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Indian startups raise $219.2 million as late stage dominates funding
Indian startups raised $219.2 million across 18 deals last week, a 28.3% increase driven by late-stage investments, which accounted for 76% of the total capital raised.
Investors drive June inflows: multi-asset funds ₹4,811cr arbitrage funds ₹5,799cr
Multi-asset allocation funds attracted ₹4,811 crore in June, driven by investor demand for diversified options amid volatile markets and geopolitical uncertainties.
Chey Tae-won's 2012 bet yields SK Hynix $26.5B Nasdaq listing
Chey Tae-won's risky acquisition of loss-making SK Hynix in 2012 transformed the chipmaker into an AI powerhouse, culminating in its $26.5 billion Nasdaq listing.
Latent View Analytics pivots to AI across majority of projects
Latent View Analytics anticipates significant growth as enterprise adoption of AI expands, driven by falling costs and increasing integration across industries.
Policybazaar names Amitabh Bachchan to promote health and term insurance
Policybazaar has appointed veteran actor Amitabh Bachchan as its brand ambassador to promote health and term insurance, supporting IRDAI's vision of Insurance For All by 2047.
Happy Steels seeks 25cr in IPO more than twice subscribed
Punjab-based Happy Steels' maiden IPO, aiming to raise Rs 25 crore, was fully subscribed 2.4 times by Day 2, with the issue set to close on July 13.
Nagpur based Solar Industries helps Nuwal family join India's wealthiest
Nagpur's Nuwal family amassed a ₹1.2 lakh crore fortune as their company, Solar Industries India Ltd, soared in value, driven by explosive growth in defence and industrial sectors.
HCG Bengaluru uses AI to personalize cancer care via buckets
Healthcare Global Enterprises (HCG) is utilising artificial intelligence and patient data to develop algorithms that personalise cancer treatment and improve outcomes.
Tamil Nadu's Milky Mist plans ₹2,035cr IPO by early August
Milky Mist Dairy Food Ltd. plans to launch its ₹2,035 crore IPO by late July or early August, aiming to expand manufacturing capacity and repay debt through the proceeds.
Palo Alto Networks CEO Arora says AI tools too expensive
Palo Alto Networks CEO Nikesh Arora calls OpenAI’s 54% token efficiency improvement a “good start” but stresses the need for far deeper cost reductions within the next 12 months.
Gold ETFs pull in 3,443cr in June after May outflows
Gold ETFs saw a sharp 570% surge in inflows in June, rebounding from May's outflows, as investors turn to bullion amid volatile markets and geopolitical uncertainties.
Gold, silver ETFs stage June comeback with ₹3,443cr ₹4,286cr inflows
Gold ETFs experienced a remarkable 570% surge in inflows in June, while silver ETFs followed with a 300% jump, reflecting robust investor interest despite negative monthly returns.
ED attaches assets worth ₹940.77cr in Mahadev Online Book case
The Enforcement Directorate (ED) has attached assets worth ₹940.77 crore linked to businessman Vikas Garg in its probe into illegal betting operations.
Silver Touch wins RITES contract to build PARAKH AI platform
Silver Touch Technologies Ltd will develop PARAKH, an AI-powered platform for infrastructure project appraisal, under a contract awarded by state-owned RITES Ltd.
Indian markets rebound Friday as Sensex up 827, Nifty 244
Sensex surged 827 points to close at 77,569, while Nifty added 244 points to end at 24,207 as softer crude prices and TCS-led IT gains lifted sentiment.
Uber's agentic AI powers departments after burning 2026 AI budget
Months after burning its 2026 AI budget early, Uber's CTO reveals a transformative shift with "Agentic AI," now adopted by 99% of engineers to revolutionize workflows company-wide.
SK Hynix Nasdaq debut sparks race to launch leveraged ETFs
At least 10 fund managers are preparing to launch single-stock ETFs tied to SK Hynix, following the chipmaker's $26.5 billion Nasdaq debut on July 10.
