Business News
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24 Dec 2024
Initial Public Offering (IPO)Tata Capital initiates $2B IPO process
Tata Capital, the financial services arm of the Tata Group, has started preparations for a $2 billion initial public offering (IPO).
24 Dec 2024
Initial Public Offering (IPO)Ola Electric-rival Greaves Electric Mobility files for ₹1,000cr IPO
Greaves Electric Mobility, a leading electric vehicle (EV) manufacturer, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
24 Dec 2024
Elon MuskElon Musk's AI firm xAI secures $6B in fresh funding
Elon Musk's artificial intelligence (AI) company, xAI, has successfully raised $6 billion in new funding, according to a filing with the US Securities and Exchange Commission.
24 Dec 2024
Indian GovernmentChina's SHEIN enters India as labels appear on Reliance's AJIO
Reliance Retail has launched a backend test of Chinese fast fashion label, SHEIN, on its AJIO platform. The development comes nearly five years after the Indian government banned the brand.
24 Dec 2024
StarbucksStarbucks strike shuts 59 US stores amid contract negotiation deadlock
A five-day-long strike by Starbucks employees has resulted in the temporary closure of 59 stores in the United States, the union representing the workers said.
24 Dec 2024
AppleApple nears $4T valuation as investors bet on AI push
Apple is on the cusp of a historic $4 trillion stock market valuation, fueled by investor optimism over the company's progress in artificial intelligence (AI).
23 Dec 2024
OYO RoomsOYO acquires US-based G6 Hospitality from Blackstone for $525M
OYO, the leading hospitality service provider, has successfully acquired Motel 6 and Studio 6 brands from Blackstone Real Estate.
23 Dec 2024
Income Tax Department of IndiaWant to resolve tax dispute? Avail this scheme before year-end
The Direct Tax Vivad Se Vishwas Scheme, announced in Budget 2024, is a government scheme to resolve pending tax disputes.
23 Dec 2024
United States of America'Rich Dad Poor Dad' author predicts global economic crash soon
Robert Kiyosaki, the famous author of Rich Dad Poor Dad, has warned of an impending global economic crash.
23 Dec 2024
KarnatakaZoho-backed semiconductor manufacturer to invest ₹3,425cr in Karnataka
Silectric Semiconductor Manufacturing, a company founded by directors of Zoho, has pledged to invest ₹3,425.60 crore in Karnataka's first electronics manufacturing cluster (EMC).
23 Dec 2024
SensexMacquarie predicts 10% correction in Indian stock markets by mid-2025
Sandeep Bhatia, Managing Director and Head of Equity India at Macquarie Capital, has predicted a possible 10% correction in the Indian stock markets in the first half of 2025.
23 Dec 2024
TelegramWhatsApp-rival Telegram is now profitable, says founder Pavel Durov
Pavel Durov, the founder of popular messaging app Telegram, has announced that the company has turned profitable.
23 Dec 2024
King Charles IIIBritish chocolate brand Cadbury loses royal warrant after 170 years
Iconic British chocolate brand Cadbury has been dropped from the royal warrant list by King Charles.
23 Dec 2024
IIT-DelhiIIT Delhi placements: Students receive 1,200 offers in phase 1
The Indian Institute of Technology (IIT) in Delhi and Kanpur have recorded a successful first phase of the 2024-25 placement season.
23 Dec 2024
IndiGoIndiGo 'Getaway Sale': Book flight tickets starting at just ₹1,200
India's leading airline, IndiGo, has launched an exclusive Getaway Sale today. The limited-period sale offers discounted fares on domestic and international routes.
23 Dec 2024
InfosysIT sector: CEO pay surges 160%, freshers see 4% growth
The pay of Chief Executives at India's top five IT firms has surged by a whopping 160% in the last five years, data analyzed by Moneycontrol revealed.
23 Dec 2024
Indian Rupee (INR)Indian rupee hits record low of 85.12 against US dollar
The Indian Rupee has hit a record low, plummeting to 85.12 against the US dollar.
23 Dec 2024
Nifty55% of Nifty 500 stocks in downtrend: More correction expected?
The 5% fall in the Nifty index last week has dragged nearly 55% of NSE 500 stocks below their long-term trend indicator, the 200-day moving average (DMA).
23 Dec 2024
ZomatoZomato shares enter correction zone: Hold or book profits?
Zomato's shares have entered the 'correction zone' in early trade on Monday.
23 Dec 2024
Deepinder GoyalIndia's leading self-made billionaires back Aakash Chaudhry's new edtech venture
Aakash Chaudhry, the co-founder of Aakash Educational Services Limited (AESL), has managed to raise $4 million (roughly ₹34 crore) for his new online tutoring platform, Sparkl Edventure.
