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Business News

No jargons, no mumbo-jumbo. Read the unadulterated Business news here.

23 Jul 2026
TL;DR

Eli Lilly's retatrutide passes heart safety trial, no added risk

Eli Lilly's experimental weight-loss drug, retatrutide, showed no increased heart risks in a new study, bolstering its potential as the company prepares for FDA approval next year.

23 Jul 2026
TL;DR

US stocks open sharply lower as Brent crude tops $100

US stocks plunged Thursday as Brent crude surpassed $100 per barrel, fueled by West Asia tensions. Alphabet and Tesla's disappointing earnings dragged the Nasdaq nearly 2% lower.

23 Jul 2026
TL;DR

Meesho upgrades Chorus AI to help 1st-time small city sellers

Meesho is enhancing its AI platform, Chorus, to assist first-time sellers with pricing, catalogue optimisation, and business decisions, focusing on smaller-town entrepreneurs.

23 Jul 2026
TL;DR

Akums to buy Oriflame India manufacturing business for ₹56cr

Akums Drugs and Pharmaceuticals will acquire Oriflame India's manufacturing business for Rs 56 crore, marking its entry into colour cosmetics with facilities in Roorkee and Noida.

23 Jul 2026
TL;DR

Delhi gold, silver fall on oil spike and inflation fears

Gold prices fell ₹400 per 10 grams, while silver dropped ₹300 per kilogram as surging crude oil rates and inflation concerns weighed on global bullion markets.

23 Jul 2026
TL;DR

SEBI proposes moving ODR to stock exchanges, depositories, clearing corporations

SEBI plans to transfer investor dispute resolution administration to stock exchanges and depositories, aiming for faster grievance redressal and improved regulatory oversight.

23 Jul 2026
TL;DR

GGF Astraa Analytica seeks ₹400cr, 100 acres Kurnool drone cluster

Hyderabad-based GGF Astraa Analytica plans to establish a ₹400-crore drone cluster in Kurnool Drone City, seeking 100 acres for advanced research and manufacturing facilities.

23 Jul 2026
TL;DR

Poojaa Precision Engg launches IPO July 28-30 to raise 159.83cr

Poojaa Precision Engg is set to open its Rs 160-crore IPO for public subscription from July 28 to July 30, with a price band of Rs 285-301 per share.

23 Jul 2026
TL;DR

Infosys trims fiscal 2027 growth forecast to 1.5% to 3%

Infosys revised its FY27 revenue growth guidance to 1.5%-3%, lowering the upper range amid macroeconomic uncertainties and subdued discretionary spending in key markets.

23 Jul 2026
TL;DR

SEBI plans risk based margins for equity cash trades

SEBI plans to replace the flat 20% upfront margin rule with a risk-based system, aiming to improve liquidity and align investor margins with actual market risks.

23 Jul 2026
TL;DR

Securities and Exchange Board of India unveils MF-PMS for HNIs

Sebi has proposed a mutual fund-only PMS framework, lowering the investment threshold to ₹25 lakh, while expanding portfolio managers' access to unlisted and overseas assets.

23 Jul 2026
TL;DR

Infosys headcount down 532 to 328,062 while hiring 4,000

Infosys reported a net headcount reduction of 532 employees in Q1FY27, while hiring over 4,000 freshers as part of its commitment to recruit 20,000 graduates by FY26.

23 Jul 2026
TL;DR

Meesho posts ₹3,712.8cr revenue and narrows loss versus estimates

Meesho surpassed Q1 revenue expectations with ₹3,712.8 crore, driven by 34% NMV growth and improved profitability, despite ongoing investments in AI, logistics, and new ventures.

23 Jul 2026
TL;DR

BlackRock, Coinbase and others form Bitcoin security consortium, pledge $15 million

Nine major crypto firms, including BlackRock and Coinbase, pledged $15 million to bolster Bitcoin security against quantum computing threats over the next three years.

23 Jul 2026
TL;DR

SEBI proposes PMS rule changes to allow overseas investments

SEBI has unveiled a comprehensive proposal to revamp Portfolio Management Services, introducing overseas investment options and expanding opportunities for wealthy investors.

23 Jul 2026
TL;DR

SEBI proposes PMS access to unlisted and overseas securities

SEBI plans to ease compliance norms and expand asset options for portfolio managers, enabling diversified investments in unlisted and overseas securities.

23 Jul 2026
TL;DR

Infosys announces pay raises and plans 20,000 recent graduate hires

Infosys CEO Salil Parekh announced salary hikes for most employees in October, with senior-level revisions in January, alongside plans to hire 20,000 freshers this financial year.

23 Jul 2026
Ashneer Grover

What is Fund My Staff, Ashneer Grover's new fintech start-up?

Ashneer Grover, the former MD and co-founder of BharatPe, has launched a new fintech platform called Fund My Staff.

23 Jul 2026
Europe

EU fines Google $1B for Search and Play Store violations

The European Commission has slapped a hefty €890 million ($1 billion) fine on tech giant Google.

23 Jul 2026
Anthropic

Google posts negative cash flow for 1st time since IPO

Google's parent company, Alphabet, has reported a negative free cash flow of $5.9 billion in the second quarter of 2026.

23 Jul 2026
TL;DR

Trump tariff plan on generics threatens Indian pharma, markets steady

Indian pharma stocks have shown a measured reaction to Trump's proposed tariffs, as delayed implementation and existing US manufacturing provide a buffer against immediate risks.

