Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
India's IPO market hits ₹1.79L/cr, 2nd consecutive record in FY26
Indian companies raised a record ₹1.79 lakh crore through main board IPOs in FY26, marking a 10% increase from the previous year's high.
Cosmoserve Space and Pixxel Space team up for debris removal
Cosmoserve Space is teaming up with Pixxel Space to demonstrate space debris removal capabilities using Pixxel's satellite technology platform in 2027.
Runway launches $10 million fund for AI, media, world simulation startups
AI video generation startup, Runway, has launched a $10 million venture fund and a Builders program to support early-stage AI startups.
US stocks rebound as S&P 500, Nasdaq rise over 1%
US stocks experienced a rebound as oil prices steadied, with the S&P 500 jumping 1.3%. This comes amid ongoing market monitoring of the war in West Asia.
CBDT mandates DIN on income tax communications to curb fraud
The Central Board of Direct Taxes (CBDT) now requires a Document Identification Number (DIN) for all official income tax correspondences, enhancing verification authenticity.
Government rolls out renumbered TDS/TCS forms April 1 2026
The Income-tax Act, 2025 introduces revised TDS forms effective from April 1, 2026, featuring simplified data entry and streamlined reporting.
CoreWeave secures $8.5 billion to expand AI cloud infrastructure
Cloud infrastructure firm, CoreWeave, has secured an $8.5 billion loan to fuel the expansion of its artificial intelligence cloud platform amidst rising demand for computing power.
Willie Walsh to lead IndiGo as CEO from August 2026
Willie Walsh, a veteran aviation executive with over 40 years of experience and former IATA chief, has been named the new CEO of India's largest airline, IndiGo.
Oil tops $100, Indian industry seeks relief, CII urges caution
India Inc is grappling with the West Asia energy shock, calling for targeted relief measures and expedited government action to mitigate the impact on growth and trade.
Voltify raises $30 million to electrify railroads without ripping up tracks
US-Israeli startup, Voltify, has raised $30 million to develop a platform for transitioning rail operators from diesel to electric power.
Sensex, Nifty likely to rebound on Wednesday: Here's why
The Indian stock market's benchmark indices, the Sensex and Nifty, are expected to open higher on Wednesday. This comes after a two-day losing streak.
China's Zhipu leans on homegrown chips after 132% revenue rise
Chinese AI firm, Zhipu AI, is accelerating its use of local chips to meet increasing computing demands, following a robust revenue growth in 2025.
IIT Bombay, ideaForge launch 6-month program to support deep-tech talent
IdeaForge Technology and IIT Bombay have partnered to launch a six-month programme aimed at identifying and nurturing emerging deep-tech founders.
Whoop raises $575 million led by Collaborative Fund at $10.1B valuation
Fitness band maker Whoop has raised an additional $575 million, reaching a valuation of $10.1 billion as it progresses towards an initial public offering (IPO).
Gold and silver surge on MCX amid strong US dollar
Gold rates increased by over 1% and silver prices jumped by nearly 4% on MCX, despite predictions of a negative end to the month for both precious metals.
Huawei's 2025 revenue growth slows to 2.2%, 880.9B yuan
Chinese tech giant, Huawei, reported a slowdown in revenue growth to 2.2% in 2025, compared to a 22% increase in the previous year.
TSMC cannot meet surging AI chip demand despite $56B plan
The global AI boom is straining Taiwan's TSMC production capacity, providing an opportunity for Samsung Electronics to gain ground in the advanced chip market.
Ashwini Vaishnaw says India's 1st semiconductor fab will open 2028
Union Minister Ashwini Vaishnaw announced India's first semiconductor fabrication plant will be established in Dholera by 2028, following rapid industry expansion.
Netafim launches AI dosing 5G series FertiKit 5G NetaJet 5G
Netafim, Orbia’s precision agriculture business, has introduced its 5th generation AI-enabled automated Dosing 5G product range for optimal fertigation management.
