Business news

Tepid response to Swiggy IPO continues, 35 pc subscription on Day 2

Swiggy IPO continued to see a tepid response from investors on the second day of bidding on Thursday. The Rs 11,327 crore IPO was subscribed 0.35 times or 35 per cent on the second day.

Nov 7, 2024

Freshworks to cut its workforce by 13 pc to streamline operations

Artificial intelligence (AI) service software provider Freshworks has announced a workforce reduction of 13 per cent to streamline its operations, affecting at least 660 employees worldwide.

Nov 7, 2024

Gold prices rise to 3-month high on back of safe-haven demand

Gold prices set to fall further after Donald Trump's win

Gold prices continue to fall after the US presidential election and on Thursday, the December future contracts of gold on MCX opened with a decline of 0.37 per cent at Rs 76,369 per 10 grams, while silver December future contracts were trading 0.24 per cent low at Rs 90,601 per kg.

Nov 7, 2024

a-passenger-outside-the-spicejet-airlines-ticket-counter-at-the-domestic-airport-on-the-outskirts-of-agartala

Domestic air passenger traffic in India sees 6.3 pc growth at 138.5 lakh in Oct

The domestic air passenger traffic reached 138.5 lakh in October, higher by 6.3 per cent in comparison to 130.3 lakh in the previous month, according to a report on Thursday.

Nov 7, 2024

Sensex sheds 849 points ahead of key US Fed meet

The Indian stock market closed in red on Thursday as there was heavy selling in all sectors except PSU banks.

Nov 7, 2024

5 year-old Indian kid falls to death from Dubai high-rise.(REPRESENTATIONAL PHOTO /FACEBOOK)

Over 3 in 10 Indian buyers looking for ultra-luxury homes: Report

More than three in 10 (35 per cent) Indian property buyers are now interested in luxury and ultra-luxury homes, nearly double the 18 per cent recorded in the previous quarter (Q2), according to a report on Thursday, as disposable incomes rise amid overall economic growth.

Nov 7, 2024

ED conducts raids on multiple sellers linked to e-com players including Amazon, Flipkart

The Enforcement Directorate (ED) on Thursday conducted raids on multiple sellers across the country -- linked to e-commerce platforms including Amazon and Flipkart -- over alleged money laundering activities.

Nov 7, 2024

Adani Enterprises to launch maiden Rs 800 crore retail bond issue on September 4

Adani Group stocks surge, add Rs 54,381 cr in market cap

The share price of all the companies in the Adani Group surged on Wednesday, adding Rs 54,381.06 crore worth of wealth to the investors' kitty.

Nov 7, 2024

Sensex and Nifty down 1 pc in early trade amid heavy selling

Sensex and Nifty down 1 percent in early trade amid heavy selling

The Indian stock market opened in red on Thursday as heavy selling was seen in metal, auto, financial service, pharma, FMCG, energy, private bank and infrastructure sectors in early trade.

Nov 7, 2024

Sensex, Nifty close at all-time high, led by metal and auto shares

Indian stock market agrees with Trump win, Sensex surges 901 points

The Indian benchmark indices on Wednesday welcomed Donald Trump's convincing victory in the US presidential elections as both Sensex and Nifty gained more than 1 per cent amid heavy buying in the IT sector.

Nov 6, 2024

US Election: Trump clinches win in three swing states

Bitcoin expected to hit $80,000 as crypto fan Trump edges closer to victory

As Donald Trump edged closer to victory in the US presidential election, Bitcoin surged to a record high of $75,060, fuelling investors' excitement in the cryptocurrency sector.

Nov 6, 2024

Make Google a 'trusted source' in US election: Sundar Pichai to employees

Make Google a 'trusted source of information' in US election: Sundar Pichai to employees

Sundar Pichai stressed to employees that Google's products must be a trusted info source for all, amid White House vote counting.

Nov 6, 2024

Chip giant Nvidia to design new AI chips every year: CEO

Nvidia surpasses Apple to become world's largest company in AI era

Graphics chip giant Nvidia has become the world's largest company by market capitalisation, surpassing Apple, in the artificial intelligence (AI) era.

Nov 6, 2024

$1.5 billion Apple-Globalstar deal to transform direct to device satellite game

The $1.5 billion Apple-Globalstar deal packs a competitive punch for virtually all corners of the connectivity market ecosystem, from carriers to original equipment manufacturers (OEMs).

Nov 6, 2024

Ola Electric's share hits all-time low of Rs 74 ahead of Q2 results

Bhavish Aggarwal-run Ola Electric Mobility saw its share nosedive further to a fresh low of Rs 74.18 apiece on Tuesday after touching Rs 73.84 during the intra-day trading -- losing almost 8.5 per cent in a day.

Nov 5, 2024