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Sunshine Pictures IPO subscribed 4.33x as retail and non-institutionals led
Sunshine Pictures' IPO was subscribed 4.33 times on Day 1, driven by robust retail and non-institutional investor interest despite muted QIB participation.
Amazon Seller Services posts 1st PBIT ₹172 cr in India
Amazon India’s marketplace business reported a ₹172 crore profit at the PBIT level in FY26, marking its first operating profit on this measure in 14 years.
Qatar Holding seeks enforcement of $235m+ award against BYJU Raveendran
The Karnataka High Court has admitted Qatar Holding's plea to enforce a SGD 7.2 million arbitration award against Byju’s founder and his investment firm, BIPL.
Swiggy reshuffles leadership, promotes executives at Instamart and food marketplace
Swiggy has announced new leadership roles for Himavant Kurnala, Nitesh Garg, and Saurav Goyal across its Instamart and Food Marketplace businesses to drive growth and innovation.
Tempsens Instruments IPO sees 56% GMP before subscription opens
Tempsens Instruments' grey market premium (GMP) soared to 56% ahead of its IPO opening on August 20, with shares priced in the Rs 285-300 range.
India boosts floating solar with 102GW potential, ₹1Cr/MW support
India's floating solar market is poised for rapid growth as government incentives narrow cost gaps with ground-mounted projects, unlocking a potential of 102 GW capacity.
Swiggy restructures leadership to accelerate Instamart and food delivery
Swiggy has revamped its senior leadership, appointing experienced executives to pivotal roles in quick commerce and food delivery, aiming to enhance execution and sustain growth.
Income Tax Department probes hundreds of suspicious foreign money transfers
The Income Tax Department has initiated a nationwide verification drive, uncovering suspicious foreign remittances by entities with minimal or no reported business activity.
Diageo cuts over 6% of global workforce under Dave Lewis
Diageo reduced its workforce by over 6% year-on-year by June as new CEO Dave Lewis implemented cost-cutting measures, targeting back-office functions and areas of duplication.
Gold rises ₹2,000 in Delhi amid retailers and stockists buying
Gold prices surged ₹2,000 to ₹1.58 lakh per 10 grams, while silver advanced ₹730 to ₹2,40,730 per kilogram in Delhi amid increased buying by retailers and stockists.
BPCL approves up to ₹5,000cr NCD issue over next year
Bharat Petroleum Corporation Limited's board has approved raising up to ₹5,000 crore through non-convertible debentures in multiple tranches over one year.
Biocon US subsidiary wins FDA approval for Yesintek prefilled autoinjector
Biocon's subsidiary received supplemental USFDA approval for Yesintek autoinjector, expanding treatment options for autoimmune diseases like psoriasis and arthritis in the U.S.
MeitY says 5-6 semiconductor projects likely commercial by 2026
India's semiconductor ecosystem is poised for significant growth, with 5-6 projects expected to enter commercial production by the end of 2026.
Reach Capital raises $265 million fund for AI learning, health, work
Reach Capital has closed its $265 million Fund V to invest in AI-driven startups across learning, health, and work, aiming to support innovations that enhance human potential.
Baidu posts 5th straight revenue decline amid weak Chinese demand
Baidu reported its fifth consecutive quarterly revenue drop, with Q2 revenue falling 4% year-on-year, as the company pivots from online marketing to AI-driven growth.
Twenty-nine US states sue Meta for $1.4 trillion, seeking restrictions
A federal trial sees 29 US states accusing Meta of fostering youth addiction on Facebook and Instagram, seeking up to $1.4 trillion and changes that could disrupt its AI strategy.
NSE targets $55B valuation in upcoming IPO
The National Stock Exchange (NSE) is eyeing a valuation of up to $55 billion for its upcoming initial public offering (IPO). The move could make it one of India's largest market listings.
Infosys to modernize Knorr-Bremse rail and commercial vehicle IT systems
Infosys partners with Knorr-Bremse AG to modernize its enterprise applications using AI-led automation, enhancing scalability and operational efficiency across global divisions.
Larsen & Toubro lands up to ₹15,000cr Chennai AI center
Larsen & Toubro, once a dairy equipment importer, is leveraging its engineering prowess to diversify into cutting-edge technology-driven industries like AI and semiconductors.
Top 50 Indian companies post 18% June quarter profit growth
India's Nifty 50 firms posted an average profit growth of 18% in the June quarter, marking a decade-high performance and reinforcing optimism for sustained fiscal growth.
India Ratings and Research projects 6.8% GDP growth FY2026-27
India's GDP growth is projected to decelerate to 6.8% in FY27, driven by geopolitical tensions in West Asia and El Nino's adverse effects on agriculture and inflation.
RBI FCNR(B) inflows push India toward $50 billion BoP surplus
India is poised for a $50 billion BoP surplus in FY27, driven by robust foreign currency inflows and a manageable 1% CAD, according to SBI Research.
Visa launches 2 Visa Infinite tiers targeting affluent Indians
Visa has introduced two new premium card tiers, Infinite Privilege and Infinite Private, targeting India's growing affluent segment with bespoke services and exclusive benefits.
