Business News
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Fed's Beth Hammack and Neel Kashkari urge rate hikes now
Two Federal Reserve officials emphasized the need for immediate interest rate hikes, citing persistent inflation above the 2% target and risks of entrenched price pressures.
Banks update FD rates July 31 2026 domestic banks lead
Fixed deposits remain a reliable investment option, offering assured returns. Interest rates vary across banks, with some private sector banks providing rates as high as 7.5%.
Exxon Mobil profit up 105% to $14.53 billion, revenue $116.02B
Exxon Mobil's Q2 net profit surged 105% YoY to $14.53 billion, driven by elevated crude oil prices and record production levels across key operations, including the Permian Basin.
Intellect Design Q1 FY27 profit rises to 102cr, shares slip
Intellect Design Arena reported an 8.5% rise in Q1 FY27 consolidated net profit to ₹102 crore, with revenue from operations increasing to ₹845 crore from ₹702 crore year-on-year.
MeitY's Sinha says Semicon 2.0 aims at 100 fabless startups
The Indian government aims to nurture 100 fabless semiconductor companies under Semicon 2.0, with approvals based on proposal quality, according to ISM CEO Amitesh Kumar Sinha.
Dixon Technologies Q1 profit almost triples to ₹663.42cr, revenue ₹15,547.66cr
Dixon Technologies reported a consolidated net profit of ₹663.42 crore for Q1 FY26, marking a significant rise from ₹224.97 crore in the same period last year.
Maruti Suzuki Q1 FY27 profit ₹3,352cr as revenue rises 36%
Maruti Suzuki reported an 11% YoY decline in Q1 FY27 net profit to ₹3,352 crore, despite a 36% surge in net sales income to ₹49,959 crore.
Shree Cement Q1 profit falls 17.48%, revenue jumps 18%
Shree Cement reported a 17.48% decline in Q1 FY27 net profit to ₹531.12 crore, while revenue rose 18% year-on-year to ₹6,233.13 crore due to higher input costs.
EPFO aims to process most new claims within 2 days
EPFO has cleared its claim settlement backlog, with 90% auto-settle claims, aiming to process fresh claims within one to two days, says CPFC Ramesh Krishnamurthy.
Novo Nordisk trial finds no heart benefit for ziltivekimab
Novo Nordisk shares plunged after its heart drug ziltivekimab failed to significantly reduce major adverse cardiovascular events in a late-stage trial.
Indian startup funding plunges 57% to $80 million last week
Startup funding in India plunged 57% week-on-week to $80 million during July 24–30, marking the lowest capital raised and fewest deals recorded in three weeks.
Universal Music Group shares tumble 25% as subscription revenue slows
Universal Music Group shares fell 25% after reporting slower subscription revenue growth, unsettling investors and wiping €8.8 billion off its market value in a single day.
Wall Street tech swing boosts Nasdaq-100 futures as Amazon surges
Nasdaq-100 futures rose 1.2%, extending Thursday's 3.36% surge, as strong tech earnings boosted sentiment. Amazon shares jumped 13% pre-market following upbeat quarterly results.
Bloomberg delays adding Indian government bonds to global aggregate index
Bloomberg postponed adding Indian government bonds to its Global Aggregate Index, citing the need for proven effectiveness of recent market reforms for foreign investors.
Chainalysis reports $20 billion traded on World Cup prediction markets
The 2026 FIFA World Cup drove $20 billion in prediction market volume, surpassing all previous events, with $5.7 billion traded during the tournament, according to Chainalysis.
Centre extends PM-KISAN for 5 years with ₹3.15L crore outlay
The Union Cabinet has approved the extension of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme by five years, until the fiscal year 2030-31. The total outlay for this extended period is ₹3,15,614 crore.
RBI pushes banks near international borders to install note-checking machines
The Reserve Bank of India has instructed banks near international borders to install note authentication machines, aiming to enhance counterfeit currency detection and reporting.
Why Swiggy shares fell despite better Q1 results
Swiggy's shares fell over 5% in intraday trading on the BSE today, a day after the company announced its June quarter (Q1FY27) results.
Cognizant completes 1st global Codex hackathon with OpenAI, 10,000 employees
Cognizant partnered with OpenAI to host its first global Codex Hackathon, engaging 10,000 employees across six Indian cities to develop AI-driven enterprise solutions.
India's foreign exchange reserves rise $6.1 billion to $682.35 billion
India's foreign exchange reserves surged by $6.1 billion, reaching $682.35 billion as of July 24, driven by increases in foreign currency assets and gold reserves.
