Business News
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Kotak Investment Banking names V. Jayasankar and Sourav Mallik co-CEOs
Kotak Investment Banking has appointed V. Jayasankar and Sourav Mallik as Co-CEOs, ensuring leadership continuity and driving the firm's next phase of growth.
India expands trusted semiconductor policy, spurring local CCTV chip production
India's IT Secretary S Krishnan revealed plans to broaden domestic semiconductor initiatives, leveraging security-driven policies initially applied to CCTV cameras.
Nasscom VP Shivendra Singh: AI will drive tech services growth
AI will boost business opportunities in India's tech services sector, with companies adapting to client needs and aiding enterprises in AI adoption, says Nasscom VP.
EV battery boom drives India's mineral demand 10x by 2047
India's clean energy transition could increase critical mineral demand by up to 10-fold by 2047, necessitating stronger mining, recycling, and acquisition strategies.
World Gold Council: India's Q2 jewelry demand falls 15%
Indian jewellery demand dropped 15% YoY to 75 tonnes in Q2 2026, while global jewellery demand also fell to its lowest since the Covid pandemic, per WGC.
Microsoft's $41 billion AI investment boosts Azure revenue 43%
Microsoft's $41 billion AI infrastructure investment drove Azure's 43% revenue growth, surpassing expectations and signaling strong returns on its massive spending.
EU announces €10 billion plan to build 7 AI gigafactories
The European Union has announced €10 billion ($11.4 billion) in funding for seven AI gigafactories, aiming to bridge its technological gap with the US and China.
Indian rupee slips to 95.68 on Fed pause, oil tensions
The Indian rupee closed marginally lower at 95.68 per US dollar, down 0.03%, as markets reacted to the US Federal Reserve's policy decision and rising crude oil prices.
Arun Misra to lead Vedanta yearlong, Q1 profit up 72%
Vedanta appointed Arun Misra as CEO for a one-year term starting August 1, while reporting a 72% jump in Q1 profit driven by higher base metal prices.
TeamLease says IT jobs will rebound in H2 FY2027
TeamLease anticipates a hiring rebound in the latter half of FY27, driven by IT services recovery and sustained demand for AI, machine learning, and other digital skills.
Hyundai Motor India Q1 FY27 profits fall 35% to ₹888.62cr
Hyundai Motor India reported a 35% drop in Q1 consolidated PAT to ₹888.62 crore, impacted by lower revenue and higher expenses compared to the previous fiscal's ₹1,369.23 crore.
Lloyds Bank to invest £13bn by 2030 in AI overhaul
Lloyds Banking Group plans to slash £2bn in costs by 2030, leveraging AI and advanced technology to enhance efficiency, drive growth, and improve customer services.
Rupee ends at 95.68 as Reserve Bank of India intervenes
The Indian rupee closed nearly flat at 95.68 against the dollar on Thursday, as volatile oil prices and corporate dollar demand were offset by likely central bank intervention.
ICAI reopens CA Final November 2026 registrations from August 1-5
The ICAI will reopen the CA Final November 2026 exam application portal from August 1 to August 5, offering candidates another chance to complete their registrations.
Indian Sensex up 273.55 points as Nifty closes above 24,300
Indian markets closed higher on July 30, with Sensex rising 274 points and Nifty surpassing 24,300, driven by gains in auto and oil & gas stocks despite global rate concerns.
Mahindra Group embeds AI into core processes across 15 projects
Mahindra Group emphasizes that its AI initiatives aim to drive revenue growth, cost reduction, and enhanced customer experience across operations.
Swiggy reduces Q1FY27 net loss to ₹791cr, nearly 34% YoY
Swiggy's net loss narrowed 34% YoY to Rs 791 crore in Q1 FY27, while revenue surged 37% YoY to Rs 6,812 crore, driven by operational growth.
HDFC Bank boosts CSR spending by over ₹248cr to ₹1,316cr
HDFC Bank allocated ₹1,316.18 crore to CSR initiatives in FY26, marking a 23% increase from the previous year and impacting over 10.77 crore lives through its Parivartan programme.
PSP Projects Q1 profit up 42x to ₹18.34Cr revenue ₹853.47Cr
PSP Projects reported a staggering 42-fold jump in Q1 profit to ₹18.34 crore, driven by a 65% surge in revenue to ₹853.47 crore, showcasing robust operational performance.
Sensex climbs 330 points to 7,984.60, Nifty gains nearly 88
Sensex rose 330 points and Nifty climbed to 24,337.95 on Thursday, driven by IT stock gains, foreign fund inflows, and lower crude oil prices boosting investor sentiment.
Bajaj Finance April-June profit up 27% to ₹5,986cr AUM ₹4,00,389cr
Bajaj Finance reported a 27% rise in net profit to Rs 5,986 crore for Q1FY27, driven by steady loanbook growth and a 23% increase in assets under management.
Kospi falls 38.5% since June 22 amid U.S.-Iran tensions
The South Korean Kospi index, after hitting a record high of 9,385.59 on 22 June 2026, has plunged by 38.50%, driven by the AI bubble burst and geopolitical tensions.
