Business News

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14 May 2024

Tesla

Tesla rehiring certain Supercharger team members after unexpected dissolution

Tesla has initiated the process of rehiring some of the nearly 500 workers of its Supercharging team, who were let go last month by CEO Elon Musk.

14 May 2024

PVR Inox

PVR Inox records ₹130cr loss in Q4 amid Bollywood's underperformance

India's premier multiplex chain, PVR Inox, disclosed a net loss of ₹130 crore for the March quarter.

14 May 2024

Cognizant

Cognizant issues termination threat to employees defying return-to-office directive

Cognizant, a leading IT firm listed on NASDAQ, has reportedly issued a severe warning to its employees.

14 May 2024

Stock Market

Sensex climbs to 73,104 points, Nifty settles near 22,220 mark

On Tuesday, the benchmark Sensex and Nifty indices showed an upward trend.

14 May 2024

Amazon

Amazon warehouse workers in Quebec form first Canadian union

In a historic move, Amazon employees at the DXT4 warehouse in Laval, Quebec have successfully formed the first union at any of the firm's Canadian warehouses.

14 May 2024

Airbus

IndiGo to purchase 100 small aircraft to boost regional connectivity

India's leading airline, IndiGo, is reportedly negotiating with three aircraft manufacturers - ATR, Embraer, and Airbus - for the acquisition of at least 100 smaller planes.

14 May 2024

Tesla

Tesla settles with ex-employee allegedly fired for reporting sexual misconduct 

Tesla has successfully settled a lawsuit filed by Tyonna Turner, a former factory employee.

14 May 2024

Amazon Prime Video

Tata Play collaborates with Amazon Prime for enhanced OTT offerings

Tata Play, a prominent direct-to-home (DTH) company in India, has partnered with Amazon Prime to enhance its services for Tata Play DTH and Tata Play Binge subscribers.

14 May 2024

Stock Market

GameStop shares soar 74% after Keith Gill's social media return

GameStop shares soared 74%, following the return of Keith Gill, also called "Roaring Kitty," to social media.

14 May 2024

Startups

Cruise founder launches robotics start-up, raises $150 million

Kyle Vogt, the ex-founder and CEO of self-driving car firm Cruise, has launched a new robotics start-up named the Bot Company.

Melinda Gates announces departure from Bill & Melinda Gates Foundation

Melinda French Gates, co-chair of the Bill & Melinda Gates Foundation, has announced her departure from the organization.

14 May 2024

Sony

Sony announces co-CEOs for PlayStation post Jim Ryan's retirement

Sony has announced the appointment of Hermen Hulst and Hideaki Nishino as co-CEOs to steer its PlayStation business. This will be effective from June 1.

14 May 2024

Bitcoin

Cryptocurrency prices: Here are rates of Bitcoin, Ethereum, Dogecoin, Solana

Bitcoin has climbed 2.56% in the past 24 hours, trading at $62,461.84. It is 1.53% lower than last week.

14 May 2024

Walmart

Walmart lays off hundreds of employees in shift toward automation

Walmart, the world's largest retailer and America's biggest private employer, is reportedly laying off hundreds of corporate jobs.

13 May 2024

Hero MotoCorp

Hero MotoCorp embraces ONDC network to sell auto parts, accessories

Hero MotoCorp has announced a partnership with the Open Network for Digital Commerce (ONDC).

13 May 2024

Stock Market

Sensex climbs to 72,776 points, Nifty settles above 22,100 mark

On Monday, the benchmark Sensex and Nifty indices showed an upward trend.

13 May 2024

Blinkit

Zomato reports Q4 profit of ₹175 crore, revenue grows 73%

Zomato, a leading food delivery platform, has announced a consolidated net profit of ₹175 crore for the quarter ending March 31, 2024.

13 May 2024

Flipkart

Flipkart plans to shift domicile from Singapore to India 

E-commerce titan, Flipkart, is reportedly considering a shift of its domicile or holding company from Singapore to India.

13 May 2024

Bharti Airtel

Airtel, Google Cloud forge partnership for cloud adoption, AI deployment

Bharti Airtel has announced a long-term strategic alliance with Google Cloud.

13 May 2024

Sensex

Sensex, Nifty tumble again: What's dragging stock market down? 

The Indian benchmark equity indices, BSE Sensex and Nifty 50, experienced significant losses on Monday.

13 May 2024

Apple

Apple store workers in US approve potential strike: Here's why

Unionized employees at an Apple store in Towson, Maryland, US have given the green light for a potential strike.