India's April-June fiscal deficit 3.08L/cr, full-year target 4.3% GDP
India's fiscal deficit reached Rs 3.08 lakh crore in Q1 FY27, accounting for 18.2% of the full-year target pegged at Rs 16.96 lakh crore or 4.3% of GDP.
Apple posts 22% revenue gain while capturing 49% smartphone revenue
Apple achieved a record 49% global revenue share in Q2 2026, driven by a 22% YoY revenue growth fueled by increased shipments and stable pricing strategies.
BMW plans to cut about 8,000 jobs globally by end-2027
BMW plans to reduce its global workforce by 8,000 jobs by 2027, focusing on voluntary redundancies in German white-collar roles due to declining demand in China.
Space-Eyes to trade as CUAS on Nasdaq after $638 million merger
Defense technology firm Space-Eyes plans to go public via a $638 million merger with McKinley Acquisition Corp, with Eric Trump serving as a strategic adviser post-transaction.
India's Q1 crude oil import bill hits record $50B
India's crude oil import bill for the first quarter of FY27 has hit a record high, nearing $50 billion.
Aditya Birla Capital posts 40% profit rise, income ₹12,187 cr
Aditya Birla Capital Ltd reported a 40% rise in consolidated net profit to ₹1,175 crore for Q1 FY27, with total income surging to ₹12,187 crore.
Why Amazon and Flipkart are slashing seller fees
Amazon and Flipkart are slashing or waiving commissions on a wide range of products. The move is aimed at expanding their footprint in India's smaller cities and towns, where online shopping is booming.
Maruti Suzuki Q1 profit falls 9.1% despite 35.9% revenue surge
Maruti Suzuki's Q1 net profit fell 9.1% YoY to ₹3,446.9 crore, as higher input costs and expenses offset a robust 35.9% revenue growth to ₹52,469 crore.
Government extends PM-KISAN to 2030-31 with ₹3,15,614cr backing for farmers
The Union Cabinet has approved the extension of the PM-KISAN scheme for five years, allocating ₹3.15 lakh crore to provide annual financial support of ₹6,000 to eligible farmers.
Indian rupee at ₹95.35 after RBI action and ₹7,360cr inflow
The rupee appreciated 15 paise to close at 95.35 against the U.S. dollar on July 31, 2026, driven by foreign capital inflows and Reserve Bank of India's intervention.
Bajaj Finance shares surge 8.32% as market value tops ₹7.1L/cr
Bajaj Finance shares soared 8.32% on Friday, marking their best daily gain in four years, creating ₹52,889.5 crore in investor wealth in a single day.
India launches Semicon 2.0 to build a complete chip ecosystem
India's revamped semiconductor policy emphasizes fabless firms and supply chain localization, while ISM CEO confirms Tower Semiconductor's continued interest in India.
Sensex, Nifty rise as Bajaj Finance, Mahindra & Mahindra rally
Benchmark indices ended higher on Friday as strong earnings from Bajaj Finance and Mahindra & Mahindra boosted financial and auto stocks, offsetting weakness in the IT sector.
Sensex rises 166 points as Nifty gains 66 on Friday
The stock market extended its rally for the third consecutive session as earnings-driven buying in financials and auto stocks, along with large-cap support, boosted indices.
RBI intervention lifts Indian rupee to 95.38 per US dollar
The Indian rupee surged 1% this week, marking its best performance since March, as central bank interventions and a weaker dollar provided crucial support amidst rising oil prices.
Payment corridor enables instant mobile-to-UPI transfers between Maldives and India
The Maldives and India have activated the Favara-UPI payment corridor, enabling real-time fund transfers and enhancing bilateral digital financial connectivity.
Air India, SkyDrive, Suzuki to test eVTOL medical deliveries
Air India partners with SkyDrive and Suzuki to assess electric air taxis for faster medical deliveries, addressing urban congestion challenges in India's healthcare logistics.
RBI lets banks offer differential rates on bulk deposits
The Reserve Bank of India (RBI) has permitted banks to offer different interest rates on bulk deposits, depending on their specific run-off rates under the liquidity coverage ratio (LCR) framework.
Binance launches gold and silver options settled in USDT
Binance has introduced European-style options for gold and silver, enabling users to trade commodity derivatives alongside cryptocurrencies through its regulated platform.
Uber to invest up to $1.25B with Rivian for robotaxis
Uber plans to invest $1.25 billion in Rivian by 2031 to deploy up to 50,000 autonomous R2 robotaxis, starting with launches in San Francisco and Miami by 2028.
Key financial rules changing from August 1
August will bring a series of changes that could affect your everyday life, including banking rules, tax regulations, and travel procedures.
