Business News
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25 Jul 2024
ChatGPTWorld's leading AI company faces $5 billion loss this year
OpenAI, the creator of ChatGPT, is projected to suffer a loss of up to $5 billion this year and could potentially exhaust its cash reserves within the next 12 months, as per an analysis by The Information.
24 Jul 2024
Executive VPMeet Akhil Shrivastava: Beauty conglomerate Estee Lauder's new EVP, CFO
Estee Lauder, the renowned beauty brands conglomerate, has appointed Akhil Shrivastava as its new executive vice president (EVP) and chief financial officer (CFO).
24 Jul 2024
Nirmala SitharamanBudget 2024: How to choose between old, new tax regimes
The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, has introduced modifications to the new tax regime.
24 Jul 2024
South KoreaWho is Kim Beom-su, billionaire arrested for K-pop stock manipulation?
Kim Beom-su, the billionaire founder of South Korean tech giant Kakao Corp, was arrested yesterday.
24 Jul 2024
IndiaOTT push: India's video market to touch $13B by 2028
India's video market is transforming, with online video-on-demand (VoD) content, expected to drive half of the new revenue growth.
24 Jul 2024
GoogleGoogle Cloud surpasses $10B revenue mark for the first time
Alphabet, Google's parent company, has reported a robust second-quarter performance for 2024, surpassing revenue and profit estimates.
24 Jul 2024
ChinaLuxury goods sector down a whopping $200B. Reason? Chinese economy
Luxury brands are experiencing a significant downturn as China's economic growth decelerates, and Beijing cracks down on wealth display.
24 Jul 2024
AmazonWill Alexa's paid tier make up for Amazon's $25B loss?
Amazon's business unit, responsible for Alexa-powered devices like Echo speakers, Kindle readers, and Fire TV sets, reported a loss of $25 billion between 2017 and 2021.
24 Jul 2024
BitcoinCryptocurrency prices today: Check rates of Bitcoin, Ethereum, BNB, Dogecoin
Bitcoin has slipped 1.67% in the past 24 hours to trade at $65,885.06. It is 0.04% higher than the week before.
24 Jul 2024
Sam AltmanCan money buy happiness? Altman's basic income research weighs in
OpenAI's billionaire CEO Sam Altman's three-year universal basic income (UBI) trial, the largest in the United States, has concluded and revealed significant benefits for low-income individuals.
23 Jul 2024
AirbnbHow this self-proclaimed 'Wolf of Airbnb' duped New York landlords
Konrad Bicher, a 32-year-old man from Florida, who dubbed himself the "Wolf of Airbnb," has been sentenced to four years and three months in prison.
23 Jul 2024
Nirmala SitharamanIndexation benefit axed: How Budget 2024 jolts the property market
In a significant development, Finance Minister Nirmala Sitharaman announced during the 2024 Union Budget that the indexation benefit for property sales will be eliminated.
23 Jul 2024
Finance BillIncreased STT to cool market activity? What Zerodha founder said
Finance Minister Nirmala Sitharaman has proposed a significant increase in the Securities Transaction Tax (STT) on Futures and Options (F&O) trading for the 2024 budget.
23 Jul 2024
Nirmala SitharamanUnion Budget 2024: What measures were announced for women?
An impressive ₹3 lakh crore was allocated for women and girls during the Union Budget 2024 presented by Finance Minister Nirmala Sitharaman on Tuesday.
23 Jul 2024
Elon MuskElon Musk announces 'son is dead'; blames 'woke mind virus'
Tesla and SpaceX CEO Elon Musk recently claimed that his estranged transgender daughter was "killed" by the "woke mind virus."
23 Jul 2024
Economic SurveyBudget 2024: What are NDA government's key priorities
Union Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25 on Tuesday, highlighting nine key areas of focus for the third term of the Modi-led National Democratic Alliance (NDA) government.
23 Jul 2024
San FranciscoWork-from-office 4 to 5 days a week: Salesforce to employees
Software giant Salesforce has issued an internal memo, directing most of its employees to return to their offices by October 1, according to the San Francisco Standard.
23 Jul 2024
CancerBudget 2024: These 3 cancer drugs will get cheaper
Union Finance Minister Nirmala Sitharaman announced on Tuesday that three cancer drugs will be "fully" exempted from basic customs duty.
23 Jul 2024
EPFOIndia's ₹2 trillion push: 3 schemes to boost job creation
Finance Minister Nirmala Sitharaman has unveiled three significant employment-linked incentive schemes in the Union Budget 2024-25.
23 Jul 2024
Nirmala SitharamanSitharaman announces 1,000cr fund to support Indian spacetech startups
Finance Minister Nirmala Sitharaman announced a ₹1,000 crore venture capital fund to boost India's space economy during her Budget 2024-25 speech on Tuesday.
