Business news

Govt appoints IRS officer Nitin Gupta as CBDT chairman [details]

The government has appointed IRS officer Nitin Gupta as the new chairman of Central Board of Direct Taxes (CBDT).

Jun 27, 2022

Ola Cars to hire 10,000 people, expand to 100 cities

Ola shuts used cars business, winds up Q-commerce platform Ola Dash

Ride-hailing platform Ola has shut down its used vehicle business Ola Cars as well as Ola Dash, its quick-commerce business, at a time when Indian companies are pouring money into the 10-15 minute grocery delivery market.

Jun 25, 2022

As QR codes made mandatory on medicines, experts underline challenges ahead for industry

In March, the ministry had asked the department of pharmaceuticals (DoP) to shortlist drug brands that can be included in the implementation of mandatory QR codes.

Jun 25, 2022

Electricity used to mine Bitcoin decreased sharply as crypto crisis widens [In-depth]

The electricity consumption of the bitcoin network has fallen by a third from its high of 11 June, down to an annualised 131 terawatt-hours a year, according to estimates from the crypto analyst Digiconomist.

Jun 25, 2022

Crypto market flip-flops unlikely to stem slump, companies announce over 1,700 layoffs so far in June alone

Multiple crypto exchanges have announced layoffs that will, by Insiders' calculations, add up to roughly 1,700 job cuts in total.

Jun 22, 2022

SoftBank Group International CEO "Michel Combes" quits in just 5 months, Alex Clavel replacing him

In a surprise move, French businessman Michel Combes, who joined as SoftBank Group International CEO in January this year, has resigned, the company announced on Wednesday.

Jun 22, 2022

RBI extends timeline for compliance of some credit and debit card business directions

The Reserve Bank of India (RBI) on Tuesday extended the timeline for implementation of certain directions relating to credit and debit card business.

Jun 22, 2022

IDBI Bank to sell property owned by Great Indian Tamasha Company; calls for bids [details]

IDBI Bank has invited bids through e-auction for the sale of property of Great Indian Tamasha Company, which was running the Kingdom of Dreams in Gurugram.

Jun 20, 2022

Cryptocurrency: Bitcoin surges past $20K, Ethereum crosses $1,100 per coin

After witnessing free fall for weeks, Bitcoin finally managed to rebound past $20,000 per digital coin on Monday, around 16 per cent gain over the weekend.

Jun 20, 2022

Before Stock Markets Open: Optimism high on recovery of Sensex this week

Markets to recover some lost ground, says Arun Kejriwal on equity indices of Indian markets this week

Jun 20, 2022

Shock-absorbing capabilities of Indian retail investors is the silver lining

In recent months, the stock market has been witnessing significant volatility with foreign portfolio investors (FPIs) going on a selling spree amid tightening monetary policy actions to address rising inflation and geopolitical tensions.

Jun 19, 2022

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

Digital assets: End of the crypto craze? Indian investors wary as mega sell-off continues

As foreign portfolio investors continue to pull out money from the Indian equity market, the sell-off in the crypto market and the digital asset space has also accelerated in the wake of global economic meltdown.

Jun 18, 2022

Stock Markets: Sensex, Nifty settle sharply low on Friday as recession fears grip investors

Domestic equity benchmark indices declined as the day progressed and settled sharply lower on Friday as investors evidently feared a looming recession.

Jun 18, 2022

Another Pure electric vehicle (EV) e-scooter catches fire, this time in Gujarat

As the electric vehicle (EV) industry awaits new government quality-centric guidelines, another e-scooter belonging to Pure EV went into flames in Gujarat.

Jun 17, 2022

London Stock Exchange in London, Britain

Global markets plunge again amid interest rate hikes, fuel recession fears

The global rout in stock markets, cryptocurrencies and other risky assets has gathered pace amid growing concern that out-of-control inflation, rising interest rates and slowing growth could combine to tip the world into recession.

Jun 17, 2022

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Business news

Govt appoints IRS officer Nitin Gupta as CBDT chairman [details]

Ola shuts used cars business, winds up Q-commerce platform Ola Dash

As QR codes made mandatory on medicines, experts underline challenges ahead for industry

Electricity used to mine Bitcoin decreased sharply as crypto crisis widens [In-depth]

Crypto market flip-flops unlikely to stem slump, companies announce over 1,700 layoffs so far in June alone

SoftBank Group International CEO "Michel Combes" quits in just 5 months, Alex Clavel replacing him

RBI extends timeline for compliance of some credit and debit card business directions

IDBI Bank to sell property owned by Great Indian Tamasha Company; calls for bids [details]

Cryptocurrency: Bitcoin surges past $20K, Ethereum crosses $1,100 per coin

Before Stock Markets Open: Optimism high on recovery of Sensex this week

Shock-absorbing capabilities of Indian retail investors is the silver lining

Digital assets: End of the crypto craze? Indian investors wary as mega sell-off continues

Stock Markets: Sensex, Nifty settle sharply low on Friday as recession fears grip investors

Another Pure electric vehicle (EV) e-scooter catches fire, this time in Gujarat

Global markets plunge again amid interest rate hikes, fuel recession fears

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]