Business News
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30 Sep 2024
Reserve Bank Of India (RBI)India's fiscal deficit stands at ₹4.35 lakh crore from April-August
India's fiscal deficit from April to August 2024 stood at ₹4.35 lakh crore, accounting for 27% of the yearly estimate, according to government data released today.
30 Sep 2024
ChinaChinese stocks witness bull market after biggest surge since 2008
Chinese stocks have been on a hot streak for nine days straight, officially entering bull market territory. This surge is mainly thanks to the government's stimulus measures.
30 Sep 2024
Cardiac ArrestHow HCL reacted to an employee's death at Nagpur office
A senior analyst at HCL Technologies, Nitin Edwin Michael, tragically passed away after suffering a cardiac arrest at the company's Nagpur office.
30 Sep 2024
AppleTata's iPhone plant halts production indefinitely after major fire incident
A recent fire incident has led to an indefinite halt in production at a Tata Electronics plant in Tamil Nadu, which manufactures components for iPhones.
30 Sep 2024
PhonePeYou can now invest ₹10/day in digital gold via PhonePe
PhonePe has teamed up with micro-savings platform Jar to roll out a new product called 'Daily Savings.'
30 Sep 2024
XAcquired for $44B, Elon Musk's X now valued below $10B
Fidelity, the investment firm that helped Elon Musk buy Twitter, which is now called X, has slashed its valuation of the company by a big margin.
30 Sep 2024
India88% Indian employees contacted by employers outside work hours: Survey
A recent survey by global job platform Indeed, has revealed that 88% of Indian employees get pinged by their employers outside of work hours.
30 Sep 2024
IndiaUpcoming wedding season to boost India's economy by ₹5.9L crore
India's economy is all set for a big boost. The upcoming wedding season is expected to generate a whopping ₹5.9 lakh crore in business.
30 Sep 2024
Stock MarketIndian stock market crashes, investors lose nearly ₹3 lakh crore
India's benchmark equity indices took quite a hit today, with the Sensex diving by 1,200 points and the Nifty slipping below the 26,000 mark.
30 Sep 2024
Stock MarketRetail investors offload shares worth ₹7,500 crore in September
Retail investors have unloaded shares worth more than ₹7,500 crore in September 2024, making it the biggest sell-off since March of this year.
30 Sep 2024
OpenAIOpenAI's for-profit transformation: What are the challenges ahead
OpenAI has decided to make a pretty big shift from being a non-profit to going fully for-profit.
30 Sep 2024
Central GovernmentDA hike in October: How much will your salary increase?
Central government employees are keeping their fingers crossed for an announcement about a dearness allowance (DA) hike, that could give their salaries a nice little boost.
30 Sep 2024
Central Board of Direct Taxes (CBDT)Income Tax audit report submission date extended: Check new deadline
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing various audit reports, including the income tax audit report, for the previous year 2023-24.
30 Sep 2024
Stock MarketFPIs invest nearly $7 billion in Indian equities in September
Foreign portfolio investors (FPIs) have pumped in almost $7 billion into Indian equities in September, marking the highest level of net buying since December 2022.
30 Sep 2024
Bombay Stock Exchange (BSE)Manba Finance lists with 25% premium after overwhelming IPO subscription
Manba Finance Limited has made a solid debut on the Bombay Stock Exchange (BSE) today, with shares listing at ₹150 each.
30 Sep 2024
Ashneer GroverBharatPe and Ashneer Grover resolve legal dispute: Know settlement details
Fintech company BharatPe and its co-founder Ashneer Grover have finally reached a definitive settlement, putting an end to a lengthy and highly publicized dispute.
29 Sep 2024
Piyush GoyalPLI scheme to boost employment by 40%, says Piyush Goyal
India's Commerce and Industry Minister, Piyush Goyal, is optimistic about the job market, predicting a whopping 40% boost in job creation thanks to investments from the Production Linked Incentive (PLI) scheme.
29 Sep 2024
AppleForensic probe begins into Tata's iPhone plant after fire incident
A forensic investigation is now underway into the fire, that broke out at Tata Electronics' Hosur factory in Tamil Nadu on Saturday.
29 Sep 2024
Indian GovernmentModi government planning regulatory mechanism for monitoring FDIs
The Indian government is mulling over setting up a foreign investment regulatory mechanism.
29 Sep 2024
Bombay Stock Exchange (BSE)Indian stock market to remain closed on October 2
India's top stock exchanges, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), will be shutting shop on Wednesday, October 2 on the account of Gandhi Jayanti.
29 Sep 2024
AppleJudge rejects Apple's plea for deadline extension in Epic lawsuit
In the ongoing legal battle between Epic Games and Apple, a US judge has dismissed Apple's request for more time to produce approximately 1.3 million documents, related to App Store modifications implemented in January.