Tata Play and Spotify launch 4-month free Premium Standard trial
Tata Play has teamed up with Spotify to offer eligible Binge subscribers a four-month complimentary trial of Spotify Premium, enhancing music access and customer engagement.
AI jobs booming while women hold 27% roles, 13% executives
Women hold disproportionately fewer roles in the booming AI industry, making up just 27% of positions and only 13% of executive roles, risking exclusion from economic mobility.
Tata Sons AGM adjourned for 1st time in history
The annual general meeting (AGM) of Tata Sons, the holding company of India's biggest conglomerate, has been adjourned due to a lack of quorum.
Torrent Gas to file up to ₹4000cr IPO this week
Torrent Gas, part of Ahmedabad-based Torrent Group, is set to file updated draft papers for a ₹4,000-crore IPO this week after SEBI's earlier approval in June.
RBI grapples with cash demand amid India's digital payments
Despite India's digital payment revolution, cash demand grows at double-digit rates, complicating the Reserve Bank's planning for currency production and distribution capacity.
Uber now lets you book train tickets in India
Uber has introduced a new feature on its app in India, allowing users to book train tickets.
Reserve Bank of India calls rising cash a 'cash paradox'
Currency in circulation grows at double-digit rates, even as digital payments surge, complicating the Reserve Bank of India's efforts to forecast and manage future cash demand.
Milky Mist shares jump 30% to ₹181.5 on market debut
Milky Mist Dairy Food surged 30% in its Indian market debut, reaching a $1.46 billion valuation, driven by strong investor demand for premium value-added dairy products.
Recent graduates report difficulty landing 1st jobs amid AI concerns
Recent graduates are struggling to find jobs, with many blaming AI for replacing entry-level roles, but economists suggest other factors like remote work may be at play.
Tata's Nelco shares tumble 12% on Tuesday after ₹1,120 peak
Nelco Ltd. shares plunged 12% on August 18, marking their steepest single-day drop since March 2020, following a recent 52-week high and strategic investment announcement.
Ambassador Sergio Gor seeks $500B US India trade by 2030
US Ambassador Sergio Gor emphasized enhancing India-US economic collaboration, aiming for $500 billion bilateral trade by 2030 and addressing key friction points to unlock growth.
Lumos Robotics raises $147 million to expand factory robot deployments
Chinese robotics startup Lumos Robotics plans a new fundraising round and aims for a stock-market listing next year, driven by growing factory robot sales.
Google buys data of bankrupt airline to train AI models
Google has acquired a trove of internal business data from bankrupt Spirit Airlines for $10 million.
BYJU'S seeks 90-day extension for insolvency resolution, Shailendra Ajmera says
Shailendra Ajmera, EY's resolution professional, has requested a 90-day extension from NCLT Bengaluru to address delays in resolving Think & Learn's insolvency process.
SRCC and EY India launch 12 month AI VIBE program
Shri Ram College of Commerce partners with EY India to introduce AI VIBE, a 12-month program equipping students with advanced AI and business skills for an evolving job market.
Gold, silver prices down 1% today: Here we decode why
Gold and silver prices have witnessed a decline of up to 1% in early trading today.
India to tweak FDI rules: How will it affect businesses?
The Indian government is reportedly planning to revise its foreign direct investment (FDI) rules.
Modi government's latest move threatens domination of 'Big Four' consultants
The Indian government's Finance Ministry has issued a memorandum that could change the game for government consultancy contracts.
Bitcoin hits $64,200 on ETF interest and Fed pause hopes
Bitcoin surged past $64,000 as improving US spot Bitcoin ETF demand signaled growing institutional interest, despite rising exchange balances raising selling pressure concerns.
Indeed report finds job title inflation outpacing pay in India
A report reveals nearly 60% of Indian professionals feel their job titles don't align with compensation, highlighting a growing disconnect in workplace recognition and rewards.
Hexaware CEO R Srikrishna says fresh graduates will shape AI
The percentage of freshers in IT hiring has temporarily declined, but Hexaware CEO R Srikrishna believes younger, AI-native talent will play a pivotal role as the industry evolves.
Lenskart shares jump 4.5% after JV sets up China subsidiary
Lenskart shares climbed 4.5% after its joint venture, Baofeng Framekart Technology, incorporated Wenzhou Framekart Trade Co Ltd as a step-down subsidiary in China.
Google to phase out Pixel production in China by 2027
Google plans to cease Pixel production in China by 2027, shifting operations to India and Vietnam amid geopolitical tensions and efforts to diversify its supply chain.
Zoho's Sridhar Vembu says AI investments could raise device prices
Zoho's Sridhar Vembu links rising smartphone, laptop, and component prices to massive AI-driven infrastructure investments distorting global technology supply chains.
Tube Investments shares rise as Q1 revenue jumps 17.7%
Tube Investments of India shares jumped 8% after reporting a 5% YoY profit dip but a 17.7% revenue rise in Q1FY27. Motilal Oswal reaffirmed its Buy rating with a Rs 3,379 target.
Axis Bank revises credit card rules: How they affect you?
Axis Bank has announced a revision in its credit card terms and conditions, effective from August 28.