Zee Entertainment sues Blinkit in Delhi High Court over copyright
Zee Entertainment has filed a lawsuit against Blinkit in the Delhi High Court, alleging copyright infringement over Instagram content. The court has issued summons to Blinkit.
India's Finance Ministry urges faster AI and supply chain policies
The Finance Ministry emphasized the need for faster policy responses to address global AI advancements and supply-chain vulnerabilities, ensuring India's economic resilience.
Ajanta Pharma Q1 profit up 31% as revenue rises 25%
Ajanta Pharma reported a 31% rise in profit after tax to ₹334 crore for Q1 FY24, with revenue from operations growing 25% year-on-year to ₹1,626 crore.
ICICI Securities gives Netweb buy after Q1 revenue jumps 172%
ICICI Securities recommends a BUY on Netweb Technologies India with a target price of Rs 5,360, citing robust Q1FY27 revenue growth of 172% YoY and strong margins.
Dhoot Transmission to launch nearly ₹2,250cr IPO in August
Dhoot Transmission Ltd, supported by Bain Capital, is set to launch a ₹2,250 crore IPO in early August, featuring a fresh issue and an offer for sale.
Mahindra & Mahindra taps AI to boost revenue and operations
Mahindra & Mahindra's CEO Anish Shah highlights how AI is not only enhancing productivity but also attracting new customers and generating incremental revenue for the conglomerate.
Indian Nifty IT rises 16% as global AI interest fades
Indian IT stocks are on track for their best monthly performance in six years, driven by a global shift from overvalued AI-linked stocks to cost-effective IT services.
Reserve Bank of India sold about $7 billion defending rupee
India's central bank sold $7 billion last Friday as the rupee neared a record low, showcasing its commitment to stabilizing the currency amid rising crude prices.
Workday report finds AI helps Indian employees but lacks integration
A Workday report reveals 89% of Indian employees find AI improves daily work, yet only 32% see it embedded in core systems, limiting its full potential.
Sensex down 57, Nifty slips to 24,240 on profit-taking
Sensex dropped 300 points from its day's high, while Nifty slipped below 24,250 due to profit booking, surging oil prices, and technical resistance at key levels.
Federal Reserve kept rates unchanged, borrowing costs near 2-decade high
US borrowing costs surged to their highest since 2007 as the Federal Reserve held interest rates steady, fueling concerns over its pace in addressing persistent inflation.
India may import record 3 million Russian crude barrels daily
India's crude oil imports from Russia may hit a record 3 million barrels per day, driven by supply chain disruptions and increased reliance on Russian exports for energy security.
Eighth Pay Commission seeks Chandigarh employee input September 16-18 2026
The Eighth Pay Commission will conduct stakeholder consultations in Chandigarh from September 16-18, inviting participants from Punjab, Haryana, Himachal Pradesh, and Chandigarh.
India's tax base grew from 30.5 million to nearly 81 million filers
India's tax base is rapidly expanding, with individual ITR filings projected to approach 90 million in FY26, driven by a sharp rise in higher-income taxpayers over the past decade.
FSSAI suspends Dior Pharmaceuticals license in Punjab effective July 30
FSSAI has suspended Dior Pharmaceuticals' licence due to severe non-compliances at its Punjab nutraceutical factory, citing risks to public health and regulatory violations.
Mahindra's Q1 results: Net profit rises 6.8% to ₹3,685cr
Mahindra & Mahindra, a leading Indian automaker, has reported a 6.8% rise in its standalone profit after tax for the quarter ending June 30.
Flipkart now lets you pay for products within 30 days
Flipkart has launched a new credit service called "Flipkart Pay Later," in partnership with PayU Finance.
PhonePe introduces PulsePro, an intelligence platform for businesses
PhonePe has launched a new enterprise intelligence platform called PulsePro.
Germany's GDP rises 0.2% April to June, led by exports
Germany's economy grew by 0.2% in Q2 2026, driven by stronger exports, surpassing market expectations and signaling a partial recovery despite weak domestic demand.
Microsoft shares jump after hours on $90B revenue, Azure 43%
Microsoft shares jumped 9% post-Q4 earnings as robust Azure growth and AI-driven demand eased investor concerns over heavy AI spending and capital expenditure forecasts.
Capgemini CEO Aiman Ezzat urges firms to modernize for AI
Capgemini CEO Aiman Ezzat highlights a multi-year investment cycle as firms upgrade legacy systems to support AI, driven by fragmented data and outdated infrastructure challenges.
IIM Kozhikode launches 20-week executive course on AI product innovation
IIM Kozhikode has launched a 20-week executive programme on Product Innovation with AI and Agentic AI, aimed at equipping professionals to build AI-native products.
LTEPS to invest close to ₹5,000cr for smarter mobility ecosystem
Larsen & Toubro Electronic Products & Systems (LTEPS) is investing ₹5,000 crore to build a comprehensive in-house ecosystem for green, safe, and connected mobility technologies.
