Business News
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SBI plans about 12,000 hires and 250 branches in 2026-27
State Bank of India (SBI) plans to recruit 12,000 personnel and expand its network by adding 250 branches in FY27, according to Chairman C S Setty.
US AI investments drive job surge, European inflation hits 3.3%
US job growth surged in August, with payrolls rising the most in five months and unemployment steady at 4.1%, driven by gains in manufacturing, construction, and AI investments.
Foreign investors withdraw 7,443cr from Indian stocks, YTD 2.32L/cr
Foreign portfolio investors withdrew ₹7,443 crore from Indian equities in early September, driven by rising crude oil prices, firm US bond yields, and a strengthening dollar.
Government revises central employee bonus using ₹7,000 or minimum wage
The central government may revise bonus calculations, considering demands to increase the ceiling from ₹7,000 to ₹21,000 or use sector-wise minimum basic salaries.
Oil prices surge after US Iran clashes Brent $96.28
Oil prices spiked as US-Iran military tensions escalated, with Brent crude nearing $100 a barrel amid fears of supply disruptions through the critical Strait of Hormuz.
TCS to build AI data center in Hyderabad for ₹70,000cr
Tata Consultancy Services (TCS) has announced plans to build a massive artificial intelligence (AI) data center campus in Hyderabad.
How to boost India's manufacturing growth? KPMG has an idea
A recent KPMG report has revealed that a sustained 30% improvement in workforce productivity could account for nearly 35% of India's future manufacturing output.
iBRICS summit in Delhi next week: What's on the agenda
The first-ever iBRICS Summit will be held in New Delhi on September 12 and 13.
Foxconn's monthly sales soar 52% on AI server demand
Hon Hai Precision Industry Co. better known as Foxconn, has reported a whopping 52% increase in its monthly sales.
CDs are making comeback as retro tech craze gains momentum
In an unexpected turn of events, the Recording Industry Association of America (RIAA) has confirmed a major resurgence in CD sales. The trend comes as part of a larger revival of retro technology.
11 IPOs worth over ₹7,000cr opening for subscription next week
The primary market is gearing up for a busy week, with 11 initial public offerings (IPOs) worth over ₹7,000 crore set to open for subscription between September 7 and September 10.
Why CBI filed an FIR against Subhash Chandra, 3 others
The Central Bureau of Investigation (CBI) has filed an FIR against Essel Group Chairman Subhash Chandra and three others.
India's forex reserves soar $11.5B to all-time high of $741B
India's foreign exchange reserves have witnessed a massive jump of $11.47 billion, hitting a new record high of $740.8 billion as of August 28.
Who will be the next chairman of Tata Sons?
The race for the next chairman of Tata Sons has narrowed down to three candidates, according to PTI.
LIC can now acquire 9.99% stake in ICICI Bank
The Reserve Bank of India (RBI) has approved Life Insurance Corporation of India's (LIC) proposal to acquire up to 9.99% of ICICI Bank's share capital.
Why RBI's ₹7L crore VRRR auction on Monday matters
The Reserve Bank of India (RBI) has announced that it will conduct a ₹7 lakh crore variable rate reverse repo (VRRR) auction on September 7.
Bitcoin falls below $80,000 mark: Here we decode why
Bitcoin's recent surge above the $80,000 mark has been cut short by stronger-than-expected US jobs data.
Anthropic delays IPO marketing as $2 trillion valuation talks build
Anthropic, a prominent player in the artificial intelligence (AI) space, has pushed back its initial public offering (IPO) timeline, acording to Reuters.
Nscale plans US IPO, seeks $3.5B ahead of public listing
Nscale, a UK-based artificial intelligence (AI) infrastructure start-up launched just two years ago, is gearing up for an initial public offering (IPO) later this month.
Why OpenAI, Microsoft have been sued by Seattle Times, Newsday
The Seattle Times and Newsday have filed a lawsuit against OpenAI and Microsoft, alleging copyright infringement.
Krafton to invest another $250M in India, diversifying beyond gaming
Krafton, the South Korean gaming giant behind popular titles like PUBG and Battlegrounds Mobile India (BGMI), has announced plans to invest an additional $250 million in India over the next three to four years.
NSE's ₹30,000cr IPO gets SEBI nod
The Securities and Exchange Board of India(SEBI) has approved the initial public offering (IPO) of the National Stock Exchange (NSE).
Coca-Cola, PepsiCo packaging supplier eyes ₹1,500cr IPO
Chemco Plastic Industries, a leading supplier of plastic packaging products to major companies like Coca-Cola and PepsiCo, is gearing up for an initial public offering (IPO) worth ₹1,500 crore, according to Moneycontrol.
Kenya tells Tata Chemicals to pack up and leave
Tata Chemicals, one of India's leading chemical manufacturers, has been ordered to leave Kenya by President William Ruto.
Telcos oppose TRAI's proposed 5G network slicing rules
Leading telecom operators Reliance Jio, Bharti Airtel and Vodafone Idea have opposed the Telecom Regulatory Authority of India's (TRAI) proposed quality of service (QoS) regulations for 5G network slicing.
South Korea, US negotiate chip investments as tariff concerns grow
South Korea and the US are in talks over semiconductor investments in the US, a Seoul official said on Friday.
BSE shares jump 5% as SEBI reviews derivative settlement rules
The Bombay Stock Exchange (BSE) witnessed a nearly 5% surge in its share price to ₹3,474 during today's market session.
ESDS Software shares hit 112% gain after blockbuster debut
ESDS Software Solution's shares made a stellar debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today.
