Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
SK Hynix places record $8B order for ASML's EUV machines
SK Hynix is set to buy $8 billion worth of EUV lithography tools from ASML, marking the largest disclosed order by an ASML customer.
Why your ice cream or cold drink might cost more
The Iran war's oil-linked disruptions are causing cost spikes in India's commercial refrigeration industry, leading to potential price hikes for consumers.
Digital platforms drive India's media and entertainment industry growth
India's media and entertainment sector is projected to hit ₹3.3 trillion by 2028, driven primarily by digital expansion, according to a Ficci and EY report.
FY26 so far: 99 IPOs raise ₹1.65 lakh crore
The IPO market in FY26 has maintained robust momentum, raising ₹1.7 lakh crore, according to NSE data. This surpasses the previous year's mobilisation of ₹1.69 lakh crore.
India's private sector slows down: PMI drops to 56.5
India's private sector output growth in March was the weakest since October 2022, despite a surge in export orders, according to an S&P Global survey.
AI-first approach in tech services: How to manage the shift
Artificial intelligence is driving a shift in IT services towards outcome-based contracts and AI-first delivery models, according to industry experts.
Lynk.coach is an AI-native app for tomorrow's coaching businesses
Lyfskills has launched Lynk.coach, an AI-first software platform designed to streamline operations for coaches and academies across various disciplines.
JPMorgan sees 'deep value' in Indian IT stocks: Here's why
JPMorgan has reduced its targets for IT stocks, citing FY27 guidance as crucial amid concerns over artificial intelligence-led pricing pressure.
Women-led home services startup Snabbit raises fresh funding
Quick services startups Snabbit, Pronto and InstaHelp are attracting significant investor interest as they scale up, with Snabbit in talks to raise up to $70 million.
Gold, silver ETFs down 13% amid Iran-war: Should you invest?
Gold and silver exchange-traded funds (ETFs) have witnessed a major decline of up to 13% amid rising geopolitical tensions in the Middle East.
India's private sector growth touches 3-year low: What's the reason?
India's private sector has witnessed its slowest growth in over three years, HSBC's Flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, shows.
Why OpenAI has recruited Meta veteran Dave Dugan
OpenAI has appointed ex-Meta executive Dave Dugan as its new Vice President of Global Ad Solutions.
OpenAI warns partnership with Microsoft could jeopardize its business
OpenAI has warned that its close relationship with Microsoft could pose a risk to its business.
'AI for everyday life': Nelpx CEO at India AI Impact Summit
Nelpx GmbH CEO, Mandeep Singh, defined the next phase of AI, termed 'Wave Two', in an interview with Economic Times at the India AI Impact Summit 2026.
Goldman Sachs cuts India's growth forecast to 5.9% for 2026
Goldman Sachs has reduced its growth prediction for India to 5.9% in 2026, warning that currency depreciation will necessitate a policy rate hike.
How Atanu Chakraborty's exit impacted HDFC Bank's valuation
Last week, HDFC Bank was rocked by the sudden resignation of its chairman, Atanu Chakraborty, over ethical differences, leading to a significant drop in market capitalisation.
OpenAI's $10B funding round nears completion with top PE firms
Following a Pentagon deal, OpenAI is aggressively pursuing Anthropic's enterprise market, with CEO Sam Altman offering enticing returns to private equity firms.
Tata AIA launches 3 new ULIP funds: Details here
Tata AIA Life Insurance has unveiled three new investment funds linked to its unit-linked insurance plans (ULIPs), targeting innovation sectors and global technology trends.
OpenAI offers 17.5% return to attract private equity investments
OpenAI, led by Sam Altman, is offering a minimum return rate of 17.5% and early access to its AI models to attract private equity firms and raise more funds.
Rupee slips to ₹93.73 against US dollar
The Indian rupee weakened by 20 paise to 93.73 against the US dollar due to a strengthening greenback and rising global crude oil prices.
