Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
China's factories just broke a record—8 months of slowdown
China's factory activity remained in contraction for a record eighth month in November, reflecting the country's deepening economic slowdown.
Indian exporters rethink strategy as US tariffs bite, look east
Indian exporters are mitigating the impact of high US tariffs by redirecting shipments to alternative markets in Asia and Europe, according to a recent report.
Lenskart's Q2 results: Net profit surges 20% YoY to ₹102cr
Lenskart, India's leading tech-driven eyewear retailer, has posted a strong set of earnings for the second quarter ending September.
Why NSE and BSE fined Garden Reach Shipbuilders ₹20L
Garden Reach Shipbuilders and Engineers Ltd (GRSE) has been fined ₹19.54 lakh by the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) for failing to comply with corporate governance norms.
Tata Electronics to expand workforce to 75,000
Tata Electronics, a major player in India's electronics and semiconductor manufacturing sector, is on the fast track to growth. The company will soon match Foxconn's headcount in India.
CRISIL raises India's GDP growth forecast to 7%: Here's why
Ratings agency CRISIL has revised its projection for India's GDP growth upward, from 6.5% to a robust 7%, for the current fiscal year.
India's fiscal health: Revenue collection, state transfers rise in 2025
The Ministry of Finance has released the fiscal data for the current financial year (FY) till October 2025.
India's exports to US plummet 28.5% due to tariff hikes
India's exports to the US, its largest export market, have taken a major hit due to aggressive tariff hikes.
Should you invest in small savings schemes like PPF now?
The new tax regime has left many taxpayers questioning the value of investing in small savings schemes like the Public Provident Fund (PPF), Senior Citizens Savings Scheme (SCSS), and National Savings Certificate (NSC) in India.
Vivek Chaturvedi to lead India's top body for indirect taxes
Senior Indian Revenue Service (IRS) officer Vivek Chaturvedi has been appointed as the new Chairman of the Central Board of Indirect Taxes and Customs (CBIC).
Why SEBI banned new business for stock broker Prabhudas Lilladher
The Securities and Exchange Board of India (SEBI) has imposed a seven-day ban on stock broker Prabhudas Lilladher Pvt. Ltd.
Adani investing $5B in Google's AI data center in India
The Adani Group has announced plans to invest up to $5 billion in Google's artificial intelligence (AI) data center project in India.
IndiGo says no flight cancellations after Airbus A320 software advisory
IndiGo has confirmed that none of its flights were canceled due to a global software update advisory issued by Airbus for A320-family aircraft.
How India's new labor codes will impact your salary
The Indian government has introduced four new Labor Codes, replacing 29 outdated laws.
Adani Group to reduce debt to ₹1L crore by 2030
Adani Group has announced its ambitious plan to bring down its total debt on the books to ₹1 lakh crore by 2030.
Silver, copper prices touch record highs: Here we decode why
Silver and copper prices have surged to new highs amid a chaotic trading session on CME Group's Chicago Mercantile Exchange.
Adani Group interested in Sahara properties, but there's a catch
The Adani Group has shown interest in the properties that the Sahara Group is looking to sell.
Google withdraws EU antitrust complaint against Microsoft's cloud practices
Google has withdrawn its EU antitrust complaint against Microsoft over cloud computing practices.
SoftBank stays invested as Meesho gears up for $600M IPO
Meesho, India's leading e-commerce platform, will launch its initial public offering (IPO) on December 3.
Baidu starts large-scale layoffs as profits fall and competition surges
China's tech giant Baidu has begun a massive layoff process across several business units.
India's forex reserves drop by $4.5B to $688B
India's foreign exchange reserves have witnessed a decline of $4.47 billion, bringing the total to $688.10 billion for the week ending November 21, according to data from the Reserve Bank of India (RBI).
Amazon, Flipkart will offer loans to Indian consumers, small businesses
Amazon and Flipkart are taking on traditional banks in India by launching new lending products for small businesses and consumers.
