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India data center capacity expected 2.8-3 GW by 2030
India's data centre industry holds significant potential, but execution hurdles like power connectivity and equipment delays may slow capacity growth to 2.8-3 GW by 2030.
Finance Minister Nirmala Sitharaman tables taxation bill in Lok Sabha
Union Finance Minister Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026, proposing free notified digital payments and tax reforms across industries.
Bengaluru startup Simplismart to raise nearly ₹97cr in Series B
Generative AI startup Simplismart is raising $9 million in a Series B round led by Dallas Venture Capital, with participation from Accel India and others.
Bitcoin holds near $63,500 after upbeat US data, Ethereum struggles
Bitcoin nears $64,000 as stronger US manufacturing data boosts investor confidence, though weak spot demand and inconsistent ETF flows continue to cap broader market gains.
Mohalla Tech plans up to ₹100cr for AI micro-dramas 2026
Mohalla Tech plans to invest Rs 100 crore by 2026 to scale AI-generated micro-drama production, aiming to reduce costs by 70% and expand content offerings across its platforms.
Top 4 PSBs attract nearly $21bn FCNR-B after RBI incentives
Public sector banks outpaced private lenders in FCNR-B deposit mobilisation, with top PSBs amassing $21 billion compared to $18.5 billion by leading private banks.
Dr. Reddy's Laboratories launches generic sugammadex in US for surgery
Dr Reddy's Laboratories has introduced the generic Sugammadex injection in the US, expanding its hospital portfolio and enhancing access to affordable surgical medicines.
ITAT Chennai cancels ₹1.92L penalty, experts say taxpayers remain liable
Taxpayers are legally accountable for their income tax returns, even if errors arise from their consultant's mistakes, as highlighted by a recent ITAT Chennai ruling.
EPFO reminds members to check DOJ and DOE details
EPFO has cautioned members to review and correct their Date of Joining and Exit details, as inaccuracies could delay PF claims, transfers, and pension benefits processing.
BP posts 148% Q1 profits at $5.7bn after Iran conflict
BP's quarterly profits surged to $5.7bn, more than doubling from last year, as the Iran war disrupted global oil supply and drove up fossil fuel prices.
SOX in bear territory as chip stocks lose $1 trillion
Semiconductor stocks face a sharp selloff, erasing over $1 trillion in market value, as concerns over an AI bubble and China's chipmaking advancements weigh heavily on the sector.
Deloitte India-FICCI urges tighter AI rules for FMCG retail e-commerce
India’s consumer sector faces growing challenges as AI adoption expands in pricing, advertising, and influencer marketing, highlighting the need for robust governance frameworks.
Toyota raises ¥3.4T operating profit forecast and unveils $6.3B buyback
Toyota announced a ¥1 trillion ($6.3 billion) share buyback and raised its annual profit outlook by over 10%, driven by strong hybrid demand and a weaker yen.
India halts LIC stake sales for 2 to 3 years
The government has assured no additional stake sale in LIC for 2-3 years, as it launches a 2.5% equity offer with a 4% green shoe option.
Sensex up over 0.60% while Nifty falls after SEBI cas
On Tuesday, 4 August, Sensex rose 0.60% while Nifty 50 dropped over 1%, driven by the new Closing Auction Session mechanism introduced to enhance end-of-day price discovery.
Markets pause after 4-day rally as Sensex and Nifty slip
Sensex dropped 750 points from its day's high, while Nifty fell below 24,500 due to profit booking and sectoral weakness, with IT and banking indices leading the decline.
Indian chip startups design impressive chips but struggle to commercialize
Indian semiconductor startups are achieving design milestones like tape-outs, but the real test lies in converting these achievements into revenue by securing paying customers.
SoftBank Group earnings due amid record net profit, $30B obligations
SoftBank's ambitious $60 billion investment in OpenAI faces mounting investor concerns over rising debt and funding challenges, as analysts await its first-quarter earnings report.
Dario Amodei urges mission focus over big AI paychecks
Anthropic CEO Dario Amodei opposes the escalating competition for AI researchers driven by massive salaries, as Meta and others intensify their hiring sprees.
EPFO e-office app offline Wednesday August 5 for NIC upgrades
The EPFO e-Office app will be unavailable on August 5, 2026, from 6:00 PM to 9:30 PM due to scheduled system upgrades by the NIC e-Office team.