Sun Pharma posts 27% June quarter net profit to ₹2,895cr
Sun Pharmaceutical Industries reported a 27% rise in quarterly profit, driven by robust demand for high-margin specialty medicines and a 10.5% increase in overall revenue.
Supreme Court stays Delhi High Court RTI order on NSE
The Supreme Court granted interim relief to NSE by staying the Delhi High Court's ruling and a 2007 CIC order that classified the exchange as a public authority under the RTI Act.
Emerge Renewables opens North India's 1st Kotputli-Behror solar glass plant
Emerge Renewables has launched North India’s first dedicated solar glass manufacturing facility in Kotputli-Behror, Rajasthan, with a production capacity of 300 tonnes per day.
India and Canada working to seal CEPA by late 2026
India and Canada are progressing towards concluding the Comprehensive Economic Partnership Agreement (CEPA) negotiations, targeting late 2026 for completion, according to the MEA.
Cube Highways InvIT debuts at ₹155 with ₹21,045cr market cap
Cube Highways Trust InvIT listed at Rs 155 per unit, a 2% premium over its issue price of Rs 152, following robust investor demand for its Rs 5,000-crore public offering.
STOXX Europe 600 sets record on tech gains and earnings
European shares soared to a record high, driven by a technology stock rally and upbeat corporate earnings, as easing oil prices further bolstered investor sentiment.
Why IndiGo won't order new aircraft before 2030
IndiGo, India's largest airline, will delay its next aircraft order till 2030.
Shocker! BP is selling its North Sea oil, gas business
UK oil and gas giant BP has announced the sale of its North Sea business, marking the end of over 60 years of production in the region.
Flipkart Plus members now get Netflix's mobile plan for free
E-commerce giant Flipkart has teamed up with streaming service Netflix to offer a free monthly Netflix Mobile Plan.
ECB mulls rate hike as Eurozone inflation rises to 2.9%
Euro zone inflation edged up to 2.9% in July, driven by higher oil prices, while underlying inflation also accelerated, reinforcing expectations of an ECB rate hike.
Razorpay makes CNBC Statista 2026 fintech list 4th straight year
Razorpay has been featured in CNBC and Statista's 2026 list of the World’s Top Fintech Companies, marking its fourth consecutive recognition in the Payments category.
Altimetrik becomes OpenAI Advanced Partner for GPT-5.6 and ChatGPT work
Altimetrik, an AI-first digital engineering company, has achieved OpenAI Advanced Partner status to accelerate enterprise adoption of cutting-edge AI solutions globally.
India posts $49.66bn crude import bill amid West Asia conflict
India’s Q1 FY27 crude oil import bill surged to a record $50 billion, driven by supply disruptions from the ongoing West Asia conflict and a weakened Indian Rupee.
ESAF Small Finance Bank posts 80.1cr June quarter profit
ESAF Small Finance Bank's shares surged up to 10% after reporting a ₹80.1 crore net profit in Q1, driven by strong net interest income growth and improved asset quality.
Amazon and Flipkart cut commissions to target tier 2 shoppers
Amazon and Flipkart are reducing seller commissions to attract merchants and consumers in India's smaller cities, aiming to boost online shopping growth in non-metro regions.
India to roll out Semicon 2.0 program to expedite approvals
India plans to expedite Semicon 2.0 project approvals as global semiconductor companies from Japan, the US, Europe, and Southeast Asia show strong investment interest.
India outperforms global tech markets as Nifty IT jumps 16.7%
Indian equities are gaining traction as global investors shift from AI-heavy markets, with the Nifty IT index surging 16.7% in July amid a broader sector rotation.
Intellect Design Arena posts FY27 revenue ₹845cr profit up 9%
Intellect Design Arena reported a 20% revenue growth in Q1 FY27, driven by demand for AI-led banking platforms, while EBITDA margins eased slightly due to growth investments.
Lupin launches FDA-approved generic sugammadex injection in US market
Lupin Limited has introduced its FDA-approved generic Sugammadex Injection in the US, offering a bioequivalent alternative to Merck's Bridion for reversing neuromuscular blockade.
WTO: AI tech boosts global trade amid Middle East tensions
Global trade surged in Q1 2026, driven by a 40% rise in AI-enabling goods, offsetting disruptions from the Middle East conflict, the WTO reported.
Jefferies: China poised to become major AI force for consumers
China is emerging as the top contender in consumer-facing AI, Jefferies reports, despite semiconductor stock volatility and concerns over global Big Tech's soaring AI spending.
Microsoft posts $90B Q4 FY2026 revenue, cloud $59.3B, beats forecasts
Microsoft CFO Amy Hood's email underscores the success of AI-driven initiatives like Azure and Copilot, while emphasizing customer trust, security, and evolving priorities.
