Business News

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

04 Sep 2024

McDonald's

McDonald's India to introduce nutritious burgers?

McDonald's India, in collaboration with the CSIR-Central Food Technological Research Institute (CSIR-CFTRI), is set to introduce burgers featuring a unique multi-millet bun.

New UPI feature lets you deposit cash directly at ATMs 

The Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) have jointly launched a new feature called UPI Interoperable Cash Deposit (UPI-ICD).

04 Sep 2024

Federal Reserve

Japanese stocks tumble amid tech sell-off and US recession features

Japanese stocks have experienced their most significant drop since entering a bear market a month ago.

04 Sep 2024

Jensen Huang

NVIDIA CEO loses $10 billion in biggest wealth wipeout

Jensen Huang, the CEO of NVIDIA, has experienced a significant decrease in his net worth due to a slump in chip stocks and an ongoing antitrust investigation by the US Justice Department.

SEBI officials flag 'toxic, humiliating' work culture to Modi government

Officials from the Securities and Exchange Board of India (SEBI) have lodged a complaint with the Finance Ministry, alleging a toxic work environment within the organization.

04 Sep 2024

Evan Spiegel

Revenue woes force Snapchat to put ads in chat conversations

Snapchat CEO Evan Spiegel has announced the company's plan to experiment with sponsored messages, or "Sponsored Snaps," within chat threads from friends.

04 Sep 2024

Infosys

Infosys yet to offer joining dates to 700 freshers

Approximately 700 new recruits are still awaiting their joining dates from Indian IT giant Infosys, despite over 2,000 of their peers receiving final offer letters.

04 Sep 2024

Nifty

What's behind the sharp drop in Indian stocks today

India's benchmark equity indices, the Sensex and Nifty 50, opened lower on Wednesday.

04 Sep 2024

Intel

NVIDIA stock plummets 9.5%, wiping out $279B in market value

NVIDIA has experienced a significant 9.5% drop in its stock value, resulting in a loss of $279 billion from the company's market capitalization.

03 Sep 2024

Mutual Funds

Importance of building a financial cushion with side hustles

In today's economy, a single income often doesn't cover financial goals and emergencies.

03 Sep 2024

Insurance

Demystifying travel insurance for Indian globetrotters

Many Indian travelers often overlook travel insurance, yet it's an essential part of planning any trip abroad.

03 Sep 2024

Insurance

Understanding the concept of insurance nominees

When purchasing an insurance policy, one essential step is nominating someone to claim the benefits if you're not there.

03 Sep 2024

Fintech

India's fintech sector to mint 150 unicorns by 2030: Report

India's financial technology (fintech) sector is set to witness a significant surge, with an estimated 150 unicorns emerging by 2030.

03 Sep 2024

SoftBank Group

SoftBank-backed B2B e-commerce platform eyes $1B IPO in India

OfBusiness, an Indian B2B e-commerce platform supported by SoftBank Group, is preparing for a potential initial public offering (IPO) in the country.

Robust policy, talent pool make Tamil Nadu an AI hub

Tamil Nadu is fast becoming a major hub for artificial intelligence (AI) in India.

New PPF rules effective October 1: How they impact you

The Department of Economic Affairs, under the Ministry of Finance, has announced new guidelines for Public Provident Fund (PPF) accounts.

03 Sep 2024

Social Media

25-year-old start-up founder ends up in hospital, blames 'hustle culture'

Kritarth Mittal, the 25-year-old founder of the popular app Soshals, has experienced a health crisis due to his unhealthy lifestyle choices.

TRAI silences over 2.75 lakh spam callers in 14 days

The Telecom Regulatory Authority of India (TRAI) has taken stringent action against spam calls and messages in the past two weeks.

03 Sep 2024

Russia

Mysterious Russian company vanishes after posting eye-watering $37B profit

Banknota LLC, a Russian company that reported a staggering profit of $37.1 billion last year, has mysteriously disappeared.

03 Sep 2024

Bengaluru

Reliance, Google-backed Dunzo lays off 75% of its workforce

Dunzo, the Bengaluru-based online delivery start-up backed by Reliance and Google, has reportedly laid off 75% of its workforce.

03 Sep 2024

Warren Buffett

Warren Buffett's real-time net worth is astonishing

Warren Buffett, the CEO of Berkshire Hathaway Inc., is renowned for his investment prowess and philanthropic efforts.

