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5 mainboard IPOs to hit India's primary market next week
Five mainboard initial public offerings (IPOs) are set to debut on the Indian primary market next week.
India's Q1 FY2027 oil bill jumps 26% to $49 billion
India's crude oil import bill soared 26% to $49 billion in Q1 FY27, despite a 18% drop in volumes, driven by higher global prices and geopolitical tensions in West Asia.
Salesforce's 4th round cuts 74 San Francisco jobs amid AI
Salesforce plans its fourth round of San Francisco layoffs within a year, cutting dozens of jobs as the company increasingly leverages AI to drive operational efficiencies.
Q&T Foods to launch ₹26.24 cr IPO at ₹115
Q&T Foods Ltd has set its IPO price at ₹115 per share, with the ₹26.24 crore offering opening for subscription on August 12 and closing on August 14.
PhonePe CEO Sameer Nigam assures UPI free for Indian consumers
PhonePe CEO Sameer Nigam reassured users that UPI payments will remain free, addressing concerns sparked by the MDR Bill's passage in the Lok Sabha.
Delhivery reports net profit down 65% revenue rises to 2930.7cr
Delhivery's Q1 FY27 net profit dropped 65% to ₹31.9 crore, despite a 28% revenue growth to ₹2,930.7 crore, as operating margins contracted to 4.9%.
RBI proposes 3.5% leverage for G-SIB branches in India
The Reserve Bank of India has proposed revised capital norms, requiring Indian branches of global systemically important banks to maintain a leverage ratio buffer from 2027.
Knight Frank India: unsold homes up 4% to 525,695 units
Unsold residential inventory in India rose 4% year-on-year in H1 2026, with premium and luxury segments witnessing significant accumulation, a Knight Frank report reveals.
Foreign portfolio investors poured ₹12,290.68cr into India markets Aug 3-7
Foreign Portfolio Investors (FPIs) invested ₹12,290.68 crore in Indian markets during August's first week, with equities drawing the highest net inflows of ₹12,921.14 crore.
LIC explores investments in fintech, health insurance sectors
Life Insurance Corporation of India (LIC) is considering investments in health insurance and financial technology (fintech) sectors.
Trump Media terminates crypto deal with Crypto.com
Trump Media & Technology Group Corp. has terminated its partnership with cryptocurrency exchange Crypto.com.
UK issued over 500,000 visas to Indians in last year
The UK has issued more than 500,000 visas to Indian nationals in the year ending March 2026.
US unemployment rate drops amid job cuts
The US economy witnessed an unexpected job loss in July, with nonfarm payrolls declining by 23,000 jobs, contrary to economists' expectations of growth.
Parliamentary panel urges DRDO to finalize measurable performance targets
A parliamentary panel has urged the Defense Research and Development Organization (DRDO) to "expeditiously" finalize and notify clear, measurable Key Performance Indicators (KPIs).
Natural gas prices facing downward trend: Is recovery possible?
Natural gas prices have been on a downward trend in recent months, despite heightened geopolitical tensions in the Middle East.
Solar, wind projects within 1km of Indian borders banned
The Ministry of Home Affairs (MHA) has issued new guidelines.
SEBI requires nomination or opt-out for single-holder demat and MF
From September 1, 2026, SEBI mandates investors to either register a nominee or formally opt out when opening or updating single-holder demat accounts and mutual fund folios.
Akasa Air, AI Express say fleets unaffected by FAA directive
Akasa Air and Air India Express have confirmed that their fleets of Boeing 737 aircraft are not affected by a recent directive from the US Federal Aviation Administration (FAA).
Paper Boat maker reports 96% decline in profit
Hector Beverages, the maker of beverage brand Paper Boat, has reported a massive decline in profitability for the fiscal year ending March 2026.
Jio launches new OTT-Pass with monthly 3-month and annual options
Reliance Jio introduces 3-month and 1-year OTT-Pass plans, offering enhanced data, premium entertainment access, and long-term value starting August 7, 2026.
Bitcoin near $65,000 Ethereum above $1,900 mood improving analysts cautious
Bitcoin faces resistance around $65,000–$65,600 despite improving macro conditions, while Ethereum gains momentum above $1,900 with stronger technical support.