Your phone bills might go up by 10-12% soon
India's telecom sector is gearing up for a fresh wave of tariff hikes, with an expected increase of 10-12% in the next three to six months.
Why Noel Tata plans to meet RBI before August-end
Noel Tata, Chairman of Tata Trusts and representing the majority shareholding in private company Tata Sons, is likely to meet Reserve Bank of India (RBI) officials before this month ends.
UK ONS says rising costs drive job openings down 18,000
Job vacancies have dropped to their lowest level since 2021, with 18,000 fewer roles available compared to last year, according to the latest ONS data.
India drafts rule to let parent FDI approvals cover subsidiaries
The government is drafting major changes to FDI rules, potentially easing approval requirements for subsidiaries and large investments exceeding ₹5,000 crore, sources reveal.
Gurugram-based NeoGeo raises $20 million Series A for global expansion
Geospatial intelligence startup NeoGeo raised $20 million in its Series A round, co-led by Aavishkaar Capital and Neev Fund II, to drive international growth.
N Chandrasekaran resigns as Tata Sons chairman amid board deadlock
N Chandrasekaran resigned as Tata Sons chairman following prolonged uncertainty over his continuation, governance disputes with Tata Trusts, and unresolved regulatory challenges.
Biocon shares up 2% after US FDA clears Yesintek autoinjector
Biocon shares rose 2% to Rs 420.25 after its US subsidiary secured supplemental FDA approval for Yesintek single-dose prefilled autoinjectors in two strengths.
SEBI rolls out incident reporting portal and Cyber Suraksha portal
Sebi has launched the Incident Reporting Portal and Cyber Suraksha Portal to enhance cybersecurity reporting, threat sharing, and resilience across India's financial ecosystem.
Anthropic's revenue run rate soars to $65B
Anthropic's annualized revenue run rate has surpassed $65 billion, a massive jump from the $47 billion it reported in May and an even more impressive leap from around $9 billion at the end of 2025.
Freshworks co-founder Girish Mathrubootham joins $280 million Wispr round valuing $2B
Girish Mathrubootham, co-founder of Freshworks, has invested in voice-native AI startup Wispr through Together Fund, participating in its $280 million Series B funding round.
NIS Management reports 35% June quarter net profit at 7cr
NIS Management's net profit surged 35% to ₹7 crore in Q1, driven by improved operating efficiencies and disciplined execution, alongside a 16% rise in income to ₹116 crore.
Jio keeps ₹299 plan with Prime's 1-year price guarantee
Jio will continue its Rs 299 plan, but users must subscribe to the Rs 300 Prime membership for a one-year price guarantee, protecting against future tariff hikes.
Delhivery reports April-June 2026 revenue ₹2,930.73cr, net profit ₹31.91cr
Delhivery reported consolidated net sales of Rs 2,930.73 crore in June 2026, marking a robust year-on-year growth of 27.76% compared to Rs 2,294 crore in June 2025.
Behari Lal Engineering IPO to list on Indian exchanges tomorrow
Behari Lal Engineering IPO is set to debut on the Indian stock market tomorrow, with a strong grey market premium (GMP) of ₹105 hinting at a promising listing.
Meta faces $200 billion trial in California over children's safety
A landmark trial against Meta begins in California, with states alleging the company made Facebook and Instagram addictive for children, seeking $200 billion in damages.
India's NSE plans $55B IPO, shareholders to sell 6%
The National Stock Exchange of India is targeting a valuation of up to Rs 5.26 lakh crore ($55 billion) in its upcoming IPO, with shares priced between Rs 2,000-2,100.
HDFC Bank shares fall to ₹724.95 near 52-week low
HDFC Bank shares fell 0.56% to ₹724.95 on August 18, nearing their 52-week low of ₹722, with sell-side orders dominating at 56.38% of total traded volume.
India's 2036 bond yield jumps to 6.8407% as oil rises
Indian government bonds weakened as Brent crude surpassed $90 a barrel, while the Reserve Bank of India's early closure of its swap facility added to market pressures.
Invesco launches India Pharma and Healthcare Fund, NFO now open
Invesco Mutual Fund has introduced the Invesco India Pharma and Healthcare Fund, an open-ended equity scheme. The NFO opens on August 18 and closes on September 1.
Houthi naval blockade threatens India's $136.54 billion EU trade
The escalating Red Sea blockade and Strait of Hormuz tensions threaten India's supply chains, raising logistics costs and disrupting global trade routes.
AvenuesAI revenue jumps 111.39% to ₹2,533.38cr, net profit drops 41.77%
AvenuesAI's standalone net sales soared to Rs 2,533.38 crore in June 2026, marking an impressive year-on-year growth of 111.39% from Rs 1,198.42 crore in June 2025.
Sham Foam's IPO debut drops 24% amid weak sentiment
Sham Foam shares debuted at ₹104, a 20% discount to the issue price of ₹130, and quickly hit the lower circuit at ₹98.80 amid weak market sentiment.
Milky Mist Dairy Food IPO raises ₹1,553 cr, opens ₹165
Milky Mist Dairy Food shares listed at Rs 165 on the BSE, an 18% premium over the issue price of Rs 140, surpassing grey market expectations of Rs 159.70.