Zerodha's Nithin Kamath warns investors on risks of unlisted shares
Zerodha's founder and CEO Nithin Kamath has raised concerns over the current state of India's unlisted shares market.
How RBI's credit score rules can reduce home loan cost
RBI has introduced new guidelines that could help borrowers lower their home loan interest rates.
India's economy grows 8.2% in Q2, fastest in six quarters
India's economy has registered a stellar growth of 8.2% in the July-September quarter, the highest in six quarters.
ED probes Udaipur wedding after ₹331cr found with Rapido rider
The Enforcement Directorate (ED) is investigating a massive money laundering case linked to a lavish wedding at the Taj Aravali Resort in Udaipur in November 2024.
India to be fastest-growing economy among emerging markets
Moody's Ratings has projected that India will be the fastest-growing economy among emerging markets and the Asia Pacific region.
India-US trade deal expected to be sealed by December
India and the United States are in regular virtual trade talks, Commerce Secretary Rajesh Agarwal said on Friday.
NPCI aims to handle 1B transactions every month
The National Payments Corporation of India (NPCI) has announced its ambitious plan to process one billion monthly transactions through its new net banking switch, Banking Connect.
Decathlon to hire 2,500 people, invest €100M in India
French sports gear and fitness equipment brand, Decathlon, has announced plans to hire 2,500 new employees and invest €100 million in India by 2030.
India negotiating trade deals with 50 countries: Piyush Goyal
India is actively pursuing trade agreements with 50 countries, Union Commerce and Industry Minister Piyush Goyal said on Friday.
FutureMe, a South African luxury skincare brand, launches in India
FutureMe, an ultra-luxury skincare brand from South Africa, has officially launched its products in India.
LG India reshuffles leadership to boost post-IPO growth
LG Electronics India has announced a major leadership reorganization to drive its post-IPO growth.
Telecom operators raise concerns over India's new data protection rules
India's telecom operators have expressed concerns over the country's newly notified digital data protection rules.
SEBI announces new incentive structure for mutual fund distributors
The Securities and Exchange Board of India (SEBI) has announced a revamped incentive structure for mutual fund distributors.
Soon, you can update Aadhaar mobile number from home
The Unique Identification Authority of India (UIDAI) is working on a new feature to allow users to update their Aadhaar mobile numbers from the comfort of their homes.
ADB approves $846M loan to modernize India's skill development institutes
The Asian Development Bank (ADB) has approved an $846 million loan to India.
Meesho's ₹5,421cr IPO: What GMP signals ahead of launch
SoftBank-backed e-commerce platform Meesho has announced the price band for its Initial Public Offering (IPO) at ₹105-111 per equity share of face value ₹1 each.
RBI may cut repo rate to 5.25% next week
The Reserve Bank of India (RBI) is expected to cut its key interest rate by 25 basis points to 5.25% on December 5, a Reuters poll has shown.
Formal job creation in India falls 20% in October: Report
India's formal job creation has witnessed a major decline of nearly 20% year-on-year in October, according to a report by global job site Indeed.
BYJU founder to challenge US court order directing $1B payment
BYJU Raveendran, the founder of edtech giant BYJU'S, is gearing up to contest a US bankruptcy court ruling.
Reliance Industries slapped with ₹56cr penalty, plans to appeal
Reliance Industries Limited (RIL) has been slapped with a penalty of ₹56.44 crore by the Central Goods and Services Tax (CGST) department in Ahmedabad.
Swiggy, Zepto race for ₹15,000cr public market funding
The battle for quick commerce market share is heating up as Swiggy and Zepto prepare to tap into public markets. The potential fundraises could total as much as ₹15,000 crore.
Meesho IPO set to mint millions for founders, early investors
Meesho, a value-focused e-commerce giant, has set its initial public offering (IPO) price band at ₹105-115 per share.
Apple's 5th India store opens in Noida on December 11
Apple is set to expand its offline retail presence in India by opening a new store in Noida on December 11.
French antitrust authority dismisses complaint against Microsoft
The Autorite de la Concurrence, France's antitrust watchdog, has dismissed a complaint lodged by local search engine Qwant against tech giant Microsoft.
