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Infosys confirms 70% bonus, range 65% to 80% across levels
Infosys maintained a 70% average bonus payout for Q1 FY24, unchanged from the previous quarter but 10 percentage points lower compared to the same period last year.
Gartner: AI and memory drive semiconductors to $1.6 trillion
Global semiconductor revenue is projected to hit $1.6 trillion in 2026, driven by AI infrastructure investments and a favourable memory pricing cycle, according to Gartner.
Donald Trump announces 50% tariff on Canadian autos, parts, steel
Starting January 2027, President Trump plans to impose 50% tariffs on Canadian cars, trucks, auto parts, and steel, accusing Canada of unfair trade practices.
AG Rob Bonta pauses Paramount settlement talks over alleged leaks
California Attorney General Rob Bonta canceled settlement talks with Paramount, accusing the company of leaking details, as it considers relocating headquarters to Tennessee.
Shanti Inorganics opens NSE SME IPO seeking up-to ₹47.23cr
Shanti Inorganics has set the price band for its NSE SME IPO at ₹79–₹83 per share, with the issue opening on August 31 and closing on September 2.
ICICI Bank raises $1 billion from 5-year 5.410% bonds
ICICI Bank has issued $1 billion in five-year senior unsecured fixed-rate notes at a 5.41% coupon, under its $7.5 billion Global Medium Term Note Programme.
FIIs and DIIs put ₹3,675.07cr into stocks on Monday
Foreign institutional investors (FIIs) turned net buyers, investing ₹1,182 crore in Indian equities on Monday, while domestic institutional investors (DIIs) added ₹2,493 crore.
UCO Bank board approves $1 billion foreign currency borrowing plan
UCO Bank's board has approved raising up to $1 billion through foreign currency debt instruments under a Medium Term Note (MTN) Programme in multiple tranches.
TCS to fully acquire Porsche's MHP in €1.25 billion partnership
Tata Consultancy Services (TCS) plans to fully acquire MHP, Porsche AG’s IT consulting subsidiary, for €320 million, as part of a €1.25 billion strategic AI partnership.
Healthify and Berry Street launch AI-driven insured care platform
Healthify and US-based Berry Street have merged, combining AI-driven nutrition technology with an insurance-covered clinical care network to enhance metabolic health solutions.
India and Cambodia to speed up bilateral investment treaty signing
India and Cambodia have agreed to expedite the signing of a Bilateral Investment Treaty, aiming to enhance trade ties and attract foreign investments.
Branded residences surge in India as M3M leads 20000cr projects
Global luxury brands are partnering with Indian developers to tap into the growing demand for branded residences, driven by rising wealth and evolving buyer aspirations in India.
Indian government measures end 2 months of sugar price rises
Sugar prices in India have declined by over 10% after a two-month rally, driven by government measures such as duty-free imports and stock-holding limits for bulk buyers.
Paluck Technologies to raise ₹33cr through BSE SME IPO
Paluck Technologies plans to raise ₹33 crore through an IPO on BSE SME, offering 68.76 lakh equity shares at a price band of ₹46-₹48 per share starting August 28.
WATER raises $2.5 million led by Endiya Partners for validation
WATER, a physical AI company creating adaptive intelligent surfaces, secured $2.5 million in funding led by Endiya Partners to advance technical validation efforts.
RUM Group signs $13.7B GPU deal with mystery US client
RUM Group, affiliated with Trump's Truth Social, signed a $13.7 billion agreement to provide AI chips and GPU services to an unnamed U.S.-based cloud client over six years.
Gartner: India may drive 5% global semiconductor demand by 2030
India's growing AI data-centre infrastructure could drive 5% of global semiconductor demand by 2030, fueled by hyperscaler investments and the country's large digital user base.
ICEYE launches ICEYE India on National Space Day supporting defense
European satellite company ICEYE has launched ICEYE India to collaborate with defense and security agencies, aiming to tap into India's growing space and defense market.
US stock futures drop Monday as tech weighs on markets
US stock futures declined on Monday, led by a 0.6% drop in Nasdaq-100 futures, as technology stocks slid ahead of Nvidia earnings and the Federal Reserve's Jackson Hole symposium.
Google $15 billion Visakhapatnam data center not halted by court
The Andhra Pradesh High Court declined to halt Google’s $15 billion Visakhapatnam data centre project but raised concerns over environmental clearance and resource usage.
Swara Baby Products commits ₹558.47cr to Pithampur, Madhya Pradesh factory
Swara Baby Products Ltd plans to invest ₹558.47 crore in a new manufacturing facility in Madhya Pradesh, with ₹198.21 crore funded through its upcoming IPO.
