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Why India's private credit funds are turning to AI
India's private credit funds are increasingly adopting artificial intelligence (AI) into their operations, a recent EY report has shown.
India and Canada hold inaugural Finance Ministers dialogue in Toronto
India and Canada will hold their first Finance Ministers’ Economic and Financial Dialogue in Toronto on August 26-27, focusing on sustainable growth and investment.
SEBI simplifies fund reporting to improve clarity, Tuhin Kanta Pandey
SEBI Chairman Tuhin Kanta Pandey announced a review of the framework for monitoring and disclosing issue proceeds to enhance transparency and streamline compliance.
Apple may expand India operations beyond iPhones: Ashwini Vaishnaw
Apple may expand its manufacturing operations in India beyond iPhones, Union Electronics and IT Minister Ashwini Vaishnaw said.
Centre removes 12-minute/hour cap on TV ads
The Indian government has scrapped the 12-minute-per-hour cap on television advertisements.
Apple's iPhone shipments expected to fall 2.1% in 2026
Apple is likely to witness a decline in its smartphone shipments by some 2.1% in 2026, according to a report by Counterpoint Research.
Gemini Edibles & Fats India files full offer-for-sale IPO
Hyderabad-based Gemini Edibles & Fats India (GEF) has filed draft papers with SEBI for an offer-for-sale IPO of up to 4.11 crore equity shares by promoters and investors.
Reserve Bank of India says banks raised $72.8 billion overseas
Indian banks secured $72.8 billion through overseas borrowings, including $65.4 billion from FCNR deposits, with a discounted forex swap facility set to close on August 31.
Nuvama Research: India adding 45-50 GW annually next 2 years
India is poised to add 45-50 GW of renewable energy annually over the next two years, driven by a robust pipeline of projects awaiting power purchase agreements (PPAs).
PNGRB authorizes nearly 1,800km LPG pipelines connecting 6 states
India's oil regulator has approved 1,800 km of new LPG pipelines across six states, aiming to enhance fuel supply efficiency and reduce reliance on road transport for distribution.
Bitcoin rises nearly 23%, trading near $78,000 amid ETF inflows
Bitcoin soared nearly 23% in a week to approach $78,000, driven by strong ETF inflows, improving liquidity expectations, and reduced Federal Reserve tightening concerns.
SEBI proposes new initiative for retail participation in corporate bonds
The Securities and Exchange Board of India (SEBI) has proposed a new initiative to expand retail participation in corporate bonds and other fixed income securities.
SpaceX hires natural gas trading lead for rockets and chipmaking
SpaceX is hiring a natural gas trader to lead its trading team, supporting the company’s growing energy needs for rocket propellant and semiconductor manufacturing projects.
India's mutual fund association announces initiatives to boost investor participation
The Association of Mutual Funds in India (AMFI) has announced five key initiatives to deepen mutual fund participation and strengthen investor awareness across the country.
Apple 2026 shipments to fall 2.1%, analysts predict 2027 rebound
Apple's smartphone shipments are projected to drop by 2.1% in 2026, driven by potential pricing changes and product cycle adjustments, before rebounding with 2.8% growth in 2027.
HDFC Mutual Fund, Axis Mutual Fund resume gold ETF subscriptions
HDFC and Axis Mutual Fund have lifted restrictions on subscriptions to their gold ETFs and gold ETF FoFs, following similar moves by Tata and Aditya Birla Sun Life.
Indian private credit funds lean into AI, EY survey shows
Indian private credit funds are leveraging AI for deal sourcing and underwriting, with 67% using it moderately and 11% deeply integrating it into investment processes, EY reports.
Zee Entertainment issues 20,94,47,805 convertible warrants to Sunbright Mauritius
Zee Entertainment Enterprises Limited (ZEEL) has issued 20.94 crore fully convertible warrants to Sunbright Mauritius Investments at ₹126 each, boosting promoter-group ownership.
Apple may expand India manufacturing to MacBooks, Ashwini Vaishnaw says
Apple may expand its manufacturing in India to include MacBooks and iPads, as hinted by Union Electronics and IT Minister Ashwini Vaishnaw under the new MPMS initiative.
Vast cuts 46 jobs despite $500M funding, space station plans
California-based space station start-up Vast has laid off 46 employees, or about 4% of its workforce, according to Business Insider.
