Business News
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US economy grows 1.5% in Q2 on consumer, business spending
The US economy grew at an unrevised 1.5% pace in Q2, with consumer spending rising 3.4% and business investment climbing 8.5%, both stronger than initial estimates.
India's largest broker Zerodha posts ₹4,283cr FY26 profit, MTF aids
Zerodha achieved a net profit of Rs 4,283 crore in FY26, a modest 1.2% increase from the previous fiscal, while its revenue remained largely unchanged.
India and Morocco agree to pursue $8 billion trade target
India and Morocco aim to double bilateral trade within five years by exploring a preferential trade agreement and enhancing cooperation across key economic sectors.
Jio Financial Services partners Bank of America, BlackRock and Allianz
Jio Financial Services is leveraging partnerships with global giants like Bank of America, BlackRock, and Allianz to scale its ecosystem across lending, investments, and insurance.
US inflation remains 3.7% in July, PCE flat from June
U.S. inflation remained unchanged at 3.7% in July, exceeding the Federal Reserve's 2% target and intensifying debates over potential interest rate adjustments.
Canada retaliates with tariffs on $20 billion of US goods
Canada's new tariffs on U.S. goods, including a 25% duty on toilet paper, highlight escalating trade tensions that could disrupt supply chains and potentially raise consumer costs.
Meta settles up to $16.68 billion over child safety claims
Meta Platforms will pay up to $16.68 billion to resolve claims by 29 states, alleging Facebook and Instagram's designs fostered addiction in children and misled users about safety.
US stock futures barely move as PCE and NVIDIA loom
US stock futures showed minimal movement as investors awaited the July PCE inflation data and Nvidia’s earnings, both crucial for shaping market and interest rate expectations.
Supreme Court quashes Tata Steel's 890.52cr GST bill, 1,781cr penalty
The Supreme Court quashed a ₹890.52 crore tax demand and penalty against Tata Steel, offering relief in a long-standing input tax credit dispute under the GST framework.
Wall Street slips as NVIDIA earnings and PCE inflation loom
US stock futures slipped slightly as investors awaited Nvidia's earnings and the PCE Price Index release, with S&P 500 and Nasdaq-100 futures down marginally on cautious sentiment.
Piyush Goyal says Japan invested over ₹1L cr in India
Japan has invested over ₹1 lakh crore, 15% of its ₹7 lakh crore target for India, as Minister Piyush Goyal urges more Japanese SMEs to explore opportunities.
Leopold Aschenbrenner's $45 billion situational awareness fund crashed last month
Leopold Aschenbrenner, a young tech visionary, built a $45 billion hedge fund with bold AI predictions before its dramatic collapse revealed industry hubris.
Bitwise launches ATPs for non-US investors via Coinbase and Glider
Bitwise has introduced Automated Token Portfolios (ATPs) using Coinbase tokenised US stocks, offering non-US investors self-custody and rebalancing with a 0.15% methodology fee.
AI speeds junior engineers' promotions and responsibilities at Meesho
With 70% of Meesho’s code now AI-generated, senior engineers are shifting focus to system design and solving complex scalability challenges, says Kiran Katreddi.
SBI to cross ₹10L/cr home loans, says CS Setty
SBI Chairman CS Setty revealed the bank's mortgage portfolio is poised to surpass ₹10 lakh crore this quarter, driven by strong demand and a 28% market share.
Piyush Goyal pitches Japan India deeptech capital corridor for startups
Commerce Minister Piyush Goyal has proposed an India-Japan "deeptech capital corridor" to channel Japanese long-term capital into Indian startups, fostering innovation and growth.
Indian startup Runable raises $21 million for small business AI platform
Indian startup Runable has raised $21 million in Series A funding to enhance its AI agent, shifting focus from building businesses to driving customer acquisition and growth.
India job postings rose 1.2% in July 2026, tech declines
Tech hiring in India is cooling off, with software roles declining, while non-tech jobs increasingly require AI expertise, as 42% of AI-related roles now span non-tech industries.
Rupee rises 26 paise to ₹95.44 per US dollar
The Indian rupee strengthened by 26 paise to close at 95.44 against the US dollar, supported by positive domestic markets, a weaker dollar, and declining crude oil prices.
BEL secures ₹730 cr orders including EVMs and medical electronics
Bharat Electronics Ltd (BEL) has secured ₹730 crore in new orders spanning defence and non-defence sectors, including radars, avionics, cyber security, and medical electronics.
Jio Financial Services to roll out AI CFO, membership rewards
Jio Financial Services plans to launch an AI-powered "personal CFO" and a membership program, aiming to expand its financial services while leveraging its digital network.
Octave Intelligence opens technology and innovation centre in HITEC City
US-based Octave Intelligence opens a 2 lakh sq ft Technology and Innovation Centre in Hyderabad, aiming to scale operations with 2,000 engineers for advanced tech capabilities.
