Business News
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HDFC Bank shares slip almost 2% to ₹690.65 52-week low
HDFC Bank shares fell nearly 2% on Wednesday, touching ₹690.65, a fresh 52-week low, as the stock traded below its previous close of ₹703.
Jio Financial Services targets 100 million customers within the next year
Jio Financial aims to quadruple its customer base to 100 million within a year, leveraging partnerships with BlackRock and Allianz to expand its financial services.
PhonePe, Visa unveil new payments features at Global Fintech Fest
PhonePe and Visa have partnered to introduce seamless, cardless, and borderless payment solutions for Indian consumers and merchants, enhancing global commerce accessibility.
Singapore Airlines seeks board voting power in Air India decisions
Singapore Airlines plans to demand greater management influence and safeguards before committing additional funds to Air India amid ongoing financial challenges.
DeepSeek from Hangzhou readies STAR Market IPO with CITIC Securities
Chinese AI startup DeepSeek has enlisted CITIC Securities to prepare for its STAR Market IPO, aiming to begin the process this year amid intensifying global AI competition.
PC Jeweller shares rally 38% this week and 50% YTD
PC Jeweller shares soared 4% on Wednesday, capping a 38% weekly rise as the company nears debt-free status, having cleared over 96% of its outstanding dues.
Chandukaka Saraf to mark 200th anniversary in 2027 amid expansion
Chandukaka Saraf, established in 1827, marks its 200th year by planning to open five to seven new stores and embracing technology to cater to evolving consumer preferences.
American Express India moves Centurion travel-lifestyle services to Aspire Lifestyles Oct11,2026
American Express India will transition its Centurion Card travel and lifestyle services to Aspire Lifestyles India Private Limited starting October 11.
ADP says AI threatens entry level jobs for young workers
AI advancements may displace younger workers in automation-prone roles, while boosting productivity for experienced staff by streamlining routine tasks, says ADP.
Arcil opens ₹733cr offer for sale IPO priced ₹132-₹139
Arcil has raised ₹220 crore from anchor investors ahead of its ₹733 crore Initial Public Offering (IPO), which opens for public subscription on September 9.
ESDS Software Solution's stock jumps 235% since IPO to ₹1,438.85
ESDS Software shares soared 10% on Wednesday, marking a 235% jump from their IPO price in just four sessions, driven by strong demand and bullish market sentiment.
Bitcoin dips to $78,327 then rebounds above $78,913 mid morning
Bitcoin recovered from an early dip to trade near $79,000 on September 9, as shifting US interest-rate expectations and geopolitical tensions influence market sentiment.
BharatPe launches Agentic AI and Credit Coach to aid merchants
BharatPe introduced an AI assistant and a credit awareness tool at the Global Fintech Fest 2026, enhancing merchant support and financial literacy.
Tata Chemicals and Kenyan government form Magadi soda ash committee
Tata Chemicals has established a high-level technical committee with Kenyan officials to address regulatory concerns and ensure sustainable mining practices.
West Asia tensions push India's crude import price to $100.75
India's crude oil import basket price surged past $100 per barrel amid geopolitical tensions in West Asia, marking its highest level since June 2026.
Bitcoin steadies near $78,900 after brief dip before Fed decision
Bitcoin rebounded to nearly $79,000 after a brief dip below $78,000, while Zcash surged 43% this week as its Grayscale ETF surpassed $500 million in assets.
China sees slight August inflation rise amid weak consumer demand
China's inflation saw a slight uptick in August, with consumer prices rising 0.8%, but persistent weak domestic demand continues to challenge economic growth efforts.
McKinsey finds 17% of farmers worldwide using generative AI
Generative AI is now used by 17% of farmers globally, making it the fastest-growing agricultural technology, according to McKinsey's Global Farmer Insights 2026 report.
Injecto Polymers to open ₹56.12cr IPO on September 11
Injecto Polymers will open its Rs 56.12-crore SME IPO on September 11, offering shares priced at Rs 90-100 each, with a listing date set for September 21.
