Business News
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13 Dec 2023
Ram MandirIndiGo will fly passengers to Ayodhya starting December 30
IndiGo will be the first airline to operate from the soon-to-be-opened Maryada Purushottam Shri Ram International Airport in Ayodhya.
13 Dec 2023
Indian Rupee (INR)INR closes at all-time low of 83.41 against US dollar
The Indian rupee (INR) saw a slight dip of four paise, reaching an all-time closing low of 83.41 (provisional) against the US dollar on Wednesday.
13 Dec 2023
Stock MarketSensex closes at 69,582 points, Nifty settles near 20,930 mark
The stock market on Wednesday ended on a positive note as the Sensex climbed 0.04% to end at 69,582.52 points.
13 Dec 2023
Income Tax Department of IndiaAdvance tax payment deadline nears: All you need to know
The Income Tax Department has issued a reminder to taxpayers that the deadline for the third installment of advance tax payment is December 15, 2023.
13 Dec 2023
United KingdomUK's economy shrinks by 0.3% in October
The United Kingdom's economy took an unexpected hit in October, with the gross domestic product (GDP) dropping by 0.3%, as reported by the UK's Office for National Statistics (ONS).
13 Dec 2023
NiftyNifty IT index is down by over 2%: Here's why
Nifty50 and Sensex experienced a minor drop today, driven by concerns over US inflation.
13 Dec 2023
Indian Premier League (IPL)IPL is now worth $10.7 billion, joins decacorn club
The Indian Premier League (IPL) saw its value skyrocket to $10.7 billion (approx. Rs. 89,220 crore) in 2023, a whopping 28% surge from the $8.4 billion in previous year.
13 Dec 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, BNB, XRP
Bitcoin has shed 1.80% over the last 24 hours, trading at $40,857.46. It is 6.48% lower than the previous week.
12 Dec 2023
Stock MarketInCred raises Nifty50 FY24 target to 23,191: Know driving factors
InCred Equities, a prominent brokerage firm, has updated its Nifty50 target for FY24 to 23,191, suggesting a 10% increase from the current levels.
12 Dec 2023
IndiaIndia's retail inflation reached 3-month high of 5.55% in November
India's retail inflation jumped to 5.55% in November, a significant increase from October's four-month low of 4.8%, as reported by the Ministry of Statistics & Programme Implementation.
12 Dec 2023
WorkplaceIndia's 37% of businesses planning to expand their workforce: Report
India's hiring sentiment for the January-March 2024 quarter is among the strongest globally, with 37% of employers planning to expand their workforce, according to the ManpowerGroup Employment Outlook Survey.
12 Dec 2023
SpiceJetSpiceJet board approves Rs. 2,254cr fundraising plan
On Tuesday, SpiceJet's board approved a plan to raise Rs. 2,254 crore by issuing up to 13 crore convertible warrants and 32.08 crore fresh equity shares at an issue price of Rs. 50 each.
12 Dec 2023
Stock MarketSensex slips 377 points, Nifty settles near 20,910 mark
On Tuesday, the benchmark indices of the stock market, Sensex and Nifty, witnessed a fall.
12 Dec 2023
RenaultRenault to sell 5% stake in Nissan at €1.5bn loss
Renault, the French carmaker, has revealed its plan to sell a 5% stake in Nissan.
12 Dec 2023
Adar PoonawallaAdar Poonawalla buys London's most expensive house for Rs. 1,446cr
Billionaire Adar Poonawalla, the CEO of Serum Institute of India (SII), has reportedly finalized a deal to buy London's priciest house sold this year, worth £138 million (Rs. 1,446 crore).
12 Dec 2023
TechnologyWhy hiring in IT sector has hit all-time low
The once-booming IT industry is experiencing a hiring slowdown, with gross IT hiring additions in the past 12 months reaching an all-time low of 14%, as per US-based IT analyst firm ISG.
12 Dec 2023
AppleApple supplier to build Gorilla Glass facility in Tamil Nadu
Corning Inc., the Gorilla Glass creator and an important Apple supplier, is investing Rs. 1,000 crore to set up a manufacturing unit in Tamil Nadu.
12 Dec 2023
WorkplaceHasbro, maker of 'Scrabble' and 'Monopoly', lays off 1,100 employees
Hasbro, the company behind popular toys like Monopoly, Scrabble, Play-Doh, and Transformers, is cutting 1,100 jobs due to disappointing sales.
12 Dec 2023
Artificial Intelligence and Machine LearningSports Illustrated CEO fired after AI-generated articles get uncovered
Sports Illustrated's parent company, The Arena Group, fired its CEO Ross Levinsohn due to a scandal involving articles and fake author profiles generated through artificial intelligence (AI).