Qatar's LNG exports are down 96%. Reason? US-Iran war
The ongoing US-Iran conflict has taken a heavy toll on Qatar's economy, one of the world's top liquefied natural gas (LNG) exporters.
Flipkart Minutes overtakes Instamart's dark-store count in top 10 cities
Flipkart's quick commerce service, Minutes, has outpaced Swiggy's Instamart in terms of dark-store count and pincode coverage across India's top 10 cities.
Airbnb not a lucrative earning source for Indians anymore
Airbnb, once a lucrative platform for Indian homeowners to earn extra income, is witnessing a shift in its dynamics.
Volkswagen CEO booed by workers over mass layoffs, factory closures
Volkswagen's CEO Oliver Blume was met with boos and whistles at the company's headquarters.
Why flights in India are unlikely to become cheaper
Airfares in India and the Asia-Pacific region are likely to remain high, even with a decline in jet fuel prices.
Forget SpaceX, Anthropic sees more than $30T in potential revenue
Artificial intelligence (AI) company Anthropic is gearing up for its initial public offering (IPO) by pitching a whopping total addressable market (TAM) of over $30 trillion, as per the Wall Street Journal.
DeepSeek nears $74B valuation in new funding round before IPO
Chinese artificial intelligence (AI) start-up DeepSeek is close to completing a new funding round.
Meta pauses Project OT AI layoffs after employees push back
Meta CEO Mark Zuckerberg envisioned an AI-driven overhaul to replace staff, but employee backlash and underperforming AI tools derailed the ambitious plan.
India's engineering exports rise 18% to $12.24 billion in July
India’s engineering goods exports rose 18% year-on-year to $12.24 billion in July 2026, driven by strong demand from key markets like the US and China.
Piyush Goyal unveils Japan's $75 billion investment plan for India
Commerce Minister Piyush Goyal announced that Japan's ¥10 trillion investment target for India has begun strongly, with significant investments materializing in recent months.
Sensex falls 183 points as Nifty drops to 24,207.75
The Sensex fell 183 points to 77,472.94, while the Nifty 50 declined 127 points to 24,207.75 as investors booked profits ahead of US inflation data.
Air India, Drukair sign deal to boost India-Bhutan connectivity
Air India and Drukair-Royal Bhutan Airlines have announced an interline partnership to improve travel connectivity between India, Bhutan, and other international destinations.
India records $30.7 billion FDI in April-June 2026 quarter
India recorded $30.7 billion in gross foreign direct investment during April-June 2026, marking the highest quarterly inflow in 15 years, driven by strong global investor interest.
Disney rolls out voluntary early retirement offer for senior leaders
Disney has introduced a Voluntary Early Retirement Offer (VERO) for senior executives, providing enhanced benefits as part of its broader cost-cutting and restructuring efforts.
Palantir CEO Alex Karp urges 'AI sovereignty' amid boot camp
Palantir CEO Alex Karp advocates for businesses owning their AI tools and data, emphasizing sovereignty over reliance on major labs like OpenAI or Google DeepMind.
Saudi Arabia waives fees on futures for top 30 companies
Saudi Arabia has reduced fees for index futures trading, aiming to attract investors and boost liquidity as part of broader efforts to expand its capital markets.
Adani Group's Cemindia to raise ₹5000cr via share sale
Adani Group-backed Cemindia Projects plans to raise up to Rs 5,000 crore through a qualified institutional placement, with ICICI Securities and SBI Capital Markets advising.
Crisil Ratings: Indian companies doubling M&A pace since fiscal 2017
Indian firms are increasingly leveraging mergers and acquisitions to accelerate growth, gain technology, and acquire talent, with annual deal volumes doubling since fiscal 2017.
Flipkart Minutes edges past Swiggy Instamart in top-10 quick-commerce cities
Flipkart Minutes now operates 627 dark stores across India's top 10 quick-commerce cities, edging past Swiggy Instamart's 615, according to a CLSA report.
CG Power targets 70% G2 utilization and potential $500 million revenue
CG Power aims to achieve 70% utilisation at its semiconductor packaging facility in four years, targeting $500 million in annual revenue, driven by advanced chip packaging demand.
Nirmala Sitharaman tours North America as Piyush Goyal courts investors
India's Finance Minister Nirmala Sitharaman is touring Canada and the US to attract global investors, as foreign capital outflows challenge the nation's economic momentum.
Japan to roll out blockchain trade settlement by early 2030s
Japan plans to launch a blockchain-based settlement system for stocks and bonds by the early 2030s, aiming to modernize financial infrastructure and enhance transaction efficiency.
