Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
Stock of PNGS Reva Diamond Jewelry bounces 16.5% on debut
PNGS Reva Diamond Jewellery's share price surged over 16% following a weak debut on the Indian stock market. Despite a market crash, the company witnessed strong buying momentum.
Venture capital firm warns founders to prepare for economic downturn
Lux Capital has urged its portfolio startups to prepare for potential market risks, amidst concerns over falling bond yields and a possible AI bubble.
Meta's Mark Zuckerberg sidelines AI chief Alexandr Wang in shakeup
Mark Zuckerberg, CEO of Meta, is subtly dismantling the power structure around Alexandr Wang, the company's highest-paid employee, indicating a loss of faith in his AI leadership.
Cognizant's AI strategy: Smart solutions over price cuts
Cognizant Technology Solutions Corp. is focusing on superior design and execution of AI projects, rather than price cuts, to secure business deals amidst automation concerns.
Svatantra Microfin plans ₹3,000 crore IPO
Svatantra Microfin, led by Aditya Birla Group heir Ananya Birla, is inviting investment banks to pitch for its upcoming domestic listing, potentially raising over Rs 3,000 crore.
Axis Bank is Tesla's official EV financing partner in India
Axis Bank has partnered with Tesla to become its preferred financing partner in India, offering loan tenures of up to 10 years for premium electric vehicles.
Global certification courses to be made accessible in India
Blue Ocean Corporation is set to launch its global "Education for All" mission in India, aiming to democratise access to professional certifications and skill development programs.
Jio introduces AI token services, potentially revolutionizing telecom industry
Jio Platforms, under the leadership of Group CEO Mathew Oommen, plans to be among the first providers of affordable AI tokens.
Pantomath's Wealth Mutual Fund launches small cap fund
The Wealth Company Mutual Fund has introduced a high-risk Small Cap Fund, open for subscription from tomorrow until February 18, 2026.
West Asia conflict hits Indian airlines: Why shares are falling
InterGlobe Aviation's shares dropped 5% following over 500 flight cancellations, while SpiceJet's shares fell by 8% due to escalating Iran-Israel conflict.
Over 24,000 new companies registered in February alone
New company registrations in India saw a 37% year-on-year increase in February, indicating a robust entrepreneurial sentiment and economic formalization.
Why India's IPO market is in a deep freeze
The Iran war's influence on the stock market is creating a challenging environment for potential IPO candidates in India, leading to a possible prolonged issuance drought.
PhonePe eyes $10.5B valuation for its IPO in India
Walmart-backed Indian fintech giant PhonePe is gearing up for an initial public offering (IPO) at a valuation between $9 billion and $10.5 billion, according to Reuters.
After Pentagon, OpenAI might sign a contract with NATO
OpenAI is considering a contract to deploy its artificial intelligence (AI) technology on the North Atlantic Treaty Organization's (NATO) "unclassified" networks, as per Reuters.
Ola Electric's market value drops 80% since peak
Ola Electric's retail sales plunged to a four-year low in February 2026, with only 3,968 units sold. Concurrently, the company's stock price has also hit record lows.
MRF to set up ₹5,300cr tire plant in Tamil Nadu
Tyre manufacturer MRF Ltd. has signed a non-binding Memorandum of Understanding (MoU) with the Tamil Nadu government to establish a ₹5,300 crore greenfield manufacturing facility.
News Corp inks $150 million deal with Meta for AI training
Meta Platforms has inked a three-year, $50 million annual AI content licensing agreement with News Corp, enabling the use of US and UK content for AI products and training.
Moneyview files ₹1,500 crore IPO: Here's what it does
Moneyview Limited has submitted its draft red herring prospectus to SEBI, outlining plans for an initial public offering aiming to raise ₹1,500 crore.
UAE stock markets reopen after 2-day pause over Iran attacks
Dubai and Abu Dhabi stock markets plunged nearly 5% upon reopening after a two-day halt due to Iran's missile and drone attacks.
