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Fidji Simo resigns as OpenAI apps head citing health
Fidji Simo, former OpenAI Applications CEO, revealed she regrets ignoring Mark Zuckerberg's advice to "play the long game" as she steps down to focus on her health.
More than 17 million people file ITRs for FY 2025-26
Over 1.7 crore income tax returns have been filed for the assessment year 2026-27, with July 31 set as the deadline for filing ITRs 1 and 2.
Anduril CEO Brian Schimpf avoids IPO during May $61B valuation
Brian Schimpf, CEO of defense tech giant Anduril, warns against rushing IPOs during hype cycles, citing risks of overvaluation and volatile market conditions.
India challenges proposed US 12.5% tariff over forced labor
India has called for a reassessment of the proposed 12.5% tariff, highlighting flaws in the USTR's forced labour investigation and urging bilateral trade dialogue.
SK Hynix raises $26.5B in record US debut
SK Hynix, a leading South Korean memory chip manufacturer and major supplier to AI chip giant NVIDIA, has raised $26.5 billion (KRW 40 trillion) in its debut on the US stock market.
Bitcoin steadies near $64,000 despite US spot Bitcoin ETF outflows
Bitcoin traded near $64,000 despite $95.3 million in ETF outflows, while the global crypto market cap rose slightly to $2 trillion, showcasing market resilience.
Oregon withdraws motion to delay $110B Paramount-Warner Bros. merger
Oregon's Attorney General has withdrawn its motion to delay the $110 billion merger between Paramount and Warner Bros.
Start-up of Bill Gates's daughter claimed sales it didn't drive
Phia, an advertising start-up co-founded by Phoebe Gates, the daughter of Microsoft co-founder Bill Gates, has been accused of violating affiliate marketing policies.
FSSAI sends 9 notices to Swiggy Instamart over food complaints
Swiggy Instamart received nine notices from FSSAI after consumer complaints alleged the sale of expired whey protein, rotten eggs, and other unsafe food products.
HDFC Bank review finds no basis for Atanu Chakraborty claims
HDFC Bank CEO Sashidhar Jagdishan called former chairman Atanu Chakraborty's abrupt resignation a "challenging event," prompting a governance review by external law firms.
Goldman Sachs warns Strait of Hormuz tensions slow oil recovery
Renewed tensions in the Strait of Hormuz threaten to stall Middle Eastern oil supply recovery, with flows already down to 70% of normal levels, Goldman Sachs reports.
Greg Brockman consolidates more power at OpenAI
OpenAI's President and co-founder, Greg Brockman, is set to lead the company's key products after Fidji Simo's departure.
Apple sues OpenAI over alleged trade secret theft
Apple has filed a lawsuit against OpenAI, accusing the artificial intelligence company of stealing trade secrets and breaching contracts.
India aims for $25B data center investment by 2030
India is witnessing a data centre investment surge, driven by AI adoption, digital sovereignty policies, and tax incentives, with $25 billion projected by 2030.
Indian AI startups attracted $1.067 billion in H1 2026
Indian AI startups secured $1.067 billion in funding during H1 2026, marking a 33% year-on-year increase as venture capitalists focus on frontier technologies.
Blue Origin opens to outside investors amid fierce SpaceX competition
Jeff Bezos is inviting outside investors into Blue Origin for the first time since 2000, following Elon Musk's SpaceX achieving a record-breaking $86 billion IPO.
Altera independent, growing over 20%, CEO projects $100B-plus robotics market
Altera, a programmable chip maker spun out of Intel, is achieving over 20% annual growth, driven by rising demand for AI and robotics applications, according to CEO Raghib Hussain.
Rizwan Koita: India's hospital AI faces skill and India-specific gaps
Rizwan Koita, co-founder of Koita Foundation, highlights the unique challenges of adopting digital health and AI solutions in India's healthcare sector.
Russia bans diesel exports worsening already tight fuel supplies
Russia's diesel export ban has intensified global fuel shortages, driving up prices worldwide and underscoring the interconnected nature of oil supply chains.
India plans $1 billion marine export zones in Tamil Nadu
India plans its first marine export zones in Tamil Nadu with $1 billion investment, aiming to enhance seafood exports and create up to 1.8 lakh jobs annually.
Indian Bank targets $2B NRI deposits under temporary RBI rule
Indian Bank plans to raise $2 billion through FCNR(B) deposits by September, leveraging the RBI's relaxed interest rate norms and revising deposit rates to 6%.
S&P 500 nears record as SK Hynix debuts, stocks rally
US markets closed higher, with the S&P 500 nearing record levels, driven by SK Hynix's strong Nasdaq debut and renewed interest in AI-linked chip stocks ahead of earnings season.
Subversive ETFs rolls out 'Ex-Elon' funds excluding Elon Musk companies
Subversive ETFs is introducing two funds excluding companies founded, controlled, or led by Elon Musk, offering investors a way to avoid exposure to his ventures.
Big Tech doubles debt, $350 billion for AI data centers
Big Tech's AI data centre investments have doubled their debt to $350 billion in five years, as companies bet on transformative economic growth despite growing financial strain.
Zostel Oyo 7% stake dispute returns to Delhi High Court
The Delhi High Court will hear Zostel's appeal on August 12 regarding its claim to a 7% stake in Oyo, stemming from a disputed 2015 acquisition deal.
SK Hynix CEO warns worst global memory shortage by 2027
SK Hynix CEO Kwak Noh-jung warns of an unprecedented memory supply shortage in 2027, with demand expected to outpace production capacity well beyond 2030 despite expansion efforts.
Equity MF inflows rebound to over ₹28,970cr in June
Equity mutual funds have witnessed a significant recovery in inflows for the month of June.
China bans helium exports
China has announced an immediate temporary ban on helium exports, a move that could further complicate the global semiconductor supply chain.
Akasa Air suspends Noida-Navi Mumbai flights 2 weeks after launch
Akasa Air has suspended its non-stop flights between Noida International Airport and Navi Mumbai International Airport, just two weeks after the service was launched.
AI boom is creating new class of private jet owners
The recent surge in wealth from artificial intelligence (AI) start-ups and SpaceX has led to a spike in demand for private jets.
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.
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.
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.
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.
Sensex surges over 800 points: What's driving today's rally?
India's benchmark indices, Sensex and Nifty, witnessed a major surge on Friday.
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.
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.
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.