AI stocks climb up to 3.5% ahead of NVIDIA earnings
Shares of AI-related firms, including E2E Networks and Black Box, rose up to 3.5% on August 26 as investors anticipated Nvidia's Q2 earnings and insights into AI spending trends.
Indeed reports India's job market up 1.2% in July 2026
India's job postings rose 1.2% in July, ending a three-month decline, with healthcare roles leading growth and AI increasingly influencing job descriptions across various sectors.
STOXX 600 ticks up as oil falls and yields ease
European shares gained slightly as falling oil prices eased bond yields, while investors awaited Nvidia’s earnings and U.S. inflation data for insights on market trends.
L&T partners with FAYAT to sell BOMAG machines across India
Larsen & Toubro has teamed up with France's FAYAT Road Equipment to market BOMAG’s advanced road construction machinery in India, including after-sales services and spare parts.
Nikhil Nigania: AI adds 0.5% to India power growth
India's AI-driven data centers could raise annual power demand growth from 5.5% to 6%, Bernstein reports, highlighting renewable energy and infrastructure advantages.
Lupin wins US ruling against Vertex Pharmaceuticals over Kalydeco patents
Lupin Ltd. secured a legal win as a federal judge ruled its generic version of Vertex Pharmaceuticals' cystic fibrosis drug Kalydeco doesn’t infringe four disputed patents.
Gabriel India invests ₹935cr with HL Klemove in ADAS venture
Gabriel India has entered a joint venture with South Korea's HL Klemove, investing ₹935 crore to expand into autonomous driving solutions and advanced automotive electronics.
Mint poll: India's GDP likely 7.4% in April-June FY27
India's GDP growth likely hit a four-quarter low of 7.4% in April-June, impacted by the West Asia war and higher inflation, according to a *Mint* poll of economists.
Zoom forecasts 3rd-quarter profit and revenue that miss estimates
Zoom Communications predicts third-quarter adjusted profit below analysts' estimates, highlighting competitive pressures despite efforts to enhance services with AI tools.
Deloitte to pay $21.5 million after DOJ alleged race-sex hiring bias
Deloitte settled a $21.5 million case with the DOJ over alleged discriminatory DEI practices, denying wrongdoing but resolving to avoid prolonged litigation.
TeamLease Digital: India retail GCCs AI roles more than doubled
AI workforce penetration in India's Retail GCCs doubled to 4.8% by 2025, but senior AI professionals remain scarce, with only 320 having eight-plus years of experience.
Microsoft CEO Satya Nadella gets $96.5 million for fiscal 2025
Microsoft CEO Satya Nadella's $96.5 million fiscal 2025 pay package underscores the company's commitment to AI, Azure, and cloud growth as key drivers of its long-term strategy.
Anthropic reportedly eyes $2 trillion IPO while Dario Amodei warns
Anthropic, creator of AI Claude, is eyeing a $2 trillion IPO, potentially making hundreds of its 2,500 employees millionaires while raising concerns about mission-driven focus.
Bengaluru-based Superhealth in talks to raise $10 million from Ronnie Screwvala
Bengaluru-based healthcare startup Superhealth is in advanced discussions to secure $10 million from entrepreneur-investor Ronnie Screwvala, valuing the company at $100 million.
boAt posts 38% fiscal 2026 profit to ₹84.5Cr wearables profitable
boAt reported a 38% rise in net profit to ₹84.5 crore in FY26, driven by profitability in wearables and strong growth across newer categories and international markets.
Vi, BSNL agree on nationwide network sharing: Report
Vodafone Idea and Bharat Sanchar Nigam Limited (BSNL) have reached an agreement to expand network sharing across all telecom circles, CNBC Awaaz reported.
SRK-backed Pernia's Pop-Up is going public: All about the IPO
Purple Style Labs, the parent company of luxury fashion platform Pernia's Pop-Up Shop, has announced the price band for its initial public offering (IPO).
Vodafone Idea and BSNL agree to mutual nationwide network access
Vodafone Idea and BSNL are reportedly finalizing a network-sharing agreement, enabling mutual access to telecom infrastructure across all service areas, sources reveal.
Air India and Drukair announce single-ticket travel with baggage transfers
Air India and Drukair have launched an interline partnership, enabling single-ticket bookings and improved connectivity between India, Bhutan, and global destinations.
India imports 1 million tons as sugar prices surge 40%
India, the world's second-largest sugar producer, is importing 1 million tonnes due to production shortfalls caused by erratic weather and rising domestic demand.
Gold slips 0.3% to $4,644.49 in Singapore after 5-day rally
Gold prices eased to $4,644.49 an ounce after a five-day rally, as investors shift focus to the Federal Reserve's interest-rate outlook ahead of the Jackson Hole symposium.
