Business News
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09 Dec 2024
FlipkartMyntra swings to profit in FY24 after FY23 ₹782cr loss
Flipkart-owned fashion e-commerce platform Myntra has reported a remarkable financial turnaround in the fiscal year ending March 2024.
09 Dec 2024
Stock MarketLG, Vishal Mega Mart, MobiKwik: Upcoming IPOs in India
Dalal Street is gearing up for a busy IPO season with 15 companies, including LG Electronics India and Vishal Mega Mart, set to list in December and early January.
09 Dec 2024
COVID-1910 notable companies that went bankrupt in 2024
The year 2024 has been characterized by severe economic downturn, forcing many prominent companies to file for bankruptcy.
09 Dec 2024
FlipkartFlipkart plans to launch IPO in 12-15 months: Report
India's leading e-commerce platform Flipkart is gearing up for an IPO in the next 12-15 months, according to The Economic Times.
08 Dec 2024
HDFC BankTop 6 Indian companies add ₹2L crore to market cap
The cumulative market valuation of six of the top 10 most-valued Indian companies, saw a major jump last week.
08 Dec 2024
Foreign InvestmentIndia's FDI inflows cross $1T mark, Mauritius tops investor list
India has managed to draw more than $1 triilion in foreign direct investment (FDI) between April 2000 and September 2024.
08 Dec 2024
PhonePeHow to apply for a loan on PhonePe
PhonePe, India's leading digital payments platform, lets users apply for loans directly from its app.
08 Dec 2024
International Monetary FundIndia's forex reserves surge $1.51B to $658B, reversing previous declines
India's foreign exchange (forex) reserves surged by a whopping $1.51 billion to $658.091 billion for the week ending November 29, data released by the Reserve Bank of India (RBI) showed.
07 Dec 2024
IndiGoMahindra contesting IndiGo's claim over trademark, renames new SUV 'BE6'
Mahindra will fight the '6e' trademark dispute with InterGlobe Aviation, which owns IndiGo, in court.
07 Dec 2024
Securities and Exchange Board of IndiaBlackstone-backed jewelry certification firm opening ₹4,225cr IPO next week
The IPO of Blackstone-backed International Gemological Institute (IGI) will open on December 13. The issue seeks to raise ₹4,225 crore.
07 Dec 2024
Government of IndiaWhat is Paytm Gold and how to invest?
Paytm, India's leading digital payments platform, has changed the way we invest in gold.
07 Dec 2024
PhonePeHow to get roadside car assistance in minutes using PhonePe
Roadside assistance is an optional add-on that can be included in a comprehensive car insurance policy.
07 Dec 2024
PaytmHow to check your mutual fund portfolio on Paytm?
Paytm, India's leading digital payments platform, lets users have a quick look at their entire mutual fund portfolio.
07 Dec 2024
Securities and Exchange Board of IndiaLG India files papers with SEBI for ₹15,000 crore IPO
LG Electronics India, the Indian arm of South Korean tech giant LG Electronics, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
06 Dec 2024
AmazonFrom Google's gaffe to CrowdStrike outage: 2024's biggest business blunders
In 2024, business failures were widespread, with companies in various sectors grappling with blunders ranging from AI missteps to technological glitches and manufacturing errors.
06 Dec 2024
Climate ChangeWhy McKinsey's involvement in Australia's climate policy is raising eyebrows
Leading consulting firm McKinsey has been awarded a $1.6 million contract by the Australian government to advise on energy and climate policy over an 11-week period.
06 Dec 2024
IntelIntel appoints chip industry veterans to board amidst CEO search
Intel has announced the appointment of two chip industry veterans, Eric Meurice and Steve Sanghi, to its board.
06 Dec 2024
Reserve Bank Of India (RBI)NRIs can now earn 2x interest on deposits in India
The Reserve Bank of India (RBI) has announced a major hike in the interest rate cap on Foreign Currency Non-Resident Bank (FCNR(B)) deposits.
06 Dec 2024
Ather EnergyAll Indian start-ups that turned unicorns in 2024
The Indian start-up ecosystem experienced remarkable growth in 2024, with six companies joining the prestigious unicorn club—firms valued at $1 billion or more.
06 Dec 2024
Donald TrumpElon Musk donated over $250M to Donald Trump's presidential campaign
Tesla CEO Elon Musk, the world's richest man, has emerged as a major financial backer of President-elect Donald Trump's successful quest for the White House.
06 Dec 2024
PaytmPaytm to sell stake in PayPay to SoftBank for $250M
One97 Communications, the parent company of Indian fintech giant Paytm, is close to finalizing a deal to sell its stake in Japan's digital payments firm, PayPay Corporation.
06 Dec 2024
InflationRBI lowers FY25 GDP growth forecast from 7.2% to 6.6%
The Reserve Bank of India (RBI) has lowered its growth projection for India's Gross Domestic Product (GDP) for the fiscal year 2025.
06 Dec 2024
Elon MuskElon Musk's xAI secures $6B to advance its AI ambitions
Elon Musk's artificial intelligence (AI) firm, xAI, has raised a whopping $6 billion in fresh funding.
06 Dec 2024
Goldman SachsRBI maintains repo rate at 6.5% amid inflation, growth concerns
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has opted to keep the repo rate unchanged at 6.5% for the 11th consecutive meeting.
05 Dec 2024
Reserve Bank Of India (RBI)UPI's evolution in 2024: New features, global reach, and more
The Unified Payments Interface (UPI) has solidified its dominance in 2024, transforming the way India handles digital transactions.
05 Dec 2024
Initial Public Offering (IPO)Up to 300% returns! Check 2024's top performing IPOs
The Indian stock market has had a solid 2024, with many mainboard issues garnering massive interest from investors.
05 Dec 2024
Canara BankCanara Bank revises fixed deposit interest rates: Check new figures
Canara Bank has revised its fixed deposit (FD) interest rates for amounts less than ₹3 crore, effective December 1, 2024.
05 Dec 2024
BitcoinHow this lesser-known company became world's largest corporate Bitcoin holder
MicroStrategy Inc., a leading business intelligence and software solutions provider, has witnessed a whopping 2,800% rise in its share value over the last two years. The rise can largely be credited to the company's investment in Bitcoin.
05 Dec 2024
GoogleAI experts behind Google's NotebookLM quit to start new venture
Three key members of Google's NotebookLM team, including its team lead, have announced their exit from the tech giant.
05 Dec 2024
Amnesty InternationalWhy nearly 500 journalists are on strike at 'The Guardian'
Around 500 journalists from The Guardian and its sister publication, The Observer, have gone on strike.
05 Dec 2024
AppleHow ex-Apple employees allegedly stole company's $152K in charity scam
Six former Apple employees have been accused of defrauding the tech giant and the State of California in a donation theft scheme.
05 Dec 2024
BitcoinBitcoin crosses $100,000 mark for the first time
Bitcoin has crossed the all-important $100,000 mark for the first time ever.
04 Dec 2024
Donald TrumpWill Trump's tariffs hurt India? NITI Aayog CEO responds
NITI Aayog CEO BVR Subrahmanyam has said US President-elect Donald Trump's proposed high tariffs on China, Mexico and Canada could provide India with huge export opportunities.
04 Dec 2024
Lok SabhaIndia's semiconductor chip imports hit ₹1.71 lakh crore in FY24
India's imports of semiconductor chips, integrated circuits, parts of electronic integrated circuits and micro assemblies, and amplifiers stood at an astonishing ₹1.71 lakh crore in the fiscal year 2023-24.
04 Dec 2024
World BankIndia's external debt rose to $647B in 2023: World Bank
India's external debt saw a sharp rise of $31 billion in 2023, amounting to $646.79 billion, according to the World Bank's International Debt Statistics (IDS) report.
04 Dec 2024
Allen Career InstituteAllen Career Institute might buy Unacademy for $800 million: Report
Leading edtech firm Unacademy is said to be in advanced talks with Allen Career Institute for a potential acquisition deal.
04 Dec 2024
SwiggyYour Swiggy Instamart orders may become costlier soon
Swiggy, a major player in the food and grocery delivery space, is considering raising delivery charges for its quick commerce arm, Instamart.
04 Dec 2024
4GAirtel signs multi-billion dollar 4G, 5G extension deal with Ericsson
Bharti Airtel has announced a multi-year, multi-billion dollar contract with Ericsson for the provision of 4G and 5G products and solutions.
04 Dec 2024
GSTHow 28% GST is harming India's real money gaming industry
The online real money gaming (RMG) industry in India has witnessed a major slowdown, under the new Goods and Services Tax (GST) regime introduced last year.
04 Dec 2024
Lok SabhaHow Banking Laws (Amendment) Bill impacts consumers and finance sector
The Lok Sabha has passed the Banking Laws (Amendment) Bill, 2024.
