Business News
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02 Jul 2024
Adani GroupDid Kotak Mahindra Bank help short Adani? Hindenburg raises questions
Kotak Mahindra Bank, a private sector lender, has been accused by US-based Hindenburg Research of creating and managing an offshore fund used to short Adani stocks.
02 Jul 2024
Goldman SachsIndian-American CEO Rishi Shah jailed for $1 billion fraud
Rishi Shah, the ex-billionaire co-founder of Outcome Health, has been sentenced to seven and a half years in prison, following his conviction on over a dozen charges of fraud and money laundering.
02 Jul 2024
HDFC BankHDFC Bank downtime alert: Over 12-hours outage on July 13
HDFC Bank has announced a system upgrade scheduled for Saturday, July 13, as communicated to its customers via email.
02 Jul 2024
AppleiPhone production thrives in India: Apple surpasses PLI scheme targets
Apple has surpassed its targets for the Production-Linked Incentive (PLI) scheme in five out of six parameters, as per a Business Standard report.
02 Jul 2024
Securities and Exchange Commission (SEC)SEC charges Silvergate Bank with fraud over unmonitored cryptocurrency transactions
The Securities and Exchange Commission (SEC) has accused Silvergate Bank, a former cryptocurrency financial sector giant, of defrauding investors.
02 Jul 2024
BitcoinCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has lost 0.57% in the last 24 hours, trading at $62,940.93. It is 2.61% up compared to last week.
02 Jul 2024
Adani GroupSEBI issues show-cause notice to Hindenburg Research in Adani case
US-based short-seller, Hindenburg Research, has been served a show-cause notice by the Securities & Exchange Board of India (SEBI), the country's capital market regulator.
01 Jul 2024
Reliance JioHow Airtel and Jio's prepaid users can avoid higher tariffs
Reliance Jio and Bharti Airtel have announced a price hike for their prepaid and postpaid mobile plans, set to come into effect from July 3.
01 Jul 2024
FinanceNazara Technologies may acquire remaining 49% Kiddopia stake for ₹300cr
Nazara Technologies, a leading gaming company, is reportedly planning to acquire the remaining 49% stake in its subsidiary, Kiddopia, for ₹300 crore.
01 Jul 2024
Stock MarketSensex gains over 440 points, Nifty settles above 24,140 mark
On Monday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.
01 Jul 2024
Initial Public Offering (IPO)IREDA, up 500% from IPO price, seeks approval for FPO
The Indian Renewable Energy Development Agency (IREDA) is planning a Follow-on Public Offer (FPO) to raise equity capital, pending government approval.
01 Jul 2024
Indian EconomyIndia's manufacturing expands in June, PMI rises to 58.3
India's manufacturing sector experienced a surge in June, with the Manufacturing Purchasing Managers's Index (PMI) rising to 58.3 from May's three-month low of 57.5.
01 Jul 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has risen 4.10% over the last 24 hours to trade at $63,192.33. It is up 0.47% from last week.
01 Jul 2024
Initial Public Offering (IPO)Niva Bupa Health Insurance files papers for ₹3,000 crore IPO
Niva Bupa Health Insurance Company Ltd has submitted a draft red herring prospectus to the Securities Exchange Board of India for an initial public offering (IPO) aiming to raise ₹3,000 crore.
01 Jul 2024
BoeingBoeing acquires Spirit AeroSystems for $4B to address safety concerns
Boeing has confirmed its plans to acquire Spirit AeroSystems in an all-stock deal valued at over $4 billion, according to Reuters
30 Jun 2024
ZomatoZomato hit with ₹9.45 crore GST notice, plans to appeal
Zomato has been issued a Goods and Service Tax (GST) demand notice of ₹9.45 crore by the Assistant Commissioner of Commercial Taxes (Audit), Karnataka, according to the company's BSE exchange filing.
30 Jun 2024
Air India ExpressAir India Express accused of unfair labor practices by union
The Air India Express Employees Union (AIXEU) has accused the airline of unfair labor practices, including issuing charge sheets to its members.
30 Jun 2024
Initial Public Offering (IPO)Mamata Machinery files IPO documents with market regulator SEBI
Mamata Machinery Ltd has submitted its draft documents for an initial public offering (IPO) to the Securities and Exchange Board of India (SEBI).
30 Jun 2024
IndiaPunjab & Sind Bank announces ₹2,000 crore fundraising plan
Punjab & Sind Bank is set to raise ₹2,000 crore in the second half of this fiscal year (FY) through a Qualified Institutional Placement (QIP).
30 Jun 2024
Foreign InvestmentFPIs infuse ₹26,565 crore into Indian equities this June
Foreign portfolio investors (FPIs) have made a net infusion of ₹26,565 crore into Indian equities in June, as per the depository data, marking a shift from the previous two months of net outflow.
