Business News

No jargons, no mumbo-jumbo. Read the unadulterated Business news here.

07 Aug 2024

Boeing

'Changed doors like underwear': Boeing employees reveal workplace challenges

Boeing employees have revealed a chaotic and dysfunctional work environment, according to testimony at the start of a two-day hearing conducted by the National Transportation Safety Board (NTSB).

07 Aug 2024

COVID-19

Asia's richest man forgoes salary for fourth consecutive year

Mukesh Ambani, the chairman of India's most valuable company Reliance Industries Ltd (RIL), has chosen not to receive a salary from his conglomerate for the fourth consecutive year.

07 Aug 2024

Airbnb

Airbnb shares plunge 15% amid slowing demand forecast

Airbnb shares took a 15% dive following the company's announcement of an expected third-quarter revenue shortfall and shorter booking windows.

07 Aug 2024

Personal Finance

Optimizing credit card usage for financial health

In India, credit cards are a potent financial instrument when used judiciously.

07 Aug 2024

Zomato

Don't have exact change? Zomato now has a simple solution 

Zomato, a leading food delivery platform in India, has launched a novel feature aimed at streamlining cash transactions for its users.

07 Aug 2024

Personal Finance

Low credit score? These tips will help you improve it

In India, a credit score ranges from 300 to 900, guiding lenders on the likelihood of loan repayment.

07 Aug 2024

Personal Finance

What is P2P lending and how it can benefit you

Peer-to-peer (P2P) lending is becoming a popular investment avenue in India.

07 Aug 2024

Workplace

Remote workers are happier, more cooperative than office-bound colleagues: Study

A recent study by Great Place to Work has revealed that return-to-office (RTO) mandates are negatively impacting both employee retention and productivity.

07 Aug 2024

Climate Change

Elon Musk's trans daughter accuses him of serial adultery, dishonesty

Elon Musk, the renowned founder of SpaceX and X, is facing public criticism from his trans daughter, Vivian Jenna Wilson.

07 Aug 2024

Cryptocurrency

Today's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Solana, Polygon

Bitcoin has gone up by 3.10% in the past 24 hours to trade at $57,140.96. Compared to last week, it is 12.93% down.

07 Aug 2024

Elon Musk

Why Elon Musk's X is suing advertisers

Elon Musk-owned social media platform X, formerly known as Twitter, has initiated an antitrust lawsuit against the Global Alliance for Responsible Media (GARM) and several of its members.

07 Aug 2024

Microsoft

Microsoft says Delta ignored Nadella's help amid CrowdStrike outage

Microsoft has responded to Delta Air Lines's criticism following a significant IT outage last month.

06 Aug 2024

Dell

Dell fires 12,500 employees amid shift to AI-focused business model

Dell has conducted a fresh round of layoffs as part of its shift toward AI products and services.

06 Aug 2024

India

Bank loans worth ₹9.9L crore written off in 5 years

Indian banks have written off an enormous sum of ₹9.90 lakh crore in loans over the past five fiscal years, as reported by Pankaj Chaudhary, Minister of State for Finance.

IGN, Mashable's parent company acquires CNET for over $100 million

Ziff Davis, a leading digital media and internet firm, has announced its acquisition of tech news website CNET from Red Ventures.

06 Aug 2024

Amazon

Amazon India's chief steps down amid rising market competition

Manish Tiwary, the head of Amazon's operations in India, has resigned from his position. He took over as country manager in late 2020.

NHAI plans to monetize $2.4B of assets by March 2025

The National Highways Authority of India (NHAI) has disclosed its strategy to monetize road projects worth up to $2.4 billion in FY25.

06 Aug 2024

Bangladesh

Indian textile stocks soar as Bangladesh crisis creates market opportunity

Indian textile companies witnessed a significant surge in trade on Tuesday, due to the ongoing political crisis in neighboring Bangladesh.

06 Aug 2024

Bhavish Aggarwal

Ola Electric's IPO oversubscribed 4.25 times on final day

Ola Electric's initial public offering (IPO) has been oversubscribed 4.25 times today, the final day of bidding.

06 Aug 2024

Reliance Industries

Reliance climbs to 86th position in Fortune Global 500 list

Reliance Industries (RILs) has ascended two spots to secure the 86th position in Fortune's Global 500 list for 2024.