Elevate Campuses to launch India's 1st student housing IPO
Student housing operator Elevate Campuses is set to launch a Rs 2,550-crore IPO in August, marking the first public listing of a student housing firm on Indian bourses.
Mahindra & Mahindra posts April-June ₹3,685cr profit and ₹41,920cr revenue
Mahindra & Mahindra reported a 6.8% rise in Q1 profit, driven by strong SUV demand and robust growth in its farm equipment segment, boosting revenue by 23% year-on-year.
Indo-German dialogue: DPIIT outlines $500B by 2030, $5.3T-$8T by 2047
India aims to boost electronics and semiconductor production to USD 500 billion by 2030, unlocking vast manufacturing opportunities as part of its Viksit Bharat vision for 2047.
EPFO develops Aadhaar portal for PF account management, ₹9,330cr unclaimed
EPFO's new Aadhaar-based portal streamlines tracing, merging, and transferring old PF accounts online, eliminating paperwork and enabling seamless access to unclaimed savings.
Crypto derivatives nearly $286 million wiped, longs lose $186 million
Nearly $286 million in crypto derivatives were liquidated within 24 hours, as bitcoin traded flat at $63,900 and ether dipped slightly to $1,900 amid minimal price swings.
Bank of England expected to hold rate at 3.75% today
The Bank of England is expected to maintain its benchmark interest rate at 3.75% as policymakers evaluate inflation risks tied to geopolitical tensions and energy markets.
HFCL wins ₹441.53cr export order for optical fiber cables
HFCL has won a ₹442 crore optical fibre cable export order through its overseas subsidiary, to be executed by January 2027, marking another milestone in its global expansion.
E2E Networks posts ₹43.88 cr Q1 FY2027 profit, 1,644% surge
E2E Networks' standalone net sales surged 334.12% YoY to Rs 156.76 crore in June 2026, with net profit skyrocketing 1644.38% to Rs 43.88 crore.
Gold falls amid US dollar strength, MCX and COMEX slide
Gold futures for August delivery fell by ₹181 to ₹1,41,600 per 10 grams as a strong US dollar and cautious Fed stance pressured prices.
Chris Wood: AI craze shifts funds from India to semiconductors
Chris Wood discusses India's FPI outflows driven by global AI trends, potential triggers for capital return, and the long-term impact of the AI capex cycle on markets.
Veritas Finance refiles IPO to raise ₹900 cr with SEBI
Veritas Finance Ltd has refiled draft papers with Sebi for an IPO, including a ₹900 crore fresh issue and an Offer for Sale of up to 1.28 crore shares.
Shell Q2 profit up 131% to $9.84bn after Mideast conflict
Shell's Q2 profits surged to $9.84bn, more than doubling from last year, as the Iran war disrupted global oil supplies and drove prices above $120 per barrel.
SBI Funds Management shares fall below ₹574 IPO price
SBI Funds Management shares fell to Rs 566.50, dropping below their IPO price of Rs 574 a week after listing at a 6.85% premium on July 21.
Brookfield launches $600 million Lumara platform to accelerate India's clean energy
Brookfield has introduced Lumara, a $600-million renewable energy platform in India, with an initial portfolio of over 6 GW spanning solar, wind, and battery storage systems.
Fed holds rates, Bitcoin jumps to $64,400, 30-year yield rises
Bitcoin surged to $64,400 as the US Federal Reserve held interest rates steady at 3.5%-3.75%, fueling optimism among crypto investors despite hawkish policy signals.
India's gold demand down 6% in Q2: What's the reason?
India's gold demand fell by 6% to 131 tons in the June quarter (Q2), according to a report by the World Gold Council.
X settles 2-year legal battle with global advertising body
Elon Musk's social media platform, X, has settled a long-standing legal dispute with the World Federation of Advertisers (WFA).
Meta shares tank 11% as AI spending spree rattles investors
Meta, the parent company of Facebook, WhatsApp, and Instagram, has witnessed a major dip in its stock prices.
Arm Holdings forecasts $1.38 billion while smartphone royalties concern investors
Arm Holdings exceeded Q2 revenue and earnings forecasts, driven by AI demand, but shares dropped 7% post-earnings due to concerns over slowing smartphone royalty growth.
ABB and Aatmanirbhar Bharat drive energy upgrades in Indian manufacturing
ABB India highlights a growing emphasis on energy efficiency in manufacturing, driven by modernisation and India's clean energy transition.
Bitcoin holds near $64,000 as Fed leaves rates unchanged
Bitcoin traded at $64,062 after the Federal Reserve maintained interest rates, while futures open interest surged to a two-month high, signaling increased leveraged activity.
Goldman Sachs report: AI will not eliminate enterprise software companies
Goldman Sachs predicts AI will enhance enterprise software by increasing the value of systems of record and contextual intelligence, rather than replacing them.
Microsoft revenue hits $90B as AI fuels record quarter
Microsoft's shares rose by 8% in after-hours trading on Wednesday, following the company's announcement of a strong fiscal fourth-quarter revenue and steady 2026 capital expenditure plans.