TCS secures €1.25 billion Porsche deal tied to MHP acquisition
Tata Consultancy Services has finalized a €1.25 billion deal to acquire MHP Management- und IT-Beratung GmbH, strengthening its partnership with Porsche AG.
Axis Pension Fund crosses ₹20,000cr AUM, driven by NPS sign-ups
Axis Pension Fund has doubled its assets to ₹20,000 crore in 15 months, driven by rising NPS adoption, expanded distribution networks, and innovative technology-led initiatives.
Xpeng raises over $900 million for robotics unit valued above $6.3B
Xpeng's robotics unit secured over $900 million in its first funding round, led by IDG Capital, setting a record in China's embodied AI sector.
Selling goods on Amazon and Flipkart has become costlier
Amazon and Flipkart have raised their seller fees ahead of the festive season.
SBI Mutual Fund raises 1,154cr in India's largest SIF NFO
SBI Mutual Fund's Magnum Equity Ex-Top 100 Long Short Fund raised ₹1,154 crore in its NFO, showcasing strong investor interest in innovative equity strategies.
Piyush Goyal announces semiconductor and automotive rules in 2 months
India will revise regulations within two months to address concerns of semiconductor and automotive component manufacturers, Commerce Minister Piyush Goyal announced in Tokyo.
Income Tax Department urges filing ITRs by Aug 31
The Income Tax Department has reminded taxpayers with business or professional income, not subject to audit, to file their ITRs for AY 2026-27 by August 31.
Indian rupee slips 3 paise to 95.74 against US dollar
The rupee ended 3 paise lower at 95.74 against the US dollar, impacted by rising crude prices and cautious sentiment over US-Iran tensions, despite a weaker dollar.
REC to launch India's 1st tokenized corporate bonds next month
India is set to launch its first tokenised corporate bonds next month, leveraging blockchain technology for instant settlement, with REC issuing bonds worth under ₹5 billion.
Japan's Nikkei down 0.7% as AI rout fuels BOJ talk
Japan's Nikkei fell 0.7% as AI-related stocks declined ahead of Nvidia's earnings, with inflation concerns and Middle East uncertainties further weighing on investor sentiment.
Tata Sons board likely to discuss N Chandrasekaran stepping down
The Tata Sons board is set to convene on September 17, potentially addressing N Chandrasekaran's decision to step down, alongside routine matters and the rescheduling of its AGM.
United Spirits drops legal fight after FSSAI lifts rum ban
United Spirits withdrew its court challenge against FSSAI's restrictions on rum variants after the regulator revoked its ban, resolving a dispute over added flavoring agents.
India targets $500 billion electronics manufacturing by FY31: Kotak report
India targets a 14-fold surge in electronic component production, aiming to grow from USD 10.5 billion in FY24 to USD 150 billion by FY31, per Kotak Mutual Fund.
Apollo Micro Systems buys 34% stake in Shauryastra Defence Systems
Apollo Micro Systems has acquired a 34% stake in Shauryastra Defence Systems, a newly established defence tech firm, marking its continued growth in India's defence sector.
Bank unions across India announce September walkouts, consider indefinite strike
The United Forum of Bank Unions (UFBU) has announced four nationwide strike days in September, demanding a five-day work week and changes to the government's PLI scheme.
Airtel Payments Bank posts April-June 2026 revenue ₹830.5 cr
Airtel Payments Bank's annualised revenue surpassed ₹3,300 crore in Q1 FY27, with quarterly revenue at ₹830.5 crore, marking a 6.8% year-on-year growth.
Suzlon, Tata Power, Waaree Energy announce ₹10,000cr Rayadurg wind project
Suzlon Group aims to add 5 GW of renewable energy in Andhra Pradesh by 2030, creating around 4,000 jobs and investing ₹10,000 crore in wind projects.
How UPI transformed Indian payments in its 1st decade
India's Unified Payments Interface (UPI) marks 10 years, achieving a staggering 13,000-fold growth in transaction volume and becoming a global benchmark for real-time payments.
Vertiv launches consultant portal in India for consulting engineers
Vertiv has introduced its Consultant Portal in India, offering consulting engineers design tools and resources as the nation's data centre capacity nears 8GW by 2030.
Tempsens IPO closes today as GMP crosses 100%
The initial public offering (IPO) of Tempsens Instruments has garnered strong investor interest on its third and final day of bidding.
India's rare-earth magnet plan might not meet future demand
The Indian government has announced an $800 million plan to produce high-strength neodymium-iron-boron (NdFeB) magnets.
Iran's currency nears 2M to a dollar as pressure mounts
Iran's currency, the rial, is on a downward spiral, nearing the unofficial market rate of two million to a US dollar.