23 Jul 2026
TL;DR

India approved Phase II strategic oil reserves adding 6.5MT storage

India plans to develop Phase-II of its strategic petroleum reserves at Rs 14,527 crore under a PPP model, adding 6.5 million tonnes of crude storage in Odisha and Karnataka.

23 Jul 2026
TL;DR

Infosys shares fall nearly 5% after profit drops 9%

Infosys reported a 9% QoQ profit decline to Rs 7,769 crore in Q1 FY24 and trimmed its FY27 revenue growth guidance, leading to a nearly 5% drop in its ADR.

23 Jul 2026
TL;DR

NIIT Learning Systems Q1 FY27 profit rises 16.4% to 57.4cr

NIIT Learning Systems reported a 16.4% YoY rise in Q1 FY27 profit to ₹57.4 crore, with revenue jumping 25.2% to ₹565.1 crore, driven by AI-led services contributing 13%.

23 Jul 2026
TL;DR

Milky Mist plans early August ₹1,553cr IPO after Temasek investment

Milky Mist Dairy Food Ltd is set to debut on the capital markets in early August, aiming to raise ₹1,553 crore through India's largest dairy sector IPO.

23 Jul 2026
Blinkit

Blinkit grows bigger and more profitable

Eternal's latest shareholder letter reveals that Blinkit has grown nearly as big as Zepto and Swiggy Instamart combined. The company also remained profitable during this period.

23 Jul 2026
TL;DR

India's credit growth fastest since 2012, corporate loans up 18.3%

India's credit expansion has reached its highest level since 2012, driven by a 13-year high in corporate loan growth and resilient household borrowing.

23 Jul 2026
TL;DR

Ashneer Grover launches fund My Staff employer guaranteed loans

Ashneer Grover, ex-BharatPe MD, has introduced Fund My Staff, a fintech platform enabling employers to guarantee loans for employees with limited credit history.

23 Jul 2026
TL;DR

Infosys names Ashiss Kumar Dash CEO-designate effective immediately, succession planned

Infosys has named Ashiss Kumar Dash as its CEO-designate, effective immediately, with plans for him to assume the role of CEO and Managing Director from April 1, 2027.

23 Jul 2026
TL;DR

Infosys names Ashiss Kumar Dash CEO-designate effective April 1 2027

Infosys has appointed Ashiss Kumar Dash as CEO designate, effective April 1, 2027. He will succeed Salil Parekh after the latter's nine-year tenure.

23 Jul 2026
TL;DR

IndiGo posts ₹238 cr loss, cites fuel and currency losses

IndiGo posted a ₹238 crore net loss in Q1 FY26, citing higher fuel prices, forex losses, and the West Asia conflict as key factors impacting profitability.

23 Jul 2026
TL;DR

Amazon, Meta cut nearly 40,000 jobs to refocus on AI

Amazon and Meta have collectively laid off nearly 40,000 employees in the past 10 months, reallocating resources to prioritize their aggressive investments in AI development.

23 Jul 2026
TL;DR

IBS Group launches Naviq technology with $500 million and 2,000 employees

IBS Group has launched Naviq Technology in Kochi, investing $500 million to develop AI-powered predictive tools for the $12 trillion global travel sector.

23 Jul 2026
TL;DR

Brent crude nears $100 on US Iran geopolitical tensions

Brent crude's surge near $100 per barrel raises concerns over India's inflation, current account deficit, and rupee stability despite diversified oil sourcing efforts.

23 Jul 2026
TL;DR

Adani Power eyes 1st nuclear plant at Bina and Nigrie

Adani Power is exploring its first nuclear project in Bina, Madhya Pradesh, leveraging land from Jaiprakash Power Ventures amid India's push for private nuclear participation.

23 Jul 2026
TL;DR

Airtel Africa to list Airtel Money in London by 2026

Airtel Africa has announced London as the preferred location for listing its fintech platform, Airtel Money, in 2026 to access a broad international investor base.

23 Jul 2026
TL;DR

Rupee ends 96.5725 per US dollar amid Saudi tanker attacks

The Indian rupee closed almost unchanged near a two-month low, as central bank intervention offset pressures from soaring oil prices nearing $100 per barrel.

23 Jul 2026
TL;DR

Adani Power plans 10GW nuclear by 2035, awaiting government permission

Adani Power aims to develop 10 GW of nuclear capacity by 2035 but awaits government regulations permitting private-sector participation before finalizing investment decisions.

23 Jul 2026
TL;DR

Indian stocks slip 4th straight day amid oil driven selloff

Indian stock benchmarks Sensex and Nifty 50 fell for the fourth straight session, erasing ₹3 lakh crore in investor wealth as crude oil prices soared to $99 per barrel.

23 Jul 2026
TL;DR

Vijay Rayapati rebukes Sridhar Vembu over Delhi student protests

Vijay Rayapati, Atomicwork's Indian-American CEO, rebuked Zoho founder Sridhar Vembu for labeling Delhi student protesters as threats to India's progress.

23 Jul 2026
TL;DR

European Union fines Google €890 million over search and apps

The EU has fined Google €890m for violating the Digital Markets Act by prioritizing its own services in search results and restricting app developers' options.

