Business News
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Federal Reserve expected to hold rates at 3.50% to 3.75%
The Federal Reserve, led by Chairman Kevin Warsh, is expected to keep interest rates steady amid persistent inflation concerns and geopolitical tensions impacting energy prices.
CGST arrests 4 in Gurugram ₹200cr input tax credit fraud
Four individuals, including two startup founders and two chartered accountants, were arrested in Gurugram for a ₹200-crore input tax credit scam involving fake invoices.
Oil tops $100 a barrel as central banks meet soon
Crude oil's brief surge above $100 raises inflation concerns, prompting central banks across the G7 to assess potential interest rate moves amid global economic uncertainty.
ED freezes properties worth ₹332.24cr linked to Prabhudas Virchand Lotia
The Enforcement Directorate attached Hotel Rangsharda and a Prabhadevi land parcel worth ₹332.24 crore, alleging misuse of MHADA-allotted land for commercial purposes.
Gold nudges to about $4,063 while silver rises 1.6%
Gold prices rose above $4,060 an ounce as Middle East conflict and inflation concerns fueled speculation over potential Federal Reserve interest rate hikes.
Ajay Seth at IBAI urges insurance products fit all budgets
IRDAI chairman Ajay Seth emphasized making insurance products available, accessible, and affordable for diverse societal and economic segments nationwide.
Warner Bros. Discovery sues Amazon over alleged poaching of employees
Warner Bros. Discovery has filed a lawsuit against Amazon, accusing the tech giant of illegally poaching its employees.
Violent attacks on crypto holders surge 33% globally
The world of cryptocurrency is witnessing a worrying trend: a rise in violent attacks against crypto holders.
ED chargesheets 3 founders of real-money gaming firms
The Enforcement Directorate (ED) has filed a prosecution complaint against Gameskraft Technologies and RummyTime Technologies under the Prevention of Money Laundering Act (PMLA).
Rivian sues US government, seeks refund of Trump-era tariffs
American electric vehicle (EV) manufacturer Rivian has filed a lawsuit against the US government, demanding a "full refund" of tariffs paid under President Donald Trump's "Liberation Day" taxes.
Trump vows to investigate EU fines levied against US companies
US President Donald Trump has announced plans to investigate the European Union's (EU) fines on American tech giants like Apple, Google, and Meta.
Apple, Micron clash before Trump over Chinese chip suppliers
Apple is facing resistance from Micron, the only sizable US maker of memory chips, in its bid to use memory chips from Chinese suppliers.
45% of India's US exports will avoid new 10% tariff
The United States has placed India in a lower tariff bracket of 10% under its Section 301 measures, which are related to forced labor concerns.
IDFC First Bank's Q1 profit jumps 132.4% to ₹1,075cr
IDFC First Bank has announced its first-quarter financial results for FY27, ending June 30.
AU Bank's Q1 profit rises 37% YoY to ₹796cr
AU Small Finance Bank has reported a whopping 37% year-on-year (YoY) increase in its net profit for the first quarter of FY27.
PhonePe's revenue in FY26 rises 11% to ₹7,920cr
PhonePe, India's largest digital payments platform, reported an 11% rise in consolidated revenue for FY26, reaching ₹7,920 crore from ₹7,115 crore in FY25.
Samsung bags $200B chip supply deal from Broadcom
Samsung Electronics has bagged a massive contract worth over $200 billion from Broadcom.
India's forex reserves surge by $1.08B to $676.237B
India's foreign exchange reserves rose by $1.08 billion to touch $676.237 billion in the week ended July 17, data released by the Reserve Bank of India (RBI) has showed.
Why Trump has ordered Section 301 investigation into EU
US President Donald Trump has slammed the European Union (EU) for imposing an €890 million ($1 billion) fine on Google.
Defense giant Anduril eyes $100B valuation in new funding
Anduril, a leading player in the defense tech sector, is reportedly in talks to raise new capital at a whopping $100 billion valuation.
SBI Cards Q1 results: Net profit rises 19.5% to ₹664cr
SBI Cards and Payment Services Ltd, India's leading pure-play credit card issuer, has reported a 19.5% year-on-year rise in net profit for the first quarter of FY27.
