Business News
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23 Dec 2023
Ministry of Electronics and ITOTT services are exempt from Telecom Bill 2023: Ashwini Vaishnaw
Earlier this week, the Indian Government presented new legislation to substitute three existing laws governing the telecom industry within the country.
23 Dec 2023
InfosysInfosys loses $1.5 billion AI contract from global customer
Infosys has revealed that an unnamed global company has chosen to terminate a Memorandum of Understanding (MoU) for a $1.5 billion deal centered on artificial intelligence solutions.
23 Dec 2023
Air IndiaAir India to receive its first Airbus A350-900 aircraft today
Air India is gearing up to receive its first Airbus A350-900 at Delhi Airport today, as per reports.
23 Dec 2023
OpenAIOpenAI is seeking fresh funding at $100bn valuation
OpenAI is in talks to secure a new round of funding that could value the company at a whopping $100 billion or more, according to Bloomberg.
23 Dec 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Dogecoin, Tether, BNB
Bitcoin has slipped 1.39% in the past 24 hours to currently trade at $43,536.13. It is 3.01% higher than the week before.
22 Dec 2023
Securities and Exchange Board of IndiaEquity traders can soon withdraw cash same day after trades
The Securities and Exchange Board of India (SEBI) is considering introducing optional T+0 and instantaneous settlement of trades in the equity cash segment, alongside the current T+1 settlement cycle.
22 Dec 2023
IndiaIndia's forex reserves jump $9bn to nearly $616bn
India's foreign reserves jumped by $9.11 billion, hitting $615.97 billion for the week ending December 15, according to the Reserve Bank of India (RBI).
22 Dec 2023
Vodafone IdeaVi launches Rs. 3,199 annual plan with Prime Video subscription
Vi (Vodafone Idea) has introduced a Rs. 3,199 annual prepaid recharge plan that comes bundled with a one-year Amazon Prime Video mobile subscription.
22 Dec 2023
Sachin TendulkarSachin Tendulkar-backed Azad Engineering IPO subscribed over 80 times
Cricket legend Sachin Tendulkar-backed Azad Engineering's Rs. 740 crore IPO is seeing a strong response on the final day of bidding. The issue has been subscribed over 80 times.
22 Dec 2023
Stock MarketICICI Direct predicts Nifty50 to reach 24,200 in 2024
ICICI Securities predicts a bright future for the Nifty50 index, setting a target of 24,200 by 2024. This growth is expected to be fueled by foreign fund inflows.
22 Dec 2023
LPG CylinderCommercial LPG cylinder costs slashed by Rs. 39.5: Check rates
In a considerable relief for commercial consumers, state-run oil marketing companies slashed the price of the 19kg commercial liquefied petroleum gas (LPG) cylinder by Rs. 39.5 on Friday.
22 Dec 2023
Stock MarketSensex gains over 240 points, Nifty settles near 21,350 mark
On Friday, the benchmark Sensex and Nifty indices showed an upward trend since the opening bell. The Sensex rose 0.34% to 71,106.96 points while the Nifty gained 0.44% to end at 21,349.40 points.
22 Dec 2023
United KingdomUK economy shrinks in Q3, raising recession fears
The United Kingdom's economy has shrunk by 0.1% in the third quarter, as per updated official data, raising concerns about a possible recession.
22 Dec 2023
Board of Control for Cricket in India (BCCI)NCLT to hear BCCI vs BYJU'S case on January 17
The National Company Law Tribunal (NCLT) in Bengaluru has set a hearing for January 17 in the high-profile case between the Board of Control for Cricket in India (BCCI) and edtech giant BYJU'S.
22 Dec 2023
Sam Altman'Fight bullsh*t and bureaucracy': OpenAI's Sam Altman shares leadership lessons
Sam Altman, the CEO of OpenAI, has shared valuable insights on effective business strategies and team dynamics in a blog post titled "What I wish someone had told me."
22 Dec 2023
GoogleBig tech firms seek clarity on Telecommunications Bill's scope
The Asia Internet Coalition (AIC) has requested clarification from the Indian government on the recently passed Telecommunications Bill 2023.
22 Dec 2023
ChinaTencent loses $46bn in m-cap amid China's online gaming curbs
China is cracking down on online gaming, implementing new measures to curb spending and content, which has led to a massive $46 billion loss in Tencent's value.
22 Dec 2023
AppleWhy latest Apple Watches are being banned in US
On December 18, Apple said it would remove the latest Series 9 and Ultra 2 smartwatches from its site by December 21 and stores by December 24.
22 Dec 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Solana, BNB
Bitcoin has risen 1.13% over the last 24 hours to trade at $44,113.15. It is up 3.20% from last week.