Blackstone-backed AGS Health seeks ₹4,800cr via IPO
Blackstone Group-owned AGS Health has filed an updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
NVIDIA to invest $3B in power infrastructure developer Lancium
NVIDIA will invest up to $3 billion in Lancium, a power infrastructure developer and the company behind the Stargate data centre campus in Texas.
Apple dominates premium smartphone market with 65% global share
Apple has captured a whopping 65% of the global premium smartphone market in the first half of 2026, according to Counterpoint Research's Handset Model Sales Tracker.
Indian startups raised $383.5 million across 27 deals this week
Indian startups raised $383.5M across 27 deals this week, marking a 4.7X increase from the previous week's $82.2M. The week also saw 3 M&A deals and 8 key hires.
Ardee Industries IPO oversubscribed 138.83 times with 41.18L applications
Ardee Industries' IPO, with a Rs 425.87 crore issue size, was subscribed nearly 139 times and ranked fourth-highest in CY26 for application numbers at 41.18 lakh.
Why Indian electronics, automobile makers are turning to air freight
Indian electronics and automobile manufacturers are increasingly turning to air freight for transporting raw materials and components.
Air India hikes salaries of pilots by up to 15%
Air India has announced a significant salary hike for its pilots, with an increase ranging from 8% to 15%.
Why Accenture wants its staff to delay vacations
Accenture has announced a temporary policy change, allowing employees to carry over their unused vacation days into the next fiscal year.
Airbnb is shipping new features faster thanks to AI
Airbnb co-founder and CEO Brian Chesky has revealed that artificial intelligence (AI) is playing a major role in accelerating the company's product development.
Amazon backs GW Ranch gas plant in Texas 7.65-gigawatt over-30-million-metric-tons-of-greenhouse-gases
Amazon is funding a 7.65-gigawatt private gas power plant in Texas to support its AI operations, potentially becoming the largest single source of U.S. greenhouse gas emissions.
Hector Beverages revenue nearly 14% to 760cr profit down 96%
Hector Beverages, maker of Paper Boat, reported a 13.8% revenue growth to Rs 760 crore in FY26, while profit after tax plunged 96% due to surging expenses.
Gold rises 7% as oil falls and US jobs weaken
Gold prices soared 7% this week, marking their strongest weekly performance since January, driven by falling crude prices, weak U.S. jobs data, and robust central bank demand.
ServiceNow expects $1.5B from AI by 2027 as firms scale
High tokenisation costs are driving enterprises to optimise AI usage, says Sumeet Mathur, Senior VP & MD of ServiceNow India, emphasizing efficiency over expensive models.
India updates bilateral investment treaty to attract foreign investors
India is revisiting its 2015 model bilateral investment treaty to address global concerns and enhance investor protection, aiming to attract more foreign and domestic investments.
Trump Media ends 2025 Crypto.com CRO deal amid crypto decline
Trump Media has terminated agreements with Crypto.com, including plans for token purchases and prediction market contracts, citing unfavorable market conditions.
Mansi Omar and Raman Aggarwal's Jupitice digitizes access to justice
Jupitice, founded in 2019, pioneers JusTech by creating a comprehensive digital platform to revolutionize justice delivery, addressing inefficiencies in traditional legal systems.
Indian manufacturers switch to air freight to meet festive demand
Indian manufacturers are increasingly relying on costly air freight to maintain festive-season production as the West Asia crisis disrupts sea shipping routes and schedules.
Air India raises pilot pay 8 to 15%
Air India has announced salary hikes of 8% to 15% for pilots, with enhanced flying allowance rates and revised pay structures to align with industry benchmarks.
Blackstone-backed AGS Health files updated SEBI papers for ₹4,800cr IPO
AGS Health, a revenue cycle management firm owned by Blackstone, has filed an updated DRHP with SEBI to raise Rs 4,800 crore through an IPO, including a Rs 3,000 crore OFS.
Airbnb revenue up 17%, stock jumps, Brian Chesky credits AI
Airbnb CEO Brian Chesky admitted underestimating AI’s potential, crediting it for boosting bookings, streamlining operations, and driving a 17% revenue surge in Q2 2026.
