Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
29 Nov 2023
Bombay Stock Exchange (BSE)BSE-listed companies' valuation crosses $4 trillion for the first time
On November 29, the combined market cap of all companies listed on the Bombay Stock Exchange (BSE) hit a record-breaking $4.01 trillion or over Rs. 333 lakh crore.
29 Nov 2023
Initial Public Offering (IPO)IREDA's shares list 56% higher than IPO price
The India Renewable Energy Development Agency (IREDA) made a remarkable debut on November 29, with shares listing at a 56.25% premium to the issue price of Rs. 32.
29 Nov 2023
AppleApple and Goldman Sachs end credit card partnership: Here's why
Apple has decided to end its credit card partnership with Goldman Sachs within the next 12 to 15 months, reports The Wall Street Journal (WSJ).
28 Nov 2023
IndiaForeign investors pump Rs. 12,400cr into debt market in November
In November, Foreign Portfolio Investors (FPIs) poured a whopping Rs. 12,400 crore into India's debt market, the highest inflow in over two years.
28 Nov 2023
Adani GroupAdani Group stocks surge, market value rises by $15 billion
Adani Group stocks saw a massive rally today (November 28), with the conglomerate's market value skyrocketing by over $15 billion.
28 Nov 2023
Bombay Stock Exchange (BSE)BSE-listed firms hit record high m-cap of Rs. 331L crore
On November 28, the total market value of companies listed on the BSE reached a record-breaking Rs. 331 lakh crore, just short of the $ 4 trillion milestone.
28 Nov 2023
AMDChip maker AMD opens its biggest design center in Bengaluru
Advanced Micro Devices (AMD) on Tuesday unveiled its most extensive global design center, AMD Technostar, in Bengaluru.
28 Nov 2023
IndiaIndia to gain 3 new chip fabrication units soon: Vaishnaw
Union IT minister, Ashwini Vaishnaw, on Tuesday announced plans to establish three new chip fabrication units in India.
28 Nov 2023
Tata Consultancy Services (TCS)TCS announces Rs. 17,000cr share buyback starting on December 1
Tata Consultancy Services (TCS) is set to launch a share buyback worth Rs. 17,000 crore.
28 Nov 2023
Reliance JioThese Airtel, Jio prepaid plans offer free Netflix subscriptions
Airtel and Reliance Jio have jumped on the OTT bandwagon by offering free Netflix subscriptions with select prepaid plans.
28 Nov 2023
BharatPeBharatPe turns EBITDA positive for the first time
Fintech unicorn BharatPe announced on Tuesday that it has turned EBITDA positive in October 2023, with annualized revenue surpassing Rs. 1,500 crore.
28 Nov 2023
Stock MarketSensex gains 204 points, Nifty settles below 19,890 mark
On Tuesday, the benchmark Sensex and Nifty indices saw gains.
28 Nov 2023
MetaMeta's paid ad-free service draws privacy complaint in Austria
Meta Platforms, the company behind Facebook and Instagram, is facing a privacy complaint in Europe over its new paid ad-free subscription service.
28 Nov 2023
SonyWhy Sony-ZEE merger is at risk of collapse
The potential $10 billion merger between Sony's India unit and ZEE is in jeopardy as the December 21 deadline approaches, per a Bloomberg report.
28 Nov 2023
Pakistan NewsAsia's worst-performing currency to face another challenging year
The Pakistani rupee might end up as Asia's worst-performing currency by 2023-end, with losses expected to continue into 2024.
28 Nov 2023
BharatPeAshneer Grover fined for making unparliamentary posts against BharatPe
The Delhi High Court on Tuesday slapped a Rs. 2 lakh fine on Ashneer Grover, ex-Managing Director and co-founder of BharatPe, for sharing inappropriate posts about the company despite promising the court he wouldn't do so, reported Hindustan Times (HT).
28 Nov 2023
Adani GroupAdani Group shares surge up to 20%: Here's why
Adani Group stocks saw strong gains today after the Supreme Court wrapped up hearings on petitions calling for an investigation into the Adani-Hindenburg matter.
28 Nov 2023
RedditReddit may decide to go public in early 2024
Reddit, the United States (US)-based social media giant, is in talks with potential investors for an initial public offering (IPO) as early as the first quarter (Q1) of 2024, Bloomberg has reported.
28 Nov 2023
CryptocurrencyToday's cryptocurrency prices: Check Bitcoin, Ethereum, BNB, Solana rates
Bitcoin has slipped 1.01% in the past 24 hours to trade at $36,994.93. It is 1.08% lower than the week before.
28 Nov 2023
Initial Public Offering (IPO)China's fast-fashion giant Shein files for IPO in US
Chinese fast-fashion giant Shein has confidentially filed for a US initial public offering (IPO), according to Reuters.
