Business News
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US job market surprises with 130,000 new jobs in January
US job growth accelerated in January, reducing the unemployment rate to 4.3%, indicating a stable labor market and potential unchanged interest rates.
[Funding alert] Complyance raises $20 million to automate compliance management
Complyance, an AI-powered app aiding companies in managing governance, risk, and data compliance, has raised $20 million in a Series A funding round led by GV.
Salesforce CEO Marc Benioff in hot water over ICE joke
Salesforce CEO Marc Benioff faced backlash from employees over his joke about US Immigration and Customs Enforcement (ICE) monitoring international staff during a company event.
World Bank lends $245 million to boost Himachal Pradesh's disaster recovery
The World Bank has approved a USD 245 million loan to rebuild resilient infrastructure in Himachal Pradesh and support community-owned firms.
Salesforce CEO Marc Benioff's ice joke sparks internal backlash
Over 1,400 Salesforce employees have signed a letter urging CEO Marc Benioff to cease potential business dealings with the US Immigration and Customs Enforcement (ICE).
Aye Finance's IPO closes at 97% subscription
Aye Finance's ₹1,010 crore IPO was fully subscribed on the final day, with a strong demand from Qualified Institutional Buyers (QIB) and a muted grey market premium (GMP).
Dutch court probes Nexperia's CEO suspension over serious mismanagement
A Dutch court has mandated a formal inquiry into alleged mismanagement at Nexperia, a Chinese-owned semiconductor firm embroiled in global technological disputes.
Zerodha-backed Rainmatter invests $2 million in PensionBox
Zerodha-backed Rainmatter Investments has purchased a 51% stake in digital pension app PensionBox for $2 million, providing an exit for early investors.
Adani airports report 19% jump in air cargo
Adani-operated PPP international airports have reported a 19% increase in freight handling from April to December 2025, compared to the same period last year.
SEBI to launch dedicated portal for SME IPOs
The Securities and Exchange Board of India (SEBI) is planning a dedicated digital portal to simplify compliance and enhance market access for small and medium enterprises (SMEs).
Central Pay Commission wants your feedback on salaries, pensions
The government has officially launched the 8th Pay Commission website, inviting feedback from central government employees and pensioners until March 16.
Fractal Industries to open ₹49 crore IPO on February 16
Garment manufacturing and supply chain solutions provider, Fractal Industries, is set to open its initial public offering (IPO) for subscription on February 16.
LTIMindtree is now LTIM: What's behind the rebrand
IT firm LTIMindtree has rebranded itself as 'LTM Limited', reflecting its evolution into a global technology powerhouse post the merger of L&T Infotech and Mindtree.
Mistral AI invests $1.4B in Swedish data centers to boost Europe
French AI startup, Mistral AI, plans to invest $1.43 billion in new data centres in Sweden, marking its first infrastructure investment outside France.
NaBFID, HUDCO, SIDBI, PFC to raise ₹17,500cr via bonds
Indian state-run companies are planning to raise $1.93 billion via bond sales this week, anticipating a rise in borrowing costs by the fiscal year end.
Why is January US jobs report delayed by 5 days
The US hiring rate has dropped to a mere 3.3%, mirroring the downturn experienced during the COVID-19 crisis, and sparking fears of an impending recession.
European Parliament approves €90B loan for Ukraine
The European Parliament has approved a €90 billion loan for Ukraine, aimed at addressing the country's financial needs amid Russia's ongoing war.
Regulatory compliance is now a key business strategy
Indian firms are increasingly integrating compliance into their core business strategies in response to evolving global regulatory complexities.
California's proposed billionaire tax spurs mass exodus
Several tech executives, including Meta's Mark Zuckerberg and Google's co-founders, are leaving California due to a proposed 5% tax on billionaires.
BharathCloud, Smartail AI to bring AI tools to 3,000 schools
Indian cloud services provider, Bharathcloud, partners with Smartail AI to boost secure AI adoption across over 3000 Indian educational institutions.
How Coca-Cola plans to scale its Indian business in 2026
The Coca-Cola Company, a $330 billion beverage giant, is betting big on the Indian market.