IBM partners with Sarvam to build Indian government AI tools
IBM and Sarvam have joined forces to advance sovereign AI in India, focusing on government, public sector, and regulated enterprises with innovative, compliance-driven solutions.
Investors shift focus to India amid Asia's FOMO AI volatility
Sachee Trivedi discusses Asia's volatile AI-driven markets, highlighting India's renewed attractiveness due to corrected valuations and structural investment stability.
McKinsey finds AI boosts insurers' sales conversions and agent success
AI is enabling insurers to cut customer onboarding costs by up to 40% and improve claims processing accuracy by 3-5%, according to a McKinsey report.
Swiggy stock falls 5% despite narrower loss and stronger revenue
Swiggy shares dropped up to 5% as brokerages downgraded target prices following weaker-than-expected Q1 performance, despite narrowing losses and revenue growth.
Quess Corp says AI will boost IT hiring this quarter
Quess CEO Lohit Bhatia predicts improved IT hiring in Q2 as enterprises boost AI investments, with demand surging for niche roles like AI, machine learning, and cybersecurity.
ITR deadline today: Last-minute checklist for taxpayers
The deadline for filing Income Tax Returns (ITR) is today. Taxpayers are advised to double-check certain details before hitting the 'Submit' button.
Flipkart, Netflix let Plus members earn free Netflix Mobile plan
Flipkart Plus members can now earn a free Netflix Mobile Plan monthly by completing four qualifying orders, marking Netflix's first e-commerce partnership in India.
HSBC to stop retail banking services in Australia next year
HSBC, the London-based multinational bank and financial services holding company, has announced its exit from the Australian retail banking sector.
After IndiGo, Air India joins electric aircraft business
Air India has marked its entry into India's nascent electric vertical take-off and landing (eVTOL) aviation sector.
Bajaj Finserv Q1 results: Net profit rises 12% to ₹3,132cr
Bajaj Finserv has reported a consolidated net profit of ₹3,132 crore for the first quarter of FY27.
Apple posts record June quarter revenue of nearly $110B
Apple has reported a record revenue for the June quarter, driven by robust iPhone and Mac sales.
Amazon gains over 9% after-hours on strong AWS-led Q2
Amazon shares soared 9% post strong AI-driven earnings, while Thermax plunged 15% after a sharp Q1 miss. Meanwhile, Trump announced a phased Hamas disarmament deal draft.
Chinese tech stocks rally Friday as STAR50 and CHINEXT jump
Chinese tech stocks soared on Friday, driven by easing AI sell-off fears and renewed policy support for innovation, even as broader markets faced steep monthly declines.
Avaada Group secures $1.3 billion to develop 2,150MW renewables
Avaada Group has achieved financial closure of $1.3 billion for its 2,150 MW renewable energy projects in Gujarat and Maharashtra, backed by leading Indian financial institutions.
Poojaa Precision Engineering IPO draws 30,000cr bids, allotment expected today
The Poojaa Precision IPO witnessed robust investor interest, garnering ₹30,000 crore in bids. Its grey market premium (GMP) has surged to ₹230, reflecting bullish market sentiment.
Microsoft's $450B one-day surge sets Wall Street record
Microsoft has witnessed a massive surge in its stock price, with shares jumping over 15% on Thursday. The jump has added nearly $450 billion to the company's market capitalization.
Netweb Technologies shares surge nearly 10% after Q1 ₹819cr revenue
Netweb Technologies shares jumped nearly 10% on July 31, driven by robust Q1 results with a 172% revenue growth and strong order pipeline, snapping a two-day losing streak.
IKEA opens 2nd Delhi store in Saket, 30,000 sq ft
IKEA's second Delhi store opens at DLF Avenue, Saket, spanning 30,000 sq ft across two floors with nearly 3,000 products in-store and a Swedish cafe.
New York AG James sues Kalshi, warns of youth gambling
New York Attorney General Letitia James has sued Kalshi, alleging its prediction market platform operates illegally without a state gambling license, violating gaming laws.
Thermax Q1 net profit plunges 85% shares fall over 16%
Thermax shares plunged over 16% following an 85% year-on-year drop in Q1 net profit, driven by cost overruns in its industrial infra segment and higher expenses.
Hyundai Motor India shares jump 7.2% as analysts expect rebound
Hyundai Motor India shares soared 7.2% after analysts projected improved earnings and volume growth in the fiscal year's second half, despite a recent profit dip.
Microsoft gains nearly $450B, overtakes NVIDIA after AI-focused results
Microsoft achieved the largest single-day market value gain in history, adding $450 billion after strong earnings highlighted the success of its AI-driven cloud business, Azure.
