Business News
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L'Oreal expands CeraVe and La Roche-Posay across more Indian cities
L'Oreal is accelerating its growth in India by focusing on quick commerce and developing locally tailored products, driven by rising demand for haircare and skincare.
AI could add $2.52T to global economy annually, says McKinsey
Artificial intelligence (AI) has the potential to add a whopping $2.52 trillion in annual economic value globally by automating and supporting existing work, a new report from McKinsey has said.
These 5 IPOs will hit India's stock market next week
The Indian primary market is gearing up for a busy week, with five mainboard initial public offerings (IPOs) scheduled to raise a total of ₹2,581 crore between October 26 and 30.
Audi's $4.2B bet gives Trump fresh leverage to defend tariffs
Ahead of the US midterm elections, President Donald Trump is using Volkswagen's $4.2 billion investment in Audi's first US plant in Georgia to defend his tariff policy.
NVIDIA CEO Jensen Huang: US chip curbs boost China semiconductors
Nvidia CEO Jensen Huang claims US export restrictions have accelerated China's semiconductor development, yet he remains confident in the strength of American technology firms.
Jio Platforms IPO allotment set Monday after 22.19 times oversubscription
Jio Platforms' IPO allotment is set for 26 October, with a grey market premium suggesting a 22% listing gain. Here's how to check your allotment status.
Barclays to cut about 5,000 jobs by end of 2026
Barclays aims to cut 5,000 jobs by the end of 2026, leveraging AI and technology to reduce costs. The bank has already eliminated around 1,000 positions this year.
SEBI eases short selling and securities lending in India
Sebi is reviewing short-selling and securities lending rules to enhance market liquidity and price discovery, as part of broader efforts to deepen capital markets.
Chinese smartphone makers lose share in India amid memory-chip rise
Chinese smartphone brands' market share in India dropped to 67-68% in Q3, the lowest in over eight years, as soaring memory chip prices led to cuts in budget models.
AU Bank's Q2 results: Net profit up 53% to ₹858cr
AU Small Finance Bank has reported a whopping 53% jump in its net profit for the second quarter ending September 30, 2026.
Lulu Group loses ₹1.64cr to email impersonation fraud
Lulu Group, a retail giant, has become the latest victim of an alleged email impersonation fraud.
Kotak Mahindra Bank's Q2 FY27 profit jumps 26% to ₹5,645cr
Kotak Mahindra Bank has reported a consolidated net profit of ₹5,645 crore for the second quarter ending September 30, 2026.
Why OpenAI and Sam Altman have been sued by Texas
Texas Attorney General Ken Paxton has filed a lawsuit against OpenAI and its CEO Sam Altman.
Xbox's 1st-ever COO, Helen Chiang, quits after just 3 months
Helen Chiang, Microsoft's first Chief Operating Officer (COO) for Xbox, is leaving the company after just three months in her new role.
SpaceXSI is coming for Verizon, T-Mobile, AT&T in the US
SpaceXSI is looking to enter the mobile carrier market by leveraging at least 80,000 cell sites in the US.
US lifting tariffs on some Canadian goods ahead of elections
The Donald Trump administration has announced the removal of some 50% tariffs on Canadian goods, just two weeks before the midterm elections.
Why Boeing has stopped making 777 freighter for 2 months
Boeing's production of the 777 freighter has been stalled for nearly two months, thanks to a dispute with a small Florida-based supplier.
BPCL swings to ₹4,993cr profit in Q2 FY27
Bharat Petroleum Corporation Limited (BPCL), a state-owned oil and gas company, has reported a standalone net profit of ₹4,993.17 crore for the September quarter of FY27.
India's private sector activity hits 4-month high in October
India's private sector activity witnessed a significant surge in October, marking its fastest growth in four months.
Jio IPO sets global record with over 1 crore applications
Jio Platforms Ltd's initial public offering (IPO) has set a new global record by receiving over one crore applications.
