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Shein cleared for $2B-$3B Hong Kong IPO, eyes $40B-$50B valuation
Shein plans a Hong Kong IPO by August, aiming to raise $2–$3 billion. The move follows approval from China’s securities regulator, targeting a valuation of $40–$50 billion.
Smartphone sales dropped 11% in Q2 2026 amid chip shortage
Global smartphone shipments dropped 11% in Q2, reaching their lowest level since 2013, as rising memory chip costs drove up prices and weakened demand.
Bata India crosses 2,000 stores, seeks 3,000 via franchise partners
Bata India has surpassed the 2,000 retail stores mark, solidifying its position as the largest footwear network while planning further growth in tier-III and tier-IV markets.
SEBI, fund chiefs back simpler investing rules at Moneycontrol Summit
The Moneycontrol Mutual Fund Summit 2026 highlighted India's investment decade, driven by regulation, technology, financial inclusion, and disciplined long-term wealth creation.
Sotefin Bharat launches IPO July 16 priced ₹178-₹187 per share
West Bengal-based Sotefin Bharat will open its IPO on July 16, aiming to raise up to Rs 89.76 crore through a fresh issue of 48 lakh shares at Rs 178-187 per share.
HCLTech announces ₹3,500cr for AI data centers, targets 50MW capacity
HCL Technologies plans to invest Rs 3,500 crore in AI data centers through new subsidiaries, aiming for a scalable capacity of up to 50 MW.
Asian Paints raises prices 12% citing Middle East conflict costs
Asian Paints has raised prices by 12% due to escalating crude-linked raw material costs, driven by the ongoing Middle East conflict and its impact on petrochemical supplies.
India attracts $1.56 billion in H1 2026 digital infrastructure investment
Foreign investors poured $1.56 billion into India's data centres in H1 2026, driven by rising demand for AI and cloud services, outpacing Southeast Asian markets in growth.
Tom Blomfield takes Y Combinator leave for Anthropic compute role
Tom Blomfield, Monzo cofounder and Y Combinator partner, is joining Anthropic's compute team amid the company's rapid expansion to address AI compute challenges.
HCLTech AI services revenue hits $171 million, 62.1% YoY rise
HCLTech reported annualised advanced AI revenue of $688 million in Q1FY27, reflecting a 10.6% sequential rise and strong enterprise adoption across industries.
IndiGo and Accor form BluChip and all reciprocal loyalty alliance
IndiGo and Accor have launched a reciprocal loyalty alliance, enabling members to earn, convert, and redeem points across flights and hotel stays for seamless travel experiences.
Uber and Waymo clash over Washington, D.C. driverless vehicle bill
Uber's push for hybrid networks in Washington, D.C., challenges Waymo's AV-only approach, intensifying their rivalry over robotaxi regulations.
India and US negotiate deal to resolve Section 301 probes
Commerce Secretary Rajesh Agrawal emphasized that a potential India-US trade deal could address bilateral trade concerns, including ongoing Section 301 investigations.
India retail inflation 4.38% June 2026 exceeds RBI comfort zone
India's retail inflation rose to 4.38% in June, driven by imported inflation from global factors like the West Asia crisis affecting fuel, transport, and personal care costs.
SEBI bans staff and families' fresh securities investments during employment
Sebi has implemented enhanced conflict-of-interest rules for employees, extending investment restrictions to family members and mandating detailed disclosures.
Happy Steels IPO oversubscribed over 72 times with ₹62-66 band
Happy Steels' maiden IPO achieved an impressive 72.43 times subscription, driven by strong investor demand across categories, raising Rs 25 crore through a fresh issue of shares.
India retail inflation 4.38% in June 2026 driven by food
Eighteen states and Union Territories recorded inflation above the Reserve Bank of India's 4% target in June, with Telangana leading at 6.36%, highlighting regional disparities.
Flipkart expands West Bengal investments, upgrades supply chain and skills
Flipkart is expanding its supply chain infrastructure and seller ecosystem in West Bengal, home to its largest fulfilment centre, creating over 120,000 jobs statewide.
CBI files chargesheet in Anil Ambani RCom loan fraud case
The Central Bureau of Investigation (CBI) has filed a chargesheet in the alleged banking fraud case involving Anil Ambani, Reliance Communications (RCom) and other related entities.
AI boom fuels $129B industry investment in high speed memory
Global memory giants Samsung, SK hynix, and Micron are investing billions to expand production as surging demand for high-bandwidth memory chips outpaces supply amid the AI boom.
