Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
T-Mobile to lay off 393 Washington employees, touching senior roles
T-Mobile, the US's largest telecom company, has confirmed cutting 393 jobs, including over 200 leadership roles, as part of its latest restructuring effort.
Boeing to start deliveries of upgraded 787s in H1 2026
Boeing has announced plans to start delivering its upgraded 787-9 and 787-10 Dreamliners in the first half of this year.
Y Combinator to fund start-ups in stablecoins
Y Combinator (YC), the renowned start-up accelerator, is letting its portfolio companies receive seed funding in stablecoins.
Indian Motorcycle gets new CEO as brand becomes independent
Carolwood LP has finalized its acquisition of Indian Motorcycle from Polaris, marking the brand's transition to an independent entity.
UP budget 2026: CM Yogi Adityanath aims for $1tn economy
The Yogi Adityanath government is intensifying efforts to achieve Uttar Pradesh's ambitious one trillion dollar economy goal as the budget session approaches.
Vedanta chairman Anil Agarwal reaffirms commitment to donate $4.9 billion
Vedanta Group's Anil Agarwal has pledged to donate 75% of his estimated $4.9 billion wealth to social causes, stepping down from his promoter role to serve as a trustee.
Nintendo shares drop 10% as Switch 2 sales slow
Nintendo's shares fell by 10% as investors expressed concerns over the momentum of its flagship gaming device, Switch 2, despite robust year-end sales.
India's services and manufacturing activity accelerates in January
India's services sector activity witnessed an uptick in January, with the Purchasing Managers' Index (PMI) climbing to 58.5 from December's 58.
US security review halts NVIDIA AI chip sales to China
NVIDIA's H200 artificial intelligence (AI) chip sales to China are still on hold, nearly two months after the US Commerce Department eased export curbs.
India's services sector picks up in January: PMI
India's services Purchasing Managers' Index (PMI) rose to 58.5 in January, indicating a slight recovery, while job growth remained nearly flat.
Anthropic's Claude Cowork now supports plugins for custom AI workflows
Anthropic's new AI plugin, Claude Cowork, threatens to disrupt the business model of major Indian IT companies like TCS, Infosys and Wipro.
Pinterest fires employees for tracking who got laid off
Pinterest has fired two engineers who improperly accessed confidential data to track employees affected by the company's recent layoffs.
Anthropic plans $350B tender offer and $20B funding round
Anthropic, one of the world's most valuable artificial intelligence (AI) companies, is said to be working on a tender offer that would allow certain employees to sell their shares.
Asian markets mixed as US tech stocks wobble
Asian equities showed mixed results following Wall Street's fall, with Japan's Nikkei losing over 500 points while South Korea's Kospi gained 1%.
OpenAI accuses xAI of destroying evidence in antitrust lawsuit
OpenAI alleges that Elon Musk's xAI deleted internal communications, potentially obstructing access to key evidence in an ongoing antitrust lawsuit.
Ford and Geely discuss sharing factory space and tech
Ford and China's Geely are reportedly in advanced discussions about a potential partnership to share technology and manufacturing costs.
Services sector picks up pace again
India's services sector activity showed a strong start to 2026, with the Purchasing Managers’ Index (PMI) rebounding to 58.5 in January.
Anthropic AI fuels 'SaaSocalypse' worries, Indian IT stocks crash 6%
Shares of leading Indian IT companies such as Infosys, Tata Consultancy Services (TCS), and Wipro have witnessed a sharp decline of up to 6%.
Google search antitrust saga continues with new US appeal
The US government and a majority of states have appealed a landmark antitrust ruling against Alphabet's Google.
MSafe Equipments lists at 17% premium on BSE SME
MSafe Equipments shares made a strong debut on BSE SME, listing at a premium of 17% over the IPO upper price of ₹123. The initial allottees gained significantly from this listing.
India reduces gold, silver import prices: What they are now
India's government has lowered the import prices of gold and silver, easing the customs duty burden amidst record global prices.
SME IPO: Ayurvedic nutraceuticals player Accretion Nutraveda jumps 48%
Accretion Nutraveda, an Ayurvedic and nutraceutical company, debuted on the BSE SME platform with a 48% surge from its IPO price, listing at ₹191.
NVIDIA nearing $20B investment in OpenAI
NVIDIA is close to finalizing a $20 billion investment in OpenAI, according to Reuters.
IT stocks drag Sensex, Nifty lower as Infosys, TCS slump
India's stock market opened on a weak note today, with both the Sensex and Nifty struggling for direction.
Indian rupee slips 22 paise against US dollar
The Indian Rupee slipped 22 paise to 90.54 against the US dollar on Wednesday, following a strong rally in the previous session.
