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Business News

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

06 Aug 2026
Google

Why Google's $15B Indian data center project is facing opposition

Google's ambitious $15 billion data center project in India is facing opposition from environmentalists.

Kotak fraud case: Ex-employee used proceeds to buy BMWs

A former Deputy Vice President of Kotak Mahindra Bank, Pushpinder Singh, allegedly used embezzled funds from the Municipal Corporation of Panchkula to buy luxury cars.

06 Aug 2026
Income Tax Return

ITR-6 Excel utility for AY 2026-27 released: Who should file?

The Income Tax Department has launched the Excel utility of ITR-6 for Assessment Year (AY) 2026-27.

06 Aug 2026
TL;DR

Bandhan Mutual Fund launches Bandhan Contra Fund NFO August 10

Bandhan Mutual Fund has introduced the Bandhan Contra Fund, an open-ended equity scheme following a contrarian strategy. The NFO opens on August 10 and closes on August 24.

06 Aug 2026
TL;DR

India's Lok Sabha passes 2026 tax bill to attract investors

The Lok Sabha approved the Taxation and Other Laws (Amendment) Bill, 2026, aiming to attract foreign investment and boost domestic electronics manufacturing.

06 Aug 2026
TL;DR

Bitcoin near ₹60.9L as US ETF inflows offset profit-taking

Bitcoin traded near $65,000 as steady institutional inflows through spot Bitcoin ETFs offset profit-taking by long-term holders, keeping the cryptocurrency's price supported.

06 Aug 2026
TL;DR

Samsung India launches Bespoke AI Fest, cashback up to ₹19,470

Samsung India launches 'The Big Bespoke AI Fest,' offering up to Rs 19,470 cashback, extended warranties, and financing options on premium AI-powered home appliances.

06 Aug 2026
TL;DR

KPMG finds 76% of firms use AI for financial planning

76% of firms use AI in financial planning, but a KPMG report highlights gaps in governance, data quality, and workforce alignment crucial for maximizing its potential.

06 Aug 2026
TL;DR

Japanese government bond yields fall after oil dips, 10-year 2.765%

Japanese government bond yields dropped as falling oil prices alleviated inflation concerns, while optimism over Middle East peace prospects bolstered demand for safe-haven assets.

06 Aug 2026
TL;DR

AI demand fuels surge for Samsung Electronics and TSMC stocks

The AI-driven rally has propelled South Korean and Taiwanese tech stocks, but soaring valuations and heightened volatility are testing investor confidence in emerging markets.

06 Aug 2026
TL;DR

Ashika Global Securities shares climb 2.84% as Indian markets recover

Ashika Global Securities surged 2.84% on Thursday, opening at ₹468.50 after a previous close of ₹461.30, as Indian equity indices gained amid easing crude oil prices.

06 Aug 2026
TL;DR

J.P. Morgan: Big Tech could borrow $1.7 trillion more

Hyperscalers can issue up to $1.7 trillion in additional high-grade debt, as J.P. Morgan reports robust demand for AI and data center financing despite recent market volatility.

06 Aug 2026
TL;DR

Together Fund seeks $150 million to $170 million to back AI startups

Together Fund is in discussions to raise $150-170 million for its third fund, aiming to capitalize on the growing momentum in India's artificial intelligence startup ecosystem.

06 Aug 2026
Bombay Stock Exchange (BSE)

MV Electrosystems shares list at 22% premium over IPO price

Mumbai-based MV Electrosystems made a strong debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today.

06 Aug 2026
TL;DR

Ola Electric shifts to dealer sales after scooter sales decline

Ola Electric is transitioning from its direct-to-consumer model to a dealership-driven approach, aiming to counter declining sales and market share amidst growing competition.

06 Aug 2026
Layoff News

Etsy lays off 12% of employees to streamline operations

Etsy, the popular marketplace for handmade and vintage items, has announced a major restructuring plan.

06 Aug 2026
TL;DR

Google plans $15B data center in Visakhapatnam raising environmental concerns

Google's $15 billion data centre project in Andhra Pradesh faces mounting opposition from activists over water shortages and its proximity to a wildlife sanctuary.

06 Aug 2026
Weight loss

This bank spends $250M annually on weight-loss drugs for employees

Bank of America (BoA) is spending over $250 million annually to provide GLP-1 weight loss drugs to its employees.