Why Uber is facing $966M fine in the Netherlands
Uber has been slapped with a fine of €825 million ($966 million) by the Dutch Data Protection Authority.
Harry Potter, Hello Kitty merchandise now available on Swiggy Instamart
Swiggy Instamart has teamed up with global lifestyle retailer MINISO to offer a range of over 90 products in key metro cities.
India to have homegrown smartphone brand by mid-2027: Ashwini Vaishnaw
India is all set to witness the emergence of a competitive homegrown mobile phone brand by mid-2027, Electronics and IT Minister Ashwini Vaishnaw announced.
India's July 2026 merchandise trade deficit hits $31.98 billion
India's goods trade deficit reached a six-month high of $31.98 billion in July, driven by rising oil and electronics imports amid Middle East conflict impacts.
US Treasury doubles long-term bond buybacks, Bitcoin hits $78,000
A U.S. Treasury buyback announcement halved long-term bond yields, triggering a $4 billion short squeeze and propelling bitcoin's price up 25% to nearly $80,000 within days.
Indian startups raise $198.33 million across 21 deals, up 31%
Indian startups raised $198.33 million across 21 deals this week, marking a 31% increase from the previous week's $151.5 million. The period also saw two key acquisitions.
NVIDIA partners with Cloverleaf to invest in AI data centers
NVIDIA has announced a partnership with Cloverleaf Infrastructure, a company specializing in the development of data centers.
US imposes 50% tariff on Canadian goods as talks fail
The United States has imposed a 50% tariff on billions of dollars worth of Canadian goods after last-minute trade talks between the two nations collapsed.
TikTok agrees to $400M settlement over child privacy lawsuit
TikTok and its parent company ByteDance have agreed to a $400 million settlement with the US Department of Justice (DOJ).
Sugar futures head for biggest weekly gain since May 2025
Sugar futures in New York surged nearly 6% this week, driven by tight supplies in India and uncertainty over global demand despite increased production from Brazilian mills.
Apple cuts 200+ jobs across Siri and Vision Pro divisions
Apple has cut more than 200 positions from its Siri and Vision Pro teams, according to Bloomberg.
NVIDIA earnings August 26 and Jackson Hole test tech demand
Nvidia's earnings and the Fed's Jackson Hole symposium will scrutinize the sustainability of this year's AI-driven stock rally amid rising bond yields and economic uncertainty.
SEBI proposes FICP network as corporate bond market tops 60L/cr
Sebi plans to introduce Fixed Income Channel Partners (FICP) to enhance retail participation in corporate bonds, focusing on expanding access in Tier-2 and Tier-3 cities.
Kedia Securities buys 2 million Zaggle shares after 20% dip
Vijay Kedia's Kedia Securities recently acquired 2 million shares of Zaggle Prepaid, a SaaS fintech firm, after the stock hit its 52-week low amid profitability concerns.
Bengaluru startup ToneTag's eKosha upgrades soundboxes with multilingual banking
ToneTag, a Bengaluru-based startup, aims to revolutionize India’s soundboxes by integrating voice-enabled banking services and credit access for small merchants.
NVIDIA partners with Cloverleaf Infrastructure to scale AI data centers
Nvidia has partnered with Cloverleaf Infrastructure, investing several hundred million dollars to bolster AI data center development and sustain its AI-driven growth.
Rillet raises $100 million, reaches $1B valuation in 2 days
AI accounting startup Rillet secured $100M at a $1B valuation within 48 hours, leveraging rapid growth, top-tier investors, and its disruptive edge over legacy competitors.
TikTok and ByteDance to pay $400 million in underage data settlement
TikTok and ByteDance agreed to a $400 million settlement with the DOJ over allegations of violating COPPA by collecting data from children under 13 without parental consent.
Sabyasachi Mukherjee's label to launch fragrance and small leather goods
Sabyasachi Mukherjee's brand plans to launch fragrances, footwear, and small leather goods, aiming to evolve into India's first global luxury lifestyle house.
India's informal nonfarm sector shrinks as jobs fall 9.7%
India's unincorporated non-farm sector shrank in April-June FY27, with establishments dropping 5.4% and employment falling 9.7% sequentially, following a strong March quarter.
Uber fined €825 million in Netherlands for not notifying drivers
The Netherlands fined Uber 825 million euros for deactivating drivers' accounts without notice, citing violations of European data regulations on automated decision-making.
