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Goldman Sachs's Chris Churchman says AI could cause cognitive atrophy
Goldman Sachs' Chris Churchman warns against over-reliance on AI models like OpenAI's, citing risks of cognitive atrophy and loss of critical reasoning in future financial leaders.
Tim Cook farewell at Apple Park as Ternus named CEO
Apple hosted a farewell event at Apple Park for outgoing CEO Tim Cook, featuring tributes from key figures and a performance by OneRepublic ahead of John Ternus taking over.
BlackRock and major firms enable in-kind Bitcoin ETF swaps
BlackRock and other firms are streamlining in-kind transactions, enabling large Bitcoin holders to integrate their crypto assets into mainstream financial markets via spot ETFs.
Registrar grants Tata Sons 3-month AGM extension to December 31, 2026
Tata Sons secured a three-month extension from the Registrar of Companies to conduct its annual general meeting by December-end, following quorum issues at its August 18 meeting.
Milk about to become costlier in Mumbai from September 1
Mumbai is set to witness a hike in wholesale milk prices, effective September 1.
Europe's gas reserves touch 13-year low: What's the reason?
Europe is facing a major energy crisis as its gas reserves hit a 13-year low.
India's forex reserves hit record high of $730B
India's foreign exchange reserves have hit a new high of $729.33 billion, a jump of $12.42 billion from the previous week, according to the data released by the Reserve Bank of India (RBI).
Andreessen Horowitz launches $1.1B AI infrastructure fund focused on hardware
Leading venture capital firm, Andreessen Horowitz (a16z), has announced the launch of its latest artificial intelligence (AI) infrastructure fund, the "Machine Age Fund."
JioBlackRock Mutual Fund to launch Balanced Advantage NFO for income
JioBlackRock Mutual Fund will introduce its Balanced Advantage Fund in September, with the NFO open from September 11 to 25, offering dynamic equity and debt allocation.
India and Argentina deepen partnership as trade tops $6.5 billion
India and Argentina are enhancing market access for Indian pharmaceuticals and farm products as bilateral trade surpasses $6.5 billion, reflecting robust annual growth of over 17%.
Dalal Street sees 11 companies making IPO moves next week
India's primary market is abuzz as three IPOs worth Rs 1,264.72 crore open for subscription, while eight companies gear up for their stock-market debut next week.
CXMT sues Pentagon over 'Chinese military company' designation
ChangXin Memory Technologies (CXMT), China's leading memory chip manufacturer, has filed a lawsuit against the US Department of Defense.
White House teleprompter operator fined $172,000 over Kalshi insider bets
Gabriel Perez, a teleprompter operator at the White House, has been fined over $172,000 to settle an investigation by a federal regulator.
Lawyers awarded $147M in Google data privacy case
A US judge has awarded nearly $147 million in legal fees to the attorneys who represented plaintiffs in a data privacy trial against Google last year.
RBI to buyback government securities worth ₹30,000cr on September 3
The Reserve Bank of India (RBI) has announced a buyback of government securities worth ₹30,000 crore on September 3.
Nepal floods: Infosys Public Services CEO Lax Gopisetty is unreachable
Infosys has confirmed that its subsidiary, Infosys Public Services's CEO, Lax Gopisetty, is currently unreachable.
Why chip designer Marvell's shares faced a selloff yesterday
Chip designer Marvell Technology's shares fell over 8% to $221.6 during trading on Friday.
OpenAI decides to wind down Cursor contract
OpenAI has announced its decision to terminate the contract with Cursor, following its acquisition by SpaceX.
Nirmala Sitharaman pitches India as manufacturing and innovation destination
Finance Minister Nirmala Sitharaman urged global investors to establish manufacturing and innovation hubs in India, highlighting its growth potential.
Indian AI startups raised $1.56B across 206 deals by August
Indian AI startups are attracting larger growth-stage investments, with $1.56 billion raised across 206 deals in 2026 so far, driven by global demand and stronger revenue traction.
