Business News
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16 Jul 2024
BCCIBYJU'S vs BCCI: NCLT approves insolvency proceedings against edtech giant
The National Company Law Tribunal (NCLT) has admitted Think and Learn, the parent company of ed-tech firm BYJU'S, to the insolvency resolution process.
16 Jul 2024
VerizonWhy record labels filed a $2.6 billion lawsuit against Verizon
Major record labels, including Universal, Sony, and Warner, have filed a $2.6 billion lawsuit against internet service provider (ISP) Verizon.
16 Jul 2024
CybersecurityRussia's Kaspersky to shut down US business after unprecedented ban
Russian cybersecurity firm, Kaspersky Lab, has revealed plans to "gradually wind down" its US operations and terminate its US-based workforce.
16 Jul 2024
AmazonHow a resold dirty diaper on Amazon destroyed family business
Beau & Belle Littles, a family business owned by Paul and Rachelle Baron, has fallen into $600,000 (₹5 crore) of debt following a damaging one-star review on Amazon.
16 Jul 2024
BengaluruGoogle backs Uber-rival Namma Yatri in $11 million funding round
Moving Tech Innovations Ltd, the Bengaluru-based company that operates community-led mobility apps including Namma Yatri, has secured $11 million in a pre-Series A funding round.
16 Jul 2024
Donald TrumpElon Musk pledges $45 million monthly to support Donald Trump
Elon Musk, the world's wealthiest individual with a net worth exceeding $250 billion, has pledged to donate $45 million monthly to America PAC, a pro-Donald Trump political group.
16 Jul 2024
Bajaj AutoNifty scales new peak, crosses 24,650 mark: What's driving rally
The benchmark index Nifty soared past the 24,650 mark today, marking gains for the third consecutive session.
16 Jul 2024
BitcoinCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Polygon
Bitcoin has climbed 2.13% in the past 24 hours to trade at $64,053.52. Compared to last week, it is 11.80% up.
16 Jul 2024
Layoff NewsSalesforce cuts 300 jobs in second layoff round this year
Salesforce, the software behemoth, has confirmed the elimination of approximately 300 roles this month in a bid to streamline operations and control costs.
15 Jul 2024
Telecom Regulatory Authority of India (TRAI)Nearly 90% users face call drops in India, reveals survey
A recent survey by community social media platform LocalCircles reveals that 89% of mobile subscribers in India are experiencing call drops, despite increased network capacity.
15 Jul 2024
GurugramMS Dhoni invests in EV ride-hailing startup BluSmart
Mahendra Singh Dhoni, ex-skipper of the Indian cricket team, has invested in BluSmart, a Gurugram-based startup offering ride-hailing services exclusively with electric vehicles (EVs).
15 Jul 2024
InfosysWork 70-hours? Why this CA is mocking Infosys founder's advice
Infosys founder Narayana Murthy is facing backlash from a Chartered Accountant (CA) over his advice that young Indians should work 70 hours per week to boost productivity.
15 Jul 2024
Tata Consultancy Services (TCS)TCS hits pre-pandemic work attendance levels after 18 months
Tata Consultancy Services (TCS), India's largest IT services exporter, has reached pre-pandemic levels of employees working from offices.
15 Jul 2024
Stock MarketSensex gains 145 points, Nifty settles below 24,600 mark
On Monday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.
15 Jul 2024
Donald TrumpDonald Trump-themed memecoins soar 60% following his assassination attempt
Following an assassination attempt on former US President Donald Trump, leading Trump-themed memecoins saw a significant surge in value.
15 Jul 2024
Indian ArmyApollo Micro Systems hits upper circuit after bagging army contract
Apollo Micro Systems, a leading defense and aerospace company, has secured a significant contract from the Indian Army.
15 Jul 2024
FoodIndia's wholesale food inflation touches 20-month high in June
India's wholesale inflation in June soared to a 16-month high of 3.4%, a significant increase from May's 2.6%, according to government data released today.
15 Jul 2024
Deepinder GoyalMiddle-class roots to billionaire club: Story of Zomato's Deepinder Goyal
Deepinder Goyal, the founder of Zomato, has an inspiring journey from a middle-class background to leading a global food delivery brand and entering the billionaire club.
15 Jul 2024
SwiggyPlatform fee hiked: Your Swiggy, Zomato orders are getting costlier
Food delivery behemoths Swiggy and Zomato have escalated their platform fee by 20%, from ₹5 to ₹6 per order.
15 Jul 2024
CryptocurrencyCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has climbed 4.62% in the past 24 hours, trading at $62,527.51. It is 12.60% higher than last week.
15 Jul 2024
Deepinder GoyalZomato's Deepinder Goyal becomes billionaire: Check his net worth
Deepinder Goyal, the founder and CEO of food delivery company Zomato, has become a billionaire following a record rally in the company's shares.
