Business News
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Government locks EPF rate at 8.25% for FY26 ensuring stability
The government has approved an 8.25% EPF interest rate for FY26, enabling over seven crore subscribers to receive credited amounts by the end of this month.
Rupee opens at 94.36 against US dollar, down 4 paise
The Indian rupee started at 94.36, down 4 paise against the US dollar, as easing crude prices and US-Iran diplomatic progress influenced market sentiment.
SBI Funds Management set for IPO after SEBI approval
SBI Mutual Fund, India's largest AMC, is set to go public. The IPO offers SIP investors a chance to become shareholders, benefiting from the asset management business's growth.
Income Tax Department makes ITR-3 live on e-filing portal
The Income Tax Department has activated online and Excel-based filing for ITR-3 for AY 2026–27, catering to taxpayers with business or professional income.
AI chip stocks show low P/E ratios amid investor doubt
Sevens Report Research cautions investors that low valuations of AI stocks may signal skepticism about future earnings, with fears of a potential data center slowdown looming.
RBI moves to curb banks selling insurance, mutual funds
The RBI has introduced new guidelines to curb mis-selling in banks, addressing long-standing issues of unsuitable financial product sales driven by aggressive sales targets.
Income Tax Department uses AI to spot tax return errors
With AI-driven data matching, the Income Tax Department can now easily detect discrepancies in ITR filings, making even minor mistakes a potential trigger for scrutiny or delays.
Brent $81 WTI $79 as Iran shuts Strait of Hormuz
Crude oil prices climbed as Iran shut the Strait of Hormuz over US-Israel tensions, while Asian markets rallied, with Japan and Taiwan hitting record highs driven by tech stocks.
Brent crude slips below $80 on U.S.-Iran peace deal hopes
Oil prices dipped as US-Iran peace talks showed progress, while gold rebounded over 1% amid softer crude prices and easing inflation concerns.
Anagha Rajesh moves BioCompute to San Francisco, closes Bengaluru office
Anagha Rajesh, founder of BioCompute, is shutting down operations in Bengaluru and moving to San Francisco, citing India's lack of risk appetite for deep-tech innovation.
Nestle India to discuss shareholder special dividend July 3
Nestle India plans to declare a special dividend on July 3, rewarding over 5 lakh retail shareholders, alongside its final dividend for the financial year 2026.
China adds 2 US rare earth firms to export controls
China has added MP Materials and USA Rare Earth to its export control list, banning shipments of dual-use items amid rising tensions over critical mineral supply chains.
HCLTech rolls out 'physical AI' to power robots and machines
HCLTech’s Sukant Acharya emphasizes how integrating robotics, AI, and digital twins is revolutionizing industries by enhancing efficiency, innovation, and sustainability.
Indian markets steady with Gift Nifty 24,164 amid Iranian walkout
Indian equity markets are expected to open flat-to-positive amid mixed global cues, as optimism over U.S.–Iran peace talks is tempered by initial negotiation setbacks.
Asian stocks climb after U.S.-Iran peace talks news, mixed gains
Asian markets gained on Monday, with Japan's Nikkei 225 and South Korea's KOSPI rising up to 2%, as US-Iran peace talks showed initial progress despite geopolitical tensions.
Japan's Nikkei 225 tops 72,000 as AI investments surge
Japan's Nikkei 225 surpassed 72,000 for the first time, driven by robust AI investments and government plans to boost strategic sectors like chips and technology.
Bharat Forge wins ₹425cr contract for Kolkata-class 1.25 MW generators
Bharat Forge shares gain attention after securing a ₹425-crore contract with the Ministry of Defence to supply advanced Gas Turbine Generators for Indian Navy warships.
Oil jumps 2.2% as President Trump warns Iran over Hezbollah
Oil prices rose over 2% after President Trump warned of military action against Iran, raising concerns about setbacks in peace talks and disruptions in the Strait of Hormuz.
Satya Nadella calls out small group dominating the AI world
Microsoft CEO Satya Nadella calls for democratizing AI, criticizing the dominance of a few companies and advocating for cheaper models, user control, and shared societal benefits.
RBI to cover hedging costs enabling higher FCNR(B) deposit rates
The Reserve Bank of India’s latest move allows NRIs to earn up to 7% on dollar-denominated FCNR deposits, offering tax-free returns and eliminating currency risk.
India's Zepto readies $1 billion IPO after 640 million orders
Zepto's $1-billion IPO highlights its focus on improving monetisation and profitability, as the quick commerce sector shifts from growth to financial performance metrics.
AI startups across India boost hiring 21% year over year
India's AI startups are driving a hiring boom, outpacing the broader tech sector as demand for generative AI and automation accelerates large-scale deployments.
