Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Bira 91 facing insolvency threat over ₹11cr+ unpaid dues
Bira 91, a popular Indian beer brand, is facing an insolvency threat as Hindusthan National Glass and Industries Ltd (HNGIL) has issued a default notice to its parent company B9 Beverages Ltd.
India's GDP to grow at 7-7.2% in FY27, says EY
India's real gross domestic product (GDP) growth is projected to stay strong at 7-7.2% in the financial year 2026-27 (FY27), according to a recent report by Ernst & Young (EY).
NCLT might soon have dedicated benches for insolvency cases
A Parliamentary panel has recommended the establishment of dedicated benches or verticals for insolvency cases at the National Company Law Tribunal (NCLT).
Who will become next CEO of HDFC Bank?
HDFC Bank, India's largest private lender, is considering Deputy Managing Director Kaizad Bharucha as a potential successor to current CEO Sashidhar Jagdishan.
Indian Bank to open 100 new branches, recruit 2,500 employees
Indian Bank plans to expand its operations by opening around 100 new branches in the current fiscal year, according to PTI.
SK hynix hints US investment warns memory shortage through 2030
SK hynix CEO Kwak Noh-jung expressed openness to further US semiconductor investments and forecasted a global memory chip shortage lasting through 2030.
HDFC Bank set to pick CEO as Sashidhar Jagdishan exits
HDFC Bank is evaluating Deputy Managing Director Kaizad Bharucha and an external candidate for its next CEO as Sashidhar Jagdishan prepares to retire in October.
Seven IPOs next week led by Purple Style target ₹1,415-cr
Seven IPOs worth Rs 1,415 crore are set to launch next week, while 15 companies, including eight from the mainboard segment, will debut on the stock exchanges.
India, Chile expedite efforts to finalize trade pact by year-end
India and Chile are stepping up efforts to finalize a Comprehensive Economic Partnership Agreement (CEPA) by the end of this year.
Kalshi suffers legal setback as Nevada gets power to regulate
Kalshi, a popular prediction market platform, has suffered a major setback in its legal battle against the state of Nevada.
India's UPI goes live in 11 countries, merchant features vary
UPI is now operational in 11 countries, enabling Indian travellers to make merchant payments in nine destinations and facilitating cross-border remittances in others.
UPI dominates India's digital merchant payments market with 77.3% share
India's digital merchant payments market is witnessing a major shift.
Robert Downey Jr. wears $1.1M watch that has no hands
Hollywood superstar Robert Downey Jr. made a grand appearance at Disney's Legends Awards Ceremony, but it wasn't just his presence that stole the show.
Rob Bonta seeks to block Paramount $81B merger, Ruffalo objects
California Attorney General Rob Bonta’s gubernatorial aspirations have led to a controversial lawsuit, delaying Paramount's $81 billion merger with Warner Bros. Discovery.
EY's report predicts India's economy to grow 7-7.2% in FY27
India's real GDP growth is projected at 7-7.2% in FY27, driven by strong domestic demand and increased government capital expenditure, despite global economic challenges.
Indian Bank plans 100 FY27 branches across Central West India
Indian Bank aims to open 100 new branches and hire 2,500 employees in FY27, focusing on Central and Western India while addressing business growth and staff retirements.
Indian Bank plans 100 new branches FY27, network tops 6,000
Indian Bank aims to open 100 new branches and recruit 2,500 personnel, focusing on Central and Western India to strengthen its presence and manage growing business demands.
EPFO highlights employees' enrolment campaign 2026 to boost coverage
EPFO's Employees’ Enrolment Campaign 2026, running from 29 June to 31 October, aims to expand social security coverage and formalise the workforce by addressing compliance gaps.
Country Delight wants to raise $200-300M via IPO in India
Country Delight, a leading subscription-based dairy and fresh-produce delivery platform, is gearing up for an initial public offering (IPO) in India.
BRICS summit causes luxury hotel room scarcity in Delhi
Delhi's luxury hotel market is witnessing a major spike in room rates and a shortage of availability ahead of the BRICS Summit.
India met fiscal deficit target for FY26: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has announced that the central government has successfully met its fiscal deficit targets for the financial year 2025-26.