06 Aug 2026
TL;DR

Gold rises to 7 week high at ₹149,296 on MCX

Gold prices have surged to a seven-week high, driven by easing inflation concerns and geopolitical stability. Investors are now evaluating whether this is the right time to buy.

06 Aug 2026
TL;DR

OpenAI and Statsig settle $3.2 million in DOJ hiring case

The US government accused OpenAI and former subsidiary Statsig of discriminating against US workers by favoring temporary visa holders in PERM job recruitments.

06 Aug 2026
TL;DR

SoftBank Q1 profit ¥347.3 billion beats estimates amid chip gains

SoftBank reported a smaller-than-expected 18% drop in quarterly net income, driven by gains in chip-stock holdings despite valuation concerns around OpenAI investments.

NPS extends same-day investment window for faster NAV allocation

The Pension Fund Regulatory and Development Authority (PFRDA) has extended the cut-off time for same-day investment of National Pension System (NPS) contributions by two-and-a-half hours.

06 Aug 2026
TL;DR

Lin Enqi uses ChatGPT amid family's over S$30,000 grocery debt

A 21-year-old in Singapore used ChatGPT to streamline operations, boost sales, and clear Rs 20 lakh debt, transforming her family-run grocery store.

06 Aug 2026
TL;DR

IIFL Capital partners with Flytxt for personalized AI investment recommendations

IIFL Capital collaborates with Flytxt to harness its Agentic AI platform, aiming to enhance investor engagement and accelerate AUM growth through intelligent recommendations.

06 Aug 2026
TL;DR

Rapido Bengaluru launch, Flipkart readies delivery, Bernstein estimates ₹20-30 per-order

Rapido and Flipkart's entry into food delivery could unlock Rs 20-30 per order, Bernstein reports, contingent on sustainably lowering delivery and operating expenses.

06 Aug 2026
TL;DR

KKR acquires Medicover India network of 24 hospitals, 4,800 beds

Global private equity firm KKR has acquired Medicover India's hospital operations, aiming to enhance healthcare access and infrastructure across South and West India.

06 Aug 2026
PhonePe

You can now invest in fixed deposits using PhonePe

Leading digital payments platform PhonePe has launched a new feature on its app - the ability to book fixed deposits (FDs) with partner banks and non-banking financial companies (NBFCs).

06 Aug 2026
TL;DR

Tech now 41% of MSCI ACWI, over $41T amid AI

AI-driven growth has propelled the tech sector to dominate 41% of the MSCI ACWI index, with its market value surpassing $41 trillion, outpacing seven major sectors combined.

Shiprocket IPO price set at ₹92-97; issue opens August 12

Shiprocket, a logistics technology company backed by Bertelsmann, Temasek, Tribe Capital and Eternal, has fixed the price band for its initial public offering (IPO) at ₹92-97 per share.

06 Aug 2026
TL;DR

Anand Rathi recommends Technocraft Ventures IPO as good infrastructure investment

Anand Rathi recommends subscribing to Technocraft Ventures Ltd's IPO, citing its strong presence in EPC projects and valuation at a P/E of 19.4x FY26 annualized EPS.

06 Aug 2026
TL;DR

SEPC Limited rises 4% after ₹854.57cr SAIL contract win

Sepc share price surged 4% on Thursday after securing a ₹854.57 crore order from SAIL, despite broader market volatility and muted trends on Dalal Street.

06 Aug 2026
TL;DR

Kotak Mahindra AMC launches diversified equity All Cap Omni FoF

Kotak Mahindra Asset Management Company has introduced the Kotak Diversified Equity All Cap Omni FoF, an open-ended scheme investing across active and passive equity mutual funds.

06 Aug 2026
TL;DR

Freshworks AI enables biweekly updates, cuts development time over 35%

Freshworks CEO Dennis Woodside reveals how AI innovations have accelerated software delivery cycles and revitalized enterprise trust in SaaS solutions.

06 Aug 2026
TL;DR

Power Grid Q1 FY27 profit slips while total income rises

State-owned Power Grid Corporation of India reported a slight dip in consolidated net profit to ₹3,598.42 crore for the June quarter, despite a rise in total income.

