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Indian rupee slumps 18 paise to 76.62 against US dollar in early trade
Unabated foreign capital outflows and a strong American currency overseas also weighed on invest…
PTI
Peloton will now let some customers rent its pricey bikes for $60 to $100 a month — here's how it works
The rentals are much more affordable than Peloton's usual prices, which include at least $1,495 for…
Sarah Jackson
New Peloton CEO describes what went wrong at the company: 'They spent money on things that they shouldn't have'
New Peloton CEO Barry McCarthy also told NYT's DealBook that the pandemic darling "got caught up in…
Sarah Jackson
The rise and fall of Peloton, from pandemic-era success story to its stock hitting a record low
Peloton's CEO Barry McCarthy is out after two years as the stock hit a record low. The fitness bran…
Avery Hartmans
Outgoing Peloton CEO John Foley takes the blame for Peloton's crash: 'We own this. I own this.'
"We've made missteps along the way," Foley said in his final investor call as Peloton CEO on Tuesda…
Ben Gilbert
As Peloton fires over 2,800 employees, it's giving them a free 1-year subscription on the way out
Along with the layoffs, Peloton also announced CEO John Foley is stepping down, and the company is …
Ben Gilbert
Used car marketplace Cars24 has raised as much as Dream11 this year to set up operation overseas
Cars24 will use the recently-raised capital to fuel its brand’s global expansion in the Midd…
Only one of Harley-Davidson's electric bikes would qualify for a proposed tax credit. Here are 3 ways the 118-year-old company has committed to sustainability — and customer satisfaction.
Serial 1's unique business model offers premium electric bikes with sales support and services from…
Karen K. Ho
Peloton stock jumps 12%, adding $3 billion to the connected-fitness company's market value after it turns its first quarterly profit
Strong demand for exercise equipment and online fitness classes drove Peloton's revenue up 172% yea…
Theron Mohamed
Harley-Davidson's new electric bikes signal an evolution in a growing industry. Here are 3 ways the 118-year-old company is committed to sustainability - and customer satisfaction.
Serial 1's unique business model offers electric bikes with sales support and services from Harley-…
Karen K. Ho
Peloton is raising subscription prices for the first time to $44 a month, but cutting prices on bikes and treadmills
Peloton has cut the price of its bikes and increased its subscription costs, attempting to bring mo…
Gabrielle Bienasz
Esports startup Mobile Premier League is now valued at $2.3 billion
A unicorn, in a startup parlance, is a company valued at over a billion dollars. Mobile Premi…
Peloton's 81% decline gets it kicked out of the Nasdaq 100 just one year after its inclusion
The swap between Peloton and Old Dominion sums up the ongoing rotation in the stock market out of g…
Matthew Fox
Reliance Retail acquires Kishore Biyani’s Future Group for ₹25,000 crore in a ‘slump sale’
With the acquisition, Future Retail, Future Lifestyle Fashions, Future Consumer, Future Supply C…
Rapido shifts focus to logistics; sees 25% business recovery and aims for 1.5x growth next year over FY20
Rapido is now present in 100 cities serving over 10 million customers with 15 lakh+ registered Capt…
Warren Buffett discussed Apple, Activision Blizzard, bitcoin, and inflation during Berkshire Hathaway's annual meeting. We live-blogged the event.
Buffett and his business partner, Charlie Munger, complained that people have been treating the sto…
Theron Mohamed
A bad week for stationary bikes: A look inside the reckoning at SoulCycle and Peloton after the former fitness giants slashed hundreds of jobs and closed stores on the same day
Experts told Insider that while stationary bicycles aren't going anywhere, Peloton and SoulCycle wi…
Bethany Biron
Peloton is still experiencing issues delivering orders of new bikes and treadmills, and outraged customers are turning to social media to lodge frustrated complaints
Peloton customers say deliveries of new bikes or treadmills aren't showing up or are repeatedly res…
Avery Hartmans
Peloton rebounded from its infamous 'wife' commercial to be the at-home fitness competitor to beat, with sales spiking 172%
The internet backlash about the "Peloton wife" ad didn't dampen growth - instead, as the pandemic f…
Avery Hartmans
A Harley Davidson dealer in Delhi shares his anxiety over the US luxury motor company's sudden exit from India
After years of mounting losses, Harley-Davidson's exit from India has turned out to be a nightmare …