Business News
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23 May 2024
United States of AmericaBuzzFeed shares soar after Vivek Ramaswamy acquires nearly 8% stake
BuzzFeed's stock experienced a significant surge following the acquisition of an activist stake by former Republican presidential candidate, Vivek Ramaswamy.
23 May 2024
StarbucksStarbucks India reports 12% revenue growth amid widening losses
Tata Starbucks Private Limited, a joint venture between Tata Consumer Products Limited (TCPL) and American coffee giant Starbucks, has reported a 12% increase in its operational revenue for the fiscal year (FY) 2024.
23 May 2024
Stock MarketSensex gains 1,200 points, Nifty settles near 22,970 mark
On Thursday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.
23 May 2024
SmartphonesSmartphones emerge as India's 4th largest exported items in FY24
Smartphones have climbed the ranks to become India's fourth-largest export item, witnessing a substantial 42% growth and hitting $15.6 billion in FY24, as reported by Business Standard.
23 May 2024
Tech MahindraTech Mahindra partners with Fuji TV to produce content globally
Tech Mahindra has announced a strategic partnership with Japanese broadcaster Fuji TV.
23 May 2024
NVIDIANVIDIA outshines Amazon and Tesla with $2.5 trillion market cap
NVIDIA, a leading hardware manufacturer for 3D gaming, and AI-powered graphic processing units (GPUs), has experienced a significant increase in its market capitalization, reaching $2.5 trillion.
23 May 2024
OpenAIOpenAI inks $250mn deal with News Corp for AI training
OpenAI, the creator of ChatGPT, has signed a multi-year contract with News Corp, which owns The Wall Street Journal, The Times, The New York Post, and The Sunday Times.
23 May 2024
Gautam AdaniAdani Enterprises set to replace Wipro in BSE Sensex
Adani Enterprises is poised to replace Wipro in the BSE Sensex, as per a note from IIFL Alternative Research.
23 May 2024
Stock MarketNifty hits record high, Sensex rises over 600 points
In Thursday's trading session, the Nifty50 index soared to a record high of 22,806.20 points, after a nearly 1% increase.
23 May 2024
IndiaRobust expansion in India's business activity this May: Here's why
India's business activity saw a significant surge in May, primarily driven by the services industry, as per a recent survey.
23 May 2024
Reliance IndustriesReliance Industries planning to jump into consumer durables market
Reliance Industries Limited (RIL) is preparing to venture into the consumer durables sector.
23 May 2024
NVIDIAAI giant NVIDIA surpasses estimates with 600% profit surge
US tech giant NVIDIA has reported a significant surge in its quarterly results, that have exceeded all estimates.
23 May 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Dogecoin, Tether, Ethereum
Bitcoin has climbed by 0.20% over the last 24 hours, and is now trading at $69,441.44. It is 5.44% higher than the previous week.
22 May 2024
Adani GroupAdani Group refutes allegations of 'low-grade' coal supply, shares unaffected
Adani Group has categorically denied allegations of supplying low-grade coal as high-quality coal, to a state government-owned power generation company.
22 May 2024
Reserve Bank Of India (RBI)RBI approves ₹2.11 lakh crore dividend to government for FY24
The Reserve Bank of India's (RBI) Central Board of Directors has approved a record surplus transfer of ₹2,10,874 crore to the government for the financial year 2023-24.
22 May 2024
BYJU'SNCLT serves 3 notices to BYJU'S over unpaid dues
The National Company Law Tribunal (NCLT) has issued three notices to Think and Learn Pvt Ltd, the parent company of edtech giant BYJU'S, over unsettled debts owed to operational creditors.
22 May 2024
Stock MarketSensex climbs to 74,221 points, Nifty settles near 22,600 mark
On Wednesday, the benchmark Sensex and Nifty indices saw gains.
22 May 2024
Initial Public Offering (IPO)OYO retreats from IPO plans for the second time
Indian budget hotel chain, OYO, has withdrawn its initial public offering (IPO) application, from the Securities and Exchange Board of India (SEBI) for the second time.
22 May 2024
PaytmPaytm considers job cuts as losses mount after RBI clampdown
Paytm, a prominent fintech firm in India, is planning to streamline its operations and concentrate on core businesses, as revealed by CEO Vijay Shekhar Sharma in a recent shareholder letter.
22 May 2024
SpiceJetSpiceJet shares rise amidst ₹450cr refund claim from Kalanithi Maran
Shares of budget airline SpiceJet experienced a 3% increase today, following the company's announcement to seek a refund of ₹450 crore from former promoter Kalanithi Maran and his firm, KAL Airways.