Indians use 31GB mobile data monthly, 47% users on 5G
India's average monthly mobile data consumption per user has surpassed the 31GB mark in 2025, a significant increase from 27.5GB in 2024.
RBL Bank opens 23 new branches, now totals 603 outlets
RBL Bank intends to open 200 additional branches in the financial year 2027, expanding its network to over 800 branches.
Sensex gives zero returns in 2 years: Should you hold?
India's equity markets have been lackluster over the last two years, with the benchmark Sensex now hovering near a two-year low. The index has delivered zero returns during this period.
Sycamore raises $65 million seed to help enterprises manage AI agents
Agentic AI startup, Sycamore, has raised $65 million in a seed round led by Coatue and Lightspeed Venture Partners.
CMA CGM expands in India with LNG ships, AI hub
CMA CGM Group is intensifying its India strategy by commissioning LNG-powered vessels, launching a direct US trade route, and establishing an AI-focused R&D hub.
Biocon cuts hundreds of jobs amid biologics and generics merger
Biocon is reducing its workforce as it finalizes the integration of its biologics and generics businesses, impacting hundreds across various roles.
Raspberry Pi earnings rise 25% as shipments hit 7.6 million
Raspberry Pi, a British single-board computing company, has reported a 25% increase in annual earnings due to rising demand and price hikes linked to higher memory chip costs.
Microsoft, Amazon, Alphabet and Meta eye $635B AI infrastructure investment
The escalating Middle East crisis and rising energy costs pose a significant challenge to the planned $635 billion spending on AI infrastructure by tech giants in 2026.
Saronic Technologies raises $1.75B led by Kleiner Perkins valued $9.25B
Saronic Technologies, a producer of autonomous ships, has raised $1.75 billion in a late-stage funding round, pushing its valuation to $9.25 billion.
Conflict involving US Israel and Iran pushes UK fuel prices
The ongoing US-Israeli war with Iran is significantly affecting UK citizens' finances, impacting everything from petrol prices to mortgage rates.
How US-Iran war has triggered a global helium crisis
The ongoing conflict in Iran is not just affecting energy supplies but also disrupting the supply of helium, a gas critical for cooling artificial intelligence chip-making tools and MRI scanners.
IndiGo appoints William Walsh CEO after Pieter Elbers exits early
Former British Airways chief, William Walsh, has been named the new CEO of Indian airline IndiGo, following Pieter Elbers' resignation.
Who is William Walsh, IndiGo's new CEO?
IndiGo has announced the appointment of William Walsh, former British Airways chief, as its new Chief Executive Officer (CEO). The announcement comes after Pieter Elbers's exit from the company.
Air India's new codeshare deal opens doors to Central Asia
Air India has signed a codeshare agreement with Uzbekistan Airways, effective from March 20, 2026.
Narendra Modi opens Kaynes Semicon Sanand ₹3,300 cr facility
Prime Minister Narendra Modi has inaugurated the ₹3300 crore Kaynes Semicon OSAT facility in Gujarat, terming it a "bridge between Sanand and Silicon Valley".
National Grid UK plans up to $400 million GCC in India
National Grid UK Ltd plans to invest up to $400 million to establish a global capability centre (GCC) in India, aiming for completion by 2032.
Eurozone inflation hits 2.5% in March surpassing ECB 2% goal
Euro zone inflation has surpassed the European Central Bank's 2% target due to escalating oil and gas prices, posing a policy challenge.
India may lose 1% GDP growth if US-Iran war continues
The ongoing conflict between US and Iran in West Asia could have a major impact on India's economic growth, according to a recent report by EY.
Airbnb now offers private car pickups in 125 global cities
Airbnb is partnering with Welcome Pickups to offer a private car pick-up service across 125 global cities, enhancing its services feature.
Nithin Kamath warns retail investors AI won't boost trading profits
Nithin Kamath argues that despite advancements, AI cannot ensure consistent profits for retail investors due to behavioural biases and lack of informational edge.
