Business News
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05 Aug 2024
Mutual FundsHow to secure your child's future with government bonds
In today's uncertain economic climate, securing your child's future has become crucial.
05 Aug 2024
MicrosoftIT outage fallout: CrowdStrike denies responsibility for Delta's flight disruptions
Cybersecurity firm CrowdStrike has refuted claims by Delta Air Lines that it was responsible for the extensive flight disruptions caused by a global computer outage in July.
05 Aug 2024
Adani GroupThe $213 billion handover: Who will succeed Gautam Adani
Gautam Adani, the chairman of the Adani Group and India's second-richest man, has disclosed his succession plan for his $213 billion empire.
05 Aug 2024
Elon MuskElon Musk's political committee under investigation for voter data collection
The America PAC, a political action committee (PAC) backed by billionaire Elon Musk, is under investigation by the Michigan Secretary of State's office.
05 Aug 2024
MetaWhy tech companies are ditching return-to-office mandate
After a period of pushing for a full return to physical offices, many tech firms are now backtracking on their mandates
05 Aug 2024
Unified Payments Interface (UPI)You could soon avail UPI loans against your fixed deposits
Private banks in India are considering a new strategy to extend credit on the Unified Payments Interface (UPI) using fixed deposits (FDs) as collateral.
05 Aug 2024
BitcoinBitcoin crashes over 11% in biggest weekly loss since 2022
Bitcoin has slipped 11.45% in the past 24 hours to trade at $53,628.72. It is nearly 23% lower than the week before.
05 Aug 2024
SensexSensex crashes 1,500 points: 5 key reasons behind today's bloodbath
On Monday, the Indian stock market experienced a significant downturn.
04 Aug 2024
Enforcement Directorate (ED)ED seizes ₹1cr in crypto scam raids across north India
The Enforcement Directorate (ED) has confiscated ₹1 crore in cash and several incriminating documents, during raids against a fraudulent cryptocurrency firm.
04 Aug 2024
ZomatoZomato's platform fee contributed ₹83 crore to its annual revenue
Zomato, a leading food delivery service, has collected ₹83 crore in platform fees from customers until March, as per its annual report.
04 Aug 2024
Adani GroupSBI and Citigroup biggest investors in Adani Energy's $1B QIP
Adani Energy Solutions Ltd (AESL), an arm of the Adani Group, successfully raised $1 billion through a Qualified Institutional Placement (QIP) last week.
04 Aug 2024
BPCLState-owned fuel retailers report 90% drop in Q1 earnings
India's state-owned fuel retailers, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), have reported a substantial decline in their Q1 earnings for the fiscal year 2024-25.
04 Aug 2024
Indian GovernmentUp to ₹50L fine for alcohol promotion via surrogate ads
The Indian government is preparing to enforce a ban on surrogate advertising by liquor manufacturers.
04 Aug 2024
Initial Public Offering (IPO)IPOs of FirstCry, Unicommerce, Aesthetik Engineers to open next week
The stock market is gearing up for a busy week, with three new initial public offerings (IPOs) set to open for bidding.
04 Aug 2024
Bharti AirtelIndia's top 8 companies lose ₹1.28L crore in market cap
Eight of India's top 10 most valued firms, witnessed a significant drop in their market capitalization (mcap) last week, resulting in a combined loss of ₹1.28 lakh crore.
04 Aug 2024
InfosysInfosys gets relief in ₹3,898 crore FY18 GST case
The Directorate General of Goods and Services Tax Intelligence (DGGI) has resolved a tax case involving IT giant Infosys for the fiscal year 2017-18.
04 Aug 2024
CryptocurrencyCryptocurrency prices today: Check rates of Dogecoin, Tether, Bitcoin, Ethereum
Bitcoin has lost 1.47% of its value in the last 24 hours, and is now trading at $60,562.69. It is down 10.47% from last week.
04 Aug 2024
TeslaTesla files suit over 'highly unsafe' breakaway EV charging adapters
Elon Musk-owned Tesla, the globally recognized automaker, has initiated legal action against EV charging adapter maker EVject.
04 Aug 2024
AppleWarren Buffett's Berkshire Hathaway reduces Apple stake by almost 50%
Warren Buffett's Berkshire Hathaway has reduced its stake in Apple by almost 50%, during a selling spree in Q2.
03 Aug 2024
Foreign InvestmentFPIs start August as sellers, offload ₹1,027cr in equities
Foreign portfolio investors (FPIs) have started August on a selling spree of Indian equities.
