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Pakistan to chair IMF and World Bank Group boards 2027
Pakistan will assume the chairmanship of the IMF and World Bank boards in 2027, marking its first return to this role since 1953.
LTM Limited posts 4.8% profit fall as AI surges 47%
LTM reported a 5% sequential drop in net profit despite a 47% year-on-year increase in AI revenue, declaring a ₹25 interim dividend.
Urban Company posts 182.5cr Q2 loss amid InstaHelp spending
Urban Company's net loss widened to ₹182.5 crore in Q2 FY27, even as revenue surged 41.4% to ₹537.3 crore, driven by investments in InstaHelp.
Apple opposes device searches of former Apple staff at OpenAI
Apple's lawyer told the court they don't need to inspect all devices of former employees who joined OpenAI, as the company knows which individuals are involved.
India's services exports fall 0.87% in September 2026 to $36.35bn
India's services exports fell by 0.87% to $36.35 billion in September 2026, following a record $421.3 billion in FY26, as AI and global disruptions impact growth.
Jensen Huang unveils $1.16B package to back 5 UK startups
Nvidia CEO Jensen Huang captivated a London audience with substantial investments in U.K. startups and candid remarks on Europe's tech landscape during his European tour.
Lemon Tree unit Carnation, Omaxe to invest ₹4,000cr in India
Omaxe Ltd has teamed up with Lemon Tree Hotels to develop 10 hotel projects across India, investing ₹4,000 crore to add 4,000 rooms under Lemon Tree's brand portfolio.
Gold and silver rebound in India as US dollar eases
Gold and silver futures rebounded on the MCX due to a weaker US dollar and lower Treasury yields, following a sharp sell-off in the previous session.
India's exports to US rise 11.1% to $50.81bn H1 FY27
India's merchandise exports to the US increased by 11.1% year-on-year, reaching $50.81 billion in April-September 2026, according to government data.
Rules to regulate airfares have been finalised, Centre tells SC
The Indian government has finalized rules to regulate airfares and will publish them in two weeks, Solicitor General Tushar Mehta told the Supreme Court on Friday.
Bitcoin rebounds above $82,000 after US producer prices jumped 6.3%
Bitcoin surged back to $82,000 after dipping below $80,000, as inflation worries led to $950 million in leveraged position liquidations.
Sensex up 413.66 points to 74,729.27 as IT stocks rally
The domestic equity markets closed higher on Friday, with the Sensex rising 414 points and the Nifty ending above 23,100, driven by a strong rally in IT stocks.
FSSAI acts against 6 food businesses over hygiene and claims
FSSAI has taken action against six firms, including BigBasket, Flipkart, and Radisson Blu, for violations related to hygiene, licensing requirements, and misleading health claims.
Nifty IT surges 11.5% as Sensex gains 413 points
Nifty IT index soared 11.5% this week, marking its largest weekly gain in nearly 18 years, as Tech Mahindra and TCS led the rally in Indian equity markets.
Swiggy sells entire stake in Lynks Logistics to Trustroot Internet
Swiggy Limited has finalized the sale of its shareholding in Lynks Logistics to Trustroot Internet Private Limited, concluding the transaction on October 15, 2026.
Jio IPO could make Reliance India's largest conglomerate: Uday Kotak
Jio Platforms' upcoming listing could push Reliance Group past Tata Group to become India's most valuable conglomerate by market capitalization.
India signs ₹2,500cr deal for GSAT-7C military communications satellite
The Indian Ministry of Defence has signed a ₹2,563 crore deal with NewSpace India Limited (NSIL) for the design, development, and manufacture of GSAT-7C.
Altimetrik launches PharmaOS in Hyderabad for life sciences AI workflows
Altimetrik has introduced PharmaOS, an AI platform for the life sciences sector, at its new Healthcare & Life Sciences Centre of Excellence in Hyderabad.
Wipro AI unit exceeds 2,000 engineers, CEO Srinivas Pallia says
Wipro's AI-native business unit now boasts over 2,000 engineers, including Forward Deployed Engineers (FDEs), driving success in outcome-based deals and nonlinear growth.
