Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
16 Jun 2024
IndiaEastern India leads cosmetics market, lip products dominate
East India has emerged as a significant force in the Indian cosmetics industry.
16 Jun 2024
PaytmZomato in talks to acquire Paytm's ticketing business: Report
Zomato, a leading food delivery service, is reportedly in advanced negotiations to acquire Paytm's movie ticketing and events business.
16 Jun 2024
Stock MarketForeign investors have pumped ₹11,730 crore into Indian equities
Foreign portfolio investors (FPIs) have shown renewed interest in the Indian market, injecting a substantial ₹11,730 crore into Indian equities.
16 Jun 2024
Life Insurance Corporation of IndiaM-cap of top 5 firms soars to over ₹85,580 crore
The combined market capitalization of five of India's top 10 most valued firms experienced a significant surge last week, reaching ₹85,582.21 crore.
16 Jun 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Tether, Ethereum, Dogecoin
Bitcoin has lost 0.19% of its value in the last 24 hours, and is now trading at $66,140.53. It is 4.49% down compared to last week.
15 Jun 2024
SensexSensex predicted to hit 82,000 mark in 12 months
International credit rating agency Moody's has released a report, forecasting that the BSE Sensex will reach 82,000 within the next year, marking a 14% increase.
15 Jun 2024
HyundaiHyundai India plans record $3 billion IPO, will surpass LIC
Hyundai Motor India, the Indian subsidiary of South Korea's Hyundai Motor Company, has submitted initial public offering (IPO) documents to the Securities and Exchange Board of India (SEBI).
15 Jun 2024
MahindraMahindra briefly surpasses Tata Motors as India's second-largest automaker
Mahindra & Mahindra (M&M), a leading player in the Indian automotive industry, has briefly overtaken Tata Motors to become the country's second-largest automaker by market capitalization.
15 Jun 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Dogecoin, Tether, Ethereum
Bitcoin has shed 0.69% of its value over the last 24 hours, trading at $66,269.44. It is 4.30% lower than the previous week.
14 Jun 2024
VivoTata Group eyes majority stake in Vivo India
The Tata Group is reportedly in advanced discussions to acquire a majority stake in Vivo's Indian division.
14 Jun 2024
WorkplaceWells Fargo fires several employees for faking work activity
Wells Fargo, the third-largest bank in the US, has reportedly terminated multiple employees for allegedly falsifying keyboard activity to appear productive.
14 Jun 2024
Reliance IndustriesReliance's Jio Platforms gets nod for satellite internet in India
Reliance Industries's Jio Platforms has been granted permission by the Indian space regulator to operate satellites for high-speed internet.
14 Jun 2024
Stock MarketSensex gains over 180 points, Nifty settles at 23,465 mark
On Friday, the benchmark Sensex and Nifty indices saw gains.
14 Jun 2024
Reserve Bank Of India (RBI)At 2.6%, India's wholesale inflation touches 15-month high in May
Wholesale inflation in India has reached a 15-month high of 2.61% in May, marking the third consecutive monthly increase.
14 Jun 2024
PaytmPaytm layoffs: Employees allege forced resignations, unfair treatment
Several current and former employees of Paytm have voiced concerns over alleged forced resignations, lack of severance pay, and demands for the return of retention and joining bonuses.
14 Jun 2024
Bombay Stock Exchange (BSE)BSE outperforms Hong Kong to become fourth-largest equity market globally
The combined market value of all companies listed on the Bombay Stock Exchange (BSE) has once again exceeded that of Hong Kong Stock Exchange making it the fourth-largest equity market globally.
14 Jun 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has lost 1.15% in the last 24 hours, trading at $66,690.27. It is 6.29% down compared to last week.
14 Jun 2024
GSTGST Council to review 28% tax on online gaming
The Goods and Services Tax (GST) Council is set to review the 28% tax imposed on online gaming in its 53rd meeting on June 22.
14 Jun 2024
Elon MuskTesla shareholders sue CEO Musk over competing AI company, xAI
Tesla shareholders have filed a lawsuit against CEO Elon Musk and the company's board of directors.
14 Jun 2024
AppleApple faces class action lawsuit for allegedly underpaying female employees
Apple is currently embroiled in a class action lawsuit, filed by two women who claim the tech giant has systematically underpaid its female employees.
