Business Archives - TechStory

Sensex gains over 450 pts, Nifty ends shy of 15700
Market Closing: Indian indices on Friday closed higher, led by market heavyweights M&M, IndusInd Bank, Bajaj Finance, among others.

Ayush BansalJune 24, 2022

Image: Business Today The frontline equity indices on the BSE and National Stock Exchange (NSE) continued their recovery for the second consecutive day, ris...

BusinessMarketsNews

Gautam Adani, Asia’s richest, pledges ₹60,000 crore for social causes
The corpus will be administered by the Adani Foundation, the Group said in a statement, adding that the charity will be used in sectors such as healthcare, education, and skill development.

Ayush BansalJune 24, 2022

Image: Business Standard Adani Group chairman Gautam Adani, Asia’s richest person, and his family have pledged to donate Rs 60,000 crore to a slew of social...

BusinessNews

Viresh Joshi, Axis AMC Fund Manager who filed a suit against his termination
Viresh Joshi has accused Axis Mutual Fund of unfairly terminating his employment under an alleged violation of securities law.

Ayush BansalJune 24, 2022

Image: News Experts Viresh Joshi, a former fund manager and chief trader of Axis Mutual Fund, has filed a lawsuit and demanded Rs 54 crore in damages, accus...

BusinessNews

Air India Offers To Re-Hire Pilots After Retirement
Tata Group-owned Air India will re-hire pilots as commanders for a five-year period as the airline looks for stability in operations amid talk of acquiring 300 single-aisle planes

Ayush BansalJune 24, 2022

Image: Times of India Tata Group-owned Air India has offered to re-hire pilots post their retirement for five years as the airline looks for stability in op...

BusinessNews

Nithin Kamath, co-founder of Zerodha, explains why he stopped trading.
Zerodha CEO Nithin Kamath took to Twitter to share why he stopped trading stocks actively and how wealth can not make up for bad health.

Ayush BansalJune 23, 2022

Image: CNBC TV18 Zerodha CEO Nithin Kamath took to Twitter to share why he stopped trading stocks actively and how wealth can not make up for bad health. ...

BusinessNews

Uber Looking to Exit India? Company Denies Exit Plans
Uber has categorically denied such reports, claiming that such a deal was not on the cards “even for one minute”.

Ayush BansalJune 23, 2022

Image: Business Standard Uber has reportedly considered exiting the Indian market, holding preliminary talks with interested parties to explore what options...

BusinessNews

CBI books DHFL in ‘biggest’ banking fraud of Rs 34,615 crore
The agency, sources said, is conducting searches at 11 locations across the country at premises associated with the accused.

Ayush BansalJune 23, 2022

Image: Hindustan Times The CBI has booked Dewan Housing Finance Ltd, its former CMD Kapil Wadhawan, director Dheeraj Wadhawan, and others for bank fraud of ...

BusinessNews

piles of dollar bills reflected in glass

Accel is announces a new, $4 billion late-stage fund
Accel set up local teams and establish a deep presence in exciting regions such as Europe (since 2000) and India (since 2008)

Ayush BansalJune 23, 2022

Image: Mint Accel, the 39-year-old venture firm, just pulled a major power move. It announced, via a simple blog post, that it has just closed a new, global, ...

BusinessNews

Kellogg to focus on snacks with split into 3 segments
The company said it is exploring further strategic alternatives, including a potential sale, for its plant-based business.

Ayush BansalJune 22, 2022

Image: Persia Digest Kellogg said on Tuesday it was splitting into three independent companies by spinning off its North American cereal and plant-based foo...

BusinessMarketsNews

Except for the Tatas, no one can make Air India work: Emirates President.
While Air India currently has approximately 128 planes in its fleet, Chicago-based United Airlines has 860-odd aircraft.

Ayush BansalJune 22, 2022

Image: Indiaweekly It is not easy for an airline to operate in India and if the Tata Group cannot make Air India work, no one else in the country will be ab...

BusinessNews