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Business News

No jargons, no mumbo-jumbo. Read the unadulterated Business news here.

26 Jul 2026
TL;DR

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.

26 Jul 2026
TL;DR

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.

26 Jul 2026
TL;DR

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.

26 Jul 2026
TL;DR

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.

26 Jul 2026
TL;DR

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.

26 Jul 2026
TL;DR

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.

25 Jul 2026
Amazon

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.

25 Jul 2026
Bitcoin

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.

25 Jul 2026
Bengaluru

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).

25 Jul 2026
Donald Trump

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.

25 Jul 2026
Apple

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.

25 Jul 2026
Apple

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.

25 Jul 2026
United States of America

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.

25 Jul 2026
Finance

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.

25 Jul 2026
Finance

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.

25 Jul 2026
PhonePe

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.

25 Jul 2026
Samsung Electronics

Samsung bags $200B chip supply deal from Broadcom

Samsung Electronics has bagged a massive contract worth over $200 billion from Broadcom.

25 Jul 2026
Reserve Bank Of India (RBI)

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.

25 Jul 2026
Donald Trump

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.

25 Jul 2026
Drones

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.

25 Jul 2026
State Bank of India (SBI)

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.

25 Jul 2026
China

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.

25 Jul 2026
Sam Altman

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.

25 Jul 2026
Volkswagen

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.

25 Jul 2026
Paramount Pictures

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.

24 Jul 2026
Income Tax Return

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.

24 Jul 2026
NVIDIA

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.

24 Jul 2026
Flipkart

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.

24 Jul 2026
Indian Economy

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.

24 Jul 2026
Layoff News

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.

24 Jul 2026
Donald Trump

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.

24 Jul 2026
Sensex

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.

24 Jul 2026
Yemen

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.

23 Jul 2026
Abu Dhabi

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).

23 Jul 2026
Infosys

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.

23 Jul 2026
Bengaluru

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.

23 Jul 2026
Ashneer Grover

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.

23 Jul 2026
Europe

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.

23 Jul 2026
Anthropic

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.

23 Jul 2026
Blinkit

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.

23 Jul 2026
Amazon

Amazon lays off employees in AGI unit

Amazon has announced another round of layoffs, this time targeting its Artificial General Intelligence (AGI) unit.