06 Aug 2026
TL;DR

SK Hynix suffers 2nd Nextrade flash crash, shares fall 30%

SK Hynix experienced its second 30% plunge in a week on Nextrade, momentarily triggering market chaos before closing the pre-open session 2% lower amid heightened volatility.

06 Aug 2026
TL;DR

Bitcoin holds above $64,600, crosses 50-day average, Alex Kuptsikevich says

Bitcoin remains steady above $64,600 after rebounding from a dip earlier this week, while market attention shifts to SpaceX's $101 billion stock unlock event.

06 Aug 2026
TL;DR

Swiggy aims for ₹10,000cr adjusted EBITDA target by FY31

Swiggy aims to achieve Rs 10,000 crore in annual adjusted Ebitda by FY31, with significant contributions from its food delivery and quick commerce units.

06 Aug 2026
TL;DR

Mumbai-based Piper Serica raises 300 cr for Bharat Tech Fund

Piper Serica has raised Rs 300 crore in the first close of its Rs 800 crore Bharat Tech Fund, aiming to invest in deeptech startups across diverse sectors.

06 Aug 2026
TL;DR

Investors press Samsung and SK Hynix over AI-chip profits

Samsung Electronics and SK Hynix face mounting investor calls for increased dividends or buybacks as record AI-driven profits swell their cash reserves.

06 Aug 2026
TL;DR

Shiprocket cuts IPO to ₹1,617cr from ₹2,342cr, sets ₹92-97 band

Temasek-backed Shiprocket has reduced its IPO offer size to ₹1,617 crore, aiming for a valuation of ₹7,057 crore at the upper price band of ₹97 per share.

06 Aug 2026
TL;DR

Indian rupee opens at 95.13 against US dollar amid tensions

The rupee depreciated by 9 paise to 95.17 against the US dollar on Thursday, as lower crude oil prices were offset by persistent geopolitical risks.

06 Aug 2026
TL;DR

Kotak Mahindra Mutual Fund unveils diversified equity All Cap FoF

Kotak Mahindra Mutual Fund has introduced the Kotak Diversified Equity All Cap Omni FoF, an open-ended fund investing across market caps. The NFO is open until August 19.

06 Aug 2026
TL;DR

Sandisk forecasts Q1 revenue on generative AI memory chip demand

Sandisk projects higher quarterly revenue, driven by surging demand for AI data center memory chips and long-term purchase agreements with a median duration of four years.

06 Aug 2026
TL;DR

Nikkei 225 falls 1.8% after US semiconductor weakness, oil eases

Japan's Nikkei 225 fell nearly 2% Thursday as a global tech selloff hit semiconductor stocks, overshadowing gains in non-tech sectors supported by lower crude oil prices.

06 Aug 2026
TL;DR

Juniper Green Energy shares open 9% higher, ₹13,769.8 cr valuation

Juniper Green Energy shares debuted at an 8.9% premium on NSE, with a market cap nearing ₹13,800 crore, following its ₹1,800-crore IPO subscribed 7.97 times.

06 Aug 2026
TL;DR

Delhi High Court restrains Patna firm from using Nintendo name

The Delhi High Court has barred a Bihar-based real estate company from using the name “Nintendo,” citing trademark infringement of the Japanese gaming giant.

06 Aug 2026
TL;DR

Indian bonds gain as RBI trims FY27 inflation to 5%

Indian bonds opened one basis point higher to 6.77% as Brent crude prices softened, while the RBI's reduced inflation forecast for FY27 further boosted investor sentiment.

06 Aug 2026
TL;DR

Indian markets open higher after RBI keeps interest rates steady

Indian markets opened positively as Sensex gained 180 points, supported by stable global sentiment and IT stock gains, while Nifty held above the crucial 24,600 mark.

06 Aug 2026
TL;DR

Top Indian IT firms resume campus hiring for AI-skilled engineers

India's top IT firms, including TCS and Infosys, are reviving campus hiring for FY27, prioritizing Forward Deployed Engineers (FDEs) skilled in AI and customer-centric solutions.

06 Aug 2026
TL;DR

Sensex up over 201 points to 78,782 amid US-Iran talks

Sensex gained over 200 points, and Nifty crossed 24,600 as hopes for US-Iran peace talks and strong Q1 earnings boosted investor sentiment in Indian stock markets.

