Business News
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06 Dec 2023
United BreweriesKingfisher-maker UBL thinks beer market in India can grow more
Top beverage company United Breweries is expecting a mid to high single-digit growth in India's beer market, per CEO Vivek Gupta.
06 Dec 2023
Elon MuskMusk, who raised AI concerns, wants $1bn for his chatbot
You know how Elon Musk used to worry about artificial intelligence (AI) technology getting out of hand? Well, now he is seeking a $1 billion investment to accelerate his own AI project, xAI.
06 Dec 2023
Azim PremjiSleep Company raises Rs. 184cr; doubles valuation in one year
The Sleep Company, a Mumbai-based start-up, has secured Rs. 184 crore in a Series C funding round led by Azim Premji-backed Premji Invest and Fireside Ventures.
06 Dec 2023
NiftyNifty50 opens higher for 7th straight day, nears 21,000 mark
Nifty50 index is nearing the important 21,000 mark, just 40 odd points away as it experiences its seventh consecutive session of gains.
06 Dec 2023
Ola ElectricIPO-bound Ola Electric reports 510% revenue growth in FY23
Electric vehicle (EV) maker, Ola Electric logged a whopping 510% increase in its consolidated revenue for the financial year ending March 2023 (FY23), reaching Rs. 2,782 crore.
06 Dec 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, BNB
Bitcoin has risen 4.70% in the past 24 hours to trade at $43,734.56. It is 15.36% up compared to last week.
06 Dec 2023
NVIDIANVIDIA making China-specific chips in compliance with US export restrictions
NVIDIA's CEO, Jensen Huang, confirmed on Wednesday their commitment to creating new products that comply with strict US government rules for exporting top-notch chips to China, reported Reuters.
05 Dec 2023
Ola'Lowest price guaranteed': Rapido launches cab services in three metros
Swiggy-backed ride-hailing platform Rapido has officially launched its cab services in Delhi, Bangalore, and Hyderabad, with plans to expand across India by mid-2024.
05 Dec 2023
Enforcement Directorate (ED)Government banks bag Rs. 15,183cr after ED action under PMLA
The Enforcement Directorate (ED) has seized assets valued at Rs. 15,186.64 crore under the Prevention of Money Laundering Act (PMLA).
05 Dec 2023
Nirmala Sitharaman21,791 fake GST registrations unearthed, Rs. 24,000cr evasion suspected: FM
During a recent two-month special drive, Finance Minister Nirmala Sitharaman announced that GST officers discovered 21,791 fake GST registrations and over Rs. 24,000 crore in suspected tax evasion.
05 Dec 2023
IndiaIndia poised to become world's third-largest economy by 2030: S&P
India is on its way to becoming the world's third-largest economy by 2030, surpassing both Japan and Germany, as reported by S&P Global Ratings.
05 Dec 2023
Stock MarketSensex gains 431 points, Nifty settles above 20,850 mark
On Tuesday, the benchmark Sensex and Nifty indices saw gains.
05 Dec 2023
ChinaMoody's downgrades China's credit outlook to negative on debt worries
Moody's Investors Service on Tuesday changed China's government credit ratings outlook from stable to negative.
05 Dec 2023
Adani GroupAdani Green Energy jumps 18% on securing $1.36bn funding
Adani Green Energy Ltd. (AGEL) recently secured an additional $1.36 billion in funding through a senior debt facility, bringing its total construction financing framework to $3 billion.
05 Dec 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, BNB, Tether
Bitcoin has risen 2.39% over the last 24 hours to trade at $41,777.51. It is up 12.64% from last week.
05 Dec 2023
SensexSensex crosses 69,000 for the first time
India's benchmark indices soared to record highs on December 5, driven by strong macroeconomic indicators, expectations of US interest rate reductions, and the Bharatiya Janata Party's unparalleled win in three major state polls.
05 Dec 2023
Reliance JioThese Airtel, Jio, Vi plans offer free Disney+ Hotstar subscription
Airtel, Reliance Jio, and Vodafone Idea (Vi) all offer prepaid plans bundled with free Disney+ Hotstar subscription.
04 Dec 2023
BYJU'SBYJU'S founder pledges homes to pay staff their salaries
Byju Raveendran, the founder of Indian edtech giant BYJU'S, pledged his and his family members' homes.
04 Dec 2023
ChennaiCyclone Michaung: Foxconn, Pegatron stop iPhone production near Chennai
The production of Apple's iPhones at Foxconn and Pegatron facilities near Chennai has been stopped due to heavy rains, Reuters reported.
04 Dec 2023
Stock MarketInvestors get richer by Rs. 5.8L crore after today's rally
On December 4, the Nifty50 and Sensex reached their lifetime highs, following the Bharatiya Janata Party's (BJP) victories in three major state elections in Rajasthan, Madhya Pradesh and Chhattisgarh.