Indo-MIM shares surge over 60% to ₹776.90 after IPO
Indo-MIM shares surged nearly 60% above their Rs 485 IPO price within two trading sessions, driven by strong investor interest and robust market debut performance.
HSBC to exit Australian retail banking, sell $36bn to Blackstone
HSBC will close all 19 Australian branches over 18 months after selling its $36bn mortgage and personal loan portfolio to Blackstone, marking the end of its retail presence.
ChangXin Memory Technologies shares surge nearly 466% to $592 billion
Chinese DRAM maker CXMT briefly surpassed a $590 billion market value, becoming the most valuable company on China’s A-share market after its record-breaking STAR Market debut.
Visa to cut 2,600 jobs in global restructuring move
Visa has announced 2,600 job cuts, impacting 7% of its global workforce. The layoffs affect tech and product teams, with even senior management and entire teams being let go.
Apple posts record $109.4B Q3 revenue, Tim Cook praises India
Apple reported robust double-digit growth in India's Mac segment, driven by strong demand for the MacBook Neo and a surge in first-time Mac buyers.
China's factory activity shrinks for first time in 5 months
China's factory activity has seen an unexpected contraction in July, the first such decline since February.
AI infrastructure demand lifts Indian firms, Sterlite Technologies secures $1.1B
Indian manufacturers are capitalizing on the global AI surge by supplying essential infrastructure components, despite lagging in chip production and competitive AI models.
China's manufacturing PMI dips to 49.2 amid slow growth
China's factory activity unexpectedly contracted in July, with the PMI dropping to 49.2, marking its first decline in five months and highlighting mounting economic challenges.
Syrma SGS approves up to ₹1000cr fundraising to boost chipmaking
Syrma SGS Technology is exploring advanced semiconductor supply chain roles, avoiding low-end chip assembly, with a Rs 1,000-crore fundraise proposal as a strategic reserve.
Bajaj Finserv, ITC among firms announcing Q1 FY2027 results
Top companies across sectors, including Bajaj Finserv, ITC, and Maruti Suzuki India, are set to release their June quarter earnings today, drawing significant investor attention.
India's 10-year yield slips to 6.8061% as Brent falls
The benchmark 10-year bond yield fell to 6.8061% on July 31, aided by softer Brent crude prices, while traders awaited India's weekly debt auction for further market cues.
Gold heads for first monthly gain in 5 months
Gold prices fell slightly on Friday, but are still headed for their first monthly gain in five months.
Sensex up 49.44, Nifty above 24,300 as Infosys, TCS slip
Sensex and Nifty opened slightly higher on Friday, driven by gains in financial stocks, while the IT index plunged over 3% amid a global revival in AI-linked trades.
Tesla considers separating China business amid SpaceX merger talks: Report
Tesla is considering the separation of its China business in light of a possible merger with SpaceX, The Wall Street Journal reported.
KOSPI rockets 17% as Samsung, SK Hynix lead rebound
South Korea's benchmark KOSPI index staged a remarkable recovery on Friday, soaring 17% to recover most of the losses incurred earlier this week.
Amid U.S.-Iran tensions commodities mixed with oil down, gold up
Oil dipped after a volatile week but is set for its largest monthly gain since March, while gold eyes a 2.2% rise in July amid geopolitical tensions.
Silverstorm Parks and Resorts raises ₹82.43cr in BSE SME IPO
Silverstorm Parks & Resorts is set to debut on the BSE SME platform, with a 4% grey market premium signaling moderate listing gains above its issue price of Rs 123-133 per share.
Indian rupee opens at 95.39 as US dollar index weakens
The Indian rupee opened 29 paise higher at 95.39 per US dollar, supported by a weaker greenback and easing crude oil prices, boosting sentiment for the domestic currency.
Indian family offices adopt profit sharing and carried interest deals
India's family offices are increasingly offering profit-sharing and carried interest models to attract top investment talent amid fierce industry competition.
Fusion Klassroom Edutech secures 11.08 cr from anchor investors
Fusion Klassroom Edutech raised ₹11.08 crore from anchor investors, allocating 6.96 lakh shares at ₹159 each ahead of its ₹39.04-crore SME IPO opening on July 31.
Bitcoin holds near $64,350 as Federal Reserve caution caps gains
Markets are set to open in green on Friday, supported by softer US inflation data and selective gains in large-cap altcoins like Ethereum and BNB.
Wall Street questions whether AI hype can deliver profits
Investors are growing cautious as soaring AI valuations spark fears of a speculative bubble, raising doubts about the sustainability of current investment levels.
