Business news

Ola to fire over 1000 employees; to hire aggressively for its EV segment [details]

Earlier this month, Ola said that it was investing roughly $500 million in Bengaluru's forthcoming research and development centre for battery cells.

Jul 29, 2022

Yellow metal: 'India's gold demand for 2022 to be over 800 tonne'

India's demand for gold will be between 800-850 tonne in 2022, said a top official of World Gold Council-India.

Jul 28, 2022

Photo taken on March 16, 2020 shows the White House Visitor Center in Washington D.C., the United States.

US Fed tries to control inflation genie with a 75 bps rate hike; what it means [details]

The spike in inflation, highest since the 1980s, with "ongoing increases" in borrowing costs against a backdrop ahead of a decelerating economy.

Jul 28, 2022

ITR Filing Deadline: Taxpayers demand extension as technical glitches on portal continue

The Institute of Chartered Accountants of India (ICAI), the top organisation for CAs, has stated that it will not appeal to the Finance Ministry for a deadline extension despite pleas for one.

Jul 27, 2022

Reliance Industries posts Rs 27,236 Cr profit before tax in Q1 FY23; Revenues at Rs 2.42 lakh crore

Reliance Industries Ltd (RIL) posted record consolidated revenues at Rs 2.42 lakh crore ($30.8 billion) in Q1 FY23, up 53 per cent year on year.

Jul 23, 2022

Volkswagen ropes in Porsche CEO to lead as Herbert Diess steps down

Volkswagen Group chairman and CEO Herbert Diess is stepping down from his position at the company and will be replaced by Porsche CEO Oliver Blume.

Jul 23, 2022

Hospitality major Airbnb Co-founder Joe Gebbia steps down after '14 wild years'

Online hospitality major Airbnb Co-founder Joe Gebbia has announced to step down after 14 "wild years" and is set to open a new chapter.

Jul 22, 2022

Indian Rupee depreciates further: 1 US dollar equals 80 rupees

As predicted earlier, the Indian rupee on Tuesday crossed Rs 80 for a US dollar. The fall in rupee's value is owing to multiple factors like Russia-Ukraine war, outflow of foreign institutional investors and others, said experts.

Jul 19, 2022

Flour, pre-packed food, hospital rooms get costlier with GST hike; see list of items affected [details]

Flour, curd and pre-packed food items are set to get costlier from Monday as the customers will have to pay 5 per cent GST on them.

Jul 18, 2022

FrontFanz Is Taking Over The Web3 Scene By Storm

Enter FrontFanz, a Web3 censorless platform built for creators by creators. Essentially removing third-party involvement, FrontFanz gives total control to creators to express themselves freely through their content.

Jul 16, 2022

RBI fines Ola Financial Services over Rs 1.67 crore for non-compliance

The Reserve Bank of India (RBI) on Tuesday fined Ola Financial Services Private Ltd over Rs 1.67 crore for non-compliance of regulations.

Jul 12, 2022

Global regulator for banks red-flags crypto-assets such as Bitcoin

Bitcoin likely to hit record-low of $10K per digital coin soon: Experts

As Bitcoin hovers below $20,000 per digital coin, industry experts fear that the leading cryptocurrency may tumble to $10,000 soon.

Jul 12, 2022

RBI to allow Rupee payment for exports, imports; Announces new framework

The RBI said prior approval is a must and the measure promotes growth of global trade with emphasis on exports from India

Jul 12, 2022

Another Rs 1,200 cr vanishes from BYJU'S funding round: Report

A whopping Rs 1,200 crore from a US-based company, recently announced by BYJU'S as a funding round, has gone off track, according to a media report.

Jul 11, 2022

Razorpay gets RBI approval for Payment Aggregator license

The central bank issued a payment aggregator framework in March 2020, stating that payment gateways will be mandated to have a license in order to acquire merchants and provide them with digital payments acceptance solutions.

Jul 11, 2022

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Business news

Ola to fire over 1000 employees; to hire aggressively for its EV segment [details]

Yellow metal: 'India's gold demand for 2022 to be over 800 tonne'

US Fed tries to control inflation genie with a 75 bps rate hike; what it means [details]

ITR Filing Deadline: Taxpayers demand extension as technical glitches on portal continue

Reliance Industries posts Rs 27,236 Cr profit before tax in Q1 FY23; Revenues at Rs 2.42 lakh crore

Volkswagen ropes in Porsche CEO to lead as Herbert Diess steps down

Hospitality major Airbnb Co-founder Joe Gebbia steps down after '14 wild years'

Indian Rupee depreciates further: 1 US dollar equals 80 rupees

Flour, pre-packed food, hospital rooms get costlier with GST hike; see list of items affected [details]

FrontFanz Is Taking Over The Web3 Scene By Storm

RBI fines Ola Financial Services over Rs 1.67 crore for non-compliance

Bitcoin likely to hit record-low of $10K per digital coin soon: Experts

RBI to allow Rupee payment for exports, imports; Announces new framework

Another Rs 1,200 cr vanishes from BYJU'S funding round: Report

Razorpay gets RBI approval for Payment Aggregator license

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]