Business News
No jargons, no mumbo-jumbo. Read the unadulterated Business news here.
IEA releases about 325 million barrels amid West Asia conflict
The International Energy Agency (IEA) has released 325 million barrels of oil, over 80% of the pledged amount, to address global energy supply disruptions.
Asia posts record Q3 share sales as AI drives fundraising
AI-driven capital influx propelled Asia-Pacific share sales to over $120 billion in Q3, marking the highest level for the period in six years.
Lockheed Martin plans India production tied to $10.5B, 60-plane bid
Lockheed Martin plans to enhance its production capabilities in India if it secures a $10.5 billion contract to supply 60 medium transport aircraft to the Indian armed forces.
Lockheed Martin bids $10.5B for 60 transport planes to India
Lockheed Martin proposes expanding its production capabilities in India, offering to manufacture 48 out of 60 medium transport aircraft locally in a $10.5 billion bid.
Sergey Brin spends over $100 million to block California Proposition 40
Google cofounder Sergey Brin has contributed over $100 million to oppose California's proposed billionaire tax, which could cost him approximately $13 billion if implemented.
President Trump defends Ohio's rapid data center buildout for AI
President Trump, at a rally in Ohio, warned that blocking data center projects could benefit China, urging support for Republican candidates to ensure continued tech development.
Splice CEO Srivastava warns AI harms conversation and music authenticity
Kakul Srivastava, CEO of Splice, believes AI-generated emails hinder genuine conversations by making it difficult to discern the human element behind written communication.
Supreme Court voids tariffs, Amazon getting $600 million and refunding shoppers
Amazon is issuing refunds to customers after receiving a $600 million tariff refund, targeting purchases where import charges were passed on during the 2025-2026 tariff period.
Anthropic's Claude Corps offers $85,000 for early-career US nonprofit work
Anthropic's Claude Corps program offers $85,000 and benefits to 1,000 early-career professionals to apply AI in nonprofits. Apply by July 17 for the October cohort.
IBM, Red Hat launch Project Lightwell $5B AI open-source security
IBM and Red Hat launch Project Lightwell, investing $5 billion and 20,000 engineers to enhance open-source software security using AI-powered tools.
Upwork reports 109% jump in 2025 AI skills demand
Demand for AI-related skills increased by over 100% in 2025, according to Upwork, as businesses seek professionals to integrate AI tools into existing workflows.
Treasury Secretary Scott Bessent echoes Trump, urges AI self regulation
US Treasury Secretary Scott Bessent criticized alarmist warnings about AI risks, urging the industry to self-regulate and develop effective solutions.
Jio Platforms IPO may launch on October 21
Jio Platforms, the digital arm of Reliance Industries, is gearing up for its much-anticipated initial public offering (IPO).
AI valuation correction may redirect more capital toward India: RBI
Sanjay Malhotra, the Reserve Bank of India (RBI) governor, has warned that a slowdown in the global artificial intelligence (AI) investment cycle could lead to sharp asset repricing and volatility in financial markets.
ICICI Life Insurance appoints new CEO
ICICI Life Insurance Company has announced the appointment of Sidharatha Mishra as its new Managing Director and Chief Executive Officer (CEO).
UPI transactions soar to 145B in H1 FY27
The National Payments Corporation of India (NPCI) has reported a massive jump in Unified Payments Interface (UPI) transactions.
OpenAI's head of safety systems resigns
David Robinson, the head of Safety Systems at OpenAI, has resigned from his position.
Jensen Huang becomes world's 7th-richest person as NVIDIA hits record-high
Jensen Huang, the co-founder and CEO of NVIDIA Corp. has seen his net worth surpass the $200 billion mark.
NVIDIA nears historic $6 trillion market valuation milestone
NVIDIA Corporation's shares reached an intraday high for the first time since May, before paring those gains and closing just shy of a record.
Paramount-Warner Bros. Discovery merger to create Skydance
Paramount and Warner Bros. Discovery will operate as Skydance after their merger is finalized, Paramount CEO David Ellison has announced.
Eurozone inflation jumps to 3-year high
Eurozone's inflation rate has hit a three-year high of 3.8% in September, sharply rising from August's 3.2%.
Boeing averts strike as workers approve 32% pay hike
Boeing has successfully averted a potential labor disruption after its unionized white-collar workers ratified a new contract.
Oil falls as Europe considers releasing emergency diesel stocks
Oil prices witnessed a sharp decline on Friday morning, extending losses from earlier in the session.
Bitcoin crosses $86,000 mark
Bitcoin's price has surged past the $86,000 mark, marking a three-week-long recovery.
Trade measures against forced labor must be evidence-based: Piyush Goyal
India has called for trade measures against goods produced using forced labor to be backed by specific and verifiable evidence.
Sensex hits 52-week low: Why India's market rout is deepening
The Indian stock market is witnessing a major downturn, with the Sensex hitting a 52-week low of 71,293 on Thursday. This is lower than levels seen when crude prices had surged past $120 a barrel.
Adani Group to invest over ₹6 lakh crore in Maharashtra
The Adani Group has announced a massive investment plan of over ₹6 lakh crore in Maharashtra.
Nike's market value has plunged $230B from its peak
Nike's shares crashed by a staggering 8.5% in after-hours trading on Thursday to $32.20. The fall was triggered by the company's disappointing fiscal first-quarter results and an even bleaker outlook for the future.
FAA to hold safety review over Boeing 737 MAX software
The US Federal Aviation Administration (FAA) will hold a safety review on Friday over a software issue affecting Boeing's 737 MAX aircraft.
Broadcom seeks $60B financing to support Anthropic, other AI firms
Broadcom Inc. is reportedly seeking $60 billion in new financing for artificial intelligence (AI) chips.
