Business News
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15 Dec 2023
Stock MarketNew-age stocks make comeback in 2023: Zomato, Paytm, and more
In 2023, stocks like Paytm, Zomato, Nykaa, PB Fintech, CarTrade Tech, and Delhivery have made a strong comeback, rewarding investors after a disappointing 2022.
15 Dec 2023
Initial Public Offering (IPO)DOMS Industries IPO subscribed 93 times on final day
The Rs. 1,200 crore initial public offering (IPO) of Gujarat-based DOMS Industries saw strong investor interest on the final day of bidding.
15 Dec 2023
IndiaTrade in November: Exports dip by 2.83%, imports down 4.33%
India saw a decrease in its merchandise trade deficit to $20.58 billion in November.
15 Dec 2023
NiftyNifty IT gains 2,300 points in 2 days: Here's why
The Nifty IT index on Friday jumped to new heights at 35,947.60, hitting record levels for two days in a row.
15 Dec 2023
Zydus CadilaZydus Lifesciences receives US approval for generic HIV-1 drug
Zydus Lifesciences has secured final approval from the US Food and Drug Administration (USFDA), to market its generic Darunavir tablets in the country.
15 Dec 2023
Stock MarketNifty, Sensex close at all-time high driven by IT stocks
On Friday, the benchmark Sensex and Nifty indices showed an upward trend since the opening bell.
15 Dec 2023
Akasa AirAkasa Air most punctual airline in November, SpiceJet least reliable
In November, Akasa Air achieved an impressive on-time performance of 78.2%, making it the most punctual carrier, as per the Directorate General of Civil Aviation (DGCA).
15 Dec 2023
Defence MinistryBEL jumps 3% on securing Rs. 5,300cr defence contract
The Defence Ministry on December 15 inked a significant contract worth over Rs. 5,300 crore with state-owned Bharat Electronics Ltd (BEL) for the acquisition of electronic fuzes for the Indian Army.
15 Dec 2023
ZeeNo stay on Zee-Sony merger, case hearing on January 8
The National Company Law Appellate Tribunal (NCLAT) has decided not to halt the merger between Sony and Zee Entertainment Enterprises Limited (ZEEL).
15 Dec 2023
Reliance JioJioTV Premium plans: Which one offers the best benefits
Reliance Jio has introduced JioTV Premium, a set of subscription plans that provide access to 14 OTT apps, unlimited data, voice, and SMS benefits.
15 Dec 2023
IndiaIndia will buy Venezuelan oil, confirms Oil Minister Hardeep Puri
India is set to purchase Venezuelan oil, as announced by Minister of Petroleum and Natural Gas Hardeep Singh Puri on Friday.
15 Dec 2023
Elon MuskMusk's X aims for financial disruption with new payment system
Billionaire Elon Musk's social media platform X, formerly known as Twitter, has obtained its 13th money-transmitter license in the United States, this time from Pennsylvania.
15 Dec 2023
International Energy AgencyCoal consumption peaks in 2023; decline likely next year onward
The International Energy Agency (IEA) predicts that global coal consumption will start to decrease in 2024 after reaching its peak this year.
15 Dec 2023
Punjab National BankPNB joins the Rs. 1L crore market cap league
Punjab National Bank (PNB) joined the ranks of State Bank of India and Bank of Baroda as the third Indian lender to surpass a market cap of Rs. 1 lakh crore.
15 Dec 2023
CryptocurrencyCryptocurrency prices: Here are rates of Bitcoin, Ethereum, BNB, Solana
Bitcoin has lost 0.07% of its value in the last 24 hours and is trading at $42,743.62. It is down 1.75% from last week.
15 Dec 2023
SensexSensex jumps 500 points to surpass 71,000 for first time
Nifty50 and Sensex on Friday opened at their all-time highs.
15 Dec 2023
ChinaChina injects record $112bn cash to revive economic growth
The People's Bank of China (PBOC) has pumped a staggering 1.45 trillion yuan (Rs. 120.8 lakh crore) into the economy via its medium-term lending facility.
14 Dec 2023
Adani GroupAdani Green Energy establishes two new subsidiaries
Adani Green Energy Ltd. has formed two new subsidiaries, Adani Renewable Energy Fifty One Ltd. and Adani Renewable Energy Fifty Five Ltd.
14 Dec 2023
Life Insurance Corporation of IndiaIDFC First Bank to launch LIC co-branded credit card
IDFC First Bank, LIC Cards, and Mastercard have teamed up to introduce a unique co-branded credit card.
