Business News
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27 May 2024
Elon MuskxAI, Elon Musk's AI startup, raises $6 billion in funding
Elon Musk's artificial intelligence startup, xAI, has successfully secured $6 billion in a Series B funding round.
27 May 2024
SensexSensex, Nifty scale fresh all-time highs: What's driving the rally
Indian blue-chip indices, the Sensex and Nifty 50, achieved new record highs on Monday fueled by positive global market cues and continued investor optimism.
27 May 2024
ICRANHAI to earn ₹60,000cr in FY25 through road asset monetization
The National Highways Authority of India (NHAI) is set to significantly increase its revenue by monetizing road assets, with potential earnings reaching up to ₹60,000 crore in the fiscal year 2025.
27 May 2024
BengaluruIndian start-up Zypp Electric secures funding for Southeast Asia expansion
Indian electric vehicle (EV) start-up, Zypp Electric, has successfully secured a fresh investment of $15 million from Japanese energy and oil conglomerate ENEOS.
27 May 2024
BitcoinCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has dropped 0.31% in the past 24 hours to trade at $68,711.30. Compared to last week, it is 2.23% up.
27 May 2024
National Stock ExchangeDivi's Laboratories shares soar 5% post solid Q4 results
Divi's Laboratories experienced a 5% surge in its share price during Monday morning trade.
26 May 2024
SamsungSamsung outsources more smartphone production to Chinese manufacturers
Samsung is set to increase its smartphone production outsourcing to Chinese original device manufacturers (ODMs) and joint device manufacturers (JDMs).
26 May 2024
BharatPeBharatPe and PhonePe settle trademark dispute out of court
Digital payment companies BharatPe and PhonePe have successfully resolved their long-standing legal dispute over the use of the trademark suffix 'Pe.'
26 May 2024
FinanceVenturi Partners to launch India-centric fund for family offices
Asian private-equity firm, Venturi Partners, is planning to launch a $75-100 million fund in India later this year.
26 May 2024
Lok Sabha ElectionsFPIs offload Indian equities worth ₹22,000 crore in May
Foreign portfolio investors (FPIs) have sold off Indian equities amounting to a net value of ₹22,046 crore in May.
26 May 2024
BPCLSEBI imposes penalties on IOC, GAIL, ONGC for non-compliance
Several state-owned oil and gas companies, including Indian Oil (IOC), Oil and Natural Gas Corporation (ONGC), and GAIL (India) Ltd, have been penalized for the fourth consecutive quarter.
26 May 2024
Initial Public Offering (IPO)Awfis Space Solutions extends IPO closing date to May 27
Awfis Space Solutions has announced the extension of its initial public offering (IPO) closing date from May 24 to May 27.
26 May 2024
Elon MuskTesla shareholders advised to reject Elon Musk's $56B pay package
Proxy advisory firm Glass Lewis has advised Tesla shareholders to reject a proposed $56 billion pay package for CEO Elon Musk.
26 May 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has surged 0.36% in the past 24 hours to trade at $68,981.95. It is 2.83% up compared to last week.
25 May 2024
Central Board of Direct Taxes (CBDT)Income Tax Department sets FY25 Cost Inflation Index at 363
The Income Tax Department has released the Cost Inflation Index (CII) for the fiscal year (FY) beginning in April 2024.
25 May 2024
NVIDIANVIDIA stock split might spur trend in tech industry: BofA
NVIDIA's recent announcement of 10-for-1 stock split could potentially influence a trend among high-value tech companies, according to a note from Bank of America (BofA).
25 May 2024
Go FirstEaseMyTrip founder Nishant Pitti withdraws acquisition bid for Go First
Nishant Pitti, the CEO of online travel company EaseMyTrip, has announced the withdrawal of his firm's bid for the defunct airline Go First.
25 May 2024
Reliance IndustriesReliance Industries to transfer unclaimed shares to government fund
Reliance Industries Limited (RIL) has publicly announced its decision to transfer unclaimed shares to the Investor Education Protection Fund (IEPF), which is managed by the central government.
25 May 2024
India Meteorological Department (IMD)India's power demand nears all-time high as heatwave intensifies
India's peak power demand soared to a new seasonal high of 239.96GW on Friday, driven by rising temperatures across the country.
25 May 2024
GermanyGermany's solar energy surplus outpaces demand, drastically lowering energy prices
Germany's solar power production has exceeded consumer demand, leading to a significant decrease in energy prices, affecting producers' profitability and slowing down the expansion of solar energy.