RedBus, Bharmani Travels ordered to pay ₹10,000 over 17-minute cancelation
A Himachal Pradesh consumer commission ordered RedBus and Bharmani Travels to pay Rs 10,000 after a passenger's confirmed bus ticket was canceled just 17 minutes before departure.
BITS Pilani backed Sortmyprep raises $350,000 pre seed funding
Sortmyprep, an AI edtech startup, raised $350,000 in pre-seed funding to enhance its AI platform and expand curriculum offerings across India and international markets.
McDonald's launches FIFA World Cup meals in north, east India
McDonald's collaborates with Coca-Cola to introduce limited-edition FIFA World Cup meals, featuring exclusive burgers, sides, and collectables across North and East India.
Piyush Goyal dismisses report of deadlock in India-US trade talks
Commerce and Industry Minister Piyush Goyal has rejected reports suggesting a deadlock in the ongoing India-US trade talks.
India introduces Producer Price Index alongside WPI to measure inflation
India introduces the Producer Price Index (PPI) with 2022–23 as its base year, modernising inflation measurement by focusing on producer-level prices and including services.
LTM hits $150 million AI run rate, about 1% of revenue
LTM achieved a $150 million quarterly AI revenue run rate, contributing 1% to its revenue, as disclosed by CEO Venu Lambu, marking its first-ever AI business revelation.
Spanish firm Submer to invest $2B in MP's semiconductor sector
Spain's Submer Group has announced a massive investment of $2 billion (approximately ₹19,000 crore) in Madhya Pradesh's semiconductor industry.
QuantumBlack by McKinsey urges companies to redesign workflows for AI
Redesigning workflows around hybrid human-AI teams drives substantial financial gains, while simply embedding AI into existing processes yields only incremental improvements.
Laser Power and Infra IPO oversubscribed 38.49 times, anchors ₹223cr
Laser Power and Infra's ₹742-crore IPO was subscribed 38.49 times on the final day, driven by strong interest from QIBs (92.25x) and NIIs (43.13x).
Blue Cloud Softech hits 5% upper circuit after SpaceX deal
Blue Cloud Softech Solutions shares rose 5% after its US subsidiary signed a five-year Master Services Agreement with SpaceX International for providing advanced AI services.
India's June exports rise but imports surge, widening trade deficit
India's merchandise exports grew 15.5% year-on-year in June, driven by engineering goods, petroleum products, and electronic goods, reaching $40.41 billion.
India's retail inflation rises to 4.38% in June 2026
India’s retail inflation rose to 4.38% in June, exceeding the Reserve Bank of India’s 4% midpoint target for the first time since January 2025, driven by recalibrated CPI weights.
India's retail inflation breaches RBI target, spikes to 4.38%
India's retail inflation surged to 4.38% in June, breaching the Reserve Bank of India's (RBI) medium-term target of 4%.
India's trade deficit widens to $30.4B in June
India's merchandise trade deficit widened to $30.43 billion in June, up from $28.21 billion in May.
L&T Finance seeks 20%+ annual loan growth under Lakshya 2031
L&T Finance anticipates over 20% loan growth, driven by digital partnerships and AI-led efficiencies, which are set to lower credit costs and enhance operations.
US Supreme Court ruling returns over $1bn to Indian exporters
Indian exporters have started receiving over $1 billion in tariff refunds after the US Supreme Court struck down Donald Trump's emergency tariffs as unlawful.
Rajesh Agrawal says India and US trade framework ready
India's Commerce Secretary Rajesh Agrawal stated that trade negotiations with the US face no hurdles, with both nations positively engaged and ready to finalize the framework deal.
Will Paramount move out of California?
Paramount is reportedly contemplating a move from California, as the state prepares to sue over its proposed $111 billion acquisition of Warner Bros. Discovery.
You can soon fly non-stop from India to New Zealand
Air India and Air New Zealand are in talks to form a joint venture for non-stop flights between the two countries.
India to export defense equipment worth ₹50,000cr by FY29: Report
India's defense exports are likely to touch ₹50,000 crore by the end of financial year 2028-29 (FY29), a report by Kotak Institutional Equities has said.
Reuters poll forecasts China Q2 2026 growth slows to 4.5%
China's economy likely grew 4.5% in Q2 2026, down from 5% in Q1, as weak domestic demand and a property slump weigh on growth prospects.