Oil prices surge again, Brent crosses $100 mark
Crude oil prices rose on March 24, following an 11% drop, due to ongoing supply risks amid the US-Iran conflict. Macquarie predicts prices could reach $150 per barrel.
Sensex jumps over 1,000 points today: What's the reason?
India's benchmark equity indices, Sensex and Nifty, witnessed a strong rally today.
Raajmarg Infra Investment Trust makes stock market debut
Raajmarg Infra Investment Trust (InvIT), backed by the National Highways Authority of India (NHAI), listed on the NSE at a 7% premium, opening at ₹107 per unit.
GSP Crop Science lists at a premium on bourses
GSP Crop Science shares made a strong debut on the exchanges, listing at a 4% premium, surpassing grey market expectations.
Oil prices soar as US-Iran tensions escalate
Global oil prices are on the rise, nearing $104 per barrel, as escalating tensions in the Middle East continue to fuel market volatility.
Walmart's plan to sell products via ChatGPT has failed
Walmart has tested the effectiveness of "agentic commerce" or in-chat purchases through OpenAI's Instant Checkout.
Zerodha launches fund tracking Nifty MidSmallcap400 50:50 index
Zerodha Fund House has launched an open-ended equity index scheme focusing on mid- and small-cap stocks. The scheme aims to track the Nifty MidSmallcap400 50:50 Index TRI.
Sensex gains 1,516 points as Nifty reclaims 17,000 mark
The BSE Sensex and Nifty 50 opened with strong gains on Tuesday, despite ongoing market volatility due to uncertainty surrounding the Strait of Hormuz.
Sensex crosses 73,600 mark, Nifty settles above 22,800
Indian equity benchmarks, including the Sensex, surged nearly 1,000 points in early trade as easing geopolitical tensions and softer oil prices boosted global investor sentiment.
Fractal Analytics lists at ₹876, hits ₹900 on BSE
Goldman Sachs and Morgan Stanley have initiated coverage on AI firm Fractal Analytics, highlighting its strong growth potential and robust margins.
Altman steps down from Helion board amid OpenAI energy talks
OpenAI CEO Sam Altman has resigned from the board of fusion startup Helion Energy, as the two firms consider a significant partnership.
Asian stocks bounce back on hope of Iran-US talks
Asian markets, including Japan's Nikkei and South Korea's Kospi, surged up to 3% today due to signs of de-escalation in the US-Iran conflict.
US gives Iran oil a temporary green light
Iranian oil is being offered to Indian refiners at a premium to ICE Brent, following the temporary removal of US sanctions aimed at easing an energy crisis.
Rupee to open at ₹93.04 per dollar
The Indian rupee is expected to recover significantly on March 24, following US President Donald Trump's decision to suspend strikes on Iranian power plants.
China stocks tumble on Iran war jitters: What's the impact
Chinese equities are displaying signs of a potential rebound following a significant decline, as key market indicators reach levels often associated with market turnarounds.
Japan's core inflation drops below 2% for 1st time since 2022
Japan's main inflation indicator has fallen below the central bank's target for the first time since 2022, due to reduced energy costs and utility subsidies.
Seed funding of $6.8 million for fusion energy startup Pranos
Indian deep-tech startup Pranos Fusion has raised $6.8 million in seed funding to develop compact tokamak reactors and core enabling technologies for fusion energy.
India to tweak PLI 2.0 scheme to address GPU costs
The Indian government is considering a revision of the production-linked incentive (PLI) scheme for IT hardware due to soaring GPU costs and the rise of AI servers.
IPL, summer vacations could spike demand, but gig worker crunch
Food delivery and quick commerce platforms anticipate a summer demand surge amid the IPL season, but face uncertainties with rider availability and rising fuel costs.
Gold, silver prices drop sharply this week: Check rates here
Gold and silver prices plunged on Monday, pressured by rising inflation fears and expectations of higher global interest rates, despite escalating West Asia conflict.
Swish raises $38 million at over $139 million valuation
Bengaluru-based food delivery startup, Swish, has raised $38 million in its third funding round within 18 months, doubling its valuation to $139 million.