Disney names theme park head Josh D'Amaro as new CEO
Disney, PayPal, and HP have selected new CEOs following a record number of executive departures in 2025. This comes amidst a high attrition rate among top executives globally.
HAL's stock drops 6% as it exits AMCA program
Hindustan Aeronautics Ltd. (HAL) shares fell over 6% after reports indicated the company is no longer developing India's fifth-generation stealth fighter jet.
Rupee slips to 90.43 against US dollar
The Indian rupee retreated from a seven-year high, influenced by increased dollar demand following the US-India trade agreement and foreign portfolio investors turning net buyers.
Walmart hits $1 trillion market cap for first time
Walmart has become the first retailer to hit a market cap of $1 trillion.
Sensex, Nifty bounce back after initial dip
Indian equity benchmarks Nifty and Sensex opened lower on Wednesday due to a significant sell-off in IT stocks, following a major tech rout in the US.
Budget blues: Sensex, Nifty50 open lower
Nifty50 and BSE Sensex, India's equity benchmarks, opened lower today following a strong rally spurred by the India-US trade deal announcement.
NVIDIA's H200 chips stuck in US-China trade war
Nvidia's H200 AI chip sales to China are stalled due to a pending US national security review, despite President Trump's approval of exports.
India, US agree to cut tariffs on imports
The recent India-US trade deal, reducing tariffs on Indian imports to 18%, is expected to fully implement the China+1 strategy, according to Finance Minister Nirmala Sitharaman.
Grover Jewells IPO: Price band ₹83-88, minimum investment ₹1.4L
Grover Jewells' IPO, aimed at raising Rs 33.83 crore, opened for subscription with a flat response in the grey market. The price band is set at Rs 83 to Rs 88 per share.
Brandman Retail IPO live: Minimum investment will set you back
Brandman Retail's IPO opens for subscription today, attracting early attention with a 5% grey market premium and a price band of Rs 167–176 per share.
Aye Finance sets IPO price band at ₹122-₹129
Elevation Capital and Alphabet-backed NBFC, Aye Finance, has established a price band for its ₹1,010 crore initial public offering (IPO) set to open on February 9.
Bitcoin hits 15-month low as geopolitical tensions rattle market
Rising US-Iran tensions triggered a Bitcoin-led crypto market crash, erasing nearly $500 billion in a week and casting doubt on Bitcoin's 'digital gold' status.
US government, states appeal against Google's partial win in court
The U.S. government and several states are appealing a 2024 ruling in a significant antitrust case against Google, according to recent court documents.
Invest in gold/silver ETFs with this new fund offer
DSP Mutual Fund has unveiled the DSP Multi Asset Omni Fund of Funds, a versatile investment scheme that dynamically allocates across equity, debt and commodities.
Gold surges to $5,044 per ounce: What's behind the jump
Gold prices rose over 2% on Wednesday, continuing their best performance since 2008, supported by a softer dollar and bargain hunting.
Gold prices remain above $5,000 mark
Gold prices surge past $5,000 per ounce while silver rates climb above $86, with market analysts questioning the sustainability of this rally.
Brent crude hits $70 a barrel on US-Iran tensions
Oil prices rose for a second day due to escalating US-Iran tensions and a significant decrease in US crude inventories. Geopolitical concerns continue to influence the oil market.
Tiger Analytics is eyeing a $1B IPO
Tiger Analytics, an AI and advanced analytics solutions company, is preparing for a public market listing as it approaches $1 billion in revenue.
White House economic adviser Stephen Miran resigns
Stephen Miran, a Federal Reserve governor, has resigned from his position as chair of the White House's Council of Economic Advisers.
Bihar budget 2026-27: Rural development gets ₹23,700cr boost
The government has earmarked ₹23,701 crore for rural development, aiming to boost the rural economy and increase individual income.
UK AI infrastructure startup Nscale to go public in 2026
Nvidia CEO, Jensen Huang, confirms plans to invest in OpenAI's next fundraising round and potential IPO, despite reported dissatisfaction with Nvidia's AI chips.
NMDC's profit dips, but revenue hits new high: What's cooking
NMDC, India's largest iron ore producer, experienced an 8% drop in Q3 net profit to ₹1,747 crore, despite a 16% rise in revenue.
Saks Global files for bankruptcy, closing all but 12 stores
Saks Global has declared the closure of 57 Saks OFF Fifth stores, following its recent filing for Chapter 11 bankruptcy protection.
US drops tariffs on Indian goods following Modi-Trump call
The US has significantly cut tariffs on Indian goods, promising a substantial increase in India's medical device exports and enhancing competitiveness against Chinese suppliers.
India launches its own shipping line to reduce reliance on imports
The Indian government has announced an agreement to establish the Bharat Container Shipping Line (BCSL), aimed at creating an integrated container ecosystem in the country.