Paramount amends bid to stop Netflix-Warner Bros deal: What's changed?
Paramount has intensified its hostile takeover bid for Warner Bros. Discovery (WBD), in a bid to thwart the latter's impending acquisition by Netflix.
Why Rapido's founders have given up their 'promoter' status?
The three co-founders of ride-hailing platform Rapido: Aravind Sanka, Pavan Guntupalli and Rishikesh S R, have given up their promoter tags.
Amul launches AI app to assist women dairy farmers
Amul, India's leading dairy cooperative, has launched an artificial intelligence (AI) platform called "Sarlaben."
M&M's Q3 results: Net profit jumps 33% YoY to ₹3,931cr
Mahindra and Mahindra (M&M) has reported a 32.6% year-on-year increase in its standalone net profit for the December quarter.
US video conferencing startup AONMeetings launches in India
AONMeetings, a Des Moines-based company, has launched its competitively priced video conferencing service in India, challenging the market with its bootstrapped business model.
Lenskart's Q3 profit skyrockets 70x post IPO
Lenskart Solutions Ltd's consolidated net profit surged over 70 times year-on-year to Rs 131 crore in Q3, driven by a strong 38.3% revenue growth.
Sensex closes at 84,233 points, Nifty settles above 25,950 mark
The BSE Sensex ended marginally lower by 40 points at 84,234 due to losses in IT stocks, while the State Bank of India saw a jump of over 3%.
SBI overtakes TCS to become India's 4th-largest company by m-cap
State Bank of India (SBI) has surpassed Tata Consultancy Services (TCS) to become India's fourth-largest company by market capitalisation, following strong Q3 earnings.
India's medical devices market to cross $50 billion by 2030
India's medical devices industry is predicted to reach a value of USD 50.1 billion by 2030, according to a report by Rubix Industry Insights.
Anthropic's valuation skyrockets to $350B as Blackstone pours in $1B
Blackstone has increased its investment in AI startup Anthropic to $1 billion, amid a surge of funding for artificial intelligence ventures.
Ford reports $8.2B net loss as EV business bleeds $4.8B
Ford has reported a staggering net loss of $8.2 billion for the year 2025, its worst annual earnings in four years and the largest since the 2008 recession.
FirstClub raises $23 million to supercharge premium grocery delivery
Quick commerce platform FirstClub has officially launched in Bengaluru, with plans to expand into more cities and categories in the coming months.
Jeff Bezos's Blue Origin tops list of riskiest projects
Jeff Bezos has reportedly invested approximately $5.5 billion in risky and costly ventures, including space travel and Blue Origin, according to a Foresight Sports study.
Parliament passes Industrial Relations Code (Amendment) Bill, 2026
Union Labour Minister Mansukh Mandaviya introduced the 'Industrial Relations Code (Amendment) Bill, 2026' in the Lok Sabha to avoid potential future legal complications.
Fractal Analytics IPO: How subscription numbers panned out
Fractal Analytics' ₹2,834 crore Initial Public Offering (IPO) was fully subscribed on the final day of bidding, with a 1.46 times subscription rate.
Who is Leslie Wexner, billionaire named co-conspirator in Epstein scandal
Leslie Wexner, the founder of L Brands and the man behind Victoria's Secret, has been suggested as a co-conspirator of Jeffrey Epstein in recently unredacted documents.
Birla buys 4cr Vodafone Idea shares, stock hits 1-month high
Vodafone Idea shares rose over 2% following promoter Kumar Mangalam Birla's recent purchase of additional stake, sparking positive investor sentiment.
Gold, silver ETF assets surge 200% since August, cross ₹3T
The combined assets under management (AUM) of gold and silver exchange-traded funds (ETFs) have hit a new high of over ₹3 lakh crore in January 2026.
OPPO is merging its India operations with Realme
Oppo has initiated the merger of Realme's operations into its own structure in India, leading to job cuts in sales and support teams.
M&M's Q3 profit jumps 33% to ₹3,931 crore
Mahindra & Mahindra Limited's standalone profit after tax (PAT) for Q3 2025 surged by 33% to ₹3,931 crore, driven by strong automotive and farm sector performance.
