Business News
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25 Nov 2023
Indian GovernmentIndia, EU collaborate on semiconductor supply, innovation: Key takeaways
The Indian government and the European Union (EU) have inked a memorandum of understanding (MoU) to boost collaboration in the semiconductor ecosystem.
25 Nov 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Dogecoin, BNB, Solana
Bitcoin has risen by 1.1% over the last 24 hours to currently trade at $37,801.35. It is up by 3.96% from last week.
24 Nov 2023
Warren BuffettWarren Buffett's Berkshire Hathaway exits Paytm with Rs. 800cr loss
Renowned investor Warren Buffett's Berkshire Hathaway has sold its entire stake in Paytm's parent company One97 Communications Ltd.
24 Nov 2023
Reserve Bank Of India (RBI)RBI imposes penalties on Citibank, BOB, and IOB: Here's why
The Reserve Bank of India (RBI) has slapped Citibank, Indian Overseas Bank (IOB), and Bank of Baroda (BOB), with penalties totaling Rs. 10.34 crore for violating banking regulations.
24 Nov 2023
Reserve Bank Of India (RBI)India's forex reserves rise by $5 billion to $595 billion
During the week ending November 17, India's foreign exchange reserves surged by $5.077 billion, reaching a total of $595.397 billion, as per the Reserve Bank of India (RBI).
24 Nov 2023
BharatPeBharatPe files fresh case against Ashneer Grover: Here's why
Resilient Innovations, the parent company of BharatPe, has filed a fresh case against its co-founder Ashneer Grover in the Delhi High Court.
24 Nov 2023
Tata TechnologiesTata Technologies IPO receives bids worth Rs. 1 lakh crore
The Tata Technologies initial public offering (IPO) has garnered a remarkable 69.43 times subscription today, the final day of bidding.
24 Nov 2023
Indian Rupee (INR)Indian rupee hits record low at 83.37 against US dollar
The Indian rupee experienced a slight dip on Friday, closing at a record low of 83.37 against the US dollar, a 3 paise decrease from its previous close of 83.34.
24 Nov 2023
Government of IndiaCentre permits online bond platform providers to form industry body
The Indian government has given the green light to online bond platform providers to establish their industry body, the 'OBPP Association.'
24 Nov 2023
Stock MarketSensex closes at 65,970 points, Nifty settles below 19,800 mark
On Friday, the major indices of the stock market ended on a flat note.
24 Nov 2023
IndiaBikanervala partners with The Montana Group to reach wider audience
Sweets and snacks company Bikanervala has teamed up with The Montana Group, to increase its presence in India and abroad.
24 Nov 2023
GermanyGermany's economy shrinks in Q3, stirs recession concerns
Germany's economy experienced a slight dip of 0.1% in the third quarter of 2023, according to the country's Federal Statistical Office (Destatis).
24 Nov 2023
Adani GroupSEBI assures SC of timely conclusion of Adani Group's investigation
The Securities and Exchange Board of India (SEBI) has assured the Supreme Court that it will not request an extension to finish its investigation into billionaire Gautam Adani's group concerning the Hindenburg report.
24 Nov 2023
Indian GovernmentCentre holds discussion to boost private sector R&D spending
The Indian government is looking for ways to boost private sector investment in research and development (R&D) as it prepares for the Union Budget 2024.
24 Nov 2023
InsuranceLIC, NIACL shares surge up to 19%: What's driving rally
On November 24, shares of public sector insurance companies like Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC), and the New India Assurance Company Limited (NIACL) soared by as much as 19%.
24 Nov 2023
Maruti SuzukiMaruti board approves preferential share issue to Suzuki Motor Corporation
Maruti Suzuki's Board of Directors has given the green light to issue over 1.23 crore equity shares to Suzuki Motor Corporation (SMC) on a preferential basis.
24 Nov 2023
TeslaTesla's $2bn investment in India hinges on government concessions
Tesla is considering a massive investment of up to $2 billion to establish a factory in India, but only if the government approves a 15% concessional duty on imported vehicles for the first two years of operation.
24 Nov 2023
IndiaIndia to miss divestment targets for 5th consecutive year
India is on track to miss its divestment goals for the fifth consecutive year, with a shortfall of $3.60 billion in 2023/24, as reported by Reuters.
24 Nov 2023
Reserve Bank Of India (RBI)Banks to raise consumer loan lending rates by 30-40 bps
Lending rates for consumer loans may increase by 30-40 basis points (bps) due to the Reserve Bank of India's (RBI) recent revision of risk weight norms.
24 Nov 2023
TechnologyL&T Tech Services cuts 200 jobs as automation replaces humans
L&T Technology Services (LTTS) has laid off 200 employees, according to a Times of India (TOI) report.