13 May 2024

Zomato

Zomato achieves biggest ever order volume on Mother's Day

Zomato reported an unprecedented volume of orders on Mother's Day, surpassing even the numbers seen on New Year's Eve, as stated by CEO Deepinder Goyal.

13 May 2024

Intel

N Chandrasekaran to lead Tata Electronics's $14 billion semiconductor venture

N Chandrasekaran, the chairman of Tata Sons, is set to expand his responsibilities by taking on the role of chairman at Tata Electronics.

13 May 2024

SoftBank Group

SoftBank's shares surge amid Arm Holdings's AI chip plans

SoftBank Group's stock experienced a 1.89% increase, reaching 8,026 yen ahead of its earnings report.

13 May 2024

Cryptocurrency

Today's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Solana

Bitcoin has lost 0.13% in the last 24 hours, trading at $60,928.83. It is 4.83% down compared to last week.

13 May 2024

Jaguar Land Rover

Tata Motors shares crash nearly 9% despite stellar Q4 results

Tata Motors saw its shares plummet by nearly 9% to ₹853.30 in early trading.

13 May 2024

Amazon

Microsoft commits €4B to develop AI data centers in France

Microsoft and Amazon, two leading US tech companies, have committed to investing billions in France's technology infrastructure.

12 May 2024

Zomato

Zomato subsidiaries' auditor resigns, clearing path for Deloitte

Zomato, the popular food delivery platform, has announced that Batliboi & Associates, the auditor of its subsidiaries Zomato Hyperpure and Blink Commerce, has resigned effective immediately.

12 May 2024

Influencers

India's influencer marketing industry to hit ₹34 billion by 2026

India's influencer marketing industry is projected to surge from ₹19 billion in 2023 to a staggering ₹34 billion by 2026, as per a recent FICCI EY report.

12 May 2024

Foreign Investment

Foreign investors withdraw ₹17,000 crore from Indian equities: Here's why

Foreign investors have pulled out a substantial ₹17,000 crore from Indian equities in the first ten days of May.

12 May 2024

India

Gold ETFs witness first outflow of ₹396cr since March 2023

Gold exchange traded funds (ETFs) recorded a net outflow of ₹396 crore from India in April, marking the first withdrawal since March 2023.

12 May 2024

Adani Group

Adani Enterprises announces ₹80,000 crore investment plan for FY25

Adani Enterprises, the principal company of the Gautam Adani-led group, has unveiled plans to invest ₹80,000 crore across its varied businesses in the current fiscal year.

12 May 2024

HDFC Bank

Market cap of top Indian firms plummets by ₹1.73L crore

Last week, six of the top-10 most valued companies in India, experienced a drop in their combined market valuation, with a total loss amounting to ₹1,73,097.59 crore.

12 May 2024

Cryptocurrency

Today's cryptocurrency prices: Check Bitcoin, Dogecoin, Tether, Ethereum rates

Bitcoin has gone up by 0.51% in the past 24 hours to trade at $61,081.38. Compared to last week, it is 3.62% down.

11 May 2024

Eicher Motors

Eicher Motors records 18% surge in Q4 net profit

Eicher Motors, renowned for manufacturing commercial vehicles and Royal Enfield motorcycles, has announced an 18.2% year-on-year (YoY) increase in its consolidated net profit for the fourth quarter of FY24.

11 May 2024

Union Bank of India

Union Bank of India's net profit up 18% in Q4

Union Bank of India has reported an 18.36% increase in its consolidated net profit for the March quarter, amounting to ₹3,328 crore.

11 May 2024

Startups

Meesho secures $275 million in funding, eyes further capital infusion

Meesho, an Indian e-commerce start-up, has successfully secured funding of $275 million from its existing investors, as per regulatory filings with the Securities and Exchange Commission (SEC).

11 May 2024

Cryptocurrency

Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Tether

Bitcoin has dropped by 3.40% in the past 24 hours to trade at $60,777.49. Compared to last week, it is 3.71% down.

10 May 2024

Nintendo

Mario-maker Nintendo cuts ties with X over high API fees

Nintendo has declared it will discontinue direct integration from the Switch's image album to X.

10 May 2024

Jaguar Land Rover

Tata Motors's Q4 profit surges 222% to over ₹17,400 crore

Tata Motors, India's leading EV carmaker, has reported a staggering 222% growth in its consolidated net profit for the fourth quarter, amounting to ₹17,407.18 crore.