03 Sep 2024

Rihanna

A look into Rihanna's billion-dollar empire

Rihanna, a Barbadian singer, actress, and entrepreneur, has built a $1.4 billion empire by 2024.

03 Sep 2024

Bill Gates

Find out Bill Gates' real-time net worth

Bill Gates, synonymous with the digital revolution, has been on the world's wealthiest list for decades.

03 Sep 2024

India

Navigating RTO services for new drivers in India

For new drivers in India, navigating the Regional Transport Office (RTO) services can seem daunting.

58% of Indian employees suffering from high burnout rates: Survey

A recent study has revealed that at least 58% of Indian employees are experiencing high burnout rates.

03 Sep 2024

Startups

Space start-up seeks ₹50cr funding, projects ₹100cr revenue next fiscal

SpaceZone India, a Chennai-based space technology start-up, launched its first reusable hybrid rocket, Rhumi-1 last month.

03 Sep 2024

Dailyhunt

Dailyhunt parent acquires marketing agency ValueLeaf, eyes $100M revenue

VerSe Innovation, the tech firm behind popular platforms Dailyhunt and Josh, has acquired a majority stake in ValueLeaf Group.

03 Sep 2024

Gujarat

First chip from Gujarat's ₹3,300cr semiconductor facility eyes 2025 launch

Kaynes Semicon, a subsidiary of Kaynes Technology, is set to produce its inaugural commercial chip from its new outsourced semiconductor assembly and test (OSAT) facility in Sanand, Gujarat.

World Bank raises India's growth forecast to 7% for FY25

The World Bank has revised India's growth forecast for the fiscal year 2025, raising it from an initial projection of 6.6% to a more optimistic figure of 7%.

03 Sep 2024

Audi

Audi executive dies after 10,000-foot fall while mountaineering in Italy

Fabrizio Longo, the 62-year-old CEO of Audi Italy, tragically lost his life in a mountain climbing accident on Cima Payer in the Adamello mountains.

IIM-A executive MBA's highest salary package drops to 6-year low

The Indian Institute of Management, Ahmedabad (IIM-A), has reported a significant decrease in the maximum earning potential (MEP), for its one-year MBA program for executives (PGPX).

03 Sep 2024

Infosys

After 2-year delay, Infosys gives joining dates to 1,000 freshers

Infosys, a leading global IT services company, has finally issued joining dates to over 1,000 engineering graduates.

Premier Energies shares list with 120% premium over IPO price

Premier Energies, a leading solar solutions provider, made an impressive debut on the stock market today.

03 Sep 2024

IIT Bombay

IIT Bombay placements: Minimum salary package drops to ₹4 LPA

A recent placement drive at the prestigious Indian Institute of Technology Bombay (IIT-Bombay) has sparked concern due to a significant drop in the minimum salary package offered to fresh graduates.

Rama Mohan Rao Amara will be SBI's next Managing Director

The Financial Services Institutions Bureau (FSIB), the recruitment body for directors of state-owned banks and financial institutions, has proposed Rama Mohan Rao Amara as the new Managing Director of State Bank of India (SBI).

02 Sep 2024

Air India

Air India to offer in-flight Wi-Fi starting with Delhi-London route

Air India has announced plans to introduce in-flight Wi-Fi services on its flights, beginning with the A350 aircraft operating between Delhi and London (Heathrow).

02 Sep 2024

Congress Party

No payment to Buch after appointment as SEBI chief: ICICI

ICICI Bank has denied allegations made by the Congress party, that Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch continued to receive a salary from ICICI, after her retirement.

02 Sep 2024

Solar Energy

Billionaire Nithin Kamath backs start-up democratizing access to solar energy

Billionaire Nithin Kamath, the co-founder of Zerodha, has announced an investment in SundayGrids, a Bengaluru-based start-up focused on addressing India's solar power harvesting challenges.

SEBI puts JSW Cement's ₹4,000 crore IPO on hold

The Securities and Exchange Board of India (SEBI) has temporarily halted the planned initial public offering (IPO) of JSW Cement, valued at ₹4,000 crore.

02 Sep 2024

Ashwini Vaishnaw

Centre approves ₹14,000 crore for 7 major agricultural schemes

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved an expenditure of approximately ₹14,000 crore for seven significant agricultural programs.