Drone delivery startup Zipline raises $600 million at $7.6 billion
US-based drone delivery startup, Zipline, has raised an additional $200 million to accelerate its expansion in the US and abroad.
Explainer: How West Asia conflict can impact Indian economy
The Reserve Bank of India (RBI) has highlighted the potential for increased price risks due to escalating geopolitical tensions in West Asia.
Sensex may bounce back 1,500 points tomorrow: Here's why
Following President Trump's announcement of a temporary halt to military strikes against Iran, global stock markets and the Indian rupee are expected to rebound.
Meta kicks off Superintelligence Labs with Dreamer acquisition
Meta Platforms Inc. has hired the founders and team of AI startup Dreamer, including former Google and Stripe executives, to bolster its AI projects.
Index funds in India: What benefits do you get?
Index funds have become a popular investment option for beginners in India, thanks to their simplicity and cost-effectiveness.
OnlyFans owner Leonid Radvinsky passes away at 43
Leonid Radvinsky, the billionaire owner of adult-content platform OnlyFans that revolutionized the online porn industry, has passed away at the age of 43.
MSME loans: What are the types available?
Micro, small, and medium enterprises (MSMEs) are the backbone of India's economy, contributing significantly to job creation and economic growth.
Indian Bank has raised ₹5,000cr via bonds in India
State-owned Indian Bank has raised ₹5,000 crore by issuing 10-year infrastructure bonds at a coupon rate of 7.15%.
How US-Iran conflict is affecting housing prices in Mumbai, NCR
The ongoing Iran-Israel conflict is impacting the Indian real estate sector, particularly in high-rise and luxury housing segments. The main culprit? A spike in steel prices.
RBI has injected ₹79,256cr into India's banking system
The Reserve Bank of India (RBI) has injected ₹79,256 crore into the banking system via an overnight variable rate (VRR) auction.
8th Pay Commission to be implemented soon: Everything we know
The 8th Pay Commission has sparked a lot of interest among Indian government employees and pensioners.
Corporate Laws (Amendment) Bill tabled in Lok Sabha: What's changed?
Union Finance Minister Nirmala Sitharaman has introduced the Corporate Laws (Amendment) Bill, 2026, in the Lok Sabha.
OpenAI lures private-equity firms with high returns amid Anthropic rivalry
OpenAI, the company behind ChatGPT, is sweetening its pitch to private equity firms by offering a guaranteed minimum return of 17.5%, according to Reuters.
Snowflake says firms don't need large teams with its platform
Snowflake, a leading cloud-based data platform, is changing the game with its "fully managed approach."
Gold, silver lose $2 trillion in 3 hours
In a shocking turn of events, the global market for precious metals has witnessed a major meltdown. In just three hours of volatile trading, gold and silver lost nearly $2 trillion in market cap.
Indian stock market crash erodes ₹15L crore in a day
The Indian stock market witnessed a major crash today, with investor wealth eroding by nearly ₹15 lakh crore in just one session.
Finance Bill 2026 tabled in Lok Sabha: Key takeaways
Finance Minister Nirmala Sitharaman has tabled the Finance Bill, 2026, in the Lok Sabha.
India's retail sales grow 9% in February
India's retail sales grew by a robust 9% year-on-year in February, according to the latest Retail Business Survey by the Retailers Association of India (RAI).
Indian metal stocks have crashed today: What's the reason?
Metal stocks have witnessed a major sell-off today, with declines of up to 6.4%. The Nifty Metal index plummeted by over 4% to 10,927.
Paytm, Pine Labs shares down 22% MoM: Should you buy?
Leading international brokerage firm Jefferies has maintained its 'Buy' rating on the stocks of One 97 Communications (Paytm's parent company) and Pine Labs.
Kotak Mahindra Bank to takeover Deutsche Bank's Indian business
Kotak Mahindra Bank has emerged as the frontrunner to bag Deutsche Bank's retail operations in India for around ₹4,500 crore.
