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Business News

No jargons, no mumbo-jumbo. Read the unadulterated Business news here.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
China

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.

31 Jul 2026
Amazon

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

31 Jul 2026
TL;DR

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.

30 Jul 2026
Zepto

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.

30 Jul 2026
Larsen & Toubro

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.

30 Jul 2026
Reserve Bank Of India (RBI)

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.

30 Jul 2026
Income Tax Return

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.

30 Jul 2026
Mahindra & Mahindra

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.

30 Jul 2026
Flipkart

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.

30 Jul 2026
PhonePe

PhonePe introduces PulsePro, an intelligence platform for businesses

PhonePe has launched a new enterprise intelligence platform called PulsePro.

30 Jul 2026
India

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.

30 Jul 2026
X

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).

30 Jul 2026
Mark Zuckerberg

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.

30 Jul 2026
Microsoft

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.

30 Jul 2026
Samsung Electronics

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.

30 Jul 2026
Google Pay (Gpay)

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.

30 Jul 2026
Bombay Stock Exchange (BSE)

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.

30 Jul 2026
Iran

Oil prices fall below $90

Oil prices have witnessed a slight decline as tankers continue to operate in West Asia, despite rising tensions.

30 Jul 2026
Federal Reserve

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.

30 Jul 2026
Boeing

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.

29 Jul 2026
Hong Kong

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.

29 Jul 2026
Bengaluru

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.

29 Jul 2026
Zerodha

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.

29 Jul 2026
Gautam Adani

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.

29 Jul 2026
Apple

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.

29 Jul 2026
BMW

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.

29 Jul 2026
Sensex

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.

29 Jul 2026
eBay

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.

29 Jul 2026
OpenAI

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.

29 Jul 2026
Samsung Electronics

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.

29 Jul 2026
Layoff News

BuzzFeed cuts 33% of workforce

BuzzFeed, the media giant that was an early adopter of artificial intelligence (AI), has announced a massive layoff.

29 Jul 2026
Layoff News

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.

28 Jul 2026
Cybersecurity

India gets new digital payment fraud watchdog

The Indian government has launched the India Digital Payment Intelligence Corporation (IDPIC) to combat cyber financial frauds.

28 Jul 2026
Delhi High Court

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.

28 Jul 2026
Dubai

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.

28 Jul 2026
Indian Economy

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.

28 Jul 2026
Flipkart

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.

NPCI working with banks, UPI apps to strengthen user privacy

The National Payments Corporation of India (NPCI) is working with Unified Payments Interface (UPI) apps and partner banks to implement the Digital Personal Data Protection (DPDP) law, according to Moneycontrol.

28 Jul 2026
Flipkart

Flipkart trims stake in Shadowfax

Flipkart has reduced its stake in Shadowfax Technologies Ltd, a logistics solution provider, to 1.52% after selling over 3.37 crore shares through an open market transaction on July 24, according to a stock exchange filing.

28 Jul 2026
Android

Google rivals seek billions in damages after $1B EU fine

Google is facing a new wave of costly lawsuits in Europe, after losing a key case under new EU legislation.

28 Jul 2026
Hyderabad

AMD to hire 4,500 employees in India

Advanced Micro Devices (AMD), a leading US-based semiconductor company, has announced plans to expand its workforce in India.

28 Jul 2026
Flipkart

Swiggy appoints ex-Myntra chief Nandita Sinha as Instamart CEO

Swiggy has announced a major leadership change in its quick commerce business, Instamart.

28 Jul 2026
Asia

Why IT stocks are rising as AI chip stocks fall

The Indian IT sector has shown resilience amid a global sell-off in chipmakers.

28 Jul 2026
Hong Kong

Chinese AI infrastructure supplier Zhongji Innolight raises $6.8B in IPO

Chinese optical components manufacturer, Zhongji Innolight, has raised HK$53.41 billion ($6.81 billion) through its Hong Kong listing.

Indo-MIM IPO allotment today: How to check status online

Indo-MIM's initial public offering (IPO) allotment is likely to be finalized today.

28 Jul 2026
Elon Musk

SpaceX loses $1.2 trillion in market value in post-IPO slump

SpaceX has witnessed a massive decline in its market capitalization, losing over $1.2 trillion since hitting a peak price of $225.64 in June.

28 Jul 2026
Apple Pay

X Money digital payments service launched in US

Elon Musk's social media platform, X, has launched a new feature called 'X Money.'

28 Jul 2026
Netflix

Netflix faces lawsuit over executive's firing after team retreat

Kevin Baillie, a former Vice President and Head of Creative at Eyeline Studios, Netflix's visual effects division, has filed a lawsuit against the company.

28 Jul 2026
Johnson & Johnson

Johnson & Johnson settles talc cancer lawsuits for $5.5B

Johnson & Johnson (J&J) has agreed to a landmark settlement of $5.5 billion, resolving thousands of lawsuits linking its talc products with ovarian cancer.

