Business News
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06 Jul 2024
Ministry of Corporate AffairsDelhivery gets MCA approval for launching drone services in India
Indian logistics company, Delhivery, has secured approval from the Ministry of Corporate Affairs (MCA) to establish its drone subsidiary.
06 Jul 2024
OlympicsPeter Thiel's doping-friendly Olympics seeks $300 million from investors
Enhanced Games, an Olympics-style event promoting the use of performance-enhancing drugs, is aiming to raise approximately $300 million.
06 Jul 2024
Initial Public Offering (IPO)IPO market booms: Q2 2024 raises record $4.2 billion
The second quarter of 2024 witnessed a significant surge in the size of initial public offerings (IPOs).
06 Jul 2024
CryptocurrencyCryptocurrency prices: Here are rates of Bitcoin, Tether, Ethereum, Dogecoin
Bitcoin has climbed by 3.44% in the past 24 hours, and is now trading at $56,128.19. It is 7.52% lower than last week.
06 Jul 2024
AppleApple caves in Europe: Epic's games store gets greenlight
Apple has given the green light to Epic Games's marketplace app for iPhones and iPads in Europe.
05 Jul 2024
SwiggySwiggy's latest 'Eatlists' feature lets users curate and share recipes
Swiggy, the on-demand convenience platform, has introduced a novel feature named 'Eatlists.'
05 Jul 2024
Securities and Exchange Board of IndiaSEBI conducts surprise inspections, examines phones of mutual fund executives
The Securities and Exchange Board of India (SEBI) has increased its regulatory vigilance, conducting surprise inspections on digital devices such as mobile phones, iPads, and laptops, of top executives of Asset Management Companies (AMCs).
05 Jul 2024
Samsung ElectronicsSamsung expects Q2 profit to surge by 1,400%
Samsung Electronics, a leading company in memory chips, smartphones, and television production, is forecasting a significant profit increase of around 1,400% for the quarter ending June 2024 compared to the same period last year.
05 Jul 2024
Stock MarketSensex closes below 80,000 mark, Nifty ends flat near 24,325
On Friday, major indices of the stock market ended flat with the Sensex settling at 79,996.60 points and the Nifty closing at 24,323.85 points.
05 Jul 2024
Motilal OswalIndian defence stocks surge 13% following record defence production growth
Indian defence companies experienced a significant surge in their shares, with some seeing up to a 13% increase on July 5.
05 Jul 2024
National Stock ExchangeRaymond shares skyrocket 19% after real estate business demerger approval
Raymond Ltd, a textile and real estate conglomerate, saw its shares surge by 18.5% to a record high on July 5.
05 Jul 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has shed 7.82% over the last 24 hours, trading at $54,287.39. It is 11.86% lower than the previous week.
05 Jul 2024
Initial Public Offering (IPO)India's largest IPO: Is Reliance Jio preparing for market debut?
Reliance Jio, India's leading telecom company, is reportedly preparing for a potential Initial Public Offering (IPO) as early as next year.
05 Jul 2024
CIPLASensex, Nifty break gaining streak; HDFC Bank tanks nearly 5%
On July 5, benchmark indices Nifty and Sensex ended their two-day gaining streak, with the Sensex falling by 0.57% to 79,590 and the Nifty slipping by 0.44% to 24,194.
05 Jul 2024
MicrosoftMicrosoft's latest layoff round hits product teams
Microsoft has confirmed a new round of layoffs affecting various teams and locations across the company this week.
04 Jul 2024
Unified Payments Interface (UPI)Shopping in Dubai? You can now pay using UPI
India's NPCI International Payments Limited (NIPL) has teamed up with UAE's Network International to introduce Unified Payments Interface (UPI) payments.
04 Jul 2024
Reliance IndustriesSensex witnesses fastest 10,000-point rally led by these 5 stocks
The market capitalization of Sensex saw a significant surge from ₹136.89 lakh crore on December 11, 2023, to over ₹158 lakh crore on July 3.
04 Jul 2024
Stock MarketSensex closes at 80,050 points, Nifty settles above 24,300 mark
On Thursday, the stock market ended on a sluggish note as the Sensex settled at 80,049.67 points after opening at a fresh record high of 80,300.
04 Jul 2024
InflationTax relief imperative? Why Budget 2024 needs standard deduction hike
India's Finance Minister Nirmala Sitharaman is anticipated to increase the standard deduction limit in the upcoming budget, potentially bringing good news to individuals earning salary and pension.
