Business News

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

01 Nov 2024

Finance

Navigating financial uncertainties: Essential role of a rainy day fund

Life is full of uncertainties, and financial emergencies can arise unexpectedly. This is why a rainy day fund is essential for Indian households.

01 Nov 2024

Insurance

Insurance guide for Indian gig workers

India's gig economy is booming, providing flexibility and independence. However, it also presents challenges in terms of financial stability and insurance.

India's forex reserves decline to $684.8 billion in October 

India's foreign exchange (forex) reserves have declined by $3.4 billion, reaching $684.8 billion as of October 25, the Reserve Bank of India (RBI) data showed.

Auto top-up for UPI Lite now live: How to use

Unified Payments Interface (UPI) Lite users are in for two major updates that will make their digital payment experience even better.

01 Nov 2024

GST

GST collections in October hits 6-month high of ₹1.87L crore

India's Goods and Services Tax (GST) collections for October 2024 have hit a six-month high of ₹1.87 lakh crore, an annual growth of 8.9%.

01 Nov 2024

Sensex

Muhurat trading: How to invest without a demat account today

Muhurat trading, a special stock trading session on Diwali evening, is seen as an auspicious time to invest for the long-term.

01 Nov 2024

Swiggy

Swiggy among 4 IPOs launching next week: Check complete list

The stock market is in for a busy spell post-Diwali with a number of high-profile initial public offerings (IPOs) lined up for launch.

01 Nov 2024

Boeing

Boeing strike nears end as union backs new contract proposal

US aviation giant Boeing has made an enhanced contract offer to its striking workforce.

01 Nov 2024

Amazon Web Services

Amazon's Q3 profit surges by 55% to over $15 billion

Amazon has reported a whopping 55.2% increase in its third-quarter profit, largely due to the strong performance of its cloud computing division, Amazon Web Services (AWS).

01 Nov 2024

Apple

Apple beats market expectations with nearly $95 billion Q4 revenue 

Apple has released its financial results for the fourth quarter of 2024, reporting a revenue of $94.93 billion.

01 Nov 2024

Elon Musk

Why Musk may lose US citizenship and face criminal charges

SpaceX and Tesla CEO Elon Musk could face legal repercussions over his US citizenship.

01 Nov 2024

Disney+ Hotstar

European Commission approves Reliance-Disney merger deal

The European Commission has approved the merger of Reliance Industries and Walt Disney

01 Nov 2024

Intel

Intel posts $16.6B quarterly loss, its biggest in 56-year-long history

Intel, one of the world's leading chipmakers, has posted its biggest-ever quarterly loss in its 56-year-long history.

01 Nov 2024

LPG Cylinder

LPG price hike: 19kg commercial cylinder becomes costlier by ₹62

Oil marketing companies have announced a price hike for commercial LPG cylinders, effective from today.

31 Oct 2024

Uber

Uber posts record operating profit of $1.06 billion in Q3

Uber Technologies has posted a record operating profit of $1.06 billion for the third quarter ending September 30, beating expectations.

31 Oct 2024

Stock Market

Nifty crashes 6.2% in October, steepest decline since March 2020

The Nifty 50 has seen a sharp fall of 6.22% to settle at 24,205 in October, its worst monthly fall since March 2020.

31 Oct 2024

Rajeev Chandrasekhar

BPL Group founder TPG Nambiar passes away at 94

TPG Nambiar, the founder of Indian electronics company BPL Group, has died. He was 94.

31 Oct 2024

BYD

BYD's revenue surpasses Tesla for first time amid EV competition

Chinese automaker BYD has posted a quarterly revenue that exceeded Tesla's for the first time, a major milestone in the global electric vehicle (EV) market.

Swiggy's IPO attracts bids worth $15 billion from global investors

Leading Indian food and grocery delivery platform Swiggy has drawn more than $15 billion in bids for its upcoming initial public offering (IPO) in India.

31 Oct 2024

Samsung

Samsung's Q3 profit surges by nearly 280% to $6.6 billion

Samsung Electronics has posted a whopping 277% jump in its operating profit for the third quarter of 2024, hitting $6.6 billion.