Indian banks raise $12 billion abroad using RBI 1-time swap
Indian banks leveraged the RBI's special swap facility to raise $12 billion overseas in 2026, capitalizing on strong global demand for local banking bonds and competitive rates.
India, Brazil sign telecom MoU to boost digital cooperation
India and Brazil have signed a memorandum of understanding (MoU) to strengthen their cooperation in telecommunications and information and communications technologies (ICT).
NVIDIA denies reports of China-specific AI chip launch this year
NVIDIA has denied a recent report by The Information that claimed the company was planning to ship a language processing unit (LPU) specifically designed for Chinese customers by the end of this year.
India's FY27 growth may beat RBI's 6.7% forecast
India's economic growth could exceed the Reserve Bank of India's (RBI) projection of 6.7% for the current fiscal year, RBI Deputy Governor Poonam Gupta has said.
Hyundai's union stages 1st full strike in a decade
Hyundai Motor's South Korean union has staged its first full strike in a decade. The move comes after wage talks between the two sides stalled.
India plans $1.2B incentive scheme to boost local machinery production
India is on the verge of approving a $1.2-billion incentive scheme to promote domestic production of high-value, technologically advanced construction and infrastructure equipment, according to Reuters.
Ex-Google engineer's conviction of stealing AI secrets partly overturned
A US federal judge has overturned part of the conviction of Linwei Ding, a former Google engineer accused of stealing artificial intelligence (AI) trade secrets from the tech giant.
Flipkart's leadership churn deepens as 2 VPs quit
E-commerce giant Flipkart is witnessing a major leadership shake-up with the exit of two senior executives.
Atomberg files IPO papers for ₹450cr fresh issue
Mumbai-based consumer appliances manufacturer Atomberg Technologies has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
Abbott agrees to $670M settlement over infant formula lawsuits
Abbott Laboratories has agreed to a $670 million settlement to partially resolve ongoing litigation over its specialty formulas for preterm infants.
Citigroup to join Anthropic's IPO advisory team
Anthropic, a leading player in the artificial intelligence space, is adding Citigroup Inc. to its list of banks for its initial public offering (IPO), according to Bloomberg.
Amazon fined ₹1L for selling sweets as Ram Mandir prasad
The Central Consumer Protection Authority (CCPA) has slapped a fine of ₹1 lakh on Amazon Seller Services.
Augmont Enterprises IPO opens with 38% GMP: Apply or avoid?
Jewelry and bullion platform Augmont Enterprises has opened its initial public offering (IPO) for subscription today. The three-day bidding window will remain open till August 25.
Apple lays off over 60 employees from Vision team
Apple has laid off more than 60 employees from its Vision team, according to AppleInsider.
Bitcoin jumps past $75,500 to hit 6-month high
Bitcoin has crossed the $75,500 mark for the first time since early February 2026.
India's private sector activity recovers slightly in August
India's private sector activity saw a slight recovery in August, according to the latest data from S&P Global.
OpenAI regains ground against Anthropic in business sector
OpenAI, the artificial intelligence (AI) powerhouse behind ChatGPT, is closing the gap with its competitor Anthropic in the US business sector.
Gold up 11% in August: What's driving the latest rally?
Gold prices are set to witness their third consecutive weekly gain after the US Treasury's unexpected increase in buybacks of long-dated government debt.
Technocrats Plasma Systems IPO lists at 74% premium
Technocrats Plasma Systems Ltd. made a stellar debut on the stock market today, with its shares opening at ₹230 per share on BSE.
Anthropic aims to break SpaceX's record IPO
Anthropic, the artificial intelligence (AI) company behind Claude, is gearing up for a potential initial public offering (IPO).
India allows tax-free sugar imports to bring down domestic prices
In a major policy shift, the Indian government has allowed duty-free imports of raw sugar.
Oil prices near $95 amid US-Iran war concerns
Oil prices remained stable on Friday, but are on track for a second consecutive weekly gain.
India's mutual fund industry grows 143% in last 5 years
India's mutual fund industry has witnessed a massive growth of 143% in the last five years, with the total assets under management (AUM) reaching an impressive ₹85.76 lakh crore in July 2026.
Budget smartphone shipments fall sharply as 'RAMpocalypse' hits India
India's smartphone market, the second largest in the world, is witnessing a major shift.