Wipro stocks hit 52-week low today: Here we decode why
Wipro's shares hit a 52-week low of ₹195.10 this morning, down 1.74% from the previous close.
Aye Finance uses AI to estimate sales for small shops
Aye Finance has completed a pilot project using Generative AI to enhance credit for micro-scale MSMEs in India's tier 2 cities.
PhonePe plans $1.5 billion IPO at $13-15 billion valuation
Indian fintech firm PhonePe is targeting a valuation of up to $10.5 billion in its initial public offering (IPO), with plans to raise between $900 million and $1.05 billion.
India gets AI-enabled Wi-Fi 7 routers for next-gen broadband experience
GX Group, a broadband gear manufacturer, is partnering with US chip company Qualcomm to produce AI-enhanced Wi-Fi 7 solutions in India.
Shipping chaos during Ramzan-Easter peak demand hits Indian exporters
Indian fruit and vegetable exporters face significant challenges due to the Iran war, with increased freight costs and disrupted shipments causing widespread concern.
Services PMI falls to 58.1 in February: What's the reason?
India's services sector growth has slowed down in February, with the Purchasing Managers' Index (PMI) slipping to a two-month low of 58.1 from January's 58.5.
Wipro hits 52-week low on losing $500 million Estee Lauder contract
Wipro Ltd's shares hit a 52-week low after reports of losing a $500-million contract with Estée Lauder to rival Accenture, marking a significant setback for the IT giant.
Tensions rise at Tesla's Berlin factory as union push intensifies
Tesla's Berlin factory faces increasing labour disputes as Germany's IG Metall union seeks control of the plant's works council, amidst allegations of poor working conditions.
Gemini 2.0: The AI that's redefining what's possible
NIIT Ltd CEO, Pankaj Jathar, sees the AI-led disruption as a significant opportunity for reskilling across various sectors and job roles.
Who is Frank Yeary, Intel board chair departing after 17-years
Frank Yeary, the long-serving board Chair of Intel, has announced his retirement.
War in Iran is affecting your grocery bills
The ongoing Iran war is disrupting global ocean freight and air cargo supply chains, affecting sectors beyond oil including pharmaceuticals, semiconductors, and fertilizers.
India's services sector slows just a touch in February
India's services sector growth decelerated in February due to increasing cost pressures, despite a surge in international sales and overall private sector growth, as per PMI data.
HDFC Bank to increase locker rentals: Check new rates
HDFC Bank is set to revise its safe deposit locker rental charges from April 1, 2026.
Indian rupee hits all-time low of ₹92.17 against US dollar
The Indian rupee has hit a new low against the US dollar, breaching the ₹92 mark for the first time ever.
India's economy: Manufacturing boosts business activity, services slows down
India's services activity slightly decreased to 58.1 in February, while manufacturing activity showed a strengthening trend.
Sensex crashes over 1,000 points as Iran-US tensions escalate
The BSE Sensex and NSE Nifty fell over 2% in early trade due to escalating tensions in West Asia, negatively impacting investor sentiment.
SpaceX eyes record $50 billion IPO, surpassing Aramco's $29 billion
SpaceX, Elon Musk's rocket and satellite company, has reportedly added Citigroup Inc. to the banks leading its initial public offering (IPO).
Oil prices soar as Middle East conflict escalates
Oil prices surged 4.7% to their highest level since January 2025 as the Iran crisis escalates into a regional war, disrupting global energy markets.
[Funding alert] Zaggle raises $15m to boost AI in fintech
Avinash Godkhindi, CEO of Zaggle, explains how Indian enterprises are leveraging AI and automation for efficient corporate spending management.
Jio's new AI tokens could change the game
Jio Platforms Ltd plans to significantly reduce the cost of artificial intelligence tokens, following its disruption of the data and voice call market.
Indian rupee hits historic low of ₹92.17 per US dollar
The Indian rupee plunged to a record low, crossing Rs 92 per dollar, driven by escalating geopolitical tensions in the Middle East and surging oil prices.