Adani Energy Solutions posts Apr-Jun sales ₹9,711.08cr profit ₹1,149.06cr
Adani Energy Solutions posted consolidated net sales of Rs. 9,711.08 crore in June 2026, marking a 42.41% year-on-year growth from Rs. 6,819.28 crore in June 2025.
Sarvam appoints Devendra Singh Chaplot as advisor for machine learning
Indian sovereign AI startup Sarvam has appointed Thinking Machines Lab founding member Devendra Singh Chaplot as an advisor, following its $234 million Series B funding round.
Laid-off Reddit user 'kml3141' used AI to land $155,000 job
A Reddit user revealed how artificial intelligence helped him prepare for interviews, refine responses, and land a high-paying job after months of rejections and challenges.
ADA acquires Algonomy, expanding AI retail reach to 34 markets
ADA has acquired Algonomy, integrating its AI decisioning technology to strengthen ADA's intelligent growth platform and expand its market reach across 34 global regions.
Samsung's profit explodes over 1,800% on AI chip demand
Samsung Electronics has reported a record-breaking quarterly operating profit for the second quarter of 2026.
Wipro posts June quarter sales ₹24,478.60cr and profit ₹3,352cr
Wipro's consolidated net sales rose 10.59% year-on-year to Rs 24,478.60 crore in June 2026, while quarterly net profit increased marginally by 0.65% to Rs 3,352 crore.
OpenAI July surge pushes ARR past Q2, citing GPT-5.6
OpenAI’s July annualised recurring revenue (ARR) surpassed Q2 levels, fueled by GPT-5.6 models and enterprise AI agent ChatGPT Work amidst rising competition in the AI market.
TCS reports 72,275cr June quarter sales, shares lag market
Tata Consultancy Services posted consolidated net sales of Rs 72,275 crore in June 2026, marking a 13.93% year-on-year increase from Rs 63,437 crore in June 2025.
Lilian Weng leaves Thinking Machines Lab to return to OpenAI
Lilian Weng, cofounder of Thinking Machines Lab, resigned citing health and stress issues. She is reportedly set to rejoin OpenAI to lead research on recursive self-improvement.
Bajaj Auto reports June 2026 net sales ₹17,243.72cr profit ₹2,982.84cr
Bajaj Auto's standalone net sales surged 37.02% year-on-year to Rs 17,243.72 crore in June 2026, driven by robust operational growth and increased income from operations.
Google Pay's new credit card is here: Check fee, benefits
SBI Card and Google Pay have teamed up to launch a new co-branded credit card.
AI tools push India past 40 million 2026-27 tax filings
India's tax filing has hit a record pace, with over 40 million ITRs filed in under four months, driven by AI-powered tools simplifying compliance and enhancing efficiency.
Indo-MIM shares list at 45% premium over IPO price
Indo-MIM, a leading manufacturer of precision engineering components, has made a strong debut on the stock market.
Abyro Capital, T-Hub launch Beacon accelerator for Indian space-tech startups
Abyro Capital, a US-based venture capital firm, unveiled Beacon, a spacetech accelerator offering $500,000 funding and mentorship to startups in collaboration with T-Hub.
J&J offers $5.5B to settle nearly 76,000 ovarian cancer claims
Johnson & Johnson has proposed a $5.5 billion settlement to resolve over 76,000 ovarian cancer claims linked to its talc products, aiming to end over a decade of litigation.
PhonePe launches PulsePro using data from 700 million users, 50 million merchants
PhonePe launches PulsePro, an enterprise platform offering hyperlocal, real-time market insights using anonymised transaction data from 700M users and 50M merchants.
SUIND raises ₹20.5cr seed to scale Bumblebee and Wasp
SUIND secured ₹20.5 crore in seed funding led by Transition VC to expand its autonomous unmanned aerial systems and enhance its vision-first autonomy platform.
Xtranet Technologies opens about 7% above IPO at ₹136
Xtranet Technologies shares debuted at a 7% premium to the IPO price of ₹127, listing at ₹136 on NSE and ₹130.10 on BSE, below market expectations.
Zhongji Innolight's HK$53.4bn IPO falls nearly 8% in Hong Kong
Chinese optical component maker Zhongji Innolight saw its shares fall nearly 8% on their Hong Kong debut after raising $6.8 billion in the city's largest IPO of 2026.
Amazon raises $25B in bonds to accelerate AI investments
Amazon has raised $25 billion through a bond sale to fund its ambitious $200 billion capital expenditure plan for 2026, focusing on AI infrastructure and data center expansion.
L&T wins NTPC order for 2 800MW ultra-supercritical Chhattisgarh units
L&T Energy CarbonLite Solutions received a Limited Notice to Proceed from NTPC for the 2x800 MW Lara Stage-III thermal power plant in Chhattisgarh, valued at Rs 5,000-10,000 crore.
Indo-MIM IPO oversubscribed 72.34 times, lists ₹700 NSE ₹703 BSE
Indo-MIM shares debuted on the BSE at Rs 703, a 44.95% premium over the IPO price, following a robust subscription of 72.34 times in its public offering.