Westside charges ₹49 for credit card payments: Is it legal?
Westside, a leading retail chain, has come under fire for charging a flat "convenience fee" of ₹49 on all in-store credit card transactions.
Smartphone maker LAVA faces leadership shakeup as top executives resign
LAVA International's Managing Director Sunil Raina and Chief Financial Officer Rajesh Sethi have resigned from their positions, Moneycontrol reported.
After IDBI, Centre weighs stake cuts in 4 PSU banks
The Indian government is mulling over reducing its stakes in four public sector banks (PSBs) to meet public shareholding norms.
Airtel's ₹200 prepaid pack now comes with YouTube Premium
Airtel has partnered with YouTube, bringing the latter's premium benefits to its prepaid customers in India.
Silver prices hit 11-month low: What's affecting the precious metal?
Silver prices in India have hit an 11-month low, with the MCX silver rate falling below ₹2 lakh per kg.
Ola Electric shares hit 6-month low
Ola Electric's shares plummeted over 7% to a six-month low of ₹29.53 on the NSE today.
Gold prices fall below $4,000 for first time since July
The price of gold has fallen below $4,000 per ounce for the first time since July. The precious metal hit a low of $3,986.85 on Friday.
Volvo Cars to cut 2,500 jobs globally
Volvo Cars, the Swedish carmaker owned by Chinese group Geely, has announced plans to cut around 2,500 jobs globally.
Sensex tanks 650 points: What's behind today's decline?
Indian stock markets witnessed another downturn today, with the Nifty 50 index falling below the 22,450 mark and the Sensex losing nearly 648.74 points to 72,600, at the time of writing.
Swiggy's stock crashes 12% to record low
Swiggy's shares have witnessed a massive fall, plummeting nearly 12% today to hit a record low.
Musk reportedly invests $1B in Skydance
Elon Musk has invested around $1 billion in Skydance, a newly formed media company, Semafor reported.
Brent crude hits $114 per barrel, highest since May
Crude oil prices have soared by 4%, with Brent crude hitting $114 per barrel, its highest since May 2026.
OpenAI seeks $30B at $1.25 trillion valuation ahead of IPO
OpenAI, the leading artificial intelligence (AI) company based in San Francisco, is on the verge of a major funding round.
Jio Platforms IPO closes today
Jio Platforms' ₹30,213 crore initial public offering (IPO) will close today. The issue has drawn strong investor interest and the gray market suggests a potential listing gain of over 20%.
Swiggy posts ₹922cr loss in Q2
Swiggy, the popular food and grocery delivery platform, has witnessed an improvement in its financial performance for the second quarter (Q2) of FY27.
SoftBank's market value crashes 50% as AI worries mount
SoftBank Group has seen its market value cut in half since its peak in June, owing to rising borrowing costs and debt risks.
Flipkart loses 3 more VPs as senior-level exits hit 14
Walmart-owned e-commerce giant Flipkart has witnessed the exit of three more senior executives.
Netflix subscribers, be ready to pay more
Netflix has hinted at potential future price hikes for its subscription services.
ICICI Bank revising savings account charges: What changes for customers?
ICICI Bank has announced a revision in its savings account service charges, effective from December 1.
Barclays cuts 5,000 jobs as AI reshapes banking
Barclays, one of the leading banking groups, has announced plans to cut around 5,000 jobs this year.
Tesla-SpaceX merger could add $110B to Musk's wealth
Elon Musk has confirmed that both SpaceX and Tesla have formed special committees to explore a possible merger.
No order, no seat: Starbucks China makes buying mandatory
Starbucks has introduced a new policy in China, making it mandatory for customers to make a purchase if they want to use the seating area.
Xbox mandates 4-day office attendance: Who does it apply to?
Microsoft has announced a new policy mandating most of its Xbox employees to work from the office four days a week.