OpenAI and Anthropic seek investment grade ratings ahead of IPOs
Bankers for OpenAI and Anthropic are pursuing investment-grade credit ratings post-IPO to access the $11.7 trillion corporate bond market, the FT reports.
Nifty IT index slides 3.06% amid Fed rate fears
Indian IT stocks plunged sharply, with the Nifty IT index down 3.06%, driven by US rate-hike fears and company-specific issues at Coforge adding to sector-wide pressure.
Biocon shares up 2.6% after Active Pine ₹635cr block deal
Biocon shares surged nearly 3% on Wednesday following a ₹635 crore block deal, where 1% equity changed hands at ₹385 per share on the Bombay Stock Exchange.
Sensex falls 555 points amid oil rise, U.S.-Iran tensions
Sensex plunged nearly 3,000 points in a month as rising US-Iran tensions fueled crude oil prices and foreign investors offloaded Indian stocks, dampening market sentiment further.
Oracle to cut about 13,000 jobs to shift toward AI
Oracle has quietly reduced its workforce by 13,000 employees to offset rising AI investments, even as its stock surged over 12% following OpenAI's GPT-6 Astra launch.
India's SEBI tightens oversight after alleged manipulation by foreign firms
India's securities regulator is ramping up scrutiny of foreign traders, investigating JPMorgan and Jane Street for alleged market manipulation in its $5 trillion stock market.
MKC Agro Fresh files draft IPO including fresh and OFS
MKC Agro Fresh has submitted draft papers to SEBI for its IPO, comprising a fresh issue of 99.99 lakh shares and an offer for sale of 68.12 lakh shares.
Indian rupee opens at ₹94.87 amid rising Brent crude prices
The Indian rupee opened slightly weaker at 94.87 per dollar amid rising oil prices, while most Asian currencies, led by the Philippine peso and Japanese yen, gained ground.
Coforge chairman Om Prakash Bhatt resigns amid audit review
Coforge shares are under scrutiny as Chairman Om Prakash Bhatt resigns, effective immediately, amid board concerns over undisclosed details in the board evaluation review.
India sees 6 main board IPOs, 1st since 1996, ₹4,509.68cr
Six mainboard IPOs, collectively aiming to raise ₹4,509.68 crore, opened for subscription on September 9, marking the first such occurrence in three decades since October 1996.
Rentomojo opens IPO subscription this week to raise ₹1,255.57 cr
Rentomojo's Rs 1,255.57 crore IPO launches today, offering a three-day subscription window. With a 33% grey market premium, investors anticipate up to 32% listing gains.
Indian stocks likely to open lower after US indexes fall
Indian equity benchmarks are expected to open in red on Wednesday, reflecting cautious sentiment amid global market volatility and inflation concerns driven by rising oil prices.
Rentomojo plans IPO to raise ₹1,256 cr, promoter stake 19.9%
Rentomojo plans to raise ₹1,256 crore via IPO, including ₹150 crore fresh issue. Despite strong financial growth, rich valuation and legal risks may concern investors.
OpenAI expands beyond ChatGPT into chips, life sciences, and finance
OpenAI is leveraging its AI models for specialized industries like chip design, emphasizing cost advantages over open-source rivals, CFO Sarah Friar revealed.
Indian stocks slip as oil nears $100 and Fed fears
Indian benchmark indices signal a negative start as GIFT Nifty trades lower, while Asian shares gain momentum driven by strong investor interest in artificial intelligence stocks.
Sberbank unveils 'Digital mine' shifting to AI in New Delhi
Sberbank presents cutting-edge AI, optical computing, and India-centric solutions at Innoprom.India, emphasizing enhanced Russia-India business and technological collaboration.
Oil prices jump after Iran fires missiles at US destroyers
Oil prices rose over $1 as Iran launched missile strikes targeting U.S. assets in Jordan, escalating regional conflict and impacting global crude markets.