India's deep tech startups poised for hundreds of millions funding
Indian deep-tech startups in space and AI are poised to secure hundreds of millions in investments, fueled by rising sovereign demand and strategic global market opportunities.
Jamieson Greer in New Delhi to finalize U.S.-India interim deal
US Trade Representative Jamieson Greer is in India to advance discussions on the interim trade deal, aiming to finalize the first phase of the US-India Bilateral Trade Agreement.
Rewards and cashback boost UPI growth for select fintechs
New fintech apps like Navi and super.money are leveraging cashback not just for payments but to drive growth in credit, commerce, and financial products.
Jio Platforms IPO to almost double Reliance's BSE market share
Jio Platforms' IPO could elevate Reliance Industries Group's market cap share on BSE to nearly 7%, positioning RIL and JioP as India's top two companies by valuation.
India unveils ₹7,100cr semiconductor incentives to attract ₹15,000cr investment
India will disburse ₹7,100 crore in FY27 to boost domestic semiconductor manufacturing and design, aiming to attract ₹15,000 crore investments and create 4,700 jobs.
Hayley Waller named head of Guardian Labs Australia, experienced executive
Hayley Waller has been named head of Guardian Labs Australia, bringing extensive media and commercial leadership experience from roles in Australia and the UK.
Yotta invests $6B to increase NVIDIA Blackwell GPUs to 30,000
Yotta Data Services is investing $6 billion to expand its AI infrastructure, increasing Nvidia GPU deployments to meet surging demand from Indian and global customers.
CCPA fines Storia Foods and Beverages, English Oven ₹1L each
CCPA penalized two companies Rs 1 lakh each for misleading "100%" natural product claims, directing them to halt deceptive advertisements across all platforms.
General Motors replaces 1,000-plus Factory Zero workers with 50 cobots
General Motors has replaced over 1,000 workers with 50 collaborative robots at its Detroit Factory Zero plant, citing cost-cutting and safety improvements amid declining EV demand.
India's merchandise exports up by 15% in Apr-Jun: Piyush Goyal
India's merchandise exports have witnessed a remarkable growth of around 15% during April 1-June 14, Commerce and Industry Minister Piyush Goyal announced today.
Market cap of India's top 9 companies up ₹2.15L crore
The combined market capitalization of nine out of India's top 10 most valued companies witnessed a major surge, gaining ₹2.15 lakh crore last week.
India's Russian oil imports have gone up in June
India's crude oil imports from Russia surged to an average of 2.66 million barrels per day (bpd) in June, according to data from maritime and commodity intelligence firm Kpler.
Air India Express introducing 1st international route from Navi Mumbai
Air India Express has announced the launch of direct flights from Navi Mumbai to Abu Dhabi, starting July 15.
Tech Mahindra has leased 4L sqft office space in Hyderabad
Tech Mahindra has signed a long-term lease for nearly four lakh square feet of office space in Hyderabad.
India-US trade deal can't be implemented without competitive advantage: Goyal
Commerce and Industry Minister Piyush Goyal has said the proposed trade agreement between India and the US cannot be implemented until a competitive advantage is secured.
Founder of Assassin's Creed maker Ubisoft dies in plane crash
Claude Guillemot, the co-founder of video game giant Ubisoft, died in a plane crash on Friday.
Garden Reach Shipbuilders is now a 'Navratna' company
Garden Reach Shipbuilders and Engineers (GRSE), a leading defense public sector company, has been awarded the prestigious 'Navratna' status by the Department of Public Enterprises under the Ministry of Finance.
Google DeepMind loses Nobel-winning VP in latest high-profile exit
John Jumper, Vice President of Google DeepMind and a 2024 Nobel Prize in Chemistry winner, has announced his departure from the company.
SBI, Axis Bank among lenders set to raise $2B overseas
India's leading banks, including State Bank of India (SBI), Axis Bank, and Bank of Baroda (BoB), are set to collectively raise at least $2 billion from international markets.
PhonePe to charge ₹100 quarterly fee on inactive wallets
PhonePe, a leading digital payment and financial services company, has updated its wallet policy.
Why China is tightening its grip on indium exports
China is tightening its grip on indium exports, a metal critical for next-gen data centers.
CRED's biometric UPI feature nears 10M users
CRED, a fintech start-up founded by Kunal Shah, is on the verge of hitting a major milestone with its biometric authentication feature for UPI payments.
Jio eyes $230B global opportunity with homegrown telecom tech
Jio Platforms Ltd is eyeing a massive $230 billion global market opportunity with its homegrown telecom technology.
Air India CEO race narrows to Nipun Aggarwal, Vinod Kannan
Air India's leadership race is heating up with Nipun Aggarwal and Vinod Kannan as top contenders.
Global investors pull out $8.5B from India-focused funds
Global investors have pulled out nearly $8.5 billion from India-focused funds in 2026, a report by Elara Securities has revealed.