Air India, IndiGo, SpiceJet issue advisories for Delhi passengers
Air India, IndiGo, and SpiceJet have issued travel advisories for passengers due to adverse weather conditions in Delhi.
Godrej to invest ₹20,000cr in Haryana, create 40,000 jobs
Godrej Industries Group has signed a Memorandum of Understanding (MoU) with the Haryana government to invest ₹20,000 crore in the state.
Warner Bros merger: California's AG cancels meeting with Paramount
California's Attorney General Rob Bonta has canceled a meeting with Paramount Skydance executives today, The New York Times reported.
Anupam Mittal calls out global firms for rupee price conversions
Anupam Mittal highlights how Indian consumers demand clear value for money, urging AI firms to innovate pricing strategies tailored to India's discerning and outcome-driven market.
U.S.-Iran tensions push India's LNG prices above $23 per MMBtu
India faces soaring LNG costs, exceeding $23 per mmbtu, as Strait of Hormuz disruptions from the US-Iran conflict strain energy imports and push buyers to the spot market.
Indian 2036 government bond yield holds at 6.8595% on Monday
Indian government bonds held steady at a 6.85% yield as traders monitored oil price fluctuations amid potential U.S. sanctions on Iran impacting crude markets.
Shanthi Gears stock jumps 40% after Tube Investments increased stake
Shanthi Gears shares surged 40% in two days after promoter Tube Investments raised its stake to 73.2%, signaling strong confidence despite recent weak financial performance.
India's DGFT ends ban on durum and other wheat exports
India has lifted restrictions on wheat and durum wheat exports, amending their status from "Prohibited" to "Free," as per a DGFT notification dated August 24.
Be Clinical raises ₹21cr seed funding led by Sauce
Be Clinical has secured ₹21 crore in seed funding led by Sauce, aiming to enhance R&D, expand its clinical skincare range, and scale operations into new markets.
Indian IT firms increase subcontractor costs amid AI, H-1B uncertainty
Indian IT firms face sustained high subcontracting costs due to rising AI-driven demand for specialized skills and H-1B visa uncertainties, reshaping their US staffing strategies.
ReNew invested ₹20,000 cr in Gujarat plans ₹1L/cr across sectors
ReNew has invested ₹20,000 crore in Gujarat and plans to scale up investments across clean energy, data centres, and green hydrogen over the next few years.
MCX silver futures for September rise ₹222 amid active trading
Silver futures on the MCX for September delivery rose by ₹222 to ₹2,46,819 per kilogram, driven by fresh position building among participants in a turnover of 3,748 lots.
Sanlayan Technologies posts ₹24.97 cr profit in 1st full year
Sanlayan Technologies reported its first full-year net profit of ₹24.97 crore in FY26, with revenue surging sixfold to ₹139.61 crore, driven by production scale-up.
Amazon and Flipkart raise seller fees as festive rush begins
Amazon and Flipkart have increased seller fees, including cancellation charges and penalties for delays, as they gear up to capture a larger share of festive spending.
Shankesh Jewelers IPO to list on BSE and NSE tomorrow
Shankesh Jewellers IPO is set to debut on BSE and NSE tomorrow, with a current GMP of ₹2 per share indicating a modest 2.15% upside over the upper price band of ₹93.
Alibaba shares crash after $10B AI fundraising plan
Alibaba's shares plunged nearly 11% on Monday after the Chinese tech giant announced a massive HK$80 billion ($10.2 billion) share placement to fund its artificial intelligence (AI) expansion.
STOXX 600 slips 0.1% as tech pressured by Iran sanctions
European shares slipped as technology stocks weighed on markets, while investors awaited U.S. sanctions on Iran and key updates from Nvidia and the Federal Reserve.
The Economic Times announces Product of the Year Awards 2026
The Economic Times Product of the Year Awards 2026 spotlight 27 categories, recognizing products that deliver sustained value, drive innovation, and set industry benchmarks.
Gold prices surge to 3-month high
Gold prices have surged to their highest level in over three months, reaching over $4,641 per ounce.
Evergrande founder Hui Ka Yan sentenced to life in prison
China's property market faces prolonged turmoil as Evergrande founder Hui Ka Yan receives a life sentence, highlighting the sector's structural issues and economic challenges.
Sonova launches Phonak EON AI hearing aid doubling speech understanding
Sonova has launched its Phonak EON platform, featuring real-time AI for enhanced speech clarity, aiming to boost growth and solidify its premium positioning in global markets.
MakeMyTrip, ixigo and Yatra make AI central to Indian travel
MakeMyTrip, ixigo, and Yatra are leveraging AI to redefine travel services, focusing on consumer journeys, infrastructure, and corporate travel management.
