Business News
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20 Dec 2023
Initial Public Offering (IPO)Top IPOs to look out for in India right now
The stock market in India has touched new highs today and is showing a great response to initial public offerings (IPOs).
20 Dec 2023
Initial Public Offering (IPO)DOMS Industries shares debut with 77% premium at Rs. 1,400
DOMS Industries made a remarkable entrance on the stock market, with shares listing at Rs. 1,400 per share on the NSE and BSE, a whopping 77.2% premium over its IPO price of Rs. 790.
20 Dec 2023
National Stock ExchangeSIDBI and KIIFB to float bonds worth Rs. 6,500 crore
The Small Industries Development Bank of India (SIDBI) and Kerala Infrastructure Investment Fund Board (KIIFB) will issue bonds totaling Rs. 6,499.96 crore tomorrow (December 21).
20 Dec 2023
CryptocurrencyToday's cryptocurrency prices: Check Bitcoin, Ethereum, BNB, XRP rates
Bitcoin has shed 0.53% over the last 24 hours to trade at $42,615.68. It is 4.28% higher than the previous week.
20 Dec 2023
NiftyNifty50, Sensex hit fresh all-time highs: What's driving the rally
Nifty50 and Sensex soared to fresh all-time highs on Wednesday, primarily driven by Media, FMCG, and information technology stocks.
20 Dec 2023
GoogleGoogle Bard won't answer your election-related queries: Here's why
Google's parent company, Alphabet, is gearing up to limit election-related queries on its chatbot Bard and AI-based searches before the 2024 US Presidential election.
19 Dec 2023
BengaluruRide-hailing start-up viaDOTS plans to recruit 50,000 cab drivers
Bengaluru-based ride-hailing start-up viaDOTS announced on Tuesday that it plans to recruit 50,000 taxi drivers by the first quarter of 2024.
19 Dec 2023
Reserve Bank Of India (RBI)Unclaimed deposits with banks rise to Rs. 42,270cr in FY23
Unclaimed bank deposits in India have seen a 28% yearly increase, reaching Rs. 42,270 crore as of March 2023, according to data shared with Parliament on Tuesday.
19 Dec 2023
Reserve Bank Of India (RBI)RBI restricts lenders from investing in AIFs with debtor links
The Reserve Bank of India (RBI) has declared that regulated entities (REs), such as banks, non-bank lenders, and home financiers, are now forbidden from investing in alternative investment funds (AIFs).
19 Dec 2023
Initial Public Offering (IPO)SoftBank-backed FirstCry, Ola Electric to file IPO papers by December-end
Ola Electric and FirstCry, both backed by SoftBank, will submit their draft IPO papers to the Securities and Exchange Board of India (SEBI) by next week, as per Moneycontrol.
19 Dec 2023
Stock MarketSensex closes at 71,424 points, Nifty settles above 21,450 mark
The stock market on Tuesday ended on a positive note as the Sensex rose 0.17% to settle at 71,424.41 points, while Nifty climbed 0.16% to end at 21,453.1 points.
19 Dec 2023
StartupsThe full story of Nikola's founder and his imprisonment
Nikola founder Trevor Milton has been handed a four-year prison sentence after being found guilty of fraud in 2021.
19 Dec 2023
Sony PicturesWhy Sony-Zee merger may not happen anytime soon
Sony Pictures Networks India (SPNI) announced on Tuesday that it has not yet agreed to extend the merger deadline with Zee Entertainment Enterprises.
19 Dec 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Shiba Inu
Bitcoin has risen 4.30% in the past 24 hours to trade at $42,921.56. It is 3.43% up compared to last week.
19 Dec 2023
Initial Public Offering (IPO)DOMS IPO allotment is out: Step-by-step guide to check status
The much-awaited DOMS Industries Ltd's IPO allotment results are finally out, following the bidding's conclusion.
19 Dec 2023
IndiaIMF forecasts 6.3% growth for India's economy this fiscal year
The International Monetary Fund (IMF) predicts India's economy will grow by 6.3% this fiscal year and next, thanks to digital public infrastructure and a robust government infrastructure program.
18 Dec 2023
SwiggySwiggy's 2% collection fee causing dispute with restaurants: Here's why
Swiggy, a leading food delivery service, has stirred up controversy with restaurants by announcing a 2% collection fee on all orders starting December 20, reports the Economic Times (ET).
18 Dec 2023
Indian Railway Catering and Tourism CorporationIRCTC shares surge over 13%, hit 52-week high
Shares of the Indian Railway Catering and Tourism Corporation (IRCTC) soared over 13% to Rs. 888 on the BSE, reaching a new 52-week high during Monday's trading session.
