Business News
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25 Nov 2024
AndroidIndia's antitrust probe may expose Apple's app store secrets
The Competition Commission of India (CCI) has denied Apple's request to stay an investigation report that alleges the tech giant violated competition laws.
25 Nov 2024
MeitYIndian-Chinese JVs may be eligible for ₹40,000cr electronics component scheme
The Ministry of Electronics and Information Technology (MeitY) is finalizing a cabinet note for the electronics component-manufacturing scheme, estimated to cost around ₹40,000 crore.
25 Nov 2024
AmazonWhy Amazon workers will go on strike this Black Friday
Thousands of Amazon workers in over 20 countries are gearing up to strike or protest on Black Friday.
25 Nov 2024
Federal ReserveGold prices dip after 3-week high: Should you buy?
Gold prices fell on Monday, November 25, after hitting a three-week high earlier in the day.
25 Nov 2024
AmazonAmazon India to launch 'Tez' quick commerce service in December
Amazon India is gearing up to launch its quick commerce delivery service, tentatively called 'Tez,' by late December or early next year.
25 Nov 2024
AppleApple expands manufacturing in India to avoid Trump's Chinese tariffs
Apple is doubling down on its efforts to move component manufacturing from China to India, as part of a strategy to avoid possible tariff hikes on Chinese imports.
25 Nov 2024
SensexSensex surges over 1,300 points: What is driving today's rally
India's benchmark indices, the Nifty and Sensex, surged sharply on Monday.
24 Nov 2024
Fraud CasesEx-ASCI project director charged with ₹88 lakh financial fraud
A former project director at the Administrative Staff College of India (ASCI) in Hyderabad has been accused of financial fraud. The alleged misconduct has reportedly cost the institution around ₹88 lakh.
24 Nov 2024
NTPCNTPC Green Energy to allot shares tomorrow: How to check
Indian government-owned renewable energy company NTPC Green Energy will finalize its share allotment tomorrow.
24 Nov 2024
HDFC BankMarket cap of India's top 8 companies up ₹1.5L crore
Eight of India's top 10 most valued companies saw a major jump in their combined market capitalization last week, adding ₹1.55 lakh crore to their valuation.
24 Nov 2024
Initial Public Offering (IPO)10 firms plan to raise ₹20,000cr via IPOs this December
The primary market will continue to be strong with at least 10 firms, including Vishal Mega Mart and Blackstone-owned International Gemmological Institute (India) Ltd, looking to raise a combined ₹20,000 crore next month.
24 Nov 2024
TeslaTesla and Rivian reach 'conditional' settlement in trade secrets lawsuit
Tesla and Rivian have reached a "conditional" settlement in their ongoing trade secrets lawsuit, Bloomberg reported.
24 Nov 2024
Adani GroupAdani Group denies entering into contract to operate Kenyan airport
The Adani Group has denied allegations that it had signed a binding agreement to operate Kenya's main airport.
23 Nov 2024
Adani GroupBJP's Maharashtra win provides relief for Adani's $3B Dharavi project
The electoral win of the Bharatiya Janata Party (BJP)-led Mahayuti in Maharashtra has ensured the future of Gautam Adani-led group's $3 billion project.
23 Nov 2024
Foreign InvestmentFPIs offload domestic equities worth ₹26,533 crore in November
Continuing their selling spree into November, Foreign Portfolio Investors (FPIs) have sold Indian equities worth ₹26,533 crore so far this month.
23 Nov 2024
Stock MarketSix new IPOs to watch out for next week
The upcoming week will be a busy one in the stock market with six new IPOs opening for subscription.
23 Nov 2024
Donald TrumpWill balance legal compliance, tech advancement under Trump: NVIDIA CEO
NVIDIA's CEO Jensen Huang has promised to strike a balance between legal compliance and technological innovation during Donald Trump's next term.
23 Nov 2024
Adani GroupAdanis sold bribe-linked assets to TotalEnergies despite US probe knowledge
Gautam Adani and his nephew Sagar Adani, knew that their renewable energy firm was under US scrutiny for suspected bribery when they sold a stake in India's largest solar park to TotalEnergies, prosecutors have alleged in documents reviewed by Reuters.
23 Nov 2024
AmazonAmazon invests $4B in AI start-up Anthropic, deepens technological collaboration
Amazon has pumped in $4 billion into Anthropic, a top artificial intelligence (AI) start-up.
