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Business News

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23 Aug 2026
TL;DR

Delhi court permanently bars Sainus Pharmaceutical from using 'Udaan' trademark

A Delhi court has permanently barred Sainus Pharmaceutical from using the 'Udaan' trademark, citing infringement of RSPL Health's registered 'Udan' mark for sanitary napkins.

This hospitality chain is planning ₹1,000cr IPO by December

Pride Hotels, a leading hospitality chain, is gearing up for its initial public offering (IPO) by December.

23 Aug 2026
TL;DR

Brain drain and investor caution stall India's AI giant ambitions

India struggles to build globally competitive foundational AI companies as top talent remains concentrated in San Francisco and local investors avoid high-risk bets.

23 Aug 2026
TL;DR

Mango expands India presence to 76 outlets including 42 exclusives

Spanish fashion retailer Mango is experiencing swift growth in India, driven by premiumisation and strong demand for global brands, with plans to expand its presence further.

23 Aug 2026
Brazil

Commerce Secretary to visit Latin America, focus on trade ties

Commerce Secretary Rajesh Agrawal will be visiting Latin America from August 24 to 28.

23 Aug 2026
Blinkit

Flipkart Minutes closing in on Instamart's scale

Walmart-owned Flipkart is giving established players like Swiggy Instamart, Blinkit, and Zepto a run for their money in the quick-commerce space.

23 Aug 2026
TL;DR

Indian cybersecurity startups chase international deals up to 100x larger

As AI-driven cyber threats grow, Indian cybersecurity startups are targeting international markets for larger contracts, better margins, and enhanced credibility back home.

23 Aug 2026
TL;DR

FSSAI suspends Marche Retail 30 days, bans SDP Industries' ghee

The FSSAI has suspended Marche Retail's license for 30 days over serious non-compliances and prohibited SDP Industries from selling ghee due to adulteration concerns.

23 Aug 2026
TL;DR

India's state-owned IIFCL launches $1.8 billion infrastructure funding program

India Infrastructure Finance Company Ltd (IIFCL) has begun its $1.8 billion External Commercial Borrowing programme, raising $200 million initially.

23 Aug 2026
Anthropic

New York surpasses San Francisco as US's top tech hub

New York City has outpaced San Francisco as the leading hub for tech talent in the US, according to CBRE.

23 Aug 2026
SpaceX

SpaceX expands supply chain team in India amid Starlink delay

Elon Musk's SpaceX is expanding its supply chain team in India, despite the commercial launch of Starlink being stalled by pending security clearances.

23 Aug 2026
Alibaba Group

Alibaba to raise $10B via share sale for AI purposes

Chinese e-commerce and cloud computing giant Alibaba has announced plans to raise HK$80 billion (around $10.2 billion) through a share placement.

23 Aug 2026
Foreign Investment

FPIs invest over ₹23,500cr in Indian equities this August

Foreign portfolio investors (FPIs) have made a major investment in Indian equities this month, pumping in ₹23,544 crore so far.

23 Aug 2026
State Bank of India (SBI)

SBI's total business to reach ₹200L crore by 2030

State Bank of India's (SBI) total business could double to ₹200 lakh crore by 2030, Chairman C S Setty has said.

23 Aug 2026
Bharti Airtel

Market cap of India's top 4 firms down ₹87,960cr

Four of India's top 10 companies witnessed a massive erosion of ₹87,960 crore in their market capitalization last week.

AI creating more jobs than destroying them in India

A recent report by Nomura has revealed that artificial intelligence (AI) is creating more jobs than it is destroying in India.

23 Aug 2026
Starbucks

Starbucks India wants to match scale of Chinese outlets

Starbucks India, in partnership with Tata Consumer Products Ltd (TCPL), is gearing up to resume its aggressive store expansion strategy.

23 Aug 2026
TL;DR

Manoj Meena turned down ISRO to found Atomberg Technologies

Manoj Meena, an IIT Bombay graduate, turned down a coveted ISRO job to co-found Atomberg Technologies, now a Rs 1,000 crore smart appliance brand revolutionizing energy efficiency.

23 Aug 2026
TL;DR

Piyush Goyal leads largest-ever 200-plus Indian business delegation to Japan

Union Minister Piyush Goyal will lead India’s largest-ever 200-member business delegation to Japan from August 24-27, aiming to strengthen bilateral trade and investment ties.

