Business News
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BJP's Maharashtra win provides relief for Adani's $3B Dharavi project
23 Nov 2024
Adani GroupAdanis sold bribe-linked assets to TotalEnergies despite US probe knowledge
Gautam Adani and his nephew Sagar Adani, knew that their renewable energy firm was under US scrutiny for suspected bribery when they sold a stake in India's largest solar park to TotalEnergies, prosecutors have alleged in documents reviewed by Reuters.
23 Nov 2024
AmazonAmazon invests $4B in AI start-up Anthropic, deepens technological collaboration
Amazon has pumped in $4 billion into Anthropic, a top artificial intelligence (AI) start-up.
22 Nov 2024
OpenAIOpenAI CEO Sam Altman's salary for 2023 was just $76,000
Sam Altman, the CEO of artificial intelligence research lab OpenAI, took home a meager $76,001 in 2023.
22 Nov 2024
Ministry of FinanceIndia plans $5B incentive program to boost domestic electronics production
India is gearing up to launch a $5 billion incentive program to boost domestic production of electronic components.
22 Nov 2024
Binny BansalFlipkart co-founder Binny Bansal resigns from PhonePe board
Flipkart co-founder Binny Bansal has resigned from the board of directors at PhonePe. The decision comes three quarters after he had made a similar move at Flipkart.
22 Nov 2024
Adani GroupDid Adani Group hide something? SEBI probes potential disclosure violations
India's market regulator, the Securities and Exchange Board of India (SEBI), is reportedly investigating whether the Adani Group, one of the country's largest conglomerates, flouted regulations requiring the disclosure of market-moving information.
22 Nov 2024
SwiggySwiggy acquires Mumbai team in World Pickleball League
Popular online food delivery platform Swiggy has announced its acquisition of the Mumbai team in the World Pickleball League (WPBL).
22 Nov 2024
Adani GroupSensex soars by 1,800 points: What is driving this rally?
The BSE Sensex has soared 1,792 points today to trade at 78,948, at the time of writing. The NSE Nifty also jumped 531 points to hover around 23,880.
22 Nov 2024
Reliance JioReliance Jio loses 8M subscribers in September, BSNL sees growth
India's largest telecom operator Reliance Jio has witnessed a massive net loss of 79.7 lakh subscribers in September.
22 Nov 2024
OpenAINew York Times claims OpenAI destroyed evidence in copyright lawsuit
OpenAI engineers have 'accidentally' deleted key evidence in a lawsuit filed by The New York Times and other major newspapers, according to a court filing.
22 Nov 2024
ZeptoZepto raises $350 million in largest-ever domestic funding round
Indian quick-commerce start-up Zepto has raised a whopping $350 million in its third funding round in just six months.
21 Nov 2024
Deepinder GoyalOver 18,000 apply for Zomato's controversial pay-to-work job posting
Zomato recently created a stir with a highly unconventional job posting.
21 Nov 2024
CryptocurrencyHow one co-founder avoided jail in $11 billion FTX scandal
Gary Wang, the co-founder of FTX, has avoided prison time owing to his extensive cooperation in a case against Sam Bankman-Fried.
21 Nov 2024
Adani GroupAdani Group refutes US SEC's bribery charges, plans legal recourse
The Adani Group has vehemently denied allegations by US authorities of a $250 million bribery scheme.
21 Nov 2024
Ola ElectricOla Electric to lay off 500 employees in restructuring move
Ola Electric is preparing to lay off over 500 employees across different roles as part of a restructuring plan, according to Moneycontrol.
21 Nov 2024
NVIDIANVIDIA's Q3 revenue surges 94% to $35 billion, profits double
NVIDIA, one of the biggest names in the tech industry, has posted an all-time high revenue of $35.1 billion in its third-quarter earnings.
21 Nov 2024
AppleApple seeks dismissal of DOJ's lawsuit accusing unfair business practices
Apple has asked a US judge to dismiss an antitrust lawsuit from the Department of Justice (DOJ), which accuses it of preventing rivals from accessing hardware and software features on its devices.
21 Nov 2024
Adani GroupAdani shares crash 20% as US bribery charges rock conglomerate
Shares of Adani Group companies plunged as much as 20% on the BSE during Thursday's intra-day trade.
21 Nov 2024
Adani GroupAdani charged with bribery, fraud in US; arrest warrant issued
Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York for his involvement in an alleged multi-billion-dollar bribery and fraud scheme.
20 Nov 2024
Deepinder GoyalZomato CEO seeks Chief of Staff, demands ₹20 lakh 'fee'
In a rather unconventional move, Zomato's founder and CEO Deepinder Goyal has announced a job opening for the position of 'Chief of Staff' at his company.
20 Nov 2024
FordFord to cut 4,000 jobs in Europe by 2027
US automaker Ford has announced plans to cut its workforce by 4,000 in Europe by the end of 2027.