Bitcoin climbs past $64,000 as the only major crypto gaining
Bitcoin rose above $64,000 on Tuesday, gaining over 1% daily, while other major cryptocurrencies like Ether and XRP saw declines or marginal movements in a subdued market.
Odisha raises Semicon 2.0 subsidy to 35% reaching 75% support
Odisha increases its state subsidy to 35% under Semicon 2.0, countering the Centre's reduced cap of 40%, aiming to maintain a competitive edge in semiconductor investments.
Arianna Rodriguez sues In-N-Out alleging religious discrimination and wrongful firing
Arianna Rodriguez, a former In-N-Out cook, alleges wrongful termination and retaliation after her Sundays-off religious accommodation was revoked under new management in 2025.
Orient Bell reports ₹200.96cr for June quarter and ₹8.43cr profit
Orient Bell reported standalone net sales of Rs 200.96 crore in June 2026, marking a 43.31% year-on-year growth from Rs 140.23 crore in June 2025.
Rupee slips to 95.68 against US dollar as oil rises
The rupee weakened by 7 paise to 95.68 against the US dollar as crude oil prices surged past $91 per barrel, increasing demand for dollars linked to oil payments.
Tata Sons annual meeting scheduled August 18 may be delayed
The Tata Sons AGM, scheduled for August 18, faces likely adjournment due to quorum issues stemming from the Sir Ratan Tata Trust's inability to nominate a joint representative.
Ex-Dunzo Dalvir Suri named Superhealth operations head targeting 100 centers
Healthcare startup Superhealth has named Dunzo cofounder Dalvir Singh Suri as head of operations to lead its expansion from one hospital to 100 multispecialty centres across India.
Indian 10-year bond yield rises to 6.8326% on Tuesday
Indian bonds opened three basis points lower at 6.83% on August 18, influenced by rising US yields and Brent crude prices amid escalating US-Iran tensions.
ICICI Bank raises $750 million, total dollar borrowing $2.05B
ICICI Bank raised $750 million through a dollar bond issuance, bringing its total fundraising to $2.05 billion in a month, leveraging the RBI's concessional swap window.
Gold falls 0.55% to ₹155,090 and silver drops 1%
Gold and silver prices on the MCX fell by up to 1% as rising oil prices fueled fears of potential rate hikes by the US Federal Reserve and global central banks.
Noel Tata to meet RBI on Tata Sons listing requirement
Noel Tata, chairman of Tata Trusts, is set to meet RBI officials by August-end to discuss deregistering Tata Sons as an NBFC-CIC, aiming to avoid a mandatory IPO.
South Korea's Kospi hits 7,168.57 amid AI and chip demand
South Korea's Kospi jumped 2.73%, marking its sixth consecutive session of gains, as Samsung Electronics and SK Hynix surged on strong AI-driven demand for semiconductors.
Wispr raises $280 million at $2B valuation in funding round
Wispr, known for its AI dictation tool Flow, raised $280 million in Series B funding led by Menlo Ventures, reaching a $2 billion valuation amidst growing voice AI demand.
RBI advances NRI swap deadline, rupee opens weaker at 95.67
The Indian rupee opened at 95.67 per dollar on August 18, slightly weaker than the previous close of 95.61, amid rising oil prices and U.S. bond yield pressures.
Zoho founder Sridhar Vembu warns memory prices jumped 500%
Zoho founder Sridhar Vembu highlights the challenges posed by a 500% surge in memory prices over 12 months, making it increasingly difficult for businesses to operate efficiently.
Augmont Enterprises IPO opens August 21 priced ₹750-₹788, raising ₹825cr
Augmont Enterprises has set its IPO price band at ₹750-788 per share, with subscriptions open from 21 to 25 August. The ₹825-crore issue includes a fresh issue and an OFS.
Indo-MIM stock jumps 10% after 1st-quarter results, trading at ₹950.5
Indo-MIM shares jumped 10% following robust Q1 results, marking its first quarterly report as a public company with double-digit revenue growth and expanded EBITDA margins.
Lloyds Business Barometer finds AI has created jobs across UK.
A Lloyds survey reveals that over half of UK businesses report job creation due to AI, with a quarter actively hiring for AI skills and new technology-specific roles.
Brent tops $90 as US declines to extend ceasefire
Brent crude surpassed $90 per barrel as escalating Iran-US tensions and disruptions in the Strait of Hormuz heightened concerns over global oil supply and shipping routes.
Shankesh Jewellers launches ₹367cr IPO with bidding closing August 20
Shankesh Jewellers' ₹367-crore IPO opens today, offering shares priced between ₹88-93. The issue includes a fresh equity release and an offer-for-sale by promoter shareholders.
Noel Tata to meet RBI over Tata Sons private status
Noel Tata, chairman of Tata Trusts, is set to meet RBI officials this month to address retaining Tata Sons as an unlisted entity amid regulatory requirements.
Indian markets may open nervously as Brent crude hits $90
Brent crude surged to $90 amid escalating US-Iran tensions and supply risks, while rising US bond yields stoked inflation concerns, impacting global market sentiment.
