Business News

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12 Jan 2025

Union Budget

Union Budget 2025-26 may introduce amnesty scheme for customs duty

The upcoming Union Budget for the fiscal year 2025-26, may include an amnesty scheme for customs.

12 Jan 2025

Adani Group

Adani Group to invest ₹75,000cr in these sectors of Chhattisgarh

Indian conglomerate Adani Group, headed by Chairman Gautam Adani, has announced a whopping ₹75,000 crore investment in Chhattisgarh.

12 Jan 2025

Swiggy

Swiggy bolsters quick commerce game with a standalone Instamart app

Swiggy has launched a new standalone app for its quick commerce division, Instamart.

12 Jan 2025

HDFC Bank

Top 5 Indian firms lose ₹1.85L crore in valuation

The total market capitalization of five of India's top 10 companies, including HDFC Bank, Reliance Industries, ICICI Bank, State Bank of India (SBI), and ITC, fell sharply last week.

US: Enforcement of order blocking Nippon Steel-US Steel deal delayed

The Joe Biden administration has delayed an order that would have forced Nippon Steel to walk away from its $14.9 billion bid for US Steel.

12 Jan 2025

Infosys

Infosys has sued Cognizant and its CEO: Here's why

Infosys has filed a counter lawsuit against Cognizant and its CEO, Ravi Kumar S, in the US.

12 Jan 2025

TikTok

TikTok's Sameer Singh heads to HT Media as Group CEO

Sameer Singh, a top executive at TikTok, has been appointed the new Group CEO of HT Media.

11 Jan 2025

Swiggy

What is Pyng Professional, Swiggy's new app for service providers

Swiggy, one of the leading food delivery platforms, has widened its business horizon with the launch of a new app - Pyng Professional.

11 Jan 2025

Donald Trump

Tech leaders to attend Trump's inauguration amid AI market uncertainties

Several influential tech industry leaders, including OpenAI's Sam Altman, Meta's Mark Zuckerberg, and Uber's Dara Khosrowshahi, have confirmed their attendance at Donald Trump's upcoming inauguration.

11 Jan 2025

Microsoft

Microsoft sues group for creating tool to exploit its AI

Microsoft has filed a lawsuit against a group of 10 unknown individuals, accusing them of abusing its cloud-based artificial intelligence (AI) products.

IPO calendar: 3 companies to look out for next week

The primary market is all set to witness three new initial public offerings (IPOs) next week.

IMF chief predicts India's economy to weaken in 2025

Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has predicted a slight weakening of India's economy in 2025.

11 Jan 2025

Mark Zuckerberg

Meta is being sued over Llama AI models: Here's why

Mark Zuckerberg, the CEO of Meta Platforms, has been accused of approving the use of copyrighted material to train the company's Llama artificial intelligence (AI) models.

11 Jan 2025

Bhavish Aggarwal

Ola Electric gets 3rd CCPA notice over consumer complaints

Leading electric two-wheeler manufacturer Ola Electric has confirmed receiving a third notice from the Central Consumer Protection Authority (CCPA).

11 Jan 2025

India

Perplexity AI plans expansion in India, announces new hiring initiative

Perplexity AI, an artificial intelligence (AI)-powered search start-up, is gearing up to expand its presence in India.

11 Jan 2025

Elon Musk

X inks $1B AI server deal with Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) has bagged a deal worth more than $1 billion to provide artificial intelligence (AI)-optimized servers to Elon Musk's social media platform, X.

11 Jan 2025

Tim Cook

Apple: Tim Cook's pay went up almost 20% in 2024

Apple has disclosed an 18% pay hike for its CEO Tim Cook. The increase, mostly due to higher stock awards, took his total earnings to $74.6 million in 2024.

11 Jan 2025

Amazon

Amazon joins Meta in discontinuing certain DEI programs

Amazon is scrapping some of its diversity, equity, and inclusion (DEI) initiatives just like Meta.

11 Jan 2025

Meta

After Walmart, Meta ends programs aimed at diversifying workforce

Meta, the parent company of Facebook, has opted to dismantle its diversity, equity and inclusion (DEI) programs. It joins other corporate giants such as Ford, McDonald's and Walmart in scrapping such policies.

SEBI plans launch of ₹250 SIP to boost small investments

The Securities Exchange Board of India (SEBI) is gearing up to introduce a systematic investment plan (SIP) with a minimum investment limit of ₹250.