Federal Bank names Rajesh Varrier Additional Director pending shareholder approval
Rajesh Varrier, Cognizant India CMD, has been appointed as an Additional Director on Federal Bank's Board, pending shareholder approval.
European stocks near best week since August on earnings rally
European shares are poised for their largest weekly gain since August, driven by strong corporate earnings and stabilising technology stocks, as the STOXX 600 climbs.
NISM, CAMS introduce CAMS Lens in compliance and regtech lab
NISM and CAMS have partnered to integrate the AI-powered CAMS Lens platform into the NISM Compliance & RegTech Lab, enhancing regulatory research and compliance workflows.
Sensex and Nifty gain nearly 3%, IT stocks surge 10%
Nifty and Sensex surged up to 3% this week, with Nifty IT leading sectoral gains. The rupee also strengthened over 1%, adding to the positive market sentiment.
India AI datacenter hotspot as tech giants sign renewable deals
India's renewable energy firms are ramping up investments in solar and wind capacity to meet the growing demand from data centers driven by artificial intelligence advancements.
Competition and Markets Authority may grant Microsoft strategic market status
Britain's Competition and Markets Authority proposes designating Microsoft with strategic market status, potentially affecting its product bundling practices.
Ather Energy gets regulatory nod to sell insurance policies
Ather Insurance, a wholly-owned subsidiary of electric two-wheeler manufacturer Ather Energy, has received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI).
India Russia trade $38B H1 2026, on way to $100B
India and Russia's bilateral trade reached $38 billion in the first half of 2026, aiming for a $100 billion target by 2030.
ICICI Securities gives Tata Communication buy rating with ₹2,130 target
ICICI Securities recommends a buy rating for Tata Communication, citing strong Q2FY27 performance with significant growth in EBITDA and digital portfolio revenue.
ICICI Securities maintains ₹4,500 target for CEAT, citing price hikes
ICICI Securities maintains a bullish stance on CEAT, recommending a buy with a target price of Rs 4,500, citing strong market share gains and effective price hikes.
Reliance Industries advances October pay to fund Jio IPO investments
Mukesh Ambani is leveraging Reliance Industries' 420,000 employees to generate interest in Jio Platforms' $3.2 billion IPO, offering early salaries and share allocations to staff.
Federal Bank posts record 1,386.09cr profit, bad loans decade low
Federal Bank reported a record quarterly net profit of ₹1,386.09 crore for Q2 FY27, with gross and net non-performing asset ratios at their lowest levels in a decade.
RBI grants no objection certificate to REC for PFC merger
The Reserve Bank of India has issued a No Objection Certificate for the merger of state-run REC into PFC, creating a financing entity with a loan book over ₹11 lakh crore.
Why Anthropic is being asked to postpone its planned IPO
New York City Comptroller Mark D. Levine has urged Anthropic, an artificial intelligence (AI) lab, to postpone its upcoming US initial public offering (IPO).
Persistent Systems to raise ₹8,000cr bonds for Nagarro stake purchase
Persistent Systems plans to raise up to ₹8,000 crore through rupee-denominated bonds with maturities up to five years, aiming to refinance a bridge loan for acquiring Nagarro.
Indonesia's main stock index crashes 11.4% after MSCI downgrade suggestion
Indonesia's benchmark stock index plunged 11.4% on Friday, marking its worst single-day decline since January 1998, amid fears of losing emerging market status.
India's 1st half trade deficit $177.64bn, imports hit $437.53bn
India's trade deficit with China and Russia reached $113 billion in the first half of the fiscal year, comprising nearly 64% of its total merchandise deficit.
HDFC Bank shares rise to ₹727.90 ahead of Q2 results
HDFC Bank shares edged up 0.14% to ₹727.90 on Friday, with sell orders comprising 77.11% of the traded volume ahead of its Q2FY27 results announcement.
Jio Platforms set to debut October 21 IPO seeking ₹30,213cr
India's IPO landscape has seen significant shifts, with major listings like Paytm, LIC, and Hyundai Motor India reshaping the league table in recent years.