Gold falls over 3% to $4,567.23 after Kevin Warsh's comments
Gold prices fell over 3% after Federal Reserve Chairman Kevin Warsh signaled potential rate hikes to curb inflation, boosting the dollar and reducing gold's appeal to investors.
Oil falls after US Federal Reserve hints at rate rise
Oil prices declined Friday as traders reacted to potential U.S. Federal Reserve rate hikes and speculation about a deal to reopen the critical Strait of Hormuz shipping route.
Google ordered to pay $147 million over app activity tracking
A U.S. judge granted $147 million in legal fees to plaintiffs' lawyers after a jury found Google liable for secretly collecting app activity data from users who disabled tracking.
White House operator Gabriel Perez agrees to pay over $172,000
Gabriel Perez, a White House teleprompter operator, settled with the CFTC for over $172,000 after allegations of insider trading on prediction market platform Kalshi.
Marvell Technology stock drops over 8% on Google-chip revenue doubts
Marvell Technology's shares plunged over 8% as investors questioned the timeline for revenue contributions from its $120 billion Google custom-chip deal.
Reliance Industries buys 350cr Lutyens's bungalow for visiting staff
Reliance Industries Ltd. has acquired a ₹350 crore bungalow on Prithviraj Road in Lutyens Delhi, intended to serve as a guest house for employees visiting the capital.
ChangXin Memory Technologies sues US defense department over military designation
China's leading DRAM producer, ChangXin Memory Technologies (CXMT), has filed a lawsuit against the Pentagon, seeking removal from a U.S. list linking it to Beijing's military.
Indian bank shares closed at different NSE and BSE prices
Indian bank stocks witnessed a historic price gap between NSE and BSE, driven by the new closing auction system, raising concerns over market volatility and regulatory scrutiny.
SICCI and GIBA organize Indo-German MSME Conclave 2026 on partnerships
The Indo-German MSME Conclave 2026 highlighted growing business ties, with leaders urging stronger industrial partnerships and investment opportunities between India and Germany.
SK Gas paid $5.3 million to skip Panama Canal line
A South Korean tanker paid $5.3 million for priority passage through the Panama Canal, as El Nino-induced drought prompts shipping restrictions and record auction prices.
Tata Sons given 3 month AGM extension after SRTT restrictions
Tata Sons received a three-month extension for its annual general meeting after quorum issues arose due to restrictions on the Sir Ratan Tata Trust.
Nirmala Sitharaman on 6 day US trip for G20 meetings
Finance Minister Nirmala Sitharaman has embarked on a six-day US visit to attend G20 finance meetings and engage with investors to bolster India-US economic ties.
India to push BRICS CBDC adoption at New Delhi summit
India plans to advocate for seamless cross-border digital payments and adoption of central bank digital currencies (CBDCs) among BRICS nations at the upcoming New Delhi summit.
India merchant payments rise 19.6% to ₹11.7L/cr as UPI dominates
UPI's share of merchant payments hit a record 77.3% in July 2026, while credit and debit cards saw significant declines, reflecting a shift towards digital-first payment methods.
Lambda raises $1B buying NVIDIA chips for lease to Microsoft
Lambda has raised $1 billion in private debt to purchase Nvidia AI chips, aiming to lease them to Microsoft and rapidly generate revenue for swift repayment.
Dieter Schwarz invests €5.6B in northern Germany data center
Dieter Schwarz, Germany's richest man, is investing €5.6 billion to build a data centre, aiming to rival Amazon, Google, and Microsoft in cloud computing and AI services.
Yen weakens past 160 per dollar after Kevin Warsh signal
The Japanese yen slipped 0.5% to 160.16 against the dollar, erasing over half of its intervention-driven gains as Federal Reserve rate hike expectations strengthened the greenback.
Meta's Project OT plan to replace employees with AI falters
Mark Zuckerberg's ambitious plan to replace 60% of Meta staff with AI tools faced massive employee backlash and technical failures, forcing the CEO to abandon the initiative.