Sensex crashes over 1,600 points, Nifty slides below 24,400
The Sensex plunged over 1,600 points at opening, while the Nifty fell below 24,400 due to global risk-off sentiment and heavy selling in key sectors.
L&T shares fall 7% on Middle East exposure: CLSA bullish
Shares of Larsen & Toubro (L&T) fell by 7% after Macquarie flagged potential margin risks, while CLSA views the dip as a buying opportunity.
Sensex crashes 1,700 points, Nifty falls over 500: Here's why
The ongoing US-Iran war and rising crude oil prices triggered a sharp fall in the Indian stock market, causing investors to lose ₹9 lakh crore.
China's manufacturing grows at fastest rate since late 2020
China's factory activity in February saw its fastest expansion since December 2020, driven by strong demand and increased manufacturers' confidence.
OpenAI's Pentagon deal is 'definitely rushed,' admits Sam Altman
OpenAI, led by Sam Altman, lost over 1.5 million subscribers within 48 hours after agreeing to a deal with the US Department of Defense, a deal rival firm Anthropic had rejected.
PNGS Reva Diamond Jewellery's IPO sees 23% subscription
PNGS Reva Diamond Jewellery is set to list its shares today, with grey market premium (GMP) indicating a cautious debut below the issue price.
China's factory activity shrinks for 2nd month in a row
China's factory output shrank for the second consecutive month in February due to weak domestic demand and sluggish investment, despite robust export performance.
Gold hits ₹1,70,510/10gm as Middle East tensions escalate
Gold prices increased by 1% on Wednesday due to escalating U.S.-Israeli air strikes against Iran, sparking a surge in safe-haven demand.
This startup is making paper from invasive water hyacinth
Kumbhi Kagaz, an Assam-based startup, is turning water hyacinth, an invasive plant species, into sustainable paper products.
HDFC Bank to hike locker rents: Check new rates
HDFC Bank is set to revise its safe deposit locker rental charges from April 1, 2026, potentially increasing fees by up to 184%.
Sedemac Mechatronics IPO opens: What you should know
Sedemac Mechatronics' ₹1,087.45-crore IPO opens for subscription today, with analysts expressing caution over the company's valuations.
Asian markets tumble as Iran conflict raises global inflation fears
Asian stocks slide for a third consecutive day due to escalating war in Iran, while oil prices see an increase amid global inflation fears.
AI startups play valuation split game for funding boost
AI startups are adopting a novel valuation strategy, selling the same equity at two different prices to create a perception of market dominance.
India's beauty market to reach $39 billion by FY30 (around 2030)
India's beauty and personal care (BPC) sector is projected to grow from $27 billion in FY25 to $39 billion in FY30, driven by online sales and self-care trends.
Iran-US tensions hit Indian engineering stocks, L&T sees nearly 5% dip
Rising US-Iran tensions threaten project deadlines and inflate logistics costs for Indian infrastructure giants like L&T and KEC International in the Middle East.
Qatar's gas supply cuts trigger aluminum price rise
Aluminium prices have risen sharply following QatarEnergy's decision to halt production due to supply disruptions caused by the Iran war.
Goldman Sachs lawyer to testify about ties to Epstein
Goldman Sachs' outgoing general counsel, Kathryn Ruemmler, is set to testify before Congress regarding her connections with the late financier and sex offender Jeffrey Epstein.
US stocks bounce back after Trump promises insurance for ships
President Donald Trump's commitment to secure maritime trade, particularly energy, may have catalyzed an 800-point recovery on Wall Street.
PM Modi calls for quality, innovation in manufacturing
PM Narendra Modi emphasizes a shift in India's export strategy towards quality-driven growth and positions biopharma as a key sector.
Ex-Goldman CEO Blankfein warns private credit could trigger financial crisis
Former Goldman Sachs CEO, Lloyd Blankfein, has cautioned that the burgeoning private credit market could trigger a financial crisis akin to 2008.