Bank of Maharashtra posts 27% profit jump to ₹2,020 cr
Bank of Maharashtra reported a 27% rise in net profit to ₹2,020 crore for Q1 FY27, with total income increasing to ₹9,063 crore from ₹7,879 crore year-on-year.
Delhi HC denies Google interim relief in 'HINDWARE' trademark dispute
The Delhi High Court has denied interim relief to Google India in a trademark infringement case.
8th Pay Commission weighs proposal to cap top government salaries
The 8th Central Pay Commission (CPC) is currently deliberating on a range of proposals, including the contentious issue of salary caps for top-ranking government officials.
SK Hynix eyes $26.5B US listing amid AI chip surge
South Korea's memory chip manufacturer, SK Hynix, has announced its mega US listing.
Global AI investments hit $3.2T in 1st half of 2026
The rapid adoption of artificial intelligence drove global mergers, acquisitions, and fundraising to a record USD 3.2 trillion in the first half of 2026.
Taiwan's Nanya to invest $6.2B for 2027 memory factory
Nanya Technology plans over $6 billion in capital spending for 2027, quadrupling this year's budget, as soaring AI-driven demand reshapes the global memory chip industry.
Short-term debt funds drove ₹1.09L/cr June outflows assets at ₹82.22L/cr
Debt mutual funds saw net outflows of ₹1.09 lakh crore in June, driven by institutional redemptions for quarter-end cash needs despite a rise in overall industry AUM.
NSE to start IPO roadshows as existing shareholders sell 6%
India's largest stock exchange, NSE, plans to present its $3.3 billion IPO to over 30 global investors, highlighting India's financial growth and untapped capital market potential.
You can now file your ITR on PhonePe and JioFinance
Fintech platforms PhonePe and JioFinance have launched in-app tax filing services in collaboration with TaxBuddy.
ONGC expands India's strategic oil reserves
State-owned Oil and Natural Gas Corporation (ONGC) has approved a major expansion of India's strategic oil reserves.
Aastha Spintex shares gain 5% after buying Falcon Yarns
Aastha Spintex shares rose 5% on Friday following the announcement of its acquisition of Falcon Yarns, boosting its spinning and spindle capacities significantly.
Dell unveils hybrid AI workstations in India, says Indrajit Belgundi
Dell, led by Indrajit Belgundi, is transforming workstations into AI-powered private labs, targeting India's SMBs with future-proof devices tailored for evolving workloads.
Christopher Wood: investors eye India China suppliers after AI fatigue
Christopher Wood highlights signs of "AI fatigue" as Jefferies shifts focus to undervalued markets like India and China, anticipating a rotation from AI momentum stocks.
Indian Bank posts 10% Q1 FY27 profit to ₹3,273cr
Indian Bank reported a 10% YoY rise in net profit to ₹3,273 crore in Q1FY27, driven by business growth and improved asset quality. Total income grew to ₹20,724 crore.
Forward deployed engineers help companies apply AI across industries
Forward Deployed Engineers (FDEs) are in skyrocketing demand, with top professionals earning nearly $1 million annually as companies race to deploy AI in real-world operations.
McKinsey: Employees adopt AI for everyday tasks, leaders unprepared
Employees are embracing AI tools rapidly, but organisations lag behind in driving structural and cultural changes needed to unlock enterprise-wide value, McKinsey survey reveals.
Nifty Midcap 100 and Smallcap 100 hit record highs
Indian equity markets surged on July 10, with Nifty Midcap 100 and Smallcap 100 hitting record highs, driven by strong earnings, positive global cues, and easing crude oil prices.
PSU bank stocks rally after Indian Bank June quarter results
PSU bank shares surged up to 10% on Friday, driven by Indian Bank's strong quarterly earnings and improved asset quality, alongside gains in other major public sector lenders.
Income Tax Department launches ITR-7 Excel utility for AY 2026-27
The Income Tax Department has launched the ITR-7 Excel Utility for Assessment Year 2026-27, enabling eligible entities to prepare and validate returns offline before e-filing.
