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Business News Updates

LIC IPO
LIC IPO closing today: Find out why FIIs shied away from India's 'Aramco moment'

Even as the issue is closing today, we cannot escape the perception that the issue price of the state-owned insurance behemoth has been steeply priced and the interest of foreign buyers for the IPO has been largely muted.

Check gold and silver rates in Bhubaneswar, Cuttack today 
Check gold and silver rates in Bhubaneswar, Cuttack today 

High inflation rates in the Indian market has made gold prices highly volatile in the last few days. 

Bitcoins
Bitcoin value drops by 50% since November peak

Ethereum, the second-biggest cryptocurrency in the world, has also fallen in value, down by more than 10 per cent in the last week.

Rupee
Rupee slumps 52 paise to all-time low of 77.42 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 77.17 against the American dollar, then lost ground to quote at 77.42, registering a fall of 52 paise from the last close.

Know petrol, diesel prices in Bhubaneswar and Cuttack today
Know petrol, diesel prices in Bhubaneswar and Cuttack today

As per the latest report, the price of petrol stands at Rs 112.68 per litre in the capital city of Bhubaneswar today while diesel is sold at Rs 102.35 a litre.

Jet Airways gets MHA security clearance to resume flight operations
Jet Airways gets MHA security clearance to resume flight operations

Now the airlines will soon be conducting proving flights under the watch of the sector regulator Directorate General of Civil Aviation to demonstrate its ability to take to the skies again.

LIC IPO Day 5: Overall issue subscribed 1.79 times
LIC IPO Day 5: Overall issue subscribed 1.79 times

Though the government has brought down the issue size from 5 per cent to 3.5 per cent, it is a landmark public issue in the history of the Indian capital market and is poised to be India's biggest IPO till date.

Elon Musk
Elon Musk ignores govt calls as India Tesla team moves to other markets

His utter disinterest in responding to several requests made by the Indian government, especially by Union Road Transport and Highways Minister Nitin Gadkari, comes in the wake of reports that the team he hired in India last year has now been diverted to focus on the Middle-East and the larger Asia-Pacific markets

Elon Musk
Elon Musk thinks he can double Twitter's revenue from subscriptions by 2028

Musk expects a huge growth in total Twitter users as well, growing from the 217 million users reported last year to 600 million Twitter users in 2025 and, eventually, 931 million in 2028

Elon Musk
Elon Musk says Twitter staff may face 'extreme' workloads if he takes over

While replying to an earlier tweet he shared about his plans for the micro-blogging site, Elon Musk mentioned that he will still graft even harder than them to make the firm a success

LIC IPO Day 4: NII segment fully subscribed; overall issue oversubscribed
LIC IPO Day 4: NII segment fully subscribed; overall issue oversubscribed

The long-awaited IPO of LIC will remain open for subscription till May 9.

L&T
L&T to own 68.73% in combined entity after Mindtree, LTI merger

The amalgamated entity will be named as 'LTIMindtree Limited', subject to approvals Closing Timeline and Approvals.

Cooking Gas Price Hike
LPG cylinder price hike: Cooking gas gets costlier by Rs 50, check details

The latest hike comes at a time when people are already struggling with rising petrol and diesel prices.

Petrol and diesel prices in Odisha
Check petrol and diesel prices in Bhubaneswar, Cuttack today

Public sector OMCs revise the petrol and diesel prices in line with the benchmark international prices and foreign exchange rates

Odisha Government
Odisha approves projects worth Rs 494cr

Mohapatra also directed authorities concerned to prepare a master plan for the development of tourism surrounding Chilika Lake.

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