Jeff Bezos's ex-wife donates $20M to mental health non-profit
MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, has made a historic donation of $20 million to Active Minds.
HDFC Bank whistleblower complaints jump 80% amid AT1 mis-selling allegations
HDFC Bank reported an 80% rise in whistleblower complaints in FY26, with 177 cases compared to 97 in FY25, leading to disciplinary actions against 77 employees.
Avaada Electro launches 3GW solar cell line in Butibori Nagpur
Avaada Electro has commenced operations of a 3 GW solar cell production line at its Nagpur facility, marking a significant step towards its 12 GW solar cell capacity goal.
'VISHWAS': EPFO introduces one-time dispute settlement scheme for employers
The Employees' Provident Fund Organisation (EPFO) has launched the VISHWAS, 2026 scheme.
Uttar Pradesh posts 18.5% MSME lending jump by March 2026
Uttar Pradesh recorded an 18.5% YoY growth in MSME lending as of March 2026, making it the fastest-growing major market in India's small business credit ecosystem.
Bitcoin near $62,900, big investors buy as US inflation looms
Bitcoin remains steady near $63,000 as institutional buying offsets geopolitical tensions and investors await key US economic data shaping market direction.
Merlin cofounder Siddhartha Saxena earned $8 million as startup valued $50 million
Siddhartha Saxena, an IIT Kanpur graduate and co-founder of Merlin, achieved millionaire status overnight by earning $8 million in a single day at age 26.
India's June trade deficit hits $30.43 billion despite export growth
India's merchandise trade deficit widened to $30.43 billion in June, up from $28.21 billion in May, as imports outpaced exports despite a 15.5% rise in goods exports year-on-year.
Bajaj Asset Management launches ETF tracking BSE top 10 banks
Bajaj Asset Management has introduced the Bajaj Finserv BSE Top 10 Banks ETF, offering passive exposure to India's largest banks through a rules-based index tracking approach.
Fino Payments Bank shares jump 20% to ₹162.48 on Monday
Shares of Fino Payments Bank surged 20% on Monday, reaching a four-month high of ₹162.48, driven by strong June business updates showcasing growth in deposits and loan referrals.
HDFC Bank trimmed workforce by over 3,300 in FY26
HDFC Bank has reduced its workforce in the last financial year as part of a larger shift toward technology and automation.
TSMC posts record Q2 revenue as AI chip demand surges
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, has reported a record high revenue for the second quarter of this year.
Aastha Spintex rises 5% after Falcon Texotube acquisition, ₹76.78cr orders
Aastha Spintex hit a 5% upper circuit at ₹129.02 after announcing a ₹76.78 crore order book for July–October 2026, reflecting strong demand and expanded capacity.
Boss demands video guides for every task despite written guides
An employee shared on Reddit how their boss demanded video recordings of all their tasks, sparking fears of being replaced and igniting a heated online discussion.
RPG Life Sciences launches Naprosyn ES India's 1st naproxen esomeprazole
RPG Life Sciences has introduced Naprosyn ES, India's first combination of Naproxen and Esomeprazole, targeting long-term NSAID users at risk of gastrointestinal complications.
Jet Airways suspended operations in 2019. Now, it's auctioning assets
Jet Airways, once India's largest private airline, is set to auction its remaining assets.
47% gains in 4 days: What's driving Kalyan Jewellers shares?
Kalyan Jewellers' shares continued their upward trajectory on Monday, rising another 10% to ₹522 on the NSE. The stock has gained 47% over the last four trading sessions.
ICSI to release CSEET June 2026 results on July 15
The Institute of Company Secretaries of India (ICSI) will announce the CSEET June 2026 results on July 15 at 2 pm, available on the official website, icsi.edu.
South Korea announces record $530B budget, driven by AI boom
South Korea has announced a record-breaking budget of over 800 trillion won ($530.97 billion) for the fiscal year 2027.
NSE's latest index lets you invest in companies following ahimsa
NSE Indices Limited, the index services subsidiary of the National Stock Exchange (NSE), has launched the Nifty500 Ahimsa Index.
India's inflation likely to cross 4% mark
India's consumer price index (CPI) inflation is expected to breach the crucial 4% mark for the first time in 16 months.
Private equity investments reach $3.2B in India H1 2026
Private equity investments in Indian real estate hit USD 3.2 billion in H1 2026, up 33% YoY, driven by strong inflows into Data Centres and diversified asset classes.