Government data shows air passenger prices up nearly 32%
Air passenger service prices recorded a 31.94% year-on-year increase in Q1 FY27, with the index rising to 126.4 from 106.9 in the previous quarter, government data showed.
ICICI Securities gives Lenskart buy rating with ₹750 target
ICICI Securities initiates coverage on Lenskart with a BUY rating, citing robust growth potential and operational outperformance, setting a target price of Rs 750 by August 2026.
Zetwerk targeting late September mid October IPO with 2,600cr issue
Zetwerk Manufacturing Businesses Limited has initiated investor roadshows for its IPO, aiming for a launch by late September or mid-October to fund debt repayment and acquisitions.
India negotiating FTAs covering $15 trillion GDP, Piyush Goyal says
India is negotiating free trade agreements with 8-9 more countries or groups, aiming to cover 75% of global trade and strengthen its position in global value chains.
Selection process for next Tata Sons chairman is now underway
The Sir Dorabji Tata Trust (SDTT) has begun the process of forming a selection committee to recommend the next chairman of Tata Sons, as per Moneycontrol.
This renewable energy firm is planning $800M IPO in India
Avaada Electro, the solar manufacturing division of Avaada Group, is gearing up for an initial public offering (IPO) that could raise as much as $800 million, as per Bloomberg.
Modi government reopens AI vendor empanelment: Why it matters
The Ministry of Electronics and Information Technology (MeitY) has reopened its empanelment process for agencies providing artificial intelligence (AI) and machine learning (ML) manpower and project support to the government.
NVIDIA might invest in AI start-up Perplexity at $30B valuation
NVIDIA is considering an investment in AI start-up Perplexity, The Information reported.
SoftBank plans record $6.3B bond issue to fund AI investments
SoftBank Group, the Japanese technology investor, has announced its plan to issue ¥1 trillion ($6.29 billion) worth of seven-year corporate bonds.
Uber hit with ₹9,000cr European fine for automated driver deactivations
Uber has been fined Rs 9,000 crore in Europe for allegedly using automated systems to suspend drivers without sufficient human oversight, violating GDPR regulations.
UK graduate job openings fall 45% to 8,383 in July
Graduate job vacancies in the UK plummeted to 8,383 in July, a 45% drop from last year, as employers cut entry-level roles amid rising costs and automation investments.
Blue Cloud Softech rises 4.7% after $150 million SpaceX international contract
Blue Cloud Softech Solutions shares jumped nearly 5% on Monday, following the implementation of a $150 million Master Services Agreement with SpaceX International Ltd.
Bitcoin's sharpest rally in 3 years boosts Indian exchanges
Indian crypto exchanges reported over a 20% rise in spot trading volumes as Bitcoin's sharp rally, fueled by US policy developments, boosted market activity and investor sentiment.
Sridhar Vembu proposes death penalty for corrupt ministers and officials
Zoho founder Sridhar Vembu has urged Tamil Nadu CM Joseph Vijay to adopt Singapore-style laws, including the death penalty, for high-level corruption and drug dealing.
Bank unions announce nationwide strikes over 5-day work week, PLI
The United Forum of Bank Unions (UFBU), an umbrella group of major bank employee and officer unions, has called for nationwide strikes.
Blue Cloud Softech Solutions $150 million SpaceX Malaysia deal lifts shares
Blue Cloud Softech shares rose nearly 5% after initiating services under a $150-million agreement with SpaceX International Malaysia, spanning AI, cybersecurity, and telecom.
Indian banks post strongest credit growth in over 4 years
India's banking credit growth surged to 20% YoY in June 2026, marking a four-year high, while lagging deposit growth pushed the loan-to-deposit ratio near decade-high levels.
Skyways Air IPO launches with 23% GMP: Apply or avoid?
Skyways Air Services, a leading air freight forwarding and logistics company based in Delhi, has launched its initial public offering (IPO) today. The issue will close on August 27.
Oracle, Amazon, Visa cut thousands of jobs in India's IT
Global giants like Oracle, Amazon, and Visa are cutting thousands of jobs as AI adoption drives structural shifts, impacting India's IT workforce and economy significantly.
SDTT begins 5-member committee after N Chandrasekaran declines 3rd term
The Sir Dorabji Tata Trust (SDTT) has begun forming a selection committee for the next Tata Sons chairman, respecting N Chandrasekaran's decision not to seek a third term.
GMR plans $2B expansion at Delhi and Hyderabad airports
GMR Airports, a leading player in India's aviation sector, has announced plans to invest nearly $2 billion (approximately ₹19,400 crore) in the expansion of its New Delhi and Hyderabad airports.