June equity mutual fund inflows rise 26.5% to ₹28,961 cr
Net inflows into equity mutual funds rose 26.5% month-on-month to ₹28,961 crore in June, while the mutual fund industry's total AUM crossed ₹82 lakh crore.
India announces tax concessions for electronics manufacturing until March 2029
India offers customs duty concessions on machinery to boost domestic production, attract investments, and strengthen its electronics manufacturing ecosystem.
TCS hires 9,279 this quarter, workforce hits 593,000, embraces AI
TCS added 9,279 employees in Q1FY27, marking its strongest quarterly hiring in four years, as the company emphasized AI's role in reshaping jobs rather than eliminating them.
India institutional real estate inflows hit $4.5bn in H1 2026
Institutional investments in India’s real estate sector soared 50% year-on-year to $4.5 billion in H1 2026, driven by domestic capital and rising interest in mixed-use assets.
S&P and Moody's rate YES Bank as outlook strengthens
YES Bank has received positive rating upgrades from global and domestic agencies, reflecting its strengthened credit profile and strategic importance to key shareholder SMBC.
Michael Dell jokes 'Dellicopter' to President Trump at White House
Michael Dell humorously pitched the idea of a "Dellicopter" to President Trump during a White House event, sparking viral attention after being caught on a hot mic.
Elon Musk: June 2026 SpaceX stock awards made thousands millionaires
Elon Musk revealed that SpaceX's stock market debut created thousands of employee millionaires, thanks to the company's policy of broadly distributing stock.
RBI likely to hold as BofA flags 50bp December 2026
The Reserve Bank of India may raise rates by 50 bps from December 2026 as domestic inflation risks grow, driven by weather conditions and potential food price surges.
Google to appeal Delhi High Court ruling in Hindware case
The Delhi High Court will hear Google's appeal on July 24 against a ruling holding it liable for trademark infringement over its Google Ads keyword policy involving Hindware.
Sovereign wealth funds shift $404 billion toward AI and semiconductors
Sovereign wealth funds are shifting focus from financial returns to national priorities, with AI and semiconductors emerging as pivotal investment sectors.
Disney+ president steps down to become Fubo CEO
Alisa Bowen, the current president of Disney+, is stepping down from her position to become the CEO of Fubo, the internet TV streaming service that is majority-owned by Disney.
Kusumgar IPO stays hot with 38% GMP on final day
Kusumgar's ₹650 crore initial public offering (IPO) is witnessing a strong response from investors on its third and final day of bidding.
Apollo lodges £5.7 billion all-cash bid for easyJet, topping Castlelake
US private equity firm Apollo has entered a bidding war for easyJet, proposing a £5.7bn all-cash offer that surpasses Castlelake’s earlier £5.5bn bid.
Ageas Federal Life Insurance launches IndiGenius Fund at ₹10
Ageas Federal Life Insurance introduces the IndiGenius Fund, a thematic equity-focused ULIP fund investing across large-cap, mid-cap, and small-cap stocks.
Delhi High Court refuses Google interim relief in Hindware dispute
The Delhi High Court declined interim protection to Google India in its appeal against a ruling holding it liable for trademark infringement over its Ads platform.
PhonePe and JioFinance roll out TaxBuddy tax filing from ₹24
PhonePe and JioFinance have launched in-app income tax return (ITR) filing services starting at ₹24, offering both DIY and expert-assisted options for varied taxpayer needs.
Indian markets rally over 1% as Sensex gains 650.78 points
Sensex and Nifty pared early gains on July 10 as profit booking emerged at higher levels, with TCS shares easing and technical resistance capping further market upmove.
Vedanta shares rise on Thursday after June quarter production updates
Vedanta's demerged entities show mixed performance post-listing, with Vedanta Power leading operational growth, while Vedanta Oil & Gas faces production declines in Q1FY27.
News outlets seek court sanctions against OpenAI in copyright case
The New York Times and the Daily News have accused OpenAI of concealing evidence in a high-profile copyright case.
