Business News

No jargons, no mumbo-jumbo. Read the unadulterated Business news here.

11 Feb 2025

Mark Zuckerberg

Meta initiates mass layoff, nearly 3,700 employees to be affected

Meta has kicked off a major redundancy process today, one that is likely to affect around 5% of its global workforce.

11 Feb 2025

Elon Musk

Sam Altman rejects Elon Musk's $97B takeover bid for OpenAI 

OpenAI CEO Sam Altman has publicly rejected a $97.4 billion unsolicited takeover bid from Tesla boss Elon Musk and a group of investors.

10 Feb 2025

New Delhi

Delhi Airport: Flying during peak hours may soon cost more

India's busiest aviation hub, Delhi Airport, is mulling a new variable tariff structure according to travel class and time, the Economic Times has reported.

10 Feb 2025

DeepSeek

DeepSeek hired employees from Microsoft's AI labs in China

DeepSeek, the Chinese AI start-up that recently sparked a $1 trillion selloff in US tech stocks, has a number of former Microsoft employees from the company's controversial AI labs in China.

10 Feb 2025

Finance

Rural business? Here's the loan playbook you need 

Digital lending is revolutionizing how rural entrepreneurs in India secure the necessary capital to launch or grow their businesses.

10 Feb 2025

Finance

Reasons why e-gift vouchers are awesome 

Festivals in India = gifts, celebrations, and burning a hole in your pocket. Balancing budgets without compromising on the festive vibe is a challenge.

10 Feb 2025

Adani Group

Adani partners with Mayo Clinic to venture into healthcare sector

The Adani Group is gearing up to foray into the healthcare sector via a strategic partnership with US-based Mayo Clinic Global Consulting, HT Mint has reported.

10 Feb 2025

Emmanuel Macron

France announces $112B AI investment to rival US's Stargate project

French President Emmanuel Macron has announced a massive private investment of €109 billion ($112.6 billion) in the country's artificial intelligence (AI) sector.

10 Feb 2025

Reliance Retail

Reliance launches ₹10 'Spinner' to disrupt sports drink market

Reliance Consumer Products Limited (RCPL), a subsidiary of Reliance Retail Ventures Limited, has launched a new sports drink called 'Spinner.'

10 Feb 2025

GST

GST evasion of over ₹1.88L crore detected between April-December 2024

The Central Goods and Services Tax (CGST) officers have detected a whopping Goods and Services Tax (GST) evasion of over ₹1.88 lakh crore.

10 Feb 2025

Nykaa

Nykaa's Q3 profit soars by 60% to ₹26cr, misses estimates

India's popular e-commerce retailer Nykaa has reported an impressive 60.5% jump in its net profit for the third quarter of the fiscal year.

10 Feb 2025

Stock Market

FPIs withdraw nearly ₹85,370 crore from Indian equities in 2025

Foreign portfolio investors (FPIs) have pulled out a whopping ₹85,369 crore from Indian equities since the start of 2025.

10 Feb 2025

Boeing

Need more orders to establish assembly line in India: Boeing

US aerospace giant Boeing has said it needs more orders from India before it can think of setting up a civil aircraft assembly line in the country.

10 Feb 2025

Piyush Goyal

India's trade deal with Switzerland to be operational by 2025-end

The Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) will be fully operational later this year, Commerce Minister Piyush Goyal said.

10 Feb 2025

Finance

Getting married? Read this guide on jewelry financing options 

In India, weddings are extravagant affairs, representing not only the union of two individuals but also a showcase of culture and economic prosperity.

10 Feb 2025

Nokia

Nokia picks Intel's Justin Hotard as its new CEO

Nokia has announced the appointment of senior Intel executive Justin Hotard as its new Chief Executive Officer.

10 Feb 2025

Apple

HDFC Ergo pays Apple Watch rewards after step-count controversy

HDFC Ergo has faced criticism for going back on its word to refund customers who bought Apple Watches through its 'India Gets Moving' initiative.

10 Feb 2025

Narendra Modi

New Income Tax Bill to replace 1961 Act: What's changing

The Union Cabinet, led by Prime Minister Narendra Modi, has approved a new Income Tax Bill.

Modi government mulling law to regulate online gaming, gambling: Report

The Ministry of Home Affairs (MHA) is planning to frame a new law to regulate online gaming, gambling, betting, and lotteries, as per CNBC-TV18.

10 Feb 2025

Paytm

You can now book hotels on Agoda using Paytm app

In a major move, One97 Communications Limited (OCL), the parent company of Paytm, has announced a strategic partnership with digital travel platform Agoda.