SBI, subsidiary to divest up to 1% stake in NSE
The State Bank of India (SBI) and its subsidiary, SBI Capital Markets Ltd plan to sell up to a 1% stake in the National Stock Exchange (NSE).
Warren Buffett turns 96: Here are his top investing lessons
Warren Buffett, the legendary investor and former CEO of Berkshire Hathaway, turns 96 today.
FPIs invest almost ₹30,920cr in Indian equities this August
Foreign portfolio investors (FPIs) have pumped ₹30,919 crore into Indian equities in August.
Market cap of India's top 7 firms down ₹1.13L crore
The combined market capitalization of seven out of the top 10 most-valued companies in India fell by ₹1.13 lakh crore last week.
You can't use American Express's Reward Multiplier program from October
American Express has announced the discontinuation of its Reward Multiplier program in India, effective September 30, 2026.
Strait of Hormuz crisis: India paid $22B extra for fuels
A study by the Centre for Research on Energy and Clean Air (CREA), has revealed that India was among top 20 countries with highest gross additional costs for fuel during the Strait of Hormuz crisis.
Will Air India get new funding from Singapore Airlines?
Singapore's state-owned investment firm Temasek has backed Singapore Airlines's (SIA) long-term strategy in India.
Dario Amodei tells CNBC AI will not destroy SaaS
With Salesforce CEO Marc Benioff by his side, Anthropic CEO Dario Amodei reassured investors that generative AI aims to complement, not disrupt, traditional software companies.
HDFC Bank CEO Sashidhar Jagdishan to retire October 26, 2026
HDFC Bank CEO Sashidhar Jagdishan will retire on October 26, 2026, following governance challenges and board penalties that impacted leadership stability earlier this year.
Country Delight prepares India IPO to raise up to $300 million
Country Delight, a subscription-based dairy and fresh-produce delivery platform, is preparing for a $200-300 million IPO in India within 12-18 months, sources revealed.
Aditya Birla Capital forecasts India BPC market to reach $42bn
India's beauty and personal care market is projected to nearly double from $23 billion in FY26 to $42 billion by FY31, driven by evolving consumer trends.
Quaise Energy raises $180 million to kickstart superhot geothermal project
Quaise Energy secures $180 million to develop the Obsidian Project in Oregon, utilizing microwave technology to drill over 5 km deep and harness geothermal energy at up to 500°C.
SBI and subsidiary to offload up to 1% NSE stake
State Bank of India (SBI) and its subsidiary, SBI Capital Markets, plan to divest up to 1% stake in the National Stock Exchange (NSE) through its upcoming IPO.
US to acquire 35% stake in Venezuelan oil firm
The US government is planning to acquire a 35% passive stake in North American Blue Energy Partners, an energy company owned by Venezuelan businessman Alejandro Betancourt.
Sashidhar Jagdishan confirms step down as HDFC Bank CEO 2026
The process to appoint HDFC Bank's next MD and CEO will be completed "well within time," as incumbent Sashidhar Jagdishan opts not to seek another term.
Foreign portfolio investors invest ₹30,919 cr in Indian stocks
Foreign portfolio investors infused Rs 30,919 crore into Indian equities in August, driven by improving corporate earnings and a stable economic environment.
India and Chile move quickly to finalize CEPA by 2026
India and Chile are accelerating negotiations for a Comprehensive Economic Partnership Agreement (CEPA), targeting expanded trade and investment across key sectors by 2026.
Seven of India's top 10 firms lose ₹1.13L/cr last week
Seven of India's top-10 most-valued firms lost ₹1.13 lakh crore in market valuation last week, with Bharti Airtel and Reliance Industries suffering the steepest declines.
Nifty Midcap and Smallcap 100s break records, rise 0.5% each
The Nifty Midcap 100 and Smallcap 100 indices gained 0.5% each, reaching record highs, while benchmark indices Nifty 50 and Sensex extended their losing streak for a third week.
Why Anthropic has been sued by Sony Music, Warner Chappell
Sony Music Publishing, Warner Chappell, and several other music publishers have sued AI lab Anthropic and its co-founders Dario Amodei and Benjamin Mann.