AI reshapes SaaS hiring by prioritizing AI roles and automation
SaaS companies are restructuring teams, automating repetitive tasks with AI, and prioritizing roles like AI engineers and researchers to enhance efficiency and innovation.
India and United States launch 'Mission $500 billion' trade plan
India and the US have launched "Mission $500 billion" to boost bilateral trade to $500 billion by 2030, focusing on job creation, reduced barriers, and expanded investments.
EPFO now allows online Provident Fund transfer via member portal
EPFO introduces a streamlined online facility for employees to transfer their provident fund balance, ensuring seamless consolidation of retirement savings after changing jobs.
European stocks fall after Iran moves to close Hormuz Strait
European equities fell on Monday as escalating U.S.-Iran tensions unsettled global markets, with the STOXX 600 index dropping 0.3% after its steepest weekly decline since April.
Why TCS shares are soaring today
Tata Consultancy Services (TCS) has witnessed a massive surge in its shares today, rising by over 5% to 2,181.5 at the time of writing.
India-UK trade deal begins on July 15: What's getting cheaper?
India and the United Kingdom have signed a Comprehensive Economic and Trade Agreement (CETA), which will come into effect from July 15.
Spain's Submer Group to invest $2 billion in Madhya Pradesh
Spain's Submer Group announced a $2 billion investment in Madhya Pradesh, creating 5,000 direct jobs and securing swift land allotment for a data center project.
Federal Reserve Chairman Kevin Warsh launches full review of Fed
Federal Reserve Chair Kevin Warsh has launched five expert-led taskforces to review U.S. central bank policies, focusing on communication, data analysis, and inflation frameworks.
LTTS shares rise 4% after Anthropic Claude integration announcement
LTM shares jumped 4.03% to Rs 4,200 after announcing a strategic partnership with Anthropic, while Axis Securities maintained a "BUY" rating with a Rs 4,560 target.
India rejects rushed US trade deal over unmet tariff demands
India has turned down the prospect of a hasty trade deal with the US, according to Reuters.
Global funds buy $1.6 billion in Indian equities, Nifty rebounds
Foreign investors purchased over $1 billion in Indian equities last week, marking their largest weekly buying spree since June 2025, driven by a stable rupee.
South Korea gains tax boost from AI chipmakers' record profits
South Korea plans to channel record tax revenues from its booming AI chip industry into a "future response fund," seizing a pivotal moment in the global race for AI leadership.
Indian rupee hits 1-month low against dollar: What's the reason?
The Indian rupee fell to its lowest level in over a month today, trading at 95.76 per US dollar.
Emerging markets saw equity outflow worth $46B in June
Emerging markets witnessed a massive exodus of foreign capital in June, with net outflows from equities hitting $46.1 billion.
Indian government bonds see a decline today: What's the reason?
Indian government bonds fell in early trade today, mirroring a selloff in US Treasuries.
Indian banks to remain closed for 4 days this week
Public and private sector banks across India will observe a four-day closure between today and July 19, 2026.
You can soon get a gold loan from Tata Capital
Tata Capital, a leading financial services provider and part of the Tata Group, has announced its entry into the gold loan sector.
Air India, Air New Zealand seek direct flights pending approvals
Air India and Air New Zealand are discussing a joint venture to launch non-stop flights, aiming to enhance air connectivity and convenience between India and New Zealand.
SK Hynix Korean shares sink 15% after stellar NASDAQ debut
SK Hynix's shares fell more than 15% on the Korean stock exchange today, making it the company's biggest one-day decline on record.
India's defense exports to reach ₹50,000 cr by FY2029
India's defence exports are projected to reach Rs 50,000 crore by FY2029, driven by competitive pricing, indigenous systems' performance, and rising global military demand.
SBI Funds Management's ₹11,693cr IPO opens tomorrow
SBI Funds Management Ltd, India's largest asset management company, will launch its initial public offering (IPO) tomorrow. The issue is expected to raise ₹11,692.91 crore.
TCS announces major leadership reshuffle to revive growth
Tata Consultancy Services (TCS), India's largest IT services company, has announced a major leadership reshuffle, according to internal emails seen by Moneycontrol.
TCS shares jump almost 6% after expanded ABB partnership
TCS shares rose 6% after announcing a multi-million dollar, multi-year agreement to enhance its two-decade partnership with ABB, focusing on modernising global network operations.