Reliance targets ₹4L crore EBITDA by 2031, focuses on AI
Reliance Industries has announced its ambitious plan to double its core profits (EBITDA) to ₹4 lakh crore by 2031.
SBI Mutual Fund gets SEBI nod for ₹13,000cr IPO
SBI Mutual Fund, India's leading asset management company, has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO), according to PTI.
Jio Platforms files for $4B IPO, to be India's largest
Jio Platforms, the digital subsidiary of Reliance Industries, has filed a draft red herring prospectus (DRHP) with SEBI for an initial public offering (IPO) expected to raise around ₹37,000 crore ($4 billion).
BrahMos missile deal with Vietnam in final stages
The deal for the supersonic BrahMos missile with Vietnam is in its final stages, said Jaiteerth Joshi, CEO of BrahMos Aerospace.
Reliance is building world's first autonomous refinery
Reliance Industries is gearing up to transform its Jamnagar facility into the world's first end-to-end autonomous refinery, Anant Ambani, the company's Executive Director, announced at the 49th annual general meeting.
JioHotstar clocks 450M+ monthly active users
Reliance Jio's streaming platform, JioHotstar, has achieved a major milestone with 451 million monthly active users (MAUs) in FY26.
Reliance Jio's 5G subscriber base crosses 268M
Reliance Jio has announced a major milestone in its 5G journey.
Jio Platforms to file IPO papers today, says Mukesh Ambani
Reliance Industries Chairman and Managing Director Mukesh D. Ambani, the largest shareholder of the group, has announced the filing of the Draft Red Herring Prospectus (DRHP) for Jio Platforms' Initial Public Offering (IPO).
Reliance Industries reports record revenue and profit in FY26
Reliance Industries Limited (RIL) has reported a record high revenue and net profit for the fiscal year 2026 (FY26).
Infosys shares plunge 9%, wiping out ₹40,000cr investor wealth
Infosys's shares plummeted by a staggering 9% on Friday, hitting a new 52-week low of ₹1,030 per share on the Bombay Stock Exchange (BSE).
Oil prices fall as Strait of Hormuz reopens
Oil prices witnessed a decline on Friday amid the reopening of the Strait of Hormuz and an interim US-Iran deal.
Japanese yen nears 40-year low against US dollar
The Japanese yen has plummeted sharply against the US dollar, crossing the 161 mark and nearing a four-decade low.
TCS overtakes Accenture as world's most valuable IT services firm
Tata Consultancy Services (TCS) has surpassed Accenture to become the world's most valuable IT services company for the first time since 2021.
Meta in talks to invest in CRED at $4B valuation
Meta, the parent company of Facebook, is said to be in talks to invest in Indian fintech and payments start-up CRED.
Intel shares surge 10% after Trump announces Apple chip deal
Intel's shares soared by 10% on Thursday, following President Donald Trump's announcement of a partnership between the semiconductor giant and Apple.
Craigslist founder gives away $500M, slams billionaires leaving donation pledge
Craig Newmark, the multi-millionaire founder of online classifieds platform Craigslist, has given away about $500 million to charity since starting the company 30 years ago.
Sensex, Nifty plunge over 700 points as IT stocks crash
The Indian stock market witnessed a sharp decline in early trade on Friday, breaking a five-day winning streak.
Reliance AGM today: When and where to watch live
Reliance Industries is gearing up for its 49th Annual General Meeting (AGM) today, with investors keenly awaiting updates on the company's future plans.
Trump mocked Bezos, Zuckerberg's attempts to win him, book reveals
In a new book by New York Times reporters Maggie Haberman and Jonathan Swan, it has been revealed that Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos tried to win over the US President Donald Trump after his 2024 election victory.
Starbucks plans 50-100 new stores every year in India
Starbucks is planning to expand its footprint in India by opening 50-100 new stores every year. This was revealed by Tata Starbucks Chief Executive Officer Sushant Dash in an interview with Bloomberg Television.
BBC to cut 550 jobs as part of cost-saving plan
The British Broadcasting Corporation (BBC) has announced plans to cut 550 jobs in its news, nations, and TV and radio content divisions.
Meta CTO says workers' morale is near record lows
Meta's Chief Technology Officer (CTO) Andrew Bosworth has evealed that employee morale at the company is probably one of the worst it's ever been.
NSE IPO could turn SBI's ₹2cr bet into nearly ₹5,000cr
The State Bank of India (SBI), India's largest lender, is poised to make a massive profit from its investment in the National Stock Exchange (NSE).
IndiGo launches airport cab service
IndiGo has launched a new airport transfer service called 'Cabs with IndiGo.' The innovative offering lets customers book cabs to and from airports in different Indian cities.