BCCI paid over ₹2,000 crore GST in FY23 and FY24

The Board of Control for Cricket in India (BCCI) has made a significant contribution to the nation's Goods and Services Tax (GST) revenue.

Unicommerce eSolutions IPO goes live: Should you subscribe? 

The initial public offering (IPO) of SoftBank-supported SaaS platform, Unicommerce eSolutions Ltd., has commenced today.

06 Aug 2024

India

Thali prices jump by up to 11% this July

The cost of thalis, a popular meal in India, has seen a significant increase due to inflation.

06 Aug 2024

Bengaluru

Zepto to move HQ from Mumbai to Bengaluru

Quick commerce startup Zepto is planning to move its headquarters from Powai, Mumbai to Sarjapur in Bengaluru.

06 Aug 2024

Insurance

Understanding insurance deductibles for Indians

When buying insurance for your car, health, or home, you'll encounter something called "deductible."

06 Aug 2024

Finance

Understanding home loans in India: Interest rates, eligibility, repayment options

For many Indian buyers, navigating the process of acquiring a home loan is daunting. This is due to the multitude of options available.

06 Aug 2024

Mutual Funds

How Indian investors can maximize returns with index funds

Index funds have become a popular investment choice among Indian investors.

FirstCry IPO is now live: Check price, GMP, subscription status

Brainbees Solutions Limited, the parent company of FirstCry, has launched its Initial Public Offering (IPO) in the Indian primary market today.

06 Aug 2024

Nirmala Sitharaman

Indexation benefit to return? Government mulls relief for real-estate investors

The Indian government is currently examining various options to alleviate concerns from the real estate sector, following Finance Minister Nirmala Sitharaman's recent Budget 2024 announcement.

06 Aug 2024

Elon Musk

Musk's X is closing its San Francisco headquarters: Here's why 

Elon Musk-owned social media company, X, is preparing to shut its primary San Francisco office in the coming weeks.

06 Aug 2024

Bitcoin

Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, XRP

Bitcoin has climbed 5.52% over the last 24 hours to trade at $55,337.76. It is 17% lower than previous week.

06 Aug 2024

Microsoft

Microsoft links job performance of employees to their cybersecurity skills

In a significant shift toward prioritizing cybersecurity, Microsoft has announced that security performance will be a major factor in employee performance reviews

06 Aug 2024

Anthropic

OpenAI just lost co-founders John Schulman and Greg Brockman

OpenAI co-founders John Schulman and Greg Brockman have announced their exit from the artificial intelligence startup, signaling a major shift in the company's leadership.

06 Aug 2024

Apple

Google's antitrust defeat: A boon for Microsoft Bing? 

In a landmark decision, US District Court Judge Amit P. Mehta ruled that tech behemoth Google acted unlawfully to preserve its monopoly in the online search market.

05 Aug 2024

SoftBank Group

SoftBank shares plunge 19%, Masayoshi Son's wealth shrinks by $4.6B

SoftBank Group shares took a nosedive of nearly 19% on Monday, resulting in a significant reduction in founder Masayoshi Son's net worth.

05 Aug 2024

Bhavish Aggarwal

Ola Electric IPO fully subscribed but GMP hints lacklustre debut

The Initial Public Offering (IPO) of Ola Electric, India's leading electric two-wheeler brand, was fully subscribed on the second day of bidding.

05 Aug 2024

Bharti Airtel

Bharti Airtel's Q1 profit skyrockets over 150% to ₹4,160 crore

Bharti Airtel, a leading telecom company, reported a significant 158% year-on-year increase in its net profit for the first quarter of FY25.

05 Aug 2024

Amazon

Groq raises $640M to challenge NVIDIA in AI chip arena

Groq, an artificial intelligence chip startup, has successfully secured $640 million in a recent funding round.

05 Aug 2024

Insurance

Understanding insurance policy lapse and renewal

Maintaining an active insurance policy is crucial for continuous coverage. Policies may lapse due to nonpayment of premiums or other reasons.

05 Aug 2024

Personal Finance

What are Equity-Linked Savings Schemes (ELSS)

Equity-Linked Savings Schemes, or ELSS, are a top tax-saving investment in India. They offer capital growth and tax benefits under Section 80C of the Income Tax Act.