Nasdaq plans nearly 23 hours weekday trading pending regulatory approval
Nasdaq plans to launch an overnight trading session from 9 pm to 4 am ET, extending its trading hours to nearly 23 hours a day, pending regulatory approval.
Prisma Global launches India's 1st AI solutions company bond 200cr
Prisma Global becomes the first Indian AI company to issue bonds, raising Rs 200 crore after strong investor demand oversubscribed its initial Rs 50-crore offering.
Alphabet makes 1st Australian dollar bond issuance aiming A$5 billion
Alphabet Inc. launches its debut Australian dollar bond offering, aiming to raise A$5 billion as the tech giant ramps up funding for its soaring AI investments.
Oil prices reach July highs amid rising Middle East tensions
Oil prices rose amid stalled US-Iran peace talks, with Iran adopting an offensive stance and shipping disruptions through the Strait of Hormuz threatening global energy stability.
Razorpay launches Vulcan India's 1st AI payments model today
Razorpay will launch Vulcan, India’s first transformer-based AI foundation model for payments, on August 18, 2026, designed to enhance payment reliability and fraud detection.
Razorpay launches Vulcan, India's 1st AI payments foundation model
Razorpay unveils Vulcan, India’s first payments foundation model, leveraging AI to enhance payment success rates and combat fraud in the digital payments ecosystem.
Indian government may drop bank guarantees freeing trillions for MSMEs
The Centre is considering replacing performance bank guarantees with credit guarantee schemes, potentially freeing up trillions in working capital for over 74 million Indian MSMEs.
Asian stocks mixed as oil surge draws investor attention
Asian equities showed varied performance on Tuesday, with South Korean shares rising 3% post-holiday, while Brent crude oil prices climbed to $91.15 amid geopolitical tensions.
SEBI tightens mutual fund startup rules in India for transparency
Sebi introduces a single application form for mutual fund registration, requiring detailed disclosures on ownership, financial stability, and governance practices.
Mumbai-based Rezolv raises $12.5 million to expand AI credit services
Rezolv, founded by ex-Kissht cofounders in 2024, raised $12.5 million led by Norwest to enhance AI-driven credit services and expand beyond debt collection solutions.
Payward joins Anthropic's Project Glasswing to deploy Claude Mythos 5
Payward, Kraken's parent company, has joined Anthropic’s Project Glasswing to leverage Claude Mythos 5, an advanced AI model for identifying and fixing software vulnerabilities.
Relay AI workflow tool shuts down while staff join Google
Relay, an AI-powered workflow automation tool launched in 2021, is shutting down. Its founder and key staff are joining Google’s Chrome team to enhance AI integration.
BBC seeks subpoenas in $10B Trump defamation suit, trial 2027
The BBC has asked a US federal court to subpoena Ivanka Trump, Donald Trump Jr., and Jared Kushner for testimony in Donald Trump's $10 billion defamation lawsuit.
Anthropic PBC posts $65bn revenue run rate before possible IPO
Anthropic's revenue run rate has surged past $65 billion, marking a sevenfold increase since last year and strengthening its plans for a public listing this fall.
Paramount Skydance seeks $1.88B bond from 12 states amid merger
Paramount has requested a $1.88 billion bond from 12 states suing to block its $110 billion Warner Bros. merger, citing financial harm from delays and litigation costs.
India's borrowers with 4+ lenders fall to 1.35 million as of end-June 2026
Stricter underwriting practices have reduced overleveraged borrowers to 2%, aiding the sector's recovery from a recent asset quality crisis.
Donald Trump Jr. and Eric Trump support WorldClaw via $1
Eric and Don Jr. Trump promote USD1, a stablecoin linked to a Hong Kong startup enabling access to Chinese AI models despite the administration's anti-China stance.
NVIDIA guarantees up to $105bn for OpenAI Ohio data center
Nvidia has pledged up to $105 billion to support OpenAI's lease of a massive Ohio data centre, aiming to secure long-term infrastructure for AI development and chip demand.
India files WTO challenge to US tariff on quartz products
India has initiated WTO consultations over US tariff-rate quotas on quartz surface imports, marking its fourth recent challenge to American trade measures.
SEBI launches CAS, stock auction prices drift 0.5% to 1%
India's new closing auction session has faced initial challenges, including price divergence and low participation, but aims to enhance market efficiency and transparency.
Juniper Hotels to double luxury rooms to 4,000, invests ₹1,930cr
Juniper Hotels, India’s largest Hyatt-affiliated hotel owner, aims to double its portfolio to 4,000 rooms by 2027, investing ₹1,930 crore across five greenfield projects.
Manipal Health Enterprises to acquire Kinder Women's Hospital for ₹130cr
Manipal Health Enterprises Ltd will acquire Kinder Women’s Hospital and Fertility Centre in Bengaluru for ₹130 crore, adding a 100-bed facility to its growing hospital network.
US 30-year Treasury yield hits 5.29% since 2007 financial crisis
The yield on 30-year US Treasuries surged to 5.29%, the highest since 2007, driven by rising national debt, increased bond sales, and persistent inflation above the Fed's target.