28 Jul 2026
NVIDIA

South Korea's KOSPI crashes 8% as chip stocks tumble

South Korea's KOSPI index plummeted by nearly 8% on Tuesday, triggering a temporary suspension of program trading.

27 Jul 2026
Air India

Air India, Modi government partner to promote Indian tourism globally

The Ministry of Tourism (MoT) has signed a Memorandum of Understanding (MoU) with Air India.

27 Jul 2026
HDFC Bank

Why HDFC Bank has fined its CEO, CFO ₹1L each

HDFC Bank has imposed a fine of ₹1 lakh each on its Managing Director and CEO Sashidhar Jagdishan, Chief Financial Officer Srinivasan Vaidyanathan, and Group Head-Retail Assets Arvind Vohra.

27 Jul 2026
Ratan Tata

Why transfer of Ratan Tata's stocks to charity is delayed

The transfer of 3,368 Tata Sons shares owned by the late Ratan Tata to two charitable entities has been delayed.

27 Jul 2026
India

Indians with ₹100cr+ income touches 5-year high, says Finance Ministry

The number of individuals declaring a gross total income (GTI) of ₹100 crore or more has hit a five-year high in India.

27 Jul 2026
India

Why specialist deep-tech funds are now spawning in India

India's push for self-reliance in semiconductors, defense, space, and artificial intelligence (AI) is giving rise to a new breed of specialized deep-tech funds.

27 Jul 2026
HCL

HCLTech will now cater to small businesses in India

HCL Technologies, India's third-largest IT services company, has launched a dedicated business unit for small and mid-sized companies.

Global IT spending to reach $6.37 trillion in 2026: Gartner

Global IT spending is projected to grow by 14.2% in 2026, reaching $6.37 trillion from $5.58 trillion in 2025, according to a recent report by Gartner.

27 Jul 2026
Indian Government

Centre clears RBI proposal to test ₹10, ₹20 plastic banknotes

The Indian government has approved the Reserve Bank of India's (RBI) proposal to conduct field trials of polymer banknotes in the ₹10 and ₹20 denominations.

27 Jul 2026
United States of America

Shein swung to $99M loss in Q1. Reason? Donald Trump

Fast-fashion giant Shein, which is headquartered in Singapore but was founded in China, has reported a loss of $99 million in Q1 2026.

27 Jul 2026
Apple

Apple negotiating lower prices for iPhone 18 Pro Max display

Apple is negotiating with its display suppliers to lower the prices of OLED panels for the upcoming iPhone 18 Pro Max.

27 Jul 2026
Paytm

Paytm users can now file ITRs via ClearTax for ₹11

Paytm has teamed up with ClearTax, a tax-filing platform, to provide online income tax return (ITR) filing services via its app.

27 Jul 2026
Air India

Tata Sons FY26 profit jumps 22% to ₹31,961cr

Tata Sons has reported a 22% surge in its annual profit for the fiscal year ending March 2026.

27 Jul 2026
Indian Economy

How small-ticket loans are driving India's consumption story

India's consumption story is being driven by easy access to credit, with small-ticket consumer loans becoming the preferred financing option for discretionary purchases.

27 Jul 2026
China

Why China's export curbs threaten $6.5 trillion supply chains

China's recent export restrictions on critical minerals and rare earth elements could endanger an estimated $6.5 trillion worth of annual downstream production outside the country, the International Energy Agency (IEA) has warned.

27 Jul 2026
Deepinder Goyal

Deepinder Goyal's Temple doubles valuation to $375M in 5 months

Temple, a wearable tech start-up founded by Deepinder Goyal, the founder of Eternal, has launched an employee stock ownership plan (ESOP) liquidity program.

27 Jul 2026
Apple

Why budget smartphones are struggling in India

India's smartphone market witnessed a major slowdown in the April-June quarter, with a 10% year-on-year (YoY) decline.

27 Jul 2026
Donald Trump

US appeals court blocks Trump's mail-in voting order

A federal appeals court has blocked President Donald Trump's executive order aimed at tightening mail-in voting rules in 23 states.

27 Jul 2026
India

Why India's shipping costs are rising despite falling oil prices

Despite a decline in oil prices, India's shipping industry is still facing high freight costs.

27 Jul 2026
Indian Government

Indian government bonds see rally today: What's the reason?

Indian government bonds witnessed a major rally at the start of the week today, recovering from last week's losses.

27 Jul 2026
Indian Rupee (INR)

Can INR strengthen to 95/$ in coming months?

The Indian rupee could appreciate against the US dollar in the coming months, according to Anindya Banerjee, Head of Research-Currency, Commodity, and Interest Rate Derivatives at Kotak Securities.

27 Jul 2026
Bitcoin

Bitcoin rebounds above $65,000

Bitcoin (BTC), the world's largest cryptocurrency by market cap, has surged past the $65,000 mark. The price is up by some 1.2% in the last 24 hours.