Juniper Green Energy launches IPO at ₹214-225, seeks ₹1,800cr
Juniper Green Energy’s ₹1,800 crore IPO opens today with a price band of ₹214-225 per share, offering a fresh issue of equity shares and closing on August 3.
Oil prices fall below $90
Oil prices have witnessed a slight decline as tankers continue to operate in West Asia, despite rising tensions.
Samsung expands Hwaseong DRAM capacity about 15% to retain Apple
Samsung plans a 15% DRAM production increase at Hwaseong, aiming to prevent Apple from turning to cheaper Chinese suppliers amid a global memory shortage and rising prices.
Federal Reserve holds rates as 3 policymakers vote for hike
The US Federal Reserve has voted to keep its key interest rate unchanged, amid concerns over persistent inflation.
India's rupee gains 4th day as US Fed holds rates
The rupee opened 6 paise higher at Rs 95.59 per dollar, as markets reacted to the US Federal Reserve's steady interest rates and dissenting views on a potential hike.
Meta profits fall 14% as AI spending increases costs
Meta reported a 14% decline in profit to $18.3 billion for Q2, as rising AI-related expenses drove costs up 55%, outpacing its 28% revenue growth.
Microsoft posts $331B fiscal 2026 revenue, cloud $214B, Azure $100B
Microsoft reported a record annual revenue of $331 billion, with its cloud business contributing $214 billion, as CEO Satya Nadella announced plans for an AI super app.
Air Force One delays push Boeing's losses past $3B
Boeing has announced a massive financial blow in the form of an additional $280 million loss related to its long-delayed Air Force One project.
Samsung reports $61.7B semiconductor profit, warns shortage amid AI demand
Samsung anticipates worsening chip shortages through 2028, boosting shares by 8% after revealing robust long-term supply agreements with major tech firms.
Japan cuts 2026 growth forecast to 0.9% as oil climbs
Japan revised its fiscal 2026 growth forecast to 0.9% from 1.3%, citing higher oil prices and weaker domestic demand, while inflation expectations rose to 2.2%.
CBI names 4 in PNB fraud linked to Mehul Choksi
The CBI has named four more accused, including a former PNB auditor, in the ₹13,578 crore fraud involving fugitive diamantaire Mehul Choksi. A special court has taken cognisance.
Primetrace nears $50 million from 360 One Asset at $500 million valuation
Kutumb, a social media platform under Primetrace, is in advanced discussions to raise $50 million at a $500 million valuation, aiming to expand its AI-driven product offerings.
Federal Reserve keeps interest rate at 3.6% despite Trump pressure
President Trump defended Federal Reserve Chair Kevin Warsh after the Fed maintained interest rates, despite inflation concerns and dissent from three officials.
SpaceX wins $1.6B Space Force contract to launch 18 Falcon9s
SpaceX has been awarded an $1.6 billion U.S. Space Force contract for 18 Falcon 9 missions through 2027, further solidifying its dominance in military space launches.
Pentagon awards $135B contracts to ease shortages amid Iran war
The Pentagon announced $135 billion in multiyear contracts, boosting arms production as Middle East conflicts strain US weapon stockpiles and capabilities.
India moves quickly on SAF policy to meet CORSIA
India is expediting its sustainable aviation fuel (SAF) policy, with inter-ministerial consultations underway, to ensure compliance with ICAO's CORSIA rules by January 2027.
Boeing: Air Force One overruns top $3B, $280 million loss reported
Boeing faces over $3 billion in cost overruns for two new Air Force One planes, with delays pushing delivery to 2028 and 2029, nearly three years behind schedule.
Chamath Palihapitiya cites Infosys forecast cut as AI reshapes outsourcing
Enterprises are shifting budgets from traditional outsourcing to AI-driven software development, says 8090 CEO Chamath Palihapitiya, citing Infosys' lowered revenue forecast.
Goldman Sachs: GenAI could reshape work in India next decade
GenAI is set to automate 9-17% of non-agricultural tasks in India, while GCCs are expected to mitigate job losses by driving employment growth in the technology sector.
Lohia Corp to debut Thursday with IPO expected near ₹444
Lohia Corp's IPO, backed by strong financials and healthy subscriptions, debuts on BSE and NSE today. Grey Market Premium (GMP) suggests a modest 4.5%-5% listing gain.
Samsung semiconductor profits surge over 250-fold as revenue rises 130%
Samsung's semiconductor profit skyrocketed over 250-fold in Q2, driven by strong AI chip demand, while rising memory prices led its mobile division to a 700 billion won loss.
Microsoft locked in over $130B data center leases, commitments $329.1B
Microsoft has reported over $130 billion in new data center leases last quarter, reflecting its confidence in sustained AI-driven cloud computing demand for years to come.
Microsoft reports $90B quarter with Azure revenue up 43%
Microsoft's Azure cloud revenue surged 43% in Q4, marking its fastest growth since 2022 and pushing annual sales past $100 billion for the first time.
Sony moves to fully acquire Tamron to boost imaging business
Sony has proposed acquiring Tamron, a Japanese lens maker supplying Nikon and Canon. Tamron's board is reviewing the non-binding offer to make it a wholly owned subsidiary.