23 Aug 2026
TL;DR

Alibaba to sell Hong Kong shares to raise $10 billion

Alibaba seeks to raise $10 billion through a share sale, aiming to bolster its global AI leadership by investing in full-stack capabilities and advanced infrastructure.

23 Aug 2026
TL;DR

Eric Schmidt, Sergey Brin at odds on Proposition 40 strategy

Google’s ex-CEO Eric Schmidt is reportedly unhappy with Sergey Brin over $100 million in political funds being used beyond their shared goal of defeating Proposition 40.

23 Aug 2026
TL;DR

India's top FMCG firms appoint new leaders amid consumer shifts

Indian FMCG giants are undergoing significant leadership transitions, aiming to enhance execution and adapt to challenges like uneven consumer demand and rising competition.

23 Aug 2026
TL;DR

SpaceX posts Bengaluru engineering roles as Starlink launch delayed

SpaceX has begun hiring for supply chain roles in Bengaluru, focusing on Starlink, despite its commercial launch in India being stalled due to pending security clearances.

23 Aug 2026
TL;DR

Pride Hotels plans ₹1,000cr IPO by December 2026 to expand

Pride Hotels aims to raise ₹1,000 crore through an IPO in December as it accelerates expansion across leisure, wedding, corporate events, and pilgrimage destinations.

23 Aug 2026
TL;DR

BSE, NSE and MCX remain open on Raksha Bandhan

The NSE and BSE will remain open for trading on Friday, August 28, as no holiday has been declared for Raksha Bandhan in the official stock exchange calendars.

23 Aug 2026
TL;DR

Foreign investors inject ₹23,544cr into Indian equities in August

Foreign Portfolio Investors (FPIs) invested Rs 23,544 crore in Indian equities this August, driven by earnings revival, rupee stability, and improved market prospects.

23 Aug 2026
TL;DR

Last week select Indian firms lost ₹87,960.29cr, Airtel hardest hit

The combined market valuation of four top-10 firms fell ₹87,960 crore last week, with Bharti Airtel suffering the steepest loss amid bearish equity trends and global uncertainties.

23 Aug 2026
TL;DR

Satya Nadella's fiscal 2025 pay hit about $96.5 million, up 22%

Microsoft CEO Satya Nadella’s $96.5 million pay package in 2025 reflects the board’s confidence in his leadership, emphasizing AI and cloud growth as central to Microsoft’s future.

23 Aug 2026
TL;DR

India and Chile accelerate free-trade talks over critical minerals

India and Chile are advancing Free Trade Agreement discussions, focusing on resolving market access and critical mineral issues to strengthen bilateral trade ties.

23 Aug 2026
TL;DR

India, Mexico likely to sign Terms of Reference in November

India and Mexico are set to finalise the Terms of Reference for a trade pact by November, aiming to mitigate tariff impacts on $2 billion worth of Indian exports.

23 Aug 2026
TL;DR

India ramps up South America trade as Rajesh Agrawal visits

India is advancing trade talks with South American nations, focusing on critical minerals and market expansion to diversify exports and strengthen bilateral ties.

23 Aug 2026
TL;DR

AI creates new roles but cuts entry-level jobs in India

AI is generating more jobs than it eliminates in India, but entry-level hiring is shrinking, leaving fresh graduates struggling to find opportunities.

23 Aug 2026
TL;DR

James Tillinghast sues Meta alleging firing tied to immigration letter

A former Meta manager has sued the company, alleging wrongful termination after refusing to sign an immigration letter he believed exaggerated an employee's contributions.

23 Aug 2026
TL;DR

NRIs wiring money to parents in India risk tax notices

Improper documentation of family remittances by NRIs to parents in India can lead to income tax scrutiny, despite such transfers being generally non-taxable.

23 Aug 2026
Visakhapatnam

Andhra Pradesh greenlights ₹31,400cr AI data center in Visakhapatnam

The Andhra Pradesh government has approved the establishment of a 512MW green integrated artificial intelligence (AI) data center in Visakhapatnam district.

23 Aug 2026
TL;DR

Tata Starbucks reaches 500 stores across 80 cities, plans expansion

Starbucks India, in partnership with Tata Consumer Products, is resuming aggressive store expansion after recalibrating its business model during a two-year slowdown.

23 Aug 2026
Indian Government

How Modi government plans to help local chip firms grow

The Indian government is working on a plan to help local semiconductor chip firms negotiate better terms with global foundries.