Google offers voluntary exit to employees not on AI train
Google's business unit offers voluntary exit with severance to employees not ready to fully embrace the company's future AI plans.
Heineken to cut 6,000 jobs amid declining beer demand
Heineken, the world's second-largest brewer by market value, has announced plans to cut up to 6,000 jobs globally.
Airtel's latest AI tool will protect you from OTP-related frauds
Telecom giant Airtel has launched an artificial intelligence (AI)-powered tool to protect its customers from the growing threat of one-time password (OTP)-related bank frauds.
Boston Dynamics CEO steps down after 3 decades at company
Boston Dynamics, the Massachusetts-based robotics company famed for its four-legged robots and humanoids, is witnessing a major leadership transition.
Minimalist's revenue was ₹347.4 crore in FY24; HUL acquired a 90.5% stake in January 2025
Hindustan Unilever Limited-owned D2C brand, Minimalist, saw a 48% year-on-year increase in operating revenue to Rs 515 crore in FY25.
US updates India trade document: Check what has changed
The White House has updated its Fact Sheet on the India-US trade deal, removing "certain pulses" and softening India's $500 billion purchase commitment to an "intention."
IndiGo shares jump as airline complies with pilot duty rules
IndiGo, India's largest airline, has announced its full compliance with the updated Flight Duty Time Limitations (FDTL) regulations.
AI content will need special labels under India's new IT rules
Days after a trade deal with the US, India introduced stringent social media rules, posing a significant non-tariff barrier for American tech companies.
Uttar Pradesh presents its biggest-ever budget
Uttar Pradesh Finance Minister Suresh Khanna has presented a ₹9.13 lakh crore budget for FY 2026-27, marking a 12.2% increase from the previous year's allocation.
India pulls in record $23.62 billion for clean energy in 2025
The renewable energy sector witnessed a significant investment surge in 2025, exceeding ₹2 lakh crore, marking a four-year high.
Beer giant Heineken to cut 6,000 jobs as sales slump
Heineken, the global brewing giant, plans to cut up to 6,000 jobs worldwide due to declining beer demand. The company also lowered its 2026 profit growth forecast.
NUDGE checks are delaying tax refunds: Here's what to do
Millions of taxpayers are experiencing delays in receiving their income tax refunds, with some waiting over 90 days due to technology-driven risk analysis and compliance checks.
IndiGo's stock jumps as airline fully implements new pilot rules
IndiGo Airlines announced its full compliance with the FDTL regulations, leading to a 1.5% rise in its shares on February 11, 2026.
Economic Times to be media partner for India AI Impact Summit
The Economic Times has been announced as the official media partner for the India AI Impact Summit 2026, a global gathering on artificial intelligence in New Delhi.
EtherealX raises $20.5 million to launch its 1st rocket
Bengaluru-based spacetech startup, EtherealX, has seen its valuation rise sixfold to around $80 million following a successful $20.5 million Series A funding round.
HBL Engineering's stock jumps on ₹800 crore railway safety deal
HBL Engineering Limited's shares surged by nearly 4% following an ₹800.36 crore order from Banaras Locomotive Works for KAVACH equipment.
India, UK ink social security agreement: What it means
India and the UK have signed an agreement to eliminate double social security contributions, a move set to benefit Indian tech firms like TCS and Infosys.
How new CPI will reflect real-world spending
India's revamped Consumer Price Index (CPI) reveals shifting consumption patterns, with reduced weightage for food and increased emphasis on services and miscellaneous items.
Titan's stock hits new high after 61% profit jump
Titan Company's shares surged 2.5% after reporting a significant increase in quarterly earnings, leading to optimistic growth projections.
Oil prices jump as US-Iran tensions escalate
Crude oil futures saw an increase on Wednesday following reports that the US may deploy a second aircraft carrier to West Asia, amidst ongoing talks with Iran.
Nationwide bank strike tomorrow: These services may be impacted
Major bank unions across India have announced a nationwide strike tomorrow i.e. February 12.