Akasa Air pauses Noida-Navi Mumbai flights, restart planned October 1
Akasa Air suspended its Noida–Navi Mumbai route within two weeks of launch, citing network optimisation amid concerns over poor connectivity and high airport charges.
Delhi High Court dismisses Zostel Hospitality petition against PRISM again
The Delhi High Court dismissed Zostel's latest petition against Oyo parent PRISM on July 8, marking the ninth unsuccessful judicial attempt in their prolonged legal dispute.
India secures $890 million World Bank loan for 10 million solar homes
The World Bank has approved a $890 million package to support India’s rooftop solar programme, aiming to install systems in 10 million households and boost domestic manufacturing.
TCS optimistic for 2026-27 growth driven by banking and AI
Tata Consultancy Services anticipates stronger growth in FY27, driven by robust banking demand, expanding AI revenue, and a healthy deal pipeline.
Moshe Katri: AI moving to real-world use in Indian IT
Indian IT firms may see AI-led growth within 6-12 months as enterprise projects scale, says Wedbush's Moshe Katri, highlighting rising demand and promising sector trends.
Aukera raises 90cr in funding led by Alteria Capital
Aukera, an Indian lab-grown diamond jewellery brand, secured ₹90 crore in a funding round led by Alteria Capital, with plans to expand its retail presence and innovation efforts.
Sensex surges over 800 points: What's driving today's rally?
India's benchmark indices, Sensex and Nifty, witnessed a major surge on Friday.
Sensex jumps nearly 695 points as TCS earnings drive rally
Sensex soared nearly 700 points and Nifty gained 195 points in early trade, driven by IT stock gains after TCS's strong earnings and positive global market trends.
Bitcoin tops $64,000 after Trump Iran assurances and rising yields
Bitcoin climbed to $64,029, gaining 0.33% in 24 hours and 2.95% over the week, as easing oil prices and Trump's remarks on Iran boosted market sentiment.
SBI Mutual Fund deploys AI across services ahead of IPO
SBI Funds Management leverages AI across investor services, compliance, and operations to enhance productivity while prioritizing data governance, security, and privacy.
AMFI upgrades Vedanta Aluminium to large-cap among India's top 100
Vedanta Aluminium, India's largest primary aluminium producer, has been classified as a large-cap firm by AMFI, just weeks after its independent listing on June 15, 2026.
India June retail inflation at 4.2% nudges past RBI comfort
India's retail inflation in June 2026 likely exceeded the RBI's 4% target, driven by rising fuel prices and food costs, according to a _Mint_ poll of economists.
Mirae Asset launches hybrid schemes including India's 1st hybrid ETF
Mirae Asset Mutual Fund introduces India's first hybrid ETF and smart beta-based hybrid index fund, offering unique equity-debt allocations with a passive investment strategy.
Tencent in talks to become Manus's largest shareholder via buyback
Tencent is reportedly negotiating to become the largest shareholder of AI startup Manus, following Beijing's directive for Meta to unwind its $2 billion acquisition.
Laser Power & Infra targets ₹4,000cr revenue within 3 years
Laser Power aims to achieve ₹4,000 crore annual revenue within three years, leveraging unused capacity and minimal capital expenditure while reducing debt through IPO proceeds.
SK Hynix prices US depository receipts at $149, raises $26.5B
SK Hynix’s $26.5-billion US listing generated nearly $260 million in fees, with Citigroup earning over $70 million, outpacing fees earned during SpaceX's record-breaking IPO.
OpenAI's AGI deployment chief steps down, citing health issues
Fidji Simo, the No. 2 executive at OpenAI, is stepping down from her full-time role and transition to a part-time advisory position instead.
TCS June-quarter profit up 4.61% at ₹13,349 cr, stocks rally
Indian IT stocks surged up to 3.7% on July 10, driven by TCS’ strong Q1 earnings and optimistic management commentary signaling improving demand and AI-led growth opportunities.