BRICS trade ministers in Jaipur adopt Economic Partnership 2030
BRICS trade ministers finalized the Jaipur Consensus and Guiding Principles for MSME credit, aiming to bridge the $2.5 trillion global trade finance gap.
Accenture allows carryover of vacation days to boost Q4 sales
Accenture is allowing employees to roll over unused vacation days into the next fiscal year as part of a broader effort to boost sales before its fiscal year-end.
Gold hits 7 week high after US loses 23,000 jobs
Gold prices soared to a seven-week high after U.S. nonfarm payrolls unexpectedly dropped in July, reducing the likelihood of imminent Federal Reserve rate hikes.
RBI allows rupee loans against FCNR(B) to boost dollar inflows
RBI has exempted rupee loans against fresh FCNR-B and NRE deposits from ANBC calculations, offering banks greater flexibility to attract overseas funds.
Dhoot Transmission raises ₹918.3 cr from 72 anchors before IPO
Dhoot Transmission raised Rs 918 crore from 72 anchor investors, including global and domestic funds, ahead of its Rs 3,067 crore IPO opening on August 10.
Molbio Diagnostics raises ₹281.5cr from 33 anchor investors before IPO
Molbio Diagnostics has raised Rs 281.5 crore from 33 anchor investors, including Goldman Sachs and IFC, ahead of its Rs 940 crore IPO opening on August 10.
RBI proposes Indian bank leverage floors D-SIBs 4% others 3.5%
The Reserve Bank of India plans to implement stricter capital adequacy norms, including revised leverage ratios and enhanced risk reporting, effective from April 1, 2027.
Trump spent nearly $4B to cancel offshore wind lease
The Trump administration is paying German utility company RWE a whopping $1.2 billion to cancel an offshore wind lease.
Leopold Aschenbrenner pauses honeymoon to stabilize situational awareness LP
Leopold Aschenbrenner, a 24-year-old AI investor, postponed his honeymoon to address over $30 billion in losses at his hedge fund, Situational Awareness LP.
Shapoorji Pallonji launches $2.7bn bond tied to Tata Sons IPO
Shapoorji Pallonji Group's $2.7 billion bond issue is drawing high-net-worth individuals and family offices, offering exposure tied to Tata Sons' potential IPO.
On Friday, FIIs net-buy ₹480.24 cr, DIIs add ₹235.56 cr
Foreign institutional investors (FIIs) ended their selling streak, injecting ₹480 crore into equities on Friday, while domestic institutional investors (DIIs) added ₹236 crore.
India's parliament recommends export measures amid US tariff uncertainty
A Parliamentary panel has recommended sector-specific strategies, including financial aid and technology upgrades, to protect Indian exporters from US tariff uncertainties.
Levi Strauss confirms cyberattack after social engineering fooled 3 employees
Levi Strauss disclosed a social engineering attack compromising corporate data, joining over 200 companies targeted by ransom-seeking hackers in recent weeks.
RBI rejects Religare Enterprises's split of financial services and insurance
The Reserve Bank of India has declined Religare Enterprises' demerger plan, despite receiving approval from stock exchanges, citing the need for further clarifications.
SBI raises $6 billion toward $10 billion RBI-backed FCNR(B) target
State Bank of India aims to mobilize $10 billion through FCNR(B) deposits, leveraging these inflows to support loan growth and reduce reliance on costly bulk deposits.
US now supplies 67% of India's LPG imports: Hardeep Puri
The United States has emerged as India's biggest supplier of liquefied petroleum gas (LPG).
SK Hynix to invest $38B in AI memory chip expansion
SK Hynix, a leading South Korean semiconductor manufacturer, has announced a massive investment of 54 trillion Korean won ($38.1 billion) to set up two new memory chip production facilities.
Titan Q1 profit jumps 65% to ₹1,699cr
Titan Company has posted a robust growth in its first-quarter earnings for the fiscal year.
Global food prices hit 44-month high
The United Nations' Food and Agriculture Organization (FAO) has reported a significant rise in global food prices in July.
Anthropic is looking to hire an Insider Risk Investigator
Anthropic is looking to hire an Insider Risk Investigator as AI companies ramp up efforts to safeguard sensitive data, employees, and infrastructure.