22 Dec 2023
Hyperloop OneRichard Branson-backed Hyperloop One is shutting down
Hyperloop One, a start-up once supported by Richard Branson's Virgin Group, is set to close its doors on December 31, Bloomberg reports.
22 Dec 2023
AmazonAmazon Prime vs Prime Lite: Which membership is better
Amazon has reduced the price of its affordable Prime membership plan called Prime Lite. It now costs Rs. 799 per year, as opposed to Rs. 999.
21 Dec 2023
StartupsIndia's start-up ecosystem: Tracing its growth and challenges in 2023
India's start-up ecosystem has undergone a transformative journey over the past decade.
21 Dec 2023
ZomatoZomato makes offer to acquire Shiprocket
Leading food delivery company Zomato has proposed a deal to acquire Indian e-commerce shipping start-up Shiprocket, according to Bloomberg.
21 Dec 2023
SensexSensex gains over 350 points, Nifty settles above 21,250 mark
On Thursday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge. The Sensex jumped 0.51% to 70,865.1 points while the Nifty climbed 0.49% to 21,255.05 points.
21 Dec 2023
State Bank of India (SBI)SBI to sign €200 million LoC with European Investment Bank
The State Bank of India (SBI) revealed plans to sign a €200 million (around Rs. 1,800 crore) Line of Credit (LoC) with the European Investment Bank (EIB) to support climate action initiatives in India.
21 Dec 2023
GSTHow online gaming industry is countering the 28% GST impact
The online gaming industry is grappling with the effects of the 28% Goods and Services Tax (GST) implemented since October 1.
21 Dec 2023
Artificial Intelligence and Machine LearningAI start-up Anthropic is in talks to raise $750mn
Anthropic is in talks to raise a whopping $750 million (nearly Rs. 6,250 crore) in a funding round led by Menlo Ventures, according to Reuters.
21 Dec 2023
XX is back online after hour-long global outage
Around 11:00am on Thursday morning, the microblogging site X, previously known as Twitter, encountered a technical issue.
21 Dec 2023
Initial Public Offering (IPO)INOX India lists at Rs. 950, 44% above issue price
INOX India made a strong entrance on the stock exchanges today, with shares opening at a 44% premium over the issue price.
21 Dec 2023
National Stock ExchangeNSE's active users increase for fifth month in a row
The National Stock Exchange (NSE) has witnessed a fifth consecutive month of growth in active users.
21 Dec 2023
Warner BrosWarner Brothers Discovery and Paramount are in merger talks
Shares of Warner Brothers Discovery took a 5% hit amid rumors of potential merger talks with Paramount Global.
21 Dec 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has climbed 2.36% in the past 24 hours, trading at $43,621.72. It is 1.95% higher than last week.
20 Dec 2023
IndiaDecoding India's economic growth: Key contributing sectors and future outlook
India's economic performance has been impressive lately, marked by a solid 7.8% growth in the first quarter and sustained momentum with a strong 7.6% growth in the second quarter of the current fiscal year.
20 Dec 2023
SpiceJetMumbai-based couple acquires 19% stake in SpiceJet for Rs. 1,100cr
Mumbai-based entrepreneur Harihara Mahapatra and his wife Preeti will acquire a 19% stake in budget airline SpiceJet, investing Rs. 1,100 crore.
20 Dec 2023
Unified Payments Interface (UPI)UPI transactions reach Rs. 17.4 lakh crore this December
Reserve Bank of India (RBI) has disclosed in its monthly bulletin that transactions via Unified Payments Interface (UPI) reached Rs. 17.4 lakh crore in December 2023.
20 Dec 2023
StartupsShareChat lays off 200 employees in a cost-cutting move
ShareChat, a prominent social media platform, has announced the layoff of nearly 200 employees, which accounts for 15% of its workforce.
20 Dec 2023
IndiaIndian companies' dollar bond fundraising hits 14-year low: Here's why
In 2023, Indian companies experienced their lowest dollar bond fundraising since 2009, raising a mere $4.1 billion through six bond issues.
20 Dec 2023
Stock MarketSensex plummets 930 points, Nifty falls to 21,150 mark
On Wednesday, the benchmark Sensex and Nifty indices witnessed a slump. While the Sensex slipped 930.88 points, or 1.30%, to 70,506.31 points, the Nifty shed 302.95 points, or 1.41%, to 21,150.15 points.
20 Dec 2023
Bank of BarodaBank of Baroda, NABARD, and IREDA raise crores through bonds
Bank of Baroda has raised Rs. 2,500 crore via 10-year Basel-III Tier-II bonds, offering a 7.75% coupon rate.
20 Dec 2023
Stock MarketTrends that defined India's stock market in 2023
The year 2023 has been quite a ride for India's stock market. The mid-cap and small-cap stocks have been on a rollercoaster of a rally, stirring up a lot of excitement among investors.