After record rupee defence, RBI faces $100B challenge
The Reserve Bank of India (RBI) is facing a major challenge in unwinding its massive short dollar position without destabilizing the currency market.
HFCL shares rise 2% after ₹495.8cr overseas optical fiber contract
HFCL shares surged 2% after securing a ₹496 crore export order for optical fibre cable solutions, highlighting global confidence in its manufacturing and technology expertise.
TCS shares climb over 3% to ₹2,120.30 topping Nifty 50
TCS shares surged over 3% after Q1 results highlighted $9.5 billion in deal wins and $2.6 billion in annualised AI revenue, with brokerages optimistic about Q2 demand recovery.
Rupee opens at 95.26 as oil eases, U.S.-Iran tensions linger
The Indian rupee opened 13 paise higher at 95.26 against the US dollar, supported by softer crude oil prices and a weaker dollar amidst geopolitical tensions.
IIT Kharagpur dormmates Vummadi and Dinne raise $61 million for Giga
An IIT Kharagpur alumnus left his PhD dream at 22 to co-found Giga, an AI startup with a college friend. Their venture now serves major clients and raised $61 million.
IC Electricals IPO oversubscribed 420 times ahead of ₹143 debut
IC Electricals' IPO debuts on the NSE SME platform today, commanding a Grey Market Premium of Rs 44, signaling an estimated 44% listing gain over its upper price band.
Gold, silver slide amid West Asia tensions, US rate uncertainty
Gold and silver prices faced sharp fluctuations this week due to geopolitical tensions, rising crude oil prices, and uncertainty over US Federal Reserve policies.
Asian stocks climb as SK Hynix IPO and chips rally
Asian stocks climbed on Friday, driven by chip and AI firms, as investors overlooked escalating US-Iran tensions and focused on the tech-led market rally.
InstaHelp, Snabbit and Pronto burn $16-17 million as orders rise 20%
Instant househelp startups saw a 14% MoM cash burn rise in June, hitting $16-17 million. Meanwhile, TCS reported steady Q1 growth with a 5% YoY profit increase.
Madhu Gurumurthy leaves Google for Meta to build AI products
Madhu Gurumurthy, Google's former AI product head, has joined Meta to build AI products, emphasizing the transformative potential of AI agents in complex systems.
SBI sells 1.42% in SBI Funds Management ahead of IPO
State Bank of India will sell a 1.42% stake in SBI Funds Management for ₹16.55 billion, setting an early valuation benchmark ahead of its ₹1.22 trillion IPO opening July 14.
SBI Funds Management nets ₹1,655cr from 30 pre IPO investors
SBI Funds Management raised ₹1,655 crore from 30 investors ahead of its ₹11,692.91-crore IPO, selling 2.88 crore shares at ₹574 each in a pre-IPO placement.
RBI's $106.7bn short dollar position as rupee approaches 9th loss
India's central bank confronts the daunting task of unwinding a record $106.7 billion short dollar position, risking renewed rupee volatility amid external pressures.
Oil steadies, Brent near $76 as U.S.-Iran talks continue
Oil prices stabilized after a volatile week as US-Iran technical talks continued, despite heightened tensions and disrupted shipping traffic through the critical Strait of Hormuz.
Bloomberg launches terminal platform to trade Indian government bonds globally
Bloomberg has launched an electronic trading system, enabling global investors to seamlessly buy and sell Indian government bonds via its widely-used Bloomberg Terminal.
Airbus workers strike across Spain from Getafe over pay
Airbus employees across Spain initiated a month-long strike over pay and conditions, threatening production schedules amid ongoing supply-chain challenges.
Philips makes over 85% of AI healthcare solutions in India
India now drives over 85% of Philips' AI healthcare solutions, with its Bengaluru campus becoming the company's largest global innovation hub for advanced medical technologies.
Indian government expands IndiaAI mission widening affordable AI chip access
The Indian government plans to extend subsidized access to AI chips from startups to public institutions, aiming to boost indigenous AI development and applications.