Kalyan Jewellers shares surge nearly 10% adding ₹16,500 cr value
Kalyan Jewellers' shares surged nearly 10%, extending a four-day rally to 47%, with its market cap swelling by Rs 16,500 crore.
HDFC Bank cuts more than 3,300 employees in FY26
India's HDFC Bank reduced its workforce by 3,343 employees in FY26, emphasizing automation and redeploying staff to customer-facing roles for enhanced productivity.
EPFO launches VISHWAS 2026 to settle delayed provident fund disputes
The EPFO has introduced the VISHWAS, 2026, scheme, offering a six-month window for employers to resolve pending PF disputes with reduced damages and specific eligibility criteria.
Hyundai workers begin 3-day partial strike over bonuses, job security
Workers at Hyundai Motor Co. have started a three-day partial strike, demanding higher bonuses and job security against automation.
TSMC posts $39.62B Q2 2026 revenue up 36% on AI
TSMC reported a record second-quarter revenue of T$1.27 trillion, driven by a 36% year-on-year increase fueled by surging demand for artificial intelligence applications.
TCS shares jump 4.5% after ABB deal for AI upgrades
TCS shares rose 4.5% as the firm secured a multi-million, multi-year AI-driven network transformation deal with ABB, boosting the Nifty IT index by 2.5%.
FSSAI urges citizens to report unhygienic kitchens, unsafe food
The Food Safety and Standards Authority of India (FSSAI) has launched a public awareness campaign, urging citizens to report unsafe food, unhygienic kitchens, and poor handling practices through its Food Safety Connect App.
India and UK start CETA July 15 covering 64% tariffs
India’s trade pact with the UK, effective July 15, slashes tariffs on silver, Scotch whisky, and premium cars while protecting sensitive sectors like gold and telecom equipment.
Airtel eyes growth in fintech, cloud, and data centers
Bharti Airtel is gearing up for its next growth phase by focusing on financial services, data centers, and cloud computing.
HDFC Bank shares fell nearly 2% before July 18 earnings
HDFC Bank shares fell nearly 2%, erasing Rs 21,500 crore in market value, as investors await Q1 FY27 earnings this week to assess growth, margins, and asset quality.
Mark Zuckerberg becomes world's 5th-richest person
Meta CEO Mark Zuckerberg has become the fifth-richest person in the world, according to the Bloomberg Billionaires Index.
Tata Consultancy Services funds clients' AI infrastructure, builds AI partnerships
TCS is shifting towards bearing a larger share of AI model and infrastructure costs, investing upfront through partnerships and managing end-to-end AI solutions.
Ather Energy board to consider fresh fundraise proposal
Ather Energy, a leading electric two-wheeler manufacturer, has announced its upcoming board meeting on July 15.
SK Hynix CEO warns global memory chip shortage by 2027
SK Hynix predicts an unprecedented global memory chip shortage by 2027, driven by surging AI infrastructure demand that is outpacing the industry's manufacturing capacity.
SBI Funds Management IPO opens July 14 with ₹545-₹574 pricing
SBI Funds Management's Rs 11,692.91 crore IPO opens on July 14, with a grey market premium of Rs 89 per share signaling a potential 16% listing gain.
Vijay Shekhar Sharma says India should build own AI framework
Vijay Shekhar Sharma emphasizes India's need to develop affordable, open-source AI tailored to local needs, diverging from US and China strategies in the global AI race.
Bitcoin slides 2.4% to $62,600 amid oil surge, U.S.-Iran tensions
Bitcoin dropped 2.4% in Asia as spiking oil prices, driven by US-Iran tensions, reignited inflation concerns, pushing the cryptocurrency below its 200-week moving average.
Flipkart to sell part stake in Shadowfax for ₹700cr
Walmart-backed e-commerce giant Flipkart is planning to sell a part of its stake in logistics start-up Shadowfax Technologies, according to Moneycontrol.
Rupee slips to 95.77 after Iran closes Strait of Hormuz
The Indian rupee fell 39 paise to 95.77 against the US dollar as escalating Middle East tensions and a 4% rise in Brent crude prices dampened market sentiment.
U.S.-Iran conflict raises risks to India's oil and LPG supplies
Experts warn that escalating US-Iran tensions could disrupt LPG and fuel supplies, raising India's energy costs and threatening industries reliant on Middle Eastern imports.