23 Jul 2026
TL;DR

Tesla robotaxi rollout misses half US population target by 2025

Tesla's ambitious robotaxi expansion faces delays, with limited city launches and slower-than-expected growth, prompting a more cautious tone from executives during earnings calls.

CGHS pensioner cards go paperless via Bhavishya portal

The Ministry of Health and Family Welfare (MoH&FW) has launched a paperless application process for the Central Government Health Scheme (CGHS) pensioner card.

23 Jul 2026
TL;DR

UltraTech Cement finance committee approves ₹5000cr private placement of NCDs

UltraTech Cement plans to raise ₹5,000 crore through non-convertible debentures (NCDs) on a private placement basis, following approval from its Finance Committee.

23 Jul 2026
Amazon

Amazon lays off employees in AGI unit

Amazon has announced another round of layoffs, this time targeting its Artificial General Intelligence (AGI) unit.

23 Jul 2026
TL;DR

Allcargo Logistics backs India's MSMEs with smarter logistics solutions

Allcargo Logistics empowers India's specialised MSME clusters with integrated, technology-driven logistics solutions, enhancing market access and delivery reliability.

23 Jul 2026
Adani Group

Adani seeks change in rule to enter airline business

The Adani Group has approached the Indian government for a change in an existing rule that prohibits Delhi and Mumbai airport operators from holding more than 10% stake in a scheduled airline.

23 Jul 2026
TL;DR

BCG: Indian firms quadrupled patent filings and discovered 10+ molecules

India's pharmaceutical industry is evolving beyond generics, with rising R&D investments and innovation ecosystems positioning it as a future global pharma innovation hub.

23 Jul 2026
TL;DR

Vellora Impact stock jumps 20% after ₹7.90cr Q1 profit

Shares of Vellora Impact soared 20% on July 23, driven by a sharp turnaround in its agriculture business, which boosted Q1FY27 net profit to ₹7.90 crore.

23 Jul 2026
TL;DR

Sundar Pichai explains Gemini 3.5 Pro delay during Q2 call

Google CEO Sundar Pichai celebrated a robust second quarter with 24% revenue growth, while addressing investor concerns over the delayed Gemini 3.5 Pro AI model release.

23 Jul 2026
TL;DR

SBI Funds Management, 3one4 Capital plan $200 million private tech fund

SBI Funds Management is reportedly collaborating with 3one4 Capital to launch a $200 million technology-focused alternative investment fund, pending regulatory approval from SEBI.

23 Jul 2026
TL;DR

Skyroot becomes India's 1st spacetech unicorn with $1.1B valuation

Skyroot Aerospace, India's first spacetech unicorn, has a surprising investor—Haldiram’s, the iconic Indian food giant, which participated in its Series B funding round in 2022.

23 Jul 2026
TL;DR

Aastha Spintex declares 1 for 1 bonus, Re.0.10 FY2026 dividend

Recently-listed Aastha Spintex announced a 1:1 bonus issue and recommended a final dividend of Re 0.10 per share for FY26, boosting its shares by 2.58% on the NSE.

23 Jul 2026
TL;DR

Air India to start Amritsar-Delhi hub-and-spoke flights with single-check-in

Air India will soon connect Amritsar with Delhi under the hub and spoke model, enabling seamless international travel through streamlined check-in and immigration processes.

23 Jul 2026
TL;DR

Rocket Lab to buy Iridium for $8B, enters satellite market

Rocket Lab, founded in New Zealand, has announced an USD8 billion acquisition of Iridium, shifting focus from rocket launches to dominating satellite communications globally.

23 Jul 2026
TL;DR

Porsche reportedly plans another 5,000 job cuts amid sales slump

Porsche plans to cut 5,000 more jobs, adding to previous layoffs, as it grapples with declining sales and prepares for a lineup overhaul amid financial challenges.

23 Jul 2026
TL;DR

Bandhan Bank shares slide nearly 20% after FY27 guidance cut

Bandhan Bank shares plunged 20% over two days as FY27 profitability guidance cuts overshadowed strong Q1 earnings, raising concerns among investors and analysts.

23 Jul 2026
TL;DR

Equinix to triple India data center capacity, hit 14,000 racks

Equinix aims to triple its data centre capacity in India to 14,000 racks by 2028, driven by growing AI adoption among banks and enterprises in the country.

23 Jul 2026
TL;DR

IndusInd Bank calls ₹10,000cr fundraising plan a backup

IndusInd Bank clarified that the Rs 10,000-crore fundraise is an enabling resolution with no immediate plans to raise capital, citing strong capital adequacy and CET1 levels.

23 Jul 2026
TL;DR

EasyJet profits drop 70% to £85m after Iran fuel spike

EasyJet reported a 70% drop in pre-tax profits due to surging fuel costs driven by the Iran conflict, as late bookings and ownership uncertainties further challenge the airline.

23 Jul 2026
TL;DR

Mark Cuban urges companies not to replace workers with AI

Mark Cuban cautions companies against replacing workers with AI, emphasizing human judgment and awareness of consequences that current AI models lack.

23 Jul 2026
TL;DR

PVR Inox posts 56.5cr profit as revenue climbs nearly 12%

PVR Inox reported a ₹56.5 crore net profit in Q1FY27, reversing a ₹54.5 crore loss YoY, with revenue rising 11.9% to ₹1,622.2 crore; shares jumped over 5%.