27 Nov 2023
VolkswagenVolkswagen to cut jobs in struggling VW brand
Volkswagen's brand chief, Thomas Schaefer, cautioned that the company's high costs and low productivity are making its vehicles less competitive.
27 Nov 2023
iPhoneApple iPhone maker Foxconn announces $1.6 billion expansion in India
Foxconn, a major supplier for Apple, recently revealed plans to invest a whopping $1.6 billion in construction projects in India, according to a Taiwan exchange filing.
27 Nov 2023
Reserve Bank Of India (RBI)First tranche of sovereign gold bonds matures on November 30
The Reserve Bank of India (RBI) has revealed the final redemption price for the first batch of Sovereign Gold Bonds (SGBs), which are set to mature on November 30.
27 Nov 2023
US DollarsGold hits six-month high fueled by struggling US dollar
Gold prices reached a six-month peak on Monday, fueled by a weak US dollar and speculation that the US Federal Reserve might start easing monetary policy sooner than expected.
27 Nov 2023
IndiaIndia-US to finalize MQ-9B Predator drone deal by March 2024
India is set to secure a significant deal for 31 armed MQ-9B Predator drones from the US by March next year.
27 Nov 2023
Tata Consultancy Services (TCS)TCS has to pay DXC $210 million: What's the story?
A US jury has ordered Indian IT giant Tata Consultancy Services (TCS) to pay $210 million for allegedly misusing source code from American IT company DXC to create its TCS Bancs software platform.
27 Nov 2023
Stock MarketJefferies initiates BSE coverage with 24% upside projection
Jefferies, an international brokerage firm, predicts a 24% increase in BSE stock value over the next year, following a 290% rise this year.
27 Nov 2023
IndiaS&P upgrades India's FY24 growth forecast to 6.4%
S&P Global Ratings has raised India's growth forecast for the current financial year (FY24) to 6.4%, up from 6%, due to strong domestic momentum counterbalancing challenges from high food inflation and weak exports.
27 Nov 2023
RealmeRealme surpasses 200mn smartphone shipments, sets sights on premium market
Chinese smartphone maker Realme has shipped over 200 million phones in just over five years, making it the fifth-fastest company to hit this milestone.
27 Nov 2023
BYJU'SBYJU's appoints Jiny Thattil as CTO following Anil Goel's exit
Edtech powerhouse BYJU's has named Jiny Thattil as its new Chief Technology Officer (CTO), succeeding Anil Goel, who is departing the company after three years.
27 Nov 2023
ChinaBeijing Stock Exchange asks major shareholders to refrain from selling
China's Beijing Stock Exchange has put an unofficial policy in place that stops major shareholders of listed companies from selling their stocks, according to Reuters.
27 Nov 2023
Alibaba GroupWhy Alibaba has shut down its quantum computing research lab
China-based Alibaba Group Holding Ltd has shut down its quantum computing research lab.
27 Nov 2023
MetaMeta intentionally made social media addictive for children: Court documents
Meta Platforms, the company behind Facebook, is facing allegations of intentionally designing its social media platforms to be addictive for children, according to a legal complaint unsealed recently and reported by The Wall Street Journal and The New York Times.
27 Nov 2023
ChinaChina's industrial profit growth falls sharply in October
China's industrial companies experienced a significant decline in profits in October.
27 Nov 2023
AppleTata expands Hosur Apple iPhone factory, doubling production capacity
Tata Electronics, a Tata Group subsidiary, is set to double the size of its Hosur plant, where iPhone casings are produced, according to the Economic Times (ET).
27 Nov 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has shed 1.03% over the last 24 hours to trade at $37,355.93. It is 0.45% higher than the previous week.
27 Nov 2023
TikTokTikTok parent shuts down gaming unit, lays off hundreds
ByteDance, TikTok's parent company, is planning to shut down its Nuverse gaming division and withdraw entirely from the mainstream video game industry, according to Reuters.
26 Nov 2023
Reliance JioJio AirFiber reaches 494 cities: Check availability in your region
India's top telecom operator, Reliance Jio, is swiftly expanding its 5G fixed wireless access (FWA) service, Jio AirFiber, in the country.
26 Nov 2023
CryptocurrencyCryptocurrency prices: Today's rates of Bitcoin, Ethereum, Shiba Inu
Bitcoin has soared 0.01% in the past 24 hours and is currently trading at $37,766.89. It is 3.32% higher than last week.
25 Nov 2023
XX might lose $75 million in ad revenue: Here's why
X might face a potential loss of $75 million in ad revenue by 2023 end, per The New York Times.