29 Sep 2024
IndiaDeloitte targets $5 billion revenue from India by 2030
Deloitte, a top global accounting firm, is aiming high with a new target: to quadruple its revenue from its Indian operations to $5 billion (around ₹40,000 crore) by 2030.
29 Sep 2024
Reliance IndustriesMarket cap of India's top 8 companies surges ₹1.21L crore
The combined market capitalization of eight out of the top 10 most valued firms in India, saw a significant surge last week.
28 Sep 2024
SwiggySwiggy's Rohit Kapoor denounces 'hustle culture' in India, netizens applaud
At the TechSparks 2024 event in Bengaluru, Rohit Kapoor, CEO of Swiggy Food and Marketplace, expressed his strong opposition to the prevailing "hustle culture."
28 Sep 2024
IndiaIndia's quick commerce industry registers 280% growth in 2 years
According to a report by Chryseum, India's quick commerce industry has witnessed an explosive growth of over 280% in sales in just two years.
28 Sep 2024
IndiaWhy do Indians hate the wealthy? Zerodha's Nithin Kamath explains
Zerodha's co-founder, Nithin Kamath, has been pretty vocal about his views on how some folks in India seem to have a negative vibe toward the rich and entrepreneurs.
28 Sep 2024
Initial Public Offering (IPO)IPO market to witness 3 issues, 12 listings next week
Next week, India's primary market is gearing up for the launch of three initial public offerings (IPOs) in the small and medium-sized enterprises (SME) segment.
28 Sep 2024
BookMyShowPolice summons BookMyShow CEO over alleged Coldplay ticket black marketing
Ashish Hemrajani, the CEO of Big Tree Entertainment (BookMyShow's parent company), and the firm's technical head have received summons from the Mumbai Police's Economic Offences Wing (EOW).
28 Sep 2024
AfricaTata to set up 1st overseas defense plant in Morocco
Tata Advanced Systems Ltd (TASL), a Tata Group company, is gearing up to set up its first big defense manufacturing facility outside India, and it's happening in Casablanca, Morocco.
28 Sep 2024
US Department of JusticeBinance founder Changpeng Zhao released after 4-month jail sentence
Changpeng "CZ" Zhao, the brain behind Binance, was released from a low-security US correctional facility on Friday after wrapping up a four-month sentence.
28 Sep 2024
National Stock ExchangeNSE to conduct a mock trading session today
The National Stock Exchange (NSE) has decided to hold a mock trading session today from 12:00pm.
28 Sep 2024
AppleApple no longer interested in joining OpenAI's $6.5B funding round
Apple has pulled out of negotiations to join a funding round for ChatGPT maker OpenAI, as per the Wall Street Journal.
27 Sep 2024
Indian EconomyRBI poised to cut interest rate starting December: UBS report
The Reserve Bank of India's Monetary Policy Committee (MPC) is expected to initiate a reduction in interest rate from December this year, as per a report by UBS.
27 Sep 2024
WeWorkWeWork's plan to offload stake in Indian unit falls through
WeWork's strategy to sell its 27% stake in its Indian subsidiary has been unsuccessful, despite receiving approval from the Competition Commission of India (CCI).
27 Sep 2024
OpenAIAltman denies major equity stake in OpenAI amid for-profit transition
OpenAI's CEO, Sam Altman, has dismissed rumors of him acquiring a substantial equity stake in the company.
27 Sep 2024
Initial Public Offering (IPO)Amitabh Bachchan to KJo: The star-studded cast of Swiggy's IPO
Swiggy, a leading food and grocery delivery platform, has attracted significant investment from prominent figures in the entertainment, sports, and business sectors.
27 Sep 2024
DellDell wants global sales team in-office 5 days a week
Dell Technologies has announced a major change in its work policy for the global sales team.
27 Sep 2024
HDFC BankHDFC Bank sells ₹15,060 crore loan assets amid regulatory pressures
HDFC Bank has sold a housing loan portfolio worth ₹6,000 crore and car loans valued at ₹9,060 crore. The move is part of the bank's strategy to reduce its credit load amid regulatory pressures on the industry.
27 Sep 2024
AppleJapan's biggest chip equipment maker plans expansion in India
Tokyo Electron, Japan's leading chip equipment manufacturer, is planning to expand its operations in India.
27 Sep 2024
Indian EconomyForeign investors pour $5.9 billion into Indian markets in September
India has emerged as a leading destination for foreign portfolio investors (FPIs), attracting a net investment of $5.9 billion into domestic stocks this month alone, according to Bloomberg data.