US defense tech firm Anduril seeks $4B funding at $60B valuation
Palmer Luckey's defense-tech company, Anduril, is reportedly pursuing a multi-billion-dollar funding round that could potentially value the firm at $60 billion.
Why ongoing West Asia trouble is giving India-UK trade jitters
India's new trade deal with the UK faces potential hurdles due to the ongoing West Asia crisis affecting sea and air routes.
Biocon fully acquires its 2 major subsidiaries for ₹315.34 crore
Biocon Ltd has finalised the purchase of Optionally Convertible Redeemable Non-Cumulative Preference Shares (OCRPS) from its subsidiaries for ₹315 crore.
India's bullet train gets costlier: Final approval expected soon
Indian Railways plans to use government funds to cover the ₹90,000 crore cost overrun of the Mumbai-Ahmedabad bullet train project, caused by land acquisition delays.
Fino Payments Bank's SFB transition on track amid GST probe
Despite the arrest of its CEO, Fino Payments Bank remains committed to its transition to a small finance bank (SFB), with no significant impact on deposits reported.
Gold dives 5% in sharp decline on March 3
Gold prices fell on Tuesday due to a stronger dollar and diminishing prospects for rate cuts, influenced by escalating inflation concerns and Middle East conflict.
Google, Apple, Airbus expand office spaces in India
Global companies like Google, Apple, and Airbus are expanding within their existing Indian campuses, indicating a long-term commitment to the country.
Accenture is buying Speedtest app for $1.2 billion
Accenture is set to purchase the connectivity division of Ziff Davis, including network intelligence brands Ookla and Downdetector, in a $1.2 billion cash deal.
PPF or FD: Which investment suits rural population?
In rural India, where financial literacy is low, saving schemes like Public Provident Fund (PPF) and Fixed Deposits (FDs) are popular.
Real estate investment trusts (REITs): All about the investment option
Real Estate Investment Trusts (REITs) are becoming popular as an easy way to invest in real estate without having to buy property.
Iran conflict: JSW first Indian company to be directly affected
JSW Infrastructure Ltd, a leading Indian company, has been directly impacted by the ongoing US-Israel-Iran conflict.
HBO Max and Paramount+ are merging to rival Netflix
In a major move that could reshape the global streaming landscape, HBO Max and Paramount+ are set to merge.
5 overlooked but useful loans you need to know about
India's financial landscape is dotted with a plethora of loan options, some of which are not as well-known but can be quite useful.
India's Saudi oil imports hit record high: What's the reason?
India's crude oil imports from Saudi Arabia reached a record high of 1.05 million barrels per day (bpd) in February, according to data from analytics firm Kpler.
Japan is interested in rare earth deposits in Rajasthan
Japan is in talks with India to jointly explore rare earth deposits in Rajasthan, according to Reuters.
Tata Sons to invest ₹11,000cr in Jamshedpur
Tata Sons Chairman N Chandrasekaran has announced a massive investment of ₹11,000 crore in advanced technology for Jamshedpur.
Meet Offbeat Studios, Boat founder Aman Gupta's new venture
Aman Gupta, the co-founder of consumer electronics brand Boat, has announced his new venture, Offbeat Studios.
Gold, silver prices might crash up to 8%: Here's why
The ongoing conflict between the US and Iran has caused a spike in gold and silver prices.
Jio appoints Dan Bailey as President to boost global expansion
Jio Platforms has appointed telecom industry veteran Dan Bailey as its new President. The move comes as part of the company's strategy to expand its international footprint.
Amazon data centers damaged by drone strikes amid US-Iran conflict
Amazon has confirmed that three of its data centers in the Middle East were damaged by drone strikes, amid the ongoing US-Iran conflict.
China to unveil new 5-year plan focusing on economic reform
China is gearing up to unveil its latest five-year plan, a strategic blueprint outlining policy priorities and long-term goals for economic reform, industrial upgrading, technological innovation, national security, environmental protection and social development.
Paramount faces $79B debt post Warner Bros merger
Paramount has announced that its net debt will rise to around $79 billion after the Warner Bros-Paramount Skydance merger.
