Business News
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Apple faces lawsuit over alleged AI hype
Apple has urged a federal judge to dismiss a class action alleging it defrauded shareholders over Siri's AI capabilities and app sales commissions.
Pet care startup Supertails raises $30 million in Series C
Bengaluru-based pet care startup, Supertails, lost its entire inventory in a fire at its warehouse, just days after securing $30 million in funding.
Paramount wins Warner Bros. Discovery after Netflix exits bidding war
The highly contested bidding war for Warner Bros. Discovery has come to an end, with David Ellison-owned Paramount emerging as the victor.
CBI raids Anil Ambani's residence in bank fraud case
The Central Bureau of Investigation (CBI) has searched the office and residence of Reliance Group chairman Anil Ambani. The action was taken in connection with a case involving Reliance Communications Ltd (RCOM).
World's largest bank prepares for major AI-driven workforce reset
JPMorgan Chase, the world's largest bank by market capitalization, is gearing up for a major shift in its workforce due to artificial intelligence (AI).
'Scary, dangerous' burnout: OpenAI employee quits, raises alarm
Hieu Pham, a technical staff member at OpenAI and former employee of xAI, has announced his resignation from the company.
Chinese boss lays out ₹240cr, employees keep what they count
In an unusual and generous gesture, a Chinese company has turned its annual celebration into a cash giveaway event.
PhysicsWallah declines 45 % from highs, trades below IPO level
Shares of edtech platform PhysicsWallah have experienced a decline, trading 3% lower today to ₹88.9. The decline comes after a fall in three of the last four sessions.
SC classifies Rooh Afza as fruit drink, gives tax relief
In a major relief for Hamdard Laboratories, the Supreme Court of India has ruled that Sharbat Rooh Afza cannot be classified under a higher tax slab just because it is marketed as a sharbat.
Xiaomi doubles down on chips, AI, and software
Xiaomi is doubling down on its five-year plan to develop core technologies like chips, artificial intelligence (AI), and operating systems.
Apple Pay likely to launch in India by mid-2026
Apple is gearing up to launch its payment service, Apple Pay, in India.
IT stocks extend rebound for second day: Time to buy?
Indian IT stocks have witnessed a rally for the second consecutive day, with industry giants Infosys and Tata Consultancy Services (TCS) witnessing gains of 2-3%.
eBay reportedly laying off nearly 800 employees
eBay is laying off nearly 800 employees in a fresh round of job cuts, according to thelayoff.com.
Anil Ambani appears before ED in money laundering case
Anil Ambani, the chairman of Reliance Group, has appeared before the Enforcement Directorate (ED) in Delhi. The questioning session is related to a money laundering case.
Trump asks tech firms to generate their own electricity
President Donald Trump is urging major tech companies, including Amazon, Google, Meta, Microsoft, xAI, Oracle, and OpenAI.
US cybersecurity agency weakened by budget cuts, layoffs under Trump
The US Cybersecurity and Infrastructure Security Agency (CISA) is facing a major crisis, according to bipartisan lawmakers and industry leaders.
NVIDIA's quarterly earnings defy AI bubble fears
NVIDIA, the world's most valuable publicly-traded company, has reported a record annual revenue of $215.9 billion.
Gold may surge to $6,300 by year-end: JP Morgan
JP Morgan has revised its long-term gold price forecast, now predicting a value of $4,500 per ounce and potentially as high as $6,300 by the end of 2026.
Anthropic acquires AI start-up Vercept to enhance agentic capabilities
Anthropic has acquired Vercept, an artificial intelligence (AI) start-up with strong ties to Seattle's tech industry.
Valve sued over alleged illegal gambling in Counter-Strike 2
New York Attorney General Letitia James has sued game developer Valve, alleging that the company illegally promotes gambling through its loot box systems.
Healthcare stocks: What they are exactly
Investing in Indian healthcare stocks can be rewarding, given the sector's growth potential.
PPF v/s FD: Which is better for NRIs?
For non-resident Indians looking to invest in India, Public Provident Fund (PPF) and Fixed Deposits (FDs) are two of the most popular options.
What are some overlooked loan options?
In India, financial literacy has improved, but many still overlook niche loan options.
What are gold-backed loans?
Gold-backed loans are a popular financing option in India, allowing individuals to leverage their gold assets.
ED attaches Anil Ambani's Mumbai residence worth ₹3,716cr
The Enforcement Directorate (ED) has attached Reliance Group chairman Anil Ambani's 17-story Mumbai residence 'Abode' worth ₹3,716.83 crore, PTI reported.
Vedanta raising ₹3,000cr via bonds before March-end
Vedanta, the diversified mining giant owned by Anil Agarwal, is gearing up to raise ₹3,000 crore through a bond issue before the end of March.
Xiaomi moves Supreme Court against $72M tax demand in India
Xiaomi, a leading player in India's smartphone market, has challenged an Indian tax tribunal's ruling that accused the company of evading $72 million in tariffs on royalty payments.
ELSS v/s ULIP: Which is better for your portfolio?
Equity Linked Savings Schemes (ELSS) and Unit Linked Insurance Plans (ULIPs) are two popular investment options in India.
NSE now lets Indians directly trade in US stocks
The NSE International Exchange (NSE IX) has launched a new platform, Global Access, enabling Indian investors to directly trade in US-listed stocks such as Apple and Microsoft.