06 Aug 2026
TL;DR

Shriram General Insurance posts 23% April-June premium surge to ₹1,180cr

Shriram General Insurance posted a 23% year-on-year rise in gross direct premium to ₹1,180 crore in Q1 FY27, surpassing the general insurance industry's 11% growth rate.

06 Aug 2026
TL;DR

Hangzhou-based DeepSeek tells users a token price increase is coming

DeepSeek announced substantial price increases for its AI tools, currently priced far below competitors, to fund a 1GW data center in Inner Mongolia.

06 Aug 2026
TL;DR

Indian rupee opens 95.13 vs US dollar, seen trading 94.80-95.20

The Indian rupee opened unchanged at 95.13 per dollar, while most Asian currencies, led by the Indonesian Rupiah, posted gains against the US dollar amid regional strength.

06 Aug 2026
TL;DR

LIC gains ₹21,032cr as Nifty IT rises 19% since end-June

State-owned LIC reaped Rs 21,032 crore in mark-to-market gains within 35 days by strategically investing in Infosys, TCS, and HCL Tech during peak AI disruption concerns.

06 Aug 2026
TL;DR

Income Tax Department uncovers fake deduction and relief claims

The Income Tax Department employs advanced data analytics and technology to detect fraudulent deduction claims, enhancing transparency and curbing tax evasion effectively.

06 Aug 2026
TL;DR

Donald Trump confirms talks to reopen Strait of Hormuz

Brent crude steadied at $79 per barrel as the U.S., Iran, and Oman negotiated an agreement to reopen the Strait of Hormuz, ensuring smoother global shipping traffic.

06 Aug 2026
TL;DR

MV Electrosystems IPO raised ₹290cr, shares seen 25% higher

MV Electrosystems Ltd debuts on BSE and NSE today at 10 am, with its grey market premium rising to 25.7%, indicating a potential listing price of Rs 534 per share.

06 Aug 2026
TL;DR

MV Electrosystems debuts on BSE, NSE after 188.85x subscription

MV Electrosystems shares debut on BSE and NSE today, with a Grey Market Premium of Rs 109 suggesting a potential 26% listing gain over the IPO price of Rs 425.

06 Aug 2026
TL;DR

Vinay Dube says Akasa Air will be profitable sooner

Akasa Air CEO Vinay Dube revealed profitability will arrive earlier than expected and confirmed the airline isn't seeking fresh capital currently.

06 Aug 2026
TL;DR

India moves to build rare-earth magnet industry after China curbs

India's push to reduce reliance on China for rare-earth magnets gains momentum with a ₹7,280-crore scheme, but securing critical raw materials remains a significant hurdle.

06 Aug 2026
TL;DR

Airtel Money plans London IPO after over $400 million Q1

Airtel Money, achieving $400M Q1 revenue with 26% growth, plans a London listing in 2026 as Bharti Airtel sees rising ARPU driven by premiumisation and strong customer additions.

06 Aug 2026
TL;DR

Investor Ram Rupireddy files SEC complaint over SpaceX IPO mismatches

Some investors in SpaceX-linked SPVs, like Ram Rupireddy, were shocked to discover their holdings sold pre-IPO, missing out on massive gains after the company's public debut.

06 Aug 2026
TL;DR

Asian stocks slump as Wall Street tech rally fades

Asian equities retreated on August 6, with South Korea's Kospi plunging 3.71% as Wall Street's technology-driven rally lost momentum, spreading caution across regional markets.

06 Aug 2026
TL;DR

Consumers pick up indirect UPI costs, RBI emphasizes infrastructure

RBI governor Sanjay Malhotra highlighted that consumers indirectly bear the cost of UPI transactions through the broader economy, as discussions on merchant fees remain premature.

06 Aug 2026
TL;DR

Manipal Health Enterprises jumps up to 11% on market debut

Manipal Health Enterprises debuted strongly on the stock market, listing at an 11% premium over its IPO price of ₹590, with shares closing at ₹666.70 on the BSE.

06 Aug 2026
TL;DR

Indian Bank secures $400 million overseas loan backed by CTBC/Commerzbank

Indian Bank is raising a $400 million four-year loan, underwritten by CTBC and Commerzbank, with pricing set at 119-123 basis points above the SOFR rate.

