Business News

Business

Meta Settles Cambridge Analytica Scandal with Australian Watchdog for $31.85M

Meta Platforms settles with Australia's privacy watchdog for A$50 million over the Cambridge Analytica scandal, ending a lengthy legal battle. The scandal involved the disclosure o...

Business

Meta Settles Facebook Quiz App Privacy Breach for $32 Million

Meta Platforms settles a $32 million privacy breach case with the Australian Information Commissioner, ending proceedings related to Facebook's personality quiz app and the Faceboo...

Business

Rupee Tumbles to Record Low Amid Global Market Volatility

The Indian rupee closed at a new low of 84.86 against the US dollar, influenced by global factors including a weaker Chinese Yuan and rising US bond yields. Despite recent deprecia...

Business

Blackstone Emerges as Leading Bidder for Haldiram's Minority Stake

Blackstone is reportedly the leading bidder for a minority stake in Haldiram's, potentially valuing the Indian snacks maker at $8 billion. The deal could see Blackstone partnering ...

Business

India's Services Exports Set to Surpass Goods: A Historic Trade Shift

India's services exports are projected to surpass goods shipments for the first time, marking a significant shift in trade dynamics. The government is focusing on six key services ...

Business

India's Trade Deficit Reaches Historic High of $37.9 Billion in November

India's trade deficit reached a record $37.9 billion in November, driven by soaring gold imports and a decline in exports. Gold imports quadrupled to $14.9 billion, while exports f...

Business

RBI Governor Promises Open-Door Policy Amid Economic Challenges

RBI Governor Sanjay Malhotra reassures staff of an open-door policy and calls for striving for perfection in supporting the Viksit Bharat vision amid economic challenges.

Business

Navigating the New Frontier: Challenges in Digital Loans and Investments

RBI Deputy Governor Michael Patra discusses the challenges posed by the digitalisation of investments and credit, emphasizing the need for vigilance against household debt escalati...