Unity Small Finance Bank introduces tiered savings and FD rates
Unity Small Finance Bank has increased savings account interest rates to up to 7% annually and fixed deposit rates to up to 8.5% for senior citizens.
JioBlackRock launches 1st ETF tracking Nifty 50 for Indian investors
JioBlackRock Asset Management debuts in India's ETF market with the JioBlackRock Nifty 50 ETF, offering investors exposure to the top 50 companies on the Nifty 50 Index.
Incoming CEO John Ternus hires retired Laura Legros as VP
Incoming Apple CEO John Ternus has rehired retired hardware executive Laura Legros to join his management team, signaling his intent to reshape the company’s leadership structure.
Saudi Aramco posts 33% Q2 profit rise to $33.4 billion
Saudi Aramco's Q2 profit soared 33% to $33.4 billion, fueled by war-driven oil price spikes and strategic export rerouting via the Red Sea amid Strait of Hormuz disruptions.
Indian IT firms pivot to $1 million-$20 million short-term contracts amid AI
India's IT sector is focusing on short-cycle projects as AI reshapes traditional work, addressing slow revenue realization and cautious client spending.
FAA certifies Boeing 737 MAX 7 after years of scrutiny
Boeing's 737 MAX 7, the smallest variant of its best-selling aircraft family, has been certified by the US Federal Aviation Administration (FAA).
India seeks parliamentary approval: tax reforms to attract foreign funds
India plans tax exemptions for foreign investors and manufacturers, aiming to boost local production and attract global funds amidst economic challenges.
SAMHI Hotels posts 29.6% profit rise ₹24.9cr as shares fall
SAMHI Hotels reported a 29.6% rise in Q1 FY27 net profit to ₹24.9 crore, while its stock fell 2.6% on the NSE to ₹176.26 amid mixed market sentiment.
Infosys deploys Finacle Wealth platform at HDFC Bank modernizing investments
Infosys Finacle has implemented its Wealth Management Solution at HDFC Bank, replacing manual legacy systems with an advanced API-driven platform for seamless operations.
Sussex businessman Zoli Rutter lost £14,244 from Claude credit purchases
A Sussex businessman lost over £14,000 in a scam involving AI chatbot Claude. Despite alerting Metro Bank, fraudulent transactions continued before his card was fully blocked.
Adani Infra buys 1.03% AGEL stake for ₹2,380cr, stake 2.34%
Adani Infra (India) Ltd purchased a 1.03% stake in Adani Green Energy Ltd for ₹2,380 crore, increasing its shareholding to 2.34%, while Ardour Investment Holding reduced its stake.
South Korea KOSPI falls 1.9% on AI and chip worries
South Korean stocks fell nearly 2% on Tuesday, driven by concerns over unsustainable AI-related spending and heavy selling in semiconductor shares despite easing inflation.
Bitcoin rebounds near $64,000 in Asian trading amid Coldcard sweeps
Bitcoin rebounded to nearly $64,000 in Asian trading, recovering from Monday's dip, as traders shrugged off unresolved Coldcard wallet sweeps draining hundreds of bitcoin.
Anthropic and OpenAI IPOs pose reality check for AI ecosystem
The public listings of Anthropic and OpenAI will serve as a reality check for the AI ecosystem, highlighting early market judgments on winners and losers in the sector.
LIC shares crash 9% after Centre's discounted stake sale
Shares of Life Insurance Corporation of India (LIC) have witnessed a massive sell-off on Tuesday, with a decline of nearly 9%.
Superleap raises ₹36cr from Peak XV Partners for AI CRM
Enterprise AI CRM startup Superleap raised Rs 36 crore from Peak XV Partners to enhance AI capabilities and expand its domestic and international market presence.
Dormant since 2013 wallet moves 500 bitcoin amid Coldcard hack
A 2013-dormant bitcoin wallet moved $31 million amid a Coldcard wallet security crisis, as on-chain data reveals a surge in decade-old coin movements.
Larsen & Toubro secures over ₹15,000cr ADNOC Offshore contract
L&T Energy Hydrocarbon Offshore has won an ultramega ₹15,000 crore EPCIC project from ADNOC Offshore in the Middle East, showcasing its expertise in complex offshore developments.
