Business News
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17 Dec 2024
Securities and Exchange Board of IndiaSEBI's new tool can make tracking unclaimed mutual funds easy
The Securities and Exchange Board of India (SEBI) has announced the development of a new platform, MITRA (Mutual Fund Investment Tracing and Retrieval Assistant).
17 Dec 2024
MetaAustralia: Meta to pay A$50M to settle Cambridge Analytica lawsuit
Meta has agreed to pay A$50 million ($31.85 million) to settle a lawsuit with Australia's privacy watchdog, the Office of the Australian Information Commissioner (OAIC).
17 Dec 2024
AmazonUS: Amazon workers are threatening strike amid peak holiday season
Thousands of Amazon employees are threatening to go on strike after a deadline for contract negotiations passed.
17 Dec 2024
Adani GroupAdani-Andhra deal, under bribery scrutiny, was approved against officials' advice
The Andhra Pradesh government is facing flak for approving a massive solar contract with Adani Green, despite warnings from financial and energy officials.
17 Dec 2024
ZomatoAnother high-profile departure at Zomato as global finance head quits
Hemal Jain, the Global Head of Finance at Zomato and CFO of Hyperpure, has resigned from the company. She will officially leave her position on January 31, 2025.
17 Dec 2024
HDFC BankSensex plunges over 800 points: What's behind today's market crash
The Indian stock market took a major hit on Tuesday, with the Sensex and Nifty indices opening in the red.
16 Dec 2024
Sri LankaIndia to supply LNG to Sri Lanka, connect power grids
India has announced plans to supply liquefied natural gas (LNG) to Sri Lanka's power plants and connect the power grids of both nations.
16 Dec 2024
SoftBank GroupSoftBank CEO to announce $100B US investment, 100,000 AI-focused jobs
SoftBank CEO Masayoshi Son is all set to announce a mammoth $100 billion investment in the United States.
16 Dec 2024
Federal ReserveUS Federal Reserve may skip cutting interest rates in January
Goldman Sachs economists have predicted that the US Federal Reserve will signal a slowdown in its easing pace at the next meeting.
16 Dec 2024
IndiaIndia's trade deficit hits record high of $37.8B in November
India's trade deficit hit a record high of $37.84 billion in November, up from $27.1 billion in the previous month.
16 Dec 2024
GoogleGoogle appoints Preeti Lobana as new Country Manager for India
Google has announced the appointment of Preeti Lobana as the new Country Manager and Vice President for its India operations.
16 Dec 2024
South KoreaSouth Korea's currency climbs after President Yoon's impeachment
South Korea's currency and financial markets turned positive today after the impeachment vote against President Yoon Suk Yeol, after he attempted to impose martial law.
16 Dec 2024
LGLG Electronics is eyeing $15B valuation for Indian IPO: Report
LG Electronics is eyeing an IPO for its Indian unit, which could be valued at as much as $15 billion.
16 Dec 2024
World BankWho does India owe? A breakdown of India's external debt
India's external debt has skyrocketed to a whopping $646.8 billion, according to the International Debt Report 2024 from the World Bank.
16 Dec 2024
Gautam AdaniWhy Ambani, Adani are out of Bloomberg's $100B club
Mukesh Ambani and Gautam Adani, two of Asia's richest, have dropped out of Bloomberg's elite centibillionaires club. The change comes as both billionaires faced multiple business challenges.
16 Dec 2024
MobikwikMobiKwik's IPO share allotment today: How to check status online
The IPO of One MobiKwik Systems Ltd has received a stellar response with the issue being subscribed 119.38 times overall.
16 Dec 2024
Initial Public Offering (IPO)Vishal Mega Mart's share allotment today: How to check status
The share allotment for Vishal Mega Mart's initial public offering (IPO) will be finalized today.
16 Dec 2024
Narayana MurthyNarayana Murthy once again defends 70-hour workweek philosophy
Once again, Infosys co-founder Narayana Murthy has pitched for a 70-hour workweek as a means to push India forward.
16 Dec 2024
BitcoinBitcoin hits record high of $106,493 amid Trump's pro-crypto stance
Bitcoin has hit an all-time high, trading at $106,493 today.
15 Dec 2024
Coal IndiaThis government company spent ₹5,570cr on CSR in last decade
Coal India Ltd (CIL) has invested around ₹5,570 crore in corporate social responsibility (CSR) activities over the last 10 years.
15 Dec 2024
GujaratSuchi Semicon starts chip production, investing $100M in 3 years
Gujarat-based Suchi Semicon has started semiconductor production without waiting for central government incentives.