23 Jul 2024
Nirmala SitharamanBudget 2024: What's NPS Vatsalya, plan by parents for children
In her Union Budget announcement on Tuesday, Finance Minister Nirmala Sitharaman mentioned the NPS Vatsalya scheme, which is a new initiative aimed at promoting long-term savings for minors.
23 Jul 2024
Lok SabhaUnion Budget 2024: What's cheaper and what's costlier?
Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget for 2024-25, unveiling policies that will impact the prices of various goods for the general public.
23 Jul 2024
Union BudgetPM Surya Ghar Muft Bijli Yojana to power 1cr households
In Union Budget 2024, Finance Minister Nirmala Sitharaman has announced the extension of PM Surya Ghar Muft Bijli Yojana to one crore households.
23 Jul 2024
SensexBudget impact: Sensex falls 700 points, INR hits record low
Indian equity benchmarks fell sharply today after Finance Minister Nirmala Sitharaman concluded her Budget 2024 speech.
23 Jul 2024
Nirmala SitharamanBudget 2024: Long-term capital gains tax hiked, exemption limit raised
Finance Minister Nirmala Sitharaman has proposed several modifications to the capital gains taxation regime, in Union Budget 2024.
23 Jul 2024
Nirmala SitharamanBudget 2024: Sitharaman announces major reduction in basic customs duty
Finance Minister Nirmala Sitharaman has announced a large cut in customs duties on cancer medications and mobile phones, which will significantly lower their prices in the retail market.
23 Jul 2024
Nirmala SitharamanNew tax slabs announced in Union Budget 2024
In her budget speech, Finance Minister Nirmala Sitharaman announced updates to the new tax regime.
23 Jul 2024
Nirmala SitharamanIndia to simply FDI rules, prioritize use of INR
In the 2024 Union Budget, Finance Minister Nirmala Sitharaman has announced several measures aimed at increasing inflows of Foreign Direct Investments (FDIs).
23 Jul 2024
Nirmala SitharamanBudget 2024 abolishes 'Angel tax' in India: Why it matters
In a major move for the Indian startup ecosystem, Finance Minister Nirmala Sitharaman has announced the complete abolishment of Angel tax.
23 Jul 2024
Nirmala SitharamanCentre will offer you ₹15,000 if you are a fresher
Finance Minister Nirmala Sitharaman has announced an interesting policy for first-time employees, in Union Budget 2024.
23 Jul 2024
Nirmala SitharamanBudget 2024: Sitharaman allocates ₹10 lakh crore for urban housing
Finance Minister Nirmala Sitharaman has announced plans to facilitate the development of three crore rural and urban houses over five years under the Pradhan Mantri Awas Yojana (PMAY).
23 Jul 2024
Nirmala SitharamanBudget 2024: MSMEs get credit support, ₹20L limit MUDRA loans
Finance Minister Nirmala Sitharaman announced a new credit guarantee scheme for Micro, Small, and Medium Enterprises (MSMEs) during the full budget presentation for 2024-25.
23 Jul 2024
Nirmala SitharamanSitharaman makes history, presents 7th consecutive Budget
Union Finance Minister Nirmala Sitharaman presented the FY25 Union Budget on Tuesday, marking her seventh consecutive budget presentation, a record in Indian history.
23 Jul 2024
COVID-19Sitharaman poses with tablet: Journey from briefcase to paperless budget
Ahead of her seventh consecutive budget presentation for the fiscal year 2024-25, Finance Minister Nirmala Sitharaman posed with a tablet in a red "bahi-khata" sleeve outside her office on Tuesday.
23 Jul 2024
BitcoinCryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Solana
Bitcoin has shed 1.12% over the last 24 hours, trading at $67,122.96. It is 3.91% higher than previous week.
23 Jul 2024
Joe BidenKamala Harris breaks fundraising record, amasses $81M in a day
US Vice President Kamala Harris's presidential campaign has set a new record by raising an unprecedented $81 million in just one day.
23 Jul 2024
MetaMeta's severance agreements ruled illegal for silencing laid-off workers
A US judge has deemed the severance agreements provided by Meta during its 2022 mass layoffs as illegal.
23 Jul 2024
Nirmala SitharamanKey numbers to watch out for in Union Budget today
Finance Minister Nirmala Sitharaman will present her seventh consecutive budget, a plan that aims to chart India's path toward development by 2047, at 11:00am on Tuesday.
23 Jul 2024
Nirmala SitharamanSitharaman presents Modi 3.0's first budget: What to expect?
Finance Minister Nirmala Sitharaman began presenting the Union Budget 2024 in the Lok Sabha on Tuesday.
23 Jul 2024
GoogleThis startup just rejected Google's biggest acquisition offer of $23B
Cybersecurity startup Wiz has turned down a $23 billion acquisition offer from Alphabet, Google's parent company.