TSMC adds 2 chip packaging plants at Chiayi Science Park
Taiwan's TSMC will build two additional advanced chip packaging plants in Chiayi Science Park, aiming to meet surging demand from AI chip designers like Nvidia.
Jet Airways's liquidation was upheld in late 2024; its remaining assets are being auctioned through July 2026
Jet Airways' remaining assets, including Boeing aircraft, luxury cars, and everyday items like cutlery and uniforms, are set to be auctioned as the airline undergoes liquidation.
Sensex crashes 700 points: What's behind today's decline?
The Indian stock market witnessed a major downturn today, with the benchmark indices Sensex and Nifty plummeting by as much as 0.9%.
HDFC Bank's clerical and support staff fall by over 8,000
HDFC Bank cut over 8,000 back-office roles last year as it embraced AI-driven automation, reallocating resources to customer-facing and management positions.
India CPI expected 4.24% in June 2026 exceeds RBI target
India's consumer price inflation is projected to rise to 4.24% in June, surpassing the Reserve Bank of India's target for the first time since January 2025.
Sensex falls 626 and Nifty slips 184 amid oil fears
Indian markets tumbled as renewed US-Iran tensions spiked crude oil prices, raising concerns over inflation and India's import bill, with Brent crude nearing $80 per barrel.
Kusumgar IPO allotment today: How to check status online
The allotment of shares for Kusumgar's ₹650 crore IPO will be finalized today. Investors who applied for the issue can check their application status online.
Sensex falls 630 points, Nifty under 24,100 amid U.S.-Iran tensions
BSE Sensex plunged over 630 points in early trade Monday, while Nifty50 slipped below 24,100 as Brent crude prices surged 4% following escalating US-Iran tensions.
SBI Funds Management IPO oversubscribed more than 20 times
SBI Funds Management's anchor book was oversubscribed over 20 times, attracting global giants like Capital Group, BlackRock, Goldman Sachs, ADIA, and GIC.
Government support crucial for India's chip market to reach $350B
India's semiconductor consumption is projected to surge from $54 billion in 2026 to $350 billion by 2035, contingent on sustained government incentives and subsidy packages.
Oil jumps over 4% as Iran declares Hormuz closed
Oil prices have witnessed a sharp spike, rising over 4% on Monday. The surge comes as Iran has expanded its military operations to Gulf states in response to recent US attacks.
Mark Zuckerberg hits $237B, becomes 5th richest after Meta surge
Mark Zuckerberg's net worth soared by $13 billion on July 10, reaching $237 billion, as Meta's stock surged on investor optimism around its AI strategy and growth prospects.
Rupee opens at 95.70 against US dollar, slips 37 paise
The Indian rupee opened 37 paise lower at 95.70 against the US dollar, driven by rising crude oil prices following renewed US-Iran conflict escalation.
Hyundai's South Korean workers start 3-day partial strike over bonuses
Hyundai Motor Co. workers began a three-day partial strike, pushing for safeguards against AI-driven job losses and demanding bigger bonuses tied to company profits.
Millworks Technologies to launch SME IPO priced ₹315-₹331, raising ₹160.33cr
Millworks Technologies' BSE SME IPO opens on July 14, 2026, aiming to raise Rs 160.33 crore. The Grey Market Premium (GMP) has surged to a remarkable 120% ahead of the issue.
Kusumgar IPO allotment finalized Monday; applicants can check status
Kusumgar’s Rs 650 crore IPO allotment will be finalized today, with a strong grey market premium of 38%, reflecting high investor optimism ahead of its July 15, 2026 listing.
Ashwini Vaishnaw in Hyderabad urges Indian IT to lead AI
Union Minister Ashwini Vaishnaw emphasized that India's IT sector must transition from Software-as-a-Service to AI-as-a-Service to drive the nation's next phase of economic growth.
CBI court lifts LOC against Maiank Mehta in PNB fraud
A special CBI court revoked the Look Out Circular against Maiank Mehta, Nirav Modi's brother-in-law, citing his cooperation in the ₹13,850-crore PNB fraud investigation and trial.
South Korea's Kospi drops 6% after Strait of Hormuz claim
South Korea's Kospi index plunged 6% Monday, down 25% from its June peak, as Gulf tensions and doubts over AI-driven semiconductor demand rattled global investor sentiment.
Ather Energy to hold July 15 board meeting on funding
Ather Energy's board will meet on July 15 to evaluate fundraising options, including equity shares and convertible securities, aiming to bolster growth amid rising EV demand.