India's CAD rises to $3.1 billion amid West Asia crisis
India's current account deficit rose marginally to $3.1 billion in Q1FY27, driven by a wider merchandise trade gap as imports outpaced exports amid rising oil and commodity prices.
U.S.-listed bitcoin ETFs see $389.7 million outflow, biggest since June
US-listed Bitcoin ETFs saw $389.7 million in weekly outflows by August 10, reversing early August inflows as cautious investor sentiment weighed on the cryptocurrency market.
ICRA pegs India's April-June GDP at 7% amid services slowdown
India's GDP growth is projected to hit a four-quarter low of 7% in April-June 2026, driven by slower services sector expansion and ongoing global economic uncertainties.
Godavari Biorefineries wins European patent for oral cancer composition
Godavari Biorefineries Limited has obtained a European patent for a pharmaceutical composition enhancing solubility and bioavailability of novel anti-cancer compounds.
SEBI rolls out single application form for new mutual funds
SEBI has introduced a single consolidated application form for mutual fund registration, replacing the multi-stage process to streamline approvals and enhance efficiency.
Netweb Technologies launches ₹1,200cr QIP offering around 25.05-25.48L shares
Netweb Technologies has initiated a Qualified Institutional Placement (QIP) to raise ₹1,200 crore, offering shares at an indicative price of ₹4,710–₹4,790 per share.
Micromax's Bhagwati Products to invest ₹1,015cr in India electronics manufacturing
Bhagwati Products, Micromax's manufacturing arm, will invest ₹1,015 crore in display manufacturing and precision moulding under the ECMS initiative.
Gold rebounds to around $4,400 after midyear price crash
Gold rebounded 9% in August to $4,400 an ounce as easing oil prices and softer U.S. inflation renewed institutional and central bank interest following the Iran war-driven selloff.
Groq raises $350 million disruptive-led, planned NVIDIA participation, pivots to AI-infrastructure
Groq secured $350 million, led by Disruptive and Nvidia, as it transitions from AI chipmaking to providing GPU-powered AI infrastructure services globally.
Third Circuit finds Sun Pharma not liable in Lipitor lawsuit
Sun Pharmaceutical Industries secured a favorable verdict from the U.S. appellate court, affirming a 2008 patent settlement with Pfizer over generic Lipitor.
ICICI Bank raises $750 million via 5-year dollar bonds at 5.42%
ICICI Bank secured $750 million through five-year dollar bonds at 105 basis points over US Treasuries, marking its second issuance in a month amid strong institutional demand.
SEBI warns on live trading streams and unregistered advisory chats
SEBI has alerted investors about unregistered live trading sessions on social media, highlighting concerns over misuse of real-time market data and unauthorized investment advice.
MeitY approves ₹7,877cr ECMS projects including Wipro ₹1,033cr increase
The IT Ministry has approved ₹7,877 crore worth of projects under the Electronics Component Manufacturing Scheme to boost domestic production.
ByteDance and Motion Picture Association agree safeguards for copyrighted AI
ByteDance and the Motion Picture Association have agreed to enhance copyright safeguards for AI tools like Seedance, addressing concerns over unauthorized use of protected content.
NVIDIA invests $1.5 billion in SB Energy for OpenAI ports-pike
Nvidia announced a $1.5 billion investment in SB Energy, securing exclusive rights to supply compute infrastructure for OpenAI’s Ports-Pike data center near Cincinnati, Ohio.
Advanced economies' borrowing costs highest since 2008 could prompt hikes
Government bond yields in the US, UK, France, Germany, and Japan surged to their highest levels since the 2008 financial crisis amid inflation fears and geopolitical tensions.
Quant Mutual Fund launches silver ETF and arbitrage FOF
Quant Mutual Fund has introduced the quant Silver ETF and Income Plus Arbitrage Active FOF, offering diversification through silver exposure and a dynamic debt-arbitrage strategy.
Oil prices cross $91 as US-Iran ceasefire ends
Oil prices rose on Tuesday after the end of a fragile US-Iran truce.
SEBI chairman Tuhin Kanta Pandey says cybersecurity top board concern
Sebi Chairman Tuhin Kanta Pandey emphasized that cybersecurity has evolved into a board-level concern and stressed the need for secure, accountable AI deployment.
Mopshop Distribution launches IPO at ₹138 on Aug 19
Mopshop Distribution's Rs 27.26-crore IPO opens on August 19, priced at Rs 138 per share, aiming to fund debt repayment, logistics expansion, and a rooftop solar plant.
Uber Eats teams with Zipline targeting 1 million daily drone deliveries
Uber teams up with Zipline to integrate drones into Uber Eats, aiming for one million daily deliveries by 2029 and five-to-10-minute order fulfillment in key markets.
Sunshine Pictures allocates 2,351,140 shares at ₹360 raising ₹84.64cr
Sunshine Pictures raised ₹84.64 crore from nine anchor investors ahead of its IPO launch, allocating 2,351,140 equity shares at ₹360 per share on 17 August 2026.
SAS restarts Mumbai Copenhagen flights Oct 1 2026 226-seat A330
Scandinavian Airlines (SAS) will launch non-stop flights between Copenhagen and Mumbai from October 1, marking its return to India after a 17-year hiatus.