Microsoft CEO Satya Nadella earns $96.5 million in fiscal 2025
Microsoft CEO Satya Nadella earned $96.5 million (around Rs 919 crore) in fiscal 2025, with over 95% of his pay tied to performance-based incentives and stock awards.
IMF's Kristalina Georgieva flags economy split by energy and AI
The global economy faces a dual challenge, balancing the energy shock from the Strait of Hormuz closure with growth driven by an AI investment boom, says IMF chief Georgieva.
ICICI Prudential launches 3 lifecycle funds automatically shifting toward debt
ICICI Prudential Mutual Fund introduces three open-ended life cycle funds with glide-path strategies, offering 5, 10, and 15-year investment horizons.
Purple Style Labs IPO priced ₹546-₹575 aims to raise ₹680cr
Purple Style Labs has set its IPO price band at ₹546-₹575 per share, with subscription open from 31 August to 2 September. The issue size totals ₹680 crore.
Indian oil firms dial down Russian imports, seek new suppliers
Indian refiners are cutting Russian crude imports due to disrupted supply routes, turning to West Africa, the Americas, and Persian Gulf suppliers to meet rising domestic demand.
HAL, Safran Helicopter Engines to build Aravalli engine via SAFHAL
HAL and Safran Helicopter Engines have signed a contract to co-develop the 3,500-4,000 shp Aravalli engine, set to power India's next-generation military and naval helicopters.
China and Hong Kong stocks rally after US tech gains
Chinese and Hong Kong stocks climbed on Wednesday, driven by a global market rebound and renewed investor interest in technology and AI supply-chain companies.
SoftBank eyes up to $20B bonds for $40B OpenAI loan
SoftBank Group is exploring a $10-$20 billion bond offering to refinance a $40 billion loan tied to its $65 billion investment in US tech giant OpenAI.
August Energy and Energeia launch $100 million India energy efficiency platform
August Energy and Energeia have joined forces to establish a $100 million platform, August Energeia, aimed at decarbonising India's industrial and commercial sectors.
India's Digital Personal Data Protection Rules 2025 challenge AI-using MSMEs
Many MSMEs adopt AI tools for operations without fully grasping associated data privacy risks, says PrivaSapien CEO Abilash Soundararajan, urging proactive safeguards.
Hero MotoCorp commits ₹959.99cr to Ather Energy via convertible warrants
Hero MotoCorp has pledged ₹959.99 crore to Ather Energy through convertible warrants, ensuring strategic capital flexibility while expanding its electric two-wheeler footprint.
Cardano's 36% August surge outpaces Bitcoin's rise to $80,000
Cardano emerged as the best-performing cryptocurrency in August with a 36% gain, while Bitcoin reclaimed the $80,000 level amid strong institutional demand and regulatory optimism.
Piyush Goyal pitches 'Shark Tank' platform linking India Japan startups
Commerce Minister Piyush Goyal proposed a 'Shark Tank'-style pitching series to connect Indian and Japanese startups with investors, fostering deeper economic and business ties.
Hexaware CEO says AI could lower routine IT service costs
AI's efficiency gains could reduce routine IT project costs by up to 25%, Hexaware CEO Srikrishna Ramakarthikeyan revealed, reshaping India's outsourcing industry.
India asks Apple to increase local component production before assembly
India is urging Apple to strengthen its local component ecosystem for exports and domestic use before expanding into assembling products like iPads, MacBooks, and Apple Watches.
Bitcoin slips about 1% to $79,000 as traders lock profits
Bitcoin dipped nearly 1% to $79,000 after a 23% weekly rally, while major cryptocurrencies like ether and solana also declined as traders locked in profits.
Gaja Alternative Asset Management shares open 16% above issue price
Gaja Alternative Asset Management shares debuted at a 16% premium on NSE and BSE, listing at ₹185.20 and ₹185 respectively, against the IPO issue price of ₹160.
Bengaluru startup Ringg AI raises $10 million Series A
Bengaluru-based AI startup Ringg has raised $10 million in an extended Series A round led by Peak XV Partners, bringing its total Series A funding to $15.5 million.
South Korea's KOSPI up 0.44% as investors await NVIDIA earnings
South Korean shares gained 0.44% as semiconductor stocks led the rally, with investors globally eyeing Nvidia’s results for insights into AI chip demand and market trends.
Huawei and HP sign multi-year Wi-Fi 7 patent sharing agreement
China's Huawei and US-based HP have entered a multi-year cross-licence agreement, covering patents for Wi-Fi technology, including the advanced Wi-Fi 7 standard.
Sensex up 321 to 77,970 and Nifty 50 hits 24,377
Indian stock markets surged on Wednesday as Sensex rose over 300 points and Nifty crossed 24,350, driven by falling oil prices and optimism around the Strait of Hormuz reopening.