12 Dec 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Solana, BNB
Bitcoin has dropped 1.70% in the past 24 hours to trade at $41,479.84. Compared to last week, it is 0.67% down.
12 Dec 2023
PSUsIREDA shares up 200% from IPO price: Should you sell?
The Indian Renewable Energy Development Agency (IREDA) has seen its shares skyrocket over 210% from their initial price of Rs. 32, fueled by optimism surrounding power and PSU stocks.
12 Dec 2023
Reliance IndustriesReliance, Disney drafting term sheet to merge their India operations
Reliance Industries Ltd. (RIL) and Walt Disney Co. are in talks to merge their media and entertainment operations in India.
11 Dec 2023
ApplePETA crowns Apple as 2023 Company of the Year
Apple has been named 2023 Company of the Year by the animal rights group People for the Ethical Treatment of Animals (PETA), for ditching leather in their products.
11 Dec 2023
Axis Bank LtdAxis Bank estimates India's potential growth to be around 7%
Axis Bank's Chief Economist, Neelkanth Mishra, predicts a robust 7% or higher GDP growth for India in FY24, despite potential global challenges that could slow down growth in FY25.
11 Dec 2023
Nirmala SitharamanRetail inflation now stable and within acceptable range: Finance Minister
Finance Minister Nirmala Sitharaman announced on Monday that the country's retail inflation has stabilized and now falls within the acceptable range of 2% to 6%.
11 Dec 2023
IndiaIndia's crude oil imports from UAE surge: Here's why
India has experienced a significant surge in crude oil imports from the United Arab Emirates (UAE).
11 Dec 2023
IndiaProperty values in top cities soar to decade highs
In 2023, India's top six cities saw a 10-15% increase in residential property values, the highest in a decade.
11 Dec 2023
Adani GroupAdani Green to raise $410mn via bond issuance: Here's why
Adani Green Energy Ltd. is set to raise around $410 million (approximately Rs. 3,420 crore) through a new bond issuance, as reported in a Singapore stock exchange filing.
11 Dec 2023
Stock MarketSensex closes at 69,931 points, Nifty settles near 21,000 mark
The stock market on Monday ended on a positive note as the Sensex climbed 0.15% to settle at 69,931.01 points, and the Nifty rose 0.13% to end at 20,997.1 points.
11 Dec 2023
Amazon Web ServicesVaishali Kasture, AWS India's interim head, quits within a year
Vaishali Kasture has resigned as the interim head of Amazon Web Services (AWS) India and South Asia, after just seven months in the position, reported TechCrunch.
11 Dec 2023
Coca-ColaCoca-Cola India breaks ground in alcoholic drinks with Lemon-Dou
Coca-Cola, known for its soft drinks worldwide, has stepped into new territory by testing the alcoholic beverage market in India, per an Economic Times (ET) report.
11 Dec 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has shed 4.05% over the last 24 hours, trading at $42,170.47. It is 3.09% higher than the previous week.
11 Dec 2023
Stock MarketSensex crosses 70,000 mark for the first time
On Monday, India's stock market saw a modest gain, with the BSE Sensex crossing 70,000 for the first time, driven by banking, financial, and IT stocks.
11 Dec 2023
Initial Public Offering (IPO)Inox India sets IPO price band at Rs. 627-660 apiece
Inox India, a prominent cryogenic storage tank maker, has set the price range for its forthcoming initial public offering (IPO) at Rs. 627 to Rs. 660 per share.
10 Dec 2023
Saudi ArabiaSaudi Arabia may gain majority control of London's Heathrow Airport
Saudi Arabia's Public Investment Fund (PIF) and investment company Ardian are eyeing majority control of London's Heathrow, Europe's busiest airport, The Times has reported.
10 Dec 2023
Initial Public Offering (IPO)Inox India to launch IPO on December 14: Check details
Gujarat-based Inox India, a top cryogenic equipment manufacturer, is set to introduce its initial public offering (IPO) on December 14.
10 Dec 2023
IndiaIndia-EU's import duty dispute resolution likely through free trade talks
India is working to resolve a World Trade Organisation (WTO) import duty disagreement with the European Union (EU).
10 Dec 2023
Stock MarketMarket cap of 7 top-valued firms rise Rs. 3L crore
Last week, seven of India's top 10 most valued companies saw their combined market value increase by a whopping Rs. 3,04,477.25 crore.
10 Dec 2023
IndiaIndia will have 50,000 electric buses on roads by 2027
India is working toward having 50,000 electric buses on its roads by 2027, thanks to a $390 million (around Rs. 3,254 crore) joint finance mechanism with the United States.
10 Dec 2023
AgricultureIndia's agri-commodity exports fell 10L tons in September: Here's why
In September 2023, agri-commodity exports stood at 17.93 lakh tons.
