Business News

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31 Aug 2024

Goldman Sachs

Goldman Sachs to lay off up to 1,800 employees: Report

Goldman Sachs is planning to lay off between 3% and 4% of its workforce, as part of its annual review process, as per WSJ.

SEBI's new F&O norms: How they affect your trading strategy

The Securities and Exchange Board of India (SEBI) has implemented stricter criteria for including and excluding stocks in the Futures and Options (F&O) segment.

India's Q1FY25 GDP growth decelerates to 5-quarter low at 6.7%

India's gross domestic product (GDP) growth for the first quarter (April-June) of the current financial year 2024-25 has dipped to a five-quarter low of 6.7%, government data released on Friday has revealed.

30 Aug 2024

Oprah Winfrey

Oprah Winfrey's real-time net worth

Oprah Winfrey, synonymous with resilience and success, has built an empire far beyond television.

30 Aug 2024

Elon Musk

Elon Musk's real-time net worth

Elon Musk, synonymous with innovation and entrepreneurship, is a leading figure in tech and automotive industries.

30 Aug 2024

Personal Finance

Unlocking retirement savings potential with NPS

The National Pension System (NPS) is a government-backed retirement savings plan in India, designed to provide individuals with a systematic way to save for their retirement.

30 Aug 2024

Personal Finance

Optimizing expenses with public transport in India

In the bustling cities and towns of India, managing daily commute costs can significantly impact one's budget.

30 Aug 2024

Finance

Understanding gold loan basics

Gold loans have become a popular borrowing option in India, offering quick access to funds by pledging gold jewelry or coins as collateral.

India's forex reserves reach record high of $681 billion

India's foreign exchange reserves have reached a new peak of $681.69 billion as of August 23, marking an increase of $7.02 billion, according to data from the Reserve Bank of India (RBI).

30 Aug 2024

Indian Government

India's core sector growth slows to 6.1%, down from 8.5%

India's core sector has experienced a growth of 6.1% in July, according to government data.

HAL to develop 'Aravalli' high-power engines for next-gen helicopters

Hindustan Aeronautics Limited (HAL) and SAFHAL Helicopter Engines Pvt Ltd (SAFHAL) have announced a partnership to design, develop, manufacture, supply, and support a new-generation high-power engine named 'Aravalli.'

30 Aug 2024

Chennai

Nokia to invest ₹450cr in Chennai for largest R&D facility

Nokia, the Finnish telecommunications giant, is set to establish its largest global research and development (R&D) facility in Chennai.

30 Aug 2024

Indian Government

India becomes leading hub for drone start-ups, outpacing UK, China

India has surpassed the UK and China as a preferred destination for drone start-ups, according to a recent analysis by Moneycontrol.

'Finfluencers' will now be accountable for their investment advice

The Securities and Exchange Board of India (SEBI) has revised its regulations to supervise unregistered financial influencers, also known as 'finfluencers.'

30 Aug 2024

Bengaluru

Bengaluru's high-profile real estate deal: Indiranagar property sold for ₹47.5cr

A residential property in Bengaluru's posh Indiranagar neighborhood has been sold for a staggering ₹47.5 crore, marking one of the city's most expensive real estate transactions this year, local brokers told Moneycontrol.

30 Aug 2024

GST

Term life insurance plans in India might become cheaper

The Goods and Services Tax (GST) Council is considering a proposal to exempt term life insurance policies from GST, according to an anonymous senior government official speaking to Moneycontrol.

30 Aug 2024

China

India should welcome Chinese investments, suggests Finance Commission Chairman

Arvind Panagariya, a renowned economist and the Chairman of the 16th Finance Commission, has suggested that India should welcome Chinese investments.

30 Aug 2024

Tesla

Elon Musk wins Dogecoin lawsuit: Judge dismisses 'pyramid scheme' claims

Elon Musk and his electric vehicle company, Tesla, have successfully cleared a lawsuit that accused them of artificially inflating the price of Dogecoin.

30 Aug 2024

Air India Express

Rising domestic airfares could disrupt your festive travel plans

The upcoming festive season of Dussehra and Diwali could be less joyous for Indian travelers due to a significant rise in airfares.

