Business News

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25 Oct 2024

Tanzania

Billionaire Pankaj Oswal's daughter jailed in Uganda, denied basic hygiene

Vasundhara Oswal, the 26-year-old daughter of Indian-origin Swiss industrialist Pankaj Oswal, has been in detention in Uganda since October 1.

25 Oct 2024

Reliance Industries

Reliance's 1:1 bonus issue: Last day to double your shares

Reliance Industries, led by Mukesh Ambani, announced a 1:1 bonus share issue in September.

25 Oct 2024

Finance

Smart tips for choosing life insurance in India

Choosing the right life insurance policy is a crucial decision for securing your family's financial future.

25 Oct 2024

Finance

Tips to harness solar power for Indian homes

In India, plentiful sunshine makes solar power a no-brainer for reducing electricity bills and helping the environment.

25 Oct 2024

Finance

Understanding the new tax regime for Indian taxpayers

Launched in the 2020 budget, the new tax regime presents a choice for Indian taxpayers alongside the conventional system.

25 Oct 2024

Beijing

Sensex, Nifty plunge again: ₹8L crore wiped out from market

India's benchmark equity indices witnessed a major drop today, with the Sensex losing nearly 800 points and the Nifty slipping to 24,100 after dropping 300 points.

25 Oct 2024

Apple

Foxconn India invests ₹267cr to start iPhone 16 Pro production

Taiwanese electronics giant Foxconn has invested $31.8 million (approximately ₹267 crore) to prepare its Indian factory for the production of Apple's iPhone 16 Pro series.

24 Oct 2024

NVIDIA

TCS, NVIDIA join forces to accelerate AI adoption across industries

Tata Consultancy Services (TCS) has announced a strategic partnership with NVIDIA, the world's leading AI chipmaker.

Waaree Energies IPO: Here's how to check allotment status online

Waaree Energies Limited will finalize the allotment for its initial public offering (IPO) today.

23 Oct 2024

Finance

How to get a loan against mutual funds

In the world of finance, getting a loan against mutual funds has become a go-to move for Indian investors who need cash but don't want to sell their investments.

23 Oct 2024

Insurance

The significance of flood insurance coverage for Indian homes

Floods wreak havoc in India, particularly during the monsoon seasons. For countless homeowners, the yearly threat of inundation poses a significant challenge.

24 Oct 2024

Insurance

Understanding insurance for adventure sports in India

Indians are increasingly embracing adventure sports, with adrenaline junkies seeking the thrill of paragliding, bungee jumping, and scuba diving.

24 Oct 2024

Blinkit

Blinkit now offers EMI payment option for orders above ₹2,999

Blinkit, one of the top Indian quick-commerce companies, has launched an Equated Monthly Installment (EMI) payment option for its customers.

24 Oct 2024

Apple

Apple to hire 400 employees for new stores in India

Apple is looking to expand its retail business in India, aiming to hire as many as 400 people for its four new outlets, according to Moneycontrol.

24 Oct 2024

Federal Reserve

Silver prices may surge to ₹1.2 lakh by Diwali: Analysts

Silver prices in India crossed the ₹1 lakh mark this week, hitting a major milestone.

24 Oct 2024

PhonePe

PhonePe offering cashback on digital gold: How to avail

Leading digital payments platform PhonePe has announced an exclusive cashback offer on 24-karat digital gold purchases. The offer comes as part of the company's Dhanteras and Diwali celebrations.

24 Oct 2024

Bitcoin

Man claimed as Bitcoin's creator in HBO documentary now hiding

HBO's recent documentary, "Money Electric: The Bitcoin Mystery," sparked controversy by claiming that the mysterious creator of Bitcoin, Satoshi Nakamoto, is actually Peter Todd.

24 Oct 2024

Nifty

Over 5% drop: Nifty's October performance is worst in years

The Indian stock market, which was on a steady upward trajectory for the first nine months of 2024, is now witnessing a major downturn.

SEBI chief Madhabi Buch skips Parliamentary panel's questioning, meeting postponed

A crucial Public Accounts Committee (PAC) meeting was adjourned today after Securities and Exchange Board of India (SEBI) Chairperson, Madhabi Puri Buch, unexpectedly skipped it.

24 Oct 2024

Apple

Apple, Goldman Sachs fined $89M for misleading Apple Card users

The Consumer Financial Protection Bureau (CFPB) has fined tech giant Apple and financial institution Goldman Sachs a whopping $89 million.

