Business News
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24 Jun 2024
Ministry of FinanceFinance Ministry considers raising standard deduction limit in income tax
The Finance Ministry, led by Nirmala Sitharaman, is contemplating an increase in the standard deduction limit for taxpayers under the new regime.
24 Jun 2024
Gautam Adani'Two-sided attack': Gautam Adani addresses Hindenburg controversy at AGM 2024
Gautam Adani, Chairman of the Adani Group, addressed the controversial Hindenburg incident at the conglomerate's 32nd annual general meeting.
24 Jun 2024
Stock MarketMazagon Dock shares soar amid talks of ₹35,000cr submarine deal
Stocks of Mazagon Dock Shipbuilders Limited, India's largest shipbuilder, surged by 4% following advanced discussions about the acquisition of extra Kalvari-class (Scorpene) submarines for the Indian Navy.
24 Jun 2024
JP MorganJPMorgan India CEO Prabdev Singh resigns before term completion
Prabdev Singh, the Chief Executive Officer of JPMorgan Chase & Co.'s bank in India, has resigned before his term ended.
24 Jun 2024
CryptocurrencyCryptocurrency prices: Here are rates of Bitcoin, Tether, Ethereum, Dogecoin
Bitcoin has shed 2.39% of its value over the last 24 hours, and is now trading at $62,815.67. It is 5.37% lower than the previous week.
24 Jun 2024
Securities and Exchange Board of IndiaQuant Mutual Fund responds to SEBI's probe, assures full cooperation
Quant Mutual Fund, established by Sandeep Tandon, has clarified to its investors following allegations of front-running by the Securities and Exchange Board of India (SEBI).
24 Jun 2024
Mutual FundsGroww faces accusations of investment fraud, takes remedial steps
A customer has accused financial services platform, Groww, of fraudulent practices, alleging that her investment was incorrectly processed.
23 Jun 2024
State Bank of India (SBI)SBI to open 400 branches in FY25 across India
State Bank of India (SBI), the nation's largest lender, plans to open 400 new branches across the country in the current fiscal year.
23 Jun 2024
Bharat BiotechBharat Biotech includes ICMR as co-owner of COVAXIN patent
Bharat Biotech International (BBIL), a Hyderabad-based biotech company, has added the Indian Council of Medical Research (ICMR) as a co-owner to the patent for their COVID-19 vaccine, COVAXIN.
23 Jun 2024
Adani GroupAdani Group pledges $3 billion investment in clean energy
The Adani Group is set to invest between ₹25,000-27,500 crore (approximately $3 billion) in its first pumped-storage hydropower (PSH) facility.
23 Jun 2024
HDFC BankM-cap of HDFC, ICICI, and Infosys soars by ₹1.06L crore
In the previous week, the combined market capitalization of three leading firms in India saw a significant increase of ₹1,06,125.98 crore.
23 Jun 2024
FerrariFerrari unveils new factory for its first electric supercar production
Ferrari has unveiled its new factory in Maranello, Italy, designed to manufacture the company's first all-electric supercar.
Over 450 infrastructure projects in India face massive cost overrun
In May, 458 infrastructure projects across India experienced a cummulative cost overrun of ₹5.71 lakh crore, as reported by the Ministry of Statistics and Programme Implementation (MoSPI).
23 Jun 2024
Electric VehiclesEU and China begin discussions on proposed EV tariffs
China and the European Union (EU) have initiated talks concerning the proposed tariffs on Chinese-made electric vehicles (EVs) entering the European market.
23 Jun 2024
Gautam AdaniGautam Adani's FY24 salary lower than his own top executives
Gautam Adani, a leading Indian industrialist, earned a total salary of ₹9.26 crore in the fiscal year ending March 31, 2024.
23 Jun 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has risen 0.17% over the last 24 hours to trade at $64,364.60. It is down 2.71% from last week.
23 Jun 2024
GSTSitharaman announces Aadhaar-based biometric authentication to combat fake GST invoicing
Union Finance Minister Nirmala Sitharaman announced a pan-India rollout of a biometric authentication system at the 53rd GST Council meeting on Saturday.
23 Jun 2024
Stock MarketFPIs end two-month selling streak, invest ₹12,170cr in Indian equities
Foreign portfolio investors (FPIs) have ended their two-month selling streak in Indian equities by investing ₹12,170 crore this month.
23 Jun 2024
BYJU'SBYJU'S challenges NCLT order barring second rights issue
Ed tech giant BYJU'S has filed a writ petition in the Karnataka High Court, contesting an order from the National Company Law Tribunal (NCLT) that hinders its second rights issue.