04 Dec 2023
National Company Law TribunalNCLT dismisses insolvency plea against SpiceJet
On December 4, the National Company Law Tribunal (NCLT) rejected a request to begin insolvency proceedings against budget airline SpiceJet.
04 Dec 2023
Ministry of FinanceIndia to become $5tn economy in 'Amrit Kaal': MoS Finance
Pankaj Chaudhary, the Minister of State for Finance, stated that India is poised to become a $5 trillion economy in the early stages of "Amrit Kaal."
04 Dec 2023
Weight lossRoche acquires obesity drug developer Carmot Therapeutics for $3.1bn
Swiss pharmaceutical company Roche is set to acquire obesity drug developer Carmot Therapeutics for $2.7 billion, with an additional $400 million contingent on meeting specific milestones.
04 Dec 2023
Stock MarketSensex climbs to record high, Nifty settles above 20,640 mark
On Monday, the stock market closed with an uptrend movement, recording massive gains for the benchmark indices.
04 Dec 2023
AppleApple's Make-in-India push: iPhone batteries to be manufactured in Haryana
TDK Corporation, a Japanese electronic parts maker, will produce Lithium-ion (Li-ion) battery cells for iPhones in Haryana, as revealed by Minister of State for Information Technology Rajeev Chandrasekhar.
04 Dec 2023
SpotifySpotify fires 1,500 employees in third layoff round this year
Music streaming giant Spotify said in an email to employees on Monday that it will reduce its total headcount by around 17% across the company.
04 Dec 2023
TikTokTikTok parent to launch AI chatbot development platform this month
TikTok owner ByteDance plans to launch public beta of its "bot development platform" by the end of the month, as revealed in an internal memo seen by the Post.
04 Dec 2023
Gautam AdaniGautam Adani's fortune grows by $5.6B in just 6 days
Gautam Adani's net worth has increased by $5.6 billion since Tuesday as Adani Group's stocks rallied after the conclusion of hearings in a case involving allegations of corporate wrongdoing against the conglomerate
04 Dec 2023
Federal ReserveGold prices reach record high amid hopes of rate cuts
Gold hit a record high of $2,111.39 per ounce on Monday after the US Federal Reserve Chair Jerome Powell's optimistic remarks raised expectations of an early interest rate cut next year.
04 Dec 2023
CryptocurrencyBitcoin rises above $40,000 for first time in 2023
Bitcoin has climbed 3.86% over the last 24 hours, trading at $40,884.50. It is 9.37% higher than the previous week.
04 Dec 2023
ChinaChina Evergrande liquidation case adjourned until January: Here's why
Hong Kong's High Court on Monday postponed the winding-up hearing for China's Evergrande Group, the world's most indebted developer, until January 29, 2024.
04 Dec 2023
NiftySensex, Nifty reach new peaks as BJP wins 3 states
The BJP's triumph in Rajasthan, Madhya Pradesh, and Chhattisgarh, seen as a precursor to the 2024 general elections, has fueled hope on Dalal Street.
03 Dec 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Dogecoin, Shiba Inu
Bitcoin has surged 1.56% in the past 24 hours to trade at $39,427.09. It is up by 4.41% compared to last week.
02 Dec 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Dogecoin, Tether, BNB
Bitcoin has soared 1.65% in the past 24 hours and is currently trading at $38,814.11. It is 2.72% higher than last week.
01 Dec 2023
Reserve Bank Of India (RBI)RBI, Bank of England sign MoU on Clearing Corporation cooperation
The Reserve Bank of India (RBI) and the Bank of England (BoE) have joined forces by signing a Memorandum of Understanding (MoU).
01 Dec 2023
BitcoinBitcoin climbs 2.87% to its highest level in 2023
Bitcoin experienced a 2.87% increase, reaching its highest value this year at $38,834 on December 1.
01 Dec 2023
TVS Motor CompanyTVS Motor's sales rise 31% to 3,64,231 units in November
TVS Motor Company saw a 31% surge in total dispatches, hitting 3,64,231 units in November 2023, a major increase from the 2,77,123 units recorded in November 2022.
01 Dec 2023
EuropeEuropean bankers brace for job cuts, smaller bonuses in 2024
Global economic concerns and geopolitical uncertainty have dampened the spirits of bankers from London to Frankfurt.
01 Dec 2023
Stock MarketSensex gains 493 points, Nifty settles near 20,270 mark
On Friday, the benchmark Sensex and Nifty indices showed an upward trend.
01 Dec 2023
Maruti SuzukiMaruti Suzuki's total sales jump 3.39% YoY in November
Maruti Suzuki reported a 3.39% increase in total sales, hitting 1,64,439 units in November 2023, up from 1,59,044 units during the same month in 2022.