Zoho founder Sridhar Vembu backs deep tech over India's UBI
Zoho founder Sridhar Vembu opposes universal basic income, advocating for deep tech development to boost income levels for teachers, farmers, and other non-tech occupations.
Ather Energy shares jump 18% after Q1FY27 loss narrows
Ather Energy shares soared 18%, reaching ₹1,500, after reporting a narrowed Q1FY27 net loss of ₹51.1 crore and strong EV demand driving robust bookings and enquiries.
Government discounted LIC stake sale knocks shares to ₹400.25
LIC shares fell nearly 9% after the government announced a discounted stake sale, setting the floor price at Rs 382, significantly below Monday's closing market price.
Dabur banned from selling food products with '100 percent' claims
The Food Safety and Standards Authority of India (FSSAI) has banned Dabur India Ltd from selling a range of food products carrying "100 percent" claims.
India corporate hiring up 5% year-over-year as AI jumps 33%
Hiring for AI and machine learning roles in India surged by 33% year-on-year in July, solidifying their position as the fastest-growing segments in the corporate job market.
India's 10-year bond yield steady at 6.8380% before RBI meeting
Indian bonds opened flat on August 4, with the benchmark 10-year yield at 6.838%. Traders await the RBI's policy review for inflation cues amid geopolitical tensions.
India's Sensex above 78,800 as Nifty50 slips, small caps up
The Indian stock market opened mixed on Tuesday, with the Sensex gaining over 100 points while the Nifty50 dropped near 24,600 amid volatility from the new Closing Auction Session.
Reserve Bank of India drives $43 billion overseas by 2026
Indian banks are aggressively raising offshore dollar funds to attract diaspora deposits, fueling a record surge in loan and bond markets by 2026.
Rupee opens at ₹95.33 per US dollar amid importer demand
The rupee opened nearly unchanged at 95.33/$ amid cautious global cues, with geopolitical tensions and crude oil prices influencing its trajectory against the US dollar.
Bain Capital in talks to buy Cello World majority stake
Bain Capital is in advanced discussions to acquire a controlling stake in Cello World, valued at over ₹3,000 crore, as India's consumerware market sees steady growth.
US plans fees for extending H-1B and L-1 visas
The US government under the Trump administration plans to expand additional visa fees to H-1B and L-1 extension applications, significantly raising employer costs.
KEI Industries posts 40% Q1 profit jump, stock up 29%
KEI Industries reported a 40% jump in Q1 profit, driving a 29% share price increase over the past year and boosting investor confidence in its growth potential.
South Korea inflation at 2.8% in July, 0.2% monthly drop
South Korea's inflation slowed to 2.8% in July, driven by falling fuel prices. However, rising core inflation and geopolitical risks may sustain upward price pressures.
Oil prices recover modestly with Brent $84.39 and WTI $80.95
Oil prices edged higher after a sharp drop, as uncertainty looms over potential U.S.-Iran negotiations to resolve their conflict and stabilize the critical Strait of Hormuz.
Kily raises ₹30cr led by Sorin Investments for AI expansion
Enterprise AI startup Kily has raised Rs 30 crore in a round led by Sorin Investments. The funds will enhance its AI platform and boost adoption among consumer brands.
Dhoot Transmission set for IPO opening August 10-12 priced ₹829-871
Dhoot Transmission has announced its IPO price band at ₹829-871 per share, aiming to raise ₹3,066.89 crore. The subscription opens on August 10 and closes on August 12.
Asian stocks rise as US tech rally lifts regional markets
Asian shares advanced, mirroring Wall Street's tech-driven rally, while the yen stabilized post-intervention and oil prices dipped amid easing Middle East tensions.
Anuj Rathi and Prashant Parashar launch Profound AI assistants platform
Former Swiggy SVP Anuj Rathi and Zomato CTO Prashant Parashar have launched Profound, an AI platform that raised $1.5 million from Stellaris and 3one4 Capital.
India's richest families boost deep tech with $467.1 million investments
India's family offices are driving a surge in deeptech investments, leveraging patient capital to support startups in space, AI, semiconductors, and defence technologies.
HCL Technologies reorganizes by industry, keeps FY27 revenue growth target
HCLTech has reorganized its operations around industry verticals, aiming to enhance domain expertise as AI transforms client demands and sales strategies.
