Business News
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30 May 2024
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has lost 0.99% in the last 24 hours, trading at $68,128.43. It is 1.99% down compared to last week.
30 May 2024
Narendra ModiIndia set to import wheat after six-year break
India is preparing to restart wheat imports after a six-year break, with the aim of replenishing its dwindling reserves and stabilizing prices that have surged due to three consecutive years of poor harvests.
29 May 2024
Reserve Bank Of India (RBI)RBI enforces business restrictions on Edelweiss Group entities: Here's why
The Reserve Bank of India (RBI) has imposed strict business restrictions on two Edelweiss Group entitities, namely ECL Finance Limited (ECL) and Edelweiss Asset Reconstruction Company Limited (EARCL).
29 May 2024
Indian EconomyS&P upgrades India's economic outlook for first time since 2010
S&P Global Ratings has revised its outlook for the Indian economy from 'stable' to 'positive', while maintaining rating at 'BBB-', the lowest investment grade rating.
29 May 2024
OpenAIOpenAI board member sheds light on CEO Sam Altman's dismissal
Former OpenAI board member, Helen Toner, has publicly detailed the circumstances leading to the dismissal and subsequent rehiring of OpenAI's CEO, Sam Altman.
29 May 2024
Stock MarketSensex slips to 74,502 points, Nifty settles above 22,700 mark
On Wednesday, the benchmark Sensex and Nifty indices witnessed a fall.
29 May 2024
Securities and Exchange Board of IndiaZerodha MF expands offerings with launch of large-cap, mid-cap ETFs
Zerodha Mutual Fund has introduced two new exchange-traded fund (ETF) schemes in India, called the Zerodha Nifty 100 ETF (ZN100) and Zerodha Nifty Midcap 150 ETF (ZM150).
29 May 2024
Elon MuskMeta AI chief mocks Musk's xAI recruitment drive on X
Yann LeCun, the head of AI at Meta, has publicly ridiculed Elon Musk on X.
29 May 2024
Indian GovernmentIndia considers restrictions on online gaming to tackle addiction
The Indian government is contemplating the introduction of stringent regulations on online gaming, including time and expenditure limits.
29 May 2024
Adani GroupAdani Group increases ownership in Adani Enterprises and Adani Green
The Adani Group, under the leadership of Gautam Adani, has increased its stakes in Adani Enterprises and Adani Green Energy.
29 May 2024
Samsung ElectronicsSamsung union announces first-ever strike over demands for higher wages
Samsung Electronics's union in South Korea has announced plans for its first-ever walkout next week, demanding higher wages.
29 May 2024
IndiGoIndiGo announces female-friendly seat selection option on flights
IndiGo has introduced a new facility, allowing female passengers to check seats pre-booked by other female travelers, during web check-in.
29 May 2024
ZomatoZomato in discussions with NBFCs to provide loans to restaurants
Zomato, a leading food delivery platform, is reportedly reviving its lending ambitions after a brief hiatus.
29 May 2024
JioMartJioMart launching sub-30-minute delivery service to rival Blinkit and Zepto
Reliance Industries is reportedly preparing to enter the quick commerce market with its subsidiary, JioMart, planning to introduce an under-30-minute delivery service.
29 May 2024
Electric CarsCentre to announce ₹10,000cr FAME 3 EV scheme by August
The Indian government is preparing to launch the third phase of its electric vehicle (EV) incentive scheme, called FAME (Faster Adoption and Manufacturing of Electric Vehicles).
29 May 2024
Competition Commission of IndiaITC gets CCI nod for hotel business demerger
The Competition Commission of India (CCI) has given its approval for the demerger of ITC's hotel business into a separate entity.
29 May 2024
BitcoinCryptocurrency prices today: Check Rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has climbed 1.15% over the last 24 hours, trading at $68,661.54. It is 1.63% lower than previous week.
29 May 2024
AppleNVIDIA's market value surges closer to Apple amid AI boom
NVIDIA experienced a significant surge of 6% in its share price, hitting a record high of $1,128 on Tuesday.
29 May 2024
Adani GroupGautam Adani discusses Paytm stake purchase with Vijay Shekhar Sharma
Gautam Adani, chairman of the Adani Group, is in talks with Vijay Shekhar Sharma, founder and CEO of Paytm, to acquire a stake in One 97 Communications, the parent company of Paytm.
29 May 2024
International Monetary FundIMF raises China's 2024 GDP growth forecast to 5%
The International Monetary Fund (IMF) has revised its economic growth forecast for China in 2024 to 5%, as stated in a recent press release.