Gen Z investors lead India's new investing wave
India's retail investing landscape is witnessing a major transformation, with an increasing number of young investors from Tier-2 and Tier-3 cities.
OpenAI plans IPO in 2027, CFO tells staff
OpenAI's Chief Financial Officer (CFO) Sara Friar has told employees that the artificial intelligence (AI) lab is planning to go public in 2027.
Did Musk's SpaceX try to acquire Cognition?
Cognition, an AI coding start-up, has denied rumors of a potential acquisition by Elon Musk's SpaceX.
Apple opposes OpenAI's bid to dismiss trade secret lawsuit
Apple has responded to OpenAI's motion to dismiss a lawsuit filed recently by the iPhone maker.
Sensex gains over 650 points: What's behind today's rally?
The Indian stock market made a comeback on Thursday, with the Sensex and Nifty indices witnessing significant gains.
Tempsens IPO fully subscribed in an hour, GMP hits 77%
Tempsens Instruments (India)'s ₹650-crore initial public offering (IPO) was fully subscribed within its first hour on Thursday, propelled by strong retail and non-institutional demand.
Evergrande founder jailed for life after property giant's $300B collapse
Hui Ka Yan, the billionaire founder of China's Evergrande Group, the world's most indebted property developer, has been sentenced to life imprisonment by a Chinese court.
Sachin Bansal's Navi raises $100M at $1.3B valuation
Navi, the fintech company founded by Flipkart co-founder Sachin Bansal, has raised $100 million in its first institutional funding round.
Meta launches Startup School to help early-stage Indian brands scale
Meta has announced the launch of the 'Meta Startup School,' to help early-stage consumer brands in India.
Cognition denies report that SpaceX tried to acquire AI start-up
Scott Wu, the CEO of AI coding start-up Cognition, has denied a recent report claiming that Elon Musk's SpaceX attempted to acquire his company.
Brent crude crosses $92 as oil rises for 5th session
Oil prices have surged for the fifth consecutive session, with Brent crude, the global oil benchmark, crossing $92 a barrel.
Trump urges Fed to lower interest rates
US President Donald Trump has urged the Federal Reserve to lower interest rates in its next policy meeting.
US national debt crosses $40 trillion for first time
The United States' national debt has surpassed the $40 trillion mark for the first time in history, according to government data.
SEBI bars JPMorgan unit from markets over alleged manipulation
The Securities and Exchange Board of India (SEBI) has banned a Mauritius-based unit of JPMorgan Chase & Co. from the capital market.
Chipmaker Marvell wants Google to buy stake worth around $12.18B
Marvell Technology has issued a warrant to Alphabet's Google, giving the tech giant an option to buy a stake worth about $12.18 billion.
SBI to revise cash withdrawal charges from October 1
The State Bank of India (SBI) will revise its charges for cash withdrawals from Basic Savings Bank Deposit (BSBD) accounts operated through the branch channel starting October 1, 2026.
Copper sees price correction: What it means for India
Copper prices have witnessed a major correction today, their biggest single-day fall in over three weeks.
SEBI to let NRIs complete investment KYC digitally from abroad
The Securities and Exchange Board of India (SEBI) is looking to simplify the process of investing in Indian financial markets for Non-Resident Indians (NRIs).
Union Cabinet clears ₹13,041 crore rail and road projects
The Union Cabinet has approved five infrastructure projects worth ₹13,041 crore.
CRED launches Circle for paid advice from experienced peers
CRED has launched a new platform, Circle by CRED, to connect its users with people with relevant professional or personal experience in various fields such as careers, finance, wellness, and relationships.
Zepto won't offer you free delivery for orders below ₹199
Zepto, a leading player in the quick commerce industry, has increased its minimum order value (MOV) for free delivery from ₹149 to ₹199.
Why foreign inflows in Asian bonds have hit 4-month low
Foreign investment in major Asian bond markets fell to a four-month low in July, according to Reuters.
Groww-rival Upstox wants to raise $400M via IPO in India
Upstox, one of India's leading online trading platforms and backed by Tiger Global Management LLC, is said to be planning an initial public offering (IPO).
Disney sues Trump administration over 'ABC' censorship
Disney has filed a lawsuit against the Federal Communications Commission (FCC) and its Chairman Brendan Carr.