Business News

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29 Oct 2024

Lawsuits

Now CrowdStrike is suing Delta over flight disruption claims

Cybersecurity firm CrowdStrike has filed a lawsuit against Delta Air Lines in the US District Court in Georgia.

29 Oct 2024

Reliance Industries

Jio Finance app now allows you to buy digital gold

Reliance Industries' Jio Financial Services (JFSL) has launched a new feature, SmartGold, on its JioFinance app.

29 Oct 2024

Google

'Sugar daddy effect': Why some venture funds succeed, others fail

Aswath Damodaran, a well-known Professor of Finance at New York University's Stern School of Business, has brought the term 'sugar daddy effect' to the financial industry.

29 Oct 2024

Ireland

TCS signs 15-year deal to digitize Ireland's pension system

Tata Consultancy Services (TCS) has won a 15-year contract to digitally transform the pension system of Ireland.

29 Oct 2024

Donald Trump

Robinhood trading app now allows betting on US election results

Robinhood, the US-based financial services company, has launched a new feature enabling users to trade contracts, based on the expected outcome of the upcoming presidential election between Donald Trump and Kamala Harris.

29 Oct 2024

BigBasket

Dhanteras: Blinkit, BigBasket delivering gold coins in just 10 minutes 

Quick commerce platforms like Swiggy Instamart, Blinkit, BigBasket and Zepto are promising to deliver gold and silver coins to customers in 10 minutes on the occasion of Dhanteras today.

29 Oct 2024

Jio

This Jio Financial-subsidiary can now operate as online payment aggregator

Jio Payment Solutions Limited (JPSL), a fully-owned subsidiary of Jio Financial Services, has received the Reserve Bank of India's (RBI) nod to operate as an online payment aggregator.

29 Oct 2024

Apple

Apple's iPhone 16 is now banned in Indonesia: Here's why

Indonesia has halted the marketing and sale of Apple's latest model, the iPhone 16.

29 Oct 2024

Boeing

Why Boeing has sold shares worth $21 billion

Boeing has raised nearly $21 billion through an expanded share sale, making it one of the largest capital increases by a public company.

29 Oct 2024

JP Morgan

JPMorgan's infinite money glitch: Customers withdrew funds before check clearance

JPMorgan Chase, the largest bank in the US, has filed a lawsuit against a number of customers for check fraud.

29 Oct 2024

Apple

Apple has exported made-in-India iPhones worth $6B this year

Apple's iPhone exports from India have jumped by a whopping one-third in the last six months ending September.

29 Oct 2024

Bitcoin

Bitcoin's price touches 4-month high of $71,310: What's fueling rally?

Bitcoin's value has soared beyond the $71,000 mark for the first time since June 2024.

28 Oct 2024

Boeing

Boeing initiates $19B share sale to prevent credit rating downgrade

Boeing has launched a nearly $19 billion stock sale, one of the largest ever by a public company.

28 Oct 2024

Volkswagen

Volkswagen shutting 3 German factories, laying off thousands of employees

Volkswagen, Europe's largest carmaker, is planning a major restructuring involving the closure of at least three factories in Germany, and layoffs of tens of thousands of employees.

28 Oct 2024

Bharti Airtel

Bharti Airtel appoints COO Shashwat Sharma as new CEO

Leading telecommunications company Bharti Airtel has announced the appointment of Shashwat Sharma, as its new Managing Director and Chief Executive Officer.

28 Oct 2024

Finance

What is Digital Rupee? Understanding its features and advantages

Crypto is making us reimagine money, but in India, the Digital Rupee is the real game-changer.

28 Oct 2024

Finance

A guide to master health expenses with home remedies

In India, where healthcare can often be prohibitively expensive, people are increasingly relying on home remedies as a cost-effective way to treat minor ailments.

28 Oct 2024

Finance

Unveiling e-commerce transaction insurance for Indian shoppers

The digital revolution has made online shopping a way of life for Indians.

28 Oct 2024

Diwali

Gold rush: Investments doubled in just 5 years

A study by Motilal Oswal Financial Services Ltd (MOFSL) has revealed that gold investments made during Diwali in 2019, have yielded returns exceeding 103% as of today.

Waaree Energies stocks listed at 70% premium: Should you buy?

Waaree Energies Ltd made a strong debut on the stock market today, with its shares listing at ₹2,500 per stock on the National Stock Exchange (NSE).