22 Jun 2024
GSTGST Council Meeting: What got cheaper and costlier
The Goods and Services Tax (GST) Council, in its 53rd meeting held in New Delhi, has decided to implement nationwide biometric authentication to tackle fake invoicing.
22 Jun 2024
GSTIndia's GST cess to deliver ₹70,000 crore bonanza to Centre
The Indian government is projecting a substantial surplus of approximately ₹70,000 crore from Goods and Services Tax (GST) compensation cess collections.
22 Jun 2024
Mukesh AmbaniRIL shareholders approve $4B deal between Reliance Retail, Jio Financial
Shareholders of Reliance Industries have approved a deal between its subsidiaries, Reliance Retail and Jio Financial Services (JFS), valued at $4.3 billion.
22 Jun 2024
Initial Public Offering (IPO)Pine Labs explores $1 billion IPO in India
Pine Labs, a leading Asian digital payments provider backed by Peak XV Partners and Mastercard, is reportedly contemplating a $1 billion initial public offering (IPO) in India.
22 Jun 2024
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has lost 0.53% in the last 24 hours, trading at $64,271.42. It is 2.97% down compared to last week.
21 Jun 2024
DellNearly half of Dell's workforce rejects return-to-office policy
Dell, the PC manufacturing behemoth, is encountering significant resistance from its employees over its recent return-to-office initiative.
21 Jun 2024
National Stock ExchangeVodafone Idea shares soar 4% after completing 5G rollout obligation
Vodafone Idea, a leading telecom service provider, has witnessed 4% surge in its share price today.
21 Jun 2024
Tata Consultancy Services (TCS)TCS, Xerox join forces for IT transformation using cloud, GenAI
Tata Consultancy Services (TCS) has announced a strategic partnership with Xerox to revolutionize the latter's IT infrastructure, using cloud and Generative Artificial Intelligence (GenAI).
21 Jun 2024
Stock MarketSensex slips 270 points, Nifty settles near 23,500 mark
On Friday, the benchmark Sensex and Nifty indices witnessed a fall.
21 Jun 2024
ZeptoZepto raises $665M in latest funding round at $3.6B valuation
Zepto has successfully secured $665 million in a funding round, marking the largest fundraising event in India's quick commerce sector this year.
21 Jun 2024
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has lost 1.02% in the last 24 hours, trading at $64,608.30. It is 3.14% down compared to last week.
21 Jun 2024
AppleNVIDIA loses top spot to Microsoft as shares fall 3%
NVIDIA experienced a significant 3.4% drop in shares on Thursday, resulting in a loss of approximately $91 billion from its market value.
21 Jun 2024
AccentureNifty hits record high as IT stocks surge
The Nifty reached a new record high on Friday morning, driven by significant gains in IT stocks.
20 Jun 2024
SwitzerlandIndian funds in Swiss banks plummet ₹9,771 crore in 2023
Funds held by Indian individuals and companies in Swiss banks have significantly decreased by 70% in 2023.
20 Jun 2024
Employees' Provident Fund Organisation (EPFO)EPFO records highest-ever monthly addition of 18.92L members in April
The Employees Provident Fund Organisation (EPFO) has reported a record-breaking addition of 18.92 lakh members in April 2024.
20 Jun 2024
Stock MarketSensex gains over 140 points, Nifty settles near 23,570 mark
On Thursday, the benchmark Sensex and Nifty indices saw gains.
20 Jun 2024
Travel And TourismIndians spent $30 billion on overseas travel in 2 years
Wealthy Indians have spent a staggering $30 billion on overseas travel in the past two years, according to data from the Liberalised Remittance Scheme (LRS) analyzed by Moneycontrol.
20 Jun 2024
National Highways Authority Of India (NHAI)GST Council may discuss tax relief for road, highway developers
The Goods and Services Tax (GST) Council is preparing to deliberate on potential tax relief measures for road and highway developers, as per CNBC-TV18.
20 Jun 2024
Mutual FundsIndia's first EV and new-age automotive ETF debuts next week
Mirae Asset Mutual Fund has declared the launch of India's first Exchange Traded Fund (ETF) dedicated to electric vehicles (EV) and the new-age automotive sector.
20 Jun 2024
IndiaIndian banks face ATM shortage, seek RBI and government intervention
Indian banks are facing a significant shortage of automated teller machines (ATMs), prompting appeals to the Centre and the Reserve Bank of India (RBI), according to The Economic Times.
20 Jun 2024
Enforcement Directorate (ED)ED raids Amtek Group over ₹20,000 crore bank fraud case
The Enforcement Directorate (ED) today conducted raids at 35 locations across Delhi-NCR, Mumbai, and Nagpur.