Gradiant targets $1B revenue in 2-3 years from water recycling
Gradiant plans to nearly double its revenue to $1 billion within three years, driven by AI-led data centre expansion and growth in semiconductor and renewable energy sectors.
India posts over 10L cards monthly and ₹2L/cr average spend
India issued over a million new credit cards each month since May, with July seeing 1.27 million additions, reflecting growing issuer confidence and customer engagement.
NSE and BSE open Wednesday on Eid-e-Milad with deferred settlement
The Indian stock market remains open for trading on August 26, but clearing and settlement processes are paused due to the settlement holiday for Eid-e-Milad.
Asian stocks volatile as Brent falls after Iran Oman talks
Asian stocks wavered as investors awaited Nvidia's earnings, while Brent crude fell over 2% to $86.41 per barrel amid optimism about the Strait of Hormuz reopening.
Volkswagen CEO Oliver Blume faces backlash over 50,000 job cuts
Volkswagen CEO Oliver Blume faces mounting resistance from labour and state stakeholders over his proposal for 50,000 job cuts and potential plant closures to address rising costs.
Brent $86 US WTI $80.42 fall amid Middle East tensions
Crude oil prices plunged nearly 6% over two days, with Brent crude hovering near $85 as renewed talks between Iran and Oman on the Strait of Hormuz eased supply concerns.
Bombay High Court orders rehearing in Volkswagen $1.4bn tax dispute
The Bombay High Court will re-hear Volkswagen's challenge to a $1.4 billion tax demand after the previous panel failed to deliver a verdict within the stipulated timeframe.
AM Intelligence orders 9,000 NVIDIA Vera Rubin chips in Asia
AMI orders 9,000 Nvidia Vera Rubin chips for advanced AI infrastructure. Groww prioritizes tech, AI, and wealth management to drive growth post-listing.
Gold steady at $4,654.17 as markets await PCE inflation data
Gold prices remained steady as investors awaited U.S. inflation data for insights into Federal Reserve rate decisions, with market focus on a potential pause in hikes next month.
Indian rupee gains 33 paise to 95.41 per US dollar
The Indian rupee appreciated by 33 paise to close at 95.41 on Tuesday, driven by falling oil prices and dollar sales by the Reserve Bank of India.
Axis Bank to raise $700 million via RBI ECB swap
Axis Bank is raising $700 million via a dual-tranche loan under RBI's ECB swap facility, with funding led by CTBC Bank, United Overseas Bank, and IFC.
Generalist hits $3 billion valuation after nearly $200 million Series B
Generalist, founded in 2024, has reached a $3 billion valuation after raising nearly $200 million in additional capital led by 8VC, sources revealed.
Indian Railways plans DPM and HAM under ₹2.62L cr NMP
Indian Railways plans to introduce Development Partner and Hybrid Annuity Models under NMP 2.0, aiming to attract private capital for a ₹2.62 trillion asset monetization pipeline.
Indian IT firms invest $1.1 billion in US tech workforce
Indian IT companies invested $1.1 billion in the US over five years, boosting local STEM talent and reducing reliance on H-1B visas, Nasscom revealed.
US state banking associations form BankChain Alliance to modernize banking
Thirty-nine state banking associations aim to launch the "BankChain Alliance" blockchain network by 2027, fostering innovations like tokenized deposits and stablecoins.
OpenAI data centers chief Chris Malone exits amid leadership shakeup
Chris Malone, OpenAI's head of data centers, has left the company amid ongoing leadership changes. His exit follows several recent high-profile departures.
Dipesh Shah: GIFT City aims to close gaps for deals
GIFT City is focusing on reforms to attract India-related cross-border financial activities, aiming to address gaps in products, expertise, and regulations.
ONGC to invest $200 million in San Cristobal after US approval
ONGC plans to invest $200 million in Venezuela's San Cristobal oilfield to boost production from 4,000-5,000 barrels per day to its peak of 45,000-50,000 barrels.
ITAT scraps ₹11,003cr tax disallowance against Reliance Jio for 2019-20
The Income Tax Appellate Tribunal overturned a ₹11,003-crore tax disallowance on Reliance Jio, ruling operational expenses capitalised in books can qualify as revenue expenditure.
Stability AI raises $76 million, bringing total to $232 million in funding
Stability AI, creator of Stable Diffusion, raised $76 million in Series B funding, bringing its total to $232 million. Investors include Universal Music Group, Sony Music, and EA.
Egg prices roughly 40% higher as maize diverted to ethanol
Rising maize diversion to ethanol production has driven poultry feed costs up, causing a 35-40% surge in egg prices over the past year, with further increases anticipated.
Leaked spreadsheet reveals Microsoft compensation details for nearly 600 employees
A leaked spreadsheet reveals Microsoft employees earn six-figure salaries, with AI and cloud roles receiving the highest pay and stock awards.