Sensex crosses 84,400 for 1st time, Nifty settles above 26,000
Indian benchmark indices Sensex and Nifty opened higher on Wednesday, driven by strong buying in auto and IT stocks. The Nifty 50 reclaimed the 26,000 mark in early trade.
H-1B visa changes: $100,000 fee's impact on tech hiring
Major technology companies like Amazon, Microsoft, and Google are planning to evade President Trump's $100,000 H-1B visa fee by hiring workers in categories exempt from the charge.
Brandman Retail shares pop 8.5% on SME debut
Brandman Retail is set to debut on the NSE SME platform today, with grey market indicators suggesting a positive listing and a 10% GMP.
Gold prices dip slightly after hitting record high
Gold prices remain above $5,000 per ounce as weak US retail sales data strengthens the argument for further interest rate cuts.
Ford lost $8.2 billion in 2025, mostly due to EVs
Ford reported a net loss of $8.2 billion for 2025, its worst in four years, largely due to the struggles of its electric vehicle division.
RBIH strengthens leadership team with new CPO
The Reserve Bank Innovation Hub (RBIH) has expanded its top hierarchy by appointing several senior industry executives from the private sector.
Gold, silver ETFs steal the show: What you should know
Gold and silver exchange-traded funds (ETFs) saw their combined assets under management triple to over Rs 3 lakh crore within five months, hitting a record high in January 2026.
I-T department probes foreign funds after SC's Tiger Global ruling
Following the Supreme Court's decision against Tiger Global, India's Income Tax department has issued notices to seven overseas venture capital and private equity firms.
Saks is closing 8 locations as part of its bankruptcy
Saks Global, the operator of Saks Fifth Avenue and Neiman Marcus, is closing eight stores and a Boston location amid its Chapter 11 bankruptcy restructuring.
Modi government might sell 5% stake in BHEL for ₹4,500cr
The Indian government is planning to divest up to a 5% stake in Bharat Heavy Electricals Limited (BHEL) through an Offer for Sale (OFS).
Are '30 Under 30' awards actually credible?
The credibility of the "30 Under 30" title has come under scrutiny, following a viral post by Indian entrepreneur Shubham Mishra.
How Modi government will tap US agricultural market worth $206B
India is poised to tap into the lucrative $206 billion agricultural import market of the United States by leveraging zero-duty and lower reciprocal tariffs.
NSE hopes Modi government will reconsider STT hike on derivatives
India's leading stock exchange, the National Stock Exchange (NSE), is hopeful that the government will reconsider its decision to raise the securities transaction tax (STT) on index and single-stock futures.
Why Apple is challenging CCI's global turnover penalty rule
Apple has filed a writ petition against the Competition Commission of India (CCI), questioning the constitutional validity of a penalty rule based on global turnover.
Goldman Sachs raises India's GDP growth forecast to 6.9%
Global investment bank Goldman Sachs has revised its growth forecast for India, raising the country's real GDP growth in calendar year 2026 (CY26) by 20 basis points to 6.9%.
Why Bangladesh's zero-duty US access is worrying Indian textile exporters
The recent US-Bangladesh trade agreement has raised concerns among Indian textile exporters.
SIP contributions rise 17% YoY to ₹31,000cr in January
Systematic Investment Plans (SIPs) have shown resilience in the face of market volatility, with monthly contributions remaining consistent at ₹31,002 crore.
ED summons Tina Ambani in money laundering case
The Enforcement Directorate (ED) has summoned Tina Ambani, wife of Reliance Group Chairman Anil Ambani, for questioning in a money laundering case.
Alphabet has announced a 100-year bond sale: Why it matters
Google's parent company Alphabet is gearing up for its biggest-ever borrowing plan, including an unusual 100-year bond.
'Addiction machines': Did Meta, YouTube harm mental health of users?
The owners of Instagram and YouTube are facing allegations of creating "addiction machines" through their platforms.
Adani facing US probe over imports of Iranian oil
The US Treasury Department has sought information from Adani Enterprises over allegations of importing Iranian oil products into India.
8th Pay Commission: Employees, pensioners can now submit submissions
The Indian government has launched the official website for the 8th Central Pay Commission (CPC), a platform where central government employees and other stakeholders can provide their inputs on salary, pension, and allowances.