Zerodha invests $5M in Tijori to boost stock analytics platform
Tijori Finance, a Bengaluru-based stock analytics platform, has secured a $5 million (approximately ₹45 crore) investment from brokerage firm Zerodha.
Paying via UPI? Here's how to earn more cashbacks
As Unified Payments Interface (UPI) apps expand their cashback and points programs, users are keen to know how these rewards work.
India's space sector seeks 3x funding boost in Budget 2026
The Satcom Industry Association of India (SIA-India) has urged Finance Minister Nirmala Sitharaman to triple the budget allocation for the country's space sector.
India's Q2 GDP growth estimated at 7-7.5%: Finance Ministry
Indian economy is likely to have expanded by 7-7.5% in the July-September quarter (Q2) of FY26, a Finance Ministry report said on Thursday.
Ganesh Housing shares surge after Ahmedabad named Commonwealth Games host
Ganesh Housing Ltd., a real estate developer, witnessed a massive surge in its share price on Thursday.
Centre moves SC against states' power to tax mining lands
The central government has filed a curative petition in the Supreme Court, challenging its earlier decision that empowered states to levy taxes on mining and mineral-bearing lands.
Apple's original founding document, signed by Jobs, heads to auction
The original document that officially created Apple in 1976 is going up for auction.
Apple's 5th store in India to open in this city
Apple is gearing up to launch its fifth retail store in India, according to industry speculation.
Bitcoin recovers to $91,000 amid institutional buying, market optimism
Bitcoin has surged back to the $91,000 mark, a jump of 4.52% in the last 24 hours. The surge is attributed to renewed buying interest and improved market sentiment.
SEBI approves ICICI Prudential AMC's ₹10,000cr IPO
The Securities and Exchange Board of India(SEBI) has approved the initial public offering (IPO) of ICICI Prudential Asset Management Company (AMC).
Nadella asks Microsoft leaders to rethink business for AI era
Microsoft CEO Satya Nadella has sent an internal memo urging senior leaders to rethink the company's business model for the artificial intelligence (AI) age.
Apple sued over alleged use of conflict-linked minerals
A Washington-based advocacy organization, International Rights Advocates (IRAdvocates), has filed a lawsuit against Apple, alleging the company used minerals tied to conflict and human rights abuses in the Democratic Republic of Congo (DRC) and Rwanda.
OpenAI needs $207B to stay afloat
OpenAI, a leading artificial intelligence (AI) company, may need to raise a whopping $207 billion by 2030 just to stay in business.
Apple challenges India's antitrust law amid potential $38B fine
Apple has challenged India's new antitrust penalty law, which could see the tech giant facing a fine of up to $38 billion.
Sensex crosses 86,000 for first time, Nifty hits record high
The Indian stock market witnessed a major surge today, with the Nifty 50 hitting a new lifetime high after 14 months.
ED arrests WinZO co-founders in money laundering case
Saumya Singh Rathore and Paavan Nanda, the co-founders of online gaming platform WinZO, have been arrested by the Enforcement Directorate (ED) on money laundering charges.
Why Allianz is planning to fire around 1,800 employees
German insurance giant Allianz is planning to lay off between 1,500 and 1,800 employees in its travel insurance division.
Delhi HC to hear Apple's plea against CCI next month
Apple has challenged a recent amendment to the Competition Act, 2002, which allows the Competition Commission of India (CCI) to impose penalties based on a company's global turnover.
Why many income tax refunds for FY25 are still stuck
Many taxpayers are yet to receive their income tax refunds for FY 2024-25 or AY 2025-26. The delay has prompted people to frequently check the income tax portal for updates.
Africa's richest man plans to invest in Indian data centers
Aliko Dangote, Africa's wealthiest man and the President of the Dangote Group, is considering investing in data centers in India.
Why Italy is expanding its antitrust probe into Meta
Italy's antitrust authority, the AGCM, has expanded its investigation into Meta.