Why flight ticket prices on Asia-Europe routes are soaring
The ongoing US-Israel war against Iran has led to the closure of major Middle Eastern hubs, including Dubai, the world's busiest international airport.
US-Iran conflict might deter investments in India, says report
The ongoing conflict in the Middle East could have major implications for India's economic growth, a new report by Fitch Group's BMI has warned.
IndiGo, SpiceJet are now bringing Indians back from Middle East
Indian airlines IndiGo and SpiceJet have launched special relief operations to repatriate passengers stranded due to airspace disruptions in the Middle East.
Elon Musk on trial for tweets tied to Twitter takeover
Elon Musk, the world's richest person, is facing a trial over his tweets related to the acquisition of Twitter Inc. in 2022.
LNG tanker rates triple to $200,000 daily amid US-Iran war
The cost of leasing liquefied natural gas (LNG) tankers in the Atlantic Basin has more than tripled to over $200,000 per day.
How to invest in infrastructure trusts
Investing in Indian infrastructure trusts can be a lucrative opportunity for those looking to diversify their portfolios.
PPF v/s FD: Which is better for tax savings?
Public Provident Fund (PPF) and Fixed Deposits (FDs) are two popular investment options in India. Both offer different benefits when it comes to tax savings.
Why Sony is facing £2B class action lawsuit in UK
Sony is gearing up to fight a class action lawsuit in the UK, worth £2 billion ($2.5 billion).
Holi celebrations: Indian stock market to remain closed tomorrow
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will remain closed tomorrow (March 3), for Holi celebrations.
Why Hilton, IHG, Marriott are facing a probe in UK
The UK's Competition and Markets Authority (CMA) has launched an investigation into major hotel chains Hilton, InterContinental Hotels Group (IHG), and Marriott.
What are NABARD loans for farmers?
The National Bank for Agriculture and Rural Development (NABARD) has introduced a special loan scheme to help farmers adopt solar energy solutions.
India's factory output weakens to 4.8% in January
India's industrial output grew by 4.8% year-on-year in January, slowing down from the 7.8% growth rate recorded in December 2025.
India-bound oil supplies stop amid Strait of Hormuz shut down
Tensions involving Iran, the US, and Israel have brought ship movement through the Strait of Hormuz to a standstill.
Air India Express CEO Aloke Singh resigns after 5 years
Aloke Singh, the CEO of Air India Express, is stepping down from his position. His five-year-long tenure will officially end on March 19.
EPFO keeps interest rate unchanged at 8.25% for FY26
The Employees' Provident Fund Organisation (EPFO) has announced its decision to retain the interest rate on provident fund deposits at 8.25% for the financial year 2025-26.
Bharti Airtel's Sunil Mittal receives GSMA Lifetime Achievement Award
Sunil Bharti Mittal, the founder and chairman of Bharti Enterprises, has been awarded the prestigious GSMA Lifetime Achievement Award.
Groww introduces AI tools for retail investors
Wealth tech start-up Groww has launched its first product showcase event, Groww Next 2026, in Bengaluru.
Oil-sensitive stocks decline as Brent Crude jumps on US-Iran war
Asian Paints and JK Tyre were among the major losers in the Indian stock market on Monday. The companies' shares fell by 3% and 5.63%, respectively.
How Iran conflict threatens India's oil, trade, and energy supplies
The ongoing conflict between the US and Israel against Iran has raised new geopolitical challenges with global energy market ramifications.
India, Canada target trade worth $50B by 2030
India and Canada have set an ambitious target of boosting their bilateral trade to $50 billion by 2030.
Urban Company's shares fall below IPO price: What's the reason?
Urban Company's shares have fallen below their initial public offering (IPO) price of ₹103.
HDFC Bank will charge for UPI cash withdrawals from April
HDFC Bank has announced that it will charge customers for Unified Payment Interface (UPI) cash withdrawals at its ATMs, starting April 1, 2026.