Business News

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Adani back in $100 billion club, year after Hindenburg attack

With a net worth valued at $101 billion, Gautam Adani presently ranks as the 12th wealthiest person globally per the Bloomberg Billionaires Index....

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Alpex Solar launches ₹75 crore IPO at ₹109-115 per share

Solar systems manufacturer Alpex Solar announced on Monday that its initial public offering (IPO) will open on Thursday, 8 February. The company has fixed the price band for the issue at ₹109-₹115 per share....

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RBI holds interest rates steady for sixth meeting in a row

On Thursday, the Reserve Bank of India's Monetary Policy Committee voted to maintain the key policy rate at 6.5 percent during their latest meeting....

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RBI monetary policy: What to expect from feb 8 decisions

The RBI's Monetary Policy Committee has kept the key repo rate unchanged at 6.5% for the last five consecutive meetings through December 2023. ...

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Why did Paytm CEO met FM Nirmala Sitharaman amid crisis?

Paytm CEO Vijay Shekhar Sharma assured that the company is looking for all the options to ensure that stakeholders are protected from unwarranted and speculative stories....

snapchat

Snap Inc to cut 10% of Snapchat workforce following revenue decline

Snapchat's parent Snap is the most recent technology company to reveal workforce reductions of 10% amid consecutive revenue drops, contributing to ove...

Mukesh Ambani

Jio financial denies reports of acquiring Paytm's Wallet Business

A spokesperson for Jio Financial emphasized that the company has consistently abided by and will continue to adhere to all disclosure requirements man...

Paytm

Paytm stock plunges another 10%, firm loses 43% since RBI crackdown

The Paytm’s stock dropped by its daily trading limit to Rs 438.5 on Monday....

PMI

India’s January services PMI: A 6-month high and the surge in new business

In the realm of Purchasing Managers’ Index (PMI), a score above 50 signifies expansion, while below 50 denotes contraction. The recent rise to 61.8 ...

Elon Musk

Elon Musk criticizes US immigration policy, sheds light on mother's struggles

Musk pointed out that illegal immigrants in America can access bank loans, mortgages, insurance, driver's licenses, free healthcare (in California and...

Billionaire Mukesh Ambani receives death threat! Details here

Could Mukesh Ambani buy Paytm's wallet? Jio Financial shares soar 13% on rumors

Paytm has been facing a severe threat to its future operations and viability since the Reserve Bank of India prohibited the payment bank from taking a...

Ola, Uber

Karnataka introduces uniform fare for Ola, Uber, and Taxi Services

Surge pricing has been a contentious issue among commuters, with complaints about inflated fares during peak hours. The move aims to provide transpare...

What about SBI Bank?

SBI quarterly profits drop 35.5% burdened by pension costs

Speaking about credit growth, Khara noted that it has been widespread across sectors. He said SBI is witnessing healthy trends in credit expansion and...

Morgan Stanley

Morgan Stanley acquires Paytm stake worth Rs 244 crore

The purchase by Morgan Stanley has come amid a decline in One 97 Communications' stock price, which had fallen by 20% for the two consecutive days aft...

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