28 May 2024
Initial Public Offering (IPO)Hindalco-owned Novelis aims for $12.6 billion valuation with US IPO
Novelis Inc, a subsidiary of Hindalco Industries, is targeting a valuation of up to $12.6 billion, through its initial public offering (IPO) in the United States.
28 May 2024
StartupsMARS Unicorn Fund pumps $50 million into Indian start-up Infra.Market
The Mumbai-based start-up, Infra.Market, has received a fresh investment of $50 million from MARS Unicorn Fund.
28 May 2024
Stock MarketSensex closes at 75,170 points, Nifty settles below 22,890 mark
The stock market on Tuesday ended on a negative note.
28 May 2024
AccentureIndian IT sector hit by silent layoffs, over 20,000 affected
India's IT sector has been hit by a wave of 'silent' layoffs between 2023 and 2024.
28 May 2024
Indian GovernmentIndian government to enhance workers' skills for overseas job opportunities
The Indian government is planning a significant skill upgrade for its professional workforce.
28 May 2024
SonyGaurav Banerjee appointed as CEO of Sony Pictures Networks India
Sony Pictures Networks India (SPNI) has announced the appointment of Gaurav Banerjee as its new Chief Executive Officer.
28 May 2024
Gautam AdaniAdani Enterprises board approves ₹16,600 crore fundraising plan
Billionaire Gautam Adani-led Adani Enterprises has announced a significant fundraising plan, approved by its board of directors.
28 May 2024
Adani GroupAdani Group may soon offer UPI, credit card, e-commerce services
Adani Group, one of India's prominent conglomerate, is reportedly strategizing to penetrate the e-commerce and digital payments sectors.
28 May 2024
BitcoinCryptocurrency prices today: Check rates of Bitcoin, Ethereum, BNB, Polygon
Bitcoin has lost 0.92% in the last 24 hours, trading at $67,890.18. It is 4.51% down compared to last week.
28 May 2024
Abu DhabiAdani Enterprises board convenes to discuss fundraising plans
Adani Enterprises, led by billionaire Gautam Adani, has announced a board meeting today to discuss potential fundraising options.
28 May 2024
OlaBluSmart aims to raise $300 million to boost EV fleet
India's leading electric cab operator, BluSmart, has announced plans to raise over $300 million within the next three years.
28 May 2024
Life Insurance Corporation of IndiaLIC Q4 earnings exceed expectations, brokerages predict 30% stock rise
Life Insurance Corporation (LIC), India's largest insurer, has reported a better-than-expected performance for the January-March quarter of fiscal year 2024.
28 May 2024
Indian Rupee (INR)Rupee to gain momentum as India joins bond index: Citi
Citigroup Inc. has projected a strong performance for the Indian rupee in the Asian region this year.
27 May 2024
ChinaChina launches $47 billion semiconductor fund to counter US sanctions
China has launched a massive $47 billion fund, the largest in its history, to bolster its semiconductor industry and establish a local supply chain.
27 May 2024
4GVodafone Idea is offering 130GB additional data to its users
Vodafone Idea (Vi) has launched the 'Vi Guarantee Program,' a new initiative aimed at providing an additional 130GB data to new 4G and 5G smartphone users.
27 May 2024
Initial Public Offering (IPO)Awfis Space Solutions IPO exceeds expectations, oversubscribed 108 times
Awfis Space Solutions's Initial Public Offering (IPO) experienced a dramatic increase in investor interest today, the final day of bidding.
27 May 2024
Hyundai IndiaHyundai onboards top advisers for IPO of its India unit
South Korean automaker Hyundai has reportedly engaged the services of Kotak and Morgan Stanley as advisers for its forthcoming initial public offering (IPO) in India.
27 May 2024
Stock MarketSensex closes at 75,809 points, Nifty settles above 22,930 mark
The Indian stock market closed on a flat note on Monday, with the Sensex settling at 75,390.50 points, and the Nifty ending at 22,932.45 points.
27 May 2024
FinanceNazara Tech promoter offloads 6% stake to address liquidy needs
Nazara Tech, on Monday, announced that its promoter Mitter Infotech LLP has divested a significant portion of its holdings.
27 May 2024
Mukesh AmbaniMukesh Ambani's Reliance Industries ventures into Africa's telecom market
Asia's wealthiest individual, Mukesh Ambani, is set to expand his telecom venture into Africa, specifically targeting mobile broadband customers.