Rupee 95.39 vs USD on bank sales and oil dip
The Indian rupee appreciated by 16 paise on Thursday, supported by dollar sales from state-run banks and easing crude oil prices.
Fidji Simo leaves OpenAI full-time role to become part-time adviser
Fidji Simo, OpenAI’s No. 2 executive, is transitioning to a part-time advisory role due to prolonged medical leave, leaving a key leadership gap as the company eyes an IPO.
PwC India: AI savings offset by platform costs and compliance
India Inc anticipated cost savings from AI adoption in consulting, but firms cite investments in technology and senior expertise as reasons for maintaining high billing rates.
Waterways Leisure considers stock split, board to meet July 10
Waterways Leisure Tourism Ltd. will deliberate a stock split today, just eight days after its market debut, following a steady recovery in share price above its IPO listing value.
Kevin Warsh launches 5 Fed task forces to modernize operations
Federal Reserve Chair Kevin Warsh has appointed prominent figures, including Marc Andreessen and former Walmart CEO Doug McMillon, to lead five specialized task forces.
Lyzr of Jersey City raises $100 million Series B via SivaClaw
Lyzr, a Jersey City-based AI startup, used its own AI agent, SivaClaw, to secure a $100 million Series B round, showcasing the product's efficiency and market appeal.
Microsoft lays off 4,800 and faces backlash over H-1B approvals
Microsoft announced 4,800 job cuts, including 1,600 in Xbox, while receiving approval to hire 2,273 foreign workers under the H-1B visa program, sparking widespread criticism.
Centre urges states and UTs to back ₹10,000cr FoF 2.0
The commerce ministry has urged states to co-invest under the ₹10,000-crore Startup India Fund of Funds 2.0, aiming to unify public capital and boost emerging startup hubs.
Elon Musk hails Anthropic as AI leader, awaits Mythos 2
Elon Musk commended Anthropic's Mythos/Fable models as industry-leading and assured he wouldn’t disrupt their SpaceX-hosted infrastructure despite competitive dynamics.
Goldman Sachs bans employees from financial and political prediction markets
Goldman Sachs has prohibited employees from trading prediction-market contracts tied to finance and politics, citing potential conflicts of interest, Bloomberg News reported.
Indian industry urges US to drop proposed forced labor tariffs
Indian industry bodies have appealed to the USTR to reconsider proposed tariffs on Indian goods, citing lack of evidence for forced labour links and potential trade disruptions.
Gradium raises $100 million seed with NVIDIA, plans Bay Area expansion
Paris-based AI voice startup Gradium has raised $100 million in its reopened seed round, backed by Nvidia, to expand operations and strengthen its presence in the Bay Area.
Samsung India overhauls TV and appliance distribution to simplify sales
Samsung is restructuring its Indian operations to enhance profitability by eliminating overlapping functions in TV and home appliances sales divisions, potentially impacting jobs.
Microsoft layoffs: What employees will receive in severance
Microsoft has announced a major layoff, with plans to cut around 4,800 jobs or about 2.1% of its global workforce.
Google appeals Indian court's keyword bidding ruling
Google has challenged an Indian court ruling that found it infringed trademark rights by allowing competitors to bid on a company's trademarked name as a keyword for advertising.
Reddit post claims AI replaced 90% of developers, sparks debate
A recent Reddit post has sparked a heated debate over the impact of artificial intelligence (AI) on software engineering jobs.
FII selling shows signs of easing amid lower oil prices
Foreign Institutional Investors (FIIs) have been on a selling spree in the Indian stock market, pulling out over $60 billion since September 2024.
Groww now offers regular mutual funds to Prime users
Groww, India's largest stockbroker by active users, has started offering regular mutual funds on its Groww Prime platform.
India to remain world's fastest-growing major economy: International Monetary Fund
India is set to retain its title as the world's fastest-growing major economy, with a projected growth rate of 7% in 2026, according to the International Monetary Fund (IMF).