Meet Arjun Gupta, OpenAI's new 'Solutions Architect' in India
OpenAI has appointed Arjun Gupta, the Co-Founder and ex-CTO of AuraML, as its first-ever Solutions Architect in India.
Aston Martin to lay off 20% of its employees
Luxury carmaker Aston Martin has announced a major downsizing plan, with plans to cut 20% of its workforce.
Why Apple has acquired this 1-person AI start-up
Apple has acquired the assets of Invrs.io, a one-person artificial intelligence (AI) start-up specializing in photonics research.
L'Oreal, Dyson, others sue US government for Trump tariff refunds
French beauty giant L'Oreal, British vacuum manufacturer Dyson, and contact lens maker Bausch + Lomb have sued the US government for refunds of tariffs paid under President Donald Trump's emergency trade measures.
Paramount's revised offer might be better than Netflix: Warner Bros
Warner Bros. Discovery (WBD) has revealed that its board is considering a new proposal from Paramount Skydance (PSKY).
Why JPMorgan CEO thinks a 2008-like economic crisis is imminent
JPMorgan Chase CEO Jamie Dimon has warned of potential market risks reminiscent of the pre-2008 financial crisis, drawing parallels with that period.
This AI chip rival of NVIDIA has raised $500M
MatX, a semiconductor start-up founded by two ex-Google hardware engineers, has raised $500 million in its Series B funding round.
Self-driving start-up Wayve secures $1.2B from NVIDIA, Microsoft, others
Wayve, a leading player in the autonomous driving space, has raised $1.2 billion in its latest funding round.
Why Tata Sons has delayed N Chandrasekaran's reappointment
Tata Sons executive chairman N Chandrasekaran has sought a deferment of the discussion on his third-term reappointment.
Sensex gains nearly 600 points: What's behind today's rally?
The Indian stock market opened on a positive note today, with the Sensex and Nifty indices witnessing significant gains.
Gold reclaims $5,200, silver nears $90 on safe-haven demand
Gold and silver prices have seen a significant spike during Asian trading hours on Wednesday.
Solar stocks crash 14% as Trump tariffs hit Indian exports
Shares of Indian solar and renewable energy companies have taken a major hit in early trade today. The fall comes after the US imposed heavy countervailing duties on solar imports from India.
Trump imposes steep 126% tariff on solar panels from India
The Donald Trump administration has imposed preliminary tariffs of 126% on solar imports from India.
US judge dismisses Musk's trade secrets case against OpenAI
A US judge has dismissed a lawsuit from Elon Musk's artificial intelligence company, xAI, against rival firm OpenAI.
Who is Arvind KC, OpenAI's new Chief People Officer
OpenAI, the company behind the popular AI model ChatGPT, has hired Arvind KC as its new Chief People Officer.
Before taking an education loan, read this
Navigating the world of education loans in India can be daunting for many students and their families.
What is index fund investing?
Index fund investing is a popular choice for those looking to build long-term wealth without the hassle of active management.
Aditya Birla-backed Bewakoof sees founder exit after 14 years
Prabhkiran Singh, the founder of popular fashion brand Bewakoof, has announced his decision to step down from the company. He will continue in his role till the end of March 2026.
Deepinder Goyal's LAT Aerospace buys robotics start-up Sharang Shakti
Deepinder Goyal's aviation venture LAT Aerospace has acquired Gurugram-based defense robotics start-up Sharang Shakti.
AI fears batter IT stocks, Nifty IT down 21% monthly
The Nifty IT index has plunged over 5% today, marking the fifth consecutive session of decline.
Livspace CBO quits amid 1,000+ layoffs, co-founder exit
Lalit Mittal, the Chief Business Officer (CBO) of Livspace, has resigned from his position.
'Doomsday' report rattles global markets, predicts economic collapse
The global economy has had a rollercoaster ride this year, and a new 'doomsday' report is only adding to the turmoil.
Paytm launches silver savings, allows investments starting at ₹20
Paytm has launched a new feature called 'Paytm Silver,' allowing users to invest in silver through its app. The company hopes this will make asset-based savings more accessible.
FedEx sues US government, seeks refund for illegal Trump tariffs
FedEx has sued the US government, seeking a "full refund" for tariffs imposed by President Donald Trump.
IBM shares tank 13% as Anthropic's AI threatens legacy systems
International Business Machines (IBM) saw its shares tank by nearly 13.2% to $223.35 per share on Monday.
Gilt funds: What they are actually
Gilt funds are a popular investment option for those looking to invest in government securities.
Sensex slips over 500 points, investors lose ₹3 trillion
The Indian stock market opened on a bearish note today, with the Nifty 50 and Sensex witnessing a major slump.
Paramount raises bid for Warner Bros Discovery to counter Netflix
Paramount Skydance has upped its offer for Warner Bros Discovery in a strategic move to thwart the latter's deal with Netflix.
Trump weighs new tariffs on batteries, chemicals, telecom gear
US President Donald Trump is considering a fresh round of national security tariffs on some six sectors.
Anthropic opens $6B employee share sale at $350B valuation
Anthropic has announced a secondary share sale for its current and former employees.
MobiKwik gets BSE approval to start stock broking business
Fintech giant MobiKwik has announced that its wholly-owned subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), has received approval from the Bombay Stock Exchange(BSE) to start a stock broking business.
Have an inoperative account? EPFO will refund your money
In a major development, the Ministry of Labour and Employment has approved a pilot project to automatically refund money from small-balance inoperative Employees' Provident Fund Organisation (EPFO) accounts.