Why Trip.com has been fined $770M in China
China's market regulator has slapped a massive penalty of CNY 5.2 billion ($770 million) on Trip.com Group for abusing its dominant position in the country's online hotel-booking market.
Sam Altman's World start-up raises $52.5M via crypto sale
World, the online verification start-up co-founded by OpenAI's Sam Altman, has raised $52.5 million through a crypto token sale.
Volkswagen engineers charged with $300,000 insider trading scheme
The US Department of Justice has charged two Volkswagen engineers, Michael Stamp and Marcus Plank, with securities fraud.
LinkedIn co-founder's AI start-up to raise funds at $1B valuation
Prentis, a new artificial intelligence (AI) research lab focused on computer use models, is in talks to raise $100 million at a valuation of $1 billion.
Paramount's $110B merger with Warner Bros paused until June 2027
Paramount Skydance has agreed to pause its $110 billion acquisition of Warner Bros. Discovery, until a court rules on a lawsuit filed by 12 US states challenging the deal or until June 1, 2027.
ITR deadline: 5 penalties taxpayers can face for late filing
Income tax authorities have highlighted different consequences for various defaults or irregularities in tax filing.
NVIDIA signs $1.5B chip packaging deal with Amkor
NVIDIA has signed a multi-year agreement worth $1.5 billion with Amkor Technology, a leading semiconductor packaging company.
Flipkart to launch food delivery service in coming weeks
Walmart-owned e-commerce giant Flipkart is gearing up to enter India's online food delivery space. The company will be taking on established players like Zomato and Swiggy.
India's private sector growth hits 4-year low in July
India's private sector growth has hit a four-year low in July, mainly due to a sharp slowdown in the services sector.
Patreon lays off 20% of workforce
Patreon, the popular content subscription platform, has announced a major layoff, cutting 20% of its workforce. The decision affects around 93 employees.
Oracle bags Pentagon software deal worth $7B
The US Department of Defense has awarded a nearly $7 billion contract to Oracle, the tech giant co-founded by billionaire Larry Ellison.
Sensex tanks 900 points: Key reasons behind today's decline
India's benchmark equity indices opened sharply lower today, marking the fifth consecutive session of losses.
Manipal Health fixes price band for ₹9,275cr IPO
Manipal Health Enterprises, the owner of the Manipal Hospitals chain, will launch its maiden public issue on July 29.
Brent crude tops $100 for first time since May
Brent crude oil prices have surged above $100 per barrel for the first time since May.
UAE to adopt India's DigiLocker for academic document verification
India and the United Arab Emirates (UAE) are working together to integrate India's DigiLocker with UAE's digital platforms.
SEBI proposes greater flexibility for portfolio managers investing client funds
The Securities and Exchange Board of India (SEBI) has proposed changes to its regulations governing portfolio management services (PMS).
Infosys Q1 profit rises 12% to ₹7,769cr
Infosys has reported a 12.3% year-on-year (YoY) increase in its consolidated profit for the April-June quarter of FY27.
JPMorgan to hire around 1,000 tech professionals in India
JPMorgan Chase has announced plans to hire around 1,000 technology professionals for its Global Capability Centers (GCCs) in India.
What is Fund My Staff, Ashneer Grover's new fintech start-up?
Ashneer Grover, the former MD and co-founder of BharatPe, has launched a new fintech platform called Fund My Staff.
EU fines Google $1B for Search and Play Store violations
The European Commission has slapped a hefty €890 million ($1 billion) fine on tech giant Google.
Google posts negative cash flow for 1st time since IPO
Google's parent company, Alphabet, has reported a negative free cash flow of $5.9 billion in the second quarter of 2026.
Blinkit grows bigger and more profitable
Eternal's latest shareholder letter reveals that Blinkit has grown nearly as big as Zepto and Swiggy Instamart combined. The company also remained profitable during this period.
CGHS pensioner cards go paperless via Bhavishya portal
The Ministry of Health and Family Welfare (MoH&FW) has launched a paperless application process for the Central Government Health Scheme (CGHS) pensioner card.
Amazon lays off employees in AGI unit
Amazon has announced another round of layoffs, this time targeting its Artificial General Intelligence (AGI) unit.