NVIDIA reportedly in talks to acquire Hugging Face for $13B
Open-weight AI companies are attracting billions in acquisitions as tech giants like Nvidia and Stripe seek control over scalable, customizable AI models and infrastructure.
India hosts 18th BRICS Summit strengthening supply chains, currency trade
BRICS nations will introduce a voluntary framework to enhance transport logistics resilience, sustainability, and connectivity amid global supply chain disruptions.
US Fed should raise rates to tackle inflation: Raghuram Rajan
Former Reserve Bank of India (RBI) governor Raghuram Rajan has called on the US Federal Reserve to hike interest rates in order to tackle rising inflation.
OpenAI asks court to dismiss Apple's trade secret lawsuit
OpenAI has filed a new petition, along with Chang Liu, Tang Tan, and io Products, asking the court to dismiss Apple's trade secret misappropriation complaint.
Amazon's new India unit targets counterfeiters, scam networks
Amazon has launched a new initiative called the Counterfeit Crimes Unit (CCU) to tackle e-commerce frauds in India.
Sandhya Devanathan, Meta's India and Southeast Asia chief, joins OpenAI
Meta's Vice President and Head of India and Southeast Asia, Sandhya Devanathan, has announced her resignation from the company after a decade-long association.
SoftBank seeks another $10B loan to fund OpenAI investment
SoftBank Group Corp. is looking for a $10 billion loan to finance its investment in US tech giant OpenAI, according to Bloomberg.
Tempsens Instruments doubles on debut, lists at 111% premium
Tempsens Instruments made a stellar debut on the stock market today, with its shares opening at a whopping 111% premium over the issue price.
TCS cuts bonuses to 60-70% as AI spending pressures margins
Tata Consultancy Services (TCS) has reportedly slashed the average quarterly variable pay for certain mid- and senior-level employees to 60-70% for the April-June quarter.
NVIDIA to launch employee-funded committee to influence US policy
NVIDIA, the leading tech giant, is all set to launch a new political action committee (PAC), NVPAC.
Gold jumps 14%, heads for best month since 1999
Gold prices have stabilized around $4,600 per ounce as investors await US interest rate decisions.
Hero MotoCorp raises Ather stake to 32.8% with ₹1,758cr investment
Hero MotoCorp has announced its decision to invest up to ₹1,758 crore in electric scooter manufacturer Ather Energy.
Anthropic to unveil IPO prospectus after September 7
Anthropic is preparing for an initial public offering (IPO) as investor enthusiasm for artificial intelligence start-ups continues to surge.
Dream11 pivots from fantasy gaming to AI-first sports platform
Dream11, one of India's leading fantasy sports platforms, has announced a major shift in its business model.
HDFC Bank shares hit 52-week low after US lawsuit
Shares of HDFC Bank hit a new 52-week low on Thursday, falling over 2% to an intraday low of ₹710 per share.
Deepinder Goyal's Temple buys longevity firm to boost wearable launch
Deepinder Goyal, the founder of health-tech start-up Temple, has announced the acquisition of London-based longevity medicine practice Longevous.
Samsung ordered to pay Swatch $11.6M over watch face designs
Samsung has been ordered by a UK court to pay $11.6 million to Swatch Group.
Blinkit, Instamart, Zepto cap sugar purchases as prices surge
Quick-commerce platforms such as Blinkit, Zepto, and Swiggy Instamart as well as retail chains like DMart and Reliance Retail have reportedly capped purchases of sugar to manage existing stocks and avoid shortages.
SHEIN to raise $1.7B in Hong Kong IPO
SHEIN, the popular online fast-fashion retailer, is gearing up for its Hong Kong initial public offering (IPO).
Hy-Tech Engineers IPO closes today as GMP surges to 85%
The final day of bidding for the Hy-Tech Engineers IPO has arrived, with investor interest remaining strong.
Wheat prices hit 3-year high as Russia-Ukraine war escalates
Wheat prices have hit a three-year high, as fears of an escalation in the Russia-Ukraine war continue to grow.