20 Nov 2024
UberUber launches new service with extra room for your luggage
Uber has launched a new service, UberXXL, for airport transfers.
20 Nov 2024
NBCComcast to spin off its cable channels into separate entity
Comcast is moving ahead with its plan to spin off NBCUniversal's cable television channels, including MSNBC and CNBC.
20 Nov 2024
SwiggyRestaurants can now procure kitchen equipment on Swiggy
Swiggy, a leading player in the food delivery and quick commerce space, has introduced a new service to help its restaurant partners procure kitchen equipment.
20 Nov 2024
Bharti AirtelAirtel partners with Nokia to boost 5G services in India
Bharti Airtel has signed a multi-year, multi-billion dollar market extension deal with Nokia.
20 Nov 2024
Sam AltmanSam Altman seeks investment for potential chipmaking rival to NVIDIA
OpenAI CEO Sam Altman is on the lookout for investors to build an upcoming competitor to NVIDIA, the famous chipmaking giant.
20 Nov 2024
BitcoinBitcoin surpasses $94,000 for the first time
Bitcoin, the world's largest cryptocurrency, has hit a new high by breaching the $94,000 mark for the first time.
19 Nov 2024
ChinaThis company offers cash rewards to employees for finding love
Chinese camera company Insta360 has introduced a novel initiative to promote employee well-being, by encouraging them to go on dates.
19 Nov 2024
Reserve Bank Of India (RBI)RBI warns against deepfakes showing Governor Das endorsing investment schemes
The Reserve Bank of India (RBI) has issued a warning regarding the circulation of deepfake videos featuring its Governor, Shaktikanta Das.
19 Nov 2024
United States of AmericaWant to 'scold' your boss anonymously? This company can help
In a first of its kind service in the US, a company called OCDA is giving employees a chance to voice their grievances against their bosses anonymously.
19 Nov 2024
Tiger GlobalAfter 18 months, Tiger Global resumes investments in Indian start-ups
Tiger Global, the once-prolific investor synonymous with mega-deals and rapid unicorn creation, is exhibiting renewed interest in the Indian start-up ecosystem.
19 Nov 2024
ChatGPTNews agency ANI sues OpenAI for alleged copyright infringement
Asian News International (ANI), one of India's top news agencies, has sued OpenAI in the Delhi High Court.
19 Nov 2024
AppleApple proposes $100M investment in Indonesia to reverse iPhone ban
Apple is making a significant effort to mend fences with Indonesia after the government recently banned sales of the latest iPhone 16.
19 Nov 2024
FacebookMeta to challenge CCI's ₹213cr penalty over WhatsApp privacy policy
Meta, the parent company of Facebook and WhatsApp, has announced its plans to appeal against the ₹213.14 crore fine imposed by India's Competition Commission (CCI).
18 Nov 2024
Reserve Bank Of India (RBI)RBI launching cloud service to rival AWS, Azure in 2025
The Reserve Bank of India (RBI) is gearing up to launch a one-of-a-kind cloud platform in 2025. The initiative, a first for any major global central bank, will utilize local IT companies.
18 Nov 2024
Enforcement Directorate (ED)ED probing Amazon, Flipkart's relationships with sellers for FDI violations
The Enforcement Directorate (ED) is now looking into the relationships between e-commerce giants Amazon and Flipkart, and their sellers.
18 Nov 2024
OYO RoomsOYO raising funds from founder Ritesh Agarwal at ₹32,000cr valuation
Ritesh Agarwal, the founder and CEO of OYO, is looking to invest ₹550 crore into the hospitality chain. This will increase his stake from 30% to 32%.
18 Nov 2024
NiftySensex, Nifty plunge amid foreign fund outflows, IT stock pressure
The Indian stock market remains bearish today, with benchmark indices Sensex and Nifty plunging sharply.
18 Nov 2024
Indian GovernmentModi government to allow 100% FDI in insurance sector: Report
The Indian government is gearing up to introduce major reforms in the insurance sector, including allowing 100% foreign direct investment (FDI), according to a Times of India report.
17 Nov 2024
Initial Public Offering (IPO)Four IPOs set to launch next week despite market volatility
The primary market is gearing up for four initial public offerings (IPOs) next week, evenly divided between the mainboard and SME segments.
17 Nov 2024
Disney+ HotstarDubai-based siblings to offer jiohotstar.com domain to Reliance for free
Dubai-based siblings, Jainam and Jivika, have announced their decision to transfer the ownership of the domain name jiohotstar.com to Reliance Industries Limited (RIL) free of cost.
17 Nov 2024
AppleTata Electronics acquires Pegatron's iPhone plant in Tamil Nadu
Tata Electronics has acquired a majority stake in Pegatron's only iPhone manufacturing facility in Tamil Nadu. The move makes Tata a major supplier for Apple.