04 Jul 2024
Mukesh AmbaniDisrupting fashion market? Reliance to re-launch China's SHEIN in India
Reliance Retail, owned by Mukesh Ambani, is preparing to introduce popular Chinese fast fashion label SHEIN in India.
04 Jul 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has lost 3.09% in the last 24 hours, trading at $58,895.20. It is down 3.65% from the last week.
04 Jul 2024
Federal ReserveSensex reaches fresh record high, opens above 80,300
The S&P BSE 30 share benchmark index, also known as the Sensex, opened at an unprecedented high of over 80,300 on Thursday morning.
04 Jul 2024
AmazonBezos trims Amazon stake again, cashing out $5B this time
Jeff Bezos, the world's second-wealthiest individual, has revealed plans to sell an additional 25 million shares of Amazon, valued at approximately $5 billion.
03 Jul 2024
NiftyGold outshines Nifty with 13% gains in H1 2024
In the first half of 2024, gold outshone the Nifty 50 index with a return of 13.37% compared to Nifty's yield of 10.5%.
03 Jul 2024
Stock Market40% rally in 5 days: Why Wockhardt shares are soaring
Wockhardt, a prominent Indian pharmaceutical company, has witnessed a significant surge in its shares, which have risen nearly 40% over five consecutive sessions.
03 Jul 2024
Stock MarketSensex climbs to 79,986 points, Nifty settles near 24,290 mark
On Wednesday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.
03 Jul 2024
TeslaClean cars, dirty secrets? Tesla faces child labor concerns
Tesla, a leading consumer of cobalt for its electric vehicles (EVs), is facing criticism over potential child and forced labor in its cobalt supply chain.
03 Jul 2024
Paytm₹35 for healthcare? Paytm launches affordable health plan for merchants
One 97 Communications Limited, the company behind Paytm, has introduced a unique health and income protection plan named 'Paytm Health Saathi.'
03 Jul 2024
KooWhy India's alternative to X, Koo is shutting down
Indian social media platform, Koo, has declared its closure following unsuccessful acquisition discussions with internet media start-up Dailyhunt.
03 Jul 2024
Indian EconomyIndia's service sector booms in June, record exports fuel growth
India's service sector activity experienced a surge in June, reaching 60.5 from May's five-month low of 60.2, according to HSBC India Services Business Activity Index.
03 Jul 2024
BYDTesla stocks skyrocket 10% as Q2 sales outperform predictions
Tesla's share price soared over 10% on Tuesday, reaching its highest level since January.
03 Jul 2024
HDFC BankSensex crosses 80,000 for first time; Nifty hits record high
On July 3, India's benchmark indices, the Sensex and Nifty, reached unprecedented heights due to positive global cues.
03 Jul 2024
BlockchainSentient Labs gets $85M boost led by Peter Thiel's fund
Dubai-based Sentient Labs, co-founded by Polygon's Sandeep Nailwal, has successfully raised $85 million in a seed funding round.
03 Jul 2024
AppleApple to join OpenAI board as observer following AI partnership
Apple is set to secure an observer role on the board of OpenAI, a landmark move in the field of artificial intelligence (AI), as reported by Bloomberg.
02 Jul 2024
Securities and Exchange Board of IndiaEnd of discounts? SEBI's ruling impacts Zerodha in big way
The Securities and Exchange Board of India (SEBI) has issued a circular, requiring market infrastructure institutions (MIIs) to be transparent about their charges from October 2, 2024.
02 Jul 2024
UnacademyUnacademy job cuts: 250 employees affected in latest restructuring move
Unacademy, an edtech startup, has announced the layoff of 250 employees across various functions due to a challenging funding environment.
02 Jul 2024
NBFCZomato withdraws NBFC licence application, exits lending business
Zomato, the food and grocery delivery giant, has decided to withdraw its application for a non-banking financial company (NBFC) licence.
02 Jul 2024
BengaluruKarnataka HC overturns NCLT's stay on BYJU'S second rights issue
The Karnataka High Court has overturned a previous order by the National Company Law Tribunal (NCLT) that had barred edtech firm BYJU'S from initiating a second rights issue.
02 Jul 2024
ZeptoZepto seeks additional $250 million funding at $4.6 billion valuation
Zepto is reportedly discussing an additional funding round that could potentially bring in $250 million, with a possibility of increasing to $400 million.
02 Jul 2024
Stock MarketSensex closes at 79,441 points, Nifty settles near 24,120 mark
On Tuesday, major indices of the stock market ended in the red.