New Mexico seeks $40B penalty against Meta over privacy violations
New Mexico has demanded that a judge impose penalties of between $35 billion and $40 billion on Meta Platforms.
US-India trade deal not 'imminent': US trade chief
The United States and India are still working on the details of a long-awaited trade agreement, US Trade Representative Jamieson Greer said on Thursday.
Musk warns Delta CEO over choosing Amazon's Leo over Starlink
Elon Musk has expressed his displeasure at Delta Air Lines for opting Amazon's Leo over SpaceX's Starlink for in-flight Wi-Fi.
Microsoft's Office and Teams chief departs
Ryan Roslansky, the former CEO of LinkedIn and current head of Microsoft Office and Teams, is leaving the tech giant.
Who is Anup Bagchi, HDFC Bank's new CEO?
HDFC Bank, India's leading private lender, has appointed Anup Bagchi as its new Managing Director and Chief Executive Officer (CEO) for a three-year term.
These BSNL plans now come with free insurance
Bharat Sanchar Nigam Limited (BSNL) has introduced free insurance benefits with two prepaid plans.
Oil prices surge over 2% as China halts fuel exports
Oil prices surged by over 2% on Thursday, with Brent crude crossing the $100 per barrel mark.
India's GST collections cross ₹2 lakh crore in September
India's gross Goods and Services Tax (GST) collection for September stood at ₹2,03,521 crore, a year-on-year increase of 14.7%.
Airtel Money sets IPO price, targets $7B valuation
Airtel Africa's mobile payments business, Airtel Money, has announced the price for its upcoming initial public offering (IPO) in London.
Nifty suffers longest losing streak in 25 years
India's benchmark index, the Nifty50, is on its longest losing streak in 25 years.
California bans AI from making layoff decisions
California has passed a groundbreaking law, the 'No Robo Bosses Act,' that prohibits employers from using artificial intelligence (AI) as the sole basis for firing or disciplining employees.
UPI crosses 800M daily transactions for first time
India's Unified Payments Interface (UPI) has hit a major milestone, processing 24.07 billion transactions worth ₹29.37 lakh crore in September.
Paramount names Ynon Kreiz co-CEO ahead of Warner merger
Paramount has announced the appointment of Ynon Kreiz as its new co-CEO, ahead of the completion of its $110 billion merger with Warner Bros. Discovery.
India's manufacturing sector rebounds in September
India's manufacturing sector witnessed a growth spurt in September, ending a three-month-long slowdown.
AI voice start-up ElevenLabs hits $22B valuation
AI voice start-up ElevenLabs has announced a major milestone in its growth journey. The company is letting employees cash out a part of their vested equity at a whopping $22 billion valuation.
Who is Anup Saha, Kotak Bank's new MD and CEO?
Kotak Mahindra Bank has announced the appointment of Anup Kumar Saha as its new Managing Director and Chief Executive Officer (CEO).
US stocks rise as softer inflation cools Fed hike fears
US stocks have witnessed a surge, reversing the September decline in the S&P 500 index.
Noel vs Srinivasan: What's happening at Tata Trusts?
Noel Tata, the chairman of Tata Trusts, and his son Neville have filed multiple caveats with the Maharashtra charity commissioner.
Moneyview lists at 62% premium: Should you hold or sell?
Moneyview, a prominent player in the financial technology sector, has made its debut on the National Stock Exchange(NSE) with a bang.
Gautam Adani overtakes Mukesh Ambani to become India's richest
Gautam Adani has reclaimed the title of India's richest person, according to Forbes' 2026 list.
Commercial LPG cylinders get costlier by up to ₹71.5
The price of the 19kg commercial LPG cylinder has been hiked from today. The increase varies across cities, with Delhi seeing a hike of ₹62.50, taking the total cost to ₹2,810.
Coca-Cola might file for $1B India IPO in December
Coca-Cola is said to be planning an initial public offering (IPO) of its Indian bottling unit, Hindustan Coca-Cola Beverages.
Why Hotmail founder Sabeer Bhatia wants 55% inheritance-tax in India
Sabeer Bhatia, the co-founder of Hotmail, has sparked a fresh debate over inheritance tax in India.
Why employee morale at Flipkart is down
Flipkart, the Walmart-owned e-commerce giant, is facing a major leadership crisis as several top executives have resigned in recent months.
FSSAI suspends license of Seven Seas Hospitality over hygiene violations
The Food Safety and Standards Authority of India (FSSAI) has suspended the license of Seven Seas Hospitality Pvt Ltd for serious hygiene and sanitation violations.
This IT services provider is planning $7B IPO in India
EQT AB-owned Virtusa is considering an initial public offering (IPO) in India, which could value the company at $7 billion.
DoorDash to create 3,000 jobs in India by 2028
Food delivery giant DoorDash has announced plans to create 3,000 jobs in India over the next two years.
OpenAI seeks $30B at $1.4T valuation ahead of IPO
OpenAI is reportedly in talks to raise at least $30 billion in a pre-IPO funding round.
This renewable energy firm has filed for ₹10,000cr IPO
Inox Clean Energy, part of the INOXGFL Group, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a ₹10,000 crore initial public offering (IPO).
Why Tesla has lined up credit backup worth $30B
Tesla has secured $30 billion in new credit lines to help scale its upcoming products, including the Cybercab robotaxi and Optimus robot.
China's manufacturing sector returns to growth in September
China's manufacturing sector has shown signs of recovery in September, according to an official survey.
Why Noel Tata is opposing Tata Sons listing
Noel Tata, who heads the charitable trusts that own 66% of Tata Sons, has voiced his opposition to the public listing of Tata Sons.