Luxembourg iPC proposes ₹83,480cr Bengaluru-Tumakuru hydrogen and data platform
Luxembourg-based iPC plans to invest ₹83,480 crore in Karnataka across three phases, focusing on green hydrogen and hyperscale data centres with a combined IT load of 2,250 MW.
British Virgin Islands pitches BVI-India investment corridor in New Delhi
The British Virgin Islands aims to establish a BVI-India investment corridor, enhancing cross-border cooperation in fintech, legal services, and global capital access.
SpaceX to invest $100 billion in Vermillion Parish Starship facility
SpaceX plans to invest $100 billion in a Starship facility in Vermillion Parish, Louisiana, creating over 3,000 jobs and enabling thousands of Starship flights annually by 2029.
India rolls out Mines and Minerals (Development) Act, 2026
The Mines and Minerals Act, 2026, standardizes mining taxation across India, addressing retrospective levies and ensuring financial predictability for the mining sector.
Oil prices fall as Iran and Oman discuss Hormuz navigation
Oil prices fell as renewed diplomatic efforts eased fears of escalating conflict in Iran, with Brent crude dropping below $89 amid discussions on Strait of Hormuz navigation.
Government eyes more PSU stake sales after Hindustan Copper OFS
The Centre plans further stake sales in state-owned firms after Hindustan Copper's oversubscribed OFS, aiming to achieve its ₹80,000 crore FY27 disinvestment target.
Dells pledge $750 million to build UT Austin AI medical campus
Michael Dell began his tech empire in a UT Austin dorm room in 1984; now, he and his wife Susan are donating $750 million to establish an AI-driven medical campus.
Anthropic pegs over $30 trillion TAM ahead of IPO
Anthropic plans to pitch a total addressable market exceeding $30 trillion, surpassing SpaceX's record, as it prepares for its IPO and projects $200 billion in 2028 revenue.
Kris Gopalakrishnan says India set to become global R&D destination
India is emerging as the global hub for Research and Development services, said Infosys Co-Founder Kris Gopalakrishnan during a Foundation Day address in Coimbatore.
Study finds executives report no AI job or productivity gains
Despite massive investments in AI tools, 90% of executives report no productivity gains, yet layoffs continue as companies double down on the technology amid mounting skepticism.
Canada imposes 15%-50% tariffs on US imports after US duties
Canada announced retaliatory tariffs of 15-50% on U.S. imports, targeting steel, dairy, and electronics, following President Trump's imposition of 50% duties on Canadian products.
Indians sent $2.5 billion abroad under LRS in June 2026
Indians' overseas investments hit record highs in June, driving a 20% y-o-y rise in remittances under the Liberalised Remittance Scheme to $2.5 billion.
Lumino Industries secures nearly ₹207cr from anchors before IPO opening
Lumino Industries raised Rs 206.99 crore from anchor investors ahead of its Rs 700 crore IPO, set to open for public subscription on August 27, 2026.
US sanctions unlikely to disrupt India's essential exports to Iran
India's exports to Iran, dominated by basmati rice and pharmaceuticals, remain stable despite stricter US sanctions, supported by alternative payment networks and steady demand.
Shivaami opens India's 1st Gemini Enterprise Experience Centre in Mumbai
Shivaami unveils India’s first Gemini Enterprise Experience Centre in Mumbai, offering immersive exploration of Google Cloud and AI-driven solutions.
NRI deposits to Indian banks dropped 22% to $2.8bn
NRI deposit inflows dropped 22% y-o-y to $2.8 billion in Q1 FY27, driven by a sharp fall in rupee-denominated NRE balances despite a surge in FCNR(B) deposits.
Piyush Goyal in Tokyo: India secures $200B data center commitments
Commerce Minister Piyush Goyal highlights India's appeal as a data center destination, citing $200 billion global hyperscaler commitments and tax incentives till 2047.
Augmont Enterprises IPO oversubscribed nearly 106 times amid broad demand
Augmont Enterprises' ₹825-crore IPO was oversubscribed 105.78 times, with institutional investors leading the charge, as their portion alone was subscribed 226.96 times.
Why SoftBank is planning bond sale of up to $20B
SoftBank Group is in talks with investment banks over a possible bond sale of $10 billion to $20 billion.
Deloitte paying $21.5M to settle investigation into hiring practices
Deloitte, a leading accounting firm, has agreed to pay $21.5 million to settle a US Department of Justice (DOJ) investigation into its diversity and inclusion practices.
Why TikTok parent ByteDance has been fined $30M in Brazil
Brazil's data protection authority has slapped a hefty fine of nearly $30 million on ByteDance, the parent company of TikTok.