Tata Communications launches IZO DC dynamic connectivity across 5 continents
Tata Communications has introduced IZO™ Data Centre Dynamic Connectivity, a self-healing, intelligent network designed to revolutionize global data centre connectivity.
Bitcoin near $67,100 ₹63L as Ethereum holds near $2,000 ₹1.93L
Bitcoin's price hovers near $67,100 as analysts suggest the current market reflects a consolidation phase rather than a breakout amidst macroeconomic uncertainty.
Japan's Nikkei falls 13.2% in March on Middle East tensions
Japan's Nikkei share average dropped for the fourth consecutive day, marking its worst month since the 2008 financial crisis due to escalating Middle East tensions.
European stocks nudge higher amid easing Middle East tensions
European stocks slightly rose on Tuesday, yet are poised for their largest monthly drop since 2020 due to Middle East conflict-induced supply chain disruptions.
Bachatt raises $12 million led by Accel for AI expansion
Wealth management startup Bachatt has raised $12 million in a funding round led by Accel. Existing investors Lightspeed and InfoEdge Ventures also participated in the round.
Gold ETFs lose $21.35 billion in March after U.S.-Israel offensive
In March, global investors withdrew $2.3 for every dollar invested in physically-backed gold exchange-traded funds (ETFs), resulting in significant outflows.
AC and refrigerator prices rising up to 10% this summer
Due to the ongoing US-Iran war, consumers may face up to a 10% increase in prices for appliances such as air conditioners and refrigerators this summer.
Sensex slips 7% to near 72,000 after 2 years flat
The Sensex has seen a drastic fall from its anticipated 100,000 mark to a two-year low, delivering zero returns over the past two years.
Unilever nearing food brands merger with McCormick for $15.7bn cash
Unilever is in advanced talks to merge its food business with McCormick, amid pressures from changing consumer habits and competition in the packaged food industry.
Blackstone explores AGS Health IPO in Mumbai to raise $500 million
Blackstone Inc. is reportedly planning a $500 million Initial Public Offering (IPO) for its Mumbai-based unit, AGS Health Pvt., seeking a valuation of $3 billion.
India rolls out new financial rules from April 1, 2026
Starting April 1, 2026, several financial rules will change, impacting digital payments, train ticket cancellations, and ATM transactions.
Air India and Uzbekistan Airways start Delhi Mumbai Tashkent codeshare
Air India and Uzbekistan Airways have initiated a codeshare partnership, enhancing travel connectivity between India and Central Asia from March 20, 2026.
Marc Andreessen calls blaming AI for layoffs an easy excuse
Venture capitalist Marc Andreessen refutes the common belief that AI is causing mass layoffs, attributing job losses instead to post-pandemic economic shifts and overhiring.
INOX Air Products gearing up for $1B IPO in India
INOX Air Products, a leading player in the industrial and medical gas sector, is gearing up for a major initial public offering (IPO) in Mumbai.
Oil slips 1% as Trump signals possible end to war
Oil prices fell by nearly 1% on Tuesday, following reports that US President Donald Trump was open to ending the war against Iran.
This B2B manufacturing platform wants to raise ₹5,000cr via IPO
Zetwerk, a leading B2B manufacturing platform, has filed confidential papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
Disney might be interested in buying Fortnite creator Epic Games
The gaming and entertainment industries could be on the verge of a major merger, with rumors of Disney's interest in acquiring Epic Games.
China's factory growth hits 1-year high despite war-related disruptions
China's factory activity expanded at its fastest rate in a year during March, an official survey showed on Tuesday.
EY warns Middle East conflict could dent India FY27 growth
India's GDP growth could decrease by 1% and retail inflation could rise by 1.5% if the Middle East conflict continues, according to an EY report.
F&O trading to become costlier from tomorrow
Trading in equity derivatives is set to become more expensive from April 1.