Your Coca-Cola drink will become costlier in India soon
SLMG Beverages, the largest bottler for Coca-Cola in India, is considering raising prices due to escalating packaging costs. These costs are linked to the ongoing war in West Asia.
US-Iran war may have severe economic impact on India
Moody's Analytics has warned that India could be one of the worst-hit economies in the Asia-Pacific region if the ongoing Middle East conflict continues.
IndiGo shares 52-week low after Goldman Sachs cuts earnings estimates
InterGlobe Aviation Ltd, the parent company of IndiGo Airlines, witnessed a nearly 6% drop in its shares on Monday.
Sensex down over 1,700 points today: Here we decode why
The Indian stock market witnessed a crash today, with benchmark indices Sensex and Nifty plummeting sharply.
Indian rupee touches all-time low of 93.84 against US dollar
The Indian rupee has hit a new low, falling to 93.84 against the US dollar today.
Silver prices crash 6% today: Here we decode why
Silver prices in India witnessed a sharp decline today, falling by 6% or ₹13,606 to ₹2,13,166 per kg on the Multi Commodity Exchange (MCX).
Apple to mark 50th anniversary with John Ternus in spotlight
Apple is gearing up for a grand celebration of its 50th anniversary at its Cupertino headquarters, Apple Park.
Your power bills in Delhi will go up from April
Delhi's electricity rates are likely to see a hike from April.
Gold prices fall to 4-month low: What's the reason?
Gold prices plummeted by over 3% today, hitting a four-month low.
Who's Matt Brittin? Ex-Google executive to be new BBC Director-General
Former Google executive Matt Brittin has been appointed as the new Director-General of the British Broadcasting Corporation (BBC), according to The Times.
India's coal imports drop 4.2% as domestic output rises
India's coal imports have witnessed a major dip of 4.2% in the April-January period of the current fiscal year.
Indo-Tibet trade to resume after 6 years this June
The Indo-Tibet trade, which was suspended in 2020 due to the COVID-19 pandemic, will resume through the Shipki La pass in Kinnaur district of Himachal Pradesh from June this year.
Modi government might divest stake in IDBI Bank via OFS
The Indian government is considering an offer-for-sale (OFS) to increase public shareholding in IDBI Bank.
Why AC makers in India are worried ahead of summer
Unseasonal rains across India are posing a challenge to air conditioner (AC) manufacturers.
Why India is opposing a China-led investment deal at WTO
India is facing the threat of political isolation as support for the China-backed Investment Facilitation for Development (IFD) Agreement at the World Trade Organization (WTO) continues to grow.
AI should strengthen judiciary, not replace it: CJI Surya Kant
Chief Justice of India (CJI) Justice Surya Kant has said that artificial intelligence (AI) should be integrated into the judicial system in a way that strengthens its core functions.
India achieves 1B tons of coal production amid energy jitters
India has achieved a major milestone by producing one billion tons of coal for the second consecutive year.
Government lifts airfare caps on domestic flights amid US-Iran war
The Indian government has announced its decision to lift the airfare caps on domestic flights from March 23.
Apple bucks China smartphone market slump: iPhone sales jump 23%
Apple has posted a massive 23% year-on-year (YoY) growth in iPhone sales in China during the first nine weeks of 2026.
Indian companies lead global peers in AI adoption, says Deloitte
A recent report by Deloitte has revealed that Indian enterprises are leading the world in large-scale adoption of artificial intelligence (AI).
Vedanta challenges Adani's ₹14,500cr Jaiprakash Associates takeover in NCLAT
Vedanta has challenged the approval of Adani Enterprises's ₹14,543 crore bid for bankrupt Jaiprakash Associates Limited (JAL).
Gold eyeing highest weekly loss since 1983: What's the reason?
Gold is headed for its biggest weekly loss since 1983, as the Middle East conflict has increased energy prices and lowered expectations for interest rate cuts.
Why urea production in India is under threat
India's urea production has been severely affected by disruptions in liquefied natural gas (LNG) supplies.