GIFT Nifty signals 200-point fall as crude trades near $75
Renewed geopolitical tensions between the US and Iran have triggered a sharp rebound in crude oil prices, signaling a gap-down opening for Nifty at 24,050 on Monday.
Razorpay CEO Harshil Mathur disputes YC 'paid seats' claim
Razorpay CEO Harshil Mathur criticized Omentir founder Vansh Yadav for falsely claiming a $250,000 fee guaranteed acceptance into Y Combinator's next batch.
SK Hynix falls 10% in Korea despite US 13% surge
Shares of SK Hynix plunged 10% on Korea's exchange after its ADRs soared 13% in a record-breaking $26.5 billion Wall Street IPO last Friday.
Oil jumps after US Iran clashes spark Hormuz supply concerns
Crude oil prices surged nearly 5% on July 13, with Brent nearing $80 per barrel as escalating US-Iran tensions threaten energy shipments through the Strait of Hormuz.
India pauses US trade talks over tariff terms and protections
India has declined a rushed trade deal with the US, emphasizing long-term economic benefits and safeguarding key sectors like agriculture over immediate tariff relief.
Gold falls below $4,100 as silver drops nearly 2% Monday
Gold and silver prices fell on Monday as rising crude oil prices, a stronger US dollar, and higher bond yields outweighed safe-haven demand amid West Asia tensions.
Big tech borrows $75B for AI as bond market strains
Tech giants have issued $244 billion in bonds this year, overwhelming investors as the race to fund AI infrastructure intensifies and borrowing costs begin to climb.
RBI unwinds $106.7 billion short dollar position to stabilize rupee
The Reserve Bank of India is reducing its $100 billion short dollar forward position to stabilize the rupee, balancing foreign inflows and avoiding market volatility.
Asian markets tumble after Iran says it's closing Hormuz Strait
Asian markets fell on Monday as Gulf tensions escalated, driving oil prices higher and reigniting inflation concerns, while investors anticipated a Federal Reserve rate hike.
Tata Consultancy Services teams with Indian developers on sovereign AI
TCS emphasizes the need for sovereign AI capabilities in India, initiating discussions with local developers to address sensitive workloads and reduce reliance on global platforms.
SpaceX's $75B IPO could spur more investment into Indian startups
The record-breaking IPOs of SpaceX, OpenAI, and Anthropic could catalyze fresh capital inflows into Indian start-ups as global investors eye new opportunities.
Private equity firms show fresh interest in India's K-12 schools
Private equity firms are refocusing on India's K-12 school sector, drawn by resilient cash flows, consolidation opportunities, and anti-cyclical stability.
Calcutta Stock Exchange prepares to relaunch with new trading platform
The 118-year-old Calcutta Stock Exchange (CSE) is set to make a comeback with a new trading platform, upgraded infrastructure, and state-backed efforts to restore its operations.
Oil jumps over 3% after Iran attacks Qatar and UAE
Global oil prices jumped over 3% as Iran expanded military strikes in the Gulf following US attacks, raising fears of disruptions through the critical Strait of Hormuz.
Shriram Asset Management Company backs India's power sector for AI
India's power sector is poised to gain significantly from the AI boom, as Shriram AMC highlights its pivotal role in supporting AI infrastructure and driving sustainable returns.
AI-powered stock surge cools as NVIDIA and Alphabet down 11%
Several leading AI stocks, including Nvidia and Alphabet, have seen sharp declines, erasing billions in market value after significant rallies since the start of 2026.
Indian oil companies plan 10-kg LPG cylinders for commercial sale
State-run oil firms may extend lightweight 10-kg LPG cylinders to commercial users, offering a portable, space-saving option at commercial rates if approved.
RBI mulls higher interest education savings as India fees climb
The Reserve Bank of India is consulting banks on launching a high-interest savings product to help families manage rising education costs, which are growing faster than incomes.
RBI requires banks to report detailed vetting of overseas investments
The Reserve Bank of India now requires banks to collect detailed anti-money laundering and due diligence data on overseas business partners from corporate investors.
Indian households barely invest in financial assets: UBS report
The 2026 UBS Global Wealth Report has revealed a major difference in the composition of wealth between India and other countries.
'Super' El Nino could raise global food prices until 2028
A "super" El Nino weather cycle this year could lead to a major shock in global food prices, lasting until 2028, economists have warned.
