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Business / NewsBytes

Morgan Stanley forecasts no rate cuts for India in 2024-25

Morgan Stanley's team of analysts predicts that India is unlikely to lower its interest rates in the fiscal year 2024-25.

16 Apr 2024 5:23 pm
Meesho's $500M funding round attracts several VC firms

Indian e-commerce platform, Meesho, is reportedly drawing attention from several venture capital firms for its ongoing funding round.

16 Apr 2024 4:45 pm
Microsoft invests $1.5 billion in UAE's AI company G42

Microsoft has announced a substantial investment of $1.5 billion in G42, the leading artificial intelligence company in the United Arab Emirates (UAE).

16 Apr 2024 4:09 pm
Sensex slips to 72,943 points, Nifty settles below 22,150 mark

On Tuesday, the benchmark Sensex and Nifty indices were on a downward trend.

16 Apr 2024 3:54 pm
Zomato launches India's first large-order delivery fleet for big events

Zomato has announced a new initiative in India, introducing a large-scale delivery fleet specifically designed to cater to big gatherings of up to 50 people.

16 Apr 2024 3:25 pm
RBI to implement new loan information disclosure rules from October

The Reserve Bank of India (RBI) is set to introduce new rules from October 1, 2024, aimed at providing comprehensive loan information to individuals and businesses.

16 Apr 2024 2:32 pm
Today's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Tether

Bitcoin has lost 4.33% in the last 24 hours, trading at $63,404.04. It is 9.32% down compared to last week.

16 Apr 2024 1:59 pm
OpenAI enters Asia with its first office in Japan

OpenAI, a leading player in the artificial intelligence (AI) industry, has expanded its global footprint by opening its first Asian office in Tokyo, Japan.

16 Apr 2024 1:49 pm
RBI imposes withdrawal restrictions on two co-operative banks: Here's why

The Reserve Bank of India (RBI) has imposed withdrawal restrictions on two co-operative banks, Sarvodaya Co-operative Bank in Mumbai and the National Urban Co-operative Bank Ltd in Pratapgarh, Uttar Pradesh.

16 Apr 2024 1:26 pm
India greenlights onion export to Sri Lanka and UAE

The Directorate General of Foreign Trade (DGFT) has announced that India has approved the export of 10,000 tons of onions to Sri Lanka.

16 Apr 2024 12:51 pm
China's Q1 GDP growth exceeds expectations, reaches 5.3%

China's gross domestic product (GDP) growth for the first quarter of 2024 has reached 5.3%, according to data released by the National Bureau of Statistics.

16 Apr 2024 11:31 am
Zerodha co-founder Nikhil Kamath launches 'WTFund' for Gen Z entrepreneurs

Billionaire Nikhil Kamath, co-founder of Zerodha, has introduced WTFund, a unique non-dilutive grant agnostic fund.

15 Apr 2024 6:02 pm
NCLAT to hear Zee-Sony merger disputes on May 17

The National Company Law Appellate Tribunal (NCLAT) has scheduled a hearing for the disputes surrounding the Zee-Sony merger on May 17.

15 Apr 2024 5:51 pm
Nepalese billionaire behind Wai Wai noodles plans India unit's IPO

Nepalese billionaire Binod Chaudhary, who amassed his wealth through the instant noodle business, has announced plans to take his conglomerate, Chaudhary Group's (CG) food division in India, public by 2026.

15 Apr 2024 5:46 pm
Sensex tanks 845 points, Nifty settles below 22,275 mark

On Monday, the benchmark Sensex and Nifty indices witnessed a slump.

15 Apr 2024 3:58 pm
Elon Musk announces layoffs at Tesla, impacting 14,000 employees

Tesla, the world's leading electric vehicle company, has confirmed plans to lay off more than 10% of its global workforce.

15 Apr 2024 3:32 pm
Aditya Birla Capital set to launch comprehensive fintech super app

Aditya Birla Capital Ltd., a leading non-banking financial company (NBFC) in India, is preparing to launch an all-encompassing fintech super app named 'ABCD.'

15 Apr 2024 2:35 pm
Bitcoin halving: Will this week's event spark a crypto boom?

The cryptocurrency world is eagerly awaiting the forthcoming Bitcoin 'halving' event, predicted to take place on or before April 19.

15 Apr 2024 1:52 pm
Cryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Solana

Bitcoin has risen 1.54% over the last 24 hours to trade at $64,902.71. It is down 6.49% from last week.

15 Apr 2024 10:45 am
BYJU'S India CEO Arjun Mohan resigns, founder Raveendran takes charge

Arjun Mohan, the CEO of BYJU'S India, has resigned from his position just over six months after assuming it.

15 Apr 2024 9:58 am
Tesla partners with Tata Electronics for semiconductor supply

US electric vehicle manufacturer Tesla has formed a strategic partnership with Tata Electronics for the procurement of semiconductor chips, as per the Economic Times.

15 Apr 2024 9:24 am
States' fiscal deficit for FY24 expected near 3.1% of GDP

Citi Research has forecast that the fiscal deficits of states for the financial year 2023-24 (FY24) will align with the original budgeted estimate of 3.1% of the Gross Domestic Product (GDP).

14 Apr 2024 4:49 pm
Vedanta secures 4,000 crore loan for energy expansion in India

Vedanta has secured a loan of 3,900-4,000 crore from the state-run Power Finance Corporation Ltd (PFC).

14 Apr 2024 3:52 pm
Market valuation of 7 Indian firms skyrocketed by 59,404 crore

In a week shortened by the Eid-Ul-Fitr holiday, seven of India's ten most valued firms witnessed a combined market valuation surge of 59,404.85 crore.

14 Apr 2024 2:54 pm
Glenmark Pharmaceuticals recalls India-made hypertension drug in the US

Glenmark Pharmaceuticals, a global pharmaceutical leader, has initiated a recall of 6,528 bottles of Diltiazem Hydrochloride in the United States. The medication is commonly used to treat hypertension.

14 Apr 2024 2:50 pm
Foreign investors injected 13,300 crore into Indian stocks in April

Foreign investors have injected over 13,300 crore into Indian stocks in the first half of April.

14 Apr 2024 1:02 pm
Today's cryptocurrency prices: Check Bitcoin, Dogecoin, Ethereum, Tether rates

Bitcoin has shed 5.34% of its value over the last 24 hours, trading at $63,932.23. It is 7.67% lower than the previous week.

14 Apr 2024 11:10 am
Cybersecurity professional sentenced to prison for $12 million cryptocurrency theft

Shakeeb Ahmed, a seasoned cybersecurity expert, has been sentenced to three years in prison for stealing an estimated $12 million in digital currency.

13 Apr 2024 6:03 pm
Today's cryptocurrency prices: Check rates of Bitcoin, Tether, Ethereum, Dogecoin

Bitcoin has slipped 4.74% in the past 24 hours to now trade at $67,822.33. It is 0.22% higher than the week before.

13 Apr 2024 10:55 am