X's Paris office raided over Grok's deepfake images
French authorities have raided the offices of X, a social media site owned by Elon Musk's AI company xAI, recently acquired by SpaceX, amid ongoing criminal investigations.
YES Bank gets RBI nod to appoint new MD, CEO
The Reserve Bank of India (RBI) has approved SBI MD Vinay Tonse as the new Managing Director and CEO of YES Bank for a three-year term.
Meet Josh D'Amaro, the new CEO of Walt Disney Company
Walt Disney Company has appointed its theme parks chief, Josh D'Amaro, as the new Chief Executive Officer (CEO).
Bajaj Finance's Q3 profit declines 5.6% YoY to ₹4,066cr
Bajaj Finance has reported a 5.6% year-on-year decline in its consolidated net profit for the third quarter (Q3) at ₹4,066 crore.
Adani Enterprises Q3 results: Net profit up 97x to ₹5,627cr
Adani Enterprises has reported a whopping 97-fold jump in its consolidated net profit for the December quarter.
Why X's French office is being searched by Paris prosecutor
The Paris prosecutor's office has launched a search at the French office of Elon Musk's social media platform, X.
Why hiring employees has become tougher in India
A recent LinkedIn study has found that 74% of Indian recruiters are having a tough time finding qualified candidates currently.
Will India-US trade deal draw FPIs back to Indian markets?
The recent India-US trade deal is expected to have a positive impact on the Indian equity market, according to Antique Stock Broking.
Adani Group to manufacture helicopters in India
Adani Group and Italian aerospace giant Leonardo have announced a strategic partnership to create a comprehensive helicopter manufacturing ecosystem in India.
Will India-US trade deal revive stalled IPO market momentum?
The recent India-US trade deal has sparked hopes of a revival in the Initial Public Offering (IPO) market.
How lower US tariffs could boost India's electronics exports
The United States has announced a major reduction in tariffs on Indian goods, a move that could have far-reaching implications for the global electronics and semiconductor industry.
Adani Ports Q3 results: Net profit rises 21% to ₹3,043cr
Adani Ports and Special Economic Zone (APSEZ) has announced a consolidated net profit of ₹3,043 crore for the third quarter of FY26.
Agricultural goods, dairy might be excluded from India-US trade deal
India is likely to maintain its long-standing position of excluding sensitive agricultural goods and dairy items from the proposed trade deal with the United States.
How India-US trade deal will impact our e-commerce firms
Indian e-commerce start-ups are waiting for more details on India-US trade deal and its implications for their sector.
Why India-US trade deal is a gamechanger for American farmers
The recently announced India-US trade deal is expected to help American farmers and rural America, US Agriculture Secretary Brooke Rollins has said.
Will trade deal with US bring back FIIs to India?
The recent India-US trade deal has been welcomed by the Indian stock market, with investors seeing it as a potential driver for foreign investor inflows.
India-US trade deal: Which sectors will benefit
India and the United States have signed a new trade deal, reducing US tariffs on Indian goods to 18%.
JioBlackRock launches personalised investment advice platform: How to use it
Jio BlackRock Investment Advisers, a 50:50 joint venture between Jio Financial Services Limited and BlackRock Inc., has launched a new digital platform.
Reliance shares jump 7% on US-India trade deal, Sikhya acquisition
Reliance Industries Limited (RIL) witnessed a massive surge in its share price today, gaining as much as 7% in intraday trading.
Air India inspects Boeing 787's fuel switches after mid-air scare
Air India has started inspecting the fuel control switches on its entire fleet of Boeing 787 Dreamliner aircraft.
Ola Electric to lay off 5% workforce amid sales decline
Ola Electric has announced plans to lay off nearly 5% of its workforce.
No India-Pak match leaves JioStar facing big ad revenue loss
JioStar, the official media rights partner for the International Cricket Council (ICC), could see a 15-20% dip in its total tournament advertising revenue.
Epstein helped ex-Windows head meet Apple CEO Tim Cook
Emails released by the United States Department of Justice have revealed that former Windows head Steven Sinofsky sought Jeffrey Epstein's help in securing his $14 million retirement package in November 2012.
Forbes 30 Under 30-alum charged with defrauding investors, identity theft
Gokce Guven, a Turkish national and the founder of fintech start-up Kalder, has been charged with securities fraud, wire fraud, visa fraud, as well as aggravated identity theft.
India clears tax hurdles for Apple to expand iPhone production
Apple has received a major boost from the Indian government, just as it is looking to expand its manufacturing capabilities in the country.
Gold, silver prices bounce back after historic crash
Gold and silver prices have staged a strong comeback after a historic sell-off.
Sensex surges 4,200 points as India-US trade deal boosts markets
India's equity benchmark indices, Sensex and Nifty, witnessed a massive surge on Tuesday morning. The rally was triggered by the announcement of a historic trade deal between the US and India.