SBI Q1 net profit rises 10% to ₹21,121cr
The State Bank of India (SBI) has reported a net profit of ₹21,121.22 crore for the June quarter (Q1FY27), marking a year-on-year increase of 10.23%.
Lok Sabha passes MSME Bill: What it means for businesses
The Lok Sabha has passed the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026.
FAA orders inspection of hundreds of Boeing 737 Max jets
The US Federal Aviation Administration (FAA) has ordered airlines operating 471 Boeing 737 MAX jets to inspect a specific component for possible cracks.
Relief for Dabur! HC stays FSSAI order against '100%' labels
The Delhi High Court has stayed an order by the Food Safety and Standards Authority of India (FSSAI) that banned Dabur India from selling several food products.
Airtel, Vi get relief in ₹3,300cr spectrum charge case
The Supreme Court of India has refused to stay a Bombay High Court order quashing the government's demand for one-time spectrum charges from telecom companies.
Sensex drops over 500 points: What's behind today's decline?
India's benchmark equity indices, Sensex and Nifty, fell on Friday. The fall was mainly due to losses in financial stocks and rising crude oil prices.
Airtel boosts data center expansion with new acquisitions
Bharti Airtel's data center arm, Nxtra Data, has announced plans to acquire up to an 85% stake each in Rochak Systems and Rovision Tech Hub, newly incorporated entities in India that propose to develop land for the construction of data centers and are yet to commence commercial operations.
India's only bullion exchange faces leadership shake-up
Ashok Kumar Gautam, the first CEO of India International Bullion Exchange IFSC Ltd. (IIBX), has resigned from his position.
Akasa Air launches loyalty program 'Akasa Elevate'
Akasa Air has launched its first-ever loyalty program, 'Akasa Elevate,' to attract frequent flyers.
Indian solar exports face 15% US tariff under Trump order
The United States has announced a 15% tariff on solar cells and modules imported from India and other countries.
No, banks can't lock your phone over loan defaults: RBI
The Reserve Bank of India (RBI) has issued a new directive, barring banks from disabling mobile phones and laptops of defaulting borrowers.
TikTok to lay off 250 employees, shut Nashville office
TikTok has announced the layoff of 250 employees and the closure of its Nashville office.
MDR on UPI applies to merchants, not customers: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has clarified that the Merchant Discount Rate (MDR) on digital transactions applies to merchants, not customers.
Trump imposes 15% tariff on polysilicon to counter China
The Trump administration has announced a 15% tariff on polysilicon products, a key component in the manufacturing of semiconductors and solar panels primarily produced by China.
China's exports soar 24% in July, driven by AI, EVs
China's exports witnessed a 23.9% surge in July, beating expectations and maintaining the momentum from June's significant rise.
Paramount's $110B acquisition of Warner Bros gets UK nod
The UK government has approved Paramount Skydance's $110 billion acquisition of Warner Bros Discovery.
SoftBank bags a $10B margin loan against OpenAI stake
SoftBank Group has secured a massive $10 billion margin loan, using its stake in US tech giant OpenAI as collateral.
LIC's massive $3.3B share sale kept bankers in the dark
The Indian government has successfully raised $3.3 billion by selling additional shares of Life Insurance Corporation of India (LIC).
No HRA if one spouse gets official accommodation: Modi government
The Indian government has clarified its policy on House Rent Allowance (HRA) for central government employees.
Karnataka wants Anthropic's help to prevent fraud in government systems
Karnataka Chief Minister D K Shivakumar met a delegation from AI start-up Anthropic today.
SoftBank posts $2.2B profit in June quarter, beats estimates
SoftBank has posted a net profit of ¥347.3 billion ($2.2 billion) for the June quarter, beating analysts' expectations of ¥120.23 billion, according to LSEG estimates.
Super.money debuts shopping marketplace with no-cost EMI plans
Super.money, a fintech company backed by Flipkart, has expanded its services to include an in-app marketplace called SplitStore.
Gold jumps ₹6,400 in 3 days
Gold and silver prices have seen a significant increase for the third consecutive session on MCX.