Gift Nifty futures signal nearly 100-point jump, FPIs invested ₹3,600Cr
Indian stock markets are set for a positive opening, with GIFT Nifty trading around 24,450, supported by a global rally in technology stocks and robust Asian market performance.
RAI and Google partner to get over 600,000 retailers online
RAI and Google have partnered to accelerate digital adoption among Indian retailers, focusing on empowering small and medium-sized businesses with advanced technological solutions.
Kospi rebounds 17% as Samsung Electronics and SK Hynix rally
South Korea's Kospi index soared 17% Friday, recovering from a steep three-day decline, driven by gains in chipmakers Samsung and SK Hynix amid improved global tech sentiment.
RBI asks HDFC Bank to explain 1L fines on executives
The Reserve Bank of India has sought clarification from HDFC Bank regarding the Rs 1 lakh penalty imposed on three top executives over alleged wrongful incentives.
Russia extends fuel export ban until January 31, 2027
Russia has extended its diesel and gasoline export bans until January 31, 2027, aiming to stabilize domestic markets amid fuel shortages caused by Ukrainian drone attacks.
July gold up over 2.2% 1st monthly gain since February
Gold prices are set to achieve a 2.2% monthly gain in July, driven by geopolitical tensions and a softer US interest rate outlook, while silver prices saw slight declines.
Corporate India posts 18% June quarter revenue growth, 15-quarter high
Corporate India's June-quarter revenue grew 18% year-on-year, the highest in 15 quarters, driven by resilient domestic demand and pricing power despite a sharp rise in total costs.
Asian stocks rally as Microsoft and Amazon ease AI fears
Asian markets soared Friday, with South Korea's Kospi skyrocketing 14% and Japan's Nikkei climbing 5%, fueled by a rebound in AI-linked assets and easing selloff fears.
South Korea KOSPI gains 15% as SK Hynix, Samsung soar
South Korea's KOSPI surged 15%, led by SK Hynix and Samsung Electronics, as renewed optimism in AI investments and strategic moves by major firms fueled a record-breaking recovery.
Big Tech AI spending revives chip industry, Amazon raises $220B
Amazon, Microsoft, Alphabet, and Meta are driving a $700-billion wave of AI spending, boosting demand for chips and data center equipment after recent market slumps.
Uttar Pradesh conditionally cleared 2 semiconductor projects awaiting MeitY nod
Uttar Pradesh has granted conditional clearances for two semiconductor proposals, pending approval from MeitY as the state prepares for Semicon 2.0 guidelines.
AI startup LemonLime offered tattoos for interviews in San Francisco
An AI startup, LemonLime, offered guaranteed job interviews to attendees who got tattoos at a networking event, igniting online backlash over unconventional hiring practices.
Manipal Health Enterprises IPO 45% subscribed priced ₹560-₹590 closing today
Manipal Health's ₹9,275-crore IPO saw a muted response, with overall subscription reaching 45% by the second day. The grey market premium remained low at ₹6 ahead of its closure.
Infosys to hire 20,000 graduates in FY27 amid AI demand
Infosys plans to hire 20,000 graduates this year, matching last year's target, as it bets on AI-native talent to drive growth and meet the rising demand for advanced AI skills.
Hindalco only proposer to co-develop small nuclear reactors with NPCIL
Hindalco aims to secure long-term, low-carbon electricity through a captive nuclear reactor, ensuring cost stability and supporting its decarbonization and expansion goals.
NTT Data Payment Services plans to link UPI across Asia
NTT Data Payment Services aims to globalize India's UPI by creating a hub-based network, enabling seamless cross-border transactions across Asia without multiple bilateral links.
Groww founders launch ₹400-₹500cr founder-funded early-stage consumer-internet deep-tech fund
Groww’s cofounders are establishing a Rs 400-500 crore seed and early-stage fund to invest in consumer internet and deeptech startups, using their personal capital.
Salil Parekh stepping down as Infosys CEO in March 2027
Outgoing CEO Salil Parekh asserts that Infosys is stronger than ever, citing $20 billion in revenue and strategic investments positioning the company as an AI leader.
Tata Steel to buy 23% TMILL stake for ₹335 cr
Tata Steel is acquiring Martrade's 23% stake in TM International Logistics for Rs 335 crore, increasing its ownership to 74% and ending a joint venture established in 2001.
Amazon beats revenue and earnings estimates as shares jump
Amazon shares soared 9% in extended trading after robust Q2 results, driven by 37% growth in AWS. The company also raised its annual capex forecast to $220 billion.
Salil Parekh doubled Infosys revenue and raised digital to 60%
Infosys CEO Salil Parekh highlights how partnerships with AI labs like OpenAI and Anthropic underscore the essential role of IT services in enterprise deployment.
