Business News

Business

Hyundai Motor Group Unveils Collaborative Research Initiative with Leading Indian Institutes

Hyundai Motor Group has partnered with IIT Madras, IIT Delhi, and IIT Bombay to establish a Hyundai Centre of Excellence focused on batteries and electrification technologies. The ...

Business

SECI Lifts 3-Year Ban on Reliance Power: A New Dawn for Renewable Projects?

In a significant development, SECI has withdrawn its three-year ban on Anil Ambani-led Reliance Power (R-Power) from bidding for projects. The ban was imposed due to an alleged inv...

Business

FTC Cracks Down on Data Brokers Selling Sensitive Personal Information

The FTC has settled with two data brokers, Mobilewalla and Gravy Analytics, over the sale of sensitive personal information. The companies have agreed to stop using sensitive locat...

Business

Swiggy Aims for Operational Profitability by December 2025

Swiggy, India's leading food delivery and quick commerce platform, aims to achieve operational profitability by December 2025. The company's net losses have narrowed, and revenue f...

Business

Dollar Stabilizes Amid Fed Rate Cut Speculation; Won Recovers After Martial Law Reversal

The U.S. dollar recovers from a three-week low against the yen as traders ponder a Federal Reserve interest-rate cut. South Korea's won stabilizes after a martial law reversal, whi...

Business

Sebi Orders Trafiksol to Refund IPO Funds Amid Fraud Allegations

Sebi has directed Trafiksol ITS Technologies to refund the Rs 44.9 crore paid by investors in its IPO, citing fraud. The Bombay Stock Exchange will oversee the refund process, whic...

Business

Qatar's $1.3 Billion Bet on British Climate Technology

Qatar is investing 1 billion pounds ($1.3 billion) in UK climate technology, aiming to create thousands of jobs and establish climate technology hubs. Rolls-Royce is set to benefit...

Business

Bank Credit Growth Drops to 11% Amid Economic Slowdown

Bank credit growth has slowed to 11.1% as of November 15, 2024, compared to 20.6% last year. Even after adjusting for the HDFC-HDFC Bank merger, growth remains slower at 12.4% vers...