Business News
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07 Jun 2024
Reserve Bank Of India (RBI)RBI launches automatic reload feature for UPI Lite wallet
The Reserve Bank of India (RBI) has introduced an automatic reload feature for the UPI Lite wallet under its e-mandate framework.
07 Jun 2024
Monetary Policy CommitteeRBI ups India's GDP growth forecast to 7.2% for FY25
The Reserve Bank of India (RBI) has revised its real gross domestic product (GDP) projection for the fiscal year 2024-25 to 7.2%, a slight increase from the earlier estimate of 7%.
07 Jun 2024
Consumer Price Index (CPI)RBI maintains 4.5% inflation forecast for FY25
The Reserve Bank of India (RBI) has kept its inflation forecast for the fiscal year 2024-2025 at 4.5%, as announced by the Monetary Policy Committee (MPC).
07 Jun 2024
Elon MuskMusk may leave Tesla if $56B pay package not approved
Tesla's board chair, Robyn Denholm, has urged shareholders to approve a substantial $56 billion pay package for CEO Elon Musk.
07 Jun 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has risen 0.10% over the last 24 hours to trade at $71,128.42. It is up 3.80% from last week.
07 Jun 2024
SamsungSamsung workers strike for the first time in company's history
In a historic first, employees at South Korean tech behemoth Samsung initiated a strike on Friday.
07 Jun 2024
Monetary Policy CommitteeRBI holds repo rate steady at 6.5% for eighth time
The Reserve Bank of India's Monetary Policy Committee (MPC) has maintained the repo rate at 6.5% for the eighth consecutive time.
07 Jun 2024
Ather EnergyHero MotoCorp acquires 2.2% stake in Ather Energy for ₹124cr
Hero MotoCorp, the world's leading two-wheeler manufacturer, has announced its intention to acquire an additional 2.2% stake in Ather Energy.
06 Jun 2024
Artificial Intelligence and Machine LearningEko Health, maker of AI-enhanced stethoscopes, raises $41 million
Eko Health, a San Francisco-based startup specializing in digital stethoscopes, has successfully raised $41 million in a series D financing round.
06 Jun 2024
GoogleGoogle ordered to face £13.6 billion lawsuit over ad dominance
Google has been directed by a UK court to face a £13.6bn lawsuit over its alleged excessive control of the online advertising market.
06 Jun 2024
Stock MarketSensex climbs over 690 points, Nifty settles above 22,820 mark
On Thursday, the benchmark Sensex and Nifty indices saw gains.
06 Jun 2024
AmazonAmazon acquires Indian streaming service MX Player
Amazon has finalized an agreement to acquire assets of the Indian video streaming service, MX Player, from Times Internet.
06 Jun 2024
FintechFintech startup Simpl cuts 50 jobs in second layoff round
Buy Now Pay Later (BNPL) startup Simpl has announced a second round of layoffs, affecting approximately 50 employees across various departments.
06 Jun 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has slipped 0.18% in the past 24 hours to trade at $71,061.50. It is 4.29% higher than the week before.
06 Jun 2024
Narendra ModiSensex and Nifty extend gains on anticipated stable NDA government
On Thursday, India's leading stock market indices, Sensex and Nifty, continued their upward trajectory following the recent election results.
06 Jun 2024
AppleNVIDIA crosses $3 trillion valuation to beat Apple
NVIDIA Corporation, the world's leading semiconductor company, has seen its shares rise by 5.2% to close at a record $1,224.40 on June 5.
05 Jun 2024
McDonald'sMcDonald's loses Big Mac trademark in EU court battle
In a significant legal decision, the European Union General Court ruled that McDonald's has lost its Big Mac trademark, to Irish fast food competitor Supermac's.
05 Jun 2024
GoogleGoogle's Chief Privacy Officer announces departure, position won't be filled
Keith Enright, Google's Chief Privacy Officer, has announced his departure after a 13-year tenure.
05 Jun 2024
BYJU'SBYJU'S term loan lenders initiate bankruptcy proceedings against US assets
Term-loan lenders of BYJU'S Alpha Inc and Glas Trust Company have initiated involuntary Chapter 11 bankruptcy proceedings against three US-based guarantors - Epic Creations Inc, Neuron Fuel Inc, and Tangible Play Inc.
05 Jun 2024
BeautyGood Glamm Group appoints veteran Lauren Bloomer for international expansion
The Good Glamm Group, a content-to-commerce unicorn, has announced the appointment of former Becca Cosmetics CEO Lauren Bloomer as President - International.