22 Nov 2024
OpenAIOpenAI CEO Sam Altman's salary for 2023 was just $76,000
Sam Altman, the CEO of artificial intelligence research lab OpenAI, took home a meager $76,001 in 2023.
22 Nov 2024
Ministry of FinanceIndia plans $5B incentive program to boost domestic electronics production
India is gearing up to launch a $5 billion incentive program to boost domestic production of electronic components.
22 Nov 2024
Binny BansalFlipkart co-founder Binny Bansal resigns from PhonePe board
Flipkart co-founder Binny Bansal has resigned from the board of directors at PhonePe. The decision comes three quarters after he had made a similar move at Flipkart.
22 Nov 2024
Adani GroupDid Adani Group hide something? SEBI probes potential disclosure violations
India's market regulator, the Securities and Exchange Board of India (SEBI), is reportedly investigating whether the Adani Group, one of the country's largest conglomerates, flouted regulations requiring the disclosure of market-moving information.
22 Nov 2024
SwiggySwiggy acquires Mumbai team in World Pickleball League
Popular online food delivery platform Swiggy has announced its acquisition of the Mumbai team in the World Pickleball League (WPBL).
22 Nov 2024
Adani GroupSensex soars by 1,800 points: What is driving this rally?
The BSE Sensex has soared 1,792 points today to trade at 78,948, at the time of writing. The NSE Nifty also jumped 531 points to hover around 23,880.
22 Nov 2024
Reliance JioReliance Jio loses 8M subscribers in September, BSNL sees growth
India's largest telecom operator Reliance Jio has witnessed a massive net loss of 79.7 lakh subscribers in September.
22 Nov 2024
OpenAINew York Times claims OpenAI destroyed evidence in copyright lawsuit
OpenAI engineers have 'accidentally' deleted key evidence in a lawsuit filed by The New York Times and other major newspapers, according to a court filing.
22 Nov 2024
ZeptoZepto raises $350 million in largest-ever domestic funding round
Indian quick-commerce start-up Zepto has raised a whopping $350 million in its third funding round in just six months.
21 Nov 2024
Deepinder GoyalOver 18,000 apply for Zomato's controversial pay-to-work job posting
Zomato recently created a stir with a highly unconventional job posting.
21 Nov 2024
CryptocurrencyHow one co-founder avoided jail in $11 billion FTX scandal
Gary Wang, the co-founder of FTX, has avoided prison time owing to his extensive cooperation in a case against Sam Bankman-Fried.
21 Nov 2024
Adani GroupAdani Group refutes US SEC's bribery charges, plans legal recourse
The Adani Group has vehemently denied allegations by US authorities of a $250 million bribery scheme.
21 Nov 2024
Ola ElectricOla Electric to lay off 500 employees in restructuring move
Ola Electric is preparing to lay off over 500 employees across different roles as part of a restructuring plan, according to Moneycontrol.
21 Nov 2024
NVIDIANVIDIA's Q3 revenue surges 94% to $35 billion, profits double
NVIDIA, one of the biggest names in the tech industry, has posted an all-time high revenue of $35.1 billion in its third-quarter earnings.
21 Nov 2024
AppleApple seeks dismissal of DOJ's lawsuit accusing unfair business practices
Apple has asked a US judge to dismiss an antitrust lawsuit from the Department of Justice (DOJ), which accuses it of preventing rivals from accessing hardware and software features on its devices.
21 Nov 2024
Adani GroupAdani shares crash 20% as US bribery charges rock conglomerate
Shares of Adani Group companies plunged as much as 20% on the BSE during Thursday's intra-day trade.
21 Nov 2024
Adani GroupAdani charged with bribery, fraud in US; arrest warrant issued
Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York for his involvement in an alleged multi-billion-dollar bribery and fraud scheme.
20 Nov 2024
Deepinder GoyalZomato CEO seeks Chief of Staff, demands ₹20 lakh 'fee'
In a rather unconventional move, Zomato's founder and CEO Deepinder Goyal has announced a job opening for the position of 'Chief of Staff' at his company.
20 Nov 2024
FordFord to cut 4,000 jobs in Europe by 2027
US automaker Ford has announced plans to cut its workforce by 4,000 in Europe by the end of 2027.
20 Nov 2024
UberUber launches new service with extra room for your luggage
Uber has launched a new service, UberXXL, for airport transfers.
20 Nov 2024
NBCComcast to spin off its cable channels into separate entity
Comcast is moving ahead with its plan to spin off NBCUniversal's cable television channels, including MSNBC and CNBC.