Modi government wants Apple to build component ecosystem in India
India is pushing Apple and its suppliers to set up a local component ecosystem for domestic use and exports, as per Moneycontrol.
Uber, Ola might stop operations in Pune from September 2
Cab aggregators, including major players like Uber and Ola, could face a ban on their operations in Pune starting September 2.
SEBI proposes online KYC for NRIs, OCIs and overseas investors
SEBI proposes a fully digital KYC process for NRIs, eliminating physical presence in India, aiming to simplify investment and attract retail investors from abroad.
Zerodha, Angel One get SEBI approval to offer corporate bonds
Leading brokerage firms Zerodha and Angel One have received approval from the Securities and Exchange Board of India (SEBI) to offer corporate bonds on their platforms.
Oil prices fall as US eases military pressure on Iran
Oil prices witnessed a decline on Wednesday, amid reduced fears of military conflict. The United States is now focusing more on economic sanctions to pressure Iran.
Egg prices jump 40%: How ethanol is making breakfast costlier
Egg prices in India have seen a sharp spike, thanks to the rising diversion of maize for ethanol production.
Air India wants $1.5B funding from Tata Sons, Singapore Airlines
Air India is looking for a capital infusion of approximately $1.5 billion from its owners Tata Sons and Singapore Airlines, Reuters reported citing two people familiar with the matter.
Modi government to exempt high-tech sectors from getting BIS certification
Commerce and Industry Minister Piyush Goyal has announced that the government is working on a framework to exempt certain sectors from Bureau of Indian Standards (BIS) certification requirements.
Swiggy Dineout now lets you order food while watching movies
Swiggy Dineout, the dining and reservation arm of Swiggy, has launched a new service for moviegoers.
Indian taxpayer gets relief in an undisclosed foreign assets case
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has rejected an appeal by the Income Tax Department in a case involving alleged undisclosed foreign assets.
Moving abroad for work? You can withdraw your PF early
If you're planning to take up a job abroad, it's important to understand how your Employee Provident Fund (EPF) will be affected.
Indian companies to get DRDO missile tech for indigenous production
The Indian government's push for self-reliance in defense manufacturing has received a major boost.
India's gig economy is neglecting women, says study
A recent study by the International Labor Organization and the National Council of Applied Economic Research has highlighted the underrepresentation of women in India's fast-growing gig economy.
India-US bond-yield spread hits historic low: Should we be worried?
The gap between India's 10-year government bond yield and the US 10-year Treasury yield has shrunk significantly.
RBI's USD-INR forex swap facility attracts inflows worth $73B
The Reserve Bank of India's (RBI) special USD-INR forex swap facility has garnered $72.8 billion in foreign exchange inflows till August 21.
Volkswagen might slash around 140,000 jobs
Volkswagen AG's labor representatives have warned that the company's planned job cuts could affect as many as 140,000 positions.
Bitcoin hits 3-month high of $80,908: What's the reason?
Bitcoin has surged past the $80,000 mark for the first time since mid-May, extending a 23% weekly rally, its biggest in nearly three years.
Vi shares jump over 8%: What's behind the sharp rally?
Vodafone Idea's stock price surged by over 8% in intraday trade today, August 25. The surge has brought the stock close to its 52-week high of ₹15.34.
Augmont Enterprises IPO closes today as GMP stays above 40%
The bidding for Augmont Enterprises' initial public offering (IPO) closes today, August 25.
Smart ring maker Oura plans $3B IPO at $16B valuation
Oura, the innovative smart ring company with offices in San Francisco and Finland, is reportedly gearing up for a US initial public offering (IPO) next month.
Tempsens IPO allotment today: How to check status online
The allotment of shares for the initial public offering (IPO) of Tempsens Instruments (India) Ltd is likely to be announced today.
India's $810M rice trade with Iran faces double whammy
India's $810 million rice trade with Iran is facing a double blow, with fresh US sanctions and the UAE's freeze on trade and financial transactions with Tehran threatening to disrupt shipments and payment channels.
India tweaks sugar import rules: How it affects businesses
The Indian government has revised its rules for duty-free imports of up to 10 lakh tons of raw sugar.
US sanctions 4 India-based firms over Iranian oil trade
The United States has imposed sanctions on four India-based companies for their alleged involvement in trade and procurement networks related to Iranian petroleum and petrochemicals.
Trump purchased shares of Musk's SpaceX this June
US President Donald Trump invested between $15,001 and $50,000 in Elon Musk's SpaceX.
Reliance eyes entry into aluminum industry to take on Adani
Reliance Industries Limited (RIL), led by Mukesh Ambani, is considering a foray into the aluminum industry.
SEBI launches 'Cyber Suraksha' portal to boost market cybersecurity
The Securities and Exchange Board of India (SEBI) has launched a new Cyber Suraksha portal.