KPMG Australia says no decision yet on 1,000 layoffs
KPMG Australia stated no decisions have been made regarding workforce reductions, following reports of potential 1,000 job cuts amid scrutiny over an audit misconduct scandal.
Oil prices slip as shipping moves on amid conflict
Oil prices fell as tankers navigated conflict zones in West Asia, with Brent futures dropping 1.42% and WTI crude declining 0.66% amidst escalating regional hostilities.
Meta AI bets and legal costs slash free cash flow
Meta's free cash flow plummeted to $784 million last quarter, while mounting legal battles and doubts over AI investments cast shadows on its future.
Federal Reserve chair Kevin Warsh faces 3 FOMC dissents
Kevin Warsh encountered three dissents in his second Federal Open Market Committee meeting, marking the most significant early opposition for a Federal Reserve chair since 1970.
US Army awards Lockheed Martin up to $58.6B Patriot deal
The US Army has awarded Lockheed Martin a $58.6 billion contract to expand Patriot missile production through 2032, addressing strained arsenals amid conflicts in Iran and Ukraine.
Cognizant CEO Ravi Kumar reports surge in agentic AI demand
Cognizant CEO Ravi Kumar highlights a surge in productivity-driven large deals alongside growing demand for agentic AI, which is fueling niche, innovative projects.
Tata Capital, Godrej Finance make major India gold loan acquisitions
India's gold loan market sees consolidation as Tata Capital and Godrej Capital acquire regional NBFCs, leveraging soaring gold prices and changing borrower behavior.
Bengaluru startup Pronto launches Verified with head mounted worker cameras
Bengaluru-based startup Pronto is scaling its optional Verified service, where workers wear cameras to collect anonymized data for training robotics-focused AI systems.
Wall Street dives with Dow's biggest fall since April 2025
Wall Street plunged as the Dow Jones dropped 1,100 points, its worst since April 2025, after the Fed's rate decision fueled inflation fears and sent bond yields soaring.
Federal Reserve holds rate at 3.5% to 3.75%, inflation persists
The US Federal Reserve maintained interest rates at 3.5%-3.75% on July 29, potentially easing foreign outflows and stabilizing the rupee amid inflation concerns.
Qualcomm to raise prices on all processors September 1, 2026
Qualcomm will increase processor prices by double-digit percentages beginning September 1st, following a 20% year-over-year drop in handset revenue due to supply constraints.
Xbox reports 10% content revenue drop while Microsoft hits $90B
Xbox content and services revenue fell 10 percent, while Microsoft’s cloud business surged 27 percent, driving overall company revenue to $90 billion in the fourth quarter.
Meta stock falls nearly 8% after Q2 2026 profit miss
Meta's Q2 earnings fell short of Wall Street expectations, with shares dropping nearly 8%, as CEO Mark Zuckerberg's AI-focused media campaign failed to reassure investors.
Federal Reserve keeps rates at 3.5% to 3.75%, 9-to-three split
The Federal Reserve's 9-3 vote to hold rates steady at 3.5%-3.75% marks its largest policy split since 2016, as three officials pushed for a 25 bps hike.
Gold and silver rise after US Federal Reserve holds rates
Gold and silver prices surged on Wednesday as the U.S. Federal Reserve held interest rates steady, weakening the dollar and boosting demand for precious metals.
Axis and Kotak Mahindra raise DCC fees for international purchases
Axis Bank and Kotak Mahindra Bank are raising dynamic currency conversion (DCC) charges on credit and debit cards to 3.5%, aligning closer to foreign-currency markup rates.
Anthropic, OpenAI to top Starbucks and McDonald's revenue next year
Anthropic and OpenAI are projected to generate a combined $120 billion in annual revenue, outpacing Starbucks and McDonald’s, as the AI boom reshapes corporate America.
Coal India unveils ₹68,000cr FY27-FY30 plan for mining and infrastructure
Coal India Ltd plans a ₹68,000 crore capital expenditure from FY27 to FY30, focusing on capacity expansion, mining infrastructure, coal evacuation systems, and solar projects.
Wall Street stocks slide after Fed holds rates at 3.50%-3.75%
U.S. stocks fell Wednesday as the Federal Reserve held interest rates steady, while oil prices surged amid renewed Middle East tensions and Treasury yields showed mixed movements.
Moonshot AI hits $35B valuation after Kimi K3 breakthrough
Chinese artificial intelligence (AI) start-up Moonshot AI has achieved a whopping $35 billion valuation, following a successful funding round that raised $3.5 billion.
Why Bengaluru restaurants are threatening to quit Swiggy and Zomato
Bengaluru's hotel and restaurant associations have threatened to stop accepting orders through leading food delivery platforms, Swiggy and Zomato.
New market closing rules could dent Zerodha revenue: Nithin Kamath
Nithin Kamath, the co-founder and CEO of Zerodha, has warned that a major change in India's equity market structure could impact the brokerage firm's revenue.