Kotak Mahindra Mutual Fund: $155B India chip market by 2031
India's semiconductor market is projected to hit $155 billion by CY31, growing at a 20% CAGR, with its global consumption share rising to 9%, per Kotak Mahindra Mutual Fund.
Fascinate Textiles slips 20% on NSE SME despite 1.5x-subscribed IPO
Fascinate Textiles shares debuted on the NSE SME platform at Rs 120.80, a 20% discount to the IPO issue price of Rs 151, despite strong subscription interest.
Avaada Electro likely to file $800 million India IPO this month
Avaada Electro Ltd., backed by Brookfield Renewable Partners, aims to raise up to $800 million through an IPO in India, primarily via new and secondary share sales.
NVIDIA 15% price hike reshapes Indian IT investment bets
Nvidia's announcement of a 15% price hike triggered a sell-off in AI-linked stocks, sparking a relief rally in Indian IT stocks like Infosys and HCLTech.
Japan 10-year JGB yield hits 2.89% amid Middle East tensions
Japanese government bond yields rose on Monday as Middle East instability fueled inflation concerns, while record budget requests amplified fiscal uncertainties.
Eli Lilly launches Foundayo oral GLP-1 pill in UK
Eli Lilly has introduced Foundayo, an oral GLP-1 weight-loss pill, in the UK via private prescription, marking its first European launch after regulatory approval on August 10.
Gaja Alternative Asset Management IPO allotment expected today, 12% potential
The Gaja Alternative Asset Management IPO, subscribed over 30 times, is set for allotment today. Grey Market Premium (GMP) suggests a potential 12% listing gain for investors.
Twelve IPOs set for August 24-30 to raise ₹3,742 cr
This week, 12 IPOs worth over Rs 3,700 crore are opening for subscription, alongside the listing of nine new companies across mainboard and SME segments on the stock exchanges.
Bitcoin ETFs pulled $1.92 billion as Bitcoin trades near $77,000
US-listed Bitcoin spot ETFs recorded $1.92 billion in weekly inflows, the highest in 10 months, as Bitcoin surged 23% last week, marking its biggest rally in over three years.
Larsen & Toubro awarded over ₹15,000cr Middle East compression deal
Larsen & Toubro has won an ultra-mega contract exceeding ₹15,000 crore to build gas compression facilities and infrastructure in the Middle East, boosting regional gas capacity.
Blackstone backed Horizon Industrial Parks lists with muted market debut
Horizon Industrial Parks, backed by Blackstone, made a subdued stock market debut on August 24, listing near its IPO price of ₹60 on both NSE and BSE.
NVIDIA earnings and Kevin Warsh debut could rattle AI rally
Nvidia’s earnings and Fed Chair Kevin Warsh’s Jackson Hole debut will challenge the AI-driven stock rally amid rising Treasury yields and monetary policy uncertainty.
NVIDIA strikes $6B poolside deal, invests $1B at $12B valuation
Nvidia is challenging OpenAI and DeepSeek by acquiring AI startup Poolside for $6 billion, gaining technology and over 100 engineers to bolster its open-weight AI efforts.
SHEIN launches IPO at $27B valuation, 70% below peak
Fast fashion giant SHEIN has launched its initial public offering (IPO) in Hong Kong, aiming to raise HK$13.86 billion ($1.77 billion).
AvenuesAI June 2026 sales rise 109.37% net profit ₹76.15cr
AvenuesAI's consolidated net sales surged 109.37% year-on-year to Rs 2,680.40 crore in June 2026, with net profit rising 24.33% to Rs 76.15 crore.
Federal Bank to raise $500 million via 5-year GIFT City bonds
Federal Bank plans to raise $500 million through a five-year dollar bond sale via its GIFT City branch, joining Indian lenders rushing to secure overseas funds.
Citi teams with Axis Bank to simplify NRI foreign-currency deposits
Citigroup has partnered with Axis Bank to facilitate leveraged investments by non-resident Indians in foreign-currency deposits, leveraging RBI's push to attract dollar inflows.
Indian rupee opens 95.64 per US dollar, up 5 paise
The Indian rupee strengthened by 5 paise to open at 95.64 per dollar, supported by capital inflows, while Asian currencies mostly gained against the US dollar.
Hexaware Technologies eyes $300B AI TAM, over 50% AI revenue
CLSA sees strong potential in Hexaware Tech's AI strategy, while Jefferies and HSBC remain skeptical due to execution risks and near-term business challenges.
Centre launches 'Kanda Express' as onion prices rise 45%
The Indian government will launch "Kanda Express" from Monday, a special train service to transport onions from Maharashtra's buffer stock to major consumption centers.