22 May 2024
Byju RaveendranUS court penalizes BYJU'S co-founder Riju Ravindran for concealing funds
Riju Ravindran, co-founder of the edtech behemoth BYJU'S, has been penalized by a US Bankruptcy Court for contempt.
22 May 2024
StartupsHumane eyes potential sale after AI Pin's lackluster debut
Humane, the start-up behind the AI Pin wearable computer, is reportedly on the hunt for a buyer.
22 May 2024
BitcoinToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Polygon, XRP
Bitcoin has lost 1.55% in the last 24 hours, trading at $69,855.96. It is 12.83% up compared to last week.
22 May 2024
GoogleDixon Technologies to manufacture Google Pixel 8 smartphone in India
Alphabet Inc, Google's parent company, has reportedly selected Dixon Technologies, a local contract manufacturer in India, to produce its high-end Pixel 8 smartphones.
21 May 2024
Aditya Birla GroupVodafone Idea to raise ₹2,075 crore from Aditya Birla Group
Vodafone Idea has unveiled plans to secure a funding of up to ₹2,075 crore from Oriana Investments, a subsidiary of the Aditya Birla Group.
21 May 2024
Securities and Exchange Board of IndiaNew SEBI regulations simplify IPO process for companies
The Securities and Exchange Board of India (SEBI) has revised its regulations to streamline the process for companies planning initial public offerings (IPOs).
21 May 2024
IndiaIndia's Russian oil imports hit nine-month high in April
India's importation of Russian oil reached a nine-month peak in April, as per Reuters, based on tanker data from shipping and trade sources.
21 May 2024
Akasa AirIndia's domestic air passenger traffic grows 2.4% YoY in April
The Directorate General of Civil Aviation (DGCA) has released data showing a 2.4% year-on-year increase in domestic passenger traffic for April.
21 May 2024
Stock MarketSensex closes at 73,953 points, Nifty settles below 22,530 mark
The stock market on Tuesday ended on a mixed note.
21 May 2024
Stock Market1,170% gains in 5 years: Polycab hits ₹1 trillion m-cap
Polycab India, a prominent manufacturer of wires and cables, has witnessed an impressive surge of 1172% in its stock price over the past five years.
21 May 2024
Bombay Stock Exchange (BSE)BSE-listed companies' market cap hits $5 trillion for first time
The Bombay Stock Exchange (BSE) has witnessed a historic milestone as the market capitalization of its listed companies surpassed $5 trillion for the first time today.
21 May 2024
Oil and Natural Gas CorporationONGC's Q4 net profit soars 78% to ₹11,526 crore
Oil and Natural Gas Corporation (ONGC), the state-owned oil and gas exploration giant, has reported a significant 78% increase in its consolidated net profit for the fourth quarter of FY24.
21 May 2024
BitcoinCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has risen 5.57% over the last 24 hours to trade at $70,914.89. It is up 13.43% from last week.
21 May 2024
IndiaIndia's oil and gas import bill swells to $12.3 billion
India's oil and gas import bill soared to $12.3 billion in April, a significant increase from the previous year's $10.1 billion, according to data from the country's oil ministry.
20 May 2024
LiquorMagic Moments ascends to become world's 7th largest vodka brand
Radico Khaitan's vodka brand, Magic Moments, has clocked record sales of over six million cases in FY24, equating to sales worth ₹1,000 crore.
20 May 2024
HDFC BankPrivate banks surpass PSBs in FY24 net profit growth
Private banks in India have outperformed public sector banks (PSBs) by reporting a higher net profit growth in fiscal year (FY) 2024, as per a Moneycontrol analysis.
20 May 2024
IndiaGold price hits record high amid global economic uncertainty
Gold prices have soared to an unprecedented high, reaching $2,450.49/ounce in a recent trading session, marking an 18.65% increase this year alone.
20 May 2024
StartupsPine Labs gains approval to merge Singapore and Indian units
Merchant commerce start-up, Pine Labs, has bagged approval from a Singapore court to merge its local entity with its Indian unit.
20 May 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, BNB, Solana
Bitcoin has dropped 0.04% in the past 24 hours to trade at $67,045.69. Compared to last week, it is 10.11% up.
20 May 2024
Reserve Bank Of India (RBI)RBI may transfer ₹1 lakh crore dividend to Centre
The Reserve Bank of India (RBI) is predicted to transfer a substantial dividend, potentially around ₹1 lakh crore, to the Indian government.