14 Jun 2024
Elon MuskTesla shareholders re-approve Elon Musk's $56 billion pay package
Tesla shareholders have once again approved CEO Elon Musk's controversial $56 billion compensation package.
13 Jun 2024
AppleTCS, HDFC Bank, Airtel, Infosys among world's top 100 brands
Four major Indian companies have occupied positions on the list of the 100 most valuable brands globally this year, per Kantar BrandZ Most Valuable Global Brands 2024 report.
13 Jun 2024
Telecom Regulatory Authority of India (TRAI)Phone number shortage? TRAI mulls fee or rentals for users
The Telecom Regulatory Authority of India (TRAI) has proposed that telecom service providers may soon charge customers for phone numbers.
13 Jun 2024
Vodafone IdeaVodafone Idea to raise ₹2,458 crore through equity shares
Vodafone Idea's board of directors has approved a plan to raise up to ₹2,458 crore by issuing over 166 crore fully paid-up equity shares.
13 Jun 2024
Stock MarketSensex climbs over 200 points, Nifty settles near 23,400 mark
On Thursday, the benchmark Sensex and Nifty indices saw gains.
13 Jun 2024
Elon MuskTesla shareholders are approving $56B pay package, claims Elon Musk
Tesla shareholders are voting in favor of the $56 billion pay package for CEO Elon Musk, as well as relocating the company's legal headquarters to Texas, according to Musk.
13 Jun 2024
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has dropped 0.13% in the past 24 hours to trade at $67,437.51. Compared to last week, it is 5.15% down.
13 Jun 2024
AppleApple briefly overtakes Microsoft as world's most valuable company
Apple briefly regained its position as the world's most valuable company on Wednesday, surpassing Microsoft.
13 Jun 2024
BlinkitBlinkit-rival Zepto to raise $650 million at $3.5 billion valuation
Zepto, a leading instant grocery delivery startup, is set to raise approximately $650 million from both existing and new investors.
13 Jun 2024
ChatGPTOpenAI's annual revenue doubles to $3.4 billion
OpenAI, the name behind the popular ChatGPT AI chatbot, is set to double its annual revenue to $3.4 billion.
12 Jun 2024
IKEAIKEA's $5,000 loss per worker exit led to pay hike
IKEA, the Swedish furniture giant, has been grappling with a significant turnover of employees in the US, UK, and Ireland.
12 Jun 2024
Stock MarketTrading platform Groww now boasts over 1 crore active users
Groww, a prominent financial services firm, has solidified its position as a leader in the online discount broking market.
12 Jun 2024
Mutual FundsSBI Mutual Fund becomes first to cross ₹10-trillion in assets
SBI Mutual Fund, India's largest asset management company (AMC) in terms of assets under management, has achieved a significant milestone.
12 Jun 2024
Go FirstNCLT grants Go First final 60-day extension for insolvency resolution
The National Company Law Tribunal (NCLT) has granted a final 60-day extension to Go First, the financially troubled airline, to conclude its corporate insolvency resolution process (CIRP).
12 Jun 2024
Stock MarketSensex climbs to 76,606 points, Nifty settles above 23,320 mark
On Wednesday, the benchmark Sensex and Nifty indices saw gains.
12 Jun 2024
United KingdomUK's 'quiet quitters' cost economy £257 billion in lost output
The United Kingdom's economy suffered a significant blow last year, losing over £257 billion in potential output due to disengaged workers.
12 Jun 2024
BlinkitZomato invests ₹300 crore in Blinkit amid quick commerce battle
Zomato, a leading food delivery platform, has announced a fresh investment of ₹300 crore in its subsidiary, Blinkit.
12 Jun 2024
United States of AmericaTheranos founder Elizabeth Holmes appeals against fraud conviction in US
Elizabeth Holmes, the founder of the now-defunct Theranos, has appealed to a US federal court to overturn her fraud conviction.
12 Jun 2024
NASDAQUS economist predicts 2025 stock market crash worse than 2008
Renowned US economist Harry Dent has issued a stark warning about an impending stock market crash that could potentially surpass the 2008 financial meltdown.
12 Jun 2024
FinanceGameStop raises over $2 billion amid Roaring Kitty-led rally
GameStop, the video game retailer, has successfully concluded an "at-the-market" equity offering, raising approximately $2.14 billion in gross proceeds.