06 Aug 2026
TL;DR

Alphabet stock down 4% after DeepMind reshuffle, Gemini 4 delayed

Alphabet shares dropped 4% following a major leadership overhaul at Google DeepMind, intensifying investor concerns over delays to the Gemini AI model and rising competition.

06 Aug 2026
TL;DR

KPMG, PwC, EY, Deloitte partner with startups for smarter AI

The Big Four consulting firms are collaborating with tech startups to deliver comprehensive AI solutions, combining innovation, credibility, and enterprise-grade scalability.

06 Aug 2026
TL;DR

UPI apps in India may reintroduce merchant discount rate

The potential return of merchant discount rates (MDR) on UPI payments may drive apps to prioritise high-value merchant transactions over sheer volume growth.

06 Aug 2026
TL;DR

AI stock slump in July hits hedge funds and indexes

Hedge funds faced significant losses in July as AI stocks plummeted, with highly leveraged Situational Awareness dropping 67% and selling assets at a discount to Citadel.

06 Aug 2026
TL;DR

Gautam Gupta becomes Atoms finance chief after $1.7 billion raise

Travis Kalanick’s robotics startup, Atoms, has appointed former Uber finance chief Gautam Gupta as CFO, marking another key hire from Kalanick's previous ventures.

06 Aug 2026
TL;DR

Etsy cuts about 220 jobs to accelerate decision making

Etsy Inc. is cutting 220 jobs, primarily in product and engineering, to streamline decision-making. Affected employees will receive severance and extended healthcare benefits.

06 Aug 2026
TL;DR

Nxtra's $1B backs Airtel 1 GW push and 400-city fiber

Bharti Airtel aims to boost data centre capacity to 1 gigawatt and expand its fibre network across 400 cities, driving growth through financial services and AI integration.

06 Aug 2026
TL;DR

United Spirits Ltd, Associated Alcohol & Breweries challenge FSSAI rules

United Spirits and Associated Alcohol & Breweries have challenged FSSAI directives on flavoring and labeling norms in Bombay and Madhya Pradesh High Courts, respectively.

05 Aug 2026
Africa

Air India appoints Tewolde Gebremariam as new CEO

Air India has appointed Tewolde Gebremariam as its new Chief Executive Officer (CEO) and Managing Director (MD).

05 Aug 2026
Donald Trump

US pays back $100B in Trump tariff refunds

The Trump administration has refunded nearly $100 billion in tariffs it collected before the US Supreme Court declared them illegal.

05 Aug 2026
Australia

When will India introduce plastic notes? RBI Governor shares timeline

The Reserve Bank of India (RBI) is gearing up to introduce plastic currency notes in the country.

05 Aug 2026
China

Central banks bought 51 tons of gold in June: WGC

Central banks across the globe made their biggest gold purchases of the year in June, according to data from the World Gold Council (WGC).

05 Aug 2026
Delhi High Court

Centre warns restaurants against levying unlawful service charges

The Indian government has warned hotels and restaurants against levying automatic service charges on customers' bills.

05 Aug 2026
AMD

AMD's data center revenue doubles as gaming loses ground

AMD has reported a massive surge in its data center revenue, driven by the increasing demand for artificial intelligence (AI) capacity.

05 Aug 2026
Texas

Texas halts new data center approvals over electricity grid concerns

Texas Governor Greg Abbott has halted the approval of new data centers, citing concerns over their potential impact on the state's electrical grid.

05 Aug 2026
Inflation

RBI holds repo rate: What it means for your FD

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%.

05 Aug 2026
Microsoft

FIFA game maker goes private after $55B acquisition

Electronic Arts (EA) has officially transitioned into a private company.

05 Aug 2026
Netflix

Paramount-WBD merger trial scheduled for March 2027

A US District Judge has scheduled the trial for the merger between Paramount and Warner Bros. Discovery (WBD) from March 2 to March 19, 2027.

05 Aug 2026
Amazon

Jeff Bezos to sell $4B worth of Amazon shares

Jeff Bezos, the founder of Amazon, has filed plans to sell around 15 million shares in the tech giant.

05 Aug 2026
Supreme Court Of India

No fuel for uninsured vehicles? SC suggests pilot project

The Supreme Court of India has directed the Central government to launch a pilot project that would deny fuel to vehicles without valid third-party insurance.