23 Jul 2026
TL;DR

Brent crude tops $98 after Houthi attacks raise supply fears

Brent crude surged past $98 per barrel, hitting a six-week high, as Houthi attacks on Saudi tankers in the Red Sea fueled fears of global oil supply disruptions.

23 Jul 2026
TL;DR

India local-content policy causes solar shutdowns, risks nearly $4 billion

India's solar panel manufacturers are halting production due to domestic component shortages, exacerbated by China's export restrictions on critical solar technology.

23 Jul 2026
TL;DR

Bitcoin at $65,700 as US spot ETFs draw nearly $930 million

Bitcoin hovered around $65,700 on Thursday as AI-driven inflation fears limited gains. Strong ETF demand added $203 million in inflows, signaling sustained institutional interest.

23 Jul 2026
TL;DR

ITC expects ₹8L/cr addressable FMCG market by 2035 citing youth

ITC aims to capture a ₹8 lakh crore FMCG opportunity by 2035, leveraging AI-driven consumer insights, omnichannel expansion, and strategic acquisitions to strengthen its portfolio.

23 Jul 2026
TL;DR

Besi reports €292.9 million orders, more than double last year

Besi's quarterly orders soared over 100%, driven by rising demand for AI applications and its pioneering hybrid bonding chip-packaging technology.

23 Jul 2026
TL;DR

Air India and Saudia sign deal easing India-Saudi travel connections

Air India and Saudia signed an MoU to expand their codeshare agreement, enhancing air connectivity and exploring broader operational collaboration between India and Saudi Arabia.

23 Jul 2026
Iran

Why Qatar is extending its LNG force majeure

QatarEnergy is likely to extend the force majeure on liquefied natural gas (LNG) shipments until mid-October, people with knowledge of the matter told Reuters.

23 Jul 2026
TL;DR

Glancy Prongay & Rotter probes HDFC Bank over ₹45cr expenses

A US law firm is investigating HDFC Bank over allegations of misleading investors and governance issues, following a sharp drop in its US-listed shares.

23 Jul 2026
Uber

Uber cuts 10% of customer service jobs in AI push

Uber Technologies has announced a major downsizing in its customer service division, laying off 10% of its customer service workforce.

23 Jul 2026
TL;DR

Nestle spins water brands into Peranel JV for €3 billion

Nestlé will receive $3.43 billion from a joint venture with Platinum Equity, transferring premium water brands and Nestlé Pure Life to the newly formed company, Peranel, by 2027.

23 Jul 2026
TL;DR

Goldman Sachs forecasts India's auto parts growth at 10% annually

India's auto parts sector is projected to grow at a 10% CAGR till FY30, driven by diversification into high-growth sectors like EVs, semiconductors, and aerospace.

23 Jul 2026
TL;DR

AI, cloud and digital services drive India data center expansion

India's data centre industry is set for expansion driven by AI adoption and digitalisation, but land and power access remain critical challenges, a report reveals.

23 Jul 2026
TL;DR

AGNIT Semiconductors seeks funding, eyes GaN factory under Semicon 2.0

AGNIT Semiconductors is seeking fresh funding to scale operations and is evaluating setting up a GaN fabrication facility under India's Semicon 2.0 initiative.

Indo-MIM IPO opens today with 38% GMP

Indo-MIM Ltd has launched its initial public offering (IPO) today. The offer will remain open until July 27.

23 Jul 2026
TL;DR

Hyundai Q2 operating profit down nearly 21% amid sales slip

Hyundai Motor's Q2 operating profit fell 21% to 2.85 trillion won, missing analyst forecasts, as global retail sales declined amid competition and policy uncertainties.

23 Jul 2026
TL;DR

Nokia Q2 2026 comparable operating profit rises 18% to €434m

Nokia's Q2 operating profit soared 18% to €434 million, surpassing estimates, as sales to AI and cloud customers doubled and new orders reached €2.8 billion.

23 Jul 2026
Anthropic

Alphabet becomes first company to report $100B quarterly profit

Google-parent Alphabet has become the first company in history to report over $100 billion in quarterly profit.

23 Jul 2026
TL;DR

MedPlus pauses ₹115cr concierge healthcare venture after investor concerns

MedPlus Health Services has temporarily shelved its concierge healthcare venture after investor feedback, prioritizing board discussions for future decisions.

23 Jul 2026
TL;DR

Indian government bonds slip as oil tops $96, yields climb

Indian government bonds weakened as crude oil prices neared $100 per barrel, raising inflation concerns, while climbing U.S. Treasury yields further dampened investor sentiment.

23 Jul 2026
TL;DR

JPMorgan to hire 1,000 India tech staff with HackerRank test

JPMorgan plans to recruit 1,000 technology experts for its India GCCs, focusing on AI, cloud architecture, and cybersecurity to support global digital transformation initiatives.

Xtranet Technologies IPO opens today: Should you bid?

Xtranet Technologies, an IT solutions provider, has launched its initial public offering (IPO) today. The three-day bidding period will end on July 27.

23 Jul 2026
TL;DR

Adecco Group report: AI reshaping tasks, not causing mass unemployment

AI is reshaping work by altering roles and tasks rather than eliminating jobs, says Adecco Group, citing record-high employment rates and historic low unemployment globally.

