Business News

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20 Jun 2024

India

General Catalyst merges with Venture Highway to expand in India

Silicon Valley-based venture capital group, General Catalyst, is merging with Indian venture firm, Venture Highway.

SEBI directs Religare to seek approvals for Burman family's offer

The Securities and Exchange Board of India (SEBI) has given instructions to Religare Enterprises Ltd (REL) and its Chairperson, Rashmi Saluja.

20 Jun 2024

Cryptocurrency

Today's cryptocurrency prices: Check rates of Ethereum, Bitcoin, Dogecoin, Tether

Bitcoin has lost 0.25% of its value in the last 24 hours, and is now trading at $65,263.49. It is down by 3.08% from last week.

OpenAI's ex-chief scientist Ilya Sutskever launches new AI start-up

Ilya Sutskever, the former chief scientist and co-founder of OpenAI, has launched a new artificial intelligence (AI) company. It is known as Safe Superintelligence Inc. (SSI).

19 Jun 2024

Amazon

Over 1,100 students boycott Google, Amazon amid Project Nimbus controversy

The No Tech for Apartheid (NOTA) coalition, a group of tech workers advocating for the termination of contracts between big tech firms and the Israeli government, is close to reaching its campaign goal.

19 Jun 2024

India

India anticipates decade-high $2 billion bond inflows this month

India is preparing for a significant surge in foreign inflows into its bonds, expected to reach a decade-high of $2 billion around June 28.

19 Jun 2024

Donald Trump

Truth Social's stock continues to plummet following Trump's felony convictions

Donald Trump's social media company, Truth Social, has experienced a significant drop in stock value over the past two days.

19 Jun 2024

India

Proxy firm advises against Gautam Singhania's reappointment at Raymond

Institutional Investor Advisory Services (IiAS), a prominent proxy advisory firm, has publicly opposed the reappointment of Gautam Singhania, as Chairman and Managing Director of Raymond.

19 Jun 2024

Stock Market

Sensex closes at 77,337 points, Nifty settles above 23,500 mark

On Wednesday, the stock market closed on a flat note. The Sensex settled at 77,337.59 points, and Nifty ended at 23,521.6 points.

19 Jun 2024

Startups

Delta Corp shares soar on reports of potential GST waiver

Shares of online gaming company Delta Corp, hit a five-month high on Wednesday, following reports that the GST Council may consider an amendment to the CGST Act.

19 Jun 2024

Air India

Air India's domestic flights getting premium economy class this July

Air India has announced the introduction of a premium economy class on certain domestic routes, starting in July.

19 Jun 2024

Vodafone Idea

Vodafone offloads 19% stake in Indus Towers for ₹17,000 crore

Vodafone Group PLC, the UK-based telecom giant, has sold a 19% stake in India's largest mobile tower installation company, Indus Towers, through block deals.

19 Jun 2024

GST

GST Council may propose amendment to nullify retrospective tax demands

The Goods and Services Tax (GST) Council is contemplating an amendment to the Central Goods and Services Tax (CGST) Act, 2017.

19 Jun 2024

WeWork

WeWork gets CCI approval to exit Indian co-working market

The Competition Commission of India (CCI) has given its approval to WeWork, a US-based co-working space firm, to sell its entire 27.5% ownership in its Indian division.

19 Jun 2024

Cryptocurrency

Cryptocurrency prices: Here are rates of Bitcoin, Tether, Ethereum, Dogecoin

Bitcoin has dropped 0.38% of its value in the past 24 hours to trade at $65,461.96. Compared to last week, it is 3.03% down.

19 Jun 2024

NVIDIA

NVIDIA dethrones Microsoft to become world's most valuable company

NVIDIA, the globally recognized GPU manufacturer, has outpaced tech giant Microsoft to clinch the title of the world's most valuable company.

18 Jun 2024

Indian Government

India's FY25 advance tax collection surges 27% to ₹1.48L crore

The Indian government has reported a significant rise of 27.6% in advance tax collection for the current financial year up to June 15, reaching ₹1.48 lakh crore.

18 Jun 2024

Stock Market

Sensex climbs to 77,301 points, Nifty settles near 23,560 mark

On Tuesday, the benchmark Sensex and Nifty indices showed an upward trend.

18 Jun 2024

Swiggy

Swiggy Instamart joins hands with Hamleys for 10-minute toy deliveries

Swiggy Instamart, the well-known quick commerce delivery platform, has announced a strategic partnership with Hamleys, the globally recognized toy retailer.