US Fed's Jackson Hole conference ends: What are the takeaways?
The Federal Reserve Bank of Kansas City's annual economic symposium in Jackson Hole, Wyoming, has come to a close.
HDFC Bank MD Sashidhar Jagdishan to retire in October
Sashidhar Jagdishan, the Managing Director and CEO of HDFC Bank, has announced his decision not to seek reappointment. He will retire from his position on October 26, 2026.
NVIDIA's Jensen Huang rejects Bill Gates's robots and AI tax
Nvidia CEO Jensen Huang opposes Bill Gates' robot tax idea, arguing AI will boost productivity, create jobs, and drive US reindustrialisation rather than replacing human labor.
Musk's Starlink gets 10-year license to operate in UAE
The United Arab Emirates (UAE) has awarded Elon Musk's Starlink a decade-long license to set up and run a public satellite communications network.
Climate change pressures Indian farmers as technology could streamline insurance
Agricultural insurance is vital for safeguarding Indian farmers against climate risks, but challenges in claim settlement and accessibility hinder its effectiveness.
Minneapolis Fed says tariffs and AI lift US core inflation
Tariffs imposed during Trump's presidency and surging AI-driven hardware demand are now equally contributing to elevated core inflation, according to a Minneapolis Fed analysis.
CAMS reports under-20 Indians's SIP accounts rose 92% in FY26
Young Indians are shifting from speculative crypto investments to disciplined Systematic Investment Plans (SIPs), driven by fintech platforms and evolving financial awareness.
Kevin Warsh signals possible rate hike at Jackson Hole meeting
The Federal Reserve's annual Jackson Hole symposium highlighted inflation as a top priority, with Chair Kevin Warsh emphasizing the need for decisive monetary policy.
NCLT allows Subhash Chandra to repay ₹6.5cr of ₹22,006.57cr debt
The NCLT's approval of Subhash Chandra's Rs 6.5 crore repayment plan against Rs 22,006.57 crore creditor claims has sparked objections and political criticism.
NVIDIA doubles down on physical AI in China, $10B now
Nvidia is expanding into physical AI, targeting robots, cars, and drones. China, the world’s largest industrial-robot market, plays a key role in this growth strategy.
Rain contract exploit drains $1.1 million from Solana card programs
A vulnerability in an outdated Rain card contract led to a $1.1 million theft, causing Avici’s AVICI token to plummet by 49% before partially recovering.
Russia extends diesel export ban to September 30, 2026
Russia has extended its diesel export ban to September 30, citing domestic fuel shortages caused by refinery disruptions from Ukrainian drone attacks on energy infrastructure.
GST Council meets September 12 in New Delhi for businesses
The GST Council will convene its 57th meeting on September 12 in New Delhi, focusing on simplifying compliance, input tax credit access, and corporate guarantee treatment.
These financial institutions are opposing Subhash Chandra's ₹6.25cr repayment plan
Canara Bank, Union Bank of India, and LIC Housing Finance are challenging an National Company Law Tribunal (NCLT) order approving Essel Group Chairman Subhash Chandra's ₹6.25 crore repayment plan.
FSSAI proposes red warning labels for unhealthy food items
The Food Safety and Standards Authority of India (FSSAI) has proposed a new labeling system for unhealthy food products.
Why Modi government is easing radiation limits for 5G towers
The Indian government has decided to relax the electromagnetic field (EMF) limits for mobile networks, according to The Economic Times.
Modi government urged to regulate exports of cotton yarn
The Apparel Export Promotion Council (AEPC) has urged Commerce Minister Piyush Goyal to regulate cotton yarn exports.
Tata Sons gets permission to hold AGM by December-end
Tata Sons has received a three-month extension from the Registrar of Companies (RoC) to conduct its Annual General Meeting (AGM) by the end of December.
SEBI clears IPOs of Jio Platforms, 6 other firms
The Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO) plans of seven companies, including Reliance-backed Jio Platforms.
Why IndiGo has invested in Sarvam AI
IndiGo Ventures has invested in Sarvam AI, an Indian artificial intelligence (AI) company.