Oil posts largest monthly gain since March amid U.S.-Iran tensions
Oil prices are set for their largest monthly gain since March, driven by escalating US-Iran tensions and supply disruptions in the Middle East and Black Sea regions.
Bitcoin dips to $63,018, Ethereum stumbles amid US rate fears
Bitcoin dropped 2.9% to $63,018 as fears of higher US interest rates and macroeconomic uncertainties prompted investors to retreat from risk assets, including cryptocurrencies.
Reddit Q2 revenues $805 million net income $253 million but shares drop
Reddit posted strong Q2 results with $805M revenue (+61% YoY) but warned of "choppy" search traffic, raising investor concerns about AI's impact on user growth and referrals.
Apple shares fall 8% after-hours after revenue forecast misses expectations
Apple Inc. shares dropped 8% in extended trading as supply chain constraints and weaker-than-expected growth in China and services impacted its fiscal fourth-quarter sales outlook.
Apple posts $109.42B 3rd-quarter revenue driven by iPhones and Macs
Apple's Q3 revenue surged 16.4% to $109.42 billion, driven by record iPhone sales and robust MacBook demand, as CEO Tim Cook navigates supply chain challenges in his final years.
Amazon Q2 2026 sales $200.6B as AWS revenue up 37%
Amazon posted robust Q2 profits and net sales, driven by a 37% surge in its AWS cloud computing unit, marking its fastest growth in 18 quarters.
Strategy posts $8.2B Q2 loss from fair-value Bitcoin slump
Strategy (MSTR) reported an $8.2 billion second-quarter net loss, driven by an $8.32 billion unrealized markdown on its bitcoin holdings amid declining cryptocurrency prices.
Coinbase Q2 revenue misses forecast as shares drop 5% after-hours
Coinbase shares dropped 5% in after-hours trading as Q2 revenue fell short of expectations, reflecting weak crypto trading activity amid declining digital asset prices.
Amazon's AWS revenue beats forecasts, up 37% to $42.2 billion
Amazon.com surpassed market expectations for quarterly cloud revenue, with Amazon Web Services reporting a 37% jump to $42.2 billion, driven by surging enterprise AI spending.
Simile raises $200 million Series B, valuation climbs to $2B
Simile, an AI-driven synthetic-user startup, raised $200M in a Series B led by Greenoaks, achieving a $2B valuation just five months after its $100M Series A.
CBIC to issue new framework for multistate GST appeals
The CBIC is finalizing a framework to streamline departmental appeals across states, ensuring clarity for field formations filing cases before the GST Appellate Tribunal.
DPIIT targets 5% toy market share for India by 2032
India aims to capture 5% of the global toy market by 2032, focusing on exports to 10 key countries and emerging categories like AI-assisted toys and traditional themes.
Meta shares drop 9.4% on 91% free cash flow decline
Meta's stock plunged 9.4% Thursday after disappointing earnings, extending an 11-day losing streak, while Microsoft and chip stocks soared on strong AI-driven revenue growth.
Zepto pauses listing plans, seeks over ₹1,000cr in pre-IPO funding
Zepto, a leading player in the quick commerce industry, has decided to put its initial public offering (IPO) plans on hold, as per Moneycontrol.
L&T to create in-house ecosystem for making EV components
Larsen & Toubro Electronic Products & Systems (LTEPS) has announced its plan to provide an entire ecosystem of mobility solutions in-house.
Why RBI sold $7B last Friday
The Reserve Bank of India (RBI) sold around $7 billion last Friday in a bid to defend the Indian rupee.
ITR filing deadline tomorrow: What happens if you miss it
The deadline for filing Income Tax Returns (ITR) for the Assessment Year (AY) 2026-27 is tomorrow.
Mahindra's Q1 results: Net profit rises 6.8% to ₹3,685cr
Mahindra & Mahindra, a leading Indian automaker, has reported a 6.8% rise in its standalone profit after tax for the quarter ending June 30.
Flipkart now lets you pay for products within 30 days
Flipkart has launched a new credit service called "Flipkart Pay Later," in partnership with PayU Finance.
PhonePe introduces PulsePro, an intelligence platform for businesses
PhonePe has launched a new enterprise intelligence platform called PulsePro.
India's gold demand down 6% in Q2: What's the reason?
India's gold demand fell by 6% to 131 tons in the June quarter (Q2), according to a report by the World Gold Council.
X settles 2-year legal battle with global advertising body
Elon Musk's social media platform, X, has settled a long-standing legal dispute with the World Federation of Advertisers (WFA).
Meta shares tank 11% as AI spending spree rattles investors
Meta, the parent company of Facebook, WhatsApp, and Instagram, has witnessed a major dip in its stock prices.