Musk merges SpaceX and xAI, creating $1.25 trillion entity
Elon Musk's space exploration company, SpaceX, has acquired his artificial intelligence (AI) start-up, xAI.
Waymo raises $16B to expand robotaxi service internationally
Waymo, the self-driving car company owned by Alphabet, has raised a whopping $16 billion in funding.
India-US trade deal finalized; tariffs cut from 25% to 18%
US President Donald Trump has announced a major trade deal with India, following a phone conversation with Prime Minister Narendra Modi.
You can soon use Alipay+ for UPI payments abroad
The Indian government and the Reserve Bank of India (RBI) are in talks with Ant International to link Alipay+ with India's instant payments system.
Will the STT hike actually be beneficial?
Rajesh Baheti, Managing Director of Crosseas Capital Services, has criticized the recent increase in Securities Transaction Tax (STT) on futures and options.
Robert Kiyosaki wants you to buy more gold, silver, Bitcoin
Renowned author and financial educator Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has shared his perspective on the recent market downturn.
Temasek, LIC likely to sell stakes in NSE's $2.5B IPO
Temasek Holdings and Life Insurance Corporation of India (LIC) are likely to be major sellers in the upcoming $2.5 billion initial public offering (IPO) of India's leading stock exchange, the National Stock Exchange (NSE).
UAE firm buys 49% of Trump's crypto venture for $500M
An investment firm linked to the United Arab Emirates (UAE) has acquired a nearly 50% stake in World Liberty Financial, a cryptocurrency venture co-founded by Donald Trump's family.
Starbucks now plans to draw customers using AI and robotics
Starbucks is investing heavily in artificial intelligence (AI) and robotics technology to improve its customer service.
Air India resumes Shanghai-Delhi flights after nearly 6 years
Air India has resumed its direct flight services between Shanghai and New Delhi, after a gap of nearly six years.
'Alchemist': Man extracts 191g gold worth $29,000 from SIM cards
A man in China's Guangdong province has gone viral for extracting gold from discarded SIM cards.
Bitcoin hits 10-month low as economic worries weigh on markets
Bitcoin, the world's largest cryptocurrency, has hit a 10-month low in Asia trading today.
These defense stocks should benefit from Budget 2026 announcements
Goldman Sachs has identified a number of defense stocks that could benefit from the Budget 2026 announcements.
Indian bond yields hit highest level in over a year
Indian bond yields have surged to their highest level in over a year, following the government's announcement of an unprecedented debt-sale plan.
Budget 2026: CBI allocated ₹1,100cr to tackle modern crimes
The Central Bureau of Investigatio (CBI) has been allocated ₹1,104.98 crore in the Union Budget for 2026-27.
India's manufacturing sector improves slightly in January
India's manufacturing sector saw a slight improvement in January, as per the HSBC India Manufacturing Purchasing Managers's Index (PMI), compiled by S&P Global.
Gold and silver ETFs have crashed: What should investors do?
Gold and silver exchange-traded funds (ETFs) have witnessed a sharp decline of up to 15% in 2 days in India.
Silver prices down 39% from record high: What's the reason?
The silver prices on the Multi Commodity Exchange (MCX) have witnessed a major crash, falling by over 39% from their record high of ₹4,20,000.
Oracle to raise $50B for cloud infrastructure expansion
Oracle has announced its plan to raise between $45 billion and $50 billion in 2026.
Market crash doesn't reflect Budget quality: PM's Economic Advisor
Sanjeev Sanyal, the Economic Advisor to Prime Minister Narendra Modi, has downplayed the recent stock market crash.
Oracle may cut 30,000 jobs to fund AI data centers
Oracle is reportedly planning to lay off up to 30,000 employees.
Fund allocation for food processing sector reduced in Budget 2026
Finance Minister Nirmala Sitharaman has presented the Union Budget 2026, her ninth consecutive central budget.
Gold, silver prices witness crash today: Here we decode why
Gold and silver prices have witnessed a major crash today, with MCX gold April futures plunging to an intraday low of ₹1,38,634 per 10g.
Union Budget 2026: Nirmala Sitharaman allocates ₹9,000cr for GECL facility
In the Union Budget 2026, Finance Minister Nirmala Sitharaman has allocated ₹9,000 crore under the Guaranteed Emergency Credit Line (GECL) facility.
India halves foreign aid to Bangladesh amid rising anti-Hindu violence
India has slashed its foreign aid to Bangladesh by 50%, reducing the allocation from ₹120 crore to ₹60 crore.
Budget 2026: ₹28,500cr capital infusion announced for BSNL
The Indian government has announced a massive capital infusion of ₹28,473 crore for state-owned Bharat Sanchar Nigam Limited (BSNL) in the Union Budget 2026-27.