25 May 2024
Competition Commission of IndiaReliance seeks CCI approval for Viacom18-Star India's $8.5B merger
Reliance Industries has sought approval from the Competition Commission of India (CCI) for an $8.5 billion merger between Viacom18 and Star India Pvt Ltd (SIPL).
25 May 2024
IndiaWealth tax on ultra-rich could reduce India's wealth gap: Study
A new study by the World Inequality Lab, co-authored by economist Thomas Piketty, proposes a wealth tax on India's ultra-rich to address wealth inequality.
25 May 2024
Stock MarketNikhil Kamath-backed Nazara Technologies's Q4 profit plummets 98% YoY
Nazara Technologies, a diversified gaming and sports media company, has reported a substantial decrease in its Q4 net profit.
25 May 2024
CryptocurrencyCryptocurrency prices: Here are rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has risen 1.66% over the last 24 hours to trade at $68,772.16. It is up 2.84% from last week.
25 May 2024
Aditya Birla GroupAditya Birla Group's market cap crosses $100 billion milestone
The combined market capitalization of the companies under the Aditya Birla Group has successfully exceeded the $100 billion mark.
25 May 2024
Joe BidenJoe Biden to reinstate tariffs on numerous Chinese imports
President Joe Biden is set to reimpose tariffs on hundreds of Chinese goods, as per an announcement from the office of the US Trade Representative.
24 May 2024
GoogleGoogle announces $350 million investment in e-commerce platform Flipkart
Google has announced a significant investment of around $350 million in Flipkart, India's leading e-commerce platform.
24 May 2024
xAIElon Musk's xAI nears completion of $24 billion valuation deal
X.AI Corp is on the brink of finalizing a funding round that could potentially value the company at over $24 billion, according to Bloomberg.
24 May 2024
HDFC BankHDFC Bank launches 'PIXEL' virtual credit cards: Know benefits
HDFC Bank has introduced 'PIXEL Play' and 'PIXEL Go,' marking the debut of India's first fully digital credit cards.
24 May 2024
Johnson & JohnsonCancer victims file lawsuit against Johnson & Johnson: Here's why
A group of cancer victims has initiated a class action lawsuit against healthcare behemoth, Johnson & Johnson (J&J).
24 May 2024
StartupsSlice founder Rajan Bajaj's salary was mere ₹12 in FY23
Rajan Bajaj, the founder of fintech unicorn Slice, drew an annual salary of just ₹12 in FY23, as per a report by PrivateCircle Research.
24 May 2024
SonyCEO of Sony Pictures Networks India decides to step down
NP Singh, the current Managing Director and CEO of Sony Pictures Networks India (SPNI), has announced his decision to step down.
24 May 2024
Stock MarketSensex closes at 75,410 points, Nifty settles near 22,960 mark
On Friday, major indices of the stock market, the Sensex and the Nifty, ended flat.
24 May 2024
GoogleGoogle and Foxconn to make Pixel smartphones in Tamil Nadu
Alphabet Inc, Google's parent company, has revealed plans to manufacture its flagship Pixel smartphones in Tamil Nadu.
24 May 2024
Adani GroupAdani Enterprises stock recovers from $30bn losses following Hindenburg report
Adani Enterprises Ltd, the principal company of Adani Group, has successfully recouped over $30 billion in losses.
24 May 2024
Reliance IndustriesJio Financial Services subsidiary announces $4.32 billion telecom equipment purchase
JioLeasing Services Ltd (JLSL), a Jio Financial Services subsidiary, has unveiled plans to acquire customer premises equipment, and telecom equipment worth $4.32 billion from Reliance Retail.
24 May 2024
Stock MarketNifty hits fresh record high, surpasses 23,000 mark
Nifty has achieved a new record high on Friday, May 24, 2024, surpassing the significant 23,000 mark during early morning trading.
24 May 2024
OpenAIOpenAI to alter paperwork, scrap controversial nondisparagement agreement with employees
OpenAI has ceased enforcing nondisparagement agreements previously signed by its former employees.
24 May 2024
SpaceXSpaceX eyes $200 billion valuation in potential share sale discussions
SpaceX is reportedly spearheading discussions on a possible share sale, that could catapult the company's valuation to an unprecedented $200 billion, as per Bloomberg.
24 May 2024
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Tether, Ethereum, Dogecoin
Bitcoin has dropped by 2.65% in the past 24 hours to now trade at $67,672.21. Compared to last week, it is up by 3.39%.