Indian IT companies tie earnings to client outcomes amid AI
Mid-tier IT firms are driving the shift to outcome-based pricing, leveraging AI-driven solutions to deliver measurable value, while tier-1 players face adaptation challenges.
Dow jumps almost 700 points as AI and tech surge
The Dow Jones soared nearly 700 points on Monday, driven by strong macroeconomic data, cooling oil prices, and easing bond yields, marking a record closing high for the index.
Palantir Q2 2026 revenue jumps 93% to $1.94 billion
Palantir reported a staggering 93% year-over-year revenue growth to $1.94bn in Q2 2026, surpassing Wall Street’s $1.8bn forecast and driving a 10% surge in share prices.
JPMorgan Chase launches $750B initiative to target 1 million affordable homes
JPMorgan Chase announced a $750 billion investment through 2035 to support affordable housing, aiming to help 500,000 Americans, including 200,000 first-time buyers.
Indian government plans to reintroduce MDR on UPI above ₹2,000
Proposed amendments to the Payment and Settlement Systems Act may reintroduce merchant discount rates for UPI transactions, targeting large merchants and payments exceeding ₹2,000.
DesignArena raises $7.9 million seed funding led by Index Ventures
Intelligence, the company behind DesignArena, raised $7.9 million in a seed round led by Index Ventures to enhance AI models with scalable human feedback for better design outputs.
PepsiCo India removes 'energy' from Sting packaging after FSSAI statement
PepsiCo India has removed the term 'energy' from Sting packaging to comply with FSSAI's new regulations, as rivals seek deadline extensions amidst market disruptions.
GPTZero flags 4 PwC Middle East reports for fake citations
PwC faced backlash after publishing AI-focused reports riddled with fabricated claims and hallucinated citations, undermining its credibility as a leading consulting firm.
Citadel Securities says AI chip spending may fuel $500B debt
Citadel Securities forecasts over $500 billion in new debt by 2028 to fund AI chip production, potentially reshaping the investment-grade credit market.
Finance Ministry approves raising EPF wage ceiling to ₹25,000
The Finance Ministry has approved a proposal to raise the wage ceiling for mandatory coverage under the Employees' Provident Fund (EPF) and Employees' Pension Scheme (EPS) to ₹25,000 per month.
Can't find old PF account? EPFO's new feature can help
The Employees' Provident Fund Organisation (EPFO) has launched a new "Service History" feature to help members keep track of their employment records.
Australia increases levy on Big Tech over local news deals
Australia has increased the rate of a planned levy on tech giants, including Meta, Google, and TikTok.
Spinny converts into public company ahead of planned IPO
Spinny, a leading player in the used car retailing space, has taken a major step toward its planned initial public offering (IPO).
Sarvam AI nears ₹700cr funding led by NVIDIA
Indian AI start-up Sarvam is gearing up to raise $74 million (around ₹700 crore) in an extension of its Series B funding round.
Zepto's shares take a hit as quick-commerce firm delays IPO
Zepto's unlisted shares have witnessed a massive 23% decline in the last five trading sessions.
ZEE says SEBI order won't impact ₹3,140cr fundraising plan
Zee Entertainment Enterprises Ltd (ZEEL) has asserted that the recent order from the Securities and Exchange Board of India (SEBI) will not affect its ongoing ₹3,143 crore fundraising exercise.
Juniper Green Energy IPO fully subscribed on last day
The initial public offering (IPO) of Juniper Green Energy has been fully subscribed on the last day of bidding.
Sensex gains over 600 points: What's behind today's rally?
The Indian stock market witnessed a surge on Monday, with the benchmark indices Sensex and Nifty both registering significant gains.
Indian IT firms cut bench strength amid AI push
India's leading IT services companies, including Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, and Tech Mahindra, are witnessing a decline in their average bench strength.
AstraZeneca, BMS discuss $400B pharma mega-deal
British pharmaceutical giant AstraZeneca is said to be in talks with US rival Bristol Myers Squibb (BMS) for a possible merger.
SHANTI Act: Draft rules for nuclear energy expansion under review
India is gearing up to expand its nuclear energy capacity with the SHANTI Act, 2025 (Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Act).
Apple's India iPhone shipments set to fall for first time
Apple is likely to witness its first-ever annual decline in iPhone shipments in India, after years of uninterrupted growth.
Willie Walsh takes charge as IndiGo CEO
Willie Walsh, the former chief of International Airlines Group (IAG), is taking over as the chief executive officer of IndiGo today.
