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Business News Updates

Elon Musk takeover: Twitter fears risk of losing advertisers, executives
Elon Musk takeover: Twitter fears risk of losing advertisers, executives

Musk's 'free speech' call has left Twitter advertisers worried as this could put their brands next to posts filled with hatred and bias.

LIC fixes price band at Rs 902-949 a share for Rs 21,000 cr IPO
LIC IPO opens for public today; here's all you need to know about the maiden issue

The price band for the IPO has been fixed at Rs 902-949 per share.

LIC owns 4% of all listed stocks in India, more government bonds than the RBI
Domestic mutual funds invest Rs 4,002 cr in LIC IPO under anchor quota

Domestic mutual funds invested Rs 4,002 crore, accounting for a little over 71 per cent of the total anchor book portion of the much-awaited initial public offering (IPO) of Life Insurance Corporation (LIC).

Don't feel for me, pray for Twitter instead: Parag Agrawal
Don't feel for me, pray for Twitter instead: Parag Agrawal

Amid multiple reports that Musk has lined up a new CEO to replace him, Agrawal has already said that he took the job to change Twitter for the better, course correct where we need to, and strengthen the service.

Sakthi Sugars to sell Odisha sugar plant
Sakthi Sugars to sell Odisha sugar plant

The decision to sell the plants is taken to reduce the company's debt levels.

Odisha records 28% growth in gross GST collection in April
Odisha records 28% growth in gross GST collection in April

The gross GST collection during the last month is also the highest in a month since inception of GST, claimed the state GST officials.

LIC owns 4% of all listed stocks in India, more government bonds than the RBI
LIC owns 4% of all listed stocks in India, more government bonds than the RBI

As data suggest, its business is largely driven by agent based model (90 per cent plus), hence a larger digital on boarding of its network will be needed to pursue growth ahead.

Markets continue to fall for 2nd day; Sensex declines 85 points
Markets continue to fall for 2nd day; Sensex declines 85 points

The rupee pared initial gains to settle almost flat against the US dollar on Monday as subdued domestic equities offset the impact of a sharp decline in global crude oil prices.

Tesla can benefit by manufacturing EVs in India: Union Min Gadkari
Tesla can benefit by manufacturing EVs in India: Union Min Gadkari

At present, cars imported as Completely Built Units (CBUs) attract customs duty ranging from 60-100 per cent, depending on engine size and Cost, Insurance and Freight (CIF) value less or above USD 40,000.

Gold
'Gold prices likely to witness pressure on anticipation of Fed's aggressive policy stance'

Market participants have shifted their focus to the Fed policy meeting and their hawkish stance; although updates regarding the geopolitical tension and fear of rising Covid cases in China will remain important to keep an eye on.

Open
India gets its 100th unicorn in neobank platform Open

The neobank platform is being used by more than 20 lakh businesses in the country, and it processes over $30 billion worth transactions every year.

BSE Sensex Crashes
Sensex tumbles over 648 points in early trade; Nifty falls below 17,000

The 30-share BSE benchmark was trading 648.25 points lower at 56,412.62. The NSE Nifty declined 185.3 points to 16,917.25.

Elon Musk
Billionaire Elon Musk shares long-term investment advice

According to Musk, he's been asked a lot about how to increase one's wealth.

GST
GST collection touches all-time high in April at Rs 1.68 lakh cr

The gross GST collection has crossed the Rs 1.5 lakh crore-mark for the first time in April 2022 and Rs 1 lakh crore-mark for the 10th month in a row.

Employees grill Twitter CEO over fear of mass exodus post Musk takeover
Employees grill Twitter CEO over fear of mass exodus post Musk takeover

In a town hall meeting on Friday, the employees demanded answers from Agrawal as to how the company is planning to handle an "anticipated mass exodus prompted by Musk".

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