Business News Updates

Elon Musk
Elon Musk returns as world's richest man; net worth of richest persons up $1.5 trillion

Musk earned an additional $95.4 billion through Thursday's close, boosted by the success of Tesla and SpaceX, after losing $138 billion in 2022, according to the Bloomberg Billionaires Index.

Cabinet approves Minimum Support Price for Copra for 2024 season
Cabinet approves Minimum Support Price for Copra for 2024 season

As part of the commitment made in the Union Budget of 2018-19, the government aims to fix MSPs for all mandated crops at a minimum of 1.5 times the all India weighted cost of production to ensure fair returns for cultivators.

  • Wednesday, 27 December 2023
Paytm lays off hundreds of employees as it implements AI-powered automation
Paytm lays off hundreds of employees as it implements AI-powered automation

Fintech leader Paytm has laid off several hundred employees from its operations, sales and engineering team, according to reports.

  • Monday, 25 December 2023
Mergers & Acquisitions
Year-Ender 2023: Looking back at India’s biggest M&As this year

In 2023, the Indian business landscape underwent a radical metamorphosis fuelled by a record-breaking M&A spree. The year witnessed a staggering 72 per cent increase in deal volume compared to 2022, according to Deloitte's findings.

Nirmala Sitharaman
Centre cracks whip on public sector banks over big insolvency cases

The government has asked for reviews of insolvency cases as there are delays in admission of cases in insolvency courts, he explained.

  • Friday, 22 December 2023
  • Centre
India's forex reserves soar to 20-month high of $615.97 billion
India's forex reserves soar to 20-month high of $615.97 billion

The country's foreign exchange reserves jumped by $9.11 billion for the week ending December 15 after having increased by $2.82 billion to $606.86 billion for the week ending on December 8.

  • Friday, 22 December 2023
  • India
Parliament passes Telecommunications Bill 2023, paving way for Elon Musk’s Starlink & others
Parliament passes Telecommunications Bill 2023, paving way for Elon Musk’s Starlink & others

The Rajya Sabha on Thursday passed the Telecommunications Bill 2023 through a voice vote, just a day after it was passed in the Lok Sabha.

  • Thursday, 21 December 2023
Elon Musk told bankers they won't lose money on Twitter deal: Report
Elon Musk told bankers they won't lose money on Twitter deal: Report

An angry Elon Musk has said that Disney CEO Bob Iger should be fired immediately, after the entertainment giant pulled advertisements from X as its owner endorsed antisemitic conspiracy theory on his platform.

India to emerge bright spot amid global slowdown with big-ticket infra push
India to emerge bright spot amid global slowdown with big-ticket infra push

The Budget 2023-24 cites ‘infrastructure and investment’ as one of the seven top priorities guiding the country.

  • Saturday, 16 December 2023
SBI
EMI on loans likely to increase as SBI hikes base rate of lending

The new rates have come into effect from December 15.

  • Friday, 15 December 2023
  • SBI
Parliament security breach: Father of Sagar Sharma says his son influenced by his friend
'Reliance Industries largest wealth creator in 2018-23'

For the fifth time in succession, Reliance Industries has emerged as the largest Wealth Creator over 2018-23. This takes Reliance’s overall No.1 tally to 10 in the last 17 five-year study periods, as per Motilal Oswal 28th Annual Wealth Creation Study.

  • Thursday, 14 December 2023
Narayana Murthy
'Earn Rs 2.5L in 1 day': Infosys founder Narayana Murthy's new deepfake video surfaces

In the clip, Murthy’s lip movements seem clearly out of sync with the audio -- one of the strongest indicators of deepfake videos.

India's wholesale price inflation
India's wholesale price inflation surges out of negative zone to touch 8-month high

The WPI inflation was at -0.52 per cent in October and 2023 and 6.12 per cent in November 2022.

  • Thursday, 14 December 2023
Financial tasks before December 31st
5 Must-do financial tasks before December 31st to prevent losses, know here

Complete key financial tasks by December 31st: Nominate beneficiaries, update Aadhaar, use UPI, reactivate PAN, and revise locker agreements to avoid charges and penalties.

  • Tuesday, 12 December 2023
RBI
RBI cautions public against misleading advertisements on loan waivers

Members of the public are cautioned not to fall prey to such false and misleading campaigns and report such incidents to law enforcement agencies, the central bank stated.

  • Monday, 11 December 2023
  • RBI
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