17 Nov 2024
Ministry of Health and Family WelfareHow to apply for Ayushman Vay Vandana card in India
The Ayushman Vay Vandana Card, launched under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) scheme, has seen more than 10 lakh enrollments in three weeks since its launch.
17 Nov 2024
HDFC BankTop 8 Indian firms lose ₹1.7L crore in market cap
Eight of India's top 10 most valued companies witnessed a massive loss in market capitalization last week. The total loss stood at nearly ₹1,65,180.04 crore.
17 Nov 2024
BoeingBoeing starts workforce reduction, over 400 employees receive layoff notices
In a major job cut plan, Boeing has laid off over 400 employees, sending them layoff notices. The employees are members of the Society of Professional Engineering Employees in Aerospace (SPEEA).
17 Nov 2024
TikTokTikTok's parent ByteDance is now valued at $300 billion
ByteDance, the parent company of popular social media app TikTok, has now reached a valuation of about $300 billion.
16 Nov 2024
Foreign InvestmentFPIs withdraw ₹22,420 crore from Indian markets this month
Continuing their bearish trend on Indian markets this month, Foreign Portfolio Investors (FPIs) have pulled out a whopping ₹22,420 crore in the first half of November.
16 Nov 2024
ZomatoZomato launches new app to take on BookMyShow in India
Zomato has expanded its consumer offerings with the launch of a new app called District.
16 Nov 2024
Donald TrumpThis major Trump Media shareholder has offloaded nearly entire stake
ARC Global Investments, a major shareholder in Trump Media & Technology Group, has divested nearly its entire stake in the media firm.
16 Nov 2024
Apple'Make in India' initiative reduces electronic imports in FY24: Report
Thanks to the 'Make in India' initiative and growing localization, electronic imports have dropped significantly in the fiscal year 2023-2024.
16 Nov 2024
Bank of BarodaWant a loan? Check out interest rates from leading banks
Several Indian banks, including State Bank of India (SBI), Bank of Baroda, HDFC Bank, and IDBI Bank have announced an increase in their marginal cost-based lending rates (MCLR) for certain tenures this month.
16 Nov 2024
General MotorsGeneral Motors fires 1,000 employees amid cost-cutting and reorganization
General Motors (GM), one of the world's largest automakers, has laid off around 1,000 employees as part of its cost-cutting and restructuring strategy.
15 Nov 2024
Donald TrumpMusk's X appoints executive who got presidential pardon as CFO
Elon Musk has hired Mahmoud Reza Banki, a former executive of streaming platform Tubi, as the chief financial officer (CFO) for X Corp.
15 Nov 2024
Elon MuskMusk's DOGE is now hiring: High-IQ, long hours, no salary
Elon Musk and Vivek Ramaswamy's recently launched Department of Government Efficiency (DOGE) has begun hiring.
15 Nov 2024
SkincareMamaearth's growth slows down amid changing consumer trends, new competitors
Honasa Consumer, the parent company of popular skincare brand Mamaearth, is growing slower than expected.
15 Nov 2024
CREDCRED entering stock broking market to take on Zerodha, Groww
CRED, one of India's top fintech firms, is expanding its financial services portfolio by entering the stock broking space, according to Moneycontrol.
15 Nov 2024
JioCinemaJioCinema Premium plans: Which one offers best value?
JioCinema is looking to disrupt the OTT market with its competitively priced premium subscriptions.
15 Nov 2024
BitcoinHacker behind billion-dollar Bitcoin heist gets 5-year sentence
Ilya "Dutch" Lichtenstein, the mastermind behind a major Bitcoin heist, has been sentenced to five years in prison by a Washington federal court after being pleaded guilty last year.
15 Nov 2024
Goldman SachsBoat sets sail for IPO in 2025, targets $300-500M raise
Boat, one of the leading Indian brands in the wearable and audio space, is gearing up for an initial public offering (IPO) next year.
14 Nov 2024
BoeingBoeing begins process to cut 17,000 jobs
Boeing will begin sending layoff notices this week as part of its plan to cut around 17,000 jobs or nearly 10% of its global workforce.
14 Nov 2024
IndiaBlackstone could buy 20% stake in Haldiram's for $1.6 billion
Blackstone, a top global investment firm, is said to be in talks to buy a 20% stake in India's iconic snack brand, Haldiram's.
14 Nov 2024
Mukesh AmbaniReliance, Disney complete $8.5B merger to form biggest media entity
Reliance Industries and Walt Disney Company have completed their historic merger in India's media space, creating an entertainment behemoth worth $8.5 billion.
14 Nov 2024
Indian EconomyIndia's trade deficit widens to over $27 billion in October
India's merchandise trade deficit widened to $27.14 billion in October, significantly up from $20.8 billion in September due to a faster growth rate in imports, data released today shows.
