5%
In a remarkable turnaround, InterGlobe Aviation, which operates India's leading airline IndiGo, posted a profit of Rs. 188.9 crore for the quarter ending September 2023.
03 Nov 2023
ZomatoZomato reports Q2 profit of Rs. 36cr, revenue up 18%
Food delivery giant Zomato announced a Q2 FY24 profit of Rs. 36 crore, beating estimates.
03 Nov 2023
TataTitan Q2 net profit rises 9.7% to Rs. 916 crore
India's leading branded jewelry manufacturer, Titan, posted a 9.7% growth in consolidated net profit at Rs. 916 crore for the second quarter of fiscal 2024, exceeding market predictions.
03 Nov 2023
WorkplaceAmid 70-hour workweek debate, India tops in workplace burnout list
A recent study by the McKinsey Health Institute disclosed that India leads the world in workplace burnout, with 59% of participants experiencing symptoms.
03 Nov 2023
Stock MarketSensex climbs over 280 points, Nifty settles above 19,230 mark
On Friday, the stock market had a bearish opening but the Sensex and Nifty indices witnessed a surge.
03 Nov 2023
FinanceMRF's Q2 net profit surges fivefold to Rs. 572 crore
MRF Ltd witnessed a remarkable surge in its Q2 net profit, soaring five times to Rs. 572 crore, compared to Rs. 124 crore during the same period last year.
03 Nov 2023
FinanceMaersk announces 10,000 job cuts amid weaker shipping demand
Danish shipping group Maersk has experienced a substantial decline in Q3 revenue. This has prompted the firm to eliminate 10,000 jobs due to decreased freight rates and weakened demand for container shipping.
03 Nov 2023
BMWBMW's Q3 margin beats estimates, maintains annual forecast
BMW has revealed an increased third-quarter automotive margin, with high-priced and electric vehicle sales keeping the company on track to meet yearly projections.
03 Nov 2023
Adani GroupAdani Power gains 25% in 7 days: What's driving rally
Adani Power's stock has experienced a 25% surge over the last seven trading days, hitting Rs. 389.50 on BSE during Friday's intra-day trading. Its 52-week high remains at Rs. 409.70 apiece.
03 Nov 2023
United States of AmericaChina welcomes Micron's expansion as ties with the US improve
China's Commerce Minister, Wang Wentao, has indicated that Beijing is open to US semiconductor firm Micron Technology Inc, expanding its presence in the Chinese market.
03 Nov 2023
Tata Motors LtdTata Motors shares rally 4.6% after strong Q2 profit
Tata Motors witnessed over 4.6% increase in its share price during early trading on Friday, following the release of its Q2 results that met market expectations.
03 Nov 2023
Jeff BezosJeff Bezos announces move to Miami, shares emotional note
Billionaire Jeff Bezos has revealed his plans to relocate from Seattle to Miami, Florida.
03 Nov 2023
IndiaIndia proposes inter-nation framework for regulating AI
India is advocating for an institutional framework among nations to regulate artificial intelligence (AI) and has urged for a mutual understanding of AI's acceptable and unacceptable uses.
03 Nov 2023
IndiaIndia's services growth touches 7-month low in October: Here's why
India's services sector experienced its most sluggish growth in seven months during October, as job creation slowed due to a slight dip in demand.
03 Nov 2023
Elon MuskElon Musk challenges SEC subpoena in Twitter investigation
Elon Musk has urged a US federal judge not to force him to testify in the Securities and Exchange Commission's (SEC) probe into his $44 billion (roughly Rs. 3.66 lakh crore) acquisition of social media platform Twitter, now X.
03 Nov 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Shiba Inu
Bitcoin has dropped 2.60% in the past 24 hours to trade at $34,630.39. Compared to last week, it is up 1.68%.
03 Nov 2023
AppleApple's sales fall for the fourth consecutive quarter
For the first time since 2019, Apple has seen a drop in its annual revenue, with a 3% decrease from the previous fiscal year.
03 Nov 2023
CryptocurrencyFTX trial: 'Crypto king' Bankman-Fried faces 115 years in prison
FTX cryptocurrency exchange founder Sam Bankman-Fried has been convicted on seven charges of fraud and conspiracy, following 15 days of testimony and roughly 4.5 hours of jury deliberation.
02 Nov 2023
Initial Public Offering (IPO)Mamaearth's IPO oversubscribed 7.6 times, receives bids worth Rs. 7,130cr
Mamaearth, an Indian skincare start-up, has seen its initial public offering (IPO) oversubscribed by a factor of 7.6, drawing bids totaling Rs. 7,130 crore.
02 Nov 2023
United KingdomBank of England's interest rate at 15-year high of 5.25%
The Bank of England (BoE) has decided to keep the interest rate steady at a 15-year high of 5.25%, as it continues to combat the highest inflation among major developed economies.
02 Nov 2023
Reliance RetailRIL-owned AJIO launches a D2C e-commerce platform called AJIOGRAM
On November 2, AJIO, the e-commerce platform of Reliance Retail, unveiled AJIOGRAM, a direct-to-consumer (D2C) centric e-commerce platform.
02 Nov 2023
Sam AltmanSam Altman's Worldcoin plans Global ID network like India's Aadhaar
Worldcoin, a cryptocurrency initiative spearheaded by OpenAI CEO Sam Altman, aims to develop a global ID network similar to India's Aadhaar biometric ID system, as revealed by Tiago Sada, the firm's product chief.