Payment aggregators seek RBI's extension on merchant re-KYC deadline
Payment aggregators have requested the Reserve Bank of India (RBI) to extend the September 15 deadline for merchant re-KYC.
Anthropic seeks $15B debt arrangement ahead of IPO
Anthropic, an artificial intelligence (AI) firm and the creator of the Claude chatbot, is in the final stages of securing a $15 billion pre-initial public offering (IPO) credit facility, according to Bloomberg.
Oura, maker of popular smart rings, files for IPO
Oura, the Finnish company known for its innovative smart rings, has filed for an initial public offering (IPO). The move comes as a major milestone in the company's journey since its founding in 2013.
Who is Anil Chakravarthy, Adobe's new CEO?
Adobe has announced the appointment of Anil Chakravarthy as its new president and chief executive officer (CEO). The move comes as the company prepares for a new era in the software industry, driven by artificial intelligence (AI).
Sensex rises nearly 550 points as IT stocks lead gains
India's stock market opened on a positive note today, with the Sensex gaining over 500 points in early trade.
Data center developer Crusoe raises $3B at $30B valuation
Crusoe, a leading data center developer and client of tech giants like Meta, Microsoft, and OpenAI, has raised $3 billion in its latest funding round.
Volkswagen to cut 100,000 jobs by 2030
Volkswagen, the German automotive giant, has announced plans to cut 100,000 jobs by the end of this decade.
NVIDIA buys Hugging Face for $13B
NVIDIA has announced its decision to acquire Hugging Face for $12.93 billion.
Swiggy's CREW can plan, book and manage your entire trip
Swiggy has expanded its premium concierge platform CREW into the travel sector. The new service is a dedicated personal travel concierge that plans, books and curates entire journeys with on-site assistance.
Sensex's wild 2,100-point swing: What happened during CAS?
The Bombay Stock Exchange's (BSE) benchmark index, Sensex, witnessed a major fall on September 3. The index closed at 76,152.86, down by 417.49 points or 0.55%.
Google co-founder's $450M superyacht takes hours to refuel
Google co-founder Sergey Brin's superyacht, Dragonfly, is so massive that it can't be refueled at regular marinas.
New Zealand to make Indian exports duty-free next month
The India-New Zealand Free Trade Agreement (FTA) will come into effect from next month.
SpiceJet plans comeback with 20 aircraft, 200 daily flights
SpiceJet has announced its plan to add 20 aircraft into its fleet by mid-November.
India to finalize US trade deal after getting preferential edge
Commerce and Industry Minister Piyush Goyal has said that India will finalize its proposed trade deal with the US once Washington provides a preferential tariff advantage to Indian exporters.
Indian rupee hits 2-month high at ₹94.3 per USD
The Indian rupee opened on a strong note today, hitting a two-month high.
BSE shares jump 4.5% as NSE cannot self-list after IPO
BSE's shares surged by 4.5% today, following comments from the exchange's MD and CEO Sundararaman Ramamurthy.
Amazon, Meesho to create 11.6L seasonal jobs amid festive rush
As India's festive season approaches, e-commerce giants Amazon and Meesho are ramping up their hiring efforts.
Tata Trusts gets relief as regulator closes share transfer complaint
Tata Trusts has received a major relief from the Maharashtra Charity Commissioner, allowing it to continue its operations and search for a new chairman.
Syed Akbaruddin, a former diplomat appointed as part-time RBI director
Former Indian diplomat Syed Akbaruddin has been appointed as a part-time non-official director on the Central Board of the Reserve Bank of India (RBI).
Netherlands moves 86 tons of gold from US, Canada
The Dutch central bank (DNB) has shifted 86 tons of gold from the US and Canada to London. The transfer took several months and was prompted by "increasing geopolitical unrest."
ByteDance secures $30B loan amid AI spending push
ByteDance, the Chinese tech giant behind TikTok, has bagged a massive $29.6 billion loan. The move marks Asia's second-largest dollar-denominated borrowing this year.
Drivers, riders stranded mid-trip after Uber abruptly exits Nigeria, Uganda
Ride-hailing giant Uber triggered widespread chaos across Nigeria and Uganda after switching off operations with immediate effect on Wednesday, reportedly stranding drivers and passengers mid-journey.
Boeing fined $3.1M by US aviation regulator over safety violations
Boeing has been slapped with a $3.1 million fine by the US Federal Aviation Administration (FAA) for a series of safety violations.
India's services growth picks up but stays near 4-year low
India's services sector witnessed a minor uptick in August, according to the latest Purchasing Managers' Index (PMI) data from S&P Global.
7.8% or 2.6%? What is behind India's GDP data controversy
The Indian government has clarified the revisions to its Gross Domestic Product (GDP) estimates, following a claim by former Finance and Economic Affairs Secretary Subhash Chandra Garg.
Trump imposes 100% tariffs on foreign-made drones
The United States has imposed new tariffs of up to 100% on drones and certain components. The move is part of Washington's effort to reduce its reliance on imports in an industry dominated by China.
PayPal lays off 600 employees in India
PayPal has laid off around 600 employees in India as part of a global workforce restructuring to cut costs.
Trump supports OpenAI in copyright fight with New York Times
The Trump administration has contributed a 20-page brief in support of OpenAI, the company behind ChatGPT.
Tata Sons to invest over ₹10,000cr in Air India
Tata Sons' board has approved a capital infusion of over ₹10,000 crore into Air India. This is one of the largest investments in the airline since its ₹18,000-crore acquisition in 2021.