31 Oct 2024

Swiggy

Indian IPOs break record with ₹1.22L crore fundraising in 2024

The Indian market has experienced a record-breaking year for initial public offerings (IPOs) in 2024, with funds raised exceeding ₹1.22 lakh crore.

31 Oct 2024

Microsoft

Microsoft's gaming revenue soars despite declining Xbox hardware sales

Microsoft has reported a massive jump in its software gaming revenues for Q1 2025.

31 Oct 2024

HDFC Bank

HDFC Bank's NBFC arm files for ₹12,500 crore IPO

HDB Financial Services, the non-banking financial company (NBFC) subsidiary of HDFC Bank, has filed for an initial public offering (IPO) of up to ₹12,500 crore ($1.49 billion).

31 Oct 2024

Facebook

Meta posts $40.6 billion revenue in best quarterly performance ever

Meta, the parent company of Facebook and Instagram, has posted a record revenue of $40.58 billion for Q3 2024. This is a whopping 19% increase from last year's numbers.

Stock market open on Diwali? Check Muhurat trading schedule 

India's leading stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), have announced a special one-hour Muhurat trading session on November 1.

31 Oct 2024

Layoff News

Dropbox lays off 20% of workforce amid slowing business growth

Dropbox, the popular cloud storage company, has announced a 20% cut in its workforce.

30 Oct 2024

Indian Government

India's fiscal deficit narrows to ₹4.75L crore in H1 FY25

India's fiscal deficit for the first half of the ongoing financial year (April-September) has been pegged at ₹4.75 lakh crore, or 29.4% of annual estimates. This is a notable decline from last year's 39.3%.

30 Oct 2024

Donald Trump

Trump Towers' demand surges in India amid US election uncertainty

As former US President Donald Trump competes for a second term in the upcoming November 5 elections, his real estate businesses are getting a major boost in India.

30 Oct 2024

TikTok

TikTok founder becomes China's richest, but country's billionaires count declines

Zhang Yiming, the 41-year-old co-founder of TikTok's parent company ByteDance, has been named China's richest person.

30 Oct 2024

Elon Musk

Musk, father of 11, secretly purchased $35M property for family

Tesla and SpaceX CEO Elon Musk has reportedly bought a $35 million luxury compound in Austin, Texas.

NSE's client base crosses 20 crore mark, Maharashtra leads

The National Stock Exchange (NSE) has seen massive growth in its client base, crossing the 20 crore mark.

30 Oct 2024

Indian Government

Modi government to notify data protection rules before Maharashtra polls

The Indian government will soon announce its long-awaited administrative rules on personal data protection, a top lawmaker said to the Economic Times.

30 Oct 2024

Stock Market

Why the Indian share market is down today

India's stock indices witnessed a sell-off pressure today.

30 Oct 2024

Google

Google parent reports 15% growth in Q3, revenues reach $88B

Alphabet, the parent company of Google, has posted its third straight quarter of better-than-expected earnings.

30 Oct 2024

Donald Trump

Trump's Truth Social is now more valuable than Musk's X

Donald Trump's social media venture, Truth Social, has overtaken Elon Musk's X in terms of market value.

30 Oct 2024

Amazon

Work from office thrice-a-week or leave: Starbucks warns corporate employees

Starbucks has warned its corporate employees that they could lose their jobs if they don't comply with the company's hybrid work policy.

30 Oct 2024

Reddit

Reddit has become profitable for the first time

Reddit has announced its first-ever profit in the company's nearly two-decade-long history.

30 Oct 2024

OpenAI

OpenAI collaborates with Broadcom, TSMC for 1st in-house AI chip

OpenAI, the tech giant behind ChatGPT, is working with Broadcom and Taiwan Semiconductor Manufacturing Company (TSMC) to create its first in-house chip.

30 Oct 2024

Elon Musk

Elon Musk's xAI wants to raise funds at $40B valuation

Elon Musk's artificial intelligence (AI) start-up, xAI, is looking for new funding at a valuation of around $40 billion.

29 Oct 2024

OpenAI

Sierra, AI start-up by OpenAI chair, now valued at $4.5B

Sierra, the AI software start-up, has raised $175 million in its latest round of funding.