Hyundai strike ends with tentative wage deal
Hyundai Motor Company and the union representing its employees have reached a tentative agreement on wages and bonuses.
50% tariff on Canadian steel, cars from January 2027: Trump
US President Donald Trump has announced plans to impose a hefty 50% tariff on Canadian cars, trucks, automotive parts, and steel.
TCS to acquire Porsche's IT arm for €320M
Tata Consultancy Services (TCS) has announced plans to acquire MHP Management-und IT-Beratung GmbH (MHP), a Germany-based management and IT consulting subsidiary of Porsche.
UPI completes 10 years: How India's payments revolution took off
The Unified Payments Interface (UPI), India's revolutionary digital payment system, has completed a decade of operation.
You can now export wheat flour from India again
The Indian government has lifted the export ban on wheat flour and related products with immediate effect.
Selling goods on Amazon and Flipkart has become costlier
Amazon and Flipkart have raised their seller fees ahead of the festive season.
Tempsens IPO closes today as GMP crosses 100%
The initial public offering (IPO) of Tempsens Instruments has garnered strong investor interest on its third and final day of bidding.
India's rare-earth magnet plan might not meet future demand
The Indian government has announced an $800 million plan to produce high-strength neodymium-iron-boron (NdFeB) magnets.
Iran's currency nears 2M to a dollar as pressure mounts
Iran's currency, the rial, is on a downward spiral, nearing the unofficial market rate of two million to a US dollar.
Air India, IndiGo, SpiceJet issue advisories for Delhi passengers
Air India, IndiGo, and SpiceJet have issued travel advisories for passengers due to adverse weather conditions in Delhi.
Godrej to invest ₹20,000cr in Haryana, create 40,000 jobs
Godrej Industries Group has signed a Memorandum of Understanding (MoU) with the Haryana government to invest ₹20,000 crore in the state.
Warner Bros merger: California's AG cancels meeting with Paramount
California's Attorney General Rob Bonta has canceled a meeting with Paramount Skydance executives today, The New York Times reported.
Alibaba shares crash after $10B AI fundraising plan
Alibaba's shares plunged nearly 11% on Monday after the Chinese tech giant announced a massive HK$80 billion ($10.2 billion) share placement to fund its artificial intelligence (AI) expansion.
Gold prices surge to 3-month high
Gold prices have surged to their highest level in over three months, reaching over $4,641 per ounce.
Selection process for next Tata Sons chairman is now underway
The Sir Dorabji Tata Trust (SDTT) has begun the process of forming a selection committee to recommend the next chairman of Tata Sons, as per Moneycontrol.
This renewable energy firm is planning $800M IPO in India
Avaada Electro, the solar manufacturing division of Avaada Group, is gearing up for an initial public offering (IPO) that could raise as much as $800 million, as per Bloomberg.
Modi government reopens AI vendor empanelment: Why it matters
The Ministry of Electronics and Information Technology (MeitY) has reopened its empanelment process for agencies providing artificial intelligence (AI) and machine learning (ML) manpower and project support to the government.
NVIDIA might invest in AI start-up Perplexity at $30B valuation
NVIDIA is considering an investment in AI start-up Perplexity, The Information reported.
SoftBank plans record $6.3B bond issue to fund AI investments
SoftBank Group, the Japanese technology investor, has announced its plan to issue ¥1 trillion ($6.29 billion) worth of seven-year corporate bonds.
Bank unions announce nationwide strikes over 5-day work week, PLI
The United Forum of Bank Unions (UFBU), an umbrella group of major bank employee and officer unions, has called for nationwide strikes.
Skyways Air IPO launches with 23% GMP: Apply or avoid?
Skyways Air Services, a leading air freight forwarding and logistics company based in Delhi, has launched its initial public offering (IPO) today. The issue will close on August 27.
GMR plans $2B expansion at Delhi and Hyderabad airports
GMR Airports, a leading player in India's aviation sector, has announced plans to invest nearly $2 billion (approximately ₹19,400 crore) in the expansion of its New Delhi and Hyderabad airports.
SHEIN launches IPO at $27B valuation, 70% below peak
Fast fashion giant SHEIN has launched its initial public offering (IPO) in Hong Kong, aiming to raise HK$13.86 billion ($1.77 billion).
Centre launches 'Kanda Express' as onion prices rise 45%
The Indian government will launch "Kanda Express" from Monday, a special train service to transport onions from Maharashtra's buffer stock to major consumption centers.
EPFO members should complete 10-year service for monthly pension benefits
The Employees' Provident Fund Organisation (EPFO) has warned its eligible members to complete a mandatory 10-year service period.
Piyush Goyal to lead India's largest business delegation to Japan
Union Minister for Commerce and Industry, Piyush Goyal, will head a 200-member business delegation to Japan from August 24-27.