Why Trump stepped in to support Japan's currency
Japan and the United States have intervened in a rare joint operation to prop up the yen.
India's factory growth falls to 5-year low
India's manufacturing sector has lost some of its steam in July, with factory activity slowing down to its weakest pace in nearly five years.
NSE, Jio Platforms IPOs set to revive India's public markets
The upcoming initial public offerings (IPOs) of the National Stock Exchange (NSE) and Jio Platforms in September are likely to revive India's public markets.
Zee Entertainment shares crash over 10% amid SEBI action
Zee Entertainment Enterprises Ltd. (ZEEL) witnessed a massive drop in its share price on Monday.
RBI likely to keep rates unchanged at upcoming policy meeting
The Reserve Bank of India (RBI) is likely to maintain its interest rates at the upcoming policy meeting, bucking the trend of several global central banks.
Why OPEC+ is raising oil production again
OPEC+ has approved an increase in oil production quotas by some 188,000 barrels per day (bpd) for September.
FSSAI cracks down on select alcohol brands over misleading additives
India's food safety regulator, the Food Safety and Standards Authority of India (FSSAI), has banned select whiskies and rums from United Spirits and Inbrew Beverages.
HDFC, ICICI raise dollar deposit rates to attract NRI funds
In a bid to draw more dollars amid rising global rates, HDFC Bank and ICICI Bank have revised their Foreign Currency Non-Resident (FCNR) deposit rates.
Shiprocket eyes IPO at 30% lower valuation
E-commerce logistics company Shiprocket is expected to launch its initial public offering (IPO) in the next one or two weeks, according to the Economic Times.
RBI MPC meeting begins today: Will repo rate be hiked?
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is holding a three-day policy meeting starting today.
Oil prices decline 5% as Trump pauses Iran strike
Oil prices witnessed a significant drop in Asia trading on Monday, after US President Donald Trump announced he had called off a planned strike on Iran.
Markets bounce back strongly after 2-week dip
The Indian stock market witnessed a major rebound this week, with both the BSE Sensex and Nifty 50 witnessing significant gains.
WestJet cabin crew go on strike, over 300 flights canceled
WestJet, Canada's second-largest airline, has witnessed a strike by its flight attendants.
Bengaluru: You can order food on Flipkart from August 15
Walmart-owned Flipkart is gearing up to launch its food delivery service in Bengaluru, possibly around August 15.
These 6 IPOs will open for subscription next week
India's primary market is set to witness a flurry of activity with six new public issues slated for subscription next week.
Why India's top cigarette makers are seeing revenue, profit decline
India's top cigarette manufacturers, including ITC, Godfrey Phillips India, and VST Industries, have reported a drop in their net revenue and profitability for the April-June quarter.
RBI revises deposit interest rules
The Reserve Bank of India (RBI) has announced a major overhaul of the rules governing deposit interest rates.
Received tax notice after ITR filing? Here's what to do
The July 31 deadline for filing income tax returns (ITR) has passed, but taxpayers shouldn't think their compliance journey is over.
Petroleum exporting countries consider output increase amid supply disruptions
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, are likely to raise their oil production quotas for September.
Over 1.1cr names deleted from electoral rolls in 10 states
More than 1.12 crore names have been removed from the electoral rolls in 10 states and Union Territories (UTs) under Phase 3 of the Special Intensive Revision (SIR) exercise.
Private equity firms eye India's education sector after healthcare success
Private equity (PE) firms are now targeting India's school education sector, using innovative investment strategies.
IT industry not creating enough jobs anymore, says Sridhar Vembu
Sridhar Vembu, the founder and Chief Scientist of Zoho, has raised concerns over the impact of artificial intelligence (AI) on job creation in India's technology sector.
This real estate developer wants to raise ₹1,200cr via IPO
Bengaluru-based real estate developer Assetz is gearing up for an initial public offering (IPO) of ₹1,200 crore.
Will India's FDI rule change boost exports of handicrafts?
The Indian government has amended its Foreign Direct Investment (FDI) policy to allow e-commerce firms with foreign stakes to hold inventory for export purposes.
Market cap of India's top 9 firms up ₹2.51L crore
The combined market capitalization of nine out of the top 10 most-valued companies in India surged by a whopping ₹2.51 lakh crore last week.