Indian Bank noninterest income jumps 50% on ₹1,388cr NSE sale
Indian Bank reported a significant Rs 1,388 crore gain from the sale of its NSE shares, boosting its second-quarter non-interest income by 50% to Rs 3,953 crore.
India's September gold imports fall 81.27% amid West Asia crisis
India's gold imports plummeted by 81.27% in September, while silver imports fell 49.11%, amid increased import duties and the West Asia crisis impacting demand.
Schneider Electric lifts 2026 adjusted EBITDA target to 18%-21%
Schneider Electric raised its annual targets for the second time this year, driven by robust data-center demand that propelled third-quarter sales to record highs.
Motilal Oswal recommends CEAT with ₹3,734 target after Q2 beat
Motilal Oswal recommends a buy rating on CEAT with a target price of Rs 3,734, citing improved earnings and margin expansion due to strategic price hikes and cost reductions.
India and Canada sign business deals, target CEPA by 2026
India and Canada have signed commercial agreements to enhance economic cooperation, aiming to finalize a Comprehensive Economic Partnership Agreement by 2026.
Chicago Fed's Austan Goolsbee: US inflation complicates Fed balancing act
Federal Reserve Bank of Chicago President Austan Goolsbee finds recent US inflation data discouraging, citing concerns over persistent price pressures and demand-driven factors.
SEBI reverts to 30-minute VWAP settlement for derivatives December 7
India's markets regulator, SEBI, reinstated the volume-weighted average pricing method for settling derivatives on expiry days to address concerns over sharp price swings.
Popees Baby Care Products reports ₹161.93cr revenue, eyes pan-India expansion
Kerala-based Popees Baby Care Products Ltd plans nationwide expansion, driven by a 20% revenue increase to ₹161.93 crore in FY26 and robust manufacturing capabilities.
Taiwan criminalizes unauthorized AI chip and server exports to China
Taiwan plans to criminalize unauthorized AI chip exports to China, aligning with US trade restrictions and enhancing measures against semiconductor smuggling.
Aneel Bhusri warns AI could hit overseas outsourced jobs hard
Workday CEO Aneel Bhusri expressed concerns that low-cost jobs, particularly outsourced ones, are at risk of being replaced by AI due to productivity advancements.
Motilal Oswal keeps buy call on Persistent Systems at ₹6,700
Motilal Oswal has issued a buy rating for Persistent Systems, setting a target price of Rs 6,700, following strong revenue growth and positive future earnings projections.
Motilal Oswal maintains 'buy' on Tech Mahindra at ₹1,950 target
Motilal Oswal has issued a buy rating for Tech Mahindra, setting a target price of Rs 1,950, citing strong quarterly performance and growth prospects.
Bitcoin near ₹77.7L as whales buy, US Treasury yields ease
Bitcoin's price recovery is supported by easing Treasury yields and record whale wallet accumulation, despite ongoing inflation concerns and cautious institutional sentiment.
Motilal Oswal recommends Indian Bank as buy, sets ₹1,025 target
Motilal Oswal has issued a buy recommendation for Indian Bank, setting a target price of Rs 1,025, following strong financial performance and strategic provisioning.
Amit Khatri's Luna AI health startup inspired by his struggles
Amit Khatri, co-founder of Noise, shares his past health struggles while launching Luna, a new AI-driven wearable startup focused on personalized health insights.
India leads Coursera generative AI signups at 12 per minute
Coursera is experiencing a significant increase in Indian enrolments for its AI courses, with sign-ups reaching 12 per minute, according to global enterprise head Anthony Salcito.
Deloitte India expects 7.1-7.3% GDP growth in 2026-27, flags risks
Deloitte India forecasts a 7.1-7.3% GDP growth for India in FY27, driven by a revival in private investment despite risks from geopolitical tensions and energy price volatility.
Apple, NVIDIA donated $25M each to Trump's White House ballroom
A recent report by The Washington Post has unveiled the major contributors to President Donald Trump's White House ballroom project.
GoDaddy Airo is an AI platform for Indian SMBs
GoDaddy is transforming the digital landscape for Indian SMBs by integrating AI tools, making online business setup more accessible and efficient.