05 Aug 2026
SpaceX

SpaceX spent $295M on Tesla Megapacks in Q2

SpaceX has made a major investment in Tesla's Megapack battery storage devices, spending $295 million in Q2 and a total of $329 million so far this year.

05 Aug 2026
Amazon

Anthropic signs $10B AI cloud deal with Volta

Anthropic has signed a massive $10 billion deal with AI cloud start-up Volta.

05 Aug 2026
Reserve Bank Of India (RBI)

RBI keeps repo rate unchanged at 5.25%

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%.

05 Aug 2026
Anthropic

SpaceX revenue doubles with Starlink and AI compute deals

SpaceX has announced a whopping 92% jump in revenue for the second quarter, its first earnings report since going public.

05 Aug 2026
China

China's services growth slows to 10-month low

China's services sector growth has slowed down to its lowest pace in nearly a year, with the Purchasing Managers' Index (PMI) falling sharply from 54.1 in June to 50.4 in July.

04 Aug 2026
Indian Government

Will UPI payments become chargeable? Centre moves to enable MDR

The Indian government has introduced a bill to amend the Payment and Settlement Systems Act, 2007.

04 Aug 2026
India

FSSAI bans Old Monk for adding rum flavor to rum

The Food Safety and Standards Authority of India (FSSAI) has banned the sale of three variants of Old Monk rum. The affected variants are The Legend, Gold Reserve, and XXX Matured Rum.

04 Aug 2026
Reserve Bank Of India (RBI)

RBI revises FD rules for small finance banks from October

The Reserve Bank of India (RBI) has announced new guidelines for small finance banks (SFBs) on fixed deposit (FD) interest rates and related matters.

Nazara slips into loss as Nitish Mittersain exits CEO role

Nazara Technologies, a leading online gaming company, has reported a 14% year-on-year decline in its revenue from operations for the quarter ending June 30.

04 Aug 2026
NASDAQ

Bending Spoons buys Airtable in $1.3B deal

Italian tech company Bending Spoons has announced its first acquisition since going public on NASDAQ last month.

04 Aug 2026
Nifty

JioBlackRock enters ETF market with Nifty 50 fund

JioBlackRock Asset Management, a partnership between Jio Financial Services and BlackRock, has launched its first exchange-traded fund (ETF) in India.

04 Aug 2026
Evan Spiegel

Snap shares surge after Q2 revenue beats expectations

Snap Inc has reported better-than-expected revenue and earnings for the second quarter. The company's stock jumped nearly 8% in extended trading following the news.

04 Aug 2026
Indian Government

India to overhaul tax framework to boost manufacturing, foreign investment

The Indian government is planning a major overhaul of its tax framework, with the aim of boosting manufacturing and attracting foreign investment.

04 Aug 2026
Boeing

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).

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%.

04 Aug 2026
E-commerce

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.

03 Aug 2026
Union Budget

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.

03 Aug 2026
Australia

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).

03 Aug 2026
NVIDIA

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.

03 Aug 2026
Blinkit

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.

03 Aug 2026
Subhash Chandra

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.

03 Aug 2026
Donald Trump

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.

03 Aug 2026
Infosys

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.

03 Aug 2026
AstraZeneca

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.

03 Aug 2026
India

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).

03 Aug 2026
Apple

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.

03 Aug 2026
Air India

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.

03 Aug 2026
Japan

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.

03 Aug 2026
Indian Economy

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.

03 Aug 2026
Europe

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.

03 Aug 2026
Iraq

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.

03 Aug 2026
India

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.

03 Aug 2026
HDFC Bank

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.

03 Aug 2026
Reserve Bank Of India (RBI)

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.

03 Aug 2026
Donald Trump

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.

02 Aug 2026
Nifty

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.

02 Aug 2026
Canada

WestJet cabin crew go on strike, over 300 flights canceled

WestJet, Canada's second-largest airline, has witnessed a strike by its flight attendants.

02 Aug 2026
Flipkart

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.

02 Aug 2026
ITC Limited

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.

02 Aug 2026
Reserve Bank Of India (RBI)

RBI revises deposit interest rules

The Reserve Bank of India (RBI) has announced a major overhaul of the rules governing deposit interest rates.

02 Aug 2026
Income Tax Return

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.

02 Aug 2026
Iraq

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.