SoftBank announces record 1 trillion yen bond sale for AI
SoftBank Group plans to issue $6.29 billion in seven-year corporate bonds, its largest-ever offering, as it intensifies AI-related investments through borrowings and asset sales.
Priority Jewels prices shares at ₹190-₹200, seeks ₹91.5cr through IPO
Priority Jewels has set its IPO price band at ₹190-₹200 per share, with the issue opening on August 28 and closing on September 1.
Foreign inflows to Indian data centers fall to $100m monthly
Foreign investments in Indian data centres dropped sharply from $600-900 million monthly in early 2026 to $100 million, amid protests and compliance issues.
Rays of Belief Ltd launches ₹41.36cr IPO priced ₹227-₹239
Rays of Belief has announced its IPO price band at ₹227-239 per share, with subscriptions open from 1 to 3 September to fund neurodevelopmental care expansion across India.
NSDC, AWS & Cultus start cloud AI training for 150,000
The National Skill Development Corporation and Amazon Web Services have partnered to train 1.5 lakh learners in cloud and AI skills, focusing on underserved regions across India.
Suzlon to invest ₹10,000cr in Govindawada 1,325MW wind project
Suzlon Group will commission 1,325 MW wind projects in Anantapur district with a ₹10,000 crore investment, creating 4,000 jobs and boosting renewable energy capacity in the region.
Incorrect EPF dates delay PF transfers and threaten EPS pension
Incorrect joining or exit dates in your EPF records can delay transfers, complicate withdrawals, and impact pension eligibility under the Employees’ Pension Scheme (EPS).
Hy-Tech Engineers opens IPO to raise ₹135.73cr at ₹50-₹53
Hy-Tech Engineers Limited launches its ₹135.73 crore IPO today, offering shares at a price band of ₹50-₹53. The issue will remain open until August 27, 2026.
KPMG Australia to cut about 400 staff after revenue dip
KPMG Australia will slash 5% of its workforce, impacting 27 partners and 360 employees, as it grapples with a revenue decline and fallout from a client information misuse scandal.
Skyways Air Services IPO open till Aug 27 priced ₹131-₹138
Skyways Air Services, India's top air freight forwarder, launches its ₹582.80 crore IPO today with a price band of ₹131-₹138 per share and a market lot of 100 shares.
India stock market nears record month raising nearly $10 billion
India's equity market saw record-breaking activity in August, with nearly $10 billion in deals driven by robust domestic liquidity and strong investor participation.
Samsung announces $79.4 billion payout plan, shares fall 8%
Samsung Electronics shares fell 8% after announcing shareholder returns of up to 110 trillion won, disappointing analysts who anticipated larger payouts and clearer buyback plans.
Indian markets likely quiet as oil rises, West Asia tensions
Indian equities are expected to open subdued on Monday, pressured by elevated crude oil prices near $86 a barrel and ongoing geopolitical tensions in West Asia.
Brent and WTI fall as US readies new Iran sanctions
Oil prices fell over $1 per barrel as investors took profits ahead of anticipated US sanctions on Iran, raising concerns about potential disruptions in Middle Eastern oil supplies.
US dollar hovers near multi-month lows after Treasury buyback move
The U.S. dollar hovers near multi-month lows as concerns over rising global bond yields and U.S. Treasury buyback plans weigh on market sentiment.
GMR Airports plans ₹19,400 cr for Delhi Hyderabad upgrades
GMR Airports Ltd. is investing Rs 19,400 crore to expand and modernize its New Delhi and Hyderabad airports, anticipating significant growth in India's aviation market.
Symbiotec Pharmalab launches ₹1,757 cr IPO August 24 to 27
Symbiotec Pharmalab's ₹1,757-crore IPO opens on August 24, offering a price band of ₹933-988 per share. Analysts recommend subscribing for long-term growth potential.
Shein launches Hong Kong IPO seeking $1.77B, implying $27B valuation
Shein targets a valuation of up to $27 billion in its Hong Kong IPO, marking a sharp decline from its $98.2 billion peak in 2022.
Economic Times launches HR Excellence Awards 2027 promoting inclusive workplaces
The Economic Times HR Excellence Awards 2027 honor innovative people strategies driving organizational growth and transformation across 28+ categories.
India's mutual funds grow 17.1% annually, global share exceeds 1%
India's mutual fund industry expanded at a 17.1% CAGR from 2020 to 2025, more than double the global rate of 6.9%, driven by rising retail participation and financial awareness.
Asian stocks slip as AI focus targets NVIDIA, Jackson Hole
Asian stocks edged lower as AI developments and Nvidia’s earnings dominate investor attention, while oil prices dropped amid geopolitical tensions and inflation concerns.