Gold nudges higher as dollar weakens with spot at $4,177.82
Gold prices rose slightly as the dollar weakened, yet the metal remains poised for a small weekly loss amid ongoing interest rate concerns from the Federal Reserve.
Tech Mahindra jumps over 7% to ₹1,770, tops Nifty 50
Tech Mahindra shares jumped over 7% as the company reported better-than-expected Q2 earnings, with HSBC maintaining a Buy rating and predicting further upside.
Yes Bank hit ₹5,300-5,400cr after Supreme Court reverses AT-1 write-off
Yes Bank could face a one-time earnings hit of ₹5,300 crore to ₹5,400 crore after the Supreme Court overturned the write-off of its ₹8,415 crore Additional Tier-1 bonds.
Hedge funds suffer as AI bets unravel amid rate fears
Global hedge funds faced significant losses as AI-related trades unwound, with Asia-focused stock pickers experiencing the steepest declines, losing 6.8% in early October.
Motilal Oswal recommends IIFL Finance buy as NII jumps 50%
Motilal Oswal recommends a buy on IIFL Finance with a target price of Rs 760, citing strong financial performance and growth prospects for FY27 and beyond.
Wipro stock jumps nearly 4% after Q2 ₹24,753 cr revenue
Wipro shares surged nearly 4% as second-quarter revenue exceeded estimates, overshadowing concerns about weak deal bookings and a subdued near-term outlook.
Accenture limits most employees to $29 monthly for Anthropic's Claude
Accenture has imposed a $29 monthly cap on Claude AI usage per employee, with some previously spending over $1,000 monthly.
HD Fire Protect IPO allotment expected today after 131.70x oversubscription
HD Fire Protect's IPO allotment is expected today after a 131.70 times subscription, with a grey market premium of 30%. Here's how investors can check their allotment status.
Comptroller Mark Levine urges Anthropic to delay IPO over safety
New York City's pension fund supervisor urged Anthropic to postpone its stock market debut, citing concerns over AI technology risks and investor assessments.
Tech Mahindra up after 15% EBIT margin, 25% order growth
Tech Mahindra shares rose over 4% after its second quarter results, making it the only largecap IT stock with positive year-to-date returns.
Kevin Warsh says AI likely most consequential change to economies
Federal Reserve Chair Kevin Warsh highlights AI as the most significant economic change in his lifetime, with uncertain near-term effects on employment.
Wipro upbeat on Q3 deal bookings as AI boosts opportunities
Wipro expects an improvement in deal bookings for Q3FY27, driven by a strong AI-led pipeline, according to CEO Srini Pallia.
Indian markets open higher Friday as Sensex jumped 1,533.72 Thursday
Indian shares opened higher on Friday, buoyed by falling US Treasury yields and a regulatory reversal, following their biggest single-day gains in four months on Thursday.
Nirmala Sitharaman urges India US BTA finish after Goyal confirmation
Finance Minister Nirmala Sitharaman urged for the early conclusion of the India-US Bilateral Trade Agreement, emphasizing its importance for global trade and bilateral relations.
Oil prices slip as US considers lifting shadow fleet sanctions
Oil prices dipped on Friday as the US considered lifting sanctions on certain Russian oil tankers, while Middle East tensions continued to support crude prices.
Mumbai restaurants likely to raise menu prices 10% to 15%
Mumbai restaurants are set to increase menu prices by 10% to 15% due to rising operating costs, including higher expenses for gas, food ingredients, and labor.
ABSL launches 1st retail FoFs at GIFT City IFSC
Aditya Birla Sun Life AMC has introduced two retail fund of funds schemes at GIFT City, targeting emerging market and Indian equities for both Indian and overseas investors.
Jio Platforms readies IPO pitching in-house 5G in select markets
Jio Platforms plans to leverage its proprietary technology stack in international markets, aiming for growth beyond India as it prepares for its initial public offering.
Wipro posts 0.6% YoY IT services growth, bookings down 22.9%
Wipro's revenue saw a slight year-on-year increase, while total bookings dropped to their lowest in nearly four years due to delayed deal signings.