Airtel raises $1B for data center arm amid AI boom
India's telecom giant Bharti Airtel has raised $1 billion for its data center arm, Nxtra Data. The investment comes from global private equity firms Alpha Wave Global, Carlyle and Anchorage Capital.
Singapore's Future Wealth Investments launches venture fund seeking $50 million
Singapore-based Future Wealth Investments has launched its first venture fund, targeting a corpus of $50 million. The fund will primarily focus on early-stage investments.
Made ITR mistake? Today is last day to fix it
As the March 31 deadline nears, taxpayers who have made mistakes in their tax returns still have a chance to amend them.
Sathya Agencies readies ₹600cr IPO split into 2 300cr parts
Sathya Agencies Ltd has submitted preliminary documents to Sebi, planning to raise Rs 600 crore through an initial public offering (IPO).
Unilever freezes global hiring as US-Iran war disrupts global trade
Unilever, the multinational consumer goods company with over 400 brands, has announced a global hiring freeze.
China manufacturing posts strongest month since last March, PMI 50.4
China's factory activity in March reached a one-year high, despite increasing global supply chain disruptions and war-related risks.
AI tools help solo entrepreneurs run businesses in China
AI agents like OpenClaw, backed by billions from Sam Altman, are powering the rise of solo entrepreneurs in China's e-commerce sector, says Alibaba president Kuo Zhang.
Indian brands and policies spur sports industry investment and growth
Indian corporations are increasingly investing in the nation's sports sector, driving its potential growth towards a $40 billion valuation.
Brazil and Turkey block renewal of WTO digital tariff ban
The US is exploring alternative trade deals after World Trade Organization (WTO) countries failed to renew an e-commerce duty moratorium during a meeting in Cameroon.
Indian stock markets end FY26 weakest since FY20 after outflows
India's stock market concluded FY26 on a low note, with the Nifty 50 and Sensex recording their weakest fiscal performance since FY20.
China's market steadier as renewables and reserves blunt global shocks
Chinese equities are outperforming global counterparts amid the Iran conflict, with their strength in renewable energy and economic stability proving advantageous.
Wall Street's 2026 start falters amid energy costs, global tensions
Wall Street is bracing for its worst quarter in nearly four years, as escalating Middle East conflict triggers fears of a global recession.
Bengaluru startup Fanon raises $1 million pre seed to empower fans
Bengaluru-based social community platform Fanon has raised $1 million in a pre-seed round. The funding was co-led by Kalaari Capital and Gruhas Venture Capital.
New York prosecutors meet Polymarket over suspicious insider trading bets
Federal prosecutors are probing Polymarket, a prediction market platform, over potential insider trading linked to suspicious bets.
Brent crude $113.17 amid Gulf tensions, global recession fears
Brent crude oil prices continued to climb as European stocks and a major Wall Street index saw gains, despite ongoing global growth concerns and rising inflation.
Novo Nordisk to cut Ozempic price in India after generics
Novo Nordisk plans to reduce the price of its diabetes drug, Ozempic, in response to cheaper generic versions launched by Indian pharmaceutical companies.
JPMorgan Chase ties software engineers' performance ratings to AI use
JPMorgan Chase is urging its software engineers to incorporate AI tools into their daily work, linking their performance ratings to productivity.
Okta CEO Todd McKinnon warns of 'SaaSpocalypse' amid AI opportunity
Okta's CEO, Todd McKinnon, perceives a significant opportunity in managing the access and security credentials of AI agents within corporations.
Convertible debentures: What they are actually
Indian convertible debentures are an interesting investment option for those looking for a combination of fixed income and equity participation.
Centre wants advisories to be legally binding on Meta, others
The Indian government has proposed amendments to its Information Technology (IT) law.
HDFC Bank ex-chair breaks silence on sudden resignation
Atanu Chakraborty, the former part-time chairman of HDFC Bank, has clarified his reason for resigning on March 18.
Agriculture loans: What are the types available?
Agriculture loans are a lifeline for farmers in India, enabling them to fund their farming activities and manage expenses.