15 Jul 2024
Google$23 billion Wiz deal: Google plans its biggest acquisition ever
Google is reportedly planning its largest startup acquisition to date, with a proposed $23 billion purchase of Wiz, a New York-based cloud cybersecurity startup.
15 Jul 2024
State Bank of India (SBI)SBI hikes lending rates: How your loan EMIs will increase
The State Bank of India (SBI), the country's largest lender, has announced an increase in its marginal cost of funds-based lending rate (MCLR) by up to 10 basis points (0.1%) across select tenures.
14 Jul 2024
Punjab National BankPC Jeweller to settle bank loans with ₹2,705 crore fundraising
PC Jeweller Ltd has unveiled plans to raise up to ₹2,705 crore by issuing warrants on a preferential basis.
14 Jul 2024
Initial Public Offering (IPO)4 new IPOs hitting market this week: Check list
The primary market is bracing for the launch of four new initial public offerings (IPOs) next week, following a busy week of closing IPOs for Emcure Pharma and Bansal Wire Industries.
14 Jul 2024
XiaomiXiaomi India's profit drops 77% to ₹239 crore in FY23
Chinese smart device manufacturer, Xiaomi, has experienced a significant drop in its profits for the fiscal year (FY) 2022-23 in India.
14 Jul 2024
ICICI BankM-cap of top 10 firms jumps ₹1.72L crore, TCS leads
The combined market valuation of seven out of the top 10 most valued Indian firms, experienced a significant increase last week, with a total jump of ₹1.72 lakh crore.
14 Jul 2024
IndiaFPIs inject ₹15,352 crore into Indian equities this July
Foreign portfolio investors (FPIs) have funneled ₹15,352 crore into Indian equities during the initial two weeks of July, as per depository data.
14 Jul 2024
CryptocurrencyToday's cryptocurrency prices: Check rates of Tether, Bitcoin, Ethereum, Dogecoin
Bitcoin has climbed by 4.21% in the past 24 hours, and is now trading at $60,283.28. It is 4.87% higher than last week.
13 Jul 2024
Stock MarketDMart's Q1 results: Net profit rises 17.5%, revenue up 18.6%
Avenue Supermarts, the parent company of retail chain DMart, has reported a consolidated net profit of ₹773.8 crore for Q1 FY25, marking a 17.5% increase from ₹658.8 crore in the same period last year.
13 Jul 2024
Mutual FundsQuant Mutual Fund's AUM reaches all-time high of ₹94,000 crore
Quant Mutual Fund has reported that its total assets under management (AUM) have reached an all-time high of ₹94,000 crore.
13 Jul 2024
PaytmSoftBank cuts ties with Paytm, sells remaining 1.4% stake
Japan's SoftBank has fully divested from One97 Communications, the parent company of fintech giant Paytm.
13 Jul 2024
Income Tax Department of IndiaIndia's net direct tax collection surges 19.5% to ₹5.74L crore
The Income Tax Department has reported a significant 19.54% increase in net direct tax collection for the fiscal year (FY) 2024-25 so far, reaching ₹5.74 lakh crore by July 11, 2024.
13 Jul 2024
Stock Market₹10,000-2.7L in 10 years: This stock can supercharge your portfolio
Caplin Point Laboratories, a company specializing in the development and marketing of generic formulations, has seen a remarkable 2,767% increase in its stock value over the past 10 years.
13 Jul 2024
Securities and Exchange Board of IndiaQuant confirms SEBI's data collection 'not part of regular process'
The Securities and Exchange Board of India (SEBI) executed a court-approved search-and-seizure operation at Quant Mutual Fund.
13 Jul 2024
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Dogecoin, Ethereum, Tether
Bitcoin has climbed by 1.79% in the past 24 hours to now trade at $57,831.80. Compared to last week, it is up by 2.83%.
12 Jul 2024
Reserve Bank Of India (RBI)India's forex reserves up $5B in first week of July
India's foreign exchange reserves have seen a substantial surge of $5.158 billion, reaching a total of $657.155 billion for the week ending July 5, according to the Reserve Bank of India (RBI).
12 Jul 2024
IndiaIndia's retail inflation touches 5-month high of 5.1% this June
India's retail inflation rose to 5.08% in June, marking the first increase in five months, according to government data. This exceeds the previous month's 12-month low of 4.75%.
12 Jul 2024
Stock MarketSensex gains over 620 points, Nifty settles above 24,500 mark
On Friday, the benchmark Sensex and Nifty indices showed an upward trend.
12 Jul 2024
Reliance IndustriesJio Financial becomes core investment company. What changes for you?
Jio Financial Services Ltd has secured approval from the Reserve Bank of India (RBI) to transition from a Non-Banking Financial Company (NBFC) to a Core Investment Company (CIC).