14 Dec 2023
GoogleGoogle Nest Renew joins Alphabet-backed firm to form Renew Home
Google's Nest Renew is partnering with OhmConnect, an energy management platform, to form a new company called Renew Home. The goal is to create the largest energy transition resource in US.
14 Dec 2023
United KingdomBank of England keeps interest rates unchanged at 5.25%
The Bank of England (BoE) has chosen to keep interest rates at 5.25%, a 15-year high, even with decreasing inflation and worries about the UK's weak economic growth.
14 Dec 2023
Tata TechnologiesTata inaugurates vehicle software innovation center in Coimbatore: Here's why
Tata Technologies, a product engineering and digital services company, has launched a vehicle software innovation center in Tamil Nadu.
14 Dec 2023
RussiaIndia's Russian oil imports hit 4-month peak in November
India saw a significant increase in oil imports from Russia in November, reaching a four-month high of 16 lakh barrels per day (bpd).
14 Dec 2023
Reliance IndustriesRIL emerges as biggest wealth creator for 5th consecutive year
Reliance Industries Limited (RIL) has secured its position as the top wealth creator in India for the fifth consecutive year, according to a Motilal Oswal study.
14 Dec 2023
ZomatoZomato empowers delivery partners with CPR, first-aid skills
Zomato has launched a first-responder training program called 'Serving India' for its delivery partners.
14 Dec 2023
Ather EnergyOla Electric-rival Ather Energy plans IPO by Diwali 2024
Indian electric two-wheeler start-up Ather Energy is gearing up for its initial public offering (IPO).
14 Dec 2023
LiquorMeet Lalit Khaitan, India's newest billionaire at age of 80
At the age of 80, Lalit Khaitan, chairman of Delhi-based Radico Khaitan, has become India's newest billionaire.
14 Dec 2023
Stock MarketSensex gains 930 points, Nifty settles above 21,180 mark
On Thursday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge. The former jumped 1.34% to 70,514.20 points while the latter climbed 1.23% to 21,182.70 points.
14 Dec 2023
SwiggyBengaluru crowned 'Cake Capital' of India by Swiggy: Here's why
Bengaluru earned the title of "cake capital" of India in 2023.
14 Dec 2023
IndiaWholesale price inflation at 8-month high, touches 0.26% this November
India's wholesale price inflation climbed to 0.26% in November.
14 Dec 2023
Indian Railway Catering and Tourism CorporationIRCTC shares jump 3% to hit 52-week high: Here's why
Shares of IRCTC climbed 3% to hit a new 52-week high of Rs. 799.95 on December 14, as the company announced ambitious expansion plans in the non-railway catering sector across India.
14 Dec 2023
AmazonAmazon under scrutiny for tricking customers into buying Prime memberships
The Central Consumer Protection Authority (CCPA) has issued notices to Amazon India, accusing the company of employing "dark patterns" on its website to trick customers into purchasing Amazon Prime memberships, reported Moneycontrol.
14 Dec 2023
Indian GovernmentBlow to Tesla: India unwilling to cut EV import tax
The Indian government has revealed that it has no plans to reduce taxes on imported electric vehicles (EVs), which could impact Tesla's entry into the market.
14 Dec 2023
Reserve Bank Of India (RBI)Renew bank locker before December 31 deadline: Know the process
The Reserve Bank of India (RBI) has set a deadline for banks to renew locker agreements by December 31, 2023.
14 Dec 2023
GSTForeign airlines to pay GST demands on cross charges
Foreign airlines including British Airways, Etihad, and Emirates have received Goods and Services Tax (GST) demand notices related to cross charges.
14 Dec 2023
NiftyWhy Indian IT stocks are surging after US Fed meeting
The Nifty IT index soared to an all-time high on Thursday, thanks to positive takeaways from the US Federal Reserve's meeting.
14 Dec 2023
VedantaVedanta Resources secures $1.25 billion loan for debt refinancing
Vedanta Resources Ltd (VRL), the parent company of Vedanta Group, announced that it has secured $1.25 billion from private credit lenders.
14 Dec 2023
Initial Public Offering (IPO)DOMS IPO subscribed 7 times so far, GMP at 63%
DOMS Industries's initial public offering (IPO) saw an overwhelming response, with subscriptions reaching 6.95 times the issue size.
14 Dec 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has increased 4.60% in the past 24 hours to trade at $42,753.84. It is 2.76% down compared to last week.
14 Dec 2023
SensexSensex, Nifty50 hit all-time high as Fed hints rate cuts
In a surprising move, the US Federal Reserve decided to keep benchmark rates steady while hinting at potential rate cuts in 2024.