MS Dhoni backs AI storytelling platform Kuku
Former Indian cricket captain Mahendra Singh Dhoni has invested in Kuku, a mobile-first artificial intelligence (AI)-driven storytelling platform.
India's industrial output rises 5.2% year-on-year in February
India's industrial output witnessed a jump in February 2026, with the Index of Industrial Production (IIP) growing by 5.2% year-on-year.
Centre clears 1st rare-earth magnet unit in ₹7,100cr electronics push
The Indian government has approved 29 projects worth ₹7,104 crore under the Electronics Component Manufacturing Scheme (ECMS).
Sensex tanks 1,635 points, investors lose nearly ₹10 lakh crore
The Indian equity markets witnessed a massive sell-off on Monday, with the Sensex crashing over 1,600 points and the Nifty falling below the crucial 22,400 mark.
American Airlines 'flight' turn out to be bus-ride, passengers shocked
American Airlines has come under fire for using busses as a mode of transport on certain routes, as part of its Landline service.
Perks to loans: What changes for salaried employees from April
Starting April 1, 2026, salaried employees in India will witness major changes in their corporate perks.
Indian rupee crashes past 95/dollar for first time
The Indian rupee hit a record low today, breaching the key psychological level of 95 against the US dollar.
ATM rules change from April 1: Know limits and charges
HDFC Bank, Punjab National Bank (PNB), and Bandhan Bank have announced changes to their ATM usage rules.
Epic Games layoffs spark backlash over terminally ill employee case
Epic Games, the company behind the popular game Fortnite, has come under fire for its recent decision to lay off 1,000 employees.
Your UPI and card payments are changing from April 1
India's digital payments ecosystem is gearing up for a major security upgrade as the Reserve Bank of India (RBI) prepares to implement stricter authentication norms from April 1.
INR jumps 130 paise to 93.59 after RBI curbs speculation
The Indian rupee opened 130 paise higher against the US dollar today, following a recent directive from the Reserve Bank of India (RBI).
IndiGo enhances India-China air connectivity with daily Kolkata-Shanghai flights
IndiGo has launched a daily non-stop flight connecting Kolkata and Shanghai, starting March 29, 2026. The new service will be operated by A320neo aircraft.
Central Mine shares debut 7% below IPO price amid volatility
Central Mine Planning & Design Institute Ltd (CMPDI) made a lackluster debut on the Indian stock market today.
Key tax and GST tasks to complete before March 31
As the financial year comes to an end, March 31 becomes a crucial deadline for individual taxpayers and businesses.
Mounjaro-maker inks $2.7B deal to speed up AI drug discovery
US pharmaceutical giant Eli Lilly has signed a massive $2.75 billion deal with Hong Kong-listed biotech firm Insilico Medicine.
Why safe haven gold is not rising during global uncertainty
Gold and silver prices fell on Monday amid weakness in the global commodity markets.
India's biggest IPO slips below issue price. What's dragging Hyundai?
Hyundai Motor India Ltd's shares have witnessed a major decline, falling another 2.59% today. The stock has been on a downward trajectory, declining in six of the last seven trading sessions.
Gold demand falls 70% as US-Iran war enters fifth week
The ongoing conflict in West Asia is taking a toll on Indian gold and jewelry retailers, with sales in key Gulf markets plummeting by as much as 70% in March compared to last year.
Why Sensex is down 1,000 points today
The Indian stock market is witnessing a major downturn today, with the benchmark indices Sensex and Nifty facing severe selling pressure for the second consecutive session.
Oil prices jump to $116 as US-Iran war escalates
Global oil prices have surged sharply as the Iran-backed Houthi movement from Yemen has entered the West Asia conflict.
HDFC Bank at a 16-year low, suddenly everyone's bullish again
HDFC Bank, India's largest private lender, is in the spotlight today after a major fall in its share price.