Reliance responds to Elon Musk, welcomes Starlink under Indian laws
Reliance Industries responded to Elon Musk's criticism regarding Starlink's entry into India, emphasizing its commitment to fair competition and adherence to Indian laws.
Reliance Industries rebuts Elon Musk, welcomes Starlink competition in India
Reliance Industries stated it welcomes competition, emphasizing its growth in a competitive market, following Elon Musk's allegations against the Indian telecom landscape.
Indian family offices back homegrown AI startups for global expansion
India's family offices and wealthy investors are increasingly investing in homegrown AI startups, aiming to strengthen the country's position in the global AI landscape.
KOSPI plunges 14.3% this week amid fading AI investment optimism
South Korean shares are poised for their largest weekly drop since 2008, driven by concerns over the sustainability of the global AI investment boom.
SEBI changes closing auction rules after trader pushback
The Securities and Exchange Board of India (SEBI) has issued a final framework for the Closing Auction Session (CAS).
Oil slips as Trump administration weighs lifting shadow fleet sanctions
Brent crude fell to $105.51 as the Trump administration considers easing restrictions on shadow fleet vessels, amid ongoing Middle East tensions and potential supply disruptions.
Maruti Suzuki gets ₹13,000cr tax relief
Maruti Suzuki has received a major tax relief from the Income Tax Appellate Tribunal (ITAT).
Irdai exploring financing for life insurance premiums for non salaried
Irdai is exploring financing options for life insurance premiums to prevent premature policy surrenders, aiming to assist policyholders in retaining their policies until maturity.
Anthropic IPO valuation cut to $1.5 trillion after revenue slowdown
Investors are reconsidering Anthropic's IPO valuation, initially expected at $2 trillion, due to a slowdown in revenue growth despite a 45% increase in third-quarter earnings.
Gold prices slip as US inflation data raises Fed uncertainty
Gold prices slipped 0.4% to $4,152.99 per ounce in early Asian trading on Friday, following a more than 1% rise in the previous session amid Federal Reserve policy speculation.
Will Jio hike tariffs? Here's what Akash Ambani said
Akash Ambani, the Managing Director of Reliance Jio, has hinted that the telecom giant could increase mobile tariffs in the future.
Euro rebounds from 17-month low as US dollar slips
The euro has rebounded from a 17-month low as concerns over AI investments and falling US yields lead to the dollar's first weekly decline in five weeks.
Tonbo Imaging IPO ₹500 GMP suggests 71% listing gains
Tonbo Imaging India's IPO, fully subscribed on day one, shows a Grey Market Premium of ₹500 per share, suggesting a potential 71% listing premium over the issue price.
Rice to become Netflix chief content officer starting October 26
Netflix has named former Disney executive Peter Rice as its new chief content officer, succeeding Bela Bajaria, who is departing after nearly a decade with the company.
GIFT Nifty up 90 points to 23,078 ahead of open
GIFT Nifty traded higher by 90 points, indicating a firm start for Dalal Street on Friday, as local investor confidence remains buoyant amid strong domestic demand and tax revenue.
Asian markets rebound as semiconductors lift MSCI Asia Pacific 0.6%
Asian equities rose, led by South Korean chip stocks, as concerns over AI trade eased. The MSCI Asia Pacific Index gained 0.6%, tracking Wall Street's recovery.
HDFC Life profit rises 14% to ₹508cr, premiums 16% higher
HDFC Life Insurance reported a 14% increase in standalone net profit to ₹508 crore for the September quarter, driven by a rise in premium income and expanded product sales.
Centre revises windfall tax on petrol and diesel exports
The Indian government has revised the windfall tax on petrol and diesel exports.
Some former Flipkart executives ask Walmart to buy vested ESOPs
Former Flipkart executives have urged Walmart to separate their stock option liquidity from the company's upcoming IPO, renewing their request for a buyout of vested Esops.
Asian Paints, Berger Paints to hike prices as costs rise
India's leading paintmakers, including Asian Paints and Berger Paints, are set to raise prices for the second time this fiscal year as crude oil surpasses $100 a barrel.