Volkswagen faces union protests over potential 100,000 job cuts globally
Volkswagen, Europe's largest carmaker, is facing backlash from its employees over a proposal to cut up to 100,000 jobs and close several factories.
TCS Q1 net profit at ₹13,349cr, misses estimates
Tata Consultancy Services (TCS), India's top IT services provider, has reported its fiscal first-quarter earnings.
New Zealand's 57% exports to India go tariff-free under FTA
Ahead of Prime Minister Narendra Modi's visit, New Zealand Prime Minister Christopher Luxon has announced that 57% of his country's exports to India will be tariff-free.
SK Hynix's $28B US share sale draws 7x investor demand
SK Hynix, a leading South Korean memory chipmaker, has witnessed an overwhelming response to its proposed $28 billion share sale in the US.
Chandrasekaran to oversee Air India until new CEO is named
Tata Sons has formed an interim management committee to oversee Air India until a new CEO is appointed.
India's growth forecast revised to 6.6% amid oil price concerns
The Asian Development Bank (ADB) has revised India's growth forecast for the fiscal year 2026-27 (FY27) to 6.6%, down from its earlier estimate of 6.9% in April.
World's first once-weekly insulin launched in India: Check prices
Danish pharmaceutical company Novo Nordisk has launched Awiqli, the world's first once-weekly basal insulin for adults with Type 1 and Type 2 diabetes.
Judge approves SEC settlement over Musk's delayed Twitter stock disclosures
A US District Judge has approved the Securities and Exchange Commission (SEC)'s settlement with Elon Musk over his delayed disclosure of Twitter share purchases.
India now hosts half of world's GCCs: CEA Nageswaran
India is now home to nearly half of the world's Global Capability Centers (GCCs), Chief Economic Adviser (CEA) V Anantha Nageswaran said on Thursday.
Sensex jumps 600 points, Nifty reclaims 24,000
The Indian stock market witnessed a recovery on Thursday, with the Sensex and Nifty gaining over 0.8% each.
Sonos lays off senior design and product executives amid restructuring
Sonos, the popular audio company, has laid off several senior executives from its design and product teams amid larger restructuring effort within the company.
SBI Funds Management reveals price band for ₹11,693cr IPO
SBI Funds Management Ltd., a subsidiary of State Bank of India (SBI), has announced a price band of ₹545 to ₹574 per share for its ₹11,693 crore initial public offering (IPO).
Russia bans diesel exports
In a bid to prevent domestic shortages, Russia has imposed a ban on diesel exports. The move comes in the wake of a series of Ukrainian drone attacks on Russian refineries.
Oil nears $80 as renewed US-Iran tensions rattle markets
Oil prices surged on Thursday, following fresh US military strikes on Iran. The action has raised concerns over possible supply disruptions in the Middle East.
India to grow at 6.4% in FY27, says IMF
The International Monetary Fund (IMF) has revised India's economic growth forecast for the fiscal year 2026-27 to 6.4%.
FPIs invest record ₹41,773cr in government bonds this June
Foreign Portfolio Investors (FPIs) have made a record net investment of ₹41,773 crore in Indian government bonds under the Reserve Bank of India's (RBI) Fully Accessible Route (FAR) in June.
Over 600M biometric-based UPI transactions done in June: NPCI
The National Payments Corporation of India (NPCI) has announced that biometric-based Unified Payments Interface (UPI) transactions have crossed 600 million in June.
Blue Origin to raise $10B at $130B valuation: Report
Jeff Bezos's space venture, Blue Origin, is reportedly looking to raise $10 billion in its first-ever external funding round.
Allianz to cut 1,800 jobs amid AI push
Allianz, a leading global insurance and asset management company, has announced plans to cut up to 1,800 jobs in its travel insurance division.
Google selects 20 AI start-ups for India accelerator program
Google has announced the selection of 20 artificial intelligence (AI) start-ups for its India Accelerator program. The move marks the 10th year of the initiative in India.