28 Oct 2024

India

Gold prices soar 30% since last Dhanteras: Time to invest?

Gold prices have skyrocketed nearly 30% since the last Dhanteras, on November 10, 2023. The price per 10gm has jumped from ₹60,750 to around ₹80,000.

28 Oct 2024

Tata

Tata ventures into quick commerce category with 'Neu Flash' service

The Tata Group is gearing up to enter the fast-growing quick commerce space with a new service called 'Neu Flash.'

28 Oct 2024

Airbus

India's first private military aircraft plant inaugurated: Why it's game-changing

Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez have inaugurated the Tata Aircraft Complex in Vadodara.

27 Oct 2024

Indian Air Force

First India-made C-295 military aircraft to roll out in 2026

The first C-295 military aircraft, made in India, is likely to roll out of the Vadodara facility in September 2026.

RBI Governor bags top central banker award 2 years back-to-back

Reserve Bank of India (RBI) Governor, Shaktikanta Das, has been awarded an A+ grade in the Central Bank Report Cards 2024.

27 Oct 2024

Diwali

These companies will be listed on stock market next week

The primary market is poised for a pause with no new initial public offerings (IPOs) lined up for the next week.

27 Oct 2024

Ratan Tata

Ratan Tata believed Noel needed more experience to succeed him

Former Tata Sons Chairman Emeritus Ratan Tata thought his half-brother Noel Tata needed more exposure and experience to succeed him.

27 Oct 2024

India

India Inc's revenue growth dips to 16-quarter low: Report

India Inc's revenue growth has slowed to a range of 5-7% in the second quarter (Q2) of FY25, the slowest pace in the last 16 quarters.

27 Oct 2024

Mutual Funds

These mutual funds delivered up to 56% returns in 1-year

Business cycle mutual funds have emerged as a strong player in the investment sector, delivering impressive returns of between 32% and 56% over the past year.

27 Oct 2024

Bharti Airtel

Market cap of India's top 9 companies plunges ₹2L crore

Nine of India's top 10 most valued companies have witnessed a massive erosion in their market valuation last week. The total loss stands at an eye-watering ₹2,09,952.26 crore.

26 Oct 2024

Employment

ESIC records 6.8% rise in formal job creation this August

The Employees' State Insurance Corporation (ESIC) recorded a 6.8% rise in formal job creation in August, with 2.07 million jobs created.

26 Oct 2024

Foreign Investment

FPIs sell Indian equities worth ₹85,790 crore in October

Foreign portfolio investors (FPIs) have sold Indian equities worth ₹85,790 crore in October 2024. The massive sale has wiped out a major chunk of the total inflows for the year.

26 Oct 2024

ICICI Bank

ICICI Bank's Q2 net profit surges 14.5% to ₹11,746 crore

India's second-largest private lender, ICICI Bank, has reported a whopping 14.5% jump in its standalone net profit for the September quarter.

26 Oct 2024

Cybersecurity

Delta sues CrowdStrike over 'catastrophic' software update disrupting 7,000 flights

Delta Air Lines has sued cybersecurity company CrowdStrike after a global outage in July resulted in mass flight cancelations.

Corporates can now file income tax return till November 15

The Central Board of Direct Taxes (CBDT) has announced a 15-day extension for submitting corporate income tax returns.

26 Oct 2024

Apple

NVIDIA hits $3.53 trillion, overtakes Apple as top-valued company globally

NVIDIA has dethroned Apple to become the world's most valuable company, following an unprecedented stock rally fueled by high demand for its specialized artificial intelligence (AI) chips.

26 Oct 2024

Boeing

Boeing is considering selling parts of its space business: Report

Boeing, a longtime NASA contractor, is said to be considering the sale of certain parts of its space operations.

25 Oct 2024

Ministry of Finance

Finance Ministry doubles PMMY loan limit to ₹20 lakh

The Indian Finance Ministry has announced a major hike in the loan limit under the Pradhan Mantri Mudra Yojana (PMMY).

25 Oct 2024

Reliance Jio

Reliance Jio 'Diwali Dhamaka': Get benefits worth ₹3,350 on recharges

Reliance Jio has unveiled a new promotional scheme, the 'Diwali Dhamaka' offer, for its Indian customers.

25 Oct 2024

IndiGo

India's top airline posts ₹987 crore loss in Q2

InterGlobe Aviation Limited, the parent company of IndiGo airline, has posted a net loss of ₹987 crore for the quarter ending September 30.