IndiGo operating these select Gulf flights today: Check list
IndiGo has announced plans to operate select Gulf flights today. The decision comes in light of the ongoing situation in the Middle East.
This is the world's best airline for 2026
Qatar Airways has been named the world's best full-service airline for 2026, according to global rankings released by AirlineRatings.com.
Airline industry faces $50B crisis due to Israel-Iran war
The global aviation sector is facing its worst crisis since the COVID-19 pandemic, thanks to the ongoing US-Israel-Iran conflict.
Market cap of India's top 5 firms down ₹1L crore
The combined market capitalization of five out of the top 10 most-valued companies in India, including HDFC Bank, ICICI Bank,Tata Consultancy Services (TCS), Bajaj Finance, and Hindustan Unilever, fell by over ₹1 lakh crore last week.
These 7 IPOs will hit the market this week
The Indian primary market is gearing up for a busy week as seven companies plan to launch their initial public offerings (IPOs).
Air India, Express operating 50 flights to West Asia today
Air India and Air India Express will operate a total of 50 scheduled and non-scheduled flights to and from West Asia today.
PAN application rules changing from April 1: What to know
Permanent Account Number (PAN) card application rules are set to change from April 1, 2026.
Air India's new fitness rules may ground staff, cut pay
Air India is set to introduce a new health and fitness compliance policy for its cabin crew. The move comes as part of the airline's effort to ensure that its cabin crew members meet certain health standards.
LPG price spike burns gig economy, delivery riders hit hardest
The recent surge in commercial liquefied petroleum gas (LPG) prices is taking a toll on delivery riders across major cities in India.
Modi government announces new incentives for MSMEs: What has changed?
The Indian government has announced major changes to the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME).
India to start trading in carbon market by July
India will start formal trading in its domestic carbon market within the next four months, Union Power Minister Manohar Lal Khattar has announced.
Why NVIDIA's GTC keynote failed to impress Wall Street
NVIDIA CEO Jensen Huang's recent keynote at the annual GTC conference failed to impress Wall Street investors.
OpenAI to double workforce to 8,000 as AI war intensifies
OpenAI, the artificial intelligence (AI) start-up behind ChatGPT, is planning to nearly double its workforce from 4,500 to around 8,000 by the end of 2026, according to a report by Financial Times.
Torrent Pharma launches India's 1st generic oral substitute to Ozempic
Torrent Pharmaceuticals has launched India's first generic oral version of semaglutide, a drug used to treat diabetes and obesity.
Union Bank of India has raised ₹3,000cr via bonds
Union Bank of India has raised ₹3,000 crore through the issue of senior, rated, listed, unsecured, redeemable, taxable, transferable long-term bonds on a private placement basis.
S&P 500 loses over $1T market cap: What's the reason?
The US stock market has witnessed a major downturn for the fourth consecutive week.
Judge blocks Trump-era Pentagon press policy over free speech concerns
A federal judge has blocked a controversial Pentagon press access policy implemented by the Trump administration.
Sun, Dr Reddy's, Glenmark launch their generic Ozempic-rivals in India
Leading Indian pharmaceutical companies, Sun Pharma, Dr Reddy's Laboratories, Glenmark, and Zydus Lifesciences have launched their generic versions of semaglutide injections.
Why HDFC Bank has fired 3 employees in Dubai
HDFC Bank has terminated the services of three employees over lapses in client onboarding at its Dubai International Financial Centre (DIFC) branch.
FPIs pull out ₹52,703cr from Indian equities in March
Foreign portfolio investors (FPIs) have pulled out a whopping ₹52,703 crore from Indian equities in the first half of March.
Global equity funds have lost $20.3B: What's the reason?
Global equity funds have witnessed a staggering exit of $20.3 billion as investors react to rising inflation concerns and escalating tensions in the Middle East.
Panama Canal hits peak operations amid US-Iran war
The Panama Canal, the world's second-busiest waterway, is now operating at full capacity.