Himachal Chief Minister Sukhvinder Singh Sukhu announces AI scheme ₹10L
Himachal Pradesh will introduce a new AI-powered health insurance scheme in November, offering ₹10 lakh coverage and aiming to curb fraud and ensure transparency.
Hedge funds bet USD/JPY under 150 and put volumes surge
Hedge funds are increasingly betting the dollar-yen pair will drop below 150 by year-end, driven by robust yen demand and shifting sentiment after breaking key support levels.
NSE plans smaller IPO at ₹24,000-25,000cr after SEBI approval
The National Stock Exchange (NSE) plans to cut its IPO size from ₹30,000 crore to ₹24,000-25,000 crore, aiming for a September launch after receiving SEBI approval.
Tata Group restructure pushes Air India toward long haul focus
Air India is withdrawing from smaller cities, transitioning domestic regional operations to its low-cost carrier Air India Express, as part of a strategic restructuring.
SK Hynix and Samsung Electronics lift KOSPI 1% on AI
Asian chip stocks surged on strong AI-driven demand, with South Korea's Kospi up 1%. Meanwhile, escalating Middle East tensions pushed Brent crude prices toward $100 per barrel.
QNu Labs raises ₹200 cr, total funding reaches ₹375 cr
Quantum-safe cybersecurity startup QNu Labs has raised ₹200 crore in its Series A1 round to enhance R&D, scale globally, and strengthen India's quantum-secure infrastructure.
Torrent Gas files updated prospectus, parent keeps up to ₹4,000cr
Torrent Gas has filed an updated draft prospectus for its IPO, with its parent company set to sell up to 335 million shares, aiming to raise approximately ₹40 billion.
Singapore Airlines to fund India investments via internal resources
Singapore Airlines stated its 25.1% stake in Air India is fully funded through internal resources, showcasing its robust financial position.
Snap chief business officer Ajit Mohan to depart end 2026
Ajit Mohan will resign as Snap's chief business officer by December 31, 2026, citing personal reasons. He plans to return to Singapore after a demanding global commute.
New York City grocery plan sued for alleged antitrust violations
Mayor Zohran Mamdani's taxpayer-funded grocery store initiative faces a federal lawsuit, alleging antitrust violations and unfair competition from private supermarkets.
Cognition, maker of Devin, raises $2B as valuation hits $48B
Cognition raised $2 billion at a $48 billion valuation, highlighting investor confidence in the growing AI coding market's potential for multiple dominant players.
TEC secures record $450 million Series C for reusable spacecraft
The Exploration Company (TEC) has raised $450 million in Europe's largest-ever Series C round, aiming to develop reusable spacecraft and rival SpaceX's dominance.
Windergy India 2026 arrives in Chennai October 7 to 9
Windergy India 2026, hosted at Chennai Trade Centre from October 7-9, will unite over 20,000 attendees, showcasing innovations from 350 exhibitors across 30 countries.
India's telecom regulator sets 5% AGR fee for satellite airwaves
India's Digital Communications Commission has approved satellite spectrum pricing, enabling airwave allocation for Jio Satellite, Starlink, and Eutelsat OneWeb to launch services.
Huawei on trial in New York on US racketeering charges
Huawei Technologies is on trial in New York, accused of stealing trade secrets and violating US sanctions, including allegations of illegal dealings with Iran and North Korea.
Labor Department pauses Cognizant PERM filings over alleged H-1B/PERM fraud
The US Department of Labor has suspended Cognizant's PERM filings, intensifying scrutiny into alleged visa fraud and misuse of employment-based immigration programs.
India and UK to restart talks on new investment treaty
India is set to revisit bilateral investment treaty discussions with the UK as it nears finalising a new model text, aiming to balance foreign investment and national interests.
Uber, Rapido licenses suspended for 6 months in Chandigarh
The Chandigarh administration has suspended the aggregator licenses of ride-hailing services Uber and Rapido for six months.