Jio Platforms's ₹30,188cr IPO is India's biggest-ever, draws global investors
Jio Platforms' ₹30,188-crore IPO has garnered significant attention from global institutional investors, including sovereign wealth funds and leading asset managers.
Elon Musk's $75 million and $83 million contributions fuel SLF $272.9 million haul
Elon Musk contributed $158 million to the Senate Leadership Fund, helping it raise a record $272.9 million in the third quarter before the Nov. 3 midterm election.
Anthropic eyed for $1.5 trillion IPO, down from $2 trillion
Investors are reconsidering Anthropic's IPO valuation, suggesting a lower figure of around $1.5 trillion due to concerns over growth pace and AI system costs.
Dow jumps 550 points as NVIDIA CEO boosts investor confidence
The Dow Jones surged 550 points as dip buyers halted the AI sell-off, while the Nasdaq rebounded despite a hotter-than-expected September wholesale inflation report.
India's trade deficit narrows to $30.2bn as exports rise 23%
India's exports increased by 23% to $44.4 billion in September, reducing the goods trade deficit to $30.2 billion as imports rose by 8% to $74.6 billion.
US dollar slips from 18-month high on Fed hike doubts
The US dollar retreated from an 18-month peak due to cautious Federal Reserve remarks, cooling expectations for an October interest-rate hike and shifting market focus.
Jio Platforms IPO could make Reliance India's most valuable conglomerate
Reliance Industries is poised to surpass Tata Group as India's most valuable conglomerate, with Jio Platforms' listing expected to boost RIL's market cap significantly.
US dollar falls 0.3% as AI fears boost Treasuries demand
The dollar fell 0.3% Thursday, its biggest drop since early September, as AI-related concerns triggered a bond rally that lowered yields and pressured the currency.
RBI gives Fairfax 15 years to trim IDBI Bank stake
Fairfax Financial Holdings has been granted 15 years by the Reserve Bank of India to reduce its stake in IDBI Bank from 60.72% to 26%.
Fairfax cleared to take over IDBI Bank and digitize services
Prem Watsa believes that while current investments are focused on data centers and AI in the US, India will soon become a prime target for global investors.
Harvard endowment up 27.1% to nearly $68 billion from SpaceX
Harvard University's endowment surged 27.1% in fiscal 2026, driven by a $2.2 billion stake in SpaceX, marking its strongest return in five years despite federal challenges.
Indian smartphone makers step up amid rising memory chip costs
Rising memory chip prices have led global companies to reduce their presence in India's budget smartphone market, creating opportunities for local brands like Ai+ and Lava.
Persistent Systems posts September quarter revenue up 20% to $487.6 million
Persistent Systems reported a 20% year-on-year increase in revenue for the September quarter, reaching $487.6 million, with a sequential growth of 7.8%.
Flipkart FY26 revenue rises 18% to ₹1.46 trillion
Flipkart Group has reported an 18% increase in its revenue from operations for the fiscal year ending March 2026.
Jio plans to shift to 6G through software upgrades
Jio Platforms plans to transition to 6G through software upgrades, not a complete infrastructure overhaul.
Myntra goes from ₹549 crore profit to ₹579 crore loss
Myntra, the fashion e-commerce platform owned by Flipkart, has reported a net loss of ₹579 crore for the fiscal year 2026.
US-India trade deal: Piyush Goyal says 1st tranche finalized
The first phase of a trade agreement between India and the United States has been finalized, Commerce Minister Piyush Goyal announced on Thursday.
How Jio IPO will change stakes of Meta, Google
Jio Platforms, a subsidiary of Reliance Industries, is set to launch India's largest-ever public issue with an initial public offering (IPO) worth over ₹30,000 crore.
TSMC Q3 profit jumps 69% to record $23.6 billion
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, has reported a record third-quarter profit, beating estimates.
'Energy drink' ban could lead to nationwide stock-out: PepsiCo
PepsiCo has warned that a continued ban on the "energy drink" label could lead to a nationwide stock-out of its top-selling products, Sting and others, in two months.
Air India implements cost-saving measures amid $2B losses
Air India has formed a dedicated team to identify cost-saving opportunities across its operations, Reuters reported.