Eternal, Swiggy shares jump up to 6%: Here's why
Shares of Eternal and Swiggy have hit multi-month highs today. The surge comes after Eternal's launch of an AI-powered hotline for delivery partner onboarding and increased mutual fund investments in both companies.
Gold ETF inflows jump 100% to ₹24,040 crore in January
India's gold exchange-traded funds (ETFs) witnessed a historic surge in investor interest in January.
PAN might become necessary for hotel bills above ₹1L
The Indian government has proposed major changes in the new Income Tax Rules, 2026.
Why Anthropic's expansion in India might take a hit
Anthropic, a leading artificial intelligence (AI) company, is facing a legal challenge in India over its brand name.
Gold, silver prices fall as US dollar strengthens
Gold and silver prices fell on Tuesday, after a two-day rally. The decline comes as the US dollar strengthened from a more than one-week low.
Global memory shortage adds fresh uncertainty for tech stocks
The ongoing memory chip price surge is creating a huge disparity in the stock market, with no signs of abating.
IndiGo adds backup pilots as government's FDTL relief ends
IndiGo has ramped up its pilot buffer and improved the pilot-to-aircraft ratio in anticipation of the February 10 deadline for temporary exemptions on pilot rest periods.
BYD sues US over Trump tariffs, seeks refund for levies
Chinese electric vehicle (EV) giant BYD has sued the US government over tariffs imposed during Donald Trump's presidency.
BSE rallies 6%, hits 52-week high after strong Q3 results
BSE Ltd's share price has witnessed a massive jump of 6%, hitting a new 52-week high of ₹3,178.4 per share today.
Trump backs Fed nominee Kevin Warsh, predicts 15% GDP growth
US President Donald Trump has claimed that his nominee for the Federal Reserve, Kevin Warsh, could potentially drive the country's economy to a whopping 15% growth rate.
Salesforce cuts under 1,000 jobs amid AI push
Salesforce, a leading cloud software provider, has laid off fewer than 1,000 employees this month.
Indian-origin Tesla VP Raj Jegannathan quits after 13 years
Raj Jegannathan, a prominent Indian-origin executive at Tesla, has announced his decision to leave the company after a long tenure of 13 years.
Bitcoin is better than gold: 'Rich Dad Poor Dad' author
Renowned author and investor, Robert Kiyosaki, has weighed in on the age-old debate of gold vs Bitcoin.
UP's first economic survey released: What are the highlights?
The Uttar Pradesh government has unveiled its Economic Survey, outlining a strategy to transform the state into a $1 trillion economy.
You can withdraw your EPFO corpus via UPI from April
The Employees' Provident Fund Organisation (EPFO) is gearing up to launch a new mobile app by March-end or April.
YouTuber Nitish Rajput facing ₹2.5cr defamation suit: Here's why
YouTuber Nitish Rajput is facing a ₹2.5 crore defamation suit from Eduquity Technologies, a human resource consulting firm.
JioHotstar ropes in leaders from Google, Flipkart to boost capabilities
JioHotstar is bolstering its leadership team by bringing in top executives from leading global tech companies.
Kalyan Jewellers seeks SEBI probe into alleged stock manipulation
Kalyan Jewellers has accused certain entities of manipulating its stock price and has requested the Securities and Exchange Board of India (SEBI) to intervene.
Why China has ordered banks to dump US Treasuries
Chinese regulators have asked banks to offload their holdings of US debt and treasury bonds.
Taxpayers in these cities may soon get 50% HRA exemption
The Indian government is considering expanding the list of cities eligible for a 50% House Rent Allowance (HRA) exemption under the old tax regime.
Barbeque Nation can't charge service fee at its restaurants anymore
The Central Consumer Protection Authority (CCPA) has directed Barbeque Nation Hospitality Ltd to stop charging a service fee at its restaurants.
AI Summit rush: Delhi hotel rates soar to ₹32L/night
Delhi is witnessing a major surge in demand for luxury accommodations ahead of the highly-anticipated AI Impact Summit.