Lok Sabha passes bill to boost foreign investments, domestic manufacturing
The Lok Sabha has passed the Taxation and Other Laws (Amendment) Bill, 2026.
Trent's profit in Q1 rises 21% YoY to ₹519cr
Tata-owned Trent Limited, a leading retail company, has reported a robust financial performance for the first quarter of the fiscal year.
Why Ola Electric is moving to a dealership model
Ola Electric has announced a major shift in its business strategy, moving away from the direct-to-consumer model it has followed for five years.
'Meritless': OpenAI wants judge to dismiss Apple's trade secrets lawsuit
OpenAI has asked a US judge to dismiss Apple's lawsuit accusing it of stealing trade secrets.
Why Google's $15B Indian data center project is facing opposition
Google's ambitious $15 billion data center project in India is facing opposition from environmentalists.
Kotak fraud case: Ex-employee used proceeds to buy BMWs
A former Deputy Vice President of Kotak Mahindra Bank, Pushpinder Singh, allegedly used embezzled funds from the Municipal Corporation of Panchkula to buy luxury cars.
ITR-6 Excel utility for AY 2026-27 released: Who should file?
The Income Tax Department has launched the Excel utility of ITR-6 for Assessment Year (AY) 2026-27.
MV Electrosystems shares list at 22% premium over IPO price
Mumbai-based MV Electrosystems made a strong debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today.
Etsy lays off 12% of employees to streamline operations
Etsy, the popular marketplace for handmade and vintage items, has announced a major restructuring plan.
This bank spends $250M annually on weight-loss drugs for employees
Bank of America (BoA) is spending over $250 million annually to provide GLP-1 weight loss drugs to its employees.
NPS extends same-day investment window for faster NAV allocation
The Pension Fund Regulatory and Development Authority (PFRDA) has extended the cut-off time for same-day investment of National Pension System (NPS) contributions by two-and-a-half hours.
You can now invest in fixed deposits using PhonePe
Leading digital payments platform PhonePe has launched a new feature on its app - the ability to book fixed deposits (FDs) with partner banks and non-banking financial companies (NBFCs).
Shiprocket IPO price set at ₹92-97; issue opens August 12
Shiprocket, a logistics technology company backed by Bertelsmann, Temasek, Tribe Capital and Eternal, has fixed the price band for its initial public offering (IPO) at ₹92-97 per share.
Air India appoints Tewolde Gebremariam as new CEO
Air India has appointed Tewolde Gebremariam as its new Chief Executive Officer (CEO) and Managing Director (MD).
US pays back $100B in Trump tariff refunds
The Trump administration has refunded nearly $100 billion in tariffs it collected before the US Supreme Court declared them illegal.
When will India introduce plastic notes? RBI Governor shares timeline
The Reserve Bank of India (RBI) is gearing up to introduce plastic currency notes in the country.
Central banks bought 51 tons of gold in June: WGC
Central banks across the globe made their biggest gold purchases of the year in June, according to data from the World Gold Council (WGC).
Centre warns restaurants against levying unlawful service charges
The Indian government has warned hotels and restaurants against levying automatic service charges on customers' bills.
AMD's data center revenue doubles as gaming loses ground
AMD has reported a massive surge in its data center revenue, driven by the increasing demand for artificial intelligence (AI) capacity.
Texas halts new data center approvals over electricity grid concerns
Texas Governor Greg Abbott has halted the approval of new data centers, citing concerns over their potential impact on the state's electrical grid.
RBI holds repo rate: What it means for your FD
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%.
FIFA game maker goes private after $55B acquisition
Electronic Arts (EA) has officially transitioned into a private company.
Paramount-WBD merger trial scheduled for March 2027
A US District Judge has scheduled the trial for the merger between Paramount and Warner Bros. Discovery (WBD) from March 2 to March 19, 2027.
Jeff Bezos to sell $4B worth of Amazon shares
Jeff Bezos, the founder of Amazon, has filed plans to sell around 15 million shares in the tech giant.
No fuel for uninsured vehicles? SC suggests pilot project
The Supreme Court of India has directed the Central government to launch a pilot project that would deny fuel to vehicles without valid third-party insurance.