24 Oct 2024

Boeing

Boeing's machinists reject latest contract offer, prolonging 6-week strike

Boeing's machinists have turned down the company's latest contract offer, extending a strike that has lasted for more than six weeks.

24 Oct 2024

Elon Musk

Tesla's Q3 profit surges by 17% to $2.17 billion

Tesla has posted a record 17.3% increase in its third-quarter net income.

23 Oct 2024

Swiggy

Swiggy introduces 'Seal' badge to ensure food hygiene, quality

In a bid to improve food hygiene and quality standards among its restaurant partners, Swiggy has launched a new initiative - the 'Swiggy Seal.'

23 Oct 2024

Mobikwik

MobiKwik has launched instant FDs with up to 9.5% returns

Leading payment platform MobiKwik has launched an instant fixed deposit (FD) product on its mobile app.

23 Oct 2024

India

India's entertainment industry lost ₹22,400cr to piracy last year: Report

India's entertainment industry lost a whopping ₹22,400 crore to piracy in 2023, according to a report by EY and the Internet and Mobile Association of India (IAMAI).

23 Oct 2024

Boeing

Boeing reports $6.17 billion quarterly loss amid ongoing challenges

American aerospace giant Boeing has reported a massive quarterly loss of $6.17 billion. This is the company's biggest quarterly deficit since 2020 when the COVID-19 pandemic crippled air travel.

23 Oct 2024

Uber

After US and Brazil, Uber India surpasses 1 million drivers

Uber has announced that it now has over one million drivers in India.

23 Oct 2024

Mukesh Ambani

Jio Financial and Allianz will set up an insurance company

Jio Financial Services, a company owned by billionaire Mukesh Ambani, is in talks with German insurance giant Allianz SE, as per Bloomberg. The talks are aimed at forming an insurance partnership in India.

23 Oct 2024

Finance

Navigating your digital estate: Simple tips for a lasting legacy 

In the modern digital era, taking care of your online stuff is just as important as managing your physical belongings.

23 Oct 2024

Finance

Understanding ESOPs for Indian employees

Indian startups and big companies love Employee Stock Option Plans (ESOPs). They give you a piece of the company you work for.

23 Oct 2024

Insurance

Tips to decode your insurance declarations page

In India, when you buy an insurance policy, the first document you get is the insurance declarations page.

23 Oct 2024

Starbucks

Starbucks menu overhaul: CEO promises simplification to revive sales

Starbucks has continued to witness a decline in its sales for the third consecutive quarter, leading to a drop in its shares by over 3% during extended trading.

23 Oct 2024

Stock Market

Why Goldman Sachs has downgraded Indian equities and Nifty's target

Goldman Sachs, a leading global brokerage firm, has tactically downgraded Indian equities from 'overweight' to 'neutral.'

23 Oct 2024

Volkswagen

Volkswagen fined $34.9M for unfair lending practices in UK

Volkswagen Group UK's financial services division has been ordered to pay $34.9 million in fines and compensation, after an investigation by the Financial Conduct Authority (FCA).

23 Oct 2024

BCCI

Supreme Court overturns NCLAT's approval of BYJU'S-BCCI settlement: Here's why

The Supreme Court of India has overturned the National Company Law Appellate Tribunal's (NCLAT) decision that approved a ₹158 crore settlement between edtech firm BYJU'S and the Board of Control for Cricket in India (BCCI).

23 Oct 2024

Zomato

Zomato increases platform fee to ₹10 amid festive season rush

Gurugram-based food delivery giant Zomato has increased its platform fee from ₹6 to ₹10 per order for the festive season.

23 Oct 2024

OpenAI

Who is Aaron Chatterji, OpenAI's first chief economist

OpenAI, a leading artificial intelligence research lab, has appointed Aaron Chatterji as its first-ever chief economist.

23 Oct 2024

Nita Ambani

Reliance-Disney mega media entity set for November launch

The merger between Reliance Industries's Viacom18 and Walt Disney's Star India is likely to be completed by early November, according to the Economic Times.

23 Oct 2024

Paytm

After 8-month freeze, Paytm can now onboard new UPI users

Paytm, one of India's leading financial services companies, has received the green signal from the regulator to resume onboarding of new Unified Payments Interface (UPI) users.

22 Oct 2024

Finance

Tips to navigate family finances with joint accounts

In India, the responsibility of managing family finances is often shared by several members of the household.