23 Jul 2026
TL;DR

BusinessNext secures $40 million from ServiceNow Ventures, valuation rises to $700 million

BusinessNext, a Noida-based banking software startup, raised $40 million from ServiceNow Ventures at a $700 million valuation to enhance its AI-driven platform and expand globally.

23 Jul 2026
Tesla

Tesla's Q2 revenue jumps 26% but profitability still a concern

Tesla has reported a strong recovery in its financial performance for the second quarter of 2026.

23 Jul 2026
TL;DR

Indian markets slip, Sensex falls 316.50 amid West Asia tensions

Indian equity markets fell on July 23 due to escalating West Asia tensions and rising crude oil prices, impacting sectors like banking, realty, and pharma.

23 Jul 2026
Google

Google parent raises 2026 AI spending to $205B

Google's parent company, Alphabet, has announced a major increase in its capital expenditure plans for 2026.

23 Jul 2026
TL;DR

Software engineer sparks Reddit debate over AI tools, stagnant pay

A developer claims AI has increased productivity expectations and compressed delivery timelines, leaving engineers with heavier workloads but no corresponding pay rise.

23 Jul 2026
TL;DR

Elizabeth Warren and lawmakers press Barclays on Staley's Epstein ties

US Senator Elizabeth Warren has pressed Barclays for clarity on its alleged failure to investigate former CEO Jes Staley’s ties to convicted sex offender Jeffrey Epstein.

23 Jul 2026
TL;DR

Indian rupee opens at ₹96.49 as Brent tops $96

The Indian rupee gained 8 paise against the US dollar on Thursday, despite rising crude oil prices and escalating geopolitical tensions in West Asia weighing on market sentiment.

23 Jul 2026
TL;DR

Wellington, Vanguard and Blackstone launch 2 funds for affluent investors

Wellington, Vanguard, and Blackstone unveiled two hybrid funds blending public and private assets, catering to high-net-worth and mass-affluent investors globally.

23 Jul 2026
TL;DR

IBM's Hans Dekkers: Asia-Pacific tech budgets uneven as AI rises

Enterprise tech investments in Asia-Pacific face volatility, but IBM predicts sustained growth in AI adoption as businesses prioritize long-term strategies over isolated projects.

23 Jul 2026
Federal Reserve

Crude oil prices near $100 as US-Iran tensions escalate

Commodity markets witnessed a mixed bag on July 23. Crude oil prices hit their highest in over six weeks amid rising tensions in the Middle East.

23 Jul 2026
TL;DR

KOSPI jumps 9% on semiconductor rally and 0.6% GDP growth

South Korea's Kospi surged 9% over three sessions, driven by stronger-than-expected GDP growth and robust AI spending plans from US tech giants, boosting chip stocks significantly.

23 Jul 2026
TL;DR

ICICI Bank returns to global debt market with $500m-plus bond

ICICI Bank plans to raise $500 million via a five-year dollar bond, marking its first issuance since 2017, leveraging India's lower-cost hedging facility for competitive pricing.

23 Jul 2026
TL;DR

Sotefin Bharat IPO oversubscribed, likely flat debut on BSE SME

Sotefin Bharat Ltd. debuts on the BSE SME platform today, with grey market premium trends signaling a flat listing despite its IPO being subscribed 3.78 times overall.

23 Jul 2026
TL;DR

Large and midcap mutual funds post ₹4,321.32cr inflows, ₹3,53,143.25cr AUM

Large & Mid Cap funds witnessed a 32% rise in net inflows in June 2026, reflecting growing investor interest in this category that blends stability with growth potential.

23 Jul 2026
TL;DR

Alphabet posts strong Q2 2026 as AI drives revenue growth

Alphabet CEO Sundar Pichai highlighted 24% revenue growth and Gemini's rapid adoption, countering concerns about Google's position in the competitive AI landscape.

23 Jul 2026
TL;DR

Oil jumps to $96 a barrel amid US Iran tensions

Brent Crude surged over 2%, surpassing $96 per barrel, driven by escalating US-Iran tensions, with experts predicting prices could hit $100 before the month's end.

23 Jul 2026
TL;DR

Bhopal-based Xtranet Technologies opens ₹166.8cr IPO with ₹120-₹127 band

Xtranet Technologies Limited's ₹166.8-crore IPO opens today, priced between ₹120-₹127 per share. The IT solutions provider plans to list on BSE and NSE on July 30.

23 Jul 2026
TL;DR

Indo-MIM opens ₹3,812 cr IPO, bids close July 27

Indo-MIM's ₹3,812-crore IPO opens today, featuring a mix of fresh equity and offer-for-sale shares. Investors can bid in lots of 30 shares within the price band.

23 Jul 2026
TL;DR

Xtranet Technologies opens ₹120-127 IPO with 10% gray market premium

Xtranet Technologies' Rs 166.8 crore IPO opens today, offering 1.31 crore fresh equity shares. Grey market trends indicate a 10% premium over the upper price band of Rs 127.

23 Jul 2026
TL;DR

Uber lays off 10% of customer service team, citing AI

Uber has eliminated 10% of its customer service roles, citing efforts to streamline operations and integrate artificial intelligence into its processes.

23 Jul 2026
TL;DR

Nifty 50 may open lower as GIFT Nifty down 95

GIFT Nifty traded 95 points lower as escalating Iran-US tensions and surging crude oil prices dampened global risk sentiment, signaling a subdued market opening.