18 Dec 2023
Lok SabhaTelecom Bill makes biometric ID compulsory for getting SIM cards
The Lok Sabha has introduced an updated Telecommunications Bill 2023, which mandates biometric identification by telecom companies before providing SIM cards to customers.
18 Dec 2023
Stock MarketFPIs made purchases worth $15bn in Indian equities this fortnight
In the first half of December, foreign portfolio investors (FPI) made purchases in Indian equities worth Rs. 42,733 crore, National Securities Depository data showed.
18 Dec 2023
IBMIBM to buy Software AG's platforms for $2.3 billion
IBM is set to acquire Software AG's enterprise integration platforms, StreamSets and webMethods, for a whopping $2.33 billion, reported Reuters.
18 Dec 2023
AppleSmaller cities account for 60% of Apple's sales in India
Over 60% of Apple's sales in India—particularly iPhones—now come from smaller tier-2 and tier-3 cities, per The Economic Times.
18 Dec 2023
Stock MarketSensex slips 169 points, Nifty settles near 21,420 mark
On Monday, major indices of the stock market witnessed a downward trend.
18 Dec 2023
Reserve Bank Of India (RBI)RBI imposed Rs. 40.4cr penalties on financial institutions in FY23
The Reserve Bank of India (RBI) has slapped financial institutions with penalties totaling Rs. 40.39 crore during the 2022-23 fiscal year, according to Minister of State for Finance Bhagwat Karad.
18 Dec 2023
Reserve Bank Of India (RBI)Sovereign Gold Bond Series III subscription opens: Should you invest
The Reserve Bank of India (RBI) has revealed that the Sovereign Gold Bond (SGB) Scheme Series III for the 2023-2024 fiscal year will be open for subscription from December 18-22.
18 Dec 2023
Stock MarketSugar stocks jump up to 11%: Here's why
Sugar stocks saw a major boost today (December 18), after the Indian government reversed its ban on using sugarcane juice for ethanol production.
18 Dec 2023
IndiaHospitals to be top growth sector for FY24-26, says Jefferies
India's healthcare industry is poised for significant growth, with hospitals expected to see a considerable increase in capacity and net income, according to a recent Jefferies report.
18 Dec 2023
Goldman SachsGoldman Sachs expands credit business in India: Here's why
Goldman Sachs is gearing up to broaden its credit business in India, reported Bloomberg.
18 Dec 2023
Initial Public Offering (IPO)Muthoot Microfin's Rs. 960 crore IPO opens for subscription
Muthoot Microfin's initial public offering (IPO) opened for subscription today.
18 Dec 2023
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, XRP, BNB
Bitcoin has lost 2.09% of its value in the last 24 hours and is now trading at $41,097.84. It is down 2.58% from last week.
18 Dec 2023
Adani GroupAmbuja Cements commits Rs. 6,000 crore for green power projects
Ambuja Cements, part of the Adani Group, has revealed plans to invest a whopping Rs. 6,000 crore in renewable energy projects, aiming for a capacity of 1,000MW.
18 Dec 2023
SpiceJetSpiceJet, two others show interest in acquiring bankrupt Go First
SpiceJet, Sharjah-based Sky One, and Safrik Investments, an Africa-focused firm, have shown interest in acquiring the bankrupt carrier Go First, as per an Economic Times (ET) report.
17 Dec 2023
Elon MuskElon Musk-owned private jets took 440+ flights in 2023
Elon Musk's private jets flew a staggering 441 times, clocking over 1,161 hours in the air as of December 14, 2023, according to the data shared by jet-tracking site JetSpy.
17 Dec 2023
NissanNissan plans global export of China-developed EVs to rival BYD
Nissan Motor is gearing up to sell electric vehicles (EVs) developed in China on a global scale.
17 Dec 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Dogecoin, Solana, BNB
Bitcoin has slipped 0.59% in the past 24 hours to trade at $41,983.24. It is 4.44% lower than the week before.
16 Dec 2023
AppleWhy China is banning iPhone in government-backed firms
China's iPhone ban has reportedly been expanded to more government and state firms.
16 Dec 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, BNB
Bitcoin has dropped 1.25% in the past 24 hours to trade at $42,274.14. Compared to last week, it is 4.45% down.
15 Dec 2023
IndiaIndia's forex reserves reach 4-month high of $607 billion
India's forex reserves have experienced a boost, rising by $2.816 billion to reach a four-month high of $606.859 billion during the week ending December 8.
15 Dec 2023
Go FirstGo First close to shutting down, cancels flights till February
Go First is facing potential closure after entering bankruptcy protection in May and failing to find a rescuer.
15 Dec 2023
NiftyBank Nifty hits all-time high, crosses 48,000 for first time
On December 15, the Bank Nifty index soared to a record high of 48,219.95, fueled by a surge in HDFC Bank stock due to the FTSE rejig.