05 Jun 2024
Stock MarketSensex climbs to 74,382 points, Nifty settles above 22,620 mark
On Wednesday, the stock market closed with an upward movement, as the Sensex soared 3.2% to 74,382.24 points, while the Nifty gained 3.36% to 22,620.35 points.
05 Jun 2024
Ajay SinghSpiceJet shares surge 9% as airline plans to raise $250M
SpiceJet has announced plans to raise an additional $250 million by August. The details were shared by Chairman Ajay Singh today.
05 Jun 2024
Air IndiaAir India CEO announces major fleet overhaul, consolidation strategy
Air India is set to retrofit over 100 aircraft, including 40 wide-body planes, as part of a fleet revamp, according to CEO Campbell Wilson.
05 Jun 2024
Kotak Mahindra BankRBI approves Zurich Insurance's majority stake acquisition in Kotak General
The Reserve Bank of India (RBI) has approved Zurich Insurance Company's plan to acquire a 70% stake in Kotak Mahindra General Insurance Company.
05 Jun 2024
InflationIndia's service sector growth hits five-month low in May
India's service sector growth slowed to a five-month low in May, as indicated by the final HSBC India Services purchasing managers' index (PMI) compiled by S&P Global.
05 Jun 2024
Bharti AirtelIndia's ₹96,000 crore 5G spectrum auction postponed to June 25
India's much-awaited 5G spectrum auction, a key event in the telecom sector, has been postponed for the second time and is now slated for June 25.
05 Jun 2024
BitcoinCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, BNB
Bitcoin has climbed 2.73% in the past 24 hours, trading at $70,987.54. It is 3.43% higher than last week.
05 Jun 2024
NiftySensex, Nifty recover after 6% crash; FMCG stocks gain
On Wednesday, the Sensex and Nifty rebounded from a 6% crash experienced in the previous session.
04 Jun 2024
Airtel Digital TVTV subscription rates expected to rise by 5-8% in India
TV subscription rates for consumers in India are predicted to increase by 5-8% due to a rise in bouquet rates by major broadcasters.
04 Jun 2024
Narendra ModiSensex suffers record-breaking intraday fall: What lies ahead for investors
The Sensex experienced a historic intraday drop of over 6,100 points on Tuesday.
04 Jun 2024
Stock MarketSensex plunges to 72,079 points, Nifty falls below 21,890 mark
The stock market ended on a bearish note on Tuesday, with the Sensex crashing to 72,079.05 points, and the Nifty plummeting to 21,884.5 points.
04 Jun 2024
Lok SabhaIndian bond yield soars as Sensex crashes over 3,500 points
The benchmark 10-year bond yield in India witnessed a significant surge on Tuesday, reaching 7.0130% from its previous close of 6.9438%, marking the highest yield in nearly two weeks and the largest single-session climb since October 6.
04 Jun 2024
Adani GroupAdani Group stocks crash over 18% amid tight election race
Adani Group stocks took a significant hit on Tuesday as the Indian markets reacted to tighter election results than expected.
04 Jun 2024
BitcoinCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Polygon, BNB
Bitcoin has risen 0.92% over the last 24 hours to trade at $69,083.53. It is up 1.79% from last week.
04 Jun 2024
SensexSensex, Nifty tank 3% amid early poll trends, profit booking
Indian stock markets witnessed a substantial decline today. The Nifty 50 index saw a decrease of 3.03%, landing at 22,557 as of 9:30am today. Concurrently, the Sensex also fell by 3% to reach a level of 74,107.
04 Jun 2024
MicrosoftMicrosoft lays off 1,000 employees from HoloLens, Azure cloud teams
Microsoft has confirmed the layoffs of approximately 1,000 employees, as reported by CNBC.
03 Jun 2024
Adani GroupAdani Group and ICICI Bank launch co-branded credit cards
Adani Group, in collaboration with ICICI Bank, has announced its foray into the financial sector by launching co-branded credit cards.
03 Jun 2024
InfosysInfosys CEO Salil Parekh is second-highest paid in IT sector
Salil Parekh, the CEO of Infosys, has been recognized as the second-highest paid CEO in India's IT sector for FY24, with earnings of ₹66.25 crore.
03 Jun 2024
India PostNearly 98% of ₹2,000 currency notes back in system: RBI
A staggering 97.82% of ₹2,000 currency notes in circulation as of May 19, 2023, have been returned to the banking system, as per the Reserve Bank of India (RBI).
03 Jun 2024
SensexShares of major Indian defense companies soar to record highs
Shares of major Indian defense companies, including Hindustan Aeronautics (HAL), Bharat Dynamics (BDL), Bharat Electronics (BEL), and BEML, soared to record highs on Monday.