10 Feb 2025

Swiggy

Swiggy stock falls 5% again: What's behind the losing streak

Swiggy's share price witnessed a massive fall of over 5%, continuing its losing streak for the fifth consecutive session.

10 Feb 2025

China

Gold prices up 10% in 2025: Here we decode why

The price of gold has been on a steady rise since the start of 2025, with nearly 10% increase. The precious metal has set new price records 10 times this year, peaking at $2,886 per ounce.

10 Feb 2025

4G

MTNL surges 10% as BSNL gets ₹6,000cr for 4G expansion

Shares of Mahanagar Telephone Nigam Limited (MTNL) surged by a whopping 10.3% in early trading today.

10 Feb 2025

Donald Trump

Sensex falls 550 points as metal stocks face tariff concerns

India's key equity indices, the Sensex and Nifty 50, plunged sharply today. The fall was largely attributed to rising global trade tensions and lackluster Q3 earnings.

10 Feb 2025

Sensex

Indian rupee hits historic low, nears 88-per-dollar amid tariff concerns

The Indian rupee hit a historic low against the US dollar, opening at 87.92 today.

Modi government approves ₹6,000cr funding for BSNL's 4G expansion: Report

The Indian government has approved an additional ₹6,000 crore for the 4G expansion of Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), as per Moneycontrol.

09 Feb 2025

India

India's total trade projected to reach $1.8T in 8 years

India's total trade is tipped to grow at a CAGR of 6.4% through 2033, reaching $1.8 trillion annually, a Boston Consulting Group (BCG) report stated.

09 Feb 2025

Elon Musk

No interest in acquiring TikTok, says Elon Musk

Billionaire entrepreneur Elon Musk has publicly dismissed any interest in acquiring the popular short-video app TikTok.

09 Feb 2025

HDFC Bank

India's top 6 firms add ₹1.18L crore to market cap

Six of India's top 10 most valued companies saw their combined market valuation jump by a whopping ₹1.18 lakh crore last week.

09 Feb 2025

OYO Rooms

OYO's Q3 results: Net profit soars 6 times to ₹166cr

OYO, one of the leading players in the travel industry, has posted a whopping jump in its profit after tax (PAT) for the third quarter ending December.

09 Feb 2025

Foreign Investment

FPIs withdraw ₹7,300cr from Indian equities amid global trade tensions

Foreign Portfolio Investors (FPIs) continued their exodus from the Indian equity market, withdrawing over ₹7,300 crore in the first week of February.

09 Feb 2025

Meta

Politics, weapons: What Meta employees can't talk about at work

Meta Platforms, the parent company of Facebook, is facing backlash from its employees over alleged internal censorship and ambiguous content moderation practices.

09 Feb 2025

Ratan Tata

Ratan Tata's half-siblings to manage his stake in Tata companies

Ratan Tata's family members will become trustees of the Ratan Tata Endowment Foundation (RTEF) and Ratan Tata Endowment Trust (RTET).

09 Feb 2025

Boeing

Boeing laying off 400 employees from SLS Moon rocket program

US aerospace giant Boeing has announced plans to lay off around 400 employees from its Space Launch System (SLS) Moon rocket program.

EPFO extends deadline for UAN activation, Aadhaar seeding

The Employees' Provident Fund Organisation (EPFO) has pushed the deadline for Universal Account Number (UAN) activation and Aadhaar seeding in employees' bank accounts.

08 Feb 2025

Foreign Investment

FIIs offload almost ₹9,100cr in Indian equities this month

Foreign institutional investors (FIIs) have maintained their selling spree in the Indian equity market this month as well.

Eight IPOs, 6 listings to hit Dalal Street next week

The primary market is all set to get busy with eight initial public offerings (IPOs) lined up for the next week.

08 Feb 2025

Startups

Forget groceries, get humans 'delivered' in just 10 minutes!

In a first, an Indian start-up Topmate.io has launched an interesting service that promises a 10-minute "delivery" of experts who can guide you in real-time and answer your queries.

08 Feb 2025

Startups

Defense start-up Anduril wants to raise $2.5B at $28B valuation

Anduril, a top defense technology company, is said to be in talks for a new funding round of as much as $2.5 billion.

08 Feb 2025

Donald Trump

Donald Trump concludes legal dispute with X over account suspension

US President Donald Trump has settled his legal battle with X after he was suspended from the platform in the aftermath of the January 6, 2021 Capitol riot.