30 Aug 2024

Blinkit

Zepto's valuation surges to $5 billion ahead of IPO

Zepto, a leading player in the quick commerce sector, has successfully raised $340 million in a follow-on funding round.

30 Aug 2024

Stock Market

Sensex, Nifty reach all-time highs amid bullish domestic stock rally

The Indian equity benchmark indices, Sensex and Nifty, reached all-time high levels in early trade today.

30 Aug 2024

Air India

Vistara will operate its final flight on November 11

Vistara, the full-service airline, has announced that it will operate its last flight on November 11. This decision comes as part of the ongoing merger process with Air India.

30 Aug 2024

Air India

Modi government clears final hurdle in Air India-Vistara merger

The Indian government has approved a significant $276 million investment by Singapore Airlines, into the newly merged entity of Air India and Vistara.

29 Aug 2024

Mukesh Ambani

Reliance becomes first Indian firm to hit ₹10L crore revenue

Reliance Industries Limited (RIL) has set a new record, by becoming the first Indian company to surpass ₹10 lakh crore in annual revenues.

29 Aug 2024

Nita Ambani

Nita Ambani outlines Reliance Foundation's vision for 'Viksit Bharat'

Nita Ambani, the founder and Chairperson of the Reliance Foundation, has outlined her organization's vision for a 'Viksit Bharat' at the 47th Annual General Meeting of Reliance Industries Limited.

29 Aug 2024

Reliance Retail

Reliance Retail to enter luxury jewelry market, reveals Isha Ambani

Reliance Retail, a subsidiary of Reliance Industries Limited (RIL), has announced its foray into the luxury jewelry sector.

29 Aug 2024

Insurance

Understanding personal liability insurance in India

In today's fast-paced world, unforeseen incidents can lead to unexpected financial burdens. Personal liability insurance emerges as a crucial safeguard.

29 Aug 2024

Insurance

Evaluating life insurance needs for Indians

Life insurance is a critical component of financial planning. Yet many in India are either uninsured or underinsured.

29 Aug 2024

Personal Finance

Elevating financial savvy with DIY investing in India

In today's fast-paced world, managing personal finances and investing wisely has become crucial for financial security.

29 Aug 2024

Berkshire Hathaway

Berkshire Hathaway joins $1T club, first for non-tech US firm

Berkshire Hathaway, the conglomerate led by Warren Buffett, has achieved a market valuation of over $1 trillion.

29 Aug 2024

Microsoft

CrowdStrike lowers revenue forecasts after global IT outage

CrowdStrike has revised its revenue and profit projections for the year.

29 Aug 2024

Stock Market

Sensex, Nifty hit record highs amid IT, FMCG stocks surge

The benchmark indices Nifty and Sensex have reached new all-time highs today, marking their eleventh consecutive day of gains.

29 Aug 2024

Bengaluru

At 21, Zepto co-founder youngest on 2024 Hurun India Richlist

The latest edition of the Hurun India Richlist is now official.

29 Aug 2024

Swiggy

Swiggy Instamart appoints Flipkart veteran Amitesh Jha as new CEO

Swiggy has announced a significant leadership change at Instamart, its quick commerce venture.

29 Aug 2024

NVIDIA

$50B: NVIDIA announces one of S&P 500's biggest share buybacks

NVIDIA, a leading player in the chip industry, has announced a stock buyback worth $50 billion.

29 Aug 2024

OpenAI

OpenAI seeks billions in funding at over $100 billion valuation

OpenAI, the tech start-up behind the widely used ChatGPT, is reportedly in advanced talks to raise billions of dollars in a new funding round.

29 Aug 2024

Ford

After Harley-Davidson, Ford pumps brakes on DEI initiatives

Ford is reassessing its commitments to diversity, equity, and inclusion (DEI) initiatives.

Safeguarding against online fraud: Financial safety tips for Indians

In today's digital era, the threat of online fraud is significant, especially in India. The digital economy is rapidly expanding there.

28 Aug 2024

Personal Finance

Unlocking savings with seasonal produce shopping. Here's how

Shopping for seasonal produce is a wise strategy to save money while enjoying fresh and nutritious fruits and vegetables.

28 Aug 2024

Sensex

Understanding index funds for Indian investors

Index funds are a favored investment among Indian investors, allowing participation in the stock market without selecting individual stocks.