18 Jun 2024

Boeing

Boeing CEO to testify before US Senate on aircraft safety

Boeing's CEO, David Calhoun, will testify before the US Senate's investigations subcommittee today.

18 Jun 2024

Fisker

Tesla rival Fisker files for bankruptcy after failed investment talks

US electric vehicle manufacturer, Fisker, has declared bankruptcy after unsuccessful negotiations with a major automaker.

18 Jun 2024

Fitch Ratings

Fitch raises India's FY25 economic growth forecast to 7.2%

Fitch Ratings has revised its economic growth forecast for India in FY25 to 7.2%, up from the previous projection of 7% made in March.

18 Jun 2024

Bitcoin

Today's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Polygon

Bitcoin has lost 1.03% in the last 24 hours, trading at $65,731.70. It is down 3% from last week.

Ixigo shares make stellar market debut, open at 48.5% premium

Le Travenues Technology, the parent company of 'Ixigo,' has made a strong debut on the NSE and BSE today.

18 Jun 2024

Nifty

Nifty, Sensex hit record highs; PSU banks, metal stocks lead

India's benchmark indices, Nifty and Sensex, hit record highs in early trade today.

18 Jun 2024

Elon Musk

Tesla initiates legal fight to reinstate Musk's $56B pay package

Tesla has initiated a legal battle to reinstate CEO Elon Musk's record $56 billlion compensation, following a shareholder vote in favor of the pay package.

18 Jun 2024

Apple Pay

Apple discontinues 'Pay Later' service just months after launch

Apple has announced the discontinuation of its 'buy now, pay later' service, 'Apple Pay Later,' just months after its launch in the US.

17 Jun 2024

SoftBank Group

SoftBank forges strategic alliance with AI search engine Perplexity

SoftBank, the multinational conglomerate, has announced a strategic alliance with Perplexity, an AI search engine aiming to compete with Google.

17 Jun 2024

Space News

IN-SPACe announces pre-incubation program for space startups

The Indian National Space Promotion and Authorization Centre (IN-SPACe) has launched a pre-incubation entrepreneurship development program.

17 Jun 2024

Vodafone Idea

Vi may offer more shares to vendors to clear dues

Vodafone Idea (Vi) is considering offering more shares to its vendors, including Nokia and Ericsson, to settle its outstanding operational dues, according to industry analysts.

17 Jun 2024

Bengaluru

Mumbai remains most expensive Indian city to live in: Survey

Mumbai has retained its title as the most expensive city in India for expatriates, according to the 2024 Cost of Living survey by Mercer.

17 Jun 2024

Indian Government

India's Budget 2024: Centre considers lowering personal tax rate

The Indian government is considering a reduction in personal tax rates for certain income groups, aiming to stimulate consumption in Asia's third-largest economy, according to two government sources who spoke to Reuters.

17 Jun 2024

Beijing

China's new home prices fall at fastest pace in 10-years

China's property market experienced a significant downturn in May, with home prices seeing the largest drop since October 2014.

17 Jun 2024

E-commerce

Zepto's dark store expansion to support non-grocery delivery

Quick-commerce company Zepto is planning to expand its dark store network to accommodate a larger assortment of products, according to a Mint report.

17 Jun 2024

Hyundai

Hyundai, Ola Electric, Swiggy, Haldiram's, others eye IPOs worth ₹50,000cr

The Indian equity market is gearing up for a significant increase in Initial Public Offerings (IPOs) over the next three to four months.

17 Jun 2024

Bitcoin

Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana

Bitcoin has climbed 0.38% in the past 24 hours, trading at $66,412.58. It is 4.53% lower than last week.

17 Jun 2024

Reliance Industries

OYO eyes ₹1,000 crore fundraise in significant down round

OYO, a leading Indian hospitality startup, is currently in advanced discussions to raise approximately ₹1,000 crore ($120 million).

17 Jun 2024

Adani Group

Adani Ports gets nod for ₹45,000 crore Mundra port expansion

Adani Ports and Special Economic Zone (APSEZ) has received crucial environmental and coastal regulation zone approvals for a significant expansion of Mundra port located in the state of Gujarat.

16 Jun 2024

Gujarat

Essar Group to invest ₹30,000cr in Gujarat green hydrogen plant

The Essar Group has revealed its intention to invest ₹30,000 crore over the next four years, in establishing a green hydrogen facility in Jamnagar, Gujarat.

Ixigo IPO set for strong market debut on June 18

Le Travenues Technology Ltd, popularly known as Ixigo, is gearing up for its initial public offering (IPO) on June 18.