Qualcomm inks $4B custom chip agreement with Amazon
Qualcomm has announced a strategic partnership with Amazon, involving a $4 billion custom chip deal.
You can't use Uber, Rapido in Chandigarh till March 2027
The State Transport Authority (STA) of Chandigarh has suspended the aggregator licenses of Uber and Rapido for six months.
Hunter Biden to launch cryptocurrency inspired by his controversial laptop
Hunter Biden, the son of former US president Joe Biden, is launching a cryptocurrency inspired by his controversial laptop.
eBay under fire for delivering gender-prediction kits to India
eBay has launched an internal investigation after it was found that several gender-prediction kits were available for delivery to India, where their use is illegal.
Hedge fund billionaire Chris Rokos moving from UK to Greece
Chris Rokos, a hedge fund billionaire and founder of Rokos Capital Management, is planning to leave the UK.
This Volkswagen car plant will now produce defense equipment
Volkswagen has announced plans to convert its Osnabruck car plant in northwestern Germany into a defense production facility.
Over 2L companies launched in India in 1 year
India's corporate landscape has witnessed significant growth over the past year, with the addition of over two lakh active companies between June 2025 and June 2026.
These workers in India can get up to 20% bonus
The Ministry of Labour and Employment has issued two notifications, announcing that employees in India earning up to ₹21,000 a month are eligible for a statutory bonus under the new labor code.
Reliance to raise ₹12,500cr via bonds
Reliance Industries Limited (RIL), led by billionaire Mukesh Ambani, is planning to raise up to ₹12,500 crore ($1.3 billion) through local-currency bonds.
Adani, NTPC among bidders for ₹37,500cr coal gasification plan
The Indian government's ₹37,500 crore coal gasification scheme has attracted interest from major players like Adani Enterprises and NTPC.
ESDS shares surge 200% from IPO price in 3 sessions
Cloud and data center player ESDS Software Solution is on an explosive post-listing run. The stock debuted last Friday at a 76% premium and closed day one up 112%, touching an intraday high of ₹908.40.
Sensex falls over 500 points: What's behind today's sell-off?
The Indian equity markets continued to face pressure in afternoon trade today, with the benchmark indices extending losses.
Delhi-HC to hear ANI's plea against OpenAI on September 14
Asian News International (ANI), a news agency, has filed an appeal in the Delhi High Court against a single-judge order that denied interim relief in its copyright infringement lawsuit against OpenAI.
SpiceJet did not pay employees for 4 months: Report
SpiceJet, one of India's leading airlines, is facing a major financial crisis.
Why Volkswagen may sell superbike maker Ducati
Volkswagen AG is contemplating the sale of motorcycle manufacturer Ducati as part of a major restructuring of its vast portfolio.
Mistral AI raises €3 in Europe's biggest tech funding round
French artificial intelligence (AI) company Mistral has raised €3 billion at a valuation of around €21 billion ($24 billion).
How to correct your job exit date on EPFO portal
When you leave a job, your employer is supposed to update your exit date on the Employees' Provident Fund Organisation (EPFO) portal.
Canada's retaliatory tariffs on US goods are now in effect
Canada imposed retaliatory tariffs on US goods today after trade negotiations broke down last month.
Anthropic won't acquire AI start-up Decart for $6B anymore
Anthropic, the artificial intelligence (AI) start-up behind the popular Claude chatbot, has decided against acquiring another AI start-up, Decart for around $6 billion.
Samsung lays off around 100 employees in India
Samsung India has asked around 80-100 executives in its television and home appliance divisions to leave, The Economic Times reported.
Oil prices soar to 6-week highs amid US-Iran tensions
Oil prices have continued their upward trend for the third consecutive day, hitting six-week highs.
Glass Wall Systems IPO opens today with 28% GMP
The initial public offering (IPO) of Glass Wall Systems India, a leading provider of facade solutions, is open for subscription today.
