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Business / NewsBytes

ByteDance eyes $330B valuation in latest employee share buyback

ByteDance, parent company of TikTok, is gearing up for a new employee share buyback. The move will value the Chinese tech giant at over $330 billion.

28 Aug 2025 5:09 pm
Amazon, Flipkart await GST clarity before finalizing festive sale plans

India's top e-commerce players, including Amazon and Flipkart, are facing a tough choice ahead of their major festive sales.

28 Aug 2025 4:49 pm
American Bitcoin, backed by Trump's sons, set for NASDAQ debut

American Bitcoin, a cryptocurrency mining company backed by US President Donald Trump's sons Eric Trump and Donald Trump Jr., is gearing up for its NASDAQ debut.

28 Aug 2025 4:18 pm
EPFO 3.0 to launch soon with UPI withdrawals, major upgrades

The Employees's Provident Fund Organisation (EPFO) is gearing up to launch its revamped digital platform, EPFO 3.0, later this year.

28 Aug 2025 4:12 pm
Work 24/7 to be successful, says Indian billionaire Sunny Varkey

Sunny Varkey, the Indian-born chairman of Dubai-based GEMS Education, has sparked a major debate on work-life balance.

28 Aug 2025 3:50 pm
Indian government to meet banks, fintechs on online gaming act

The Indian government will hold a meeting with representatives from banks and fintech companies on August 29, according to Moneycontrol.

28 Aug 2025 3:19 pm
Japan cancels chief negotiator's US visit over tariff relief delay

Japan's chief trade negotiator, Ryosei Akazawa, has canceled his planned visit to the United States.

28 Aug 2025 3:17 pm
BharatPe launches India's first EMI-driven credit card: Check benefits

BharatPe, a leading financial services and UPI payments company in India, has teamed up with Unity Small Finance Bank (Unity Bank) to launch the country's first-ever EMI-driven credit card.

28 Aug 2025 2:32 pm
Mark Mobius sees strong investment potential in Indian stock market

Emerging market expert Mark Mobius has advised investors to steer clear of index funds due to rising global market uncertainties.

28 Aug 2025 1:52 pm
India to surpass US economy by 2038 despite tariffs: EY

India is projected to become the world's second-largest economy in terms of purchasing power parity (PPP) by 2038, according to a report by Ernst & Young (EY).

28 Aug 2025 1:18 pm
RBI weighs new rules to cut risks in NBFC sector

The Reserve Bank of India (RBI) is considering a proposal to limit shadow lenders from conducting business activities that conflict with their parent company's, according to Bloomberg.

28 Aug 2025 12:59 pm
AI boom to create multi-trillion-dollar market by 2030: NVIDIA CEO

NVIDIA CEO Jensen Huang has dismissed concerns over the end of a spending boom on artificial intelligence (AI) chips. He predicts that opportunities in this sector will grow into a multi-trillion-dollar market within the next five years.

28 Aug 2025 12:43 pm
Prosus in talks to invest $200M in Rapido

Dutch investment giant Prosus is in talks to invest around $200 million (nearly 1,750 crore) in Indian ride-hailing start-up Rapido, according to Moneycontrol.

28 Aug 2025 12:39 pm
Adani Group's EBITDA crosses 90,000cr for 1st time

The Adani Group has announced a major milestone in its financial performance.

28 Aug 2025 12:08 pm
Nykaa expands abroad, launches Kay Beauty in UK

India's leading beauty retailer, FSN E-Commerce Ventures Ltd., the parent company of Nykaa, is expanding its international operations.

28 Aug 2025 11:48 am
TikTok owner ByteDance's valuation tops $330B via employee share buyback

ByteDance, the parent company of TikTok, is gearing up for a new employee share buyback. The move would value the Chinese tech giant at over $330 billion.

28 Aug 2025 11:47 am
NVIDIA posts $26B profit on record $46.7B revenue in Q2

NVIDIA, the world's leading chip manufacturer, has reported quarterly earnings that exceeded expectations.

28 Aug 2025 11:27 am
Google to invest $9B in Virginia for AI infrastructure

Google has announced an additional investment of $9 billion in Virginia through 2026.

28 Aug 2025 10:57 am
Reliance AGM tomorrow: What to expect from Ambani's keynote event

Billionaire Mukesh Ambani will address over 44 lakh shareholders of Reliance Industries Ltd. (RIL) at its 48th Annual General Meeting (AGM) online at 2:00pm on August 29, 2024.

28 Aug 2025 9:56 am
Microsoft fires employees protesting Israeli ties in president's office

Microsoft has fired two of its employees, Riki Fameli and Anna Hattle, for their involvement in a sit-in protest at the office of Brad Smith, Microsoft's Vice Chair and President.

28 Aug 2025 9:35 am