30 Jun 2024
Initial Public Offering (IPO)IPO boom: India prepares for 3 new subscriptions, 11 listings
India's thriving macroeconomic landscape and promising growth outlook, are paving the way for an active initial public offering (IPO) market next week.
30 Jun 2024
Berkshire HathawayWarren Buffett redirects posthumous donations away from Gates Foundation
Warren Buffett, the 93-year-old Chairman of Berkshire Hathaway, has announced changes to his will that shall affect the allocation of his wealth after his death.
30 Jun 2024
Bharti AirtelM-cap of top 9 firms soar, add ₹2.89 lakh crore
The market capitalization of nine out of the top ten most valued firms in the Indian stock market, has collectively added ₹2,89,699.42 crore to their valuation last week.
30 Jun 2024
KarnatakaKarnataka proposes bill to protect rights of platform-based gig workers
The Karnataka Platform-based Gig Workers (Social Security and Welfare) draft bill, 2024, has been published.
30 Jun 2024
ITC LimitedITC hikes salaries for top earners: Crorepati paychecks up 24%
ITC has reported a significant 24.11% rise in the number of employees earning over ₹1 crore annually in the financial year 2023-24, compared to the previous year.
30 Jun 2024
CryptocurrencyToday's cryptocurrency prices: Check Dogecoin, Tether, Bitcoin and Ethereum rates
Bitcoin has surged 0.01% in value in the past 24 hours, to now trade at $60,702.51. It is 5.67% down compared to last week.
30 Jun 2024
IndiaUS-based Matrix rebrands India, China units for market clarity
Matrix, a US-based venture capital firm, has announced plans to rebrand its affiliates in India and China.
29 Jun 2024
State Bank of India (SBI)FSIB proposes MD Challa Sreenivasulu Setty as next SBI Chairman
The Financial Services Institutions Bureau (FSIB), an autonomous body under the Indian government, has nominated Challa Sreenivasulu Setty for the position of Chairman of the State Bank of India (SBI).
29 Jun 2024
FlipkartFlipkart flips policy: Sellers back in driver's seat for pricing
After a 40-day suspension, e-commerce giant Flipkart has reinstated the option for sellers to change their product prices.
29 Jun 2024
ITC LimitedITC overtakes Britannia in India's packaged food market rankings
ITC Limited has surpassed Britannia Industries to become India's second-largest listed packaged foods firm by sales, trailing only behind Nestle, as reported by The Economic Times.
29 Jun 2024
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Tether, Ethereum, Dogecoin
Bitcoin has shed 1.46% of its value over the last 24 hours, and is now trading at $60,659.11. It is 5.60% lower than the previous week.
29 Jun 2024
Berkshire HathawayWarren Buffett continues philanthropy spree with record $5.3 billion donation
Warren Buffett, the 93-year-old billionaire investor, has made his largest annual donation since 2006 by giving away $5.3 billion of Berkshire Hathaway shares.
28 Jun 2024
Union BudgetBudget 2024: Centre mulls measures to support textile industry
The upcoming Union Budget is expected to introduce several initiatives aimed at strengthening textile exports and enhancing the competitiveness of Indian products, as per CNBC-Awaaz.
28 Jun 2024
US GovernmentFBI places $5 million bounty on 'Cryptoqueen' Ruja Ignatova
Ruja Ignatova, dubbed the "Cryptoqueen," is a fugitive wanted by the Federal Bureau of Investigation (FBI) for orchestrating a $4 billion Ponzi scheme.
28 Jun 2024
Stock MarketSensex tanks 210 points, Nifty retains 24,000 mark
On Friday, the stock market witnessed a downward trend, as the Sensex lost 0.27% to settle at 79,032.73 points. Meanwhile, the Nifty stood at 24,010.6 points.
28 Jun 2024
Bombay Stock Exchange (BSE)New F&O rules open doors for JFS, Zomato's Nifty entry
The Securities and Exchange Board of India (SEBI) has introduced significant changes to equity derivatives regulations, potentially enabling Jio Financial and Zomato to join the NSE Nifty 50 Index.
28 Jun 2024
OlaOla to enter grocery delivery business via ONDC platform
Indian ride-hailing behemoth, Ola, is gearing up to launch grocery delivery services through the Open Network for Digital Commerce (ONDC), a government-supported initiative.
28 Jun 2024
SensexReliance becomes first Indian company to cross ₹21 trillion m-cap
Reliance Industries Limited (RIL), a diversified conglomerate with interests in oil, telecom, and retail sectors, witnessed its share price reach an unprecedented high on Friday.
28 Jun 2024
JP MorganIndia enters JP Morgan Bond Index: What is its significant
India has officially become a part of the J.P. Morgan GBI-EM Global Series of indices, a move that could potentially lead to an inflow of $25-30 billion into the country.
28 Jun 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has gone up by 0.86% in the past 24 hours to trade at $61,595.06. Compared to last week, it is 4.63% down.