23 Jul 2026
TL;DR

Gold and silver retreat on profit taking after global rally

Gold prices dipped after hitting a two-week high, as profit-booking and a stronger US dollar weighed on bullion ahead of the Federal Reserve's policy meeting next week.

23 Jul 2026
TL;DR

Khosla Ventures eyes $5.5 billion record fundraising with 3 funds

Khosla Ventures is planning a record $5.5 billion fundraise, allocating $1 billion for seed startups, $2 billion for early-stage ventures, and $2.5 billion for mature companies.

23 Jul 2026
TL;DR

Middle East clashes push oil to highest levels in weeks

Brent crude surged past $95, hitting a six-week high, as U.S. strikes on Iran entered their 12th day. Goldman Sachs warns prices could reach $120 if disruptions persist.

23 Jul 2026
TL;DR

GIFT Nifty signals 100 point gap down after oil surge

Indian stock markets are expected to open on a flat-to-negative note Thursday, with Gift Nifty signaling a 100-point gap down amid mixed global cues and rising crude prices.

23 Jul 2026
TL;DR

Alphabet raises 2026 spending to $205 billion for AI cloud

Alphabet has raised its 2026 capital expenditure plans to $195-$205 billion, up from $180-$190 billion, to accelerate investments in AI-driven computing infrastructure.

23 Jul 2026
TL;DR

Wall Street pays up to $100,000 for Trump Truth API

Automated trading systems on Wall Street are leveraging President Trump’s Truth Social posts to execute rapid trades, capitalizing on market-moving announcements within seconds.

23 Jul 2026
TL;DR

Brent crude at $96 after US airstrikes and Houthi attacks

Brent crude surged to $96, its highest since June, as U.S.-Iran hostilities intensified and Houthi attacks on Saudi oil tankers disrupted global energy supply routes.

23 Jul 2026
TL;DR

Elon Musk hints at Tesla SpaceX merger on earnings call

Elon Musk hinted at a potential Tesla-SpaceX merger, citing increasing collaboration between the companies. Investors now see a high likelihood of integration within years.

23 Jul 2026
TL;DR

Alphabet plans $205B capex as Google free cash flow drops

Google reported its first-ever negative free cash flow of $5.9 billion in Q2 2026, driven by record-breaking investments in artificial intelligence infrastructure.

23 Jul 2026
TL;DR

Air India restarts nonstop Delhi-Toronto service August 1 2026 nearly-three-hours-shorter

Air India will restart non-stop flights between New Delhi and Toronto from August 1, cutting travel time by nearly three hours with its new Boeing 787-9 Dreamliner aircraft.

23 Jul 2026
TL;DR

Crude jumps nearly 4%, Indian markets slide, Nifty below 24,000

India's benchmark indices dropped on Wednesday as Brent crude surged 3.7% to $94.40 per barrel, with escalating West Asia tensions weighing heavily on investor sentiment.

23 Jul 2026
TL;DR

Mixx buys Sophic Silicon Technologies, partners with Kaynes Semicon Sanand

San Jose-based Mixx Technologies acquired Bengaluru's Sophic Silicon and partnered with Kaynes Semicon to enhance optical integrated circuit assembly for silicon photonics.

23 Jul 2026
TL;DR

Accenture to seek majority stake in ANSR with about $350 million

Accenture plans to invest $350 million to raise its stake in Bengaluru-based ANSR, valuing the GCC platform company at approximately $1 billion.

23 Jul 2026
TL;DR

India's 1st strategic natural gas reserve planned by ONGC

India's ONGC is planning the nation's first strategic natural gas reserve, as the West Asia war disrupts energy supplies and highlights India's reliance on costly LNG imports.

23 Jul 2026
TL;DR

Maharashtra probe halts Ratan Tata transfer 3,368 Tata Sons shares

An ownership dispute over 833 Tata Sons shares has triggered a regulatory probe, delaying the transfer of late Ratan Tata’s 3,368 shares to his charitable foundations.

23 Jul 2026
TL;DR

India's SEBI considers removing upfront margin for early pay-in trades

Sebi is exploring a proposal to waive upfront margins on buy trades funded by same-day sale proceeds, aiming to enhance liquidity and boost cash market turnover.

23 Jul 2026
TL;DR

Gold holds at $4,120 as Houthis attack Red Sea tankers

Gold steadied at $4,120 an ounce as dip-buying offset inflation fears driven by surging oil prices and escalating Middle East hostilities impacting global markets.

23 Jul 2026
TL;DR

Indian pharma stocks slide as Trump threatens 100% generics tariff

Indian pharma stocks tumbled as US President Trump announced 100% tariffs on generic drug imports by 2028, raising concerns for companies with significant US revenue exposure.

23 Jul 2026
TL;DR

Tesla Q2 revenue rises 26% as profit and shares fall

Tesla shares fell nearly 5% in extended trading as mixed Q2 results revealed a significant profitability miss and negative free cash flow, worrying investors.

23 Jul 2026
TL;DR

Alphabet posts $119.8B revenue, stock falls on EPS miss, spending

Alphabet shares fell 3.5% in extended trading despite beating revenue estimates, as the company raised its annual capex guidance beyond $200 billion for 2026.

23 Jul 2026
TL;DR

National Stock Exchange launches 1st in India Nifty500 Ahimsa Index

India's first animal-cruelty-free index, the Nifty500 Ahimsa Index, highlights a growing trend of ethical investing by aligning financial decisions with the principle of Ahimsa.