23 Aug 2026
Reserve Bank Of India (RBI)

Indian banks to remain closed on these days next week

Public and private sector banks across India will observe several holidays next week.

23 Aug 2026
India

India-US trade deal 'almost' finalized in principle: Sergio Gor

The India-US trade agreement is "almost" finalized in principle, according to US Ambassador to India Sergio Gor.

23 Aug 2026
SpiceJet

Why Cochin airport has accused SpiceJet of spreading misinformation

Cochin International Airport Limited (CIAL) has accused SpiceJet of spreading misinformation over flight disruptions at the airport.

23 Aug 2026
Donald Trump

Donald Trump made securities trades worth $263M in June

US President Donald Trump made over 1,000 securities trades in June alone.

23 Aug 2026
TL;DR

A91 Partners cashes out nearly ₹445cr from Atomberg, retains 21.02%

A91 Partners is poised to realise ₹445 crore from its stake in Atomberg Technologies, leveraging secondary share sales ahead of the company’s planned IPO.

23 Aug 2026
TL;DR

EPFO warns withdrawing PF before 10 years may forfeit pension

EPFO urges members to complete 10 years of eligible service, cautioning against premature PF withdrawals that may disrupt pension benefits and impact retirement financial security.

23 Aug 2026
TL;DR

Levi's doubles down on India with women's non-denim, ₹2,223.4cr revenue

Levi Strauss & Co. is diversifying in India, focusing on women’s apparel, non-denim, and premium products as key growth drivers in one of its top global markets.

23 Aug 2026
TL;DR

NVIDIA hikes AI server prices 15% plus for early-next-year shipments

Nvidia has reportedly informed major customers, including Microsoft and Google, about a 15% price hike on AI servers, citing rising memory chip costs and surging demand.

23 Aug 2026
TL;DR

Indian government to pool fabless chip orders for foundry deals

The Indian government aims to pool orders from fabless semiconductor firms, enhancing their bargaining power with global foundries, says MeitY secretary S. Krishnan.

23 Aug 2026
TL;DR

China's offshore wealth crackdown trims top 25 luxury sales

China's luxury market faces a sharp decline as a tax crackdown on offshore wealth curbs spending by affluent consumers, with major brands reporting double-digit sales drops.

23 Aug 2026
TL;DR

Anthropic expected to cite public AI backlash as IPO risk

Anthropic is reportedly acknowledging public concerns about AI in its upcoming IPO prospectus, highlighting protests and political opposition as key risk factors for investors.

22 Aug 2026
Lenskart

SoftBank to sell 2.6% stake in Lenskart for $300M: Report

SoftBank Vision Fund II Lightbulb Cayman is planning to sell up to a 2.6% stake in Lenskart, people familiar with the matter told CNBC-TV18.

22 Aug 2026
Maharashtra

Modi government clears LPG pipeline expansion project worth ₹7,000cr

India's oil regulator has approved the construction of nearly 1,800km of new Liquefied Petroleum Gas (LPG) pipelines.

22 Aug 2026
Tata Sons

AGM delay effect: Tata Trusts is losing ₹55.6L per day

A complaint has been filed with the Maharashtra Charity Commissioner against the trustees of Sir Ratan Tata Trust (SRTT).

22 Aug 2026
Meesho

Y Combinator to sell 1% stake in Meesho for ₹957cr

Y Combinator is planning to divest up to 1.05% of its stake in Meesho. The move could fetch the company a whopping ₹957.5 crore.

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.

22 Aug 2026
Apple

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.

22 Aug 2026
Indian Government

Centre removes 12-minute/hour cap on TV ads

The Indian government has scrapped the 12-minute-per-hour cap on television advertisements.

22 Aug 2026
Apple

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.

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.

22 Aug 2026
Mutual Funds

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.

22 Aug 2026
NASA

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.

22 Aug 2026
Uber

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.

22 Aug 2026
Harry Potter

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.

22 Aug 2026
Ashwini Vaishnaw

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.

22 Aug 2026
NVIDIA

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.

22 Aug 2026
United States of America

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.

22 Aug 2026
TikTok

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).

22 Aug 2026
Apple

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.

21 Aug 2026
Brazil

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).

21 Aug 2026
China

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.

21 Aug 2026
Reserve Bank Of India (RBI)

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.

21 Aug 2026
South Korea

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.