EPFO members can now access services online from anywhere
The Employees's Provident Fund Organisation (EPFO) has successfully migrated its member database to a centralized platform under the Centralized IT Enabled Services (CITES) project.
Indian professionals in UK to save 25% on social security
Union Minister Piyush Goyal has announced that Indian professionals working in the UK on temporary assignments of up to five years will no longer lose nearly 25% of their salary to the UK's social security system.
Trump administration subpoenas NYT reporters over presidential plane leak
The US Department of Justice has issued subpoenas to four journalists from The New York Times.
3 IPOs to open next week
The primary market is gearing up for a busy week, with three initial public offerings (IPOs) worth over ₹10,100 crore opening for subscription from July 14.
TCS plans expansion of forward-deployed engineers amid AI disruption fears
Tata Consultancy Services (TCS) is gearing up to build a massive team of forward-deployed engineers (FDEs).
How Apple avoided semiconductor tariffs through Intel partnership
Apple managed to dodge semiconductor tariffs last year, thanks to a strategic deal with Intel.
India, Canada finish 3rd round of talks for trade deal
India and Canada have successfully concluded the third round of negotiations for their proposed Comprehensive Economic Partnership Agreement (CEPA).
Market valuation of India's top 4 firms rises by ₹92,995cr
The combined market capitalization of four of the top 10 most valued companies in India surged by a whopping ₹92,995.48 crore last week.
These FMCG companies reduced their Indian headcount in FY26
India's top fast-moving consumer goods (FMCG) companies have shown a mixed trend in their workforce for the fiscal year 2025-26.
This leading defence company plans to raise ₹3,322cr
Apollo Micro Systems, a leading player in the defense sector, has announced its plan to raise ₹3,322 crore through a preferential issue.
EPFO announces an amnesty scheme: How it helps you?
The Employees' Provident Fund Organisation (EPFO) has launched the Amnesty Scheme, 2026, a one-time opportunity for organizations with exempted Provident Fund (PF) trusts under the Income Tax Act, 1961.
FPIs reverse 4-month selling spree of Indian equities in July
Foreign portfolio investors (FPIs) have turned net buyers of Indian equities in July after four consecutive months of selling.
India's Russian crude imports hit new high in June
India's imports of Russian crude oil hit a record high in June, according to a report by the Centre for Research on Energy and Clean Air (CREA).
India's first geothermal power plant might be operational soon
State-run Oil and Natural Gas Corporation (ONGC) has taken a major step toward establishing India's first pilot geothermal power plant.
New IRCTC website to be launched this month: Ashwini Vaishnaw
The Ministry of Railways is gearing up to launch a beta version of the revamped Indian Railway Catering and Tourism Corporation (IRCTC) website.
SBI Funds Management trims IPO size to ₹9,813cr
SBI Funds Management, India's largest asset management company, has reduced the size of its initial public offering (IPO) to ₹9,812.9 crore.
US judge questions Justice Department's dismissal of Adani case
A US federal judge has asked Indian billionaire Gautam Adani to clarify if he knows about any quid pro quo related to the Department of Justice (DOJ)'s decision to drop a criminal indictment against him.
Volkswagen CEO's restructuring plan rejected by key board members
Volkswagen AG's CEO Oliver Blume is facing major challenges in his efforts to revamp Europe's largest carmaker.
Tripura secures ₹10,000cr in investment proposals from Google, Salesforce
Tripura recently held the Destination Tripura Business Conclave 2026, which witnessed a huge response from investors and industry leaders.
Netflix and Sony Pictures are interested in buying Letterboxd
Letterboxd, the popular social platform for movie lovers, is reportedly in talks with several potential buyers.
Meet Vinod Khosla, Indian-American billionaire behind $9.6B NFL team purchase
Indian-American billionaire Vinod Khosla and his wife Neeru Khosla are the new owners of the Seattle Seahawks.
Is Flipkart using deep discounts to favor select sellers?
The Forum for Internet Retailers, Sellers, and Traders (FIRST) has filed a new antitrust complaint against Flipkart with the Competition Commission of India (CCI).
Why Norwegian Air changed its Instagram logo to British Airways
Norwegian Air Shuttle has honored its friendly wager with British Airways after England's victory over Norway in the FIFA World Cup quarter-finals.
OpenAI's safety head departs amid leadership reshuffle
Johannes Heidecke, the Head of Safety Systems at OpenAI since 2024, has decided to leave the company.