03 Aug 2024
Stock MarketDivis Labs's Q1 net profit surges 21% to ₹430 crore
Divis Laboratories, a leading pharmaceutical company, has reported a 21% year-on-year (YoY) increase in its net profit for the first quarter of FY25.
03 Aug 2024
Adani GroupAdani's Ambuja Cement announces inaugural ₹1,600 crore project in Bihar
Adani Group's Ambuja Cement has announced a significant investment of ₹1,600 crore for a new cement grinding unit in Warisaliganj, Bihar.
03 Aug 2024
Bank of India (BOI)BOI's Q1 net profit rises by 10% to ₹1,703cr
Bank of India (BOI), a state-owned entity, has reported a 10% year-on-year (YoY) increase in its net profit for the first quarter ending June 2024.
03 Aug 2024
StartupsShareChat raises $16 million while axing 5% of its workforce
ShareChat, a social media platform backed by Google and Temasek, has secured $16 million in funding while simultaneously reducing its workforce by approximately 5%.
03 Aug 2024
NVIDIAElliott Management calls NVIDIA's stock a 'bubble,' AI technology 'overhyped'
Elliott Management, a hedge fund managing approximately $70 billion in assets, has labeled NVIDIA's stock as a "bubble."
03 Aug 2024
State Bank of India (SBI)SBI's Q1 results: Net profit rises to ₹17,035cr, NPA down
The State Bank of India (SBI), India's largest lender, has reported an increase in its net profit for the first quarter of the current financial year.
03 Aug 2024
IntelIntel hits its worst day since 2013: Stock plummets 26%
Intel Corporation has experienced a 26% overnight drop in its stock value, to end at $21.48, its lowest since 2013.
03 Aug 2024
Jeff BezosWorld's richest, led by Bezos, lose $134B in stock slump
The world's wealthiest individuals, led by Amazon founder Jeff Bezos and Tesla CEO Elon Musk, have experienced a significant decrease in their net worth due to a widespread stock market sell-off.
03 Aug 2024
AmazonCloud infrastructure market rebounds, rakes in $79B this quarter
The cloud infrastructure sector has made a strong comeback after a slow 2023, with revenues hitting $79 billion in the recent quarter.
03 Aug 2024
Indian GovernmentForeign investment in Indian government securities surpasses $9B in 2024
Foreign investment in Indian government securities (G-secs) via the fully accessible route (FAR), has exceeded $9 billion within the first seven months of this year.
03 Aug 2024
CryptocurrencyCryptocurrency prices: Here are rates of Ethereum, Dogecoin, Bitcoin, Tether
Bitcoin has lost 4.54% of its value in the last 24 hours, and is now trading at $61,516.61. It is down by 9.38% from last week.
03 Aug 2024
Coca-ColaCoca-Cola to pay $6B in back taxes in US
Coca-Cola has announced it will pay $6 billion in back taxes and interest to the Internal Revenue Service (IRS) in the US, while challenging a final federal tax court ruling.
02 Aug 2024
NASDAQRemember Rediff? India's internet pioneer sells majority stake for $3M
Infibeam Avenues, one of India's leading payments infrastructure firm, has acquired a 54% majority stake in Rediff.com.
02 Aug 2024
RealmeHow Realme plans to capture India's smartphone market
Realme, currently the fourth-largest smartphone brand in India, has unveiled ambitious plans to become the country's top brand and extend its reach into over 100 new markets within five years.
02 Aug 2024
NVIDIAWhy US has launched antitrust probe into NVIDIA
The US Department of Justice (DOJ) has initiated an antitrust investigation into NVIDIA, the world's leading AI chip manufacturer.
02 Aug 2024
SonySony-owned game studio faces backlash amid layoffs, CEO's extravagance
Bungie, the renowned game studio behind Destiny, has announced the layoff of 220 employees.
02 Aug 2024
Personal FinanceDecoding Systematic Withdrawal Plans (SWP) for Indian investors
Systematic Withdrawal Plans, or SWPs, allow investors to withdraw funds at regular intervals from their investments.
02 Aug 2024
InsuranceUnderstanding critical illness insurance in India
In India, critical illness insurance is essential for financial planning. It is due to rising healthcare costs and the growing occurrence of critical diseases.
02 Aug 2024
BitcoinToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, BNB, Solana
Bitcoin has lost 0.37% in the last 24 hours, trading at $63,896.46. It is 4.62% down compared to last week.
02 Aug 2024
Personal FinanceRetirement planning for Indian women: Strategies and tips
Retirement planning is crucial for everyone, but it is particularly significant for women in India.