Meta strikes deal with Zuckerberg to keep him in California
Meta has struck a deal with its CEO Mark Zuckerberg, allowing him to sell shares without losing control of the company.
Automattic begins layoffs amid board crisis and executive exodus
Automattic, the parent company of popular platforms like WordPress.com, WooCommerce, and Tumblr, has started laying off employees., according to Techcrunch.
Meta creates new class of shares to fund AI investments
Meta plans to introduce a new class of non-voting shares to help fund its growing AI ambitions.
DeepSeek raises $15B to challenge OpenAI and Anthropic
DeepSeek, a leading artificial intelligence (AI) start-up from China, has raised 100 billion yuan ($15 billion) in its latest funding round.
Shiprocket enters food delivery space
Shiprocket, a leading logistics and e-commerce enablement company, has announced its entry into the food delivery sector to rival Zomato and Swiggy.
Tesla's net profit drops 43% in Q3
Tesla has reported a major decline in its net profit for the third quarter of 2026.
Oil prices cross $110 after drone attack on Saudi oilfield
Oil prices have surged due to a drone attack on a Saudi Aramco oilfield, raising fears of supply disruptions amid the escalating West Asia conflict.
Meta reports $65B revenue for Q3
Meta Platforms, the parent company of Facebook and Instagram, has reported a stellar third-quarter revenue for 2026.
Down 20% from peak, China's stock market enters bear territory
China's mainland-listed shares have entered a technical bear market, with the CSI 300 Index plunging nearly 20% from its June peak.
Why Booking.com is facing an EU probe
The European Union (EU) has launched an investigation into online travel agent Booking.com over alleged failures to combat fake listings and phishing scams.
SAT reserves order in trading giant Jane Street's case
The Securities Appellate Tribunal (SAT) has reserved its order in the case of trading giant Jane Street.
Netflix beats earnings estimates, so why are shares falling?
Netflix has reported its third-quarter earnings, which have beaten analyst estimates.
How Costa Coffee turned into a $5.1B headache for Coca-Cola
Coca-Cola's $5.1 billion acquisition of Costa Coffee, the UK's answer to Starbucks, has turned out to be a costly miscalculation.
Looted French luxury goods up for resale on Vinted
In the wake of the recent unrest in France, online second-hand marketplace Vinted has removed listings of stolen French goods.
India's crude import bill jumps 46% to $91 billion
India's crude oil import bill has witnessed a massive jump of 46.3% to $90.6 billion in the April-September period, according to data from the Petroleum Planning and Analysis Cell (PPAC).
Carlsberg might file for $700M IPO in India this week
Danish brewing giant Carlsberg is gearing up to file for an initial public offering (IPO) of its Indian business as early as this week, as per Bloomberg.
Eternal's Q2 FY27 profit jumps 92% YoY to ₹125cr
Eternal, the parent company of Zomato and Blinkit, has reported a 92% jump in its net profit for the quarter ending September 30.
Sensex crashes 1,400 points from day's high
India's benchmark indices, Sensex and Nifty, witnessed a major fall from their day's high on Wednesday. The decline was mainly due to profit booking at higher levels.
eMudhra shares crash 20% after security flaw hits TLS certificates
Shares of Bengaluru-based eMudhra Ltd plummeted by 20% on Wednesday.
HDFC Bank finds 2 senior executives leaked secrets
HDFC Bank, India's largest lender by market capitalization, is investigating two of its senior executives for allegedly leaking confidential business strategies and possibly market-sensitive information.
Deepinder Goyal teases 'DARK by ETERNAL' on social media
Deepinder Goyal, the founder of Eternal (Zomato's parent company), has teased a new project called Dark.ai.
You can use Vodafone Idea's voice-only plans by October-end
Vodafone Idea is all set to launch its new voice-only plans by the end of this month.
AI IPOs could add $100B to India's stock-market: Goldman Sachs
Goldman Sachs has predicted that India's listed artificial intelligence (AI) market could see a major boost in the coming years.