Airtel, Tata Teleservices to pay ₹10,000cr AGR dues by tomorrow
Telecom giants Bharti Airtel and Tata Teleservices have been asked to pay nearly ₹10,000 crore to the government by March 31. The payment is part of their adjusted gross revenue (AGR) dues.
Foreign investors flee Indian markets in record $12B sell-off
Foreign investors have been selling off Indian stocks at an unprecedented rate, with net sales worth $11.7 billion through March 25, Bloomberg reported.
Asian markets crash up to 5% as US-Iran war deepens
Asian stock markets took a major hit on Monday, with Japan's Nikkei 225 and South Korea's Kospi witnessing massive falls of nearly 4% and over 5%, respectively.
Modi government plans relief for MSMEs amid West Asia crisis
The Indian government is mulling over the idea of introducing more economic relief packages for vulnerable sectors, including MSMEs.
Why Deloitte thinks AI will not cause job losses
Nitin Kini, the Chief Operating Officer of Deloitte South Asia, has dismissed fears of job losses due to artificial intelligence (AI).
Why India has sent 38,000MT of petroleum to Sri Lanka
India has dispatched a major shipment of 38,000 metric tons (MT) of petroleum to Sri Lanka.
NCR housing sales down 17% QoQ: What's the reason?
Housing sales in the National Capital Region (NCR) have witnessed a major decline of 17% on a quarter-on-quarter basis.
Market cap of India's top 7 firms down ₹1.75L crore
The combined market capitalization of seven out of the top 10 most valued companies in India, including Reliance Industries and HDFC Bank, fell by a whopping ₹1.75 lakh crore last week.
Why NCLAT has dismissed BSE's appeals over demat accounts
The National Company Law Appellate Tribunal (NCLAT) has dismissed appeals filed by the Bombay Stock Exchange (BSE).
Wars can be financially beneficial for you, says Robert Kiyosaki
Amid the escalating Iran-US-Israel conflict and skyrocketing oil prices, Robert Kiyosaki, the author of Rich Dad Poor Dad, has warned that wars can be financially beneficial for some.
How IndiGo is boosting connectivity from Navi Mumbai airport
IndiGo, India's leading airline, is set to expand its operations from Navi Mumbai International Airport.
Apple celebrates 50th anniversary with special mural at BKC store
Apple recently celebrated its 50th anniversary with a special event at its BKC store in Mumbai.
How US-Iran war is affecting India's economy this March
India's economic growth showed resilience until February 2026, driven by strong domestic demand and infrastructure development.
India's growth shows early signs of moderation amid US-Iran war
India's economic momentum remained strong until early 2026, but the Finance Ministry's March Monthly Economic Review has flagged emerging signs of moderation.
PLI scheme proves highly effective for India
India has manufactured mobile phones worth ₹24 lakh crore ($250 billion) since FY 2020-21, largely due to the government's Production-Linked Incentive (PLI) scheme.
Jio Financial eyes entry into life, general insurance business
Jio Financial Services (JFS), a Mukesh Ambani-backed company, is gearing up to enter the life and general insurance business in 2026. The move is subject to regulatory approvals.
US-Iran war may hit India's remittances, currency, and fiscal balance
The ongoing conflict in West Asia could put pressure on India's remittances, currency stability, and fiscal finances. This is due to the disruption of economic flows with the Gulf region.
Indian banks urge RBI to reconsider $100M forex cap
Indian banks have urged the Reserve Bank of India (RBI) to reconsider its new limit on net open foreign exchange positions.
Vedanta will split into 5 companies this April
Anil Agarwal, Chairman of Vedanta Group, has confirmed plans to break the company into five separate entities next month.
WTO adopting world's first baseline on digital trade rules
A group of World Trade Organization (WTO) members have agreed to bypass adoption hurdles for the world's first baseline on digital trade rules.
This Saudi pipeline is pumping 7M oil barrels per day
Saudi Arabia is now using its East-West pipeline to pump crude oil at full capacity, Bloomberg reported on Saturday.