Gold hits $4,636.34 as markets await July PCE, Kevin Warsh
Gold prices surged to their highest since May, driven by a weaker dollar and anticipation of U.S. inflation data and Federal Reserve Chair Kevin Warsh's upcoming speech.
Asian markets barely budged amid possible US sanctions on Iran
Asian shares remained steady on Monday as investors awaited U.S. sanctions on Iran, while Nvidia's upcoming earnings report loomed large over the tech sector.
Sector-focused venture capital funds target robotics space-tech advanced manufacturing semiconductors
Venture capital funds are expanding into deeptech sectors like robotics and spacetech, driven by stronger deal flow, defensibility, and government-backed capital momentum.
Flipkart fines sellers ₹30-₹90 for late dispatches and cancelations
Flipkart has implemented new penalties ranging from Rs 30 to Rs 90 for sellers failing to meet despatch deadlines or cancelling orders, effective August 23.
Indian jewelers offer cash for gold to boost festival sales
Jewellery retailers, including Kalyan Jewellers and Titan, are expanding cash-for-gold programmes to counter high gold prices and boost margins ahead of India's festive season.
India's New and Renewable Energy Ministry grants 4-month project extension
The Indian government has granted a four-month extension for renewable energy projects affected by supply-chain disruptions caused by the West Asia war.
Lalithaa Jewellery to list Monday on BSE and NSE
Lalithaa Jewellery IPO debuts today, 24 August 2026, at 10:00 IST on BSE and NSE. Experts predict up to a 36% listing gain, with an estimated share price of ₹274.
India to overtake China in affluent consumers by 2036, report
India is projected to surpass China with 10.8 crore affluent consumers by 2036, driven by a decade-long addition of 8.2 crore affluent individuals, according to an NIQ report.
ET World Leaders Forum: Firms shift to security and resilience
Global business leaders emphasize a shift from efficiency to resilience, driven by geopolitics, AI advancements, and energy transitions reshaping international strategies.
Preeti Lobana: Google to invest $15B in Visakhapatnam AI hub
Preeti Lobana, VP at Google India, emphasized compute capacity as the critical infrastructure driving India's $1 trillion digital economy and AI advancements.
EPFO members should complete 10-year service for monthly pension benefits
The Employees' Provident Fund Organisation (EPFO) has warned its eligible members to complete a mandatory 10-year service period.
Piyush Goyal to lead India's largest business delegation to Japan
Union Minister for Commerce and Industry, Piyush Goyal, will head a 200-member business delegation to Japan from August 24-27.
India-Mexico trade pact nearing completion
The Terms of Reference (ToR) for a potential trade pact between India and Mexico are "almost finalized," government sources have said.
Why Urban Company has sued Kent RO
Urban Company has filed a defamation and disparagement suit against Kent RO Systems in the Delhi High Court.
This hospitality chain is planning ₹1,000cr IPO by December
Pride Hotels, a leading hospitality chain, is gearing up for its initial public offering (IPO) by December.
Commerce Secretary to visit Latin America, focus on trade ties
Commerce Secretary Rajesh Agrawal will be visiting Latin America from August 24 to 28.
Flipkart Minutes closing in on Instamart's scale
Walmart-owned Flipkart is giving established players like Swiggy Instamart, Blinkit, and Zepto a run for their money in the quick-commerce space.
New York surpasses San Francisco as US's top tech hub
New York City has outpaced San Francisco as the leading hub for tech talent in the US, according to CBRE.
SpaceX expands supply chain team in India amid Starlink delay
Elon Musk's SpaceX is expanding its supply chain team in India, despite the commercial launch of Starlink being stalled by pending security clearances.
Alibaba to raise $10B via share sale for AI purposes
Chinese e-commerce and cloud computing giant Alibaba has announced plans to raise HK$80 billion (around $10.2 billion) through a share placement.
FPIs invest over ₹23,500cr in Indian equities this August
Foreign portfolio investors (FPIs) have made a major investment in Indian equities this month, pumping in ₹23,544 crore so far.
SBI's total business to reach ₹200L crore by 2030
State Bank of India's (SBI) total business could double to ₹200 lakh crore by 2030, Chairman C S Setty has said.
Market cap of India's top 4 firms down ₹87,960cr
Four of India's top 10 companies witnessed a massive erosion of ₹87,960 crore in their market capitalization last week.
AI creating more jobs than destroying them in India
A recent report by Nomura has revealed that artificial intelligence (AI) is creating more jobs than it is destroying in India.
Starbucks India wants to match scale of Chinese outlets
Starbucks India, in partnership with Tata Consumer Products Ltd (TCPL), is gearing up to resume its aggressive store expansion strategy.