Microsoft revenue hits $90B as AI fuels record quarter
Microsoft's shares rose by 8% in after-hours trading on Wednesday, following the company's announcement of a strong fiscal fourth-quarter revenue and steady 2026 capital expenditure plans.
Samsung's profit explodes over 1,800% on AI chip demand
Samsung Electronics has reported a record-breaking quarterly operating profit for the second quarter of 2026.
Google Pay's new credit card is here: Check fee, benefits
SBI Card and Google Pay have teamed up to launch a new co-branded credit card.
Indo-MIM shares list at 45% premium over IPO price
Indo-MIM, a leading manufacturer of precision engineering components, has made a strong debut on the stock market.
Oil prices fall below $90
Oil prices have witnessed a slight decline as tankers continue to operate in West Asia, despite rising tensions.
Federal Reserve holds rates as 3 policymakers vote for hike
The US Federal Reserve has voted to keep its key interest rate unchanged, amid concerns over persistent inflation.
Air Force One delays push Boeing's losses past $3B
Boeing has announced a massive financial blow in the form of an additional $280 million loss related to its long-delayed Air Force One project.
Moonshot AI hits $35B valuation after Kimi K3 breakthrough
Chinese artificial intelligence (AI) start-up Moonshot AI has achieved a whopping $35 billion valuation, following a successful funding round that raised $3.5 billion.
Why Bengaluru restaurants are threatening to quit Swiggy and Zomato
Bengaluru's hotel and restaurant associations have threatened to stop accepting orders through leading food delivery platforms, Swiggy and Zomato.
New market closing rules could dent Zerodha revenue: Nithin Kamath
Nithin Kamath, the co-founder and CEO of Zerodha, has warned that a major change in India's equity market structure could impact the brokerage firm's revenue.
Adani Enterprises posts ₹1,160cr loss in Q1
Adani Enterprises, billionaire Gautam Adani's flagship firm, has reported a consolidated net loss of ₹1,160 crore for the June quarter, as against a net profit of ₹885 crore in the same period last year.
iPhones drive India's smartphone exports to record $9.8B in Q1
India's smartphone exports have hit a record high of nearly $10 billion in the first quarter of FY27.
BMW to cut 8,000 jobs by end of 2027
BMW has announced plans to offer voluntary redundancy to nearly half of its German workforce. The move is part of a larger strategy to cut around 8,000 jobs by the end of 2027.
Sensex surges 900 points: Key reasons behind today's rally
The Indian stock market is witnessing a major rally today, with the BSE Sensex soaring by over 880 points at the time of writing.
eBay to pay $56M to couple it harassed in 2019
In a bizarre chapter of e-commerce history, eBay has agreed to pay $56 million to a couple of newsletter writers.
iyO v/s OpenAI: Court halts proceedings amid settlement talks
The ongoing trademark lawsuit between iyO and OpenAI, along with Jony Ive, has been temporarily halted.
Why SK Hynix shares crashed despite 557% profit surge
South Korean chipmaker SK Hynix reported surging quarterly earnings, though its results fell short of high investor expectations fueled by the AI boom.
South Korea halts trading as AI chip selloff batters stocks
South Korea's benchmark Kospi index has witnessed a massive fall of over 11%. The decline has led to a market-wide trading halt for the second consecutive session.
BuzzFeed cuts 33% of workforce
BuzzFeed, the media giant that was an early adopter of artificial intelligence (AI), has announced a massive layoff.
Visa cuts 2,600 jobs
Visa, the world's largest payments network, is planning to lay off nearly 7% of its workforce.
Ferns N Petals plans IPO by end of 2028
Ferns N Petals, an Indian gifting retailer backed by Lighthouse, is planning to go public by the end of 2028.
India gets new digital payment fraud watchdog
The Indian government has launched the India Digital Payment Intelligence Corporation (IDPIC) to combat cyber financial frauds.
Delhi HC orders winding up of Paytm Payments Bank
The Delhi High Court has ordered the closure of Paytm Payments Bank Limited (PPBL), a move initiated by the Reserve Bank of India (RBI) after the bank's failure to comply with regulatory norms.
How Musk lost nearly $500B in a month
Elon Musk's net worth has witnessed a massive decline in July, plummeting from about $1.32 trillion to some $832 billion.
India's factory output rises 7.3% in June on manufacturing boost
India's industrial output witnessed a significant jump, growing at a rate of 7.3% year-on-year in June 2026.
Flipkart opens Ekart logistics network to businesses across India
Ekart, the supply chain arm of Flipkart Group, has opened its pan-India logistics network for external businesses.