23 Dec 2024
Narayana MurthyDell CEO contradicts Narayan Murthy, urges 'working smarter, not harder'
In a recent podcast, Dell CEO Michael Dell has stressed on "working smarter and not harder."
23 Dec 2024
SensexSensex gains 1% after 5-day slump: What's driving today's rally
The BSE Sensex and NSE Nifty staged a sharp recovery today, after a steep 5% fall over the last week.
23 Dec 2024
Securities and Exchange Board of IndiaBharat Global Developers shares—which rose 2,100% this year—suspended by SEBI
The Securities and Exchange Board of India (SEBI) has suspended the trading of Bharat Global Developers Ltd. shares on all exchanges until further notice.
22 Dec 2024
SwiggySwiggy One BLCK members denied benefits; restaurants unaware of promotion
Swiggy's recent launch of its premium subscription service, One BLCK, has left the restaurant industry confused.
22 Dec 2024
Initial Public Offering (IPO)Indian firms raised ₹1.6L crore through IPOs in 2024
Indian companies have set a new record by raising a staggering ₹1.6 lakh crore through Initial Public Offerings (IPOs) in 2024.
22 Dec 2024
StartupsEpigamia co-founder Rohan Mirchandani (41) dies due to heart attack
Rohan Mirchandani, the co-founder of popular Greek yogurt brand Epigamia, has sadly passed away at the age of 41. The news was confirmed by multiple sources to Moneycontrol.
22 Dec 2024
GoogleGoogle resists DOJ's call to sell Chrome, offers alternative solutions
In a bid to avoid the forced sale of its Chrome browser, Google has offered a one-of-a-kind solution to the US Department of Justice's (DOJ) antitrust concerns.
22 Dec 2024
Layoff NewsStellantis reverses plan to lay off 1,100 employees in US
Italian automaker Stellantis has reversed its decision to lay off around 1,100 employees at an Ohio-based Jeep plant.
21 Dec 2024
Nirmala SitharamanYour gift vouchers will now be exempted from GST
The 55th Goods and Services Tax (GST) Council meeting, chaired by Finance Minister Nirmala Sitharaman, was held in Jaisalmer today.
21 Dec 2024
GSTYour health insurance premium will not become cheaper anytime soon
The Goods and Services Tax (GST) Council has deferred its decision on slashing the tax rate on life and health insurance premiums.
21 Dec 2024
Initial Public Offering (IPO)This Indian space start-up is launching ₹500cr IPO next week
Bengaluru-based space start-up Unimech Aerospace is launching its initial public offering (IPO) on December 23.
21 Dec 2024
VolkswagenGermany: Volkswagen prevents factory closures, ensures job security until 2030
Volkswagen has managed to strike a deal with the IG Metall union, ensuring that none of its German factories will be shut down.
21 Dec 2024
Supreme Court Of IndiaDefaulted on card payments? Get ready to pay higher penalties
The Supreme Court of India has overturned an earlier order of the National Consumer Dispute Redressal Commission (NCDRC), which capped the interest rate for credit card default payments at 30%.
21 Dec 2024
Elon MuskElon Musk is a 'bully' but 'legendary entrepreneur': Sam Altman
OpenAI CEO Sam Altman has called Elon Musk a "bully" in a new interview with The Free Press.
20 Dec 2024
GoogleGoogle cuts 10% of management roles in latest layoff round
As part of an ongoing efficiency drive, Google has slashed its top management roles by 10%, CEO Sundar Pichai revealed in a company-wide meeting on Wednesday, according to Business Insider.
20 Dec 2024
ZoomcarZoomcar takes on Uber, Ola with its cab rental service
Zoomcar, one of the leading names in the self-drive car-sharing space, is finally venturing into the chauffeur-driven cab rental business, Reuters reports.
20 Dec 2024
Stock MarketZerodha's new feature lets you borrow money for buying stocks
Leading online brokerage firm Zerodha has launched Margin Trading Facility (MTF) on its trading platform Kite.
20 Dec 2024
Siddaramaiah'Can't speak Kannada, come to...': CEO's hiring post sparks controversy
Cars24 CEO Vikram Chopra has sparked a controversy with his recent post on X. The post was addressed to people living in Bengaluru who are looking for jobs.
20 Dec 2024
HDFC BankSensex crashes again, down over 3,500 points in 5 days
The Indian stock market witnessed yet another major decline today with the Sensex falling over 820 points to trade around 78,390, at the time of writing.
20 Dec 2024
Axis Bank LtdAxis Bank revises credit card fees: Check new charges
Axis Bank is all set to introduce revised credit card fees from today.