24 Nov 2023
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Solana, BNB
Bitcoin has shed 0.01% over the last 24 hours, trading at $37,349.31. It is 2.34% higher than the previous week.
24 Nov 2023
WorkplaceBarclays to axe 2,000 jobs in £1bn cost cut plan
Barclays is said to be considering a cost-saving plan worth £1 billion (nearly Rs. 10,443 crore), reported Reuters.
23 Nov 2023
IndiaIndia's crude oil imports touched 4-month high this October
India experienced a 5.9% increase in crude oil imports in October, totaling 18.53 million metric tons, as reported by the Petroleum Planning and Analysis Cell (PPAC).
23 Nov 2023
IndiaIndia faces severe healthcare real estate shortage; needs 2bn sqft
India is facing an acute shortage in healthcare real estate, with a need for an additional two billion square feet to accommodate the current population's needs, according to a global healthcare report by Knight Frank.
23 Nov 2023
ChinaChina considers offering property developers unsecured loans for first time
China is considering a new approach to help ease its ongoing property debt crisis, which could involve allowing banks to provide unsecured short-term loans to eligible developers.
23 Nov 2023
Canara BankCanara Bank to issue 10-year bonds worth Rs. 5,000 crore
Canara Bank, a state-owned financial institution, has announced plans to issue infrastructure bonds worth Rs. 5,000 crore tomorrow (November 24).
23 Nov 2023
Life Insurance Corporation of IndiaLIC targets double-digit growth in FY2024 with new product launches
Insurance giant Life Insurance Corporation (LIC) has big plans for the coming months, with the goal of achieving double-digit growth in new business premium this financial year.
23 Nov 2023
NiftyGoldman Sachs sets Nifty target for 2024 at 21,800
Goldman Sachs's Chief Asia Pacific strategist, Timothy Moe, has announced a 2024 target of 21,800 for India's Nifty50 index and upgraded the nation to an 'overweight' rating.
23 Nov 2023
Union BudgetUnion Budget 2024 likely to prioritize ease of business
The Union Budget 2024 is likely to prioritize enhancing the ease of doing business in India, focusing on decriminalizing certain offenses and reforming labor laws.
23 Nov 2023
ChinaChina's property crisis is spilling over into the financial sector
China's leading wealth manager, Zhongzhi Enterprise Group, told investors it is "severely insolvent" with liabilities reaching up to 460 billion yuan (Rs. 5.4 lakh crore).
23 Nov 2023
Stock MarketSensex closes at 66,017 points, Nifty ends above 19,800 mark
The stock market on Thursday ended on a sluggish note as the Sensex fell 0.008% to settle at 66,017.81 points.
23 Nov 2023
IndiaBudget 2024 gunning for 10.5% rise in direct tax collections
The Union Budget 2024 aims for a 10.5% increase in direct tax collections, despite a sluggish global economy and a high revenue base in the current fiscal year, Moneycontrol has reported.
23 Nov 2023
Indian Railway Catering and Tourism CorporationIRCTC's e-ticket booking service down for everyone: Here's why
The Indian Railway Catering and Tourism Corporation (IRCTC) on Thursday announced technical disruptions in its e-ticket services.
23 Nov 2023
Stock MarketLupin launches world's first fixed-dose triple combination drug for COPD
Leading pharmaceutical company Lupin Limited on Thursday launched the world's first fixed-dose triple combination drug (FDC) called Vilfuro-G for treating chronic obstructive pulmonary disease (COPD) in India.
23 Nov 2023
Stock MarketMamaearth's parent company hits new peak as shares surge 20%
Mamaearth's parent company Honasa Consumer's stock soared to a new peak of Rs. 423.75, a 20% increase on the NSE, after reporting an impressive 93% YoY growth in net profit for Q2 FY24.
23 Nov 2023
IndiGoIndiGo to court business flyers with premium seats, hot food
IndiGo, India's leading airline, is set to launch a premium seating class and a loyalty program by the end of 2024, the Economic Times (ET) reported.
23 Nov 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has risen 2.51% in the past 24 hours to trade at $37,358.56. It is 0.38% down compared to last week.
23 Nov 2023
Sam AltmanA letter warning of AI breakthrough preceded OpenAI CEO's departure
Ahead of Sam Altman's unceremonious exit, OpenAI researchers sent a letter to the organization's board of directors, cautioning them about a powerful AI breakthrough that could potentially pose a threat to humanity, reported Reuters.
22 Nov 2023
United KingdomUK growth forecasts downgraded for 2024 and 2025
The UK's economic growth is expected to slow down over the next two years, according to the UK's Office for Budget Responsibility (OBR).
22 Nov 2023
CryptocurrencyLapses at Binance allowed terrorist groups to trade Bitcoin
US authorities say that terrorists, hackers, and sanctions violators used Binance for years to transfer billions of dollars.