₹22,000cr dues, ₹6.5cr payout: NCLT approves Subhash Chandra's plan
The National Company Law Tribunal (NCLT) has approved a repayment plan by media baron Subhash Chandra in his personal insolvency resolution process.
NVIDIA's revenue doubles to $96B as AI demand surges
NVIDIA has reported a massive surge in sales due to the global demand for artificial intelligence (AI) systems.
Thinking Machines Lab co-founder to join Google
Barret Zoph, the co-founder of artificial intelligence start-up Thinking Machines Lab, is set to join Google DeepMind as its Vice President of Research.
Lumino Industries IPO opens with 61% GMP: Apply or avoid?
The ₹700 crore initial public offering (IPO) from Lumino Industries, a leading player in India's power transmission and distribution sector, has opened for subscription today.
SoftBank may acquire 1X, an OpenAI-backed robotics start-up
SoftBank is in negotiations to buy a majority stake in 1X Technologies, a humanoid robot start-up backed by OpenAI, according to The Information.
NVIDIA to acquire Hugging Face for $12.9B
NVIDIA has agreed to acquire AI platform Hugging Face for a whopping $12.9 billion, according to The Information.
Meta agrees to $18B settlement over child safety
Meta has agreed to pay $18 billion in a settlement with 29 US states over claims that it endangered children on its platforms, particularly Instagram and Facebook.
Microsoft paid CEO Satya Nadella $96.5M in FY25
Microsoft has announced a record-breaking compensation package of $96.5 million for its CEO, Satya Nadella, for the fiscal year 2025.
Modi government may slash gold and silver import duties
The Indian government is considering a reduction in the import duties on gold and silver, as per Moneycontrol.
Meta settles social media addiction lawsuit in US for $16.68B
Meta Platforms, the parent company of Facebook and Instagram, has agreed to a massive settlement in a social media addiction lawsuit.
Is India's IPO boom sucking liquidity from stock market?
The Indian stock market has been on a downward trend for two years, with the Nifty 50 index declining by 2% over the last two years and 2.5% in the last year.
Qatar's LNG exports are down 96%. Reason? US-Iran war
The ongoing US-Iran conflict has taken a heavy toll on Qatar's economy, one of the world's top liquefied natural gas (LNG) exporters.
Flipkart Minutes overtakes Instamart's dark-store count in top 10 cities
Flipkart's quick commerce service, Minutes, has outpaced Swiggy's Instamart in terms of dark-store count and pincode coverage across India's top 10 cities.
Airbnb not a lucrative earning source for Indians anymore
Airbnb, once a lucrative platform for Indian homeowners to earn extra income, is witnessing a shift in its dynamics.
Volkswagen CEO booed by workers over mass layoffs, factory closures
Volkswagen's CEO Oliver Blume was met with boos and whistles at the company's headquarters.
Why flights in India are unlikely to become cheaper
Airfares in India and the Asia-Pacific region are likely to remain high, even with a decline in jet fuel prices.
Forget SpaceX, Anthropic sees more than $30T in potential revenue
Artificial intelligence (AI) company Anthropic is gearing up for its initial public offering (IPO) by pitching a whopping total addressable market (TAM) of over $30 trillion, as per the Wall Street Journal.
DeepSeek nears $74B valuation in new funding round before IPO
Chinese artificial intelligence (AI) start-up DeepSeek is close to completing a new funding round.
Air India, Drukair sign deal to boost India-Bhutan connectivity
Air India and Drukair-Royal Bhutan Airlines have announced an interline partnership to improve travel connectivity between India, Bhutan, and other international destinations.
Vi, BSNL agree on nationwide network sharing: Report
Vodafone Idea and Bharat Sanchar Nigam Limited (BSNL) have reached an agreement to expand network sharing across all telecom circles, CNBC Awaaz reported.
SRK-backed Pernia's Pop-Up is going public: All about the IPO
Purple Style Labs, the parent company of luxury fashion platform Pernia's Pop-Up Shop, has announced the price band for its initial public offering (IPO).
