Business News | Share Market News | BSE/NSE News | Finance and Economy News - NDTV

"Byju's Worth Zero," Says Founder Of India's Once Biggest Startup

Reuters | Friday October 18, 2024, New Delhi

Byju Raveendran, the founder of what was once India's biggest start-up, Byju's, said he overestimated the growth potential of his education-technology company which is now "worth zero" as it faces insolvency, but remains hopeful of rescuing it.

RBI Passes Condolence Resolution In Memory Of Ratan Tata

Press Trust of India | Wednesday October 16, 2024, Mumbai

Ratan Naval Tata died at a Mumbai hospital on October 9 at the age of 86 years.

India's Russian Oil Imports Rise 11.7% In Sept From Aug, Data Shows

Reuters | Wednesday October 16, 2024, New Delhi

India's crude oil imports from Russia rose by 11.7% to about 1.9 million barrels per day (bpd) in September, accounting for about two-fifths of the South Asian nation's overall crude imports in the month.

Diwali Gift For Government Employees In This State, Dearness Allowance Hiked

Press Trust of India | Wednesday October 16, 2024, Raipur

The decision will benefit nearly 3.9 lakh state government employees and the hike will be effective from October 1 this year, officials said.

AI's Rise Could Threaten Financial Stability, Warns RBI Governor

Reuters | Monday October 14, 2024, Mumbai

The growing use of artificial intelligence and machine learning in financial services globally can lead to financial stability risks and warrants adequate risk mitigation practices by banks, the Governor of the Reserve Bank of India said on Monday.

Hyundai India's $3.3 Billion IPO, Country's Largest Ever Share Sale, Rolls Out

Reuters | Monday October 14, 2024, Sydney/Seoul

Hyundai India will start taking orders for its $3.3 billion initial public offering in Mumbai on Monday, the company said in regulatory filings, a deal that will be the country's largest-ever share offering and the world's second-biggest IPO in 2024.

Zepto Sells Over One Lakh Dandiya Sticks During Navratri

Press Trust of India | Saturday October 12, 2024, New Delhi

With Navratri festivities drawing to a close, quick commerce firm Zepto co-founder and CEO Aadit Palicha took to LinkedIn to inform that the platform sold over 1 Lakh dandiya sticks during the season.

Noel Tata, Ratan Tata's Half-Brother, Succeeds Him As Tata Trusts Chairman

Edited by Debanish Achom | Friday October 11, 2024, New Delhi

Noel Tata, the half-brother of Ratan Tata, has been appointed chairman of Tata Trusts, following a board meeting held today in Mumbai.

Monthly SIP Investments Cross Rs 24,000 Crore For 1st Time In India: Report

Indo-Asian News Service | Thursday October 10, 2024, New Delhi

Monthly systematic investment plan (SIP) numbers in India surged to Rs 24,508.73 crore in the month of September, up from Rs 23,547.34 crore in August, which is a 4 per cent increase, the Association of Mutual Funds in India (AMFI) data showed.

Tata Group Stocks Rise Up To 10%

Press Trust of India | Thursday October 10, 2024, New Delhi

Shares of Tata Group companies on Thursday rose up to 10 per cent, with Tata Chemicals and Tata Teleservices among the major gainers.

TCS Cancels Q2 Earnings Press Conference After Ratan Tata's Death

NDTV News Desk | Thursday October 10, 2024, New Delhi

Tata Consultancy Services will release its second-quarter results today. But the firm has cancelled its press conference this evening to announce its performance, which would have coincided with the last rites of the conglomerate's chairman emeritus.

Tetley Tea To BigBasket: Tata Group's Biggest Strides Under Ratan Tata

Edited by Srishti Kapoor | Thursday October 10, 2024, Delhi

Industrialist Ratan Tata, who passed away at the age of 86, is credited with transforming the Tata Group's portfolio during his tenure as chairman to include products from salt to software to sports cars.

Hyundai's $3 Billion IPO, India's Largest Ever, To Open Next Week

Reuters | Wednesday October 09, 2024

The Indian unit of the Korean carmaker is reportedly offering a discount of Rs 186 per share to eligible employees in the IPO.

Garuda Construction IPO Subscribed 1.9 Times On Day 1

Press Trust of India | Wednesday October 09, 2024, New Delhi

The initial public offer of Garuda Construction and Engineering got fully subscribed with 1.91 times subscriptions on the first day on Tuesday.

SpiceJet Settles $132 Million Dispute With Aircraft Leasing Firm BBAM

Press Trust of India | Wednesday October 09, 2024, Mumbai

Budget carrier SpiceJet on Wednesday said it has amicably settled a USD 132-million dispute with aircraft leasing firm Babcock & Brown Aircraft Management (BBAM).