Bonfiglioli IPO opens with 30% GMP: Should you subscribe?
Bonfiglioli Transmissions, a leading player in the mechanical and electromechanical power transmission space, has opened its initial public offering (IPO) for subscription today.
Salary hikes in India to average 9% in FY27: Survey
India's salary growth is expected to remain strong at 9.1% in the fiscal year 2026-27, according to a survey by global professional services firm Aon.
Train passengers buying tickets at counters to get insurance cover
The Supreme Court of India has directed the Indian Railways to provide insurance coverage for counter tickets from October 27.
Tonbo Imaging IPO opens with 71% GMP: Apply or avoid?
Tonbo Imaging India, a leading defense technology company, has opened its Initial Public Offering (IPO) for subscription today.
Own RIL shares? You get separate quota in Jio IPO
Reliance Jio's upcoming initial public offering (IPO) will have a separate category for existing shareholders of its parent company, Reliance Industries Limited (RIL).
AI start-up developing cancer drugs raises $150M in US IPO
Iambic Therapeutics, a clinical-stage cancer drugmaker and tech firm, has raised $150 million in its US initial public offering (IPO).
Jio IPO GMP hits 20% ahead of October 21 launch
The gray market has reacted positively to Jio Platforms' announcement of its initial public offering (IPO) price band and issue size.
IDBI Bank shares fall 6% after nearly ₹53,000cr deal
IDBI Bank's shares plummeted by as much as 6.05% to ₹84.97 on Thursday, after the government approved the sale of a controlling stake in the lender to Canada's Fairfax Financial Holdings.
Apple reaches $5 trillion market cap, 2nd company after NVIDIA
Apple has become the second publicly traded company in history to achieve a market capitalization of over $5 trillion, after NVIDIA, which officially became the world's first $5 trillion company in October last year.
South Korea halts trading as KOSPI plunges 8%
South Korea's benchmark KOSPI index witnessed a massive fall of nearly 8% on Thursday, prompting an automatic trading halt.
OpenAI names former xAI executive head of infrastructure and compute
OpenAI has announced the appointment of Uday Ruddarraju, a former xAI executive, as the new head of its infrastructure and compute businesses.
Sensex surges over 800 points: What's behind today's rally?
India's benchmark indices, Sensex and Nifty, witnessed a significant surge on October 15. The upward trend was largely attributed to a spike in IT shares.
Anthropic Q3 revenue jumps 45% to nearly $17B
Anthropic, an artificial intelligence (AI) start-up founded by former OpenAI executives, has reported a 45% increase in its third-quarter revenue.
Jio Platforms IPO to open for subscription on October 21
Jio Platforms, the digital services giant, is gearing up for its much-anticipated initial public offering (IPO).
Why Netflix is cutting around 6% of its workforce
Netflix has announced a major round of layoffs, cutting around 1,000 jobs or nearly 6% of its global workforce.
Blackstone wants to double India investments to $100B by 2031
Blackstone, the global investment firm, plans to double its investments in India from the current $50 billion to a whopping $100 billion over the next five years.
Kumar Mangalam Birla plans investments up to $30B by 2029
Kumar Mangalam Birla, the Chairman of the Aditya Birla Group, has announced plans to invest up to $30 billion over the next two to three years.
JPMorgan reports rare profit miss
JPMorgan Chase, one of the leading global financial services firms, has reported its first quarterly profit miss in nearly three years.
Groww Q2 profit jumps 54% to ₹725 crore
Billionbrains Garage Ventures, the parent company of stock broking platform Groww, has reported a whopping 54% rise in its consolidated net profit for the September quarter of FY27.
Canada's Fairfax buys majority stake in IDBI Bank
Canada's Fairfax Financial Holdings is acquiring a controlling stake in IDBI Bank.
Indian rupee hits 1-month high as RBI steps support currency
The Indian rupee has hit its highest level in over a month, thanks to a series of measures taken by the Reserve Bank of India (RBI) and comments from RBI Governor Sanjay Malhotra.
Hyundai shares jump on $15.5B India investment
Hyundai Motor India's shares witnessed a surge of over 2% in early trade on Wednesday.