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Google, accused of tracking private browsing user data in ‘Incognito’ mode, settles $5-billion lawsuit
Google has agreed to settle a major lawsuit. This lawsuit accused the Alphabet company of secretly monitoring the online activities of countless individuals. Read more
Tata Consumer becomes sixth Tata Group stock to surpass ₹1 lakh crore market cap
Tata Consumer Products has now joined the ranks of listed Tata Group companies with a market capitalization exceeding ₹1 lakh crore, making it the sixth firm to achieve this milestone. Read more
Sensex, Nifty 50 snap 5-day winning streak on year’s last trading day, rise 20% in 2023
Domestic equity benchmarks the Sensex and the Nifty 50 ended the year’s last trading day on a negative note, snapping their five-day winning streak, on profit-booking in select heavyweights even as the mid and smallcap indices ended with healthy gains. Read more
Mukesh Ambani pays tribute to father Dhirubhai on Reliance Family Day, underlines vision for future
Reliance Industries Chairman and Managing Director Mukesh Ambani—in an interaction with company employees—shared his views on the legacy of founding chairman Dhirubhai Ambani and outlined a compelling vision for Reliance’s future. Read more
Zomato gets ₹401 crore show-cause notice over delivery charges
Zomato has received a ₹401.7 crore show-cause notice for delivery charges collected over two and a half years. The notice, dated 26 December, asks why Zomato shouldn’t be liable for this tax amount, including interest and penalties, for the period from 29 October 2019 to 31 March 2022. Read more
Uttar Pradesh investor base surpasses Gujarat to rank second with 89.47 lakh stock market investors
The number of stock market investors in India has surged past the 8 crore milestone, registering a remarkable growth of 22.4% from the figure recorded on December 31, 2022, as per data from the National Stock Exchange (NSE). Read more
Azad Engineering share price makes a strong debut; list with over 37% premium at ₹720 apiece on NSE
Azad Engineering share price made a decent stock market debut on Thursday as the shares were listed at ₹720 apiece on the National Stock Exchange (NSE), a premium of 37.40% to the issue price of ₹524 per share. Read more
UltraTech Cement crosses ₹3 lakh crore in m-cap as shares touch new record high
UltraTech Cement, a flagship entity of the Aditya Birla Group, marked a significant achievement by crossing ₹3 lakh crore in market capitalisation during today’s trading session. According to the latest BSE data, there are currently 22 stocks with a market capitalisation exceeding ₹3 lakh crore. Read more
Tata Coffee merger with Tata Consumer, TCPL Beverages to take place on Jan 1
The record date for determining the shareholder of TCL who will receive the equity shares of TCPL after the demerger and amalgamation is Monday, January 15. Read more
FirstCry reports 6x jump in net loss at ₹486 crore
FirstCry, the IPO-bound e-commerce unicorn, reported a six-fold jump or 515% increase in its net loss for FY23 at ₹486 crore from ₹79 crore in FY22, reports said. Read more
India’s April-Nov fiscal deficit exceeds 50% of full year budget estimates
The government’s fiscal deficit at the end of November stood at ₹9.06 lakh crore or 50.7 per cent of the full-year budget estimate, according to data released by the Controller General of Accounts (CGA) on Friday, December 29. Read more
Wipro sues former CFO Jatin Dalal; what we know so far
IT major Wipro has initiated legal proceedings against its former CFO, Jatin Dalal, in a civil court in Bengaluru. In response, Dalal has filed an application requesting the court to refer the matter to arbitration. While the specific grounds for the lawsuit remain unclear, arguments from both parties have been presented. Read more
SBI buys ₹200 crore worth NCDs issued by Muthoot Fincorp
State Bank of India has purchased non convertible debentures (NCDs) worth ₹200 crore issued by Muthoot Fincorp, according to news agency PTI. Read more
India’s GDP growth to exceed 6.5% in FY24, says Finance Ministry
India’s economy is expected to comfortably surpass the government’s growth estimate of 6.5 per cent in FY24, the Finance Ministry said in its half-yearly economic review report. Read more
Coca-Cola extends partnership with ICC for 8 years
Beverage major Coca-Cola has renewed its partnership with the International Cricket Council (ICC), securing an eight-year commitment that stretches through 2031, encompassing all major ICC world events in various cricket formats. Read more
Adani Green concludes 8 GW power purchase pact with Solar Energy Corp
Adani Green Energy Ltd has executed the power purchase agreement with Solar Energy Corporation of India for the supply of 1,799 megawatts of solar power, the final part of an 8,000 MW manufacturing-linked solar tender Adani Green secured in 2020. Read more
Layoffs in 2023: Paytm’s parent company, One97 Communication, hands over pink slip to over 1000 employees
Joining the bandwagon of layoffs in 2023, Paytm’s parent company, One 97 Communications, has made the decision to terminate more than 1,000 employees across various departments as part of a broader cost-cutting strategy. Read more
Disney, Reliance sign non-binding agreement for Indian media operations merger, says report
Walt Disney and Reliance Industries have entered a non-binding agreement for their Indian media operations merger on December 25, 2023. Read more
RBI calls for stronger bank balance sheets
Indian banks and non-bank lenders need to further fortify their balance sheets by following stronger governance and risk-management practices, the Reserve Bank of India (RBI) said in a report released on Wednesday. Read more
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Published: 30 Dec 2023, 08:48 AM IST
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