Tata Motors to invest ₹40,000cr in India
Tata Group has announced its ambitious plan to grow its automotive business into a $100 billion entity by FY31.
Apple to spend $30B on Broadcom chips
Apple has announced a major investment of over $30 billion as part of a chip supply deal with Broadcom.
Ola Electric rejects insolvency petitions against its manufacturing division
Ola Electric has rejected the insolvency petitions filed against its manufacturing arm, Ola Electric Technologies Pvt. Ltd.
Your EPF interest will be credited by July 15
The Employees' Provident Fund Organisation (EPFO) will credit an interest rate of 8.25% on PF deposits for FY2025-26, Union Labour and Employment Minister Mansukh Mandaviya announced today.
This AI chipmaker has raised $1B at $11B valuation
SambaNova Systems, a leading artificial intelligence (AI) chip company, has raised $1 billion in its Series F funding round.
Intangible investments touched record high in 2025: What's the reason?
The United Nations' World Intellectual Property Organization (WIPO) has reported that the artificial intelligence (AI) boom has pushed investments in intangible assets to a record high.
Indian mutual funds surpass FIIs in assets for first time
In a historic development, India's mutual fund industry has overtaken foreign institutional investors (FIIs) in total assets under custody.
Sensex crashes 1,600 points as Trump says Iran ceaseover 'over'
The Indian equity markets witnessed a major crash on Wednesday, with the Sensex plummeting by over 1,600 points.
Blue Tokai plans 800 stores by FY30 to rival Starbucks
Blue Tokai Coffee Roasters, a leading specialty coffee brand and a major competitor of Starbucks in India, has announced an ambitious expansion plan.
Kusumgar IPO fully subscribed within hours, GMP nears 40%
Kusumgar Limited's initial public offering (IPO) has been fully subscribed within two hours of its opening today.
Flipkart drops commission on all fashion products
In a major move, Flipkart has scrapped commissions on all fashion products, irrespective of their price.
Meet Silvana Tenreyro, new chief economist of International Monetary Fund
The International Monetary Fund (IMF) has appointed Silvana Tenreyro as its new chief economist. She will replace Pierre-Olivier Gourinchas, who is returning to academia.
Sensex declines 600 points: What's behind today's fall?
The Indian stock market witnessed a sharp decline on Wednesday, with benchmark indices Sensex and Nifty falling by over 0.7%.
Oil prices jump over 5% as US strikes Iran
Global oil prices have witnessed a sharp spike, with Brent crude rising by 5.49% to $75.94 per barrel and US West Texas Intermediate (WTI) crude increasing by 2.84% to $72.44 per barrel in early trade today.
Amazon plans $25B bond sale to fund AI investments
Amazon is planning to raise at least $25 billion by selling US dollar bonds.
Why Amazon barred breastfeeding employee from attending business course
Amazon recently barred a breastfeeding employee from attending a business course at its Dunfermline warehouse in Scotland.
Saudi Arabia slashes oil prices, biggest cut in 26 years
Saudi Arabia has announced a major price cut for its flagship Arab Light crude oil, targeting Asian customers.
Gold jewelry sales rebound as prices cool
The demand for gold jewelry has witnessed a resurgence in June, owing to a decline in prices.
Lululemon to open its 1st Indian store in New Delhi
Canadian athletic apparel brand Lululemon has announced its plan to open its first store in India.
US might co-produce missiles with European allies
The United States is in talks with Germany and other European nations to co-produce missiles, as per Reuters.
Is Swiggy now an Indian-owned and controlled company?
Swiggy, the popular food delivery and quick commerce platform, has announced a major shift in its ownership structure.
Shoppers Stop owner puts $700M IPO plans on hold
K Raheja Corp, one of India's leading real estate developers, has postponed its initial public offering (IPO) plans.
Lost your job? ESIC will pay you for 3 months
The Employees' State Insurance Corporation (ESIC) has extended its unemployment allowance scheme, the Atal Beemit Vyakti Kalyan Yojana (ABVKY), by another year.