10 Jan 2025

Germany

Birkenstock sues several brands for copying its viral cork sandals

Birkenstock, the famous German footwear brand famous for its cork-based sandals, has taken legal action against alleged imitators.

10 Jan 2025

Indian Rupee (INR)

Indian rupee hits all-time low of ₹86 against US dollar

The Indian rupee (INR) has witnessed a sharp fall, hitting an all-time low of ₹86 against the US dollar today.

10 Jan 2025

Larsen & Toubro

L&T chief demanding 90-hour-workweek earns ₹51cr—535x more than average employees

Larsen & Toubro (L&T) Chairman SN Subrahmanyan recently pitched for a 90-hour workweek, leading to immediate backlash, serious concern, and truck load of memes.

10 Jan 2025

Finance

Save money and the planet with home composting in India

In a world where waste is piling up and wallets are thinning, what if you could tackle both with a simple kitchen hack? Enter home composting! This low-cost, eco-friendly solution is not just for gardening enthusiasts—it's a game-changer for Indian households.

10 Jan 2025

Finance

Crafting cost-effective indoor air purifying solutions in India

The pursuit of cleaner air within our homes is a crucial one, particularly in a country like India where pollution levels frequently surpass safe thresholds. However, identifying cost-effective solutions can be challenging.

10 Jan 2025

Insurance

Say goodbye to job-linked health insurance woes in India

In today's world, hopping between jobs is as common as swapping phones, but what happens to your health insurance? Well, forget the anxiety of losing your coverage!

10 Jan 2025

Insurance

Is mobile banking the future? India thinks so

In today's fast-paced digital era, mobile banking is the superhero that's transforming the way Indians manage their finances.

10 Jan 2025

Finance

Got insurance? Why every tutor needs a plan B

Online tutoring in India has exploded, transforming from a side gig into a booming career. But with great teaching power comes great responsibility—and risks.

10 Jan 2025

Insurance

Know how micro-health insurance is saving lives in rural India

Micro-health insurance is a financial shield for rural Indians, providing affordable premiums and simple policies.

10 Jan 2025

Delhi

Why 'Big Four' firms want employees to take public transport

The world's top consulting firms, Deloitte, PwC, EY, and KPMG - popularly known as the 'Big Four' - are taking steps to cut down on work-related travel. The move is aimed at reducing costs as well as their carbon footprint.

10 Jan 2025

Fashion

Prada eyes Versace aquisition to take on Gucci, Dior, Hermes

Italian luxury fashion house, Prada, is said to be eyeing the acquisition of Versace from US-based Capri Holdings. This was revealed by Italian financial daily Il Sole 24 Ore.

Budget 2025: Joint taxation for married couples could be introduced

The Union Budget 2025 could bring a major overhaul to India's taxation system with the introduction of joint taxation for married couples.

10 Jan 2025

Blinkit

Blinkit challenges Amazon, Flipkart with rapid delivery of laptops, printers

Blinkit has expanded its service in order to deliver electronics like laptops, monitors, and printers, in 10 minutes.

Shares of gaming companies surge as SC halts GST notices

The Supreme Court of India has stayed Goods and Services Tax (GST) show cause notices amounting to ₹1.12 lakh crore to online gaming companies.

10 Jan 2025

Boeing

Boeing, Google donate $1M each to Trump's inauguration fund

US aviation giant Boeing has confirmed it will donate $1 million to President-elect Donald Trump's inauguration fund, according to BBC.

10 Jan 2025

Sensex

HSBC downgrades India to 'neutral,' sees 10% upside for Sensex

HSBC has downgraded its India outlook from 'overweight' to 'neutral,' with a BSE Sensex target of ₹85,990 for 2025.

09 Jan 2025

Finance

Want to rebuild after a flood? India's disaster loans explained

Imagine losing your home, livelihood, or crops overnight due to a flood or earthquake—how would you recover? In India, disaster relief loans offer a crucial lifeline for individuals, businesses, and farmers struck by natural calamities.

09 Jan 2025

Finance

Essential tax strategies for expatriates living in India

Deciphering India's income tax rules might seem like a maze for expatriates, but it doesn't have to be!

09 Jan 2025

Insurance

How your age secretly shapes life insurance premiums in India

When it comes to life insurance, your age isn't just a number — it's a powerful factor that shapes your premiums.

09 Jan 2025

Finance

Public transport or carpool? Strategies that save more every day

Commuting is more than just a journey from home to office — it's a daily grind that takes a toll on both time and wallets.