23 Jul 2026
TL;DR

Alphabet reports Google Cloud revenue jumps 82% to $24.8B

Google's cloud revenue surged 82% year-over-year to $24.8 billion, driven by enterprise AI adoption, showcasing the payoff of its hefty AI investments.

23 Jul 2026
TL;DR

Alphabet posts $119.8B revenue, $9.11 EPS, 12th straight double-digit growth

Alphabet, Google's parent company, reported double-digit revenue growth for Q2 2026, marking its 12th consecutive quarter of strong gains with $119.8bn in revenue.

23 Jul 2026
TL;DR

Tesla profits fall 5% to $1.1B, shares dip after hours

Tesla shares fell 2.8% after quarterly profits missed estimates, impacted by lower vehicle prices and a 47% surge in operating costs to $4.35 billion.

23 Jul 2026
TL;DR

Brent crude tops $95 after President Trump's warning to Iran

Global oil prices spiked as Brent crude exceeded $95, driven by escalating US-Iran strikes, while stock markets showed mixed reactions with tech shares facing renewed pressure.

23 Jul 2026
TL;DR

Google Cloud posts 82% revenue jump to $24.8 billion

Google Cloud revenue soared 82% to $24.8 billion, surpassing Wall Street estimates, driven by surging enterprise demand for AI-powered cloud services.

23 Jul 2026
TL;DR

Alphabet posts 24% revenue jump to $119.8B in April-June 2026

Alphabet's Q2 2026 revenue surged 24% year-over-year to $119.8 billion, driven by strong AI investments and Google Cloud's impressive 82% growth in demand for AI solutions.

23 Jul 2026
TL;DR

Travis Kalanick's rebranded Atoms raises $1.7B, Ben Horowitz joins board

Travis Kalanick’s robotics venture, Atoms, raised $1.7 billion in a round led by Andreessen Horowitz, reconnecting him with Uber as a participant in the investment.

23 Jul 2026
TL;DR

UK inflation falls to 2.6% in June, ONS says

UK inflation slowed to 2.6% in June, its lowest rate since March 2025, driven by cheaper fuel, food, and clothing, offering brief respite before energy costs rise again.

23 Jul 2026
TL;DR

SpaceX shares fall about 20% to $119.85 erasing over $1.1T

SpaceX stock remains mostly stagnant following a 20% drop last week, as investors await Tesla's second-quarter earnings and monitor upcoming Starship launch developments.

23 Jul 2026
TL;DR

Yope secures $12.3 million seed led by Northzone for private network

Yope, a social platform focused on private, algorithm-free connections, secured $12.3 million in seed funding led by Northzone to expand its user base and develop new features.

23 Jul 2026
TL;DR

Apple and NVIDIA trade places as world's most valuable company

Apple and Nvidia are locked in a fierce battle for market supremacy, leveraging their unique strengths in consumer services and generative AI to dominate the global tech landscape.

22 Jul 2026
Stock Market

Sensex down 800 points: Why Indian stock market crashed today

The Indian stock market witnessed a major selloff today, with the Sensex crashing over 800 points to hit an intraday low of 76,641.19.

22 Jul 2026
IndiGo

IndiGo shares down 3% today: Here we decode why

Shares of InterGlobe Aviation, the parent company of IndiGo, fell over 3% to ₹5,128 apiece.

22 Jul 2026
The Walt Disney Company

From Pixar to National Geographic, Disney axes hundreds of jobs

The Walt Disney Company has announced a major round of layoffs, impacting several hundred employees across various divisions.

22 Jul 2026
India

Bira 91 founder Ankur Jain exits board, gives up stake

Ankur Jain, the founder of B9 Beverages and its flagship brand Bira 91, has resigned from the company's board.

22 Jul 2026
Samsung

Samsung might invest in AI start-up Mistral at $23B valuation

Samsung is in talks to invest hundreds of millions of euros into French artificial intelligence (AI) start-up Mistral.

22 Jul 2026
Madhya Pradesh

Paras Defence to establish semiconductor facility in MP for ₹6,200cr

Paras Defence and Space Technologies has announced that its semiconductor unit will invest ₹6,200 crore to set up a chip packaging and testing facility in Madhya Pradesh.

22 Jul 2026
Adani Group

Adani, GMR might soon run their own airlines in India

The Indian government is mulling a major policy shift that could allow airport operators to own and run their own airlines, as per Bloomberg.

22 Jul 2026
Anthropic

Why Anthropic has been sued by University of Tennessee

Anthropic, a leading artificial intelligence (AI) company, has been sued by the University of Tennessee Research Foundation for patent infringement.

22 Jul 2026
Donald Trump

Trump threatens tariff on generic medicines: Should India be worried?

US President Donald Trump has announced a two-year exemption from tariffs on imported generic medicines.

21 Jul 2026
Amitabh Kant

End retrospective tax to attract foreign investment: Amitabh Kant

Former NITI Aayog CEO Amitabh Kant has stressed the need for India to end its retrospective tax policy, saying it heavily impacts global investor sentiment.

21 Jul 2026
Stock Market

London Stock Exchange will soon let you trade 24/7

The London Stock Exchange (LSE) is gearing up to launch a new trading venue, LSE 24, which will operate outside its normal market hours.

