Business news

Swiggy introduces new "Moonlighting" policy for employees to make more money

On-demand delivery platform Swiggy on Wednesday introduced a new "Moonlighting" policy for its employees that will let them take up external projects to make more money.

Aug 3, 2022

IPO-bound BharatPe appoints new CFO amid high-profile exits

Fintech platform BharatPe on Wednesday said it has appointed former SBI Card CFO Nalin Negi as its new chief financial officer, as it prepares for its initial public offering (IPO).

Aug 3, 2022

Stock markets: Domestic indices end flat, Sensex closes above 58,000

Domestic benchmark indices ended flat on Tuesday after rising for four consecutive sessions due to multiple negative global cues.

Aug 2, 2022

Oppo, Vivo, Xiaomi served notices for duty evasion; FM informs Rajya Sabha [details]

Mobile companies Oppo India, Xiaomi India and Vivo India have been served notices by the Directorate of Revenue Intelligence (DRI) for duty evasion, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday.

Aug 2, 2022

Indian telcos' magnificent response to PM Modi's telecom reforms; auction grosses Rs 1,50,130 crore [details]

Day 6 of the ongoing 5G spectrum auction on Sunday saw an incremental increase in the bidding figure after 37 rounds, with the government now receiving bids worth Rs 1,50,130 crore to date.

Aug 1, 2022

Stock markets closure: Sensex extend gains for fourth day, ends above 58K; Nifty ends over 17K

The benchmark indices started August on a positive note with Sensex rising above 500 points and Nifty over 180 points on positive global sentiments.

Aug 1, 2022

Ola CEO Bhavish Aggarwal denies rumours of merger plans with Uber

Ola Founder and CEO Bhavish Aggarwal on Friday refuted a report that said Ola and Uber are considering a potential merger.

Jul 30, 2022

ZEE Entertainment-Culver Max merger proposal gets BSE, NSE nod

ZEE Entertainment Enterprises Ltd (ZEEL) on Friday said it has got the approval from the two Indian stock exchanges for its proposed merger with Culver Max Entertainment Private Ltd.

Jul 30, 2022

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.