Meet Shabnam Sinha, World Bank-veteran named Airtel Payments Bank chief
Airtel Payments Bank has announced a major leadership change, with Shabnam Sinha set to take over as chairperson from October 1, 2026.
Festive season to generate 2.7L temporary, gig jobs in India
India's upcoming festive season is set to generate between 2.5 lakh and 2.7 lakh temporary and gig jobs, a report by Adecco India has said.
Jio Prime membership relaunched in India: What are the benefits?
Reliance Jio has relaunched its popular Jio Prime membership in India, but with a new focus.
India's unemployment hits 4-month low of 5.1% in July
India's unemployment rate has dropped to a four-month low of 5.1% in July, according to the latest Periodic Labour Force Survey (PLFS) data released by the Ministry of Statistics and Programme Implementation.
Sugar prices rise, making mills favor sugar over ethanol
A surge in sugar prices has led Indian mills to prioritize sugar production over ethanol, as per their quarterly earnings calls earlier this month.
CAS here to stay, SEBI says as it reviews concerns
The Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey has said that the Closing Auction Session (CAS) is here to stay.
Airlines not following fare rules could be grounded: Supreme Court
The Supreme Court has warned that airlines not complying with the Indian government's fare directions could be grounded.
SpiceJet just settled a ₹60cr payment dispute with aircraft lessor
SpiceJet has settled a payment dispute of around ₹60 crore with aircraft lessor Aviator ML.
This Temasek-backed renewable energy company plans $500M IPO in India
Temasek Holdings-backed renewable energy firm, Sembcorp Industries is gearing up to file for an initial public offering (IPO) of its Indian subsidiary, Sembcorp Green Infra Ltd.
China's economy loses momentum as industrial output slows
China's economic recovery appears to be losing momentum in July, with industrial output growth slowing and retail sales rising less than expected.
Gold might hit $4,600 mark by end of August
Gold and silver prices could continue their upward trend as a weaker US dollar and a more dovish Federal Reserve are expected to boost demand for these precious metals.
BSE shares down nearly 5% today: Here we decode why
Shares of BSE Ltd fell by nearly 5% today, hitting a day's low of ₹3,296 on the NSE.
High-powered banking committee for 'Viksit Bharat' on the way: Sitharaman
Finance Minister Nirmala Sitharaman said the government is expected to announce a high-powered committee on banking for 'Viksit Bharat.'
US to become India's largest LPG supplier, says OPEC
The United States is poised to become India's largest liquefied petroleum gas (LPG) supplier, overtaking the Middle East Gulf (MEG).
SHEIN targets $25B IPO valuation, down from $100B
SHEIN, the Singapore-headquartered online fast-fashion retailer known for its affordable clothing, is planning to launch its long-awaited initial public offering (IPO) later this week.
Nestle plans new products tailored for weight-loss drug users
Nestle is developing new products specifically for users of GLP-1 weight-loss drugs, such as Ozempic and Wegovy.
India's life insurance coverage grows, but low-value policies still dominate
India's life insurance policy landscape has evolved over the last five years, with a noticeable shift toward higher sum assured categories.
Indian government bonds see decline today: What's the reason?
The demand for Indian government bonds witnessed a decline today, following the Reserve Bank of India's (RBI) unexpected early closure of its concessional swap window for foreign-currency deposits.
KFC denies serving stale chicken at outlet in Karnataka
KFC has responded to allegations of serving stale chicken at its Mangaluru outlet.
RBI proposes guidelines for floating-rate loans: How they affect you?
The Reserve Bank of India (RBI) has proposed a new set of guidelines to protect borrowers with floating-rate loans from changes in interest rate benchmarks.
How Reliance-Rolls-Royce pact could transform India's defence sector over 15-years
Reliance Industries and British aerospace giant Rolls-Royce have teamed up to develop an indigenous combat aircraft engine for India's Advanced Medium Combat Aircraft (AMCA) program.
RBI closing special foreign currency deposit window on August 31
The Reserve Bank of India (RBI) has advanced the closure date for its special Foreign Currency Non-Resident (Bank) [FCNR(B)] deposit scheme.
Gold rises toward $4,400 as US rate hike fears ease
Gold prices witnessed a slight increase on Monday, thanks to a weaker dollar and new economic data from the US.
India's quick commerce market crosses 9M daily orders
India's quick commerce industry has hit a major milestone, crossing nine million daily orders.
India plans ₹10,000cr waterway network to boost logistics
India is gearing up to expand its inland waterways network with a massive investment of over ₹10,000 crore, as per a Mint report.
OpenAI disbands team assessing AI model risks
OpenAI has disbanded its preparedness team, a group that assessed the risk levels of its artificial intelligence (AI) models.
Alibaba sells gaming unit to focus on AI, cloud computing
Alibaba Group Holding Ltd. has agreed to sell its gaming division, Lingxi Games, in a deal worth at least $1.5 billion. The buyer is Asian private equity firm Trustar Capital.
Dhoot Transmission shares debut at 38% premium over IPO price
Dhoot Transmission made a strong debut on the stock market today.