21 Jul 2026
Bajaj Auto

Bajaj Auto Q1 results: Net profit jumps 42.3% to ₹2,983cr

Bajaj Auto has reported a whopping 42.3% jump in its standalone net profit for the first quarter of FY27.

This might be 1st 'world model' AI start-up going public

Chinese artificial intelligence (AI) start-up GigaAI is gearing up for a public listing in Hong Kong.

21 Jul 2026
Cognizant

Cognizant bags mega tech services deal worth up to $1B

Cognizant, a leading software services company, has won a multi-year technology services contract from US health insurer Centene Corporation, as per Moneycontrol.

21 Jul 2026
Maharashtra

Maharashtra plans property tokenization on blockchain: How it affects you?

Maharashtra is mulling a new legal framework for the tokenization of land and other immovable assets using blockchain technology.

21 Jul 2026
JP Morgan

Positive returns for Indian equities over next 12 months: JPMorgan

JPMorgan's Rajiv Batra, Head of Asia and Co-Head of Global Emerging Markets Equity Strategy, has predicted positive returns for Indian equities in the next 12 months.

21 Jul 2026
Volkswagen

JSW eyes majority stake in Volkswagen's India unit: Report

Volkswagen AG is in advanced talks with JSW Group for a potential stake sale in its Indian unit, as per Bloomberg.

21 Jul 2026
Tata Steel

Tata Steel to invest ₹10,000cr in Jharkhand by 2028

Tata Steel has announced its plan to invest ₹10,000 crore in various projects across Jharkhand by 2028.

21 Jul 2026
India

India's Q1 oil import bill up 61%: What's the reason?

India's crude oil import bill surged by a whopping 61% to $49.8 billion in the April-June period, compared to the same period last year.

You can soon make UPI payments without internet

The National Payments Corporation of India (NPCI) is working on a new feature for Unified Payments Interface (UPI), that would allow users to make payments at merchant point-of-sale terminals without an internet connection.

21 Jul 2026
Anthropic

Anthropic's $1.5B copyright settlement with authors has been approved

Anthropic, a leading artificial intelligence (AI) company, has received final approval for its $1.5 billion settlement with authors over copyright infringement.

21 Jul 2026
Paramount Pictures

Paramount's $110B merger with Warner Bros has been temporarily paused

The proposed $110 billion merger between Paramount Skydance and Warner Bros. Discovery has been temporarily halted by a US federal judge.

20 Jul 2026
AliExpress

Why AliExpress has been fined record €550m by EU

The European Commission has slapped a record fine of €550 million on Chinese e-commerce giant AliExpress.

20 Jul 2026
Indian Government

Modi government won't scrap LTCG tax on equities anytime soon

The Indian government has confirmed that it has no plans to scrap the long-term capital gains (LTCG) tax on equity transactions.

20 Jul 2026
Jeff Bezos

Jeff Bezos has invested in this £2B UK AI start-up

Jeff Bezos, the founder of Amazon, and the UK government have invested in a £2 billion British artificial intelligence (AI) start-up called CuspAI.

20 Jul 2026
India

Etihad is offering 20% off on these international flights

Etihad Airways has launched a special promotional sale for Indian travelers, offering up to 20% off on Business and Economy class fares.

20 Jul 2026
Meta

Meta to proceed with layoffs challenged over AI bias claims

A US federal judge has denied a request to halt Meta's planned layoffs of 26 employees.

20 Jul 2026
Bharti Airtel

Airtel's data center arm to expand capacity to 1GW

Bharti Airtel's data center subsidiary, Nxtra, is gearing up for a massive expansion. The company plans to quadruple its capacity to 1 gigawatt (GW) in the coming years.

20 Jul 2026
Bangladesh

Centre wants ethanol to become your next cooking fuel

The Indian government is working on a policy to promote ethanol as a mainstream cooking fuel.

20 Jul 2026
Dubai

Why Indian pilots want Gulf flights to be canceled

The Airline Pilots' Association of India (ALPA India) has called for an immediate suspension of flights to the UAE and other high-risk Gulf destinations.

20 Jul 2026
Reserve Bank Of India (RBI)

Why RBI has intervened to stabilize Indian rupee

The Reserve Bank of India (RBI) has stepped in to stabilize the Indian rupee, which is nearing a record low.

India's defense stocks plunge amid escalation of US-Iran conflict

Shares of major defense companies such as Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), and Bharat Dynamics have witnessed a decline during today's trading session.

20 Jul 2026
Larsen & Toubro

L&T has bagged 'mega' orders worth up to ₹15,000cr

Larsen and Toubro (L&T) has announced that its Metals and Minerals vertical has bagged 'mega' orders from leading domestic companies.

20 Jul 2026
Bengaluru

Tata to open 100 Westside stores annually to accelerate expansion

Tata Group's Trent Ltd. is planning an aggressive expansion of its premium fashion brand, Westside.

20 Jul 2026
ICICI Bank

ICICI sees biggest workforce decline among private banks in FY26

ICICI Bank, India's second-largest private sector lender, has seen a major dip in its workforce strength during the fiscal year 2026.

20 Jul 2026
India

Gold, silver prices in India rise today: What's the reason?

Gold and silver prices rose in early trade on the Multi Commodity Exchange (MCX) today. The gains were mainly due to value buying after a slight easing of the US dollar.