Adani Enterprises posts ₹1,160cr loss in Q1
Adani Enterprises, billionaire Gautam Adani's flagship firm, has reported a consolidated net loss of ₹1,160 crore for the June quarter, as against a net profit of ₹885 crore in the same period last year.
iPhones drive India's smartphone exports to record $9.8B in Q1
India's smartphone exports have hit a record high of nearly $10 billion in the first quarter of FY27.
BMW to cut 8,000 jobs by end of 2027
BMW has announced plans to offer voluntary redundancy to nearly half of its German workforce. The move is part of a larger strategy to cut around 8,000 jobs by the end of 2027.
Sensex surges 900 points: Key reasons behind today's rally
The Indian stock market is witnessing a major rally today, with the BSE Sensex soaring by over 880 points at the time of writing.
eBay to pay $56M to couple it harassed in 2019
In a bizarre chapter of e-commerce history, eBay has agreed to pay $56 million to a couple of newsletter writers.
iyO v/s OpenAI: Court halts proceedings amid settlement talks
The ongoing trademark lawsuit between iyO and OpenAI, along with Jony Ive, has been temporarily halted.
Why SK Hynix shares crashed despite 557% profit surge
South Korean chipmaker SK Hynix reported surging quarterly earnings, though its results fell short of high investor expectations fueled by the AI boom.
South Korea halts trading as AI chip selloff batters stocks
South Korea's benchmark Kospi index has witnessed a massive fall of over 11%. The decline has led to a market-wide trading halt for the second consecutive session.
BuzzFeed cuts 33% of workforce
BuzzFeed, the media giant that was an early adopter of artificial intelligence (AI), has announced a massive layoff.
Visa cuts 2,600 jobs
Visa, the world's largest payments network, is planning to lay off nearly 7% of its workforce.
Ferns N Petals plans IPO by end of 2028
Ferns N Petals, an Indian gifting retailer backed by Lighthouse, is planning to go public by the end of 2028.
India gets new digital payment fraud watchdog
The Indian government has launched the India Digital Payment Intelligence Corporation (IDPIC) to combat cyber financial frauds.
Delhi HC orders winding up of Paytm Payments Bank
The Delhi High Court has ordered the closure of Paytm Payments Bank Limited (PPBL), a move initiated by the Reserve Bank of India (RBI) after the bank's failure to comply with regulatory norms.
How Musk lost nearly $500B in a month
Elon Musk's net worth has witnessed a massive decline in July, plummeting from about $1.32 trillion to some $832 billion.
India's factory output rises 7.3% in June on manufacturing boost
India's industrial output witnessed a significant jump, growing at a rate of 7.3% year-on-year in June 2026.
Flipkart opens Ekart logistics network to businesses across India
Ekart, the supply chain arm of Flipkart Group, has opened its pan-India logistics network for external businesses.
NPCI working with banks, UPI apps to strengthen user privacy
The National Payments Corporation of India (NPCI) is working with Unified Payments Interface (UPI) apps and partner banks to implement the Digital Personal Data Protection (DPDP) law, according to Moneycontrol.
Flipkart trims stake in Shadowfax
Flipkart has reduced its stake in Shadowfax Technologies Ltd, a logistics solution provider, to 1.52% after selling over 3.37 crore shares through an open market transaction on July 24, according to a stock exchange filing.
Google rivals seek billions in damages after $1B EU fine
Google is facing a new wave of costly lawsuits in Europe, after losing a key case under new EU legislation.
AMD to hire 4,500 employees in India
Advanced Micro Devices (AMD), a leading US-based semiconductor company, has announced plans to expand its workforce in India.
Swiggy appoints ex-Myntra chief Nandita Sinha as Instamart CEO
Swiggy has announced a major leadership change in its quick commerce business, Instamart.
Why IT stocks are rising as AI chip stocks fall
The Indian IT sector has shown resilience amid a global sell-off in chipmakers.
Chinese AI infrastructure supplier Zhongji Innolight raises $6.8B in IPO
Chinese optical components manufacturer, Zhongji Innolight, has raised HK$53.41 billion ($6.81 billion) through its Hong Kong listing.
Indo-MIM IPO allotment today: How to check status online
Indo-MIM's initial public offering (IPO) allotment is likely to be finalized today.
SpaceX loses $1.2 trillion in market value in post-IPO slump
SpaceX has witnessed a massive decline in its market capitalization, losing over $1.2 trillion since hitting a peak price of $225.64 in June.
X Money digital payments service launched in US
Elon Musk's social media platform, X, has launched a new feature called 'X Money.'
Netflix faces lawsuit over executive's firing after team retreat
Kevin Baillie, a former Vice President and Head of Creative at Eyeline Studios, Netflix's visual effects division, has filed a lawsuit against the company.
Johnson & Johnson settles talc cancer lawsuits for $5.5B
Johnson & Johnson (J&J) has agreed to a landmark settlement of $5.5 billion, resolving thousands of lawsuits linking its talc products with ovarian cancer.
South Korea's KOSPI crashes 8% as chip stocks tumble
South Korea's KOSPI index plummeted by nearly 8% on Tuesday, triggering a temporary suspension of program trading.
