Business news

Sensex, Nifty up during early trade on Tuesday; JSW Steel, Hindalco, others top gainers

During the early trade on Tuesday, the 30-scrip Sensex rose higher. While prominent companies gained, pharma stocks like Cipla were among the losers.

Dec 7, 2021

Indian-Origin CEO fires 900 employees on 3-minute Zoom call; video goes viral [watch]

The CEO of Better, Vishal Garg, drew flak on social media for not just firing 15 percent of the company's employees over a zoom call but also continuing to flash a 'we're hiring' tag on his Linkedin profile which was removed soon after the screenshot of his page went viral.

Dec 6, 2021

india forex reserves, fii buying, rbi data on foreign exchange reserves, fii debt buying, fii equity buying, indian stock markets, foreign investors in indian stock markets, pm modi, modi govt completes 3 years

India's foreign exchange reserves down $2.71 bn in week ended Nov 26

India's foreign exchange reserves fell by $2.71 billion during the week ended November 26.

Dec 4, 2021

Sitharaman calls for global action to regulate cryptocurrency, other evolving tech [details]

Nirmala Sitharaman's comments come at a time when the government is preparing to come out with legislation to regulate cryptocurrencies.

Dec 3, 2021

Sensex rises for third consecutive day, trading around 58K points

Sensex is trading at 58,671 points, showing signs of rise for the third consecutive day though it may take time to reach above 60K range amid Omicron fears

Dec 3, 2021

SpaceX CEO Elon Musk warns of bankruptcy in email to employees [Details]

Elon Musk warns employees of potential bankruptcy of Space X through an email.Musk also revealed that instead of taking the weekend off as planned, he was going to be working on the Raptor all night and over the weekend

Dec 1, 2021

Sensex, Nifty slightly recover; IndusInd Bank, Eicher Motors , Hindalco, Info Edge and HDFC among top gainers

The 30-scrip Sensitive Index (Sensex) gained sharply in early trade session on Wednesday.

Dec 1, 2021

Sensex, Nifty fall marginally in early trade; Adani group top loser

Equity indices fall marginally in early trade on Monday and the adani group shares showed as top loser bringing the market sentiment down, already amid negative concerns about the new Covid variant Omicron spreading fast all over the world

Nov 29, 2021

Reliance Jio prepaid tariffs hike: Consumers to pay around 20% more [see new plans]

The announcement by Reliance Jio comes few days after Vodafone Idea and Bharti Airtel announced a hike in their respective prepaid tariffs.

Nov 28, 2021

Sensex dovetails by 1,687 pts as new Covid surge reports surface; Paytm recovers slightly

Sensex closed at 57,107 points, down by 1,687 points, while the broader 50-scrip Nifty closed the day at 17,026 points, down by 509 points. Paytm slightly recovered after a disappointing debut last week

Nov 26, 2021

market outlook, indian stock markets, french presidential polls, indian markets and french polls, indian markets and french presidential elections, emmanuel macron, le pen

Sensex, Nifty end in green; RIL share price bounces back [details]

Reliance Industries' shares rose sharply backed by its decision to restructure, repurpose the company's gasification assets, said Hem Securities.

Nov 25, 2021

Markets open on positive note, Sensex above 58K range

The 30-scrip Sensitive Index (Sensex) on Thursday opened on a positive note during the morning trade.

Nov 25, 2021

Cryptocurrencies fall sharply as Govt moves to introduce Bill in parliament

The major cryptocurrency Bitcoin was down over 17 percent, followed by Ethereum down 15 per cent, and Tether down by almost 18 per cent on Tuesday

Nov 24, 2021

Why Reliance and Aramco call off their whopping $15 billion deal: Explained

RIL and Aramco inked a non-binding letter of intent in August 2019 for the Saudi giant to buy a 20% share in Reliance's Oil to chemical business for $15 billion.

Nov 22, 2021

Unacademy spent ₹5 to make ₹1 in FY21; revenue, losses surge 6X [financials explained]

Edtech giant Unacademy filed its financial results for FY21, which shows the company has grown immensely but its spending needs to be pulled back several notches to balance the sheets.