Copper prices hit all-time high
Copper prices have surged to an all-time high on the London Metal Exchange (LME), following a weeks-long rally.
Qatar sends first LNG cargo through Hormuz since July
A liquefied natural gas (LNG) tanker from Qatar has successfully navigated through the Strait of Hormuz, marking the first such exit since July.
LPG e-KYC deadline extended to September 14
The deadline for domestic cooking gas consumers to complete Aadhaar-based biometric authentication (e-KYC) of their liquefied petroleum gas (LPG) connections has been extended again. The new deadline is now September 14.
China's exports surge 25% in August, trade surplus hits $119B
China's export growth has gained momentum, with a 25% increase in August compared to the same month last year.
Rural residents can now book LPG refills every 25 days
In a major policy change, the Indian government has directed oil marketing companies to allow rural LPG consumers to book cylinder refills every 25 days.
Studied or worked abroad? Axis Bank is now hiring
Axis Bank has launched a new hiring initiative called "Arise Homecoming," aimed at attracting globally educated Indian talent looking for job opportunities in India.
Swiggy's new 24x7 helpline helps you complain about food quality
Swiggy has launched a dedicated 24x7 helpline for customers to report any food safety-related concerns.
India's battery sector to generate 20L jobs by FY30
India's battery industry is poised to enter its most capital and employment-intensive phase, with an estimated 15-20 lakh jobs to be created by FY30.
TCS launches AI studio in London, plans 5,000 new jobs
Tata Consultancy Services (TCS) has announced the opening of an artificial intelligence (AI)-driven creative engineering studio in London.
NSE IPO to raise ₹30,000cr, valuation could touch ₹5 trillion
The National Stock Exchange (NSE) is gearing up for its initial public offering (IPO), which could raise as much as ₹30,000 crore.
Why McDonald's is ditching Pumpkin Spice Latte
McDonald's has announced that it will not be serving the popular Pumpkin Spice Latte this fall, marking a major shift in its seasonal menu.
Should you invest in consumption-focused mutual funds right now?
India's economy is heavily driven by consumption, with the country's GDP growing 7.8% in Q1 FY27, surpassing the RBI's projection of 7%.
Why China is infusing around $54B into banks and insurers
China is injecting a massive amount of CNY 360 billion ($53.6 billion) into eight of its state-owned banks and insurance companies.
Sensex could hit 89,000 by June 2027, says Morgan Stanley
Morgan Stanley, a leading Wall Street firm, has projected that the Indian economy is entering a multi-quarter growth phase.
EU might lose 300,000 manufacturing jobs in 2026. Reason? China
The European Union (EU) is facing a potential loss of 300,000 manufacturing jobs in the latter half of 2026. The grim prediction comes from Eurometal, an industry trade body.
Hyundai India eyes 20% women executives by 2030
Hyundai Motor India Ltd (HMIL) has announced plans to increase female representation in its executive workforce to 20% by 2030.
New ETF rules from today: How they affect investors
The Securities and Exchange Board of India (SEBI) has implemented new trading rules for exchange-traded funds (ETFs), effective today.
Your HDFC Bank loans are now cheaper
HDFC Bank has announced a reduction in its Marginal Cost of Funds-based Lending Rates (MCLR) on select tenures.
Safety is my top priority: Air India's new CEO
Air India's incoming CEO, Tewolde Gebremariam, has said that safety will be his top priority as he takes over the Tata Group-owned airline.
SC quashes ₹363cr GST demand against Vodafone Idea
The Supreme Court of India has upheld a Bombay High Court order quashing a ₹363 crore Goods and Services Tax (GST) demand against Vodafone Idea.
Uber co-founder could be eyeing the robotaxi market
Travis Kalanick's start-up, Atoms, could be venturing into the robotaxi space.
Why BSE shares are up 10% in 3 sessions
BSE shares have witnessed a remarkable surge, rising by 2% to a day's high of ₹3,475 on the NSE today.