Air India, Modi government partner to promote Indian tourism globally
The Ministry of Tourism (MoT) has signed a Memorandum of Understanding (MoU) with Air India.
Why HDFC Bank has fined its CEO, CFO ₹1L each
HDFC Bank has imposed a fine of ₹1 lakh each on its Managing Director and CEO Sashidhar Jagdishan, Chief Financial Officer Srinivasan Vaidyanathan, and Group Head-Retail Assets Arvind Vohra.
Why transfer of Ratan Tata's stocks to charity is delayed
The transfer of 3,368 Tata Sons shares owned by the late Ratan Tata to two charitable entities has been delayed.
Indians with ₹100cr+ income touches 5-year high, says Finance Ministry
The number of individuals declaring a gross total income (GTI) of ₹100 crore or more has hit a five-year high in India.
Why specialist deep-tech funds are now spawning in India
India's push for self-reliance in semiconductors, defense, space, and artificial intelligence (AI) is giving rise to a new breed of specialized deep-tech funds.
HCLTech will now cater to small businesses in India
HCL Technologies, India's third-largest IT services company, has launched a dedicated business unit for small and mid-sized companies.
Global IT spending to reach $6.37 trillion in 2026: Gartner
Global IT spending is projected to grow by 14.2% in 2026, reaching $6.37 trillion from $5.58 trillion in 2025, according to a recent report by Gartner.
Centre clears RBI proposal to test ₹10, ₹20 plastic banknotes
The Indian government has approved the Reserve Bank of India's (RBI) proposal to conduct field trials of polymer banknotes in the ₹10 and ₹20 denominations.
Shein swung to $99M loss in Q1. Reason? Donald Trump
Fast-fashion giant Shein, which is headquartered in Singapore but was founded in China, has reported a loss of $99 million in Q1 2026.
Apple negotiating lower prices for iPhone 18 Pro Max display
Apple is negotiating with its display suppliers to lower the prices of OLED panels for the upcoming iPhone 18 Pro Max.
Paytm users can now file ITRs via ClearTax for ₹11
Paytm has teamed up with ClearTax, a tax-filing platform, to provide online income tax return (ITR) filing services via its app.
Tata Sons FY26 profit jumps 22% to ₹31,961cr
Tata Sons has reported a 22% surge in its annual profit for the fiscal year ending March 2026.
How small-ticket loans are driving India's consumption story
India's consumption story is being driven by easy access to credit, with small-ticket consumer loans becoming the preferred financing option for discretionary purchases.
Why China's export curbs threaten $6.5 trillion supply chains
China's recent export restrictions on critical minerals and rare earth elements could endanger an estimated $6.5 trillion worth of annual downstream production outside the country, the International Energy Agency (IEA) has warned.
Deepinder Goyal's Temple doubles valuation to $375M in 5 months
Temple, a wearable tech start-up founded by Deepinder Goyal, the founder of Eternal, has launched an employee stock ownership plan (ESOP) liquidity program.
Why budget smartphones are struggling in India
India's smartphone market witnessed a major slowdown in the April-June quarter, with a 10% year-on-year (YoY) decline.
US appeals court blocks Trump's mail-in voting order
A federal appeals court has blocked President Donald Trump's executive order aimed at tightening mail-in voting rules in 23 states.
Why India's shipping costs are rising despite falling oil prices
Despite a decline in oil prices, India's shipping industry is still facing high freight costs.
Indian government bonds see rally today: What's the reason?
Indian government bonds witnessed a major rally at the start of the week today, recovering from last week's losses.
Can INR strengthen to 95/$ in coming months?
The Indian rupee could appreciate against the US dollar in the coming months, according to Anindya Banerjee, Head of Research-Currency, Commodity, and Interest Rate Derivatives at Kotak Securities.
Bitcoin rebounds above $65,000
Bitcoin (BTC), the world's largest cryptocurrency by market cap, has surged past the $65,000 mark. The price is up by some 1.2% in the last 24 hours.
What's driving the rally in Indian IT stocks today
Leading Indian IT stocks, including Infosys and Tata Consultancy Services (TCS), witnessed a significant surge in their share prices on Monday.
8th Pay Commission to hold meetings with stakeholders in September
The 8th Pay Commission has announced its plan to hold meetings with employee and pensioner bodies, as well as other stakeholders in Chennai and Puducherry.
RBI's latest move may bring $85B in forex inflows
India is poised to witness a major surge in Foreign Currency Non-Resident (Bank) deposits, with projections of inflows between $65-70 billion by the end of the scheme.
RBI's forex measures attract $32B in foreign inflows
The RBI Governor Sanjay Malhotra has revealed that banks have successfully mobilized nearly $32 billion through Foreign Currency Non-Resident Bank (FCNR(B)) deposits.
Why gold and silver prices are rallying today
Gold prices rose on Monday, buoyed by a weaker US dollar and lower Treasury yields.
China's factory profits slow as exports offset weak demand
China's industrial profits saw a 15.1% year-on-year increase in June, data from the National Bureau of Statistics showed on Monday.