Stripe to acquire AI start-up OpenRouter for $7B
Stripe, the leading payment processor, has finalized an agreement to acquire OpenRouter, a start-up specializing in artificial intelligence (AI) model switching, according to Bloomberg.
Oil nears $90 as US-Iran peace talks stall
Oil prices rose in early Asian trading on Monday, with Brent crude futures increasing to nearly $90 per barrel.
Shiprocket IPO allotment today: How to check status online
Shiprocket, a leading e-commerce enablement platform, is set to finalize its IPO allotment today.
Amber to manufacture OPPO, OnePlus, and Realme smartphones
Amber Enterprises India, a leading electronics manufacturing services company, expects to start manufacturing smartphones for Chinese brands OPPO, OnePlus, and Realme from the March 2027 quarter.
7 companies set to launch IPOs next week
The primary market is gearing up for a busy week with seven companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, planning to raise over ₹6,400 crore through initial public offerings (IPOs).
'Self-serving, disgusting': Why Flipkart's 'Freedom Sale' ad is facing backlash
E-commerce giant Flipkart is facing severe criticism over its latest advertisement for the "Freedom Sale."
This SRK-backed company wants to raise ₹660cr via IPO
Purple Style Labs, the parent company of Pernia's Pop-Up Shop and backed by Shah Rukh Khan and Sachin Tendulkar, is gearing up to launch a ₹660 crore initial public offering (IPO) by the end of August.
How Modi government plans to protect India from LPG shortage
In a major policy shift, the Indian government has set refinery- and company-specific maximum LPG production levels for the first time.
AI fires human employee for being late
In a first-of-its-kind incident, an artificial intelligence (AI) system has fired a human employee from a retail store in San Francisco.
Project Insight-2.0 debuts on January 27: How it helps taxpayers?
The Finance Ministry is gearing up to launch Project Insight 2.0, on January 27, 2028.
This billionaire hedge fund manager might lose $6.2B in divorce
Billionaire hedge fund manager John Overdeck is embroiled in a multi-billion dollar divorce battle with his wife, Laura.
Why Meta is staring at potential $200B penalty in US
A coalition of US states is seeking around $200 billion in damages from Meta.
Can India be a $20T economy by 2036?
India has the potential to become a $20 trillion economy by 2036, according to a report by Equirus.
Market cap of India's top 5 companies down ₹1L crore
The combined market capitalization of five out of India's top 10 most valued companies fell by a whopping ₹1 lakh crore last week.
Global AI investment to hit $1 trillion: Goldman Sachs
Goldman Sachs Research has predicted that global investment in artificial intelligence (AI) will reach around $1 trillion by 2026.
FPIs invest ₹16,621cr in Indian equities in August
Foreign portfolio investors (FPIs) have invested ₹16,621 crore in Indian equities during the first half of August.
Indian-origin CEO who fired 900 employees over Zoom loses job
Vishal Garg, the Indian-origin CEO of Better Home & Finance, has been ousted from his position.
Anthropic CEO's wife pitched 'luxury porn' business to Jeffrey Epstein
Cami Clark, the entrepreneur and wife of Anthropic CEO Dario Amodei, is under renewed scrutiny over her past business dealings with convicted child sex offender Jeffrey Epstein.
Anthropic is eyeing $190-$200B revenue by 2028: Report
Anthropic, a leading artificial intelligence (AI) company, is forecasting a staggering revenue of $190-200 billion by 2028.
Modi government reduces windfall tax on diesel, ATF exports
The Indian government has announced a reduction in the windfall tax on diesel as well as aviation turbine fuel (ATF) exports.
Google parent is now Berkshire Hathaway's 3rd largest investment
Warren Buffett's Berkshire Hathaway has increased its stake in Alphabet, the parent company of Google, by a staggering 83% in the second quarter.
Why AGM of Tata Sons is in doubt
The annual general meeting (AGM) of Tata Sons, the holding company of the Tata Group, is in jeopardy.
Modi government launches special disclosure scheme for foreign assets, income
The Indian government has launched a special disclosure scheme for taxpayers to declare specific foreign assets and undisclosed income.
Modi wants 50 Indian firms in Fortune 500 by 2036
On Independence Day, Prime Minister Narendra Modi challenged Indian businesses to aim for global leadership in sectors like banking, pharmaceuticals, consulting, and technology.
US: Customers can't file class-action lawsuits against Amazon anymore
Amazon has reintroduced binding arbitration for its US customers, effectively barring them from filing class-action lawsuits.
Stripe and Advent International in talks to acquire PayPal
PayPal, the leading digital payments company, is said to be in talks with a consortium of investors, including Stripe and private equity firm Advent International for a sale.
Race to succeed Natarajan Chandrasekaran as Tata Sons chairman begins
The race to succeed Natarajan Chandrasekaran as the chairman of Tata Sons has begun, with a mix of senior executives and family members in the fray.
Musk's pay 2.5M times higher than average Tesla worker's
A report by the AFL-CIO, America's largest labor union federation, has revealed that Elon Musk's compensation at Tesla in 2025 was an astounding 2.5 million times more than that of an average employee at the company.