Andhra Pradesh greenlights ₹31,400cr AI data center in Visakhapatnam
The Andhra Pradesh government has approved the establishment of a 512MW green integrated artificial intelligence (AI) data center in Visakhapatnam district.
How Modi government plans to help local chip firms grow
The Indian government is working on a plan to help local semiconductor chip firms negotiate better terms with global foundries.
Indian banks to remain closed on these days next week
Public and private sector banks across India will observe several holidays next week.
India-US trade deal 'almost' finalized in principle: Sergio Gor
The India-US trade agreement is "almost" finalized in principle, according to US Ambassador to India Sergio Gor.
Why Cochin airport has accused SpiceJet of spreading misinformation
Cochin International Airport Limited (CIAL) has accused SpiceJet of spreading misinformation over flight disruptions at the airport.
Donald Trump made securities trades worth $263M in June
US President Donald Trump made over 1,000 securities trades in June alone.
SoftBank to sell 2.6% stake in Lenskart for $300M: Report
SoftBank Vision Fund II Lightbulb Cayman is planning to sell up to a 2.6% stake in Lenskart, people familiar with the matter told CNBC-TV18.
Modi government clears LPG pipeline expansion project worth ₹7,000cr
India's oil regulator has approved the construction of nearly 1,800km of new Liquefied Petroleum Gas (LPG) pipelines.
AGM delay effect: Tata Trusts is losing ₹55.6L per day
A complaint has been filed with the Maharashtra Charity Commissioner against the trustees of Sir Ratan Tata Trust (SRTT).
Y Combinator to sell 1% stake in Meesho for ₹957cr
Y Combinator is planning to divest up to 1.05% of its stake in Meesho. The move could fetch the company a whopping ₹957.5 crore.
Why India's private credit funds are turning to AI
India's private credit funds are increasingly adopting artificial intelligence (AI) into their operations, a recent EY report has shown.
Apple may expand India operations beyond iPhones: Ashwini Vaishnaw
Apple may expand its manufacturing operations in India beyond iPhones, Union Electronics and IT Minister Ashwini Vaishnaw said.
Centre removes 12-minute/hour cap on TV ads
The Indian government has scrapped the 12-minute-per-hour cap on television advertisements.
Apple's iPhone shipments expected to fall 2.1% in 2026
Apple is likely to witness a decline in its smartphone shipments by some 2.1% in 2026, according to a report by Counterpoint Research.
SEBI proposes new initiative for retail participation in corporate bonds
The Securities and Exchange Board of India (SEBI) has proposed a new initiative to expand retail participation in corporate bonds and other fixed income securities.
India's mutual fund association announces initiatives to boost investor participation
The Association of Mutual Funds in India (AMFI) has announced five key initiatives to deepen mutual fund participation and strengthen investor awareness across the country.
Vast cuts 46 jobs despite $500M funding, space station plans
California-based space station start-up Vast has laid off 46 employees, or about 4% of its workforce, according to Business Insider.
Why Uber is facing $966M fine in the Netherlands
Uber has been slapped with a fine of €825 million ($966 million) by the Dutch Data Protection Authority.
Harry Potter, Hello Kitty merchandise now available on Swiggy Instamart
Swiggy Instamart has teamed up with global lifestyle retailer MINISO to offer a range of over 90 products in key metro cities.
India to have homegrown smartphone brand by mid-2027: Ashwini Vaishnaw
India is all set to witness the emergence of a competitive homegrown mobile phone brand by mid-2027, Electronics and IT Minister Ashwini Vaishnaw announced.
NVIDIA partners with Cloverleaf to invest in AI data centers
NVIDIA has announced a partnership with Cloverleaf Infrastructure, a company specializing in the development of data centers.
US imposes 50% tariff on Canadian goods as talks fail
The United States has imposed a 50% tariff on billions of dollars worth of Canadian goods after last-minute trade talks between the two nations collapsed.
TikTok agrees to $400M settlement over child privacy lawsuit
TikTok and its parent company ByteDance have agreed to a $400 million settlement with the US Department of Justice (DOJ).
Apple cuts 200+ jobs across Siri and Vision Pro divisions
Apple has cut more than 200 positions from its Siri and Vision Pro teams, according to Bloomberg.
India, Brazil sign telecom MoU to boost digital cooperation
India and Brazil have signed a memorandum of understanding (MoU) to strengthen their cooperation in telecommunications and information and communications technologies (ICT).
NVIDIA denies reports of China-specific AI chip launch this year
NVIDIA has denied a recent report by The Information that claimed the company was planning to ship a language processing unit (LPU) specifically designed for Chinese customers by the end of this year.