Why SoftBank is planning bond sale of up to $20B
SoftBank Group is in talks with investment banks over a possible bond sale of $10 billion to $20 billion.
Deloitte paying $21.5M to settle investigation into hiring practices
Deloitte, a leading accounting firm, has agreed to pay $21.5 million to settle a US Department of Justice (DOJ) investigation into its diversity and inclusion practices.
Why TikTok parent ByteDance has been fined $30M in Brazil
Brazil's data protection authority has slapped a hefty fine of nearly $30 million on ByteDance, the parent company of TikTok.
Modi government wants Apple to build component ecosystem in India
India is pushing Apple and its suppliers to set up a local component ecosystem for domestic use and exports, as per Moneycontrol.
Uber, Ola might stop operations in Pune from September 2
Cab aggregators, including major players like Uber and Ola, could face a ban on their operations in Pune starting September 2.
Zerodha, Angel One get SEBI approval to offer corporate bonds
Leading brokerage firms Zerodha and Angel One have received approval from the Securities and Exchange Board of India (SEBI) to offer corporate bonds on their platforms.
Oil prices fall as US eases military pressure on Iran
Oil prices witnessed a decline on Wednesday, amid reduced fears of military conflict. The United States is now focusing more on economic sanctions to pressure Iran.
Egg prices jump 40%: How ethanol is making breakfast costlier
Egg prices in India have seen a sharp spike, thanks to the rising diversion of maize for ethanol production.
Air India wants $1.5B funding from Tata Sons, Singapore Airlines
Air India is looking for a capital infusion of approximately $1.5 billion from its owners Tata Sons and Singapore Airlines, Reuters reported citing two people familiar with the matter.
Modi government to exempt high-tech sectors from getting BIS certification
Commerce and Industry Minister Piyush Goyal has announced that the government is working on a framework to exempt certain sectors from Bureau of Indian Standards (BIS) certification requirements.
Swiggy Dineout now lets you order food while watching movies
Swiggy Dineout, the dining and reservation arm of Swiggy, has launched a new service for moviegoers.
Indian taxpayer gets relief in an undisclosed foreign assets case
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has rejected an appeal by the Income Tax Department in a case involving alleged undisclosed foreign assets.
Moving abroad for work? You can withdraw your PF early
If you're planning to take up a job abroad, it's important to understand how your Employee Provident Fund (EPF) will be affected.
Indian companies to get DRDO missile tech for indigenous production
The Indian government's push for self-reliance in defense manufacturing has received a major boost.
India's gig economy is neglecting women, says study
A recent study by the International Labor Organization and the National Council of Applied Economic Research has highlighted the underrepresentation of women in India's fast-growing gig economy.
India-US bond-yield spread hits historic low: Should we be worried?
The gap between India's 10-year government bond yield and the US 10-year Treasury yield has shrunk significantly.
RBI's USD-INR forex swap facility attracts inflows worth $73B
The Reserve Bank of India's (RBI) special USD-INR forex swap facility has garnered $72.8 billion in foreign exchange inflows till August 21.
Volkswagen might slash around 140,000 jobs
Volkswagen AG's labor representatives have warned that the company's planned job cuts could affect as many as 140,000 positions.
Bitcoin hits 3-month high of $80,908: What's the reason?
Bitcoin has surged past the $80,000 mark for the first time since mid-May, extending a 23% weekly rally, its biggest in nearly three years.
Vi shares jump over 8%: What's behind the sharp rally?
Vodafone Idea's stock price surged by over 8% in intraday trade today, August 25. The surge has brought the stock close to its 52-week high of ₹15.34.
Augmont Enterprises IPO closes today as GMP stays above 40%
The bidding for Augmont Enterprises' initial public offering (IPO) closes today, August 25.
Smart ring maker Oura plans $3B IPO at $16B valuation
Oura, the innovative smart ring company with offices in San Francisco and Finland, is reportedly gearing up for a US initial public offering (IPO) next month.