Airtel adds 27L subscribers in July, Jio follows closely
India's wireless market saw a growth of 55.38 lakh mobile subscribers in July 2026, according to data from the Telecom Regulatory Authority of India (TRAI).
Stripe, Advent consortium drops $50B bid to acquire PayPal
A consortium of payment processing giant Stripe and buyout firm Advent has reportedly dropped its pursuit of acquiring fintech pioneer PayPal, according to Bloomberg.
Milk about to become costlier in Mumbai from September 1
Mumbai is set to witness a hike in wholesale milk prices, effective September 1.
Europe's gas reserves touch 13-year low: What's the reason?
Europe is facing a major energy crisis as its gas reserves hit a 13-year low.
India's forex reserves hit record high of $730B
India's foreign exchange reserves have hit a new high of $729.33 billion, a jump of $12.42 billion from the previous week, according to the data released by the Reserve Bank of India (RBI).
Andreessen Horowitz launches $1.1B AI infrastructure fund focused on hardware
Leading venture capital firm, Andreessen Horowitz (a16z), has announced the launch of its latest artificial intelligence (AI) infrastructure fund, the "Machine Age Fund."
CXMT sues Pentagon over 'Chinese military company' designation
ChangXin Memory Technologies (CXMT), China's leading memory chip manufacturer, has filed a lawsuit against the US Department of Defense.
White House teleprompter operator fined $172,000 over Kalshi insider bets
Gabriel Perez, a teleprompter operator at the White House, has been fined over $172,000 to settle an investigation by a federal regulator.
Lawyers awarded $147M in Google data privacy case
A US judge has awarded nearly $147 million in legal fees to the attorneys who represented plaintiffs in a data privacy trial against Google last year.
RBI to buyback government securities worth ₹30,000cr on September 3
The Reserve Bank of India (RBI) has announced a buyback of government securities worth ₹30,000 crore on September 3.
Nepal floods: Infosys Public Services CEO Lax Gopisetty is unreachable
Infosys has confirmed that its subsidiary, Infosys Public Services's CEO, Lax Gopisetty, is currently unreachable.
Why chip designer Marvell's shares faced a selloff yesterday
Chip designer Marvell Technology's shares fell over 8% to $221.6 during trading on Friday.
OpenAI decides to wind down Cursor contract
OpenAI has announced its decision to terminate the contract with Cursor, following its acquisition by SpaceX.
US Fed should raise rates to tackle inflation: Raghuram Rajan
Former Reserve Bank of India (RBI) governor Raghuram Rajan has called on the US Federal Reserve to hike interest rates in order to tackle rising inflation.
OpenAI asks court to dismiss Apple's trade secret lawsuit
OpenAI has filed a new petition, along with Chang Liu, Tang Tan, and io Products, asking the court to dismiss Apple's trade secret misappropriation complaint.
Amazon's new India unit targets counterfeiters, scam networks
Amazon has launched a new initiative called the Counterfeit Crimes Unit (CCU) to tackle e-commerce frauds in India.
Sandhya Devanathan, Meta's India and Southeast Asia chief, joins OpenAI
Meta's Vice President and Head of India and Southeast Asia, Sandhya Devanathan, has announced her resignation from the company after a decade-long association.
SoftBank seeks another $10B loan to fund OpenAI investment
SoftBank Group Corp. is looking for a $10 billion loan to finance its investment in US tech giant OpenAI, according to Bloomberg.
Tempsens Instruments doubles on debut, lists at 111% premium
Tempsens Instruments made a stellar debut on the stock market today, with its shares opening at a whopping 111% premium over the issue price.
TCS cuts bonuses to 60-70% as AI spending pressures margins
Tata Consultancy Services (TCS) has reportedly slashed the average quarterly variable pay for certain mid- and senior-level employees to 60-70% for the April-June quarter.
NVIDIA to launch employee-funded committee to influence US policy
NVIDIA, the leading tech giant, is all set to launch a new political action committee (PAC), NVPAC.
Gold jumps 14%, heads for best month since 1999
Gold prices have stabilized around $4,600 per ounce as investors await US interest rate decisions.