Gold, silver prices fall after US Fed holds rates steady
Gold and silver prices have witnessed a decline after the US Federal Reserve's decision to keep interest rates unchanged.
India-UK FTA starts July 15: What's getting cheaper for Indians?
India's Free Trade Agreement (FTA) with the United Kingdom will come into effect on July 15, nearly a year after it was signed.
Bitcoin price drops below $65,000
Bitcoin's price has dropped below the crucial $65,000 mark amid easing geopolitical tensions in the Middle East and a more hawkish stance from the US Federal Reserve.
India seeks $2.5B loans from World Bank, ADB
India is in talks with the World Bank and Asian Development Bank (ADB) to secure $2.5 billion in funding, according to Bloomberg.
Cult.fit plans ₹4,000cr IPO this month
Cult.fit, India's leading fitness services provider, is gearing up to file its draft red herring prospectus (DRHP) for an initial public offering (IPO) worth ₹3,500-4,000 crore this month, as per Moneycontrol.
JPMorgan drops Anthropic's Claude from approved list in Hong Kong
JPMorgan has removed Anthropic's Claude AI models from an internal list of approved AI tools in Hong Kong, according to Financial Times.
Oil prices fall as US-Iran peace deal eases supply fears
Oil prices fell on Thursday after US President Donald Trump and his Iranian counterpart Masoud Pezeshkian signed a deal.
NSE files for ₹30,000 crore IPO
The National Stock Exchange of India (NSE), the country's largest stock exchange and a major player in global derivatives market, has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI.
How a $4B sneaker brand became an AI company
Shoe manufacturer-turned-AI infrastructure firm, Allbirds, has announced a major rebranding and executive change. The company will now be known as Smartbird.
RBI removes interest rate cap on new FCNR(B) deposits
The Reserve Bank of India (RBI) has removed the interest rate ceiling on new three- and five-year Foreign Currency Non-Resident Bank (FCNR-B) deposits.
This Indian data center company raised ₹7,000cr at ₹44,914cr valuation
CtrlS Datacenters, a leading Indian data center company, has secured a massive ₹7,000 crore investment from the Canada Pension Plan Investment Board (CPP Investments).
Why IOC, BPCL, and HPCL could each gain ₹20,000cr
India's oil marketing companies (OMCs) could see a major boost in profitability if the current trend of falling crude oil prices continues.
Manipal Hospitals plans $1B IPO in July
Manipal Health Enterprises, which runs the Manipal Hospitals chain, is planning to launch its initial public offering (IPO) as early as next month, as per the Economic Times.
Blue Star, Voltas shares rally amid delayed monsoon
Shares of air conditioner manufacturers and related companies have witnessed a jump of up to 5% on Wednesday.
This 25-year-old sold his AI start-up to Musk for $60B
Michael Truell, a 25-year-old co-founder and CEO of Cursor, an AI coding start-up, has become one of the youngest self-made billionaires in the artificial intelligence era.
Does Louis Vuitton owner Bernard Arnault control French press?
Bernard Arnault, the billionaire owner of the world's largest luxury group LVMH, is facing criticism from journalists' unions in France for his increasing dominance over the country's business and economic press.
Why US government wants lawsuit against xAI to be dismissed
The US Justice Department has moved to dismiss a lawsuit against Elon Musk's xAI, a company accused of operating without proper permits.
You can soon order electronics, jewelry, furniture on Amazon Now
Amazon is ramping up its quick-commerce operations in India by launching over 100 Urban Fulfillment Centers (UFCs).
This housing finance company is planning ₹3,000cr IPO in India
Warburg Pincus-backed TruHome Finance is gearing up for a ₹3,000 crore initial public offering (IPO), Moneycontrol reported.
Google Pay, PhonePe's combined UPI market share now below 80%
For the first time since the National Payments Corporation of India (NPCI) began publishing app-specific transaction data, PhonePe and Google Pay's combined market share has fallen below 80%.
Air India now offers 'Basic' fare on certain domestic flights
Air India has launched a new 'Basic' fare on select domestic routes, aimed at price-conscious travelers.
India's stock market regains $5T valuation
The combined market capitalization of all BSE-listed companies has crossed the $5 trillion mark, hitting a six-week high.
Why Vedanta Aluminium shares are down 14% in 3 days
Vedanta Aluminium, touted as the "crown jewel" of Vedanta Group, has witnessed a massive 14% decline in its shares within three days of listing.
SpaceX overtakes Amazon, Microsoft in market value
SpaceX briefly surpassed Microsoft in market capitalization on Tuesday, becoming the fourth-largest company in the world.
Jio set to file for $4B IPO within days
Reliance Jio Infocomm is expected to file its draft papers for a $4 billion initial public offering (IPO) "within days," as per the Financial Times.