Business news

Not a merger, only acquisition of life insurance assets/liabilities of Sahara India Life: SBI Life

It is not a merger of two life insurance companies but only the transfer of life insurance business and policyholder assets and liabilities of Sahara India Life Insurance to it, SBI Life Insurance said on Friday.

Jun 3, 2023

Government intervenes to save IndiGo from Jet Airways-like crash landing

IndiGo expands int'l network; starts flights to six destinations in Africa, Central Asia [see list]

IndiGo has now launched flights to six new destinations in Africa and Central Asia with 174 weekly flights between June and September 2023.

Jun 3, 2023

Staying Ahead of the Curve is About More Than Smart Marketing; Ankur Goel's GTM Strategic Playbook Centers Around Product Innovation, Refreshed Pricing Models, and a Shift in the Customer Experience

Changing the fundamental components of a business model is challenging and intricate, but Ankur Goel saw an opportunity to better meet the conditions of the industry and jumped on it.

Jun 2, 2023

World's largest grain storage plan gets Cabinet's nod; gets ₹1 lakh crore budget [details]

The pilot project will be implemented in at least 10 selected districts of different states and UTs in the country to provide valuable insights into regional requirements for the project.

Jun 1, 2023

Market news: Sensex remains flat on Thursday

Sensex and Nifty on Thursday remained flat, continuing Wednesday's downward trajectory after four days of uninterrupted uptrend

Jun 1, 2023

Twitter's worth down to just $15 bn under Musk: Report

Twitter is now worth only about $15 billion, a massive 33 per cent lower than $44 billion Elon Musk and his co-investors paid to acquire the platform, the media reported on Wednesday.

May 31, 2023

Adani Ports Revenue and EBITDA jumps over 20% in FY23

Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced its results for the fourth quarter and year ended March 31, 2023.

May 31, 2023

Shaktikanta Das, Governor, Reserve Bank of India

Most of Rs 2,000 notes will come back from circulation by Sept 30: RBI Governor

The Reserve Bank of India expects most of the outstanding Rs 2,000 denomination banknotes to come back to the banks by September 30, the last date for deposit/exchange of such notes, Shaktikanta Das, the RBI Governor said.

May 22, 2023

Go First Gone: 11th private airline to 'drop' out of skies in a decade

The tottering Indian aviation sector hit fresh turbulence when early this month, another flourishing private airline was suddenly grounded owing to various problems, making it the 11th in a decade to fall from the skies.

May 21, 2023

Demonetisation again? RBI asks people to return or deposit Rs 2,000 currency notes in banks by Sept 30

The Reserve Bank of India (RBI) on Friday said that it will withdraw the Rs 2,000 denomination banknote from circulation but it will continue as legal tender.

May 19, 2023

Swiggy's food delivery business turns profitable; CEO shares excitement on historic feat

Swiggy's food delivery biz turns profitable; CEO shares excitement on historic feat

Swiggy CEO Sriharsha Majety on Thursday said that their food delivery business has turned profitable (as of March 2023), after factoring in all corporate costs, excluding employee stock option costs.

May 18, 2023

LinkedIn lays off 716 employees; shuts China app [details]

Microsoft-owned LinkedIn has laid off 716 employees, as the company makes changes to its Global Business Organisation (GBO), along with shutting down its InCareer app in China.

May 9, 2023

Bengaluru man flings currency notes off flyover, causes commotion, traffic; booked [details]

Bengaluru-based VC firm 3one4 Capital raises Rs 1,600 cr in new fund

Bengaluru-based early stage venture capital firm, 3one4 Capital on Monday said it has closed its fourth early-stage fund (sixth fund overall) at $200 million (about Rs 1,600 crore).

May 8, 2023

Markets This Week: Expect sideways movement with focus on Smallcap and midcap space

The week gone by had four trading sessions, but it had plenty of action and behaved on expected lines. It began positively, went sideways, gained and then crashed. At the end of it all, it was a flat week but with all important levels being touched, writes Arun Kejriwal