15 Dec 2024
Bharti AirtelTop 5 Indian firms add ₹1.13L crore to market cap
Five of India's most valuable companies saw a massive jump in their market capitalization last week, adding ₹1,13,117.17 crore in total.
15 Dec 2024
Indian GovernmentIndian tourism sector to double in 10 years: WTTC chief
Julia Simpson, the President and CEO of the World Travel and Tourism Council (WTTC), has predicted that India's tourism sector will double in size in the next decade.
15 Dec 2024
Initial Public Offering (IPO)Blackstone-backed hospitality chain to launch ₹1,600cr IPO on December 20
Ventive Hospitality, a Blackstone and Panchshil Realty-backed company, will launch its ₹1,600 crore initial public offering (IPO) on December 20.
14 Dec 2024
National Payments Corporation of IndiaUPI hits record 15,500 crore transactions worth ₹223 lakh crore
The Unified Payments Interface (UPI) has achieved a major milestone by processing 15,547 crore transactions amounting to ₹223 lakh crore between January and November 2024.
14 Dec 2024
BengaluruKarnataka is planning a SWIFT City for start-ups in Sarjapur
Karnataka is gearing up to set up a SWIFT City in Bengaluru's Sarjapur, focusing on start-ups, workspaces, innovation, finance, and technology.
14 Dec 2024
SwiggySwiggy introduces 'Scenes' for live event booking, challenging Zomato's 'District'
Swiggy has launched a new feature called "Scenes" to let users book tickets for live events. The move comes as a direct challenge to Zomato's recently launched standalone app, "District."
14 Dec 2024
SwitzerlandSwitzerland revokes most favored nation status for India: Here's why
Switzerland has suspended the application of the most favored nation (MFN) clause with India, under their Double Tax Avoidance Agreement (DTAA) from January 1, 2025.
14 Dec 2024
MetaMeta wants to stop OpenAI from becoming a for-profit entity
Meta Platforms has petitioned California's Attorney General Rob Bonta, to stop OpenAI from transitioning from a non-profit to a for-profit organization.
13 Dec 2024
AmazonAmazon, Meta donate $1 million each to Trump's inauguration fund
Amazon and Meta have both donated $1 million to President-elect Donald Trump's inauguration fund.
13 Dec 2024
GoogleGoogle slammed for 'woke' Christmas ad featuring nonbinary influencer
Google has come under fire for its new Christmas advertisement, starring nonbinary beauty influencer Cyrus Veyssi.
13 Dec 2024
Bank of BarodaBOBCARD launches TIARA credit card for women: Check all benefits
In a first, BOBCARD LIMITED, a subsidiary of Bank of Baroda, has launched the TIARA credit card exclusively for women.
13 Dec 2024
BengaluruFirstClub, quick commerce start-up for affluent Indians, raises $8M
FirstClub, a quick commerce start-up founded by former Flipkart Senior Vice President Ayyappan R, has raised an impressive $8 million in seed funding.
13 Dec 2024
SensexSensex sinks over 1,100 points: What's behind today's market crash
India's benchmark equity indices, the Sensex and Nifty50, plunged sharply on Friday.
13 Dec 2024
GSTZomato slapped with ₹803cr GST demand notice over delivery fees
Leading food and grocery delivery platform Zomato has received a tax demand notice of ₹803.4 crore from the Goods and Services Tax (GST) authorities in Maharashtra.
13 Dec 2024
CybersecurityYahoo lays off 25% of cybersecurity team, outsources 'red team'
Yahoo has laid off nearly 25% of its cybersecurity team, The Paranoids, in the last one year.
12 Dec 2024
Mark ZuckerbergMark Zuckerberg's gold chain sold for over $40,000 at auction
A gold chain once owned by Meta CEO Mark Zuckerberg created ripples at an auction, with the winning bid exceeding $40,000 ($40,500 to be precise).
12 Dec 2024
ChinaChina may let yuan fall to counter Trump's increased tariffs
China is mulling a strategic move to let its currency, the yuan, weaken in 2025.
12 Dec 2024
Employees' Provident Fund Organisation (EPFO)Starting 2025, you can withdraw PF via ATMs: Here's how
Subscribers of the Employees's Provident Fund Organisation (EPFO) will be able to withdraw their provident fund directly from ATMs starting 2025.
12 Dec 2024
StartupsStart-up behind 'Faasos' and 'Behrouz Biryani' secures $210 million funding
Rebel Foods, the cloud kitchen